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Nonprofiteer
← BEEF LOGIC INC

Form 990 for tax year 2024

Filed by BEEF LOGIC INC.

Totals

Total revenue
$698,729
Total expenses
$654,329
Contributions and grants received
$565,000
Grants paid
$232,781
Program service revenue
$122,685
Investment income
$1,843
Other revenue
$9,201
Total assets, end of year
$59,522
Total liabilities, end of year
$20,704
Net assets or fund balances, end of year
$38,818
Program services expenses (Part IX)
$626,550
Management and general expenses
$27,779
Fundraising expenses
$0
Program service expenses (Part III)
$626,550

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $565,000

  • 2a · Program service revenue: BUILD YOUR BASE DUES

    total $122,685 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,843 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $43,185

  • 10b · Cost of goods sold

    $33,984

  • 10c · Net income from sales of inventory

    total $9,201 · related or exempt $9,201

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $220,981 · program services $220,981

  • 2 · Grants to domestic individuals

    total $11,800 · program services $11,800

  • 5 · Compensation of officers, directors and key employees

    total $94,501 · program services $91,193 · management and general $3,308 · fundraising $0

  • 7 · Other salaries and wages

    total $127,211 · program services $120,538 · management and general $6,673 · fundraising $0

  • 8 · Pension plan contributions

    total $17,252 · program services $16,476 · management and general $776 · fundraising $0

  • 10 · Payroll taxes

    total $16,961 · program services $16,198 · management and general $763 · fundraising $0

  • 11c · Fees: accounting

    total $4,785 · program services $0 · management and general $4,785 · fundraising $0

  • 11g · Fees: other

    total $800 · program services $800 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $108,419 · program services $108,419 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $9,644 · program services $4,975 · management and general $4,669 · fundraising $0

  • 16 · Occupancy

    total $4,644 · program services $3,483 · management and general $1,161 · fundraising $0

  • 17 · Travel

    total $17,289 · program services $16,540 · management and general $749 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $1,103 · program services $0 · management and general $1,103 · fundraising $0

  • 23 · Insurance

    total $925 · program services $0 · management and general $925 · fundraising $0

  • 24a · Other expenses: BANK SERVICE FEES

    total $3,355 · program services $3,355 · management and general $0 · fundraising $0

  • 24b · Other expenses: PRINTING & PUBLICATIONS

    total $8,934 · program services $8,934 · management and general $0 · fundraising $0

  • 24c · Other expenses: PUBLIC RELATIONS/OUTREACH

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: DUES/SUBSCRIPTIONS

    total $2,867 · program services $0 · management and general $2,867 · fundraising $0

  • 24e · All other expenses

    total $2,858 · program services $2,858 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,330 · end of year $56,226

  • 4 · Accounts receivable

    beginning of year $2,317 · end of year $3,296

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,229 · end of year $20,704

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$5,582 · end of year $38,818

Mission and programs · 2024

Mission

TO SUPPORT AND EXPAND EDUCATION, COMMUNICATION AND RESEARCH OF THE HEALTH BENEFITS OF BEEF.

  • BUILD YOUR BASE: EDUCATIONAL OUTREACH AND PROGRAMS FOR YOUTH AND ADULTS SHOWCASING SPORTS NUTRITION AND TRAINING PROGRAMS USING BEEF AS THE PREMIER PROTEIN. EVENTS INCLUDE MEAL PREPARATION AND ATHLETIC TRAINING INFORMATION, PRIMARILY FOCUSING ON ATHLETIC PROGRAMS AND SPORTING EVENTS.

    Expenses $626,550 · Revenue $133,729

As filed on the 2024 return.

Listed in Part VII

  • Eric Sumption

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Les Shaw

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Todd Mortenson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Erin Yost

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Laurie Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kelby Krabbenhoft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Fylling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nate Moe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cody Jorgensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • TEALL PROPERTIES

    $50,000

    SPONSORSHIP

  • JANUS NUTRITION LLC

    $29,167

    SPONSORSHIP

  • INDOOR FOOTBALL LEAGUE

    $25,000

    SPONSORSHIP

  • CSCCa

    $20,000

    SPONSORSHIP

  • COYOTE SPORTS PROPERTIES LLC

    $14,500

    SPONSORSHIP

  • JACKRABBIT SPORTS PROPERTIES LLC

    $14,500

    SPONSORSHIP

Provenance

Return type
form_990
Tax year
2024
Filed
8 January 2026
IRS schema version
2024v5.2
Source object
202640139349301029

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