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Nonprofiteer
← BEEF LOGIC INC

Form 990 for tax year 2023

Filed by BEEF LOGIC INC.

Totals

Total revenue
$784,616
Total expenses
$753,819
Contributions and grants received
$591,500
Grants paid
$228,800
Program service revenue
$193,116
Investment income
$0
Other revenue
$0
Total assets, end of year
$9,647
Total liabilities, end of year
$15,229
Net assets or fund balances, end of year
-$5,582
Program services expenses (Part IX)
$719,040
Management and general expenses
$34,779
Fundraising expenses
$0
Program service expenses (Part III)
$719,040

Program services were 95.4% 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

    $591,500

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

    total $193,116 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $197,300 · program services $197,300

  • 2 · Grants to domestic individuals

    total $31,500 · program services $31,500

  • 5 · Compensation of officers, directors and key employees

    total $90,000 · program services $85,950 · management and general $4,050 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $117,760 · program services $112,461 · management and general $5,299 · fundraising $0

  • 9 · Other employee benefits

    total $13,200 · program services $12,606 · management and general $594 · fundraising $0

  • 10 · Payroll taxes

    total $15,894 · program services $15,179 · management and general $715 · fundraising $0

  • 11b · Fees: legal

    total $1,603 · program services $1,603 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $6,200 · program services $0 · management and general $6,200 · fundraising $0

  • 11g · Fees: other

    total $340 · program services $340 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $221,359 · program services $219,685 · management and general $1,674 · fundraising $0

  • 13 · Office expenses

    total $14,503 · program services $7,028 · management and general $7,475 · fundraising $0

  • 16 · Occupancy

    total $4,928 · program services $796 · management and general $4,132 · fundraising $0

  • 17 · Travel

    total $22,880 · program services $22,880 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $399 · program services $0 · management and general $399 · fundraising $0

  • 23 · Insurance

    total $1,952 · program services $0 · management and general $1,952 · fundraising $0

  • 24a · Other expenses: BANK SERVICE FEES

    total $2,072 · program services $483 · management and general $1,589 · fundraising $0

  • 24b · Other expenses: PRINTING & PUBLICATIONS

    total $8,762 · program services $8,762 · management and general $0 · fundraising $0

  • 24c · Other expenses: PUBLIC RELATIONS/OUTREACH

    total $200 · program services $0 · management and general $200 · fundraising $0

  • 24d · Other expenses: DUES/SUBSCRIPTIONS

    total $2,967 · program services $2,467 · management and general $500 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $7,330

  • 4 · Accounts receivable

    beginning of year $6,920 · end of year $2,317

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,299 · end of year $15,229

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$36,379 · end of year -$5,582

Mission and programs · 2023

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 $719,040 · Revenue $193,116

As filed on the 2023 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
  • Casey Cowan

    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
  • Kelby Krabbenhoft

    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

  • INDOOR FOOTBALL LEAGUE

    $70,000

    SPONSORSHIP

  • SANFORD INTL PGA GOLF

    $38,000

    SPONSORSHIP

  • CSCCa

    $25,400

    SPONSORSHIP

  • AUGUSTANA UNIVERSITY

    $8,000

    SPONSORSHIP

  • SIOUX FALLS STORM

    $5,000

    SPONSORSHIP

Provenance

Return type
form_990
Tax year
2023
Filed
27 January 2025
IRS schema version
2023v6.0
Source object
202510379349301961

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