Form 990 for tax year 2024
Filed by TENNESSEE BEEF INDUSTRY COUNCIL INC.
Totals
- Total revenue
- $748,489
- Total expenses
- $848,161
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $690,853
- Investment income
- $6,605
- Other revenue
- $51,031
- Total assets, end of year
- $1,113,020
- Total liabilities, end of year
- $78,048
- Net assets or fund balances, end of year
- $1,034,972
- Program services expenses (Part IX)
- $574,218
- Management and general expenses
- $273,943
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 67.7% 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.
-
2a · Program service revenue: ASSESSMENTS
total $690,853 · related or exempt $690,853
-
3 · Investment income
total $6,605 · related or exempt $6,605
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $51,031
-
6c · Rental income or loss
real property $51,031
-
6d · Net rental income or loss
total $51,031 · related or exempt $51,031
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $111,774 · program services $96,126 · management and general $15,648
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $150,196 · program services $61,731 · management and general $88,465
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $62,130 · program services $37,236 · management and general $24,894
-
10 · Payroll taxes
total $20,398 · program services $11,281 · management and general $9,117
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $36,886 · program services $13,063 · management and general $23,823
-
12 · Advertising and promotion
total $174,524 · program services $163,524 · management and general $11,000
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $27,184 · management and general $27,184
-
17 · Travel
total $29,836 · program services $17,167 · management and general $12,669
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $42,514 · program services $13,421 · management and general $29,093
-
23 · Insurance
total $0
-
24a · Other expenses: MATERIALS AND SUPPLIES
total $82,784 · program services $69,818 · management and general $12,966
-
24b · Other expenses: PROGRAM SERVICE CONTRIBUTIONS
total $75,886 · program services $75,886
-
24c · Other expenses: UTILITIES
total $17,235 · program services $9,482 · management and general $7,753
-
24d · Other expenses: MEETING
total $11,383 · program services $2,522 · management and general $8,861
-
24e · All other expenses
total $5,431 · program services $2,961 · management and general $2,470
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $654,729 · end of year $564,827
-
2 · Savings and temporary cash investments
beginning of year $109,041 · end of year $113,483
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $98,239 · end of year $113,712
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$795,366
-
10b · Land, buildings and equipment: accumulated depreciation
$505,210
-
10c · Land, buildings and equipment, net
beginning of year $332,670 · end of year $290,156
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $26,923 · end of year $30,842
-
17 · Accounts payable and accrued expenses
beginning of year $20,449 · end of year $1,475
-
19 · Deferred revenue
beginning of year $2,650 · end of year $2,650
-
25 · Other liabilities
beginning of year $63,859 · end of year $73,923
-
27 · Net assets without donor restrictions
beginning of year $692,933 · end of year $631,333
-
28 · Net assets with donor restrictions
beginning of year $441,711 · end of year $403,639
Mission and programs · 2024
Mission
PROMOTE BEEF & BEEF PRODUCTS BY MEDIA, PROMOTION & ADVERTISING, TRADE SHOWS, CONVENTIONS & SEMINARS
-
TO EFFECTIVELY MAINTAIN AND BUILD DEMAND FOR BEEF IN TENNESSEE, NATIONALLY, AND INTERNATIONALLY BY SUPPORTING AND EXTENDING STATE AND NAITONAL MARKET DEVELOPMENT PROGRAMS. THEREBY, ASSISTING U.S. BEEF INDUSTRY PARTICIPANTS TO PROSPER AMID GROWING GLOBAL COMPETITION BY SOLIDIFYING BEEF'S POSITION AS THE WORLDS MOST PREFERED PROTEIN THROUGH:(1) PROVIDING INFORMATION AT TENNESSEE DIETETICS ASSOCIATION COVENTION AND OTHER HEALTH FOCUSED MEETINGS, PROVIDING TRAINING, EDUCATIONAL KITS, AND OTHER RESOURCES TO HEALTH COORDINATORS AND GRADUATION EDUCATORS, PROVIDING HEALTH FOOD EDITORS AND PROFEESIONALS WITH RESOURCES ABOUT CONSUMER BEEF INFO, CREATE SCHOOL FOOD SERVICE OPPORTUNITIES FOR BEEF PROMOTION, AND AG IN CLASSROOM TRAINING,INFO TO TEACHERS TO USE IN CLASSROOMS TO PROMOTE HEALTHY EATING HABITS, AND COUNTY FARM FIELD DAYS FOR CHILDREN.(2) PROMOTE RETAIL/FOOD SERVICE THROUTH SPONSOR UT BEEF DAT WITH RADIO ADS AND WORK TO ENGAGE CHEFS AND CULINARY SCHOOLS WITH INFORMATIVE EDUCATIONAL MATERIALS AND EVENTS.(3)PROVIDE INDUSTRY RELATIONS THROUGH BEEF DAYS WITH INDUSTRY AND CONSUMER GROUPS, YEAR END BUYERS CARDS SUPPLIES TO STOCK YARDS, MONITOR STATE AND NATIONAL INDUSTRY ISSUES AND RESPOND TO LOCAL MEDIA WITH CURRENT AND FACTUAL INFO, RELAY LOCCAL ISSUES TO NCBA, UPDATE TBIC DIRECTORS AND INDUSTRY LEADERS TO CURRENT ISSUES AND RELAY UNIFIED INDUSTRY MESSAGES, AND INFORM INDUSTRY ORGANIZATIONS AND INDIVIDUAL PRODUCERS ABOUT THE BEEF CHECKOFF PROGRAM THROUGH PRESS RELEASES, NEWS LETTERS, AND ANNUAL REPORTS.(4) WORK WITH INDUSTRY PARTNERS TO ESTABLISH EDUCATION AND OUTREACH PROGRAMS USING BEEF AMBASSADOR, MASTERS OF BEEF ADVOCACY, AND SOCIAL MEDIA(5) PARTICIPATE IN CONSUMER EXHIBITS, PROMOTIONS, TRADE SHOWS, AND EVENTS THAT MAXMIZE VISIBILITY AND EDUCAITONAL OPPORTUNITIES FOR BEEF INFORMATION.(6) HOST 4-6 COOKING CLASSES/DEMONSTRATIONS IN DEMO KITCHEN FOR COMMUNITY AND SPECIAL GROUPS.(7) HOST GUEST CHEF APPEARANCES IN DEMO KITCHEN AND POST ON WEBSITE.(8) PURCHASE AND DISTRIBUTE CONSUMER INFORMATION AND GIVE-A-AWAYS (RECIPES,COOKBOOKS, CAPS, APRONS, CUTTING BOARDS, STICKERS, ETC)(9) PROMOTE JULY BEEF MONTH TO HIGHLIGHT BEEF'S POSITIVE ROLE IN A HEALTHY DIET
As filed on the 2024 return.
Listed in Part VII
-
VALERIE BASS
Executive Dir.
- Total calculated
- $151,992
- From this org
- $111,774
- From related orgs
- $0
- Other
- $40,218
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $111,774
- Bonus
- not reported
- Other
- not reported
- Deferred
- $4,785
- Nontaxable benefits
- $35,433
- Filer's total
- $151,992
-
PATTERSON FREEMAN
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1.5
-
TOM BARNETT
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
JOHN BRADLEY
Treasurer
- Total calculated
- $0
- Hours/week
- 1.5
-
JAY YEARGIN
Secretary
- Total calculated
- $0
- Hours/week
- 1.5
-
RICHARD BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER HOUSTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JIM LIGON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DUSTIN PEARSON
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
MARTY GAMBEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
AARON LOY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BOBBY MILIAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JARED FRANKLIN
BOARD MEMBER
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
BEEF EDUCATION & ENHANCEMENT FOUNDATION
501 (C) (3) · EDUCATE ABOUT PREP & RAISING BEEF · TN
Directly controlled by TENNESSEE BEEF INDUSTRY COUNCIL INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
BEEF EDUCATION & ENHACEMENT FOUNDATION
EDUCATE ABOUT BEEF · TN
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 February 2026
- IRS schema version
- 2024v5.2
- Source object
- 202640489349302054
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