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Nonprofiteer
← NATIONAL PORK PRODUCERS COUNCIL

Form 990 for tax year 2023

Filed by NATIONAL PORK PRODUCERS COUNCIL.

Totals

Total revenue
$24,901,324
Total expenses
$24,796,933
Contributions and grants received
$17,929,678
Grants paid
$25,000
Program service revenue
$5,695,839
Investment income
$760,486
Other revenue
$515,321
Total assets, end of year
$40,393,726
Total liabilities, end of year
$3,366,457
Net assets or fund balances, end of year
$37,027,269
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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

    $17,929,678

  • 2a · Program service revenue: TRADE SHOWS

    total $3,388,463 · unrelated business $173,186 · excluded $3,215,277

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $2,264,932 · related or exempt $2,264,932

  • 2c · Program service revenue: PROGRAM FUNDING

    total $42,444 · related or exempt $42,444

  • 3 · Investment income

    total $1,021,121 · excluded $1,021,121

  • 6a · Gross rents

    real property $504,980

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $504,980

  • 6d · Net rental income or loss

    total $504,980 · excluded $504,980

  • 7a · Gross sales of assets other than inventory

    securities $25,345,822

  • 7b · Less cost or other basis and sales expenses

    securities $25,606,457

  • 7c · Gain or loss

    securities -$260,635

  • 7d · Net gain or loss

    total -$260,635 · excluded -$260,635

  • 8a · Fundraising events: gross income

    $22,495

  • 8b · Fundraising events: direct expenses

    $12,154

  • 8c · Net income from fundraising events

    total $10,341 · excluded $10,341

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $25,000

  • 5 · Compensation of officers, directors and key employees

    total $463,425

  • 7 · Other salaries and wages

    total $4,802,210

  • 8 · Pension plan contributions

    total $235,131

  • 9 · Other employee benefits

    total $217,578

  • 10 · Payroll taxes

    total $392,796

  • 11b · Fees: legal

    total $66,006

  • 11f · Fees: investment management

    total $105,363

  • 11g · Fees: other

    total $1,918,746

  • 12 · Advertising and promotion

    total $90,523

  • 13 · Office expenses

    total $229,696

  • 14 · Information technology

    total $375,364

  • 16 · Occupancy

    total $556,526

  • 17 · Travel

    total $920,447

  • 19 · Conferences, conventions and meetings

    total $3,090,157

  • 21 · Payments to affiliates

    total $6,561,462

  • 22 · Depreciation, depletion and amortization

    total $88,488

  • 23 · Insurance

    total $153,573

  • 24a · Other expenses: TAXES

    total $20,026

  • 24b · Other expenses: PUBLIC POLICY

    total $2,904,544

  • 24c · Other expenses: COMMUNICATION

    total $1,167,272

  • 24d · Other expenses: MEMBERSHIP DUES AND SUB

    total $266,387

  • 24e · All other expenses

    total $146,213

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $278,342 · end of year $261,977

  • 2 · Savings and temporary cash investments

    beginning of year $987,003 · end of year $1,488,062

  • 4 · Accounts receivable

    beginning of year $1,194,958 · end of year $995,267

  • 9 · Prepaid expenses and deferred charges

    beginning of year $242,272 · end of year $324,945

  • 10a · Land, buildings and equipment: cost or other basis

    $4,465,354

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,554,064

  • 10c · Land, buildings and equipment, net

    beginning of year $726,533 · end of year $911,290

  • 11 · Investments: publicly traded securities

    beginning of year $30,214,001 · end of year $31,328,505

  • 12 · Investments: other securities

    beginning of year $2,575,886 · end of year $3,077,869

  • 15 · Other assets

    beginning of year $1,984,871 · end of year $2,005,811

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,985,418 · end of year $1,271,796

  • 19 · Deferred revenue

    beginning of year $83,674 · end of year $12,465

  • 25 · Other liabilities

    beginning of year $2,050,557 · end of year $2,082,196

  • 27 · Net assets without donor restrictions

    beginning of year $34,084,217 · end of year $37,027,269

Mission and programs · 2023

Mission

ENHANCE OPPORTUNITIES FOR THE SUCCESS OF THE U.S. PORK INDUSTRY BY AFFECTING LAWS AND REGULATIONS, DEVELOPING AND MAINTAINING EXPORT MARKETS, AND EDUCATING PRODUCERS AND THE PUBLIC ON INDUSTRY ISSUES.

Activities or mission (Part I)

ENHANCE OPPORTUNITIES FOR THE SUCCESS OF THE U.S. PORK INDUSTRY BY AFFECTING LAWS AND REGULATIONS.

  • MONITOR GOVERNMENT ACTIVITIES AND TO INTERACT WITH DEVELOPMENT OF LAWS AND REGULATIONS AFFECTING PORK PRODUCERS.

  • DEVELOP AND MAINTAIN INTERNATIONAL MARKETS FOR THE US PORK INDUSTRY

  • EDUCATE PORK INDUSTRY PARTICIPANTS AND THE GENERAL PUBLIC ON ISSUES CONCERNING THE PORK INDUSTRY.

As filed on the 2023 return.

Listed in Part VII

  • Terry Wolters

    PAST PRESIDENT

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Scott Hays

    PRESIDENT

    Total calculated
    $32,000
    From this org
    $32,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Lori Stevermer

    PRESIDENT ELECT

    Total calculated
    $26,500
    From this org
    $26,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Duane Stateler

    VICE PRESIDENT

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Craig Andersen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Rob Brenneman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Craig Edsill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Francis Forst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Patrick Hord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Robert Ivey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Steve Malakowsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Todd Marotz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dwight Mogler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jeremy Pittman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jeb Stevens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Russell Vering

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Bryan Humphreys

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $362,925
    From this org
    $330,000
    From related orgs
    $0
    Other
    $32,925
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $330,000
    Bonus
    $0
    Other
    $0
    Deferred
    $23,097
    Nontaxable benefits
    $9,828
    Filer's total
    $362,925

  • Michael Formica

    CHIEF LEGAL STRATEGIST

    Total calculated
    $368,220
    From this org
    $323,500
    From related orgs
    $0
    Other
    $44,720
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $321,300
    Bonus
    $2,200
    Other
    $0
    Deferred
    $22,601
    Nontaxable benefits
    $22,119
    Filer's total
    $368,220

  • Maria Zieba

    VP OF GOVERNMENT AFFAIRS

    Total calculated
    $299,509
    From this org
    $267,517
    From related orgs
    $0
    Other
    $31,992
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $265,217
    Bonus
    $2,300
    Other
    $0
    Deferred
    $18,453
    Nontaxable benefits
    $13,539
    Filer's total
    $299,509

  • Annemarie Pender

    ASST VP OF MARKETING/COMMUNICATIONS

    Total calculated
    $272,603
    From this org
    $247,275
    From related orgs
    $0
    Other
    $25,328
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $245,575
    Bonus
    $1,700
    Other
    $0
    Deferred
    $11,545
    Nontaxable benefits
    $13,783
    Filer's total
    $272,603

  • Kelly Cushman

    VP OF DOMESTIC AFFAIRS

    Total calculated
    $249,343
    From this org
    $243,750
    From related orgs
    $0
    Other
    $5,593
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $243,750
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,593
    Filer's total
    $249,343

  • Jeff Pigott

    VP OF INDUSTRY RELATIONS

    Total calculated
    $250,125
    From this org
    $231,700
    From related orgs
    $0
    Other
    $18,425
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $230,000
    Bonus
    $1,700
    Other
    $0
    Deferred
    $2,768
    Nontaxable benefits
    $15,657
    Filer's total
    $250,125

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
OFFICERS ARE ALLOWED TWO ACCOMPANIED TRIPS PER YEAR. OTHER DIRECTORS ARE ALLOWED ONE ACCOMPANIED TRIP PER YEAR.

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.

  • NATIONAL PORK PRODUCERS COUNCIL PORK PAC

    527 · POLITICAL ACTION COMMITTEE · IA · controlled entity

    Directly controlled by NATIONAL PORK PRODUCERS COUNCIL

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AMERICAN PORK EXPORT & TRADING CO

    C · PORK EXPORTS · IA · 100% owned · share of assets $575,779 · controlled entity

    Directly controlled by NATIONAL PORK PRODUCERS COUNCIL

Provenance

Return type
form_990
Tax year
2023
Filed
16 September 2024
IRS schema version
2023v5.1
Source object
202422789349301502

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