Indiana Beef Cattle Association Inc
- Assets
- $848.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 19
- Location
- Indianapolis, IN
- Founding
- 09/1965
- Data as of
- 03/2023
- EIN
- 35-6244416
Organization Overview
Indiana Beef Cattle Association Inc is located in Indianapolis, IN. The organization was established in 1965. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 03/2023, Indiana Beef Cattle Association Inc employed 19 individuals. This organization is the central organization for a national or regional group of organizations. Indiana Beef Cattle Association Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 03/2023, Indiana Beef Cattle Association Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.1m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE INDIANA BEEF CATTLE ASSOCIATION WILL BUILD A BETTER BEEF INDUSTRY AND STRONGER COMMUNITIES BY FORGING PARTNERSHIPS TO ENHANCE PROFITABILITY, PROTECT THE ENVIRONMENT AND INCREASE CONSUMER DEMAND FOR A SAFE AND HEALTHY BEEF PRODUCT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP ACTIVITY HANDLES ALL MATTERS OF MEMBERSHIP AND DIRECTS ACTIVITIES OF THE NATIONAL ASSOCIATION, WHICH INCLUDES MEETINGS, CONVENTIONS, AND FUNDRAISING.
THE ASSOCIATION'S FUNCTIONS INCLUDE PROMOTING EDUCATIONAL MATERIALS, CONDUCTING MEETINGS AND STAGING EVENTS DESIGNED TO PROMOTE THE BEEF CATTLE INDUSTRY AMONG ITS MEMBERS THROUGHOUT THE STATE. THE VAST MAJORITY OF MEMBERS ARE BEEF CATTLE FARMERS AND OTHERS INVOLVED IN INDIANA'S BEEF CATTLE INDUSTRY. THE ASSOCIATION PROMOTES THE BEEF CATTLE INDUSTRY TO YOUTH THROUGH EVENTS FOR 4H, AND HAS A LARGE PRESENCE AT THE INDIANA STATE FAIR EACH YEAR, INCLUDING FOOD BOOTHS, DEMONSTRATIONS AND COMPETITIONS.
INDIANA BEEF COUNCIL FUNCTIONS INCLUDE RESEARCH, INFORMATION, EDUCATION, AND PROGRAMS THAT PROMOTE THE CONSUMPTION OF BEEF. THE COUNCIL ADDRESSES PUBLIC CONCERNS ABOUT SAFETY, AND CONTINUALLY SEEKS TO BUILD MARKET THROUGH PROMOTION OF BEEF'S ROLE IN THE DIET.
THE ASSOCIATION'S FUNCTIONS INCLUDE EDUCATION, MEETINGS AND EVENTS DESIGNED TO PROMOTE THE BEEF CATTLE INDUSTRY AMONG MEMBERS THROUGHOUT THE STATE. THE VAST MAJORITY OF MEMBERS ARE BEEF CATTLE FARMERS AND OTHERS INVOLVED IN INDIANA'S BEEF CATTLE INDUSTRY. THE ASSOCIATION PROMOTES THE BEEF CATTLE INDUSTRY TO YOUTH THROUGH EVENTS FOR 4H, AND HAS A LARGE PRESENCE AT THE INDIANA STATE FAIR EACH YEAR, INCLUDING FOOD BOOTHS, DEMONSTRATIONS AND COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Duncan President | OfficerTrustee | 10 | $0 |
Jeff Sherfield President-Elect | OfficerTrustee | 10 | $0 |
Kelley Sheiss Vice President | OfficerTrustee | 10 | $0 |
Andrew Stewart Treasurer | OfficerTrustee | 15 | $0 |
Jennie Hodgen Ppromotion Chair | OfficerTrustee | 10 | $0 |
Tim Schwab Membership Chair | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $71,340 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,340 |
| Total Program Service Revenue | $998,348 |
| Investment income | $40 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,070 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,083,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,869 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,411 |
| Pension plan accruals and contributions | $2,557 |
| Other employee benefits | $11,986 |
| Payroll taxes | $17,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,669 |
| Advertising and promotion | $1,986 |
| Office expenses | $5,846 |
| Information technology | $3,776 |
| Royalties | $0 |
| Occupancy | $45,792 |
| Travel | $5,660 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $137,849 |
| Interest | $8,958 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,649 |
| Insurance | $8,678 |
| All other expenses | $25,068 |
| Total functional expenses | $1,111,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $701,817 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,311 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,984 |
| Net Land, buildings, and equipment | $3,355 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,666 |
| Total assets | $848,133 |
| Accounts payable and accrued expenses | $64,918 |
| Grants payable | $0 |
| Deferred revenue | $16,001 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,031 |
| Total liabilities | $142,950 |
| Net assets without donor restrictions | $566,108 |
| Net assets with donor restrictions | $139,075 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $848,133 |