Iowa Beef Cattle Producers Association
- Assets
- $3.6m
- Revenue
- $3.5m
- Investments
- $258.6k
- Employees
- 6
- Location
- Ames, IA
- Founding
- 07/1952
- Data as of
- 09/2024
- EIN
- 42-0931773
Organization Overview
Iowa Beef Cattle Producers Association is located in Ames, IA. The organization was established in 1952. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 09/2024, Iowa Beef Cattle Producers Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Beef Cattle Producers Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2024, Iowa Beef Cattle Producers Association generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $3.5m during the year ending 09/2024. While expenses have increased by 9.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Iowa Beef Cattle Producers Association has awarded 109 individual grants totaling $11,006,238. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
EXPANDING CONSUMER DEMAND FOR BEEF, STRENGTHENING ITS POSITION IN THE GLOBAL MARKETPLACE (SCH O)AND IMPROVING PRODUCER PROFITABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEEF PROMOTION - NATIONAL. HELPS FUND NATIONAL BEEF PROMOTIONAL ACTIVITIES, BOTH DOMESTICALLY AND INTERNATIONALLY, THROUGH ORGANIZATIONS SUCH AS THE U.S. MEAT EXPORT FEDERATION, THE FEDERATION OF STATE BEEF COUNCILS, AND OTHERS.
BEEF PROMOTION - STATE. HELPS PROMOTE DEMAND FOR BEEF IN IOWA, DOMESTICALLY, AND INTERNATIONALLY THROUGH CONSUMER ADVERTISING, RETAIL AND FOOD SERVICE PROMOTIONS, EDUCATIONAL AND OTHER PROGRAMS.
PRODUCER COMMUNICATION. COMMUNICATES CHECKOFF-RELATED INFORMATION TO BEEF PRODUCERS AND HELPS KEEP THEM INFORMED ABOUT RELATED PROGRAMS AND ACTIVITIES OF THE INVESTMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Hanrahan Chair | OfficerTrustee | 2 | $0 |
Jenni Birker Vice Chair | OfficerTrustee | 2 | $0 |
Kent Musfeldt Secretary | OfficerTrustee | 2 | $0 |
Corrine Rowe Treasurer | OfficerTrustee | 2 | $0 |
Scott Cherne At Large Director | OfficerTrustee | 2 | $0 |
Grant Potadle Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,391,813 |
| Investment income | $121,623 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,513,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,667,703 |
| 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. | $131,517 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $338,907 |
| Pension plan accruals and contributions | $9,076 |
| Other employee benefits | $36,817 |
| Payroll taxes | $38,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $539 |
| Fees for services: Accounting | $16,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $414,722 |
| Office expenses | $1,099 |
| Information technology | $6,372 |
| Royalties | $0 |
| Occupancy | $53,849 |
| Travel | $93,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,384 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,572 |
| Insurance | $12,532 |
| All other expenses | $147,075 |
| Total functional expenses | $3,537,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,896,105 |
| Savings and temporary cash investments | $1,042,891 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,450 |
| 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 | $3,833 |
| Net Land, buildings, and equipment | $64,459 |
| Investments—publicly traded securities | $225,238 |
| Investments—other securities | $258,561 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,866 |
| Total assets | $3,560,403 |
| Accounts payable and accrued expenses | $19,322 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $247,066 |
| Total liabilities | $266,388 |
| Net assets without donor restrictions | $3,294,015 |
| Net assets with donor restrictions | $0 |
| 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 | $3,560,403 |
Grants Awarded
Over the last fiscal year, Iowa Beef Cattle Producers Association has awarded $1,667,703 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CATTLEMEN'S BEEF ASSOCIATION PURPOSE: PROMOTION OF BEEF | $332,800 |
COALITION TO SUPPORT IOWA FARMERS PURPOSE: SUPPORT FOR PROGRAMS | $40,500 |
IOWA FARM ANIMAL CARE PURPOSE: SUPPORT FOR PROGRAMS | $20,000 |
IOWA SOYBEAN ASSOCIATION PURPOSE: SUPPORT FOR PROGRAMS | $38,000 |
FLORIDA BEEF COUNCIL PURPOSE: SUPPORT FOR PROGRAMS | $54,600 |
US MEAT EXPORT FEDERATION PURPOSE: BEEF RETAIL PROMOTIONS CONDUCTED INTERNATIONALLY | $397,200 |