Oklahoma Beef Industry Council
- Assets
- $1.8m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Oklahoma City, OK
- Founding
- 04/1976
- Data as of
- 09/2021
- EIN
- 51-0165798
Organization Overview
Oklahoma Beef Industry Council is located in Oklahoma City, OK. The organization was established in 1976. 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 09/2021, Oklahoma Beef Industry Council employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Beef Industry Council is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2021, Oklahoma Beef Industry Council generated $4.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $4.5m during the year ending 09/2021. While expenses have increased by 1.9% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE VISION FOR THE OKLAHOMA BEEF COUNCIL IS TO BE A POSITVE DIFFERENCE FOR OKLAHOMA'S FARMING AND RANCHING FAMILIES AND THE GREATER BEEF COMMUNITY. THE MISSION OF THE OKLAHOMA BEEF COUNCIL IS TO STRENGTHEN BEEF DEMAND IN THE DOMESTIC AND GLOBAL MARKETPLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OKLAHOMA PROGRAMS ARE DESIGNED TO ENCHANCE BEEF'S IMAGE, WHILE ADVANCING THE DESIRABILITY OF BEEF AND BEEF PRODUCTS. THIS INCLUDES PROMOTION, CONSUMER INFORMATION, INDUSTRY INFORMATION AND RESEARCH. KEY EFFORTS IN 2021: THE OBC DEVELOPED MORE THAN 30 NEW PIECES OF VIDEO CONTENT AND REACHED OK CONSUMERS WITH DIGITAL MARKETING DRIVING 3.4 MILLION VIDEO VIEWS. THE OBC HOSTED A WEBINAR WITH 230 HEALTH AND NUTRITION PROFESSIONALS HIGHLIGHTING THE ROLE BEEF CAN PLAY IN THE DIETS OF INFANTS AND TODDLERS. MORE THAN 700 STUDENTS RECEIVED THEIR MASTERS OF BEEF ADVOCACY (MBA) IN 2021. OK IS THE LEADING STATE IN THE NATION FOR MBA GRADUATES. THROUGH 8 CONSUMER EVENTS, THE OBC PROVIDED BEEF RECIPES, INFORMATION AND SAMPLING IN 2021.
DOMESTIC PROGRAMS INCLUDING HIGH POPULATION/LOW CATTLE - THE OBC INVESTS IN NATIONAL PROGRAMS DESIGNED TO DRIVE AND ENHANCE THE DEMAND FOR BEEF. AS AN EXAMPLE, THE OBC PROVIDED FUNDING SUPPORT FOR A NINE-WEEK DIGITAL MARKETING CAMPAIGN IN KEY POPULATION CENTERS REPRESENTING 136 MILLION CONSUMERS. AS A RESULT, BEEF ADS WERE SEEN ALMOST 22 MILLION TIMES AND BEEF VIDEOS WERE VIEWED 11.8 MILLION TIMES. THE OBC ALSO SUPPORTED THE BEEF. IT'S WHAT'S FOR DINNER 300 DURING SPEEDWEEK AT THE DAYTONA INTERNATIONAL SPEEDWAY.
THE OBC INVESTS IN INTERNATIONAL PROGRAMS DESIGNED TO DRIVE AND ENHANCE THE DEMAND FOR BEEF. AS AN EXAMPLE, THE OBC SPONSORED FOOD SERVICE AND RETAIL US BEEF PROMOTIONS IN JAPAN AND SOUTH KOREA. ADDITIONALLY, IT FUNDED EDUCATIONAL EFFORTS FOR BEEF IN CHINA AND AFRICA. IN 2021, OBC FUNDED PROMOTIONS HELPED DRIVE 1.45 MILLION POUNDS OF US BEEF SALES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Buckmaster Executive Director | Officer | 40 | $95,100 |
Monte Tucker Vice Chairman | Trustee | 2 | $0 |
Melody Varner Sectretary/treasurer | Trustee | 2 | $0 |
Byron Yeoman Director | Trustee | 2 | $0 |
Becca Mcmillan Chairman | Trustee | 2 | $0 |
Chuck Coffey 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 | $4,380,575 |
| Investment income | $1,567 |
| 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 | $4,382,142 |
| 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. | $117,698 |
| Compensation of current officers, directors, key employees. | $21,162 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,348 |
| Pension plan accruals and contributions | $9,496 |
| Other employee benefits | $18,527 |
| Payroll taxes | $18,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,133 |
| Fees for services: Accounting | $88,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,391 |
| Advertising and promotion | $474,926 |
| Office expenses | $28,732 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,090 |
| Travel | $51,661 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,726 |
| Interest | $0 |
| Payments to affiliates | $3,052,387 |
| Depreciation, depletion, and amortization | $10,102 |
| Insurance | $10,912 |
| All other expenses | $13,743 |
| Total functional expenses | $4,475,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,185 |
| Savings and temporary cash investments | $862,506 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $523,498 |
| 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 | $44,463 |
| Net Land, buildings, and equipment | $18,507 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,793,159 |
| Accounts payable and accrued expenses | $609,605 |
| 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 | $0 |
| Total liabilities | $609,605 |
| Net assets without donor restrictions | $1,183,554 |
| 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 | $1,793,159 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Texas Farm Bureau Waco, TX | $1,072,770,797 | $25,839,501 |
Arkansas Farm Bureau Federation Little Rock, AR | $66,846,371 | $16,311,552 |
Kansas Farm Bureau Manhattan, KS | $113,719,164 | $13,754,272 |
Textile Exchange Lamesa, TX | $12,297,668 | $16,219,596 |
National Reined Cow Horse Association Pilot Point, TX | $5,326,422 | $10,193,097 |
Arabian Horse Association Aurora, CO | $7,104,818 | $11,582,764 |
Mclennan County Fair Inc Waco, TX | $8,076,032 | $10,500,101 |
Agricultural Development Fund Fort Worth, TX | $1,257,000 | $6,712,594 |
National Finance Credit Corp Of Tx Fort Worth, TX | $196,184,500 | $9,101,860 |
Missouri Corn Merchandising Council Jefferson City, MO | $10,685,301 | $5,612,300 |
Texas Quarter Horse Association Elgin, TX | $5,419,371 | $4,846,350 |