Georgia Beef Board Inc
- Assets
- $583.4k
- Revenue
- $767.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Macon, GA
- Founding
- 03/1977
- Data as of
- 09/2023
- EIN
- 58-1280935
Organization Overview
Georgia Beef Board Inc is located in Macon, GA. The organization was established in 1977. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Beef Board 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 09/2023, Georgia Beef Board Inc generated $767.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $694.0k during the year ending 09/2023. While expenses have increased by 1.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PROMOTION AND DEVELOPMENT OF THE CATTLE INDUSTRY WITH RESPECT TO BEEF AND RELATED BEEF PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION - TO ADVANCE THE IMAGE AND DESIRABILITY OF BEEF, AND BEEF PRODUCTS WITH THE EXPRESS INTENT OF IMPROVING THE COMPETITIVE POSITION AND STIMULATING SALES OF BEEF IN MARKETS.
CONSUMER INFORMATION - TO PROVIDE NUTRITIONAL DATA AND OTHER INFORMATION TO ASSIST CUSTOMERS IN MAKING EVALUATIONS AND DECISIONS REGARDING THE PURCHASING, PREPARATION, AND USE OF BEEF.
PRODUCER COMMUNICATIONS - TO PROVIDE INFORMATION TO THE PRODUCERS CONCERNING PROGRAMS OR PROJECTS CARRIED OUT, AND THE UTILIZATION OF ASSESSMENT REVENUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Sandlin Executive VP | OfficerTrustee | 5 | $95,028 |
Betts Berry Vice-Chairman | OfficerTrustee | 1 | $0 |
Bill Bryan Director | Trustee | 1 | $0 |
Clay Floyd Director | Trustee | 0.5 | $0 |
Chuck Joiner Treasurer | OfficerTrustee | 1 | $0 |
Robert Fountain Jr Chairman | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,132 |
| 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 | $95,132 |
| Total Program Service Revenue | $666,477 |
| Investment income | $3,493 |
| 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 | $767,898 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $139,683 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,620 |
| Advertising and promotion | $0 |
| Office expenses | $41,302 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $775 |
| Interest | $0 |
| Payments to affiliates | $367,980 |
| Depreciation, depletion, and amortization | $4,560 |
| Insurance | $5,565 |
| All other expenses | $0 |
| Total functional expenses | $693,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,232 |
| Savings and temporary cash investments | $355,132 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,976 |
| 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 | $2,563 |
| Net Land, buildings, and equipment | $22,467 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $583,370 |
| Accounts payable and accrued expenses | $25,364 |
| 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 | $8,941 |
| Total liabilities | $34,305 |
| Net assets without donor restrictions | $549,065 |
| 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 | $583,370 |