Tennessee Beef Industry Council Inc
- Assets
- $1.3m
- Revenue
- $840.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Murfreesboro, TN
- Founding
- 12/1988
- Data as of
- 09/2023
- EIN
- 62-1276303
Organization Overview
Tennessee Beef Industry Council Inc is located in Murfreesboro, TN. The organization was established in 1988. 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 09/2023, Tennessee Beef Industry Council Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Beef Industry Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Tennessee Beef Industry Council Inc generated $840.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $832.7k during the year ending 09/2023. While expenses have increased by 1.3% 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
PROMOTE BEEF & BEEF PRODUCTS BY MEDIA, PROMOTION & ADVERTISING, TRADE SHOWS, CONVENTIONS & SEMINARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INFORMATION FUNCTION:1) PROVIDE MATERIALS AT TENNESSEE DIETETICS ASSOCIATION CONVENTION AND OTHER HEATH FOCUSED MEETINGS2) PROVIDE TRAINING, EDUCATIONAL KITS AND OTHER RESOURCES TO HEALTH COORDINATORS, GRADUATING EDUCATORS, AND CONSUMERS3) PROVIDE HEALTH FOOD EDITORS/FOOD PROFESSIONALS WITH RESOURCES (PRESS RELEASES, TIMELY RECIPES) ABOUT CONSUMER BEEF INFORMATION4) CREATE SCHOOL FOODSERVICE OPPORTUNITIES FOR BEEF PROMOTION5) AG IN THE CLASSROOM TRAINING; PROMOTION THROUGH FARM BUREAU; PROVIDED TEACHING KITS TO TEACHERS TO USE IN THEIR CLASSES TO PROMOTE HEALTHY EATING HABITS6) COUNTY FARM FIELD DAYS FOR CHILDREN; PROVIDED EDUCATIONAL MATERIALS7) WORK WITH INDUSTRY PARTNERS TO ESTABLISH EDUCATION AND OUTREACH PROGRAMS USING BEEF AMBASSADOR, MASTERS OF BEEF ADVOCACY, AND SOCIAL MEDIA8) PARTICIPATE IN CONSUMER EXHIBITS, PROMOTIONS, TRADE SHOWS, AND EVENTS THAT MAXIMIZE VISIBILITY AND EDUCATIONAL OPPORTUNITIES FOR BEEF INFORMATION9) HOST 4-6 COOKING CLASSES/DEMONSTRATIONS IN DEMO KITCHEN FOR COMMUNITY AND SPECIAL GROUPS10) HOST GUEST CHEF APPEARANCES IN DEMO KITCHEN AND POST ON OUR WEBSITE11) PURCHASE AND DISTRIBUTE CONSUMER INFORMATION AND GIVE-A-WAYS (RECIPES, COOKBOOKS, CAPS, APRONS, CUTTING BOARDS, STICKERS, ETC.)12) PROMOTE JULY BEEF MONTH TO HIGHLIGHT BEEF'S POSITIVE ROLE IN A HEALTHY DIET
PROMOTION FUNCTION:RETAIL/FOODSERVICE1) SPONSOR UT BEEF DAY WITH RADIO ADS2) WORK TO ENGAGE CHEFS AND CULINARY SCHOOLS WITH INFORMATIVE EDUCATIONAL MATERIALS AND EVENTS
INDUSTRY RELATIONS:1) BEEF DAYS WITH INDUSTRY AND CONSUMER GROUPS2) YEAR-END BUYER'S CARDS SUPPLIES TO STOCK YARDS3) MONITOR STATE AND NATIONAL INDUSTRY ISSUES AND RESPOND TO LOCAL MEDIA WITH CURRENT AND FACTUAL INFORMATION AS NECESSARY. RELAY LOCAL ISSUES TO NCBA. 4) UPDATE TBIC DIRECTORS AND INDUSTRY LEADERS TO CURRENT ISSUES AND RELAY UNIFIED INDUSTRY MESSAGES5) INFORM INDUSTRY ORGANIZATIONS AND INDIVIDUAL PRODUCERS ABOUT THE BEEF CHECKOFF PROGRAM THROUGH PRESS RELEASES, NEWSLETTERS, AND ANNUAL REPORTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patterson Freeman Board Member, Chairman | OfficerTrustee | 1.5 | $0 |
Tom Barnett Board Member, Vice Chairman | OfficerTrustee | 1.5 | $0 |
Zane Vanover Board Member, Treasurer | OfficerTrustee | 1.5 | $0 |
Jay Yeargin Board Member, Secretary | OfficerTrustee | 1.5 | $0 |
John Bradley Board Member | Trustee | 1 | $0 |
Jennifer Houston Board Member | Trustee | 1 | $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 | $787,375 |
| Investment income | $8,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,752 |
| Net Gain/Loss on Asset Sales | $22,611 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $840,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,000 |
| 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. | $149,601 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,015 |
| Pension plan accruals and contributions | $7,076 |
| Other employee benefits | $13,058 |
| Payroll taxes | $20,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,402 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,677 |
| Advertising and promotion | $149,033 |
| Office expenses | $23,684 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,260 |
| Travel | $28,622 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,929 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,026 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $832,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $645,022 |
| Savings and temporary cash investments | $104,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,733 |
| 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 | $0 |
| Net Land, buildings, and equipment | $375,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,468 |
| Total assets | $1,270,172 |
| Accounts payable and accrued expenses | $760 |
| Grants payable | $0 |
| Deferred revenue | $2,650 |
| 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 | $74,920 |
| Total liabilities | $78,330 |
| Net assets without donor restrictions | $1,191,842 |
| 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 | $1,270,172 |