Texas Beef Council
- Assets
- $7.0m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 24
- Location
- Austin, TX
- Founding
- 07/1987
- Data as of
- 09/2023
- EIN
- 74-2437837
Organization Overview
Texas Beef Council is located in Austin, TX. The organization was established in 1987. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 09/2023, Texas Beef Council employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Beef 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 09/2023, Texas Beef Council generated $5.4m 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 $5.0m during the year ending 09/2023. 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
TO PLAN, IMPLEMENT AND CONDUCT PROGRAMS OF PROMOTION, RESEARCH, CONSUMER INFORMATION AND INDUSTRY INFORMATION DESIGNED TO STRENGTHEN THE BEEF INDUSTRY'S MARKET POSITION IN TEXAS AND NATIONALLY AND TO MAINTAIN AND EXPAND DOMESTIC AND FOREIGN MARKETS AND USES FOR BEEF AND BEEF PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOMESTIC MARKETING - TO EXPAND CONSUMER BEEF KNOWLEDGE THROUGH PROGRAMS DESIGNED TO PROMOTE ITS NUTRITIONAL BENEFITS AND TO HELP BUILD STRONG MARKETS FOR BEEF PRODUCTS BY DEVELOPING AND COORDINATING THE USE OF AVAILABLE PROMOTION RESOURCES.
BEEF QUALITY - TO PROMOTE AN EFFECTIVE BEEF QUALITY IMPROVEMENT PROGRAM AND TO INCREASE THE INVOLVEMENT AND COOPERATION OF ALL SEGMENTS OF THE INDUSTRY IN THIS PROGRAM.
EXPORT MARKET DEVELOPMENT - TO BUILD STRONG AND PROFITABLE MARKETS FOR BEEF PRODUCTS, DOMESTIC AND FOREIGN, BY DEVELOPING AND COORDINATING THE USE OF AVAILABLE PROMOTION RESOURCES.
PRODUCER COMMUNICATION - TO EDUCATE PRODUCERS AND OTHER ORGANIZATIONS IN THE BEEF INDUSTRY OF CURRENT DEVELOPMENTS INVOLVING BEEF AND BEEF PRODUCTS AND THE BEEF CHECKOFF PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Mcdowell Chairman | OfficerTrustee | 1 | $0 |
Chloe Wilson Director (until Aug. 2023) | Trustee | 1 | $0 |
Amy Kirkland Director | Trustee | 1 | $0 |
Fred Schuetze Vice Chairman | OfficerTrustee | 1 | $0 |
Dan Gattis Director (until Aug. 2023) | Trustee | 1 | $0 |
Brandi Richards Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Texhahn Media Inc Public Relations | 9/29/23 | $1,042,270 |
Axxelus Healthcare Communications | 9/29/23 | $777,024 |
Swanson Russell Public Relations | 9/29/23 | $356,274 |
203 Ventures Inc Website Development | 9/29/23 | $167,429 |
Vivayic Inc Online Training Platform Development | 9/29/23 | $131,024 |
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 | $5,271,045 |
| Investment income | $135,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,013 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,420,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,842 |
| 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. | $147,985 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $437,905 |
| Pension plan accruals and contributions | $19,827 |
| Other employee benefits | $83,978 |
| Payroll taxes | $41,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $464,670 |
| Advertising and promotion | $361,079 |
| Office expenses | $37,644 |
| Information technology | $21,467 |
| Royalties | $0 |
| Occupancy | $44,520 |
| Travel | $71,963 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,290 |
| Interest | $0 |
| Payments to affiliates | $3,038,500 |
| Depreciation, depletion, and amortization | $33,384 |
| Insurance | $7,140 |
| All other expenses | $1,099 |
| Total functional expenses | $4,981,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $781,615 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,131,318 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $454,400 |
| Prepaid expenses and deferred charges | $200,344 |
| Net Land, buildings, and equipment | $1,297,758 |
| Investments—publicly traded securities | $2,106,476 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,971,911 |
| Accounts payable and accrued expenses | $877,132 |
| 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 | $2,352,295 |
| Total liabilities | $3,229,427 |
| Net assets without donor restrictions | $3,742,484 |
| 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 | $6,971,911 |