Colorado Sugarbeet Growers Association
- Assets
- $344.9k
- Revenue
- $125.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Sterling, CO
- Founding
- 02/1955
- Data as of
- 10/2023
- EIN
- 84-0272945
Organization Overview
Colorado Sugarbeet Growers Association is located in Sterling, CO. The organization was established in 1955. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is the central organization for a national or regional group of organizations. Colorado Sugarbeet Growers 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 10/2023, Colorado Sugarbeet Growers Association generated $125.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $113.5k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 4 years. 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
AID AND ASSIST GROWERS OF SUGARBEETS IN PRODUCTION, HARVESTING AND MARKETING OF SUGARBEETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE GENERAL WELFARE OF 142 MEMBER SUGARBEET GROWERS THROUGH ASSISTANCE IN & ENCOURAGEMENT OF PRODUCTION & MARKETING OF SUGARBEET PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Breidenbach President | OfficerTrustee | 2 | $2,158 |
Timothy Frank Vice Preside | OfficerTrustee | 2 | $0 |
Alvin Whitman Jr Secretary/tr | OfficerTrustee | 2 | $2,503 |
David Rupple Director | Trustee | 2 | $1,814 |
Frank Echardt Jr Director | Trustee | 2 | $1,081 |
Paul Schlagel Director | Trustee | 10 | $30,975 |
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 | $114,392 |
| Investment income | $9,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,521 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,842 |
| 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 | $0 |
| Fees for services: Legal | $1,485 |
| Fees for services: Accounting | $7,466 |
| Fees for services: Lobbying | $15,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $42 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,156 |
| All other expenses | $25,087 |
| Total functional expenses | $113,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,088 |
| Savings and temporary cash investments | $255,917 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,853 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $344,858 |
| Accounts payable and accrued expenses | $7,295 |
| 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 | $7,295 |
| Net assets without donor restrictions | $337,563 |
| 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 | $344,858 |