Beet Sugar Development Foundation
- Assets
- $2.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 19
- Location
- Denver, CO
- Founding
- 02/1947
- Data as of
- 03/2024
- EIN
- 84-0406810
Organization Overview
Beet Sugar Development Foundation is located in Denver, CO. The organization was established in 1947. 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 03/2024, Beet Sugar Development Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beet Sugar Development Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2024, Beet Sugar Development Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.5m during the year ending 03/2024. While expenses have increased by 2.4% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE BEET SUGAR DEVELOPMENT FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF BEET SUGAR PRODUCTION THROUGH RESEARCH, EDUCATION, AND PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTS SCHOOLS ON BEET SUGAR TECHNOLOGY, RUNS BEET DISEASE RESEARCH NURSERIES, AND FUNDS BEET TECHNOLOGY RESEARCH PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Murphy Exec Vp/sec/ | OfficerTrustee | 40 | $142,850 |
Tyler Grove President | OfficerTrustee | 2 | $0 |
Mike Metzger 1st Vice Pre | OfficerTrustee | 2 | $0 |
Scott Winn 2nd Vice Pre | OfficerTrustee | 2 | $0 |
Greg Dean Member | Trustee | 2 | $0 |
Steve Rosenau Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $775,936 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $785,936 |
| Total Program Service Revenue | $746,969 |
| Investment income | $65,094 |
| 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 | $1,600,482 |
| 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. | $205,805 |
| Compensation of current officers, directors, key employees. | $142,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $240,962 |
| Pension plan accruals and contributions | $7,066 |
| Other employee benefits | $0 |
| Payroll taxes | $20,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65,359 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $112,608 |
| Advertising and promotion | $0 |
| Office expenses | $12,870 |
| Information technology | $13,276 |
| Royalties | $0 |
| Occupancy | $43,533 |
| Travel | $20,653 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,190 |
| Interest | $1,310 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,148 |
| Insurance | $6,995 |
| All other expenses | $0 |
| Total functional expenses | $1,506,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,554 |
| Savings and temporary cash investments | $2,348,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,847 |
| 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 | $26,369 |
| Net Land, buildings, and equipment | $18,673 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,679 |
| Total assets | $2,639,758 |
| Accounts payable and accrued expenses | $60,245 |
| 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 | $77,811 |
| Total liabilities | $138,056 |
| Net assets without donor restrictions | $406,334 |
| Net assets with donor restrictions | $2,095,368 |
| 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 | $2,639,758 |