Beet Sugar Development Foundation
- Assets
- $2.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Denver, CO
- Founding
- 02/1947
- Data as of
- 03/2022
- 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 03/2022, Beet Sugar Development Foundation employed 23 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 03/2022, Beet Sugar Development Foundation generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.5m during the year ending 03/2022. 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
2022
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Murphy Exec Vp, Sec | OfficerTrustee | 40 | $122,598 |
Paul Pfenninger Exec Vp, Sec | OfficerTrustee | 40 | $62,322 |
David Garland Processing A | OfficerTrustee | 1 | $0 |
Jason Lowry Processing A | OfficerTrustee | 1 | $0 |
Derwood Brady Processing A | OfficerTrustee | 1 | $0 |
Greg Dean President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $645,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $655,350 |
| Total Program Service Revenue | $684,113 |
| Investment income | $35,191 |
| 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 | $1,379,671 |
| 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. | $191,040 |
| Compensation of current officers, directors, key employees. | $107,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $296,081 |
| Pension plan accruals and contributions | $8,408 |
| Other employee benefits | $14,642 |
| Payroll taxes | $18,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,258 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $387,483 |
| Advertising and promotion | $0 |
| Office expenses | $11,114 |
| Information technology | $7,362 |
| Royalties | $0 |
| Occupancy | $37,838 |
| Travel | $17,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,790 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,915 |
| Insurance | $6,546 |
| All other expenses | $0 |
| Total functional expenses | $1,498,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,514 |
| Savings and temporary cash investments | $2,079,884 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,441 |
| 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 | $17,979 |
| Net Land, buildings, and equipment | $4,444 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,212,262 |
| Accounts payable and accrued expenses | $31,606 |
| 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 | $31,606 |
| Net assets without donor restrictions | $366,278 |
| Net assets with donor restrictions | $1,814,378 |
| 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 | $2,212,262 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Beet Sugar Development Foundation has recieved totaling $50,725.
| Awarding Organization | Amount |
|---|---|
Western Sugar Co Grower Research Committee Inc Scottsbluff, NE PURPOSE: CROP RESEARCH | $27,000 |
Sugarbeet Research & Education Board Of Minnesota & North Dakota Fargo, ND PURPOSE: AGRICULTURAL RESEARC | $23,725 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas Farm Bureau Manhattan, KS | $113,719,164 | $13,754,272 |
Arabian Horse Association Aurora, CO | $7,104,818 | $11,582,764 |
Nebraska Farm Bureau Federation Lincoln, NE | $6,162,256 | $5,536,938 |
Oklahoma Beef Industry Council Oklahoma City, OK | $1,793,159 | $4,382,142 |
Utah Farm Bureau Federation Sandy, UT | $9,901,276 | $4,013,704 |
Oklahoma Farm Bureau Oklahoma City, OK | $8,003,779 | $5,177,259 |
Nebraska Beef Council Kearney, NE | $3,014,074 | $3,736,619 |
Wool Trust Foundation Centennial, CO | $2,341,215 | $3,264,496 |
United Food And Commercial Workers International Union Crete, NE | $994,510 | $2,745,079 |
Pinto Horse Association Of America Bethany, OK | $2,820,535 | $3,433,110 |
Arizona Farm Bureau Federation Gilbert, AZ | $12,596,150 | $2,905,635 |
Nebraska Cattlemen Inc Lincoln, NE | $2,949,747 | $2,219,046 |