National Cattlemens Beef Association Inc
- Assets
- $37.3m
- Revenue
- $54.9m
- Investments
- $0.0
- Employees
- 174
- Location
- Centennial, CO
- Founding
- 04/2001
- Data as of
- 09/2023
- EIN
- 84-0738973
Organization Overview
National Cattlemens Beef Association Inc is located in Centennial, CO. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, National Cattlemens Beef Association Inc employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Cattlemens Beef Association 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, National Cattlemens Beef Association Inc generated $54.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $55.1m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 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
TO SERVE THE BEEF INDUSTRY BY IMPROVING THE BUSINESS CLIMATE AND GROWING GLOBAL BEEF DEMAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO WORK TO INCREASE PROFIT OPPORTUNITIES FOR CATTLE AND BEEF PRODUCERS BY ENHANCING THE BUSINESS CLIMATE AND BUILDING CONSUMER DEMAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Wilkinson President | OfficerTrustee | 1 | $0 |
Mark Eisele President Elect | OfficerTrustee | 1 | $0 |
Buck Wehrbein Vice President | OfficerTrustee | 1 | $0 |
Gene Copenhaver Chair Policy | OfficerTrustee | 1 | $0 |
Tim Schwab Vice Chair Policy | OfficerTrustee | 1 | $0 |
Clark Price Chair Federation | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Google Inc Promotion | 9/29/23 | $1,551,276 |
Rush Wade 2 Inc Promotion | 9/29/23 | $1,091,868 |
Service America Corporation Event Services | 9/29/23 | $815,288 |
Freeman Event Services | 9/29/23 | $1,260,151 |
Ventura Growth Llc Promotion | 9/29/23 | $830,406 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,418,050 |
| 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 | $6,418,050 |
| Total Program Service Revenue | $47,113,459 |
| Investment income | $723,378 |
| 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 | $230,221 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,881,383 |
| 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. | $1,810,610 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,707,673 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,771,687 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $465,218 |
| Fees for services: Accounting | $121,043 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,694,478 |
| Advertising and promotion | $0 |
| Office expenses | $736,172 |
| Information technology | $376,372 |
| Royalties | $0 |
| Occupancy | $1,527,902 |
| Travel | $2,118,010 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,668,926 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $346,995 |
| Insurance | $126,830 |
| All other expenses | $0 |
| Total functional expenses | $55,109,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,621,923 |
| Savings and temporary cash investments | $19,266,480 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,020,798 |
| 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 | $658,568 |
| Net Land, buildings, and equipment | $740,113 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,006,819 |
| Total assets | $37,314,701 |
| Accounts payable and accrued expenses | $6,010,082 |
| Grants payable | $0 |
| Deferred revenue | $5,531,812 |
| 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 | $3,785,062 |
| Total liabilities | $15,326,956 |
| Net assets without donor restrictions | $21,987,745 |
| 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 | $37,314,701 |