Beef Bank Colorado Inc
- Assets
- $213.6k
- Revenue
- $434.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Johnstown, CO
- Founding
- 10/2019
- Data as of
- 12/2023
- EIN
- 84-3363855
Organization Overview
Beef Bank Colorado Inc is located in Johnstown, CO. The organization was established in 2019. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beef Bank Colorado Inc 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 12/2023, Beef Bank Colorado Inc generated $434.9k in total revenue. All expenses for the organization totaled $359.0k during the year ending 12/2023. While expenses have increased by 109.0% per year over the past 5 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.
Since 2020, Beef Bank Colorado Inc has awarded 29 individual grants totaling $764,612. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRODUCE AND DISTRIBUTE HIGH QUALITY BEEF STICKS TO COLORADO BACKPACK PROGRAMS THAT HELP FEED KIDS FACING FOOD INSECURITY ON THE WEEKENDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, BEEF BANK COLORADO DBA BEEF STICKS FOR BACKPACKS, DONATED 812,902 BEEF STICKS TO PROGRAMS/FOOD BANKS IN WELD, LARIMER, MORGAN, MESA, DENVER, ARAPAHOE, AND JEFFERSON COUNTIES THAT PROVIDE CHILDREN IN NEED WITH A FOOD-FILLED BACKPACK FOR THE WEEKENDS. THE BEEF STICKS ARE DISTRIBUTED WITH THE HELP OF FOOD BANKS AROUND THE STATE REACHING VARIOUS BACKPACK PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Levi Treasurer | Officer | 5 | $0 |
Shannon Levi President | Officer | 5 | $0 |
Dan Byers Secretary | Officer | 40 | $65,000 |
Alan Byers Board Member | Trustee | 2 | $0 |
Steve Drexler Board Member | Trustee | 2 | $0 |
Stephanie Gausch Board Member | Trustee | 2 | $0 |
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 | $417,251 |
| Noncash contributions included in lines 1a–1f | $12,026 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $417,251 |
| Total Program Service Revenue | $0 |
| Investment income | $836 |
| 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 | $16,835 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $434,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $276,386 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $9,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,973 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,052 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,277 |
| All other expenses | $0 |
| Total functional expenses | $359,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,518 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,748 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,626 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,887 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,784 |
| Total assets | $213,563 |
| Accounts payable and accrued expenses | $28,533 |
| 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 | $28,533 |
| Net assets without donor restrictions | $185,030 |
| 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 | $213,563 |
Grants Awarded
Over the last fiscal year, Beef Bank Colorado Inc has awarded $267,716 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CARE & SHARE PURPOSE: CHARITABLE | $22,417 |
COLORADO FRIENDSHIP PURPOSE: CHARITABLE | $7,043 |
FBR (TOTES OF HOPE) PURPOSE: CHARITABLE | $60,184 |
FOOD FOR THOUGHT DENVER PURPOSE: CHARITABLE | $65,786 |
KIDSAID PURPOSE: CHARITABLE | $40,749 |
KIDSPAK PURPOSE: CHARITABLE | $10,880 |