Civic Intelligence

American Angus Association

990 • Fiscal year 2014 • EIN 44-0605539

Oct 01, 2013 to Sep 30, 2014 • Filed on Feb 16, 2015

3201 Frederick Avenue64506

(816) 383-5100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.16x

Higher debt load relative to assets than 58% of similar nonprofits.

2014 filings • 501(c)5 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

59th percentile

0.17x

Higher debt load relative to revenue than 59% of similar nonprofits.

2014 filings • 501(c)5 • $25M-$50M nonprofits • Source year 2014

Net Margin

26th percentile

1.3%

Higher net margin than 26% of similar nonprofits.

2014 filings • 501(c)5 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

70th percentile

$307,780

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2014 filings • $25M-$50M nonprofits • Source year 2014

Asset Growth

41st percentile

4.7%

Faster asset growth than 41% of similar nonprofits.

2014 filings • 501(c)5 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

54th percentile

5.5%

Faster revenue growth than 54% of similar nonprofits.

2014 filings • $25M-$50M nonprofits • Annualized from 2011 to 2014

Assets

Up

$35,504,133

Up $1,608,922 (+4.7%) from 2013

Net Assets

Up

$29,833,768

Up $1,029,164 (+3.6%) from 2013

Liabilities

Up

$5,670,365

Up $579,758 (+11%) from 2013

Revenue

$33,058,261

No earlier filing loaded for comparison.

Expenses

Up

$32,614,969

Up $3,238,363 (+11%) from 2013

Net Income

$443,292

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $24,798,535Liabilities 2010: $2,911,573Net Assets 2010: $21,886,9622010Assets 2011: $25,746,058Liabilities 2011: $4,001,715Net Assets 2011: $21,744,3432011Assets 2012: $30,011,430Liabilities 2012: $4,719,957Net Assets 2012: $25,291,4732012Assets 2013: $33,895,211Liabilities 2013: $5,090,607Net Assets 2013: $28,804,6042013Assets 2014: $35,504,133Liabilities 2014: $5,670,365Net Assets 2014: $29,833,7682014Assets 2015: $35,060,309Liabilities 2015: $6,333,812Net Assets 2015: $28,726,4972015Assets 2016: $37,305,968Liabilities 2016: $5,700,886Net Assets 2016: $31,605,0822016Assets 2017: $40,075,250Liabilities 2017: $5,731,691Net Assets 2017: $34,343,5592017Assets 2018: $42,030,778Liabilities 2018: $7,570,685Net Assets 2018: $34,460,0932018Assets 2019: $39,179,910Liabilities 2019: $6,977,599Net Assets 2019: $32,202,3112019Assets 2020: $41,242,236Liabilities 2020: $6,099,333Net Assets 2020: $35,142,9032020Assets 2021: $50,847,076Liabilities 2021: $10,302,929Net Assets 2021: $40,544,1472021Assets 2022: $46,545,759Liabilities 2022: $8,117,295Net Assets 2022: $38,428,4642022Assets 2023: $50,556,938Liabilities 2023: $8,280,020Net Assets 2023: $42,276,9182023Assets 2024: $58,321,418Liabilities 2024: $7,570,378Net Assets 2024: $50,751,0402024

Highlighted filing

2014

Assets$35,504,133
Liabilities$5,670,365
Net Assets$29,833,768

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $25,711,4752010Revenue 2011: $28,153,639Expenses 2011: $27,858,516Net Income 2011: $295,1232011Expenses 2012: $28,365,2632012Expenses 2013: $29,376,6062013Revenue 2014: $33,058,261Expenses 2014: $32,614,969Net Income 2014: $443,2922014Revenue 2015: $33,470,595Expenses 2015: $33,037,484Net Income 2015: $433,1112015Revenue 2016: $36,610,902Expenses 2016: $35,162,484Net Income 2016: $1,448,4182016Revenue 2017: $39,003,067Expenses 2017: $38,082,466Net Income 2017: $920,6012017Revenue 2018: $46,404,066Expenses 2018: $45,152,289Net Income 2018: $1,251,7772018Revenue 2019: $46,183,864Expenses 2019: $47,889,255Net Income 2019: -$1,705,3912019Revenue 2020: $43,016,155Expenses 2020: $40,255,122Net Income 2020: $2,761,0332020Revenue 2021: $46,663,578Expenses 2021: $42,677,786Net Income 2021: $3,985,7922021Revenue 2022: $51,454,447Expenses 2022: $48,211,853Net Income 2022: $3,242,5942022Revenue 2023: $50,328,817Expenses 2023: $47,911,985Net Income 2023: $2,416,8322023Revenue 2024: $51,488,065Expenses 2024: $47,737,195Net Income 2024: $3,750,8702024

Highlighted filing

2014

Revenue$33,058,261
Expenses$32,614,969
Net Income$443,292
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Feb 16, 2015
Return Version
2013v4.0
Gross Receipts
$39,093,403
Mission and Program Overview

Mission

To provide programs, services, technology and leadership to enhance the genetics of the angus breed, broaden its influence within the beef industry and expand the market for superior tasting, high-quality angus beef worldwide.

Maintain pedigree and performance information, and the promotion of the angus breed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,923,980$24,146,868▲ $5,222,888
Land, Buildings, and Equipment, Net$5,045,966$4,734,756▼ $311,210
Cash and Non-Interest-Bearing Accounts$4,693,742$3,102,183▼ $1,591,559
Accounts Receivable$2,478,352$2,307,246▼ $171,106
Savings and Temporary Cash Investments$1,649,273--
Inventories for Sale or Use$821,744$846,156▲ $24,412
Prepaid Expenses and Deferred Charges$276,237$364,798▲ $88,561
Total Assets$33,895,211$35,504,133▲ $1,608,922
Other Assets Total$5,917$2,126▼ $3,791
Liabilities
Accounts Payable and Accrued Expenses$3,117,346$3,379,116▲ $261,770
Other Liabilities$1,426,137$1,469,383▲ $43,246
Deferred Revenue$516,673$799,766▲ $283,093
Mortgage Notes Payable Secured by Investment Property$30,451$22,100▼ $8,351
Total Liabilities$5,090,607$5,670,365▲ $579,758
Net Assets / Fund Balance
Unrestricted Net Assets$28,804,604$29,833,768▲ $1,029,164
Total Net Assets Fund Balance$28,804,604$29,833,768▲ $1,029,164
Total Liabilities and Net Assets / Fund Balance$33,895,211$35,504,133▲ $1,608,922

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,602,085$4,838,274$6,440,359
Buildings$2,757,671$2,577,373$5,335,044
Land$375,000-$375,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Schumann BryceChief Executive OfficerFT$235,435$72,345$307,780
Stika JohnPresident- CAB, LLCFT$196,433$93,416$289,849
Wilson RichardChief Financial OfficerPT$155,745$94,559$250,304
Eichar BrentSr VP- CAB, LLCFT$148,247$84,603$232,850
Stallo ChrisAssistant Director of IsFT$145,951$55,449$201,400
Adams Lou AnnAaa Director of IsFT$141,958$55,271$197,229
Bowman BillCheif Operations OfficerPT$146,079$41,175$187,254
Polzer MarkVP- CAB, LLCFT$121,202$65,655$186,857
Erickson TraceyVP- MarketingFT$136,477$40,680$177,157
Corah LarryVP- CAB, LLCFT$118,314$48,910$167,224

Board Members and Trustees

NameTitle
Throwbridge PhilPresident & Chairman - Left November 2013
Stucky GordonPresident
Boyd Ii CharlieDirector
Burke TomDirector
Foster ScottDirector
Harrell John ElbertDirector
Howell PhilDirector
Long Dr Curtis WDirector
Mcdonnell LeoDirector
Meyer VaughnDirector
Pfeiffer Jr JohnDirector
Sankey ChrisDirector
Sawyer Arlen JDirector
Schiefelbein DonDirector
Schroeder DougDirector
Silveira Darrell LDirector
Sitz JimDirector
Yon KevinDirector
Rentz JimDirector - Left November
Palmer DwightOutside Representative - CAB
Watkins CathyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$30,384,513
Investment Income
$1,946,468
Other Revenue
$727,280
Change in Net Assets
$443,292

Audited Revenue Reconciliation

Revenue per Audited Statements
$33,028,611
Revenue Not Reported on Financial Statements
$29,650
Revenue Not Reported on Form 990
$897,726
Total Revenue per Audited Statements
$33,926,337
Total Revenue per Form 990
$33,058,261
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,230,897
Other Expenses$16,047,147
Grants and Similar Amounts Paid$336,925
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$10,761,166
Advertising---$6,416,625
Other Employee Benefits---$2,295,307
Travel---$1,776,310
All Other Expenses---$1,571,307
Conferences and Meetings---$1,518,943
Current Officers, Directors, Trustees, and Key Employees---$1,477,916
Payroll Taxes---$922,263
Depreciation Depletion---$910,117
Fees for Services Legal---$842,163
Pension Plan Contributions---$774,245
Office Expenses---$605,267
Occupancy---$395,589
Grants to Domestic Orgs---$300,000
Other Expenses---$290,140
Fees for Services Other---$143,674
Insurance---$111,283
Fees for Services Accounting---$71,081
Grants to Domestic Individuals---$36,925
Fees for Service Investment Mgmnt Fees---$29,650
Interest---$889
Total Functional Expenses$0$0$0$32,614,969

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$32,897,173
Total Expenses per Form 990$32,614,969
Expenses per Audited Statements$32,585,319
Expenses Not Reported on Form 990$311,854
Expenses Not Reported on Financial Statements$29,650
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
36-3084945-501(c)(3)Project Revenue$300,000

International Summary

Offices
0
Employees
1
Spending
$207,754

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
MexicoProgram ServicesEducation Services01$207,754
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Post Retirement Benefits Payable$988,900
Intercompany Payable$424,377
Deferred Compensation$56,106
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

By virtue of the nature of the organization, members of the board of directors have ongoing business relationships and dealings with one another. All members of the board register and accomplish other business activities with the organization. Internal controls are in place designed to identify and eliminate any inappropriate activity in the unlikely event that it would take place.

Form 990, Part VI, Section A, Line 6

The organization has members that pay annual membership fees.

Form 990, Part VI, Section A, Line 7A

The association has members. Application for membership shall be made by submitting to the ceo of the association an application in the form prescribed by the board of directors, accompanied by the established membership fee. The board of directors shall have the power to accept or reject applications for membership consistent with the provisions of the bylaws. At each convention of delegates (delegates are chosen by the members) new directors are elected by the delegates.

Form 990, Part VI, Section B, Line 11

The form 990 is prepared by an independent accounting firm then reviewed in detail by senior management. Due to timing considerations, it was not possible to present the 990 to the board prior to filing. The 990 will be discussed with the officers of the sole member at a board meeting immediately following the due date of the return.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is discussed by the board annually. All employees are required to sign a conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

The board of directors deliberates and decides on the salary of the chief executive officer. The chief executive officer determines salary of other employees. A compensation committee reviews compensation packages of all employees at and above the manager level.

Form 990, Part VI, Section C, Line 19

The organization makes annual financial information and historical governing documents available to the public upon request.

Filing and Contact Details

Filer

EIN
44-0605539
Phone
8163835100

Signing Officer

Name
Richard Wilson
Title
Chief Financial Officer
Phone
8163835100
Signed
2015-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bryce Schumann
Formed
1883
Legal Domicile
Mo
Voting Board Members
19
Independent Board Members
19
Employees
216
Volunteers
38

Preparer

Preparer
Tim Reynolds CPA
Phone
8162328441
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No change from prior year.

Financial Statement Notes

PART X, LINE 2:

The association follows the provisions for uncertain tax positions as addressed in financial accounting standards board asc 740. The association recognized no liability for unrecognized tax benefits at september 30, 2014. The association has no material tax positions at september 30, 2014 for which the ultimate deductibility is highly certain, but for which there is uncertainty about the timing of such deductibility. The association had no accruals for interest and penalties at september 30, 2014 and 2013.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15OUTSIDE REPRESENTATIVE - CAB
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR - LEFT NOVEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT & CHAIRMAN - LEFT NOVEMBER 2013
IRS990/Form990PartVIISectionAGrp/TitleTxt20TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt23CHEIF OPERATIONS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt24PRESIDENT- CAB, LLC
IRS990/Form990PartVIISectionAGrp/TitleTxt25SR VP- CAB, LLC
IRS990/Form990PartVIISectionAGrp/TitleTxt26AAA DIRECTOR OF IS
IRS990/Form990PartVIISectionAGrp/TitleTxt27ASSISTANT DIRECTOR OF IS
IRS990/Form990PartVIISectionAGrp/TitleTxt28VP- CAB, LLC
IRS990/Form990PartVIISectionAGrp/TitleTxt29VP- CAB, LLC
IRS990/Form990PartVIISectionAGrp/TitleTxt30VP- MARKETING
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01883
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-2361
IRS990/GainOrLossGrp/SecuritiesAmt01569377
IRS990/GamingActivitiesInd00
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IRS990/GrantsToDomesticIndividualsGrp/TotalAmt036925
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0300000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt055402
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt07325602
IRS990/GrossReceiptsAmt039093403
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndoorTanningServicesInd00
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE PROGRAMS, SERVICES, TECHNOLOGY AND LEADERSHIP TO ENHANCE THE GENETICS OF THE ANGUS BREED, BROADEN ITS INFLUENCE WITHIN THE BEEF INDUSTRY AND EXPAND THE MARKET FOR SUPERIOR TASTING, HIGH-QUALITY ANGUS BEEF WORLDWIDE.
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0224876
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IRS990/OperateHospitalInd00
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IRS990/OtherExpensesGrp/Desc0SPONSORSHIPS/PUBLIC REL
IRS990/OtherExpensesGrp/Desc1SHOW EXPENSE
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3DIRECTORS EXPENSE
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IRS990/OtherExpensesGrp/TotalAmt1499688
IRS990/OtherExpensesGrp/TotalAmt2345298
IRS990/OtherExpensesGrp/TotalAmt3290140
IRS990/OtherLiabilitiesGrp/BOYAmt01426137
IRS990/OtherLiabilitiesGrp/EOYAmt01469383
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
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IRS990/OtherRevenueTotalAmt0113070
IRS990/OtherSalariesAndWagesGrp/TotalAmt010761166
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0922263
IRS990/PensionPlanContributionsGrp/TotalAmt0774245

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$58.3$7.57$50.8$51.5$47.7$3.75
2023Detailed filing. Detailed filing data is available for this year.$50.6$8.28$42.3$50.3$47.9$2.42
2022Detailed filing. Detailed filing data is available for this year.$46.5$8.12$38.4$51.5$48.2$3.24
2021Detailed filing. Detailed filing data is available for this year.$50.8$10.3$40.5$46.7$42.7$3.99
2020Detailed filing. Detailed filing data is available for this year.$41.2$6.10$35.1$43.0$40.3$2.76
2019Detailed filing. Detailed filing data is available for this year.$39.2$6.98$32.2$46.2$47.9$1.71
2018Detailed filing. Detailed filing data is available for this year.$42.0$7.57$34.5$46.4$45.2$1.25
2017Detailed filing. Detailed filing data is available for this year.$40.1$5.73$34.3$39.0$38.1$0.92
2016Detailed filing. Detailed filing data is available for this year.$37.3$5.70$31.6$36.6$35.2$1.45
2015Detailed filing. Detailed filing data is available for this year.$35.1$6.33$28.7$33.5$33.0$0.43
2014Detailed filing. Detailed filing data is available for this year.$35.5$5.67$29.8$33.1$32.6$0.44
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.9$5.09$28.8$29.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.0$4.72$25.3$28.4
2011Summary only. Only limited summary data is available for this year.$25.7$4.00$21.7$28.2$27.9$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.8$2.91$21.9$25.7