Civic Intelligence

Florida Beef Council Inc

990 • Fiscal year 2019 • EIN 59-2805820

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 15, 2020

PO Box 421929Kissimmee, FL 34742

(407) 846-6221

Siviq Scores

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

Liabilities / Assets

91st percentile

0.33x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

0.53x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2019

Net Margin

22nd percentile

-3.3%

Higher net margin than 22% of similar nonprofits.

2019 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$168,615

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 34.3% of source-year revenue.

2019 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2019

Asset Growth

90th percentile

28%

Faster asset growth than 90% of similar nonprofits.

2019 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

89th percentile

26%

Faster revenue growth than 89% of similar nonprofits.

2019 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$787,160

Up $172,640 (+28%) from 2018

Net Assets

Down

$526,494

Down $16,024 (-3.0%) from 2018

Liabilities

Up

$260,666

Up $188,664 (+262%) from 2018

Revenue

Up

$491,631

Up $100,878 (+26%) from 2018

Expenses

Up

$507,655

Up $162,112 (+47%) from 2018

Net Income

Down

-$16,024

Down $61,234 (-135%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $564,998Liabilities 2011: $111,424Net Assets 2011: $453,5742011Assets 2012: $595,551Liabilities 2012: $71,972Net Assets 2012: $523,5792012Assets 2013: $615,536Liabilities 2013: $82,377Net Assets 2013: $533,1592013Assets 2014: $591,389Liabilities 2014: $63,085Net Assets 2014: $528,3042014Assets 2015: $618,852Liabilities 2015: $95,124Net Assets 2015: $523,7282015Assets 2016: $560,267Liabilities 2016: $84,934Net Assets 2016: $475,3332016Assets 2017: $578,806Liabilities 2017: $81,498Net Assets 2017: $497,3082017Assets 2018: $614,520Liabilities 2018: $72,002Net Assets 2018: $542,5182018Assets 2019: $787,160Liabilities 2019: $260,666Net Assets 2019: $526,4942019Assets 2020: $775,822Liabilities 2020: $272,599Net Assets 2020: $503,2232020Assets 2021: $582,749Liabilities 2021: $134,085Net Assets 2021: $448,6642021Assets 2022: $518,441Liabilities 2022: $127,834Net Assets 2022: $390,6072022Assets 2023: $500,607Liabilities 2023: $117,585Net Assets 2023: $383,0222023Assets 2024: $475,482Liabilities 2024: $117,334Net Assets 2024: $358,1482024

Highlighted filing

2019

Assets$787,160
Liabilities$260,666
Net Assets$526,494

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $496,228Expenses 2011: $417,455Net Income 2011: $78,7732011Revenue 2012: $458,001Expenses 2012: $387,996Net Income 2012: $70,0052012Revenue 2013: $345,332Expenses 2013: $335,752Net Income 2013: $9,5802013Revenue 2014: $414,698Expenses 2014: $419,552Net Income 2014: -$4,8542014Revenue 2015: $405,098Expenses 2015: $409,675Net Income 2015: -$4,5772015Revenue 2016: $382,235Expenses 2016: $430,630Net Income 2016: -$48,3952016Revenue 2017: $618,336Expenses 2017: $596,361Net Income 2017: $21,9752017Revenue 2018: $390,753Expenses 2018: $345,543Net Income 2018: $45,2102018Revenue 2019: $491,631Expenses 2019: $507,655Net Income 2019: -$16,0242019Revenue 2020: $444,655Expenses 2020: $467,926Net Income 2020: -$23,2712020Revenue 2021: $406,383Expenses 2021: $460,941Net Income 2021: -$54,5582021Revenue 2022: $507,801Expenses 2022: $565,858Net Income 2022: -$58,0572022Revenue 2023: $537,882Expenses 2023: $545,467Net Income 2023: -$7,5852023Revenue 2024: $639,709Expenses 2024: $664,583Net Income 2024: -$24,8742024

Highlighted filing

2019

Revenue$491,631
Expenses$507,655
Net Income-$16,024
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 15, 2020
Return Version
2019v5.1
Gross Receipts
$491,631
Mission and Program Overview

Mission

To strengthen the beef industry through promotion and research. The organization functions as the promotional and educational arm of the beef industry in the state of florida.

To strengthen the beef industry through promotion and research

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$369,338$521,648▲ $152,310
Cash and Non-Interest-Bearing Accounts$200,662$201,117▲ $455
Accounts Receivable$0$28,945▲ $28,945
Inventories for Sale or Use$11,560$13,153▲ $1,593
Prepaid Expenses and Deferred Charges$2,483$12,235▲ $9,752
Pledges and Grants Receivable$30,338$10,002▼ $20,336
Land, Buildings, and Equipment, Net$139$60▼ $79
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$614,520$787,160▲ $172,640
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$0$150,000▲ $150,000
Accounts Payable and Accrued Expenses$72,002$110,666▲ $38,664
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$72,002$260,666▲ $188,664
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$542,518$526,494▼ $16,024
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$542,518$526,494▼ $16,024
Total Liabilities and Net Assets / Fund Balance$614,520$787,160▲ $172,640

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$60$5,400$5,460
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Angela MccallisterComptrollerPT$123,360$123,360

Board Members and Trustees

NameTitle
Flint JohnsChairman
Carl Mckettrick JrDirector
Dale CarltonDirector
David GenhoDirector
Debbie GillDirector
Jason ConradDirector
Jason Scheffler PhdDirector
Joel BeverlyDirector
Leeann Adams-simmonsDirector
Matt HarrisonDirector
Sutton RocksDirector
Thomas BryantDirector
Jim HandleyChief Executive Officer
Pat DurdenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$162,500
Program Service Revenue
$313,837
Investment Income
$1,821
Other Revenue
$13,473
All Other Contributions
$162,500
Change in Net Assets
$-16,024

Audited Revenue Reconciliation

Revenue per Audited Statements
$491,631
Total Revenue per Audited Statements
$491,631
Total Revenue per Form 990
$491,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$344,974
Grants and Similar Amounts Paid$162,681
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$162,681
Fees for Services Other---$108,480
Advertising---$46,978
Occupancy---$40,088
All Other Expenses---$17,918
Travel---$17,330
Fees for Services Accounting---$13,780
Other Expenses---$13,006
Information Technology---$9,884
Office Expenses---$7,037
Insurance---$3,053
Conferences and Meetings---$2,559
Depreciation Depletion---$120
Total Functional Expenses$0$0$0$507,655

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$507,655
Total Expenses per Audited Statements$507,655
Total Expenses per Form 990$507,655
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization receives management and personnel services under contract with the florida cattlemens association.

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

One entity has the right to appoint nine of the board members. Four entities have the right to appoint one board member each.

Form 990, Part VI, Section B, Line 11

The governing body reviews the form 990 in a scheduled board meeting before filing the return with the irs.

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

Board members annually confirm that no conflicts of interest exist or disclose what those conflicts may be.

Form 990, Part VI, Section C, Line 18

The form 990 is available upon request to the council.

Form 990, Part VI, Section C, Line 19

The organization makes these documents available upon request.

Filing and Contact Details

Filer

Filer Name
Florida Beef Council Inc
EIN
59-2805820
In Care Of
% JIM HANDLEY
Phone
4078466221
Address
PO BOX 421929, Kissimmee, FL 34742

Signing Officer

Name
Angela Mccallister
Title
Comptroller
Phone
4078466221
Signed
2020-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Mccallister
Formed
1985
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
50

Preparer

Firm
Withumsmithbrownpc
Address
200 S ORANGE AVE STE 1200, ORLANDO, FL 32801-3400
Preparer
Erik a Halluska CPA
Phone
4078491569
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:contract expense total fees:66980

Form 990 Part IX Line 11G

Description:consulting fees total fees:1500

Form 990 Part IX Line 11G

Description:organizational support total fees:40000

Financial Statement Notes

Part X, Line 2

The council qualifies as a tax-exempt organization under section 501(c)(5) of the internal revenue code; therefore, the financial statements contain no provision for income taxes. Accounting principles generally accepted in the united states of america prescribe requirements for the recognition of income taxes in financial statements, and the amounts recognized are affected by income tax positions taken by the council in its tax returns. The council's status as an exempt organization is defined as an income tax position under these requirements. While management believes it has complied with the internal revenue code, the sustainability of some income tax positions taken by the council in its tax returns may be uncertain. There are minimum thresholds of likelihood that uncertain tax positions are required to meet before being recognized in the financial statements. Management does not believe that the council has any material uncertain tax positions at december 31, 2019. In the event interest and penalties were due relating to an unsustainable tax position, they would be treated as a component of income tax expense.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/MissionDesc0TO STRENGTHEN THE BEEF INDUSTRY THROUGH PROMOTION AND RESEARCH. THE ORGANIZATION FUNCTIONS AS THE PROMOTIONAL AND EDUCATIONAL ARM OF THE BEEF INDUSTRY IN THE STATE OF FLORIDA.
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IRS990/OtherExpensesGrp/Desc1PRODUCER COMMUNICATION
IRS990/OtherExpensesGrp/Desc2COMPLIANCE
IRS990/OtherExpensesGrp/Desc3RESEARCH
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IRS990/OtherRevenueTotalAmt013473
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IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PrincipalOfficerNm0ANGELA MCCALLISTER
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0313837
IRS990/ProgSrvcAccomActy2Grp/Desc0SUPPORT OF NATIONAL BEEF INDUSTRY PROGRAMS.
IRS990/ProgSrvcAccomActy3Grp/Desc0DISTRIBUTION OF FOOD SERVICE INFORMATION REGARDING BEEF PREPARATION AND USE.
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IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0311163
IRS990/PYRevenuesLessExpensesAmt045210
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IRS990/PYTotalExpensesAmt0345543
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0369338
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0521648
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05460
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COUNCIL QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE; THEREFORE, THE FINANCIAL STATEMENTS CONTAIN NO PROVISION FOR INCOME TAXES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PRESCRIBE REQUIREMENTS FOR THE RECOGNITION OF INCOME TAXES IN FINANCIAL STATEMENTS, AND THE AMOUNTS RECOGNIZED ARE AFFECTED BY INCOME TAX POSITIONS TAKEN BY THE COUNCIL IN ITS TAX RETURNS. THE COUNCIL'S STATUS AS AN EXEMPT ORGANIZATION IS DEFINED AS AN INCOME TAX POSITION UNDER THESE REQUIREMENTS. WHILE MANAGEMENT BELIEVES IT HAS COMPLIED WITH THE INTERNAL REVENUE CODE, THE SUSTAINABILITY OF SOME INCOME TAX POSITIONS TAKEN BY THE COUNCIL IN ITS TAX RETURNS MAY BE UNCERTAIN. THERE ARE MINIMUM THRESHOLDS OF LIKELIHOOD THAT UNCERTAIN TAX POSITIONS ARE REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE THAT THE COUNCIL HAS ANY MATERIAL UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2019. IN THE EVENT INTEREST AND PENALTIES WERE DUE RELATING TO AN UNSUSTAINABLE TAX POSITION, THEY WOULD BE TREATED AS A COMPONENT OF INCOME TAX EXPENSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2
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IRS990ScheduleD/TotalExpensesPerForm990Amt0507655
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0491631
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0491631
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0507655
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0141354
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JIM HANDLEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0168615
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.75$1.17$3.58$6.40$6.65$0.25
2023Detailed filing. Detailed filing data is available for this year.$5.01$1.18$3.83$5.38$5.45$0.08
2022Detailed filing. Detailed filing data is available for this year.$5.18$1.28$3.91$5.08$5.66$0.58
2021Detailed filing. Detailed filing data is available for this year.$5.83$1.34$4.49$4.06$4.61$0.55
2020Detailed filing. Detailed filing data is available for this year.$7.76$2.73$5.03$4.45$4.68$0.23
2019Detailed filing. Detailed filing data is available for this year.$7.87$2.61$5.26$4.92$5.08$0.16
2018Detailed filing. Detailed filing data is available for this year.$6.15$0.72$5.43$3.91$3.46$0.45
2017Detailed filing. Detailed filing data is available for this year.$5.79$0.81$4.97$6.18$5.96$0.22
2016Detailed filing. Detailed filing data is available for this year.$5.60$0.85$4.75$3.82$4.31$0.48
2015Detailed filing. Detailed filing data is available for this year.$6.19$0.95$5.24$4.05$4.10$0.05
2014Detailed filing. Detailed filing data is available for this year.$5.91$0.63$5.28$4.15$4.20$0.05
2013Detailed filing. Detailed filing data is available for this year.$6.16$0.82$5.33$3.45$3.36$0.10
2012Summary only. Only limited summary data is available for this year.$5.96$0.72$5.24$4.58$3.88$0.70
2011Summary only. Only limited summary data is available for this year.$5.65$1.11$4.54$4.96$4.17$0.79