Texas Beef Council

“The council's form 990 is prepared by outside accountants, who are cpa's, using information provided by the council. The completed form 990 is reviewed in detail by the council's vice president-finance & operations, who is a cpa. The form 990 is then reviewed and signed by the council's executive vice president. A copy of the form 990 is provided to the full board prior to filing.”

“All council directors and employees are required to review and sign a written conflict of interest policy form noting any potential conflicts of interest. The council's executive vice president monitors the collection of forms to ensure that a form has been completed by all persons. The completed forms are reviewed by the council's executive vice president and vice president-finance & operations making note of identified conflicts, if any. The names of entities that represent a potential conflict are included in a list provided to the council's accounting department, which compares payment requests to the names on the list. Any payment requests to an entity on the list are forwarded to the executive vice president for further investigation.”

“Line 15a - the council's executive vice president is given an annual performance evaluation by the council's executive committee, and his compensation is established by this committee. The executive committee is usually comprised of individuals who serve as directors for other non-profit organizations serving the cattle industry in texas. As such, they are able to compare and base compensation provided by the council to compensation at comparable organizations. The executive vice president's compensation is documented on a compensation approval form, which is prepared and signed by the council's chairman. Line 15b - all of the council's employees are given an annual performance evaluation by the employee's supervisor. Employee compensation is determined by the council's management team, which is comprised of the council's vice presidents. An employee's compensation is documented on a compensation approval form, which is prepared by the council's vice president-finance & operations and signed by the employee, the employee's supervisor and the executive vice president.”

“The governing documents, conflict of interest and financial statements of the organization are available upon request.”

“Contract services - direct - other 48,431. Professional services - implementation 40,027. Contract services - direct - public relations 203,716. Contract services - direct - web & digital media 76,170. Contract services - direct - speakers, training, etc. 154,520. Contract services - direct - research & surveys 79,938. Contract services - direct - foreign market promotions 221,362. Contract services - direct - video production 126,421. Contract services - direct - strategic planning 12,073.”

“The oversight policies and selection of an independent accountant by the audit committee has not changed since last year.”