Civic Intelligence

Beet Sugar Development Foundation

990 • Fiscal year 2017 • EIN 84-0406810

Apr 01, 2016 to Mar 31, 2017 • Filed on Feb 12, 2018

800 Grant StreetDenver, CO 80203

(303) 832-4460

Siviq Scores

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

Liabilities / Assets

29th percentile

0.02x

Higher debt load relative to assets than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

27th percentile

0.02x

Higher debt load relative to revenue than 27% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

78th percentile

20%

Higher net margin than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

75th percentile

14%

Faster asset growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

46th percentile

2.9%

Faster revenue growth than 46% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,125,400

Up $264,211 (+14%) from 2016

Net Assets

Up

$2,090,539

Up $303,979 (+17%) from 2016

Liabilities

Down

$34,861

Down $39,768 (-53%) from 2016

Revenue

Up

$1,558,423

Up $43,665 (+2.9%) from 2016

Expenses

Down

$1,250,968

Down $319,115 (-20%) from 2016

Net Income

Up

$307,455

Up $362,780 (+656%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,014,594Liabilities 2012: $20,147Net Assets 2012: $1,994,4472012Assets 2013: $2,033,696Liabilities 2013: $22,093Net Assets 2013: $2,011,6032013Assets 2014: $1,730,724Liabilities 2014: $26,267Net Assets 2014: $1,704,4572014Assets 2015: $1,888,679Liabilities 2015: $42,499Net Assets 2015: $1,846,1802015Assets 2016: $1,861,189Liabilities 2016: $74,629Net Assets 2016: $1,786,5602016Assets 2017: $2,125,400Liabilities 2017: $34,861Net Assets 2017: $2,090,5392017Assets 2018: $2,121,428Liabilities 2018: $16,472Net Assets 2018: $2,104,9562018Assets 2019: $2,202,883Liabilities 2019: $84,659Net Assets 2019: $2,118,2242019Assets 2020: $2,172,390Liabilities 2020: $27,183Net Assets 2020: $2,145,2072020Assets 2021: $2,344,860Liabilities 2021: $45,478Net Assets 2021: $2,299,3822021Assets 2022: $2,212,262Liabilities 2022: $31,606Net Assets 2022: $2,180,6562022Assets 2023: $2,577,163Liabilities 2023: $169,198Net Assets 2023: $2,407,9652023Assets 2024: $2,639,758Liabilities 2024: $138,056Net Assets 2024: $2,501,7022024Assets 2025: $2,620,278Liabilities 2025: $117,762Net Assets 2025: $2,502,5162025

Highlighted filing

2017

Assets$2,125,400
Liabilities$34,861
Net Assets$2,090,539

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2012: $1,532,489Expenses 2012: $1,329,033Net Income 2012: $203,4562012Revenue 2013: $1,321,742Expenses 2013: $1,301,476Net Income 2013: $20,2662013Revenue 2014: $1,624,041Expenses 2014: $1,575,180Net Income 2014: $48,8612014Revenue 2015: $1,531,431Expenses 2015: $1,385,859Net Income 2015: $145,5722015Revenue 2016: $1,514,758Expenses 2016: $1,570,083Net Income 2016: -$55,3252016Revenue 2017: $1,558,423Expenses 2017: $1,250,968Net Income 2017: $307,4552017Revenue 2018: $1,407,780Expenses 2018: $1,392,963Net Income 2018: $14,8172018Revenue 2019: $1,380,873Expenses 2019: $1,367,605Net Income 2019: $13,2682019Revenue 2020: $1,280,422Expenses 2020: $1,253,439Net Income 2020: $26,9832020Revenue 2021: $1,193,592Expenses 2021: $1,039,417Net Income 2021: $154,1752021Revenue 2022: $1,379,671Expenses 2022: $1,498,397Net Income 2022: -$118,7262022Revenue 2023: $1,528,758Expenses 2023: $1,301,449Net Income 2023: $227,3092023Revenue 2024: $1,600,482Expenses 2024: $1,506,745Net Income 2024: $93,7372024Revenue 2025: $1,829,638Expenses 2025: $1,828,824Net Income 2025: $8142025

Highlighted filing

2017

Revenue$1,558,423
Expenses$1,250,968
Net Income$307,455
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Feb 12, 2018
Return Version
2016v3.0
Gross Receipts
$1,558,423
Mission and Program Overview

Mission

The beet sugar development foundation is dedicated to the advancement of beet sugar production through research, education, and partnerships.

The Beet Sugar Development Foundation was established to promote research and educational programs within the beet sugar processing industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,230,000$1,230,000→ $0
Cash and Non-Interest-Bearing Accounts$562,439$712,539▲ $150,100
Accounts Receivable$50,236$153,489▲ $103,253
Prepaid Expenses and Deferred Charges$13,066$19,919▲ $6,853
Land, Buildings, and Equipment, Net$5,448$9,453▲ $4,005
Total Assets$1,861,189$2,125,400▲ $264,211
Liabilities
Accounts Payable and Accrued Expenses$74,629$34,861▼ $39,768
Total Liabilities$74,629$34,861▼ $39,768
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,604,776$1,872,229▲ $267,453
Unrestricted Net Assets$181,784$218,310▲ $36,526
Total Net Assets Fund Balance$1,786,560$2,090,539▲ $303,979
Total Liabilities and Net Assets / Fund Balance$1,861,189$2,125,400▲ $264,211

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$79,189-
Other Land Buildings$9,052$24,690-
Equipment$401$5,674-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Thomas K SchwartzExecutive Vice PresidentFT$100,407$100,407
Thomas K Schwartz--$100,407$100,407
Paul PfenningerMemberFT$68,750$68,750
Revenue and Support

Revenue Composition

Contributions and Grants
$570,381
Program Service Revenue
$973,656
Investment Income
$14,386
Other Revenue
$0
Change in Net Assets
$307,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$771,317
Other Expenses$479,651
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$520,387$33,227$0$553,614
Other Expenses$345,404$0$0$345,404
Current Officers, Directors, Trustees, and Key Employees$0$158,291$0$158,291
Occupancy$0$37,585$0$37,585
Other Employee Benefits$0$25,888$0$25,888
Fees for Services Accounting$0$23,693$0$23,693
Travel$0$18,654$0$18,654
Office Expenses$0$17,867$0$17,867
Pension Plan Contributions$0$17,473$0$17,473
Payroll Taxes$0$16,051$0$16,051
Information Technology$0$14,761$0$14,761
Conferences and Meetings$0$9,680$0$9,680
Fees for Services Legal$0$4,833$0$4,833
Interest$0$4,719$0$4,719
Depreciation Depletion$0$2,455$0$2,455
Total Functional Expenses$865,791$385,177$0$1,250,968
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Beet Sugar Development Foundation
EIN
84-0406810
Phone
3038324460
Address
800 Grant Street, Denver, CO 80203

Signing Officer

Name
Paul Pfenninger
Title
Executive Vice President
Phone
3038324460
Signed
2018-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Pfenninger
Formed
1987
Legal Domicile
Co
Voting Board Members
20
Independent Board Members
19
Employees
19
Volunteers
0

Preparer

Firm
HSJ & Associates PC
Address
8435 W 80TH AVE, ARVADA, CO 80005
Preparer
Karen E Sonnier CPA
Phone
3034219379
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

The organization has member, but not stockholders. Each member company has one representative in the governing body.

Pt VI, Line 7A

The organization has member, but not stockholders. Each member company has one representative in the governing body.

Pt VI, Line 7B

The organization has member, but not stockholders. Each member company has one representative in the governing body.

Pt VI, Line 19

The organization provides any documents upon request

Pt VI, Line 11B

Outside CPA firm prepared Form 990 and Schedules. The Executive Vice President reviews it and it is available for review upon request.

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IRS990/LandBldgEquipBasisNetGrp/EOYAmt09453
IRS990/LandBldgEquipCostOrOtherBssAmt0119006
IRS990/LegalDomicileStateCd0CO
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0570381
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Beet Sugar Development Foundation
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01786560
IRS990/NetAssetsOrFundBalancesEOYAmt02090539
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt037585
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt037585
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017867
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt017867
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt025888
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt025888
IRS990/OtherExpensesGrp/Desc0Direct Program Expenditures
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt0345404
IRS990/OtherExpensesGrp/TotalAmt0345404
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt033227
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0520387
IRS990/OtherSalariesAndWagesGrp/TotalAmt0553614
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016051
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt016051
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt017473
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt017473
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01604776
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01872229
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013066
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019919
IRS990/PrincipalOfficerNm0PAUL PFENNINGER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541700
IRS990/ProgramServiceRevenueGrp/BusinessCd1541700
IRS990/ProgramServiceRevenueGrp/BusinessCd2541700
IRS990/ProgramServiceRevenueGrp/BusinessCd3541700
IRS990/ProgramServiceRevenueGrp/BusinessCd4541700
IRS990/ProgramServiceRevenueGrp/Desc0Beet Sugar Schools
IRS990/ProgramServiceRevenueGrp/Desc1Nursery Revenue
IRS990/ProgramServiceRevenueGrp/Desc2Research Projects
IRS990/ProgramServiceRevenueGrp/Desc3Am Society Suger Beet Technologists
IRS990/ProgramServiceRevenueGrp/Desc4Miscellanous Income
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0262310
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1326032
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2376828
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt43486
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0550023
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt014443
IRS990/PYOtherExpensesAmt0682135
IRS990/PYProgramServiceRevenueAmt0950292
IRS990/PYRevenuesLessExpensesAmt0-55325
IRS990/PYSalariesCompEmpBnftPaidAmt0887948
IRS990/PYTotalExpensesAmt01570083
IRS990/PYTotalRevenueAmt01514758
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0307455
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0970170
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01230000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01230000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0398831
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0368586
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0368710
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0366289
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0349599
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01852015
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt014386
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt013934
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt013987
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt021566
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt011301
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt075174
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt017802
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04911
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05056
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt037769
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt014386
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt013934
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt013987
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt021566
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt011301
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt075174
IRS990ScheduleA/InvestmentIncomeCYPct00.03830
IRS990ScheduleA/InvestmentIncomePYPct00.04000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.96170
IRS990ScheduleA/PublicSupportPY509Pct00.95000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01889784
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0403831
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0373586
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0386512
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0371200
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0354655
IRS990ScheduleA/Total509Grp/TotalAmt01889784
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01964958
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/DepreciationAmt079189
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt079189
IRS990ScheduleD/EquipmentGrp/BookValueAmt0401
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05674
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06075
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09052
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt024690
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt033742
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09453
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.62$0.12$2.50$1.83$1.83$0.00
2024Detailed filing. Detailed filing data is available for this year.$2.64$0.14$2.50$1.60$1.51$0.09
2023Detailed filing. Detailed filing data is available for this year.$2.58$0.17$2.41$1.53$1.30$0.23
2022Detailed filing. Detailed filing data is available for this year.$2.21$0.03$2.18$1.38$1.50$0.12
2021Detailed filing. Detailed filing data is available for this year.$2.34$0.05$2.30$1.19$1.04$0.15
2020Detailed filing. Detailed filing data is available for this year.$2.17$0.03$2.15$1.28$1.25$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.20$0.08$2.12$1.38$1.37$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.12$0.02$2.10$1.41$1.39$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.13$0.03$2.09$1.56$1.25$0.31
2016Summary only. Only limited summary data is available for this year.$1.86$0.07$1.79$1.51$1.57$0.06
2015Summary only. Only limited summary data is available for this year.$1.89$0.04$1.85$1.53$1.39$0.15
2014Summary only. Only limited summary data is available for this year.$1.73$0.03$1.70$1.62$1.58$0.05
2013Summary only. Only limited summary data is available for this year.$2.03$0.02$2.01$1.32$1.30$0.02
2012Summary only. Only limited summary data is available for this year.$2.01$0.02$1.99$1.53$1.33$0.20