Civic Intelligence

Beet Sugar Development Foundation

990 • Fiscal year 2023 • EIN 84-0406810

Apr 01, 2022 to Mar 31, 2023 • Filed on Jan 26, 2024

800 Grant Street Suite 300Denver, CO 80203

(303) 832-4460

Siviq Scores

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

Liabilities / Assets

50th percentile

0.07x

Higher debt load relative to assets than 50% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

54th percentile

0.11x

Higher debt load relative to revenue than 54% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

69th percentile

15%

Higher net margin than 69% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

86th percentile

$164,544

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

73rd percentile

16%

Faster asset growth than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

11%

Faster revenue growth than 56% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,577,163

Up $364,901 (+16%) from 2022

Net Assets

Up

$2,407,965

Up $227,309 (+10%) from 2022

Liabilities

Up

$169,198

Up $137,592 (+435%) from 2022

Revenue

Up

$1,528,758

Up $149,087 (+11%) from 2022

Expenses

Down

$1,301,449

Down $196,948 (-13%) from 2022

Net Income

Up

$227,309

Up $346,035 (+291%) from 2022

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

2023

Assets$2,577,163
Liabilities$169,198
Net Assets$2,407,965

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

2023

Revenue$1,528,758
Expenses$1,301,449
Net Income$227,309
Jump To
Filing Snapshot
Filing Period
Apr 1, 2022 to Mar 31, 2023
Signed
Jan 26, 2024
Return Version
2022v5.0
Gross Receipts
$1,528,758
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,079,884$2,261,078▲ $181,194
Cash and Non-Interest-Bearing Accounts$15,514$94,984▲ $79,470
Accounts Receivable$94,441$80,681▼ $13,760
Land, Buildings, and Equipment, Net$4,444$28,682▲ $24,238
Prepaid Expenses and Deferred Charges$17,979$22,199▲ $4,220
Total Assets$2,212,262$2,577,163▲ $364,901
Other Assets Total-$89,539-
Liabilities
Other Liabilities-$114,893-
Accounts Payable and Accrued Expenses$31,606$54,305▲ $22,699
Total Liabilities$31,606$169,198▲ $137,592
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,814,378$1,994,214▲ $179,836
Net Assets Without Donor Restrictions$366,278$413,751▲ $47,473
Total Net Assets Fund Balance$2,180,656$2,407,965▲ $227,309
Total Liabilities and Net Assets / Fund Balance$2,212,262$2,577,163▲ $364,901

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,477$36,945$63,422
Leasehold Improvements$2,205$1,470$3,675
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anna MurphyExecutive ViFT$140,276$24,268$164,544
Anna MurphyExecutive Vice Pres-$140,276$24,268$164,544

Board Members and Trustees

NameTitle
Greg DeanPresident
Tyler GrovePresident
Jim Ruhlman1st Vice Pre
Scott Winn2nd Vice Pre
Jerry DarnellAgriculture
Bryan AvisonMember
David GarlandMember
Floyd MeeksMember
Kadan HuberMember
Kevin BiggerMember
Mark AnfinrudMember
Mark SchmidtMember
Mike MetzgerMember
Rebecca LarsonMember
Steve RosenauMember
Todd GeseliusMember
Tyler RingMember
Greg MartinProcessing a
Revenue and Support

Revenue Composition

Contributions and Grants
$752,121
Program Service Revenue
$726,608
Investment Income
$49,987
Other Revenue
$42
All Other Contributions
$10,000
Change in Net Assets
$227,309

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,528,758
Total Revenue per Audited Statements
$1,528,758
Total Revenue per Form 990
$1,528,758
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$850,845
Salaries, Compensation, and Employee Benefits$450,604
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$273,137--$273,137
Other Salaries and Wages$85,245$162,847-$248,092
Current Officers, Directors, Trustees, and Key Employees$63,164$120,667-$183,831
Fees for Services Accounting-$48,938-$48,938
Occupancy-$40,310-$40,310
Payroll Taxes$6,184$11,863-$18,047
Conferences and Meetings-$15,289-$15,289
Information Technology-$13,937-$13,937
Travel-$11,064-$11,064
Office Expenses-$9,937-$9,937
Insurance-$6,632-$6,632
Depreciation Depletion-$5,442-$5,442
Other Expenses$413,870$3,716-$3,716
Interest-$657-$657
Pension Plan Contributions$218$416-$634
Total Functional Expenses$841,818$459,631$0$1,301,449

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,301,449
Total Expenses per Audited Statements$1,301,449
Total Expenses per Form 990$1,301,449
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Office Lease Obligation$90,145
Finance Lease Obligation$24,748
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

MEMBERS

Form 990, Page 6, Part VI, Line 7A

Each member company has one representative in the governing body.

Form 990, Page 6, Part VI, Line 7B

Each member organization has one representative in the governing body.

Form 990, Page 6, Part VI, Line 11B

The 990 is prepared by an outside cpa firm. The executive vice president reviews the 990 prior to filing.

Form 990, Page 6, Part VI, Line 12C

Board members sign a copy of the conflict of interest policy to indicate understanding and acceptance.

Form 990, Page 6, Part VI, Line 15A

The board approves the compensation for the executive vice president each year.

Form 990, Page 6, Part VI, Line 19

Governing and financial documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Beet Sugar Development Foundation
EIN
84-0406810
Phone
3038324460
Address
800 GRANT STREET SUITE 300, DENVER, CO 80203

Signing Officer

Name
Anna Murphy
Title
Executive Vice Pres
Phone
3038324460
Signed
2024-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anna Murphy
Formed
1987
Legal Domicile
Co
Voting Board Members
19
Independent Board Members
18
Employees
22

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Ken Roth
Phone
3038308109
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract researchers 273,137 0 0

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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