Civic Intelligence

Beet Sugar Development Foundation

990 • Fiscal year 2024 • EIN 84-0406810

Apr 01, 2023 to Mar 31, 2024 • Filed on Dec 13, 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

48th percentile

0.05x

Higher debt load relative to assets than 48% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.09x

Higher debt load relative to revenue than 52% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

53rd percentile

5.9%

Higher net margin than 53% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$185,893

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

45th percentile

2.4%

Faster asset growth than 45% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

4.7%

Faster revenue growth than 44% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,639,758

Up $62,595 (+2.4%) from 2023

Net Assets

Up

$2,501,702

Up $93,737 (+3.9%) from 2023

Liabilities

Down

$138,056

Down $31,142 (-18%) from 2023

Revenue

Up

$1,600,482

Up $71,724 (+4.7%) from 2023

Expenses

Up

$1,506,745

Up $205,296 (+16%) from 2023

Net Income

Down

$93,737

Down $133,572 (-59%) from 2023

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

2024

Assets$2,639,758
Liabilities$138,056
Net Assets$2,501,702

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

2024

Revenue$1,600,482
Expenses$1,506,745
Net Income$93,737
Jump To
Filing Snapshot
Filing Period
Apr 1, 2023 to Mar 31, 2024
Signed
Dec 13, 2024
Return Version
2023v5.0
Gross Receipts
$1,600,482
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$2,261,078$2,348,636▲ $87,558
Cash and Non-Interest-Bearing Accounts$94,984$115,554▲ $20,570
Accounts Receivable$80,681$71,847▼ $8,834
Prepaid Expenses and Deferred Charges$22,199$26,369▲ $4,170
Land, Buildings, and Equipment, Net$28,682$18,673▼ $10,009
Total Assets$2,577,163$2,639,758▲ $62,595
Other Assets Total$89,539$58,679▼ $30,860
Liabilities
Other Liabilities$114,893$77,811▼ $37,082
Accounts Payable and Accrued Expenses$54,305$60,245▲ $5,940
Total Liabilities$169,198$138,056▼ $31,142
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,994,214$2,095,368▲ $101,154
Net Assets Without Donor Restrictions$413,751$406,334▼ $7,417
Total Net Assets Fund Balance$2,407,965$2,501,702▲ $93,737
Total Liabilities and Net Assets / Fund Balance$2,577,163$2,639,758▲ $62,595

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,203$45,027$62,230
Leasehold Improvements$1,470$2,205$3,675
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anna MurphyExec VP/sec/FT$142,850$43,043$185,893
Anna MurphyExec VP/sec/treas-$142,850$43,043$185,893

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$785,936
Program Service Revenue
$746,969
Investment Income
$65,094
Other Revenue
$2,483
All Other Contributions
$10,000
Change in Net Assets
$93,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,032,422
Salaries, Compensation, and Employee Benefits$474,323
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$74,409$166,553-$240,962
Current Officers, Directors, Trustees, and Key Employees$63,553$142,252-$205,805
Fees for Services Other$112,608--$112,608
Fees for Services Accounting-$65,359-$65,359
Occupancy-$43,533-$43,533
Conferences and Meetings-$37,190-$37,190
Travel-$20,653-$20,653
Payroll Taxes$6,338$14,152-$20,490
Information Technology-$13,276-$13,276
Office Expenses-$12,870-$12,870
Depreciation Depletion-$9,148-$9,148
Pension Plan Contributions$2,182$4,884-$7,066
Insurance-$6,995-$6,995
Other Expenses$702,908$2,237-$2,237
Interest-$1,310-$1,310
Total Functional Expenses$961,998$544,747$0$1,506,745
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$59,445
Finance Lease Obligation$18,366
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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 up to two representatives in the governing body.

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

Each member organization has up to two representatives 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
Exec VP/sec/treas
Phone
3038324460
Signed
2024-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anna Murphy
Formed
1987
Legal Domicile
Co
Voting Board Members
17
Independent Board Members
16
Employees
19

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Ken Roth
Phone
3038308109
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012870
IRS990/OfficeExpensesGrp/TotalAmt012870
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IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc0DIRECT RESEARCH PROJECT
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12237
IRS990/OtherExpensesGrp/ProgramServicesAmt0702908
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IRS990/OtherExpensesGrp/TotalAmt14335
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0166553
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt074409
IRS990/OtherSalariesAndWagesGrp/TotalAmt0240962
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014152
IRS990/PayrollTaxesGrp/ProgramServicesAmt06338
IRS990/PayrollTaxesGrp/TotalAmt020490
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04884
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IRS990/PYOtherRevenueAmt042
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IRS990/PYRevenuesLessExpensesAmt0227309
IRS990/PYSalariesCompEmpBnftPaidAmt0450604
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IRS990/PYTotalRevenueAmt01528758
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt093737
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0746969
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02261078
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0511320
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01242357
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt065094
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt049987
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt035191
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt031690
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt035183
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0749452
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0726650
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0689130
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0645582
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02882
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt065094
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt049987
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0217145
IRS990ScheduleA/InvestmentIncomeCYPct00.03000
IRS990ScheduleA/InvestmentIncomePYPct00.03000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.56270
IRS990ScheduleA/PublicSupportPY509Pct00.58260
IRS990ScheduleA/PublicSupportTotal509Amt03926215
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0578675
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0583626
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0370687
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0860460
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0441117
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02834565
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0578675
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0583626
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0370687
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0860460
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0441117
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01478771
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01344480
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01156902
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01245239
IRS990ScheduleA/Total509Grp/TotalAmt06760780
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01600482
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01528758
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01379671
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01188592
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01280422
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06977925
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt017203
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045027
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt062230
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01470
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02205
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03675
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt059445
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt118366
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OFFICE LEASE OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FINANCE LEASE OBLIGATION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018673

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