The Angus Foundation, the 501(c)(3) not-for-profit affiliate of the american Angus association, secures and stewards charitable gifts to cultivate and foster the advancement of education, youth and research activities benefiting the Angus breed.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$111K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.1M a year · 34% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$111K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $26.8M in investments, Pt X · Ln 11–13
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $135K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$172K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-22% vs prior year
Spent
$1.4M
To programs
62%
Net assets
$27.5M
By yearFY2020–FY2025
Revenue
$1.8M
FY2024▼ -22%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$2.5M
FY2022$2.6M
FY2023$2.3M
FY2024$1.8M
FY2025$7.5M
Expenses
$1.4M
FY2024▲ +0.9%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$924K
FY2022$1.3M
FY2023$1.4M
FY2024$1.4M
FY2025$6.2M
Net assets
$27.5M
FY2024▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$23.4M
FY2021$25.5M
FY2022$22.1M
FY2023$23.7M
FY2024$27.5M
FY2025$29.1M

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $888K Management & general 21% · $299K Fundraising 17% · $251K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $111K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$111,345Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Outside Representative
$0Pt VII · Sec A
Outside Representative
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jenkins Milford—————$185,815
Schoenbine Rodney—————$124,111
Upperman Jaclyn$110,580$111,345$93,191———
Marten Thomas——$48,016$95,507$90,040—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Angus Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes education, youth programs, and research for Angus cattle.

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Provided by the organization

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3 programs · $888K · in their own filed words · FY2023
01

Support and sponsor the national junior angus association, youth beef industry congress, young cattleman's conference, and other programs and events. Beef academy is a new, go-to resource for beef industry information, tailored to national junior angus association (njaa) members' needs.

$463Kprogram expense
02

Annual scholarships are awarded to qualifying individuals.

$388Kprogram expense
03

Provide funding for research projects to identify possible solutions to the unique challenges incurred by agricultural interests, specifically the beef cattle industry.

$36Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$135K
See all 4 funders →
Grants paid · 24 grants · $8.5M · 2019–2024
University of New EnglandME · FY2024$4,678,500
Unitemized GrantFY2024$384,250
American Angus AssociationMO · FY2024$307,992
Unitemized GrantFY2023$388,500
American Angus AssociationMO · FY2023$267,079
Colorado State UniversityFY2023$36,000
Unitemized GrantFY2022$350,625
American Angus AssociationMO · FY2022$347,154
Kansas State UniversityFY2022$92,610
North Carolina State UniversityFY2022$20,000
Unitemized GrantFY2021$318,625
American Angus AssociationMO · FY2021$261,816
Kansas State UniversityFY2021$64,000
Unitemized GrantFY2020$220,618
American Angus AssociationMO · FY2020$171,342
Unitemized GrantFY2020$49,382
Kansas State UniversityFY2020$41,000
See all 24 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Investment incomeLn 3$893K
Gifts and grantsLn 1h$747K
Other incomeLn 4–11$163K
Money outPt IX
$1.4M
Ln 25
Programscol B$888K
Managementcol C$299K
Fundraisingcol D$251K
Owns and owesPt X
$27.5M
net assets · Ln 32
Cash and savingsLn 1–2$474K
Total assetsLn 16$27.7M
LiabilitiesLn 26$172K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$747K
Noncash giftsLn 1g$58K
Fundraising eventsLn 1c$153K
Investment incomeLn 3$893K
Other incomeLn 4–11$163K
Gains on assetsLn 7−$203K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$187K
SavingsLn 2$287K
Cash and savings togetherLn 1–2$474K
InvestmentsLn 11–13$26.8M
Total assetsLn 16$27.7M
LiabilitiesLn 26$172K
Net assetsLn 32$27.5M
OperationsPt I, VI
EmployeesI 53
VolunteersI 630
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.0M$474K
InvestmentsLn 11–13$22.4M$26.8M
Total assetsLn 16$23.9M$27.7M
LiabilitiesLn 26$249K$172K
Net assetsLn 32$23.7M$27.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$303K$303K
Grants to domestic individualsLn 2$388K$388K
Pay of current officers, directors and key staffLn 5$137K$58K$79K
Other salaries and wagesLn 7$92K$32K$60K
Pension plan contributionsLn 8$8K$4K$3K
Other employee benefitsLn 9$36K$22K$14K
Payroll taxesLn 10$16K$10K$6K
Legal feesLn 11b$433$433
Accounting feesLn 11c$30K$30K
Investment management feesLn 11f$48K$48K
Other fees for servicesLn 11g$17K$17K
Advertising and promotionLn 12$5K$76$134$5K
Office expensesLn 13$13K$855$10K$2K
Information technologyLn 14$10K$9K$120
OccupancyLn 16$40K$40K
TravelLn 17$49K$5K$43K
Conferences, conventions and meetingsLn 19$43K$7K$37K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$183K$178K$4K$1K
Total functional expensesLn 25$1.4M$888K$299K$251K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7.5M$6.2M$1.3M$29.1M 990 PDF
FY2024 Viewing $1.8M$1.4M$367K$27.5M 990 PDF
FY2023 $2.3M$1.4M$891K$23.7M 990 PDF
FY2022 $2.6M$1.3M$1.2M$22.1M 990 PDF
FY2021 $2.5M$924K$1.6M$25.5M 990 PDF
FY2020 $2.1M$1.1M$1.0M$23.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,803,679 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,122,174$747,405
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,017,242$892,861
I-11 Other revenuePrior year $175,960$163,413
I-12 Total revenuePrior year $2,315,376$1,803,679
I-13 Grants and similar amounts paidPrior year $810,389$691,579
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $233,809$288,866
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $380,122$456,566
I-18 Total expensesPrior year $1,424,320$1,437,011
I-19 Revenue less expensesPrior year $891,056$366,668
Part VI · Governance 6 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,803,679 across 11 lines filed
Lines not itemized here account for $30,238 of total revenue; see the IRS return.
VIII-1c Fundraising events$152,817
VIII-1d Related organizations$20,000
VIII-1f All other contributions, gifts and grants$574,588
VIII-1g Noncash contributions (included above)$57,573
VIII-1h Total contributions, gifts and grants$747,405
VIII-3 Investment incomeExcluded from tax $1,096,267$1,096,267
VIII-5 RoyaltiesExcluded from tax $155,509$155,509
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$203,406−$203,406
VIII-8 Net income from fundraising eventsExcluded from tax −$22,585−$22,585
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $251$251
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,056,274$1,803,679
Part IX · Statement of functional expenses $1,437,011 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $303,079$303,079
IX-2 Grants to domestic individualsPrograms $388,500$388,500
IX-5 Pay of current officers, directors and key staffManagement $58,249 · Fundraising $78,630$136,879
IX-7 Other salaries and wagesManagement $31,734 · Fundraising $60,270$92,004
IX-8 Pension plan contributionsManagement $4,494 · Fundraising $3,158$7,652
IX-9 Other employee benefitsManagement $22,017 · Fundraising $14,196$36,213
IX-10 Payroll taxesManagement $9,838 · Fundraising $6,280$16,118
IX-11b Legal feesManagement $433$433
IX-11c Accounting feesManagement $30,352$30,352
IX-11f Investment management feesManagement $47,707$47,707
IX-11g Other fees for servicesPrograms $16,850$16,850
IX-12 Advertising and promotionPrograms $76 · Management $134 · Fundraising $5,000$5,210
IX-13 Office expensesPrograms $855 · Management $9,910 · Fundraising $2,188$12,953
IX-14 Information technologyManagement $9,488 · Fundraising $120$9,608
IX-16 OccupancyManagement $40,200$40,200
IX-17 TravelManagement $5,453 · Fundraising $43,429$48,882
IX-19 Conferences, conventions and meetingsManagement $6,683 · Fundraising $36,525$43,208
IX-23 InsuranceManagement $18,442$18,442
IX-24 Other expenses (24a–d)Programs $178,142 · Management $3,570 · Fundraising $1,009$182,721
IX-25 Total functional expensesPrograms $887,502 · Management $298,704 · Fundraising $250,805$1,437,011
Part X · Balance sheet $27,658,145 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $18,395$186,752
X-2 Savings and temporary cash investmentsStart of year $1,003,627$287,265
X-3 Pledges and grants receivableStart of year $413,412$259,350
X-4 Accounts receivableStart of year $924$0
X-8 Inventories for sale or useStart of year $34,140$119,620
X-9 Prepaid expenses and deferred chargesStart of year $32,107$25,711
X-11 Publicly traded securitiesStart of year $22,410,287$26,779,447
X-16 Total assetsStart of year $23,912,892$27,658,145
X-17 Accounts payable and accrued expensesStart of year $249,281$172,453
X-26 Total liabilitiesStart of year $249,281$172,453
X-27 Net assets without donor restrictionsStart of year $4,934,788$5,786,323
X-28 Net assets with donor restrictionsStart of year $18,728,823$21,699,369
X-32 Total net assets or fund balancesStart of year $23,663,611$27,485,692
X-33 Total liabilities and net assetsStart of year $23,912,892$27,658,145
Part XI · Reconciliation of net assets $27,485,692 net assets at year end
XI-1 Total revenue$1,803,679
XI-2 Total expenses$1,437,011
XI-3 Revenue less expenses$366,668
XI-4 Net assets at start of year$23,663,611
XI-5 Net unrealized gains (losses) on investments$3,455,413
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$27,485,692

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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