Beefmaster Breeders United

Not tax-deductible

Bryan, TX501(c)(5)EIN 74-1457036

Improve the beefamster breed

Run by 250 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $83K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$201K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $79K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$321K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
-5% vs prior year
Spent
$1.7M
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$1.6M
FY2024▼ -5%
Revenue by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.9M
FY2023$1.7M
FY2024$1.6M
Expenses
$1.7M
FY2024▼ -0.5%
Expenses by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$1.7M
FY2023$1.7M
FY2024$1.7M
Net assets
$1.2M
FY2024▼ -6%
Net assets by fiscal year
FY2020$810K
FY2021$965K
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1977.

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

Who runs it and what they're paid

19 people listed on the 990; $201K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Vice Pres (as of 8/15/24)
$111,122Pt VII · Sec A
Executive Vice Pres (1/1/24-8/14/24))
$89,810Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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

NameFY2024FY2023FY2022FY2021FY2020
Dr Joe W Mask$89,810$134,346———
Collin Osbourn——$121,131$112,848$93,003
Dr Lance Bauer$111,122————
Joe W Mask PHD——$42,445——

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.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Unites breeders to improve the Beefmaster cattle breed through education and community.

Provided by the organization

This section is blank until Beefmaster Breeders United claims this page.

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2 program services, described in the organization's own filed words · FY2024.
01

Costs incurred by beefmaster breeders united [bbu] are for the principle purpose of improving the beefmaster breed of cattle. Services include cattle certification, classification, transfers and other miscellaneous programs.

Pt IX · col B
02

The bbu has 4,400 members. The official magazine of the organization is the beefmaster cowman.

Pt IX · col B

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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 1 funder$79K
Grants paid · 1 grant · $152K · 2020–2020

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.5M
Other incomeLn 4–11$63K
Investment incomeLn 3$2K
Money outPt IX
$1.7M
Ln 25
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$907K
Total assetsLn 16$1.5M
LiabilitiesLn 26$321K
PeoplePt VI, VII
19
listed · VII A
PaidVII A2
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$2K
Other incomeLn 4–11$63K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$70K
SavingsLn 2$837K
Cash and savings togetherLn 1–2$907K
InvestmentsLn 11–13$227K
Land, buildings, equipmentLn 10c$61K
Other assetsLn 15$93K
Total assetsLn 16$1.5M
LiabilitiesLn 26$321K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 59
VolunteersI 6250
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$847K$907K
InvestmentsLn 11–13$244K$227K
Land, buildings, equipmentLn 10c$105K$61K
Total assetsLn 16$1.4M$1.5M
LiabilitiesLn 26$183K$321K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$201K
Other salaries and wagesLn 7$340K
Pension plan contributionsLn 8$28K
Other employee benefitsLn 9$23K
Payroll taxesLn 10$44K
Other fees for servicesLn 11g$109K
Advertising and promotionLn 12$208K
Office expensesLn 13$89K
Information technologyLn 14$7K
OccupancyLn 16$51K
TravelLn 17$80K
Conferences, conventions and meetingsLn 19$21K
InterestLn 20$453
Depreciation, depletion and amortizationLn 22$36K
InsuranceLn 23$52K
Other expenses (24a–d)Ln 24$361K
Total functional expensesLn 25$1.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.6M$1.7M−$83K$1.2M 990 PDF
FY2023 $1.7M$1.7M−$1K$1.2M 990 PDF
FY2022 $1.9M$1.7M$185K$1.1M 990 PDF
FY2021 $1.6M$1.5M$135K$965K 990 PDF
FY2020 $1.6M$1.5M$180K$810K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,568,051 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,502,877$1,502,877
VIII-3 Investment incomeExcluded from tax $2,226$2,226
VIII-8 Net income from fundraising eventsExcluded from tax −$18,481−$18,481
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $50,453 · Excluded from tax $30,976$81,429
VIII-12 Total revenueRelated to mission $1,553,330 · Unrelated business $0 · Excluded from tax $14,721$1,568,051
Part IX · Statement of functional expenses $1,650,835 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$200,931
IX-7 Other salaries and wages$339,899
IX-8 Pension plan contributions$28,251
IX-9 Other employee benefits$23,083
IX-10 Payroll taxes$43,516
IX-11g Other fees for services$108,796
IX-12 Advertising and promotion$208,471
IX-13 Office expenses$88,861
IX-14 Information technology$7,413
IX-16 Occupancy$51,455
IX-17 Travel$80,036
IX-19 Conferences, conventions and meetings$21,231
IX-20 Interest$453
IX-22 Depreciation, depletion and amortization$35,830
IX-23 Insurance$51,729
IX-24 Other expenses (24a–d)$360,880
IX-25 Total functional expenses$1,650,835
Part X · Balance sheet $1,485,135 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $51,986$70,445
X-2 Savings and temporary cash investmentsStart of year $795,334$837,022
X-4 Accounts receivableStart of year $68,816$163,420
X-9 Prepaid expenses and deferred chargesStart of year $45,739$32,126
X-10c Land, buildings and equipment, netStart of year $105,404$61,363
X-13 Program-related investmentsStart of year $244,062$227,425
X-15 Other assetsStart of year $114,603$93,334
X-16 Total assetsStart of year $1,425,944$1,485,135
X-17 Accounts payable and accrued expensesStart of year $55,204$174,597
X-19 Deferred revenueStart of year $47,174$116,938
X-25 Other liabilitiesStart of year $80,713$29,904
X-26 Total liabilitiesStart of year $183,091$321,439
X-27 Net assets without donor restrictionsStart of year $1,236,964$1,163,696
X-28 Net assets with donor restrictionsStart of year $5,889$0
X-32 Total net assets or fund balancesStart of year $1,242,853$1,163,696
X-33 Total liabilities and net assetsStart of year $1,425,944$1,485,135
Part XI · Reconciliation of net assets $1,163,696 net assets at year end
XI-1 Total revenue$1,568,051
XI-2 Total expenses$1,650,835
XI-3 Revenue less expenses−$82,784
XI-4 Net assets at start of year$1,242,853
XI-5 Net unrealized gains (losses) on investments$39,462
XI-8 Prior period adjustments−$35,835
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,163,696

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

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