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Beefmaster Breeders United FY2022 filing

Not tax-deductible

Bryan, TX501(c)(5)EIN 74-1457036Revenue $1.9M in FY2022

On file with the IRSbeefmasters.org3833 South Texas Ave, 77802-4039 · Bryan, TXTax-exempt since Mar 1977

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Improve the beefamster breed

$164K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2022 · 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
$164K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 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
$310K
21% of total assets
Looks good: liabilities are 21% 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
$1.9M
+15% vs prior year
Spent
$1.7M
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$1.9M
FY2022▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.9M
FY2023$1.7M
FY2024$1.6M
Expenses
$1.7M
FY2022▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$1.7M
FY2023$1.7M
FY2024$1.7M
Net assets
$1.1M
FY2022▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$810K
FY2021$965K
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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; $164K paid to officers and key staff.

Part VII, Section A · reportable compensation
Collin Osbourn
Executive Vice President
$121,131Pt VII · Sec A
Joe W Mask PHD
Executive Vice President
$42,445Pt VII · Sec A
Dave Loftin
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Kito Saenz
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Cindy Emmons
Director
$0Pt VII · Sec A
Ty Agee
Director
$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.

See Beefmaster Breeders United 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 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.

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2 programs · in their own filed words · FY2022
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 4,000 members. The official magazine of the organization is the beefmaster cowman.

Pt IX · col B

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
U S Livestock Genetics Export INCFY2024$79K
Total grants receivedfrom 1 funder$79K
Grants paid · 1 grant · $152K · 2020–2020
Beefmaster Educational Endowment FoundationTX · FY2020$151,800

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$253K
Other incomeLn 4–11$102K
Money outPt IX
$1.7M
Ln 25
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$878K
Total assetsLn 16$1.5M
LiabilitiesLn 26$310K
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$253K
Other incomeLn 4–11$102K
Gains on assetsLn 7$253K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$117K
SavingsLn 2$761K
Cash and savings togetherLn 1–2$878K
InvestmentsLn 11–13$120K
Land, buildings, equipmentLn 10c$93K
Other assetsLn 15$105K
Total assetsLn 16$1.5M
LiabilitiesLn 26$310K
Net assetsLn 32$1.1M
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 FY22End FY22
Cash and savingsLn 1–2$694K$878K
InvestmentsLn 11–13$157K$120K
Land, buildings, equipmentLn 10c$660K$93K
Total assetsLn 16$1.7M$1.5M
LiabilitiesLn 26$691K$310K
Net assetsLn 32$965K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$164K
Other salaries and wagesLn 7$290K
Other employee benefitsLn 9$42K
Payroll taxesLn 10$40K
Other fees for servicesLn 11g$75K
Advertising and promotionLn 12$333K
Office expensesLn 13$94K
Information technologyLn 14$22K
OccupancyLn 16$74K
TravelLn 17$87K
Conferences, conventions and meetingsLn 19$14K
InterestLn 20$20K
Depreciation, depletion and amortizationLn 22$34K
InsuranceLn 23$47K
Other expenses (24a–d)Ln 24$340K
Total functional expensesLn 25$1.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.6M$1.7M−$83K$1.2M 990 PDF
FY2023 $1.7M$1.7M−$1K$1.2M 990 PDF
FY2022 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,859,540 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,566,198$1,503,805
I-10 Investment incomePrior year $13$253,284
I-11 Other revenuePrior year $56,306$102,451
I-12 Total revenuePrior year $1,622,517$1,859,540
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $546,602$535,157
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $940,795$1,139,673
I-18 Total expensesPrior year $1,487,397$1,674,830
I-19 Revenue less expensesPrior year $135,120$184,710
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,859,540 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,503,805$1,503,805
VIII-3 Investment incomeExcluded from tax $20$20
VIII-7 Net gain or loss on sales of assetsExcluded from tax $253,264$253,264
VIII-8 Net income from fundraising eventsExcluded from tax −$7,896−$7,896
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $110,347$110,347
VIII-12 Total revenueRelated to mission $1,503,805 · Unrelated business $0 · Excluded from tax $355,735$1,859,540
Part IX · Statement of functional expenses $1,674,830 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$163,576
IX-7 Other salaries and wages$290,428
IX-9 Other employee benefits$41,523
IX-10 Payroll taxes$39,630
IX-11g Other fees for services$74,514
IX-12 Advertising and promotion$333,423
IX-13 Office expenses$93,633
IX-14 Information technology$21,819
IX-16 Occupancy$74,090
IX-17 Travel$86,579
IX-19 Conferences, conventions and meetings$14,475
IX-20 Interest$19,715
IX-22 Depreciation, depletion and amortization$34,331
IX-23 Insurance$47,261
IX-24 Other expenses (24a–d)$339,833
IX-25 Total functional expenses$1,674,830
Part X · Balance sheet $1,458,621 assets, 16 lines filed
Asset lines not itemized here account for $117,822; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $459,523$117,126
X-2 Savings and temporary cash investmentsStart of year $234,588$761,124
X-4 Accounts receivableStart of year $60,520$90,103
X-9 Prepaid expenses and deferred chargesStart of year $31,471$54,841
X-10c Land, buildings and equipment, netStart of year $659,723$92,588
X-13 Program-related investmentsStart of year $157,351$119,631
X-15 Other assetsStart of year $52,220$105,386
X-16 Total assetsStart of year $1,655,396$1,458,621
X-17 Accounts payable and accrued expensesStart of year $191,464$119,725
X-19 Deferred revenueStart of year $52,374$52,374
X-25 Other liabilitiesStart of year $7,978$118,498
X-26 Total liabilitiesStart of year $690,751$309,924
X-27 Net assets without donor restrictionsStart of year $958,756$1,142,808
X-28 Net assets with donor restrictionsStart of year $5,889$5,889
X-32 Total net assets or fund balancesStart of year $964,645$1,148,697
X-33 Total liabilities and net assetsStart of year $1,655,396$1,458,621
Part XI · Reconciliation of net assets $1,148,697 net assets at year end
XI-1 Total revenue$1,859,540
XI-2 Total expenses$1,674,830
XI-3 Revenue less expenses$184,710
XI-4 Net assets at start of year$964,645
XI-8 Prior period adjustments−$658
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,148,697

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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