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Beef Logic INC FY2024 filing

Tax-deductible

Pierre, SD501(c)(3)Food & Agriculture EIN 87-2043795Revenue $785K in FY2024

On file with the IRS316 Coteau St Suite 202, 57501-3189 · Pierre, SDTax-exempt since Jun 2022Publicly supported charity — 170(b)(1)(A)(vi)

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To support and expand education, communication and research of the health benefits of Beef.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
3 of 4
filings with a surplus
Average surplus $10K a year · 2% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $342K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$15K
158% of total assets
Concern: liabilities are 158% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$785K
+53% vs prior year
Spent
$754K
To programs
95%
Net assets
−$6K
By yearFY2022–FY2025
Revenue
$785K
FY2024▲ +53%
Tap a bar for its year
Revenue by fiscal year
FY2022$336K
FY2023$514K
FY2024$785K
FY2025$699K
Expenses
$754K
FY2024▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2022$274K
FY2023$612K
FY2024$754K
FY2025$654K
Net assets
−$6K
FY2024▲ +85%
Tap a bar for its year
Net assets by fiscal year
FY2022$62K
FY2023−$36K
FY2024−$6K
FY2025$39K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
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 Jun 2022.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $719K Management & general 5% · $35K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Eric Sumption
President
$0Pt VII · Sec A
Les Shaw
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Erin Yost
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Casey Cowan
Director
$0Pt VII · Sec A
Jeff Fylling
Director
$0Pt VII · Sec A
Nate Moe
Director
$0Pt VII · Sec A
See Beef Logic INC 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 15aNo

Programs and updates

Promotes beef's health benefits through education, communication, and research.

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Provided by the organization

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1 program · $719K · in their own filed words · FY2023
01

Build Your Base

Educational outreach and programs for youth and adults showcasing sports nutrition and training programs using beef as the premier protein. Events include meal preparation and athletic training information, primarily focusing on athletic programs and sporting events.

$719Kprogram 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
South Dakota Beef Industry Council INCFY2024$306K
Sanford Group ReturnFY2024$28K
Monument Health Rapid City Hospital INCFY2024$9K
Total grants receivedfrom 3 funders$342K
See all 3 funders →
Grants paid · 14 grants · $368K · 2021–2024
Individual RecipientFY2024$50,000
Janus Nutrition LLCFY2024$29,167
Indoor Football LeagueSD · FY2024$25,000
CsccaFY2024$20,000
Jackrabbit Sports Properties LLCFY2024$14,500
Coyote Sports Properties LLCFY2024$14,500
Unitemized GrantFY2024$11,800
Indoor Football LeagueSD · FY2023$70,000
Individual RecipientFY2023$38,000
CsccaFY2023$25,400
Augustana UniversityFY2023$8,000
Individual RecipientFY2023$5,000
Unitemized GrantFY2021$31,500
National Scholastic Athletics Foundation INCMA · FY2021$25,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$785K
Ln 12
Gifts and grantsLn 1h$592K
Fees for servicesLn 2g$193K
Money outPt IX
$754K
Ln 25
Programscol B$719K
Managementcol C$35K
Owns and owesPt X
−$6K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$10K
LiabilitiesLn 26$15K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$592K
Fees for servicesLn 2g$193K
Total revenueLn 12$785K
Assets in detailPt X, end of year
CashLn 1$7K
Cash and savings togetherLn 1–2$7K
Total assetsLn 16$10K
LiabilitiesLn 26$15K
Net assetsLn 32−$6K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$7K
Total assetsLn 16$7K$10K
LiabilitiesLn 26$43K$15K
Net assetsLn 32−$36K−$6K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$197K$197K
Grants to domestic individualsLn 2$32K$32K
Pay of current officers, directors and key staffLn 5$90K$86K$4K$0
Pay of disqualified personsLn 6$118K$112K$5K$0
Other employee benefitsLn 9$13K$13K$594$0
Payroll taxesLn 10$16K$15K$715$0
Legal feesLn 11b$2K$2K$0$0
Accounting feesLn 11c$6K$0$6K$0
Other fees for servicesLn 11g$340$340$0$0
Advertising and promotionLn 12$221K$220K$2K$0
Office expensesLn 13$15K$7K$7K$0
OccupancyLn 16$5K$796$4K$0
TravelLn 17$23K$23K$0$0
Conferences, conventions and meetingsLn 19$399$0$399$0
InsuranceLn 23$2K$0$2K$0
Other expenses (24a–d)Ln 24$14K$12K$2K$0
Total functional expensesLn 25$754K$719K$35K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $699K$654K$44K$39K 990 PDF
FY2024 Viewing $785K$754K$31K−$6K 990 PDF
FY2023 $514K$612K−$98K−$36K 990 PDF
FY2022 $336K$274K$62K$62K 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 FY2024 990 (6 parts)
Part I · Summary $784,616 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $394,808$591,500
I-9 Program service revenuePrior year $119,426$193,116
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $514,234$784,616
I-13 Grants and similar amounts paidPrior year $187,900$228,800
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $143,221$236,854
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $281,285$288,165
I-18 Total expensesPrior year $612,406$753,819
I-19 Revenue less expensesPrior year −$98,172$30,797
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $784,616 across 4 lines filed
VIII-1f All other contributions, gifts and grants$591,500
VIII-1h Total contributions, gifts and grants$591,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$193,116
VIII-12 Total revenueRelated to mission $193,116 · Unrelated business $0 · Excluded from tax $0$784,616
Part IX · Statement of functional expenses $753,819 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $197,300$197,300
IX-2 Grants to domestic individualsPrograms $31,500$31,500
IX-5 Pay of current officers, directors and key staffPrograms $85,950 · Management $4,050 · Fundraising $0$90,000
IX-6 Pay of disqualified personsPrograms $112,461 · Management $5,299 · Fundraising $0$117,760
IX-9 Other employee benefitsPrograms $12,606 · Management $594 · Fundraising $0$13,200
IX-10 Payroll taxesPrograms $15,179 · Management $715 · Fundraising $0$15,894
IX-11b Legal feesPrograms $1,603 · Management $0 · Fundraising $0$1,603
IX-11c Accounting feesPrograms $0 · Management $6,200 · Fundraising $0$6,200
IX-11g Other fees for servicesPrograms $340 · Management $0 · Fundraising $0$340
IX-12 Advertising and promotionPrograms $219,685 · Management $1,674 · Fundraising $0$221,359
IX-13 Office expensesPrograms $7,028 · Management $7,475 · Fundraising $0$14,503
IX-16 OccupancyPrograms $796 · Management $4,132 · Fundraising $0$4,928
IX-17 TravelPrograms $22,880 · Management $0 · Fundraising $0$22,880
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $399 · Fundraising $0$399
IX-23 InsurancePrograms $0 · Management $1,952 · Fundraising $0$1,952
IX-24 Other expenses (24a–d)Programs $11,712 · Management $2,289 · Fundraising $0$14,001
IX-25 Total functional expensesPrograms $719,040 · Management $34,779 · Fundraising $0$753,819
Part X · Balance sheet $9,647 assets, 7 lines filed
X-1 Cash, non-interest-bearing$7,330
X-4 Accounts receivableStart of year $6,920$2,317
X-16 Total assetsStart of year $6,920$9,647
X-17 Accounts payable and accrued expensesStart of year $43,299$15,229
X-26 Total liabilitiesStart of year $43,299$15,229
X-32 Total net assets or fund balancesStart of year −$36,379−$5,582
X-33 Total liabilities and net assetsStart of year $6,920$9,647
Part XI · Reconciliation of net assets −$5,582 net assets at year end
XI-1 Total revenue$784,616
XI-2 Total expenses$753,819
XI-3 Revenue less expenses$30,797
XI-4 Net assets at start of year−$36,379
XI-10 Net assets at end of year−$5,582

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

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