United States Beet Sugar Association
- Assets
- $2.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 09/1939
- Data as of
- 12/2022
- EIN
- 53-0159300
Organization Overview
United States Beet Sugar Association is located in Washington, DC. The organization was established in 1939. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, United States Beet Sugar Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Beet Sugar Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, United States Beet Sugar Association generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
U.S. BEET SUGAR ASSOCIATION'S MISSION IS TO ADVANCE THE UNIFIED OBJECTIVES OF AMERICA'S SUGARBEET COOPERATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTATION OF AND COMMUNICATION TO MEMBERS AND THE GENERAL PUBLIC REGARDING ISSUES RELEVANT TO THE U.S. BEET SUGAR INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Flegenheimer Vice President | OfficerTrustee | 1 | $0 |
Tom Astrup Trustee | Trustee | 1 | $0 |
John Mccreedy Trustee | Trustee | 1 | $0 |
Kurt Wickstorm Trustee | Trustee | 1 | $0 |
Ian O'connell Trustee | Trustee | 1 | $0 |
Rodney Perry Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hunton Andrews Kurth Llp Legal Service | 12/30/22 | $979,270 |
Cassidy Levy Kent Llp Legal Service | 12/30/22 | $685,970 |
Baker Hostetler Llp Legal And Consulting Services | 12/30/22 | $370,195 |
Forbes Tate Partners Consulting Services | 12/30/22 | $180,000 |
Geraldine Edens Pa Legal Service | 12/30/22 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,370,440 |
| Investment income | $3,032 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,373,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $746,921 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $350,922 |
| Pension plan accruals and contributions | $30,619 |
| Other employee benefits | $15,690 |
| Payroll taxes | $46,036 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,926,049 |
| Fees for services: Accounting | $28,551 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $300 |
| Fees for services: Other | $395,203 |
| Advertising and promotion | $0 |
| Office expenses | $16,531 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,119 |
| Travel | $61,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $157,733 |
| Interest | $1,077 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,008 |
| Insurance | $10,043 |
| All other expenses | $0 |
| Total functional expenses | $4,020,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $538,848 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $81,196 |
| Net Land, buildings, and equipment | $52,018 |
| Investments—publicly traded securities | $1,332,478 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $710,867 |
| Total assets | $2,715,407 |
| Accounts payable and accrued expenses | $399,994 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $938,770 |
| Total liabilities | $1,338,764 |
| Net assets without donor restrictions | $1,376,643 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,715,407 |