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Beet Sugar Development Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 840406810 ✦ Denver, CO ✦ Designated as a 501(c)(3)

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Overview

What is Beet Sugar Development Foundation?

The Beet Sugar Development Foundation, situated in Denver, Colorado, is a nonprofit organization committed to the advancement of beet sugar production. They achieve this goal through various means, including conducting educational programs on beet sugar technology, managing beet disease research nurseries, and financially backing beet technology research projects. The organization's mission is to foster innovation, collaboration, and growth in the beet sugar sector, aiming to enhance its efficiency and sustainability. With a team of 23 dedicated individuals, the Beet Sugar Development Foundation is actively engaged in research and education to drive progress in the beet sugar industry.


Official website here: www.bsdf-assbt.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 95% (Four-Star out of Four Stars)

The Beet Sugar Development Foundation has achieved a noteworthy 95% rating from Charity Navigator, indicating a strong commitment to accountability and financial management. This rating is based entirely on its accountability and finance score, reflecting the organization's transparency and effective governance practices. The foundation's fiscal year 2023 performance showcases its dedication to sound financial practices.

The foundation demonstrates an impressive governance structure with 94% independent board members, contributing to its strong oversight capabilities. It has also established comprehensive policies, including conflict of interest and whistleblower policies, ensuring ethical operations. The absence of any material diversion of assets further emphasizes the foundation's integrity in managing its resources.

In terms of financial health, the Beet Sugar Development Foundation maintains a favorable liabilities to assets ratio of 6.56% and allocates 68.92% of its expenses directly to programs, illustrating its focus on mission-related activities. While the organization excels in its financial practices, continual evaluation of program effectiveness may enhance its overall impact.


This AI summary has been generated from information found on Charity Navigator.

Is Beet Sugar Development Foundation legitimate?

Beet Sugar Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beet Sugar Development Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $191,040
Professional Fundraising Fees: $0
Other Salaries and Wages: $296,081

For more financial information, click here


Official website here: www.bsdf-assbt.org

What is the mission statement of Beet Sugar Development Foundation?

The Beet Sugar Development Foundation is committed to advancing the production of beet sugar. They achieve this goal through research, education, and collaborative partnerships. The organization conducts educational programs on beet sugar technology, manages beet disease research nurseries, and funds projects focusing on beet technology research. Their primary objective is to enhance the efficiency and sustainability of the beet sugar industry.


Official website here: www.bsdf-assbt.org

Who is the CEO of Beet Sugar Development Foundation?

Anna Murphy is the Exec Vp, Sec of Beet Sugar Development Foundation.


Official website here: www.bsdf-assbt.org

What is the revenue of Beet Sugar Development Foundation?

Beet Sugar Development Foundation's revenue in 2022 was $1,379,671.


Official website here: www.bsdf-assbt.org

Who are the executives of Beet Sugar Development Foundation and what are their salaries?

The average compensation at Beet Sugar Development Foundation during 2022 was $21,179. There are 23 employees at Beet Sugar Development Foundation.


Here are 20 key members and their salaries:


Anna Murphy (Exec Vp, Sec)
  • Compensation: $122,598
  • Related: $0
  • Other: $5,511
Paul Pfenninger (Exec Vp, Sec)
  • Compensation: $62,322
  • Related: $0
  • Other: $10,315
Greg Dean (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyler Grove (1St Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Ruhlman (2Nd Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Lowry (Processing A)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Garland (Processing A)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derwood Brady (Processing A)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Darnell (Agriculture)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vince Salzman (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Bigger (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Anfinrud (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Ingulsrud (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Schmidt (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyler Ring (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Regitnig (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Parker Thilmony (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Metzger (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Fry (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Winn (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bsdf-assbt.org

Where can I find the form 990 for Beet Sugar Development Foundation?

Beet Sugar Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bsdf-assbt.org

Learn more at the official website: www.bsdf-assbt.org

Mission Statement of Beet Sugar Development Foundation

The Beet Sugar Development Foundation is committed to fostering the advancement of beet sugar production. This nonprofit organization achieves its mission through three primary means: research, education, and partnerships. By conducting schools on beet sugar technology, running beet disease research nurseries, and funding beet technology research projects, the Beet Sugar Development Foundation plays a crucial role in driving innovations in the beet sugar industry. The organization's dedication to these pursuits aims to improve the efficiency and sustainability of beet sugar production, ultimately benefiting both the industry and the communities it serves.

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Impact




July, 2024

The impact of the Beet Sugar Development Foundation is significant in advancing beet sugar production through research, education, and partnerships. Through conducting schools on beet sugar technology, running beet disease research nurseries, and funding beet technology research projects, the foundation plays a crucial role in enhancing the efficiency and sustainability of beet sugar production. Its efforts contribute to improved agricultural practices, technological advancements, and knowledge sharing within the industry, leading to enhanced productivity and competitiveness in the food sector.




This information is meant to be a general summary of Beet Sugar Development Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,379,671 (2022)
201120122013201420152016201720182019202020212022$0$450k$900k$1.35M$1.8M
Expenses
$1,498,397 (2022)
201120122013201420152016201720182019202020212022$0$400k$800k$1.2M$1.6M
Efficiency
2011201220132014201520162017201820192020202120220%15%30%54%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $35,191
  • Program Service Revenue: $684,113
  • Gross Receipts: $1,379,671

Assets and Liabilities:

  • Total Assets: $2,212,262
  • Total Liabilities: $31,606
  • Net Assets: $2,180,656

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Organization Details

Founding Year

1987

Principal Officer

Anna Murphy

Main Address

800 GRANT STREET SUITE 300, DENVER, CO, 80203

NTEE Category

Code: K20Z - Food

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