Financials & Reports
Pork Checkoff 2020 Stakeholder Report
The National Pork Board’s agile approach — at the speed of business — improved programs and priorities despite the crises the pork industry endured in 2020.
2021 National Pork Board Budget Expense Summary
2021 National Pork Board Program Dollars
Balance Sheet (000)
| Balance Sheet | 2020 (Unaudited) | 2019 (Audited) |
|---|---|---|
| Assets | ||
| Cash and Short-Term Investments | $34,157 | $50,243 |
| Accounts Receivable/Other Assets | 1,139 | 4,221 |
| Current Assets | 35,296 | 54,464 |
| Non-current Assets | 27,200 | 2,404 |
| Total Assets | 62,496 | 56,868 |
| Liabilities | ||
| Accounts Payable | 6,327 | 9,418 |
| Research Grants Payable | 5,447 | 6,854 |
| Long-Term-PTOWM | 0 | 0 |
| Total Liabilities | 11,774 | 16,272 |
| Reserve Balance | ||
| Designated | 0 | 0 |
| Undesignated | 50,722 | 40,596 |
| Total Fund Balance | 50,722 | 40,596 |
| Total Liabilities and Fund Balance | $62,496 | $56,868 |
Statement of Revenue and Expenses (000)
| Statement of Revenue and Expenses | 2020 (Unaudited) | 2019 (Audited) |
|---|---|---|
| Revenue | ||
| Market Deductions | $72,332 | $77,663 |
| Other: Program Income, Interest, etc | 7,749 | 6,961 |
| Total Revenue | 80,081 | 84,624 |
| Expenses | ||
| Domestic Marketing and International Trade | 28,880 | 28,029 |
| Science and Technology | 5,097 | 12,590 |
| Communications | 4,085 | 4,833 |
| Shareholder Outreach | 6,289 | 6,018 |
| Social Responsibility | 3,728 | 0 |
| Policy and Management | 8,415 | 7,966 |
| State Funding/PASLWOCO | 13,278 | 14,541 |
| Interest Expense | 776 | 91 |
| Total Expenses | 70,548 | 74,068 |
| Total (Deficit) Surplus For Period | $9,533 | $10,556 |
Pork Checkoff Return on Investment
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