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.
Request for Proposal
Year End National and State Audit RFP
National Pork Board is soliciting proposals from Certified Public Accounting firms to provide independent audit services for years ending December 31st for the next three years starting for the year ending 2021.
Proposal submissions are due by Friday, October 14, 2021.
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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