Financials & Reports - Pork Checkoff

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