Civic Intelligence

Beefmaster Educational Endowment Foundation

990 • Fiscal year 2019 • EIN 27-0527219

Jan 01, 2019 to Dec 31, 2019 • Filed on May 21, 2020

Organization Profile
1955 Cr 106Paige, TX 78659

(512) 659-5428

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$791,893

No earlier filing loaded for comparison.

Net Assets

$623,893

No earlier filing loaded for comparison.

Liabilities

$168,000

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

$301,091

No earlier filing loaded for comparison.

Expenses

$131,601

No earlier filing loaded for comparison.

Net Income

$169,490

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2019: $791,893Liabilities 2019: $168,000Net Assets 2019: $623,8932019Assets 2020: $972,291Liabilities 2020: $123,000Net Assets 2020: $849,2912020Assets 2021: $1,265,861Liabilities 2021: $6,002Net Assets 2021: $1,259,8592021Assets 2022: $1,271,339Liabilities 2022: $6,005Net Assets 2022: $1,265,3342022Assets 2024: $1,759,774Liabilities 2024: $13,998Net Assets 2024: $1,745,7762024

Highlighted filing

2019

Assets$791,893
Liabilities$168,000
Net Assets$623,893
Open 2019 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Revenue 2019: $301,091Expenses 2019: $131,601Net Income 2019: $169,4902019Revenue 2020: $285,298Expenses 2020: $136,054Net Income 2020: $149,2442020Revenue 2021: $400,057Expenses 2021: $108,567Net Income 2021: $291,4902021Revenue 2022: $224,836Expenses 2022: $43,833Net Income 2022: $181,0032022Revenue 2024: $227,465Expenses 2024: $67,371Net Income 2024: $160,0942024

Highlighted filing

2019

Revenue$301,091
Expenses$131,601
Net Income$169,490
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 21, 2020
Return Version
2019v5.0
Gross Receipts
$301,091
Mission and Program Overview

Mission

The objectives and purposes of the organizations are as follows: 1. To support the educational goals of members of the junior beefmasters breeders association (jbba) by establishing a permanent scholarship fund competitively available to all academically qualified candidates without regard to race, religion, gender or national origin. 2. To assist in the development, publication and dissemination of educational materials to the general public and beef breeders regarding the characteristics of the beefmaster breed. 3. To further understanding of the diseases and other ailments that afflicts cattle in general and beefmasters in particular with the goals of breed improvement and assuring public food safety. 4. To fund research into beefmaster genetics and cattle genetics in general in such areas such as feed efficiency, tenderness, longevity and other heritable traits in order to better serve the cattle industry and the general public with better products.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$416,844$685,876▲ $269,032
Cash and Non-Interest-Bearing Accounts$136,343$105,914▼ $30,429
Intangible Assets$331--
Inventories for Sale or Use$205$103▼ $102
Total Assets$553,723$791,893▲ $238,170
Liabilities
Unsecured Notes Loans Payable$168,000$168,000→ $0
Total Liabilities$168,000$168,000→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$385,723$623,893▲ $238,170
Total Net Assets Fund Balance$385,723$623,893▲ $238,170
Total Liabilities and Net Assets / Fund Balance$553,723$791,893▲ $238,170
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dave LoftinPresident
Bub EpleyDirector
Clark JonesDirector
John LongDirector
John PiersonDirector
Kendall MckenzieDirector
Lorenzo LasaterDirector
Marie WelknerDirector
Sue PiersonDirector
Teri ThompsonDirector
Debbie CheathamSecretary
Ty AgeeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$300,414
Program Service Revenue
$0
Investment Income
$651
Other Revenue
$26
All Other Contributions
$300,414
Change in Net Assets
$169,490

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$86,929
Total Noncash Contributions1$86,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$113,033
Other Expenses$18,568
Total Fundraising Expense$8,227
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$109,533--$109,533
Grants to Domestic Individuals$3,500--$3,500
Fees for Services Accounting-$1,950-$1,950
Office Expenses-$1,210-$1,210
Depreciation Depletion$331--$331
Other Expenses$103-$8,227$103
Travel$24--$24
Total Functional Expenses$120,214$3,160$8,227$131,601
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Beefmaster Breeders UnitedSan Antonio, TX--$31,401
Texas A&m UniversityCollege Station, TX---
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Beefmaster Educational Endowment
EIN
27-0527219
Address
1955 CR 106, PAIGE, TX 78659

Signing Officer

Name
Dave Loftin
Title
President
Phone
4178279391
Signed
2020-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dave Loftin
Formed
2009
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

Firm
Medack & Oltmann Llp
Address
PO BOX 237, GIDDINGS, TX 78942
Preparer
REMINGTON T O'DELL CPA
Phone
9795423713
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The objectives and purposes of the organizations are as follows: 1. To support the educational goals of members of the junior beefmasters breeders association (jbba) by establishing a permanent scholarship fund competitively available to all academically qualified candidates without regard to race, religion, gender or national origin. 2. To assist in the development, publication and dissemination of educational materials to the general public and beef breeders regarding the characteristics of the beefmaster breed. 3. To further understanding of the diseases and other ailments that afflicts cattle in general and beefmasters in particular with the goals of breed improvement and assuring public food safety. 4. To fund research into beefmaster genetics and cattle genetics in general in such areas such as feed efficiency, tenderness, longevity and other heritable traits in order to better serve the cattle industry and the general public with better products.”

Form 990, Part XI, Line 9

“A prior year period adjustment has been made to correct accounts payable.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE OBJECTIVES AND PURPOSES OF THE ORGANIZATIONS ARE AS FOLLOWS: 1. TO SUPPORT THE EDUCATIONAL GOALS OF MEMBERS OF THE JUNIOR BEEFMASTERS BREEDERS ASSOCIATION (JBBA) BY ESTABLISHING A PERMANENT SCHOLARSHIP FUND COMPETITIVELY AVAILABLE TO ALL ACADEMICALLY QUALIFIED CANDIDATES WITHOUT REGARD TO RACE, RELIGION, GENDER OR NATIONAL ORIGIN. 2. TO ASSIST IN THE DEVELOPMENT, PUBLICATION AND DISSEMINATION OF EDUCATIONAL MATERIALS TO THE GENERAL PUBLIC AND BEEF BREEDERS REGARDING THE CHARACTERISTICS OF THE BEEFMASTER BREED. 3. TO FURTHER UNDERSTANDING OF THE DISEASES AND OTHER AILMENTS THAT AFFLICTS CATTLE IN GENERAL AND BEEFMASTERS IN PARTICULAR WITH THE GOALS OF BREED IMPROVEMENT AND ASSURING PUBLIC FOOD SAFETY. 4. TO FUND RESEARCH INTO BEEFMASTER GENETICS AND CATTLE GENETICS IN GENERAL IN SUCH AREAS SUCH AS FEED EFFICIENCY, TENDERNESS, LONGEVITY AND OTHER HERITABLE TRAITS IN ORDER TO BETTER SERVE THE CATTLE INDUSTRY AND THE GENERAL PUBLIC WITH BETTER PRODUCTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A PRIOR YEAR PERIOD ADJUSTMENT HAS BEEN MADE TO CORRECT ACCOUNTS PAYABLE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02020-09-22 18:59:49Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$791,893
Liabilities
$168,000
Net assets
$623,893
Revenue
$301,091
Expenses
$131,601
Net income
$169,490
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.01$1.75$0.23$0.07$0.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.01$1.27$0.22$0.04$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.01$1.26$0.40$0.11$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.12$0.85$0.29$0.14$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.79$0.17$0.62$0.30$0.13$0.17