Civic Intelligence

Beefmaster Educational Endowment Foundation

990 • Fiscal year 2020 • EIN 27-0527219

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 11, 2021

Organization Profile
1955 Cr 106Paige, TX 78659

(512) 659-5428

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.13x

Higher debt load relative to assets than 62% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.43x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

90th percentile

52%

Higher net margin than 90% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets62nd percentile

Assets

$972,291

No earlier filing loaded for comparison.

Net Assets

$849,291

No earlier filing loaded for comparison.

Liabilities

$123,000

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin90th percentile

Revenue

$285,298

No earlier filing loaded for comparison.

Expenses

$136,054

No earlier filing loaded for comparison.

Net Income

$149,244

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0Assets 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

2020

Assets$972,291
Liabilities$123,000
Net Assets$849,291
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0Revenue 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

2020

Revenue$285,298
Expenses$136,054
Net Income$149,244
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 11, 2021
Return Version
2020v4.0
Gross Receipts
$285,298
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$685,876$911,953▲ $226,077
Cash and Non-Interest-Bearing Accounts$105,914$60,235▼ $45,679
Inventories for Sale or Use$103$103→ $0
Total Assets$791,893$972,291▲ $180,398
Liabilities
Unsecured Notes Loans Payable$168,000$123,000▼ $45,000
Total Liabilities$168,000$123,000▼ $45,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$623,893$849,291▲ $225,398
Total Net Assets Fund Balance$623,893$849,291▲ $225,398
Total Liabilities and Net Assets / Fund Balance$791,893$972,291▲ $180,398
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Laurence M Lasater JrPresident
Chris KauffmanDirector
Dan GattisDirector
John LongDirector
John PiersonDirector
Kendall MckenzieDirector
Kris ForeDirector
Marie WelknerDirector
Sue PiersonDirector
Ty AgeeDirector
Debbie CheathamSecretary/tr
Clark JonesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$212,061
Program Service Revenue
$0
Investment Income
$374
Other Revenue
$72,863
All Other Contributions
$212,061
Change in Net Assets
$149,244

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$73,336
Total Noncash Contributions1$73,336
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$119,948
Other Expenses$16,106
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$112,948--$112,948
Grants to Domestic Individuals$7,000--$7,000
Interest$4,320--$4,320
Fees for Services Accounting-$2,550-$2,550
Office Expenses-$1,369-$1,369
Other Expenses$156--$156
Total Functional Expenses$132,135$3,919$0$136,054
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Beefmaster Breeders UnitedSan Antonio, TX--$39,612
Oklahoma State UniversityStillwater, OK---
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
Laurence M Lasater Jr
Title
President
Phone
4178279391
Signed
2021-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurence M Lasater Jr
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 78942-3855
Preparer
Melodi J Oltmann 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.”

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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BEEFMASTER BREEDERS UNITED
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1TEXAS A&M UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2OKLAHOMA STATE UNIVERSITY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt06800 PARK TEN BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1400 BIZZELL ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2310 N MONROE ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0SUITE 290 WEST
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IRS990ScheduleI/RecipientTable/USAddress/CityNm1COLLEGE STATION
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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/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
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAURENCE M LASATER JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$972,291
Liabilities
$123,000
Net assets
$849,291
Revenue
$285,298
Expenses
$136,054
Net income
$149,244
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
2020Detailed filing. Detailed filing data is available for this year.$0.97$0.12$0.85$0.29$0.14$0.15