Civic Intelligence

Beefmaster Educational Endowment Foundation

990 • Fiscal year 2021 • EIN 27-0527219

Jan 01, 2021 to Dec 31, 2021 • Filed on May 16, 2002

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

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

28th percentile

0.02x

Higher debt load relative to revenue than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

94th percentile

73%

Higher net margin than 94% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

77th percentile

30%

Faster asset growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

72nd percentile

40%

Faster revenue growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$1,265,861

Up $293,570 (+30%) from 2020

Net Assets

Up

$1,259,859

Up $410,568 (+48%) from 2020

Liabilities

Down

$6,002

Down $116,998 (-95%) from 2020

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin94th percentile

Revenue

Up

$400,057

Up $114,759 (+40%) from 2020

Expenses

Down

$108,567

Down $27,487 (-20%) from 2020

Net Income

Up

$291,490

Up $142,246 (+95%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

2021

Assets$1,265,861
Liabilities$6,002
Net Assets$1,259,859
Open 2021 Filing

Operations Trend

Revenue Growth72nd percentile

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

2021

Revenue$400,057
Expenses$108,567
Net Income$291,490
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 16, 2002
Return Version
2021v4.0
Gross Receipts
$400,057
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$911,953$1,253,376▲ $341,423
Cash and Non-Interest-Bearing Accounts$60,235$12,485▼ $47,750
Inventories for Sale or Use$103--
Total Assets$972,291$1,265,861▲ $293,570
Liabilities
Unsecured Notes Loans Payable$123,000--
Accounts Payable and Accrued Expenses-$6,002-
Total Liabilities$123,000$6,002▼ $116,998
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$849,291$1,259,859▲ $410,568
Total Net Assets Fund Balance$849,291$1,259,859▲ $410,568
Total Liabilities and Net Assets / Fund Balance$972,291$1,265,861▲ $293,570
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Lorenzo LasaterPresident
Don EvansDirector
John LongDirector
John PiersonDirector
Kendall MckenzieDirector
Kris ForeDirector
Marie WelkenerDirector
Mark BlauDirector
Ty AgeeDirector
Debbie CheathamSecretary/tr
Clark JonesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$259,887
Program Service Revenue
$0
Investment Income
$370
Other Revenue
$139,800
All Other Contributions
$259,887
Change in Net Assets
$291,490

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$44,051
Total Noncash Contributions1$44,051
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$91,523
Other Expenses$17,044
Total Fundraising Expense$3,489
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$79,023--$79,023
Grants to Domestic Individuals$12,500--$12,500
Fees for Services Accounting-$1,950-$1,950
Office Expenses-$1,897-$1,897
Other Expenses$103-$3,489$103
Total Functional Expenses$101,231$3,847$3,489$108,567
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Beefmaster Breeders UnitedSan Antonio, TX--$34,972
Oklahoma State UniversityStillwater, OK---
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$16,800
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraiser Auct$16,800$16,800-$16,800
Total Events$16,800$16,800-$16,800
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
Lorenzo Lasater
Title
President
Signed
2002-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lorenzo Lasater
Formed
2009
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0

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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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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,265,861
Liabilities
$6,002
Net assets
$1,259,859
Revenue
$400,057
Expenses
$108,567
Net income
$291,490
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
2021Detailed filing. Detailed filing data is available for this year.$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