Civic Intelligence

Beefmaster Educational Endowment Foundation

990 • Fiscal year 2022 • EIN 27-0527219

Jan 01, 2022 to Dec 31, 2022 • Filed on May 24, 2023

Organization Profile
234 W Bandera Rd 184Boerne, TX 78006

(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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

33rd percentile

0.03x

Higher debt load relative to revenue than 33% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

96th percentile

81%

Higher net margin than 96% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

47th percentile

0.4%

Faster asset growth than 47% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

8th percentile

-44%

Faster revenue growth than 8% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$1,271,339

Up $5,478 (+0.4%) from 2021

Net Assets

Up

$1,265,334

Up $5,475 (+0.4%) from 2021

Liabilities

Up

$6,005

Up $3 (+0.0%) from 2021

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin96th percentile

Revenue

Down

$224,836

Down $175,221 (-44%) from 2021

Expenses

Down

$43,833

Down $64,734 (-60%) from 2021

Net Income

Down

$181,003

Down $110,487 (-38%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth47th 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

2022

Assets$1,271,339
Liabilities$6,005
Net Assets$1,265,334
Open 2022 Filing

Operations Trend

Revenue Growth8th 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

2022

Revenue$224,836
Expenses$43,833
Net Income$181,003
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 24, 2023
Return Version
2022v5.0
Gross Receipts
$224,906
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$1,253,376$1,249,073▼ $4,303
Cash and Non-Interest-Bearing Accounts$12,485$21,716▲ $9,231
Accounts Receivable-$550-
Total Assets$1,265,861$1,271,339▲ $5,478
Liabilities
Accounts Payable and Accrued Expenses$6,002$6,005▲ $3
Total Liabilities$6,002$6,005▲ $3
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,259,859$1,265,334▲ $5,475
Total Net Assets Fund Balance$1,259,859$1,265,334▲ $5,475
Total Liabilities and Net Assets / Fund Balance$1,265,861$1,271,339▲ $5,478
Compensation and Service Providers
Top Officer PayScore unavailable

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
$202,454
Program Service Revenue
$0
Investment Income
$1,032
Other Revenue
$21,350
All Other Contributions
$202,454
Change in Net Assets
$181,003
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$26,170
Other Expenses$17,663
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$20,170--$20,170
Grants to Domestic Individuals$6,000--$6,000
Office Expenses-$1,909-$1,909
Fees for Services Accounting-$458-$458
Other Expenses$150--$150
Total Functional Expenses$41,466$2,367$0$43,833
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Various----
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$21,420
Fundraising Direct Expenses$70
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraiser Auct$21,420$21,420$70$21,350
Total Events$21,420$21,420$70$21,350
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
234 W BANDERA RD 184, BOERNE, TX 78006

Signing Officer

Name
Lorenzo Lasater
Title
President
Signed
2023-05-24
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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IRS990/MissionDesc0THE 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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ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,271,339
Liabilities
$6,005
Net assets
$1,265,334
Revenue
$224,836
Expenses
$43,833
Net income
$181,003
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
2022Detailed filing. Detailed filing data is available for this year.$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