American Royal Association Inc

“The american royal artwork collection is comprised of various artifacts that tell the story not only of the association's rich history but also of kansas city's role in the agriculture industry, livestock and equine events, and bbq. The artwork is used as powerful visual tool when hosting the various student groups and other visitors from around the country.”

“The organizations' endowment funds are held and administered by the american royal association charitable foundation trust for the american royal association, inc. The endowment consists of three funds designated by the governing body to function as endowments (board-designated quasi endowment funds). The organizations have adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs and other items supported by its endowment while seeking to maintain the purchasing power of the endowment. The association expects to spend all earnings on the endowment funds annually and can spend 10 percent of the principal of endowment annually. Any portion of investment return that is not distributed for a particular calendar year will be added to the principal.”

“The association and foundation are nonprofit educational and charitable organizations exempt from income tax under section 501(c)(3) of the internal revenue code (the "code") and a similar provision of state law. The association qualifies for the maximum charitable contribution limitation and has been classified as an organization that is not a private foundation since it has been determined to be a publicly supported organization, as described in 509(a)(2) of the code. The foundation qualified for the maximum charitable contribution limitation and has been classified as an organization that is not a private foundation because it has been determined to be a supporting organization of the association, as described in section 509(a)(3) of the code. However, the association and foundation are subject to federal income tax on any unrelated business taxable income. In addition, the organizations did not have any uncertain tax positions at december 31, 2024. The organizations are no longer subject to income tax examinations by taxing authorities for years before 2021.”

“Cost of goods sold net with revenue on form 990 387,233. Special event expenses net with revenues on form 990 62,403.”

“Investment income reported as a change in net assets in financial statements 198,238. Gain on sale of property and equipment 1,498.”

“Cost of goods sold net with revenue on form 990 387,233. Special event expenses net with revenues on form 990 62,403. Write off of grants payable -6,502.”