San Antonio Livestock Exposition Inc

“The organization has or had at least 10,357 life members over the course of their existence, that have paid anywhere from $100 to $200 in total to become a life member. During fye 3/31/25, a total of $82,200 was received from the current life members (415 new members). The board has designated these and previous funds collected from the life members for scholarships. Annually, these life members meet and cast ballots to elect members of the executive committee, who provide for the governance of the organization.”

“During the annual meeting, the life members elect the current year's officers from a selected group of individuals nominated by the election committee.”

“The audit committee, a sub-committee of the finance committee/executive committee, along with senior management, reviews the form 990, and any recommendations are incorporated in the return, for which they give their final approval.”

“Conflict of interest statements are circulated to the staff and directors each year and any conflicting interests are noted and followed.”

“The finance sub-committee of san antonio livestock exposition, inc (sale) serves also as the compensation committee, and determines and recommends to the executive committee amounts to be paid to the executive director and other executive leaders/highly compensated employees of sale. The committee uses outside consultants to perform compensation studies to help determine reasonable compensation amounts for all employees, but especially the executive leadership. During 2008, the committee established a supplemental executive retirement plan (serp) for the benefit of the executive leadership. Its philosophy/purpose was to promote stability, retention capability and attractiveness to the executive leadership, and to recognize and reward individual and group excellence. The serp plan design for the others includes a defined contribution benefit. The benefit is not payable until age 66 or death, and is subject to substantial risk of forfeiture if they leave prior to age 66. Other plans for retention were reviewed by the committees, but after much research and analysis, the current plan was adopted.”

“The finance sub-committee of san antonio livestock exposition, inc (sale) serves also as the compensation committee, and determines and recommends to the executive committee amounts to be paid to the executive director and other executive leaders/highly compensated employees of sale. The committee uses outside consultants to perform compensation studies to help determine reasonable compensation amounts for all employees, but especially the executive leadership. During 2008, the committee established a supplemental executive retirement plan (serp) for the benefit of the executive leadership. Its philosophy/purpose was to promote stability, retention capability and attractiveness to the executive leadership, and to recognize and reward individual and group excellence. The serp plan design for the others includes a defined contribution benefit. The benefit is not payable until age 66 or death, and is subject to substantial risk of forfeiture if they leave prior to age 66. Other plans for retention were reviewed by the committees, but after much research and analysis, the current plan was adopted.”

“The organization will furnish a copy of their form 990 and form 1023 upon written request.”

“The organization will furnish a copy of their governing documents, conflict of interest policy and financial statements upon written request.”

“The opening sentence in san antonio livestock exposition's (sale) website - "a volunteer organization that emphasizes agriculture and education to develop the youth of texas" sums of the mission (see the website for the full description of mission statement).”

“Description:materials & supplies total expenses:3211621 program services:1999428 management and general:156145 fundraising:1056048”

“Description:rents total expenses:2411955 program services:1705705 management and general:700000 fundraising:6250”

“Description:contract labor total expenses:1506026 program services:1422439 management and general:83587 fundraising:”

“Description:show clean up total expenses:1616718 program services:1610886 management and general:fundraising:5832”

“Description:equipment rental total expenses:611042 program services:559226 management and general:51816 fundraising:”

“Description:utilities total expenses:505986 program services:454927 management and general:51059 fundraising:”

“Description:donations total expenses:404950 program services:2750 management and general:1000 fundraising:401200”

“Description:maintenance total expenses:336331 program services:302175 management and general:34156 fundraising:”

“Description:auction items total expenses:226584 program services:215999 management and general:fundraising:10585”

“Description:printing total expenses:143095 program services:141006 management and general:2089 fundraising:”

“Description:dues & subscriptions total expenses:10869 program services:3013 management and general:7856 fundraising:”

“Description:miscellaneous total expenses:3044496 program services:2572721 management and general:230162 fundraising:241613”