Stiles Farm Foundation

“Farm management services and supervision, including a full time farm manager, are delegated to texas a&m agrilife extension of the texas a&m university system. Compensation of $92,885 was paid for these services in 2019.”

“Form 990 is prepared by a consulting certified public accountant. A copy of the return is made available to the staff of the texas a&m agrilife extension of the texas a&m university system for review and approval prior to the filing of the return.”

“The directors are all regents of the texas a&m university system and are governed by the policies of the regents, including conflict of interest, whistleblower, record retention and destruction, compensation, and joint ventures. Compliance with these policies is monitored by the staff of the texas a&m university system.”

“The foundation pays no compensation to directors, officers or key employees. The director of the texas a&m agrilife extension of the texas a&m university system functions as the chief executive officer of the foundation. The director is an employee of the texas a&m university system and his compensation is determined in accordance with the policies of the system. The farm manager is an employee of texas a&m agrilife extension of the texas a&m university system, and his compensation is determined in accordance with the policies of the texas a&m university system.”

“The foundation was established pursuant to the will of jv and ha stiles. The board of regents of the texas a&m university system serves as the trustees of the foundation in accordance with terms of the original bequest. The governing documents are avalable for inspection, upon reasonable request, at both the foundation headquarters near thrall, texas and at the texas a&m university system headquarters at college station, texas.”

“Maintenance & repairs: program service expenses 38,668. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,668. Professional fees: program service expenses 34,723. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,723. Livestock expenses: program service expenses 24,828. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,828. Tires, fuel & lubricants: program service expenses 19,176. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,176. Tools & supplies: program service expenses 9,083. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,083. Utilities: program service expenses 6,604. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,604. Stiles farm field day: program service expenses 2,683. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,683. Gardening/specialty crops: program service expenses 1,650. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,650. Grain storage: program service expenses 1,166. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,166. Contracted services: program service expenses 324. Management and general expenses 0. Fundraising expenses 0. Total expenses 324. Miscellaneous: program service expenses -406. Management and general expenses 0. Fundraising expenses 0. Total expenses -406.”

“ROUNDING -1.”