Civic Intelligence

Beefmaster Breeders United

990 • Fiscal year 2019 • EIN 74-1457036

Aug 01, 2018 to Jul 31, 2019 • Filed on Jan 15, 2020

Organization ProfileWWW.BEEFMASTERS.ORG

View Organization Page

118 W Bandera RoadBoerne, TX 78006

(210) 732-3132

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

0.50x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

0.46x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Net Margin

55th percentile

8.6%

Higher net margin than 55% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

44th percentile

$92,267

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Asset Growth

46th percentile

4.9%

Faster asset growth than 46% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

66th percentile

7.3%

Faster revenue growth than 66% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$1,301,036

Up $60,280 (+4.9%) from 2018

Net Assets

Up

$656,935

Up $119,843 (+22%) from 2018

Liabilities

Down

$644,101

Down $59,563 (-8.5%) from 2018

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin55th percentile

Revenue

Up

$1,399,940

Up $94,713 (+7.3%) from 2018

Expenses

Down

$1,280,097

Down $133,012 (-9.4%) from 2018

Net Income

Up

$119,843

Up $227,725 (+211%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $628,636Liabilities 2011: $109,931Net Assets 2011: $518,7052011Assets 2012: $702,723Liabilities 2012: $141,216Net Assets 2012: $561,5072012Assets 2013: $683,043Liabilities 2013: $93,395Net Assets 2013: $589,6482013Assets 2014: $794,573Liabilities 2014: $173,627Net Assets 2014: $620,9462014Assets 2015: $801,501Liabilities 2015: $119,629Net Assets 2015: $681,8722015Assets 2016: $881,497Liabilities 2016: $197,434Net Assets 2016: $684,0632016Assets 2017: $1,357,448Liabilities 2017: $712,474Net Assets 2017: $644,9742017Assets 2018: $1,240,756Liabilities 2018: $703,664Net Assets 2018: $537,0922018Assets 2019: $1,301,036Liabilities 2019: $644,101Net Assets 2019: $656,9352019Assets 2020: $1,477,253Liabilities 2020: $667,098Net Assets 2020: $810,1552020Assets 2021: $1,655,396Liabilities 2021: $690,751Net Assets 2021: $964,6452021Assets 2022: $1,458,621Liabilities 2022: $309,924Net Assets 2022: $1,148,6972022Assets 2023: $1,425,944Liabilities 2023: $183,091Net Assets 2023: $1,242,8532023Assets 2024: $1,485,135Liabilities 2024: $321,439Net Assets 2024: $1,163,6962024

Highlighted filing

2019

Assets$1,301,036
Liabilities$644,101
Net Assets$656,935
Open 2019 Filing

Operations Trend

Revenue Growth66th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $987,5672011Expenses 2012: $863,3192012Expenses 2013: $907,6992013Revenue 2014: $1,007,245Expenses 2014: $929,503Net Income 2014: $77,7422014Revenue 2015: $1,095,063Expenses 2015: $1,034,137Net Income 2015: $60,9262015Revenue 2016: $1,285,179Expenses 2016: $1,282,988Net Income 2016: $2,1912016Revenue 2017: $1,334,930Expenses 2017: $1,374,019Net Income 2017: -$39,0892017Revenue 2018: $1,305,227Expenses 2018: $1,413,109Net Income 2018: -$107,8822018Revenue 2019: $1,399,940Expenses 2019: $1,280,097Net Income 2019: $119,8432019Revenue 2020: $1,645,405Expenses 2020: $1,465,641Net Income 2020: $179,7642020Revenue 2021: $1,622,517Expenses 2021: $1,487,397Net Income 2021: $135,1202021Revenue 2022: $1,859,540Expenses 2022: $1,674,830Net Income 2022: $184,7102022Revenue 2023: $1,658,553Expenses 2023: $1,659,577Net Income 2023: -$1,0242023Revenue 2024: $1,568,051Expenses 2024: $1,650,835Net Income 2024: -$82,7842024

Highlighted filing

2019

Revenue$1,399,940
Expenses$1,280,097
Net Income$119,843
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Jan 15, 2020
Return Version
2018v3.1
Gross Receipts
$1,399,940
Mission and Program Overview

Mission

To enhance breeders' ability to raise and promote cattle

Improve the beefamster breed

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$735,193$695,493▼ $39,700
Other Notes and Loans Receivable, Net$168,000$168,000→ $0
Cash and Non-Interest-Bearing Accounts$48,451$156,682▲ $108,231
Investments Program Related$91,447$94,099▲ $2,652
Savings and Temporary Cash Investments$85,068$85,065▼ $3
Accounts Receivable$69,509$43,977▼ $25,532
Prepaid Expenses and Deferred Charges$43,088$5,585▼ $37,503
Total Assets$1,240,756$1,301,036▲ $60,280
Other Assets Total$0$52,135▲ $52,135
Liabilities
Mortgage Notes Payable Secured by Investment Property$484,323$468,096▼ $16,227
Accounts Payable and Accrued Expenses$102,839$77,586▼ $25,253
Deferred Revenue$54,942$59,374▲ $4,432
Other Liabilities$61,560$39,045▼ $22,515
Total Liabilities$703,664$644,101▼ $59,563
Net Assets / Fund Balance
Unrestricted Net Assets$531,203$651,046▲ $119,843
Temporarily Rstr Net Assets$5,889$5,889→ $0
Total Net Assets Fund Balance$537,092$656,935▲ $119,843
Total Liabilities and Net Assets / Fund Balance$1,240,756$1,301,036▲ $60,280

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$443,531$34,637$478,168
Equipment$32,272$440,092$472,364
Land$219,690-$219,690
Other Land Buildings$0$14,112$14,112
Leasehold Improvements$0$7,270$7,270
Investment Program Related Org$94,099--
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Collin R OsbournExecutive Vice PresidentFT$92,267$92,267

Board Members and Trustees

NameTitle
Robbert SiddonsPresident
Jc ThompsonVice President
Brian MelloanDirector
Derek FrenzelDirector
Dr Jim ColvinDirector
Gary HalepeskaDirector
James SkeltonDirector
Jerry ThomasDirector
Justin WilliamsDirector
Kendall MckenzieDirector
Larry LairmoreDirector
Sue PiersonDirector
Tony PsencikDirector
Trey SchererDirector
Steve CarpenterEx-officio
Dan GattisSecretary
Chris KauffmanTreausurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,378,220
Investment Income
$-194
Other Revenue
$21,914
Change in Net Assets
$119,843

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,399,940
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,399,940
Total Revenue per Form 990
$1,399,940
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$771,535
Salaries, Compensation, and Employee Benefits$508,562
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$323,915
Advertising---$207,308
Current Officers, Directors, Trustees, and Key Employees---$97,850
Fees for Services Other---$81,459
Office Expenses---$69,091
Travel---$66,572
Depreciation Depletion---$39,700
Other Employee Benefits---$34,485
Payroll Taxes---$30,746
Insurance---$29,707
Interest---$24,465
Pension Plan Contributions---$21,566
Occupancy---$20,290
Other Expenses---$17,277
Information Technology---$10,240
Conferences and Meetings---$2,841
Total Functional Expenses$0$0$0$1,280,097

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,280,097
Total Expenses per Audited Statements$1,280,097
Total Expenses per Form 990$1,280,097
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligation$39,045
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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, Part VI, Section B, Line 11B

“The executive vice president reviews the form 990 before filing.”

Form 990, Part VI, Section B, Line 12C

“A copy of the conflict of interest policy is provided to officers and directors to be read, signed and returned annually.”

Form 990, Part VI, Section B, Line 15A

“The board reviews and approves the salary for the executive vice president [evp] and compares the amount to similar organizations. The board reviews the evp's compensation every year in july.”

Form 990, Part VI, Section C, Line 19

“The documents are available upon request. The financial statements are presented to members at quarterly meetings.”

Filing and Contact Details

Filer

Filer Name
Beefmaster Breeders United
EIN
74-1457036
Phone
2107323132
Address
118 W BANDERA ROAD, BOERNE, TX 78006

Signing Officer

Name
Collin R Osbourn
Title
Executive Vice President
Phone
2107323132
Signed
2020-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Collin R Osbourn
Formed
1961
Legal Domicile
TX
Voting Board Members
17
Independent Board Members
17
Employees
11
Volunteers
250

Preparer

Firm
Randy Walker & Co
Address
7800 IH 10 WEST STE 505, SAN ANTONIO, TX 78230
Preparer
Randy L Walker CPA
Phone
2103669430
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization's process for assuming responsibility for oversight of the audit, review, or compilation of its financial statements and the selection of an independent auditor have not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization is a not-for-profit corporation as described in section 501(c)(5) of the internal revenue code (the code), as outlined in a letter dated september 24, 1962, and is therefore exempt from federal income tax on related income pursuant to section 501(a) of the code. The provisions of accounting standards codification (asc) 740-10 on accounting for uncertainty in income taxes requires recognition and disclosure of uncertain tax positions in the financial statements. Under asc 740-10, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more-likely-than-not that the position will be sustained. The organization's management believes that it has appropriate support for any tax positions taken and that it has no material uncertain tax positions. Accordingly, it will not recognize any related liability. For the years ended july 31, 2019 and 2018, the organization did not recognize any interest or penalties. As of july 31, 2019, the tax years that remain subject to examination by taxing authorities begin with 2016.”

Raw XML AppendixShowing 400 of 508 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15TREAUSURER
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01961
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01399940
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt010240
IRS990/InsuranceGrp/TotalAmt029707
IRS990/InterestGrp/TotalAmt024465
IRS990/InvestmentIncomeGrp/ExclusionAmt0-194
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0-194
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt091447
IRS990/InvestmentsProgramRelatedGrp/EOYAmt094099
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0496111
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0735193
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0695493
IRS990/LandBldgEquipCostOrOtherBssAmt01191604
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ENHANCE BREEDERS' ABILITY TO RAISE AND PROMOTE CATTLE
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0484323
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0468096
IRS990/NetAssetsOrFundBalancesBOYAmt0537092
IRS990/NetAssetsOrFundBalancesEOYAmt0656935
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/TotalAmt020290
IRS990/OfficeExpensesGrp/TotalAmt069091
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt052135
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt034485
IRS990/OtherExpensesGrp/Desc0MEMBERS SERVICES
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2POSTAGE
IRS990/OtherExpensesGrp/TotalAmt0175931
IRS990/OtherExpensesGrp/TotalAmt126654
IRS990/OtherExpensesGrp/TotalAmt217277
IRS990/OtherLiabilitiesGrp/BOYAmt061560
IRS990/OtherLiabilitiesGrp/EOYAmt039045
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1110000
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1BEEFMASTER CATTLEMEN L
IRS990/OtherRevenueMiscGrp/ExclusionAmt015597
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06317
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015597
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16317
IRS990/OtherRevenueTotalAmt021914
IRS990/OtherSalariesAndWagesGrp/TotalAmt0323915
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0168000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0168000
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt030746
IRS990/PensionPlanContributionsGrp/TotalAmt021566
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt043088
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05585
IRS990/PrincipalOfficerNm0COLLIN R OSBOURN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1WHOLE HERD REPORTING
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc3CERTIFICATES
IRS990/ProgramServiceRevenueGrp/Desc4TRANSFERS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0415098
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1277500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2247770
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3244508
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4144120
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0415098
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1277500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2247770
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3244508
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4144120
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION HAS 3,062 MEMBERS. THE OFFICIAL MAGAZINE OF THE ORGANIZATION IS THE BEEFMASTER COWMAN.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04117
IRS990/PYOtherExpensesAmt0891188
IRS990/PYOtherRevenueAmt0-3417
IRS990/PYProgramServiceRevenueAmt01304527
IRS990/PYRevenuesLessExpensesAmt0-107882
IRS990/PYSalariesCompEmpBnftPaidAmt0521921
IRS990/PYTotalExpensesAmt01413109
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01305227
IRS990/ReconcilationRevenueExpnssAmt0119843
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt085068
IRS990/SavingsAndTempCashInvstGrp/EOYAmt085065
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0443531
IRS990ScheduleD/BuildingsGrp/DepreciationAmt034637
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0478168
IRS990ScheduleD/EquipmentGrp/BookValueAmt032272
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0440092
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0472364
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01280097
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt094099
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0LIMITED PARTNERSHIP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt0219690
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0219690
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07270
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07270
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014112
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014112
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt039045
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01399940
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE (THE CODE), AS OUTLINED IN A LETTER DATED SEPTEMBER 24, 1962, AND IS THEREFORE EXEMPT FROM FEDERAL INCOME TAX ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REQUIRES RECOGNITION AND DISCLOSURE OF UNCERTAIN TAX POSITIONS IN THE FINANCIAL STATEMENTS. UNDER ASC 740-10, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED. THE ORGANIZATION'S MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND THAT IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS. ACCORDINGLY, IT WILL NOT RECOGNIZE ANY RELATED LIABILITY. FOR THE YEARS ENDED JULY 31, 2019 AND 2018, THE ORGANIZATION DID NOT RECOGNIZE ANY INTEREST OR PENALTIES. AS OF JULY 31, 2019, THE TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES BEGIN WITH 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0695493
IRS990ScheduleD/TotalBookValueProgramRltdAmt094099
IRS990ScheduleD/TotalExpensesPerForm990Amt01280097
IRS990ScheduleD/TotalLiabilityAmt039045
IRS990ScheduleD/TotalRevenuePerForm990Amt01399940
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01399940
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01280097
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE VICE PRESIDENT REVIEWS THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE CONFLICT OF INTEREST POLICY IS PROVIDED TO OFFICERS AND DIRECTORS TO BE READ, SIGNED AND RETURNED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS AND APPROVES THE SALARY FOR THE EXECUTIVE VICE PRESIDENT [EVP] AND COMPARES THE AMOUNT TO SIMILAR ORGANIZATIONS. THE BOARD REVIEWS THE EVP'S COMPENSATION EVERY YEAR IN JULY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE PRESENTED TO MEMBERS AT QUARTERLY MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S PROCESS FOR ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR HAVE NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BEEFMASTER BREEDERS UNIVERSAL BRIAN MURPHY MEMORIAL SCHOLARSHIP FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0746376095

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,301,036
Liabilities
$644,101
Net assets
$656,935
Revenue
$1,399,940
Expenses
$1,280,097
Net income
$119,843
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.49$0.32$1.16$1.57$1.65$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.18$1.24$1.66$1.66$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.31$1.15$1.86$1.67$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.66$0.69$0.96$1.62$1.49$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.67$0.81$1.65$1.47$0.18
2019Detailed filing. Detailed filing data is available for this year.$1.30$0.64$0.66$1.40$1.28$0.12
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.70$0.54$1.31$1.41$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.71$0.64$1.33$1.37$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.88$0.20$0.68$1.29$1.28$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.80$0.12$0.68$1.10$1.03$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.79$0.17$0.62$1.01$0.93$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.09$0.59$0.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.14$0.56$0.86
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.11$0.52$0.99