Civic Intelligence

Southwestern Exposition and Livestock Show

990 • Fiscal year 2017 • EIN 75-0575065

Apr 01, 2016 to Mar 31, 2017 • Filed on Jul 07, 2017

PO Box 150Fort Worth, TX 76101

(817) 877-2400

Siviq Scores

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

Liabilities / Assets

49th percentile

0.25x

Higher debt load relative to assets than 49% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

55th percentile

0.36x

Higher debt load relative to revenue than 55% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

47th percentile

2.4%

Higher net margin than 47% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

87th percentile

$591,269

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

60th percentile

7.6%

Faster asset growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

25th percentile

-2.7%

Faster revenue growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Flat

$28,567,701

Flat from 2017

Net Assets

Flat

$21,364,023

Flat from 2017

Liabilities

Flat

$7,203,678

Flat from 2017

Revenue

Flat

$19,972,473

Flat from 2017

Expenses

Flat

$19,494,791

Flat from 2017

Net Income

Flat

$477,682

Flat from 2017

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $19,642,057Liabilities 2011: $2,799,691Net Assets 2011: $16,842,3662011Assets 2012: $21,123,282Liabilities 2012: $3,028,218Net Assets 2012: $18,095,0642012Assets 2013: $22,918,147Liabilities 2013: $3,037,483Net Assets 2013: $19,880,6642013Assets 2014: $25,779,546Liabilities 2014: $2,141,661Net Assets 2014: $23,637,8852014Assets 2015: $25,901,267Liabilities 2015: $7,355,085Net Assets 2015: $18,546,1822015Assets 2016: $26,554,885Liabilities 2016: $8,388,728Net Assets 2016: $18,166,1572016Assets 2017: $28,567,701Liabilities 2017: $7,203,678Net Assets 2017: $21,364,0232017Assets 2017: $28,567,701Liabilities 2017: $7,203,678Net Assets 2017: $21,364,0232017Assets 2018: $31,415,737Liabilities 2018: $15,718,803Net Assets 2018: $15,696,9342018Assets 2019: $33,089,276Liabilities 2019: $15,173,050Net Assets 2019: $17,916,2262019Assets 2020: $32,708,892Liabilities 2020: $16,823,610Net Assets 2020: $15,885,2822020Assets 2021: $38,990,729Liabilities 2021: $13,595,505Net Assets 2021: $25,395,2242021Assets 2022: $42,680,623Liabilities 2022: $11,688,853Net Assets 2022: $30,991,7702022Assets 2023: $46,596,851Liabilities 2023: $15,017,662Net Assets 2023: $31,579,1892023Assets 2024: $55,807,077Liabilities 2024: $14,715,060Net Assets 2024: $41,092,0172024Assets 2025: $58,906,892Liabilities 2025: $31,124,174Net Assets 2025: $27,782,7182025

Highlighted filing

2017

Assets$28,567,701
Liabilities$7,203,678
Net Assets$21,364,023

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2011: $14,507,2222011Expenses 2012: $15,083,3382012Expenses 2013: $15,944,4132013Revenue 2014: $18,305,713Expenses 2014: $16,850,624Net Income 2014: $1,455,0892014Revenue 2015: $20,027,531Expenses 2015: $24,736,706Net Income 2015: -$4,709,1752015Revenue 2016: $20,535,733Expenses 2016: $18,971,812Net Income 2016: $1,563,9212016Revenue 2017: $19,972,473Expenses 2017: $19,494,791Net Income 2017: $477,6822017Revenue 2017: $19,972,473Expenses 2017: $19,494,791Net Income 2017: $477,6822017Revenue 2018: $21,517,422Expenses 2018: $28,657,253Net Income 2018: -$7,139,8312018Revenue 2019: $22,624,417Expenses 2019: $20,841,969Net Income 2019: $1,782,4482019Revenue 2020: $31,250,005Expenses 2020: $29,456,583Net Income 2020: $1,793,4222020Revenue 2021: $4,419,254Expenses 2021: $6,639,153Net Income 2021: -$2,219,8992021Revenue 2022: $26,254,515Expenses 2022: $23,213,333Net Income 2022: $3,041,1822022Revenue 2023: $29,568,276Expenses 2023: $26,448,565Net Income 2023: $3,119,7112023Revenue 2024: $29,781,180Expenses 2024: $27,727,016Net Income 2024: $2,054,1642024Revenue 2025: $33,962,621Expenses 2025: $48,557,042Net Income 2025: -$14,594,4212025

Highlighted filing

2017

Revenue$19,972,473
Expenses$19,494,791
Net Income$477,682
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Jul 7, 2017
Return Version
2016v3.0
Gross Receipts
$24,332,764
Mission and Program Overview

Mission

The corporation is organized and is to be operated exclusively for charitable, scientific and educational purposes. The corporation is organized to hold agricultural fairs and encourage agricultural pursuits. Particularly, the corporation is organized and operated to encourage and promote the breeding, raising and marketing of better cattle, swine, sheep, horses, mules, poultry and other livestock and farm products by the exhibition of said stock and farm products at public fairs, and may promote and maintain research and educational endeavors in connection with the livestock industry. The corporation is additionally formed to encourage, instruct, and promote the education of youths in fort worth, tarrant county, texas, and its surrounding areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,066,870$21,678,310▲ $3,611,440
Investments Other Securities$4,502,437$3,645,711▼ $856,726
Savings and Temporary Cash Investments$3,076,272$1,980,738▼ $1,095,534
Land, Buildings, and Equipment, Net$621,115$608,304▼ $12,811
Cash and Non-Interest-Bearing Accounts$65,873$319,395▲ $253,522
Accounts Receivable$135,952$189,168▲ $53,216
Prepaid Expenses and Deferred Charges$34,824$38,002▲ $3,178
Inventories for Sale or Use$20,478$9,552▼ $10,926
Total Assets$26,554,885$28,567,701▲ $2,012,816
Other Assets Total$31,064$98,521▲ $67,457
Liabilities
Grants Payable$4,335,123$4,179,023▼ $156,100
Other Liabilities$3,340,183$2,424,056▼ $916,127
Deferred Revenue$560,000$480,000▼ $80,000
Accounts Payable and Accrued Expenses$153,422$120,599▼ $32,823
Total Liabilities$8,388,728$7,203,678▼ $1,185,050
Net Assets / Fund Balance
Unrestricted Net Assets$16,223,507$19,139,581▲ $2,916,074
Temporarily Rstr Net Assets$1,942,650$2,224,442▲ $281,792
Total Net Assets Fund Balance$18,166,157$21,364,023▲ $3,197,866
Total Liabilities and Net Assets / Fund Balance$26,554,885$28,567,701▲ $2,012,816

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$516,216$1,254,677$1,770,893
Leasehold Improvements$46,518$131,035$177,553
Equipment$45,570$105,371$150,941
Other Securities$875,806--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bradford S BarnesPresident/general ManagerFT$339,193$252,076$591,269
Bruce MccartyExecutive Vice PresidentFT$165,777$82,110$247,887
Dana LewisAdministrative ManagerFT$132,767$99,813$232,580
Ginny BrownAccounting ManagerFT$120,200$69,008$189,208
Pam WrightDepartment ManagerFT$131,950$48,520$180,470
Susie Mitchell HeilAdministrative AssistantFT$100,450$68,580$169,030
Stefan MarchmanDepartment ManagerFT$114,632$28,820$143,452
Lauren LovelaceDepartment ManagerFT$117,049$16,556$133,605
Jessica BirgeDepartment Co-managerFT$106,943$19,558$126,501
Thomas B Saunders VDirector-$113,585-$113,585
G Martin PhillipsDirector-$71,175-$71,175
Philip L SchuttsDirector-$7,350-$7,350
Ronnie McnuttDirector-$3,000-$3,000
Stormy MullinsDirector-$2,850-$2,850
Robert HerodDirector-$2,400-$2,400
Charles R LasaterDirector-$2,100-$2,100
Kate JohnsonDirector-$2,050-$2,050
Martin RichterDirector-$1,400-$1,400
Theo ThompsonDirector-$1,400-$1,400
Gilbert Gamez IiiDirector-$1,100-$1,100
Sherman JonesDirector-$1,100-$1,100
Trent PrimDirector-$1,100-$1,100
S Dale OusleyDirector-$1,050-$1,050
Dave AppletonDirector-$1,000-$1,000
Mary Beth MillettDirector-$1,000-$1,000
Pam MinickDirector-$1,000-$1,000
Von R BoxDirector-$900-$900
Charlie GerenVice President-$800-$800
John L LewisDirector-$800-$800
Tom L WoodwardHonorary Vice President-$700-$700
Gerald H PerryDirector-$650-$650
T E JerniganHonorary Vice President-$600-$600
Roy J EatonDirector-$580-$580
John MenziesDirector-$500-$500
Mike SandsDirector-$500-$500
Randy UpshawDirector-$500-$500
Bob GlennDirector-$450-$450
Eddie Sandoval IiiDirector-$400-$400
Jason LesikarDirector-$400-$400
Kenneth K LeiberDirector-$400-$400
Michael B HarrisonDirector-$400-$400
Robert M LansfordDirector-$400-$400
Jim KelleyDirector-$350-$350
Roland K JohnsonDirector-$350-$350
Mark LansfordDirector-$300-$300
R Mike LansfordDirector-$300-$300
F D Quinn IiiDirector-$250-$250
Gilbert Gamez JrDirector-$250-$250
Kelly RileyDirector-$250-$250
Chris HarrisonDirector-$200-$200
Raymond P LopezDirector-$170-$170
Jay EwingDirector-$150-$150
Ted FordDirector-$150-$150

Board Members and Trustees

NameTitle
Edward P BassChairman of the Board
W R Watt JrPresident Emeritus
Abel SanchezHonorary Vice President
Alan SchuttsHonorary Vice President
Anne W MarionHonorary Vice President
Arvil J LewisHonorary Vice President
Bert WilliamsHonorary Vice President
Bob MoorhouseHonorary Vice President
Bob SempleHonorary Vice President
Charles R RollinsHonorary Vice President
Cliff TeinertHonorary Vice President
Dan CraineHonorary Vice President
David J SimonsHonorary Vice President
Don E WeeksHonorary Vice President
Earl CoxHonorary Vice President
Edward Hudson JrHonorary Vice President
F Howard Walsh JrHonorary Vice President
Frank L Neve IiiHonorary Vice President
Frank P Talley JrHonorary Vice President
G Malcolm LoudenHonorary Vice President
Gary H PaceHonorary Vice President
Gene GrayHonorary Vice President
Harry G HansenHonorary Vice President
I B Chapman IiHonorary Vice President
J Roger WilliamsHonorary Vice President
Jack W FerrillHonorary Vice President
John B Collier IvHonorary Vice President
John E DudleyHonorary Vice President
John Earl SeeligHonorary Vice President
John L MerrillHonorary Vice President
John M StevensonHonorary Vice President
John V RoachHonorary Vice President
Kaye Buck McdermottHonorary Vice President
L O Brightbill IiiHonorary Vice President
Leonard PaulHonorary Vice President
Marcus HillHonorary Vice President
Marshall T RobinsonHonorary Vice President
R a BrownHonorary Vice President
R a Cantrell JrHonorary Vice President
Richard L ConnorHonorary Vice President
Tom B Saunders IvHonorary Vice President
Vernell SturnsHonorary Vice President
W a Moncrief JrHonorary Vice President
W a Schmid IiiHonorary Vice President
Wayne C JordanHonorary Vice President
William E MckayHonorary Vice President
William S DavisHonorary Vice President
A B WhartonDirector
A M MicallefDirector
A V Corpening IiiDirector
Adam J WaldeckDirector
Becky Renfro BorbollaDirector
Bill BarclayDirector
Bill MoblyDirector
Bill Poteet IiiDirector
Billy MinickDirector
Bob R WrightDirector
Breck RayDirector
Brian LuigDirector
Carl MullinsDirector
Charlie Royer IiiDirector
Chris FarleyDirector
Chris QuinnDirector
Chris ScharbauerDirector
Clayton E MeltonDirector
Crawford EdwardsDirector
Dan L AdamsDirector
Dan NanceDirector
David GallagherDirector
David McdavidDirector
Debra Johnson HeadDirector
Dee Kelly JrDirector
Ed Farmer Beggs IiDirector
Elaine B AgatherDirector
Fln NeveDirector
Frank H Goldthwaite JrDirector
Gary GriffinDirector
Gary RayDirector
George Beggs IvDirector
George M Young JrDirector
Glenn BeckDirector
Gordon H RobertsDirector
Greg MorseDirector
Howard PenaDirector
J C Pace IiiDirector
J D JohnsonDirector
J Luther King JrDirector
J R Williams IiiDirector
J T DickensonDirector
J Tyler MorrisDirector
James E LinkDirector
James WoodDirector
Jamie MorganDirector
Jeffrey H ConnerDirector
Jim Calhoun JrDirector
John HernandezDirector
John P BoswellDirector
John R Thompson JrDirector
John T GavinDirector
Jon BrumleyDirector
Jonny BrumleyDirector
Joseph a MonteleoneDirector
Josh HarbuckDirector
Kit MoncriefDirector
Larry AnfinDirector
Lee M BassDirector
Louis E Martin IiiDirector
Madelon L BradshawDirector
Manuel Lopez IiiDirector
Martin C BowenDirector
Marty RichterDirector
Mary Margaret RichterDirector
Matthew CarterDirector
Michael D WarnerDirector
Michele HahnfeldDirector
Mike BerryDirector
Mike MoncriefDirector
Morris L Sheats IiDirector
Pete BondsDirector
Philip C WilliamsonDirector
Philip E NorwoodDirector
Ralph H DugginsDirector
Randy WatsonDirector
Rebecca Clegg EmeryDirector
Rob FeltonDirector
Rob GreenDirector
Robert H MerrillDirector
Rodney WoodsonDirector
Rosario VillalpandoDirector
Rose AlvarezDirector
Ross Perot JrDirector
Roy T PitcockDirector
Scott KlebergDirector
Scott PrinceDirector
Stephen L BrothertonDirector
Thomas B ReynoldsDirector
Tom FellerDirector
W Craig DoyleDirector
William C AndersonDirector
William D Ratliff IiiDirector
William W MeadowsDirector
William a Landreth JrDirector
Wilson MartinDirector
Wm David MooreDirector
Charles B MoncriefSecretary
Randy RodgersTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rafter G Rodeo CompanyRodeo Stock Contractor9140 CR 353, Terrell, TX 75161$536,411
David HudginsMaintenance Services839 DEER TRL, Gordon, TX 76454$273,033
Hahnfeld Hoffer StanfordArchitect Contractor200 BAILEY AVE STE 200, Fort Worth, TX 76107$223,367
NrgLive Entertainment Contractor3101 SWEETBRIAR LN, Fort Worth, TX 76109$220,000
Coburn's CateringCatering Contractor801 N MAIN ST, Fort Worth, TX 76164$216,165
Revenue and Support

Revenue Composition

Contributions and Grants
$687,835
Program Service Revenue
$18,187,472
Investment Income
$1,096,214
Other Revenue
$952
All Other Contributions
$687,835
Change in Net Assets
$477,682

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,733,159
Revenue Not Reported on Financial Statements
$4,239,314
Revenue Not Reported on Form 990
$2,727,682
Other Revenue Adjustments
$4,113,218
Total Revenue per Audited Statements
$18,460,841
Total Revenue per Form 990
$19,972,473
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,576,379
Salaries, Compensation, and Employee Benefits$3,559,168
Grants and Similar Amounts Paid$1,359,244
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,967,420$218,602-$2,186,022
Grants to Domestic Orgs$920,844--$920,844
Advertising$592,564--$592,564
Pension Plan Contributions$454,378$86,548-$540,926
Current Officers, Directors, Trustees, and Key Employees$420,047$105,012-$525,059
Insurance$444,135--$444,135
Grants to Domestic Individuals$438,400--$438,400
Payroll Taxes$273,373$33,788-$307,161
Occupancy$176,027--$176,027
Fees for Service Investment Mgmnt Fees-$126,096-$126,096
Depreciation Depletion$117,681--$117,681
Fees for Services Other$96,828--$96,828
All Other Expenses$82,031--$82,031
Fees for Services Legal-$65,178-$65,178
Other Expenses$58,512--$58,512
Office Expenses$49,517--$49,517
Fees for Services Accounting$11,954$35,862-$47,816
Information Technology$40,556--$40,556
Travel$31,282--$31,282
Total Functional Expenses$18,823,705$671,086$0$19,494,791

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$19,494,791
Total Expenses per Audited Statements$15,262,975
Expenses per Audited Statements$15,255,477
Expenses Not Reported on Financial Statements$4,239,314
Other Expense Adjustments$4,113,218
Expenses Not Reported on Form 990$7,498
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fort Worth Museum of Science and HistoryFort Worth, TX501(c)(3)Education$50,000
Cook Childrens Medical CenterFort Worth, TX501(c)(3)Education$41,000
Susan G Komen for the CureFort Worth, TX501(c)(3)Education$23,100
Mustang Heritage FoundationGeorgetown, TX501(c)(3)Education$22,989
Botanical Research InstituteFort Worth, TX501(c)(3)Education$15,000
Chisholm ChallengeLillian, TX501(c)(3)Education$10,000
Junior League of Fort WorthFort Worth, TX501(c)(3)Education$10,000
National Multicultural Western Heritage MuseumFort Worth, TX501(c)(3)Education$10,000
Fort Worth Cops for KidsFort Worth, TX501(c)(3)Education$5,000
Make-a-wish Foundation of N TexasFort Worth, TX501(c)(3)Education$5,000
North Texas Cutting ChampionsFort Worth, TX501(c)(6)Education$5,000
North Texas High School Rodeo AssociationSaginaw, TX501(c)(4)Education$5,000
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
James WoodOwner of N. TX Chevy Dealers and Director of OrganizationNorth Texas Chevy Dealers Provided Sponsorships to the Stock Shows.No$212,000
Am MicallefChairman of Reata Restaurant Mgmt Co., Llc. and Director of OrganizationReata Operated Restaurants and Membership Club on the Stock Show Grounds Under a Concession Agreement.No$168,522
Philip WilliamsonEmployee/officer of Williamson-dickie Mfg Co and Director of OrganizationWilliamson-dickie Manufacturing Company Provided Sponsorships to the Stock Show.No$152,178
Thomas Saunders VIndependent Cattleman and Director of OrganizationMr. Saunders Provides Cattle and Labor for a Variety of Events During the Stock Show.No$113,585
J Luther King JrOwner and Principal of Lkcm and Director of Organization.Luther King Capital Management Manages a Portion of the Stock Show Investments on a Standard Fee Basis.No$102,894
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Defined Benefit Plan$2,424,056
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
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 A, Line 2

Dan l. Adams and bill barclay have a business relationship.

Form 990, Part VI, Section A, Line 2

Martin bowen, edward p. Bass, and lee bass have a business relationship.

Form 990, Part VI, Section A, Line 2

Edward p. Bass and lee m. Bass have a family relationship.

Form 990, Part VI, Section A, Line 2

Robert m. Lansford, mark lansford, and r. Mike lansford have a family relationship.

Form 990, Part VI, Section A, Line 2

Charles b. Moncrief, kit moncrief, bradford s. Barnes, charlie royer iii, ed farmer beggs ii, george beggs iv, and charlie geren have a family relationship.

Form 990, Part VI, Section A, Line 2

Pam minick and billy minick have a family relationship.

Form 990, Part VI, Section A, Line 2

Kenneth k. Leiber, pete bonds, crawford edwards, and w.r. Watt jr. Have a business relationship.

Form 990, Part VI, Section A, Line 2

Chris quinn and f.d. Quinn iii have a family relationship.

Form 990, Part VI, Section A, Line 2

John p. Boswell, charlie geren, greg morse, and dee kelly jr. Have a business relationship.

Form 990, Part VI, Section A, Line 2

Mike berry and ross perot jr. Have a business relationship.

Form 990, Part VI, Section A, Line 2

Matthew r. Carter and edward p. Bass have a business relationship.

Form 990, Part VI, Section A, Line 2

Crawford edwards, charlie geren, marty richter, mary margaret richter, martin richter, and randy rodgers have a family relationship.

Form 990, Part VI, Section A, Line 2

Jon brumley and jonny brumley have a family and business relationship.

Form 990, Part VI, Section A, Line 2

Philip l. Schutts, alan schutts, and charlie royer iii have a business relationship.

Form 990, Part VI, Section A, Line 2

Morris l. Sheats and john r. Thompson jr. Have a family relationship.

Form 990, Part VI, Section A, Line 2

Philip l. Schutts and j. R. Williams iii have a family relationship.

Form 990, Part VI, Section A, Line 2

Raymond p. Lopez and manuel lopez iii have a family relationship.

Form 990, Part VI, Section A, Line 2

Randy rodgers and j. Luther king, jr. Have a business relationship.

Form 990, Part VI, Section A, Line 2

Tom feller, randy watson, jamie morgan, and kelly riley have a business relationship.

Form 990, Part VI, Section A, Line 2

Louis e. Martin iii and kate johnson have a family relationship.

Form 990, Part VI, Section A, Line 2

Jim calhoun jr. And thomas b. Saunders v have a family relationship.

Form 990, Part VI, Section A, Line 2

W.r. Watt jr., randy rodgers, luther king, and bob glenn have a business relationship.

Form 990, Part VI, Section A, Line 2

Bradford barnes and rodney woodson have a business relationship.

Form 990, Part VI, Section A, Line 2

Gilbert gamez jr. And charlie geren have a business relationship.

Form 990, Part VI, Section A, Line 2

Fln neve and charlie royer iii have a business relationship.

Form 990, Part VI, Section A, Line 2

Michele hahnfeld, adam waldeck, and sherman jones have a business relationship.

Form 990, Part VI, Section A, Line 2

F. Howard walsh, jr. And rob green have a business relationship.

Form 990, Part VI, Section A, Line 2

Michael b. Harrison and chris harrison have a family relationship.

Form 990, Part VI, Section A, Line 2

Trent prim and brad barnes have a family relationship.

Form 990, Part VI, Section A, Line 2

William anderson and william d. Ratliff iii have a family relationship.

Form 990, Part VI, Section A, Line 2

Scott prince, f. D. Quinn iii, and fln neve have a business relationship.

Form 990, Part VI, Section A, Line 2

Gilbert gamez, jr. And gilbert gamez, iii have a family relationship.

Form 990, Part VI, Section A, Line 2

Theo thompson and gordon roberts have a business relationship.

Form 990, Part VI, Section A, Line 2

Martin richter, marty richter, and mary margaret richter have a business relationship.

Form 990, Part VI, Section A, Line 2

Pete bonds and bill anderson have a business relationship.

Form 990, Part VI, Section A, Line 2

Martin bowen and matthew carter have a business relationship.

Form 990, Part VI, Section A, Line 2

William meadows, ed bass, martin bowen, and jon brumley have a business relationship.

Form 990, Part VI, Section A, Line 2

Philip schutts and sherman jones have a family relationship.

Form 990, Part VI, Section A, Line 6

Members are chosen by a majority vote from a nominating committee and elected by a majority vote of the members. Members do not receive any compensation for serving in their capacity as a member and no part of the organization's earnings or assets shall ever inure to the benefit of the members.

Form 990, Part VI, Section A, Line 7A

The members elect the board of directors at an annual meeting each year.

Form 990, Part VI, Section B, Line 11B

The tax return is reviewed in detail and approved by the audit committee, and prior to it being filed a copy is provided to all members of the executive committee which constitutes the governing body and has been delegated with the primary power of governance by the board of directors.

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

The executive committee meets once a year to determine if anyone or any transaction has violated the conflict of interest policy.

Form 990, Part VI, Section B, Line 15

The compensation committee, in recommending such compensation, and the executive committee, in approving such compensation, shall follow three steps. First, each committee shall meet in sessions composed entirely of individuals who do not have a conflict of interest with respect to the compensation arrangement. Second, each committee shall obtain and rely upon appropriate data as to comparability prior to making its determination. Third, each committee shall adequately document the basis for its determination concurrently with making its determination.

Form 990, Part VI, Section C, Line 19

All documents available upon request.

Filing and Contact Details

Filer

Filer Name
Southwestern Exposition
EIN
75-0575065
Phone
8178772400
Address
PO BOX 150, FORT WORTH, TX 76101
Doing Business As
Fort Worth Stock Show & Rodeo

Signing Officer

Name
Bradford S Barnes
Title
President
Phone
8178772400
Signed
2017-07-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bradford S Barnes
Formed
1948
Legal Domicile
TX
Voting Board Members
144
Independent Board Members
136
Employees
987
Volunteers
1,000

Preparer

Firm
Whitley Penn Llp
Address
1400 WEST 7TH STREET STE 400, FT WORTH, TX 76102
Preparer
Chris Grasher
Phone
8172599100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Effect of fasb statement no 158: fasb statement 158 requires the association to fully recognize the change in the underfunded position (the difference between the fair market value of plan assets and the benefit obligation) of its postretirement benefit plan in the balance sheet 931,087.

Form 990, Part XII, Line 2C

There has been no change in the process from prior years.

Financial Statement Notes

PART X, LINE 2:

Fasb asc topic no. 740, income taxes, prescribes a comprehensive model for the financial statement recognition, measurement, presentation and disclosure of uncertain tax positions taken or expected to be taken in income tax returns. Management of the stock show believes that it has not taken a tax position that, if challenged, would have a material effect on the financial statements. The stock show files form 990 in the federal jurisdiction within the united states. At march 31, 2017, the stock show's tax returns related to the years ended march 31, 2014 through march 31, 2016 remain open to possible examination by tax authorities. No tax returns are currently under examination by any tax authorities. The stock show has not incurred any penalties or interest under fasb asc topic no. 740.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Merchandise cost of goods sold 7,498. Effect of fasb statement no 158: fasb statement 158 requires the association to fully recognize the change in the underfunded position (the difference between the fair value of plan assets and the benefit obligation) of its postretirement benefit plan in the balance sheet 931,087.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Livestock cost of goods sold 4,113,218.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Merchandise cost of goods sold 7,498.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Livestock cost of goods sold 4,113,218.

Raw XML AppendixShowing 400 of 2,304 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/AverageHoursPerWeekRt1900.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt19140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt19240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt19340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt19440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt19540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt19640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt19740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt19840.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.9$31.1$27.8$34.0$48.6$14.6
2024Summary only. Only limited summary data is available for this year.$55.8$14.7$41.1$29.8$27.7$2.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.6$15.0$31.6$29.6$26.4$3.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.7$11.7$31.0$26.3$23.2$3.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.0$13.6$25.4$4.42$6.64$2.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.7$16.8$15.9$31.3$29.5$1.79
2019Summary only. Only limited summary data is available for this year.$33.1$15.2$17.9$22.6$20.8$1.78
2018Summary only. Only limited summary data is available for this year.$31.4$15.7$15.7$21.5$28.7$7.14
2017Detailed filing. Detailed filing data is available for this year.$28.6$7.20$21.4$20.0$19.5$0.48
2017Summary only. Only limited summary data is available for this year.$28.6$7.20$21.4$20.0$19.5$0.48
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.6$8.39$18.2$20.5$19.0$1.56
2015Detailed filing. Detailed filing data is available for this year.$25.9$7.36$18.5$20.0$24.7$4.71
2014Detailed filing. Detailed filing data is available for this year.$25.8$2.14$23.6$18.3$16.9$1.46
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.9$3.04$19.9$15.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.1$3.03$18.1$15.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.6$2.80$16.8$14.5