Texas Hereford Association Foundation Inc.

“Line 10. College scholarships were awarded to approximately eleven youth livestock show winners. The total amount of the scholarships is 28,500.”

“Cash contribution: 28,500 relationship: none”

“Expenses advertising 1,750 website design 3,950 state show exp - other 11,182 state show lodging/meals 27,400 show awards & recognition 19,717 judges 2,750 photography-state show 1,200 booth exhibition fees 2,898 livestock show awards 2,054 banking/paypal fees 667 member magazine subscript 12,000 non-investment depreciation 230 total 85,798”

“Unrealized gain(loss) on investments 23,706”

“Prepaid expenses and deferred charges 4,680 0 equipment 4,000 4,000 less accumulated depreciation 3,770 4,000 total 4,910 0”

“Deferred revenue 5,475 0 future scholarships payable 41,250 49,625”

“Promote education and research regarding the hereford breed of cattle, including youth education, livestock and scholarship programs”

“Line 45a. The organization shares a common board with 501c5 texas hereford association. During the year, the organization paid approximately 12,000 to 501c5 texas hereford association for subscriptions to the texas hereford magazine for its members. No transactions requiring reporting on schedule r occurred during the year.”