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 24,000”

“Cash contribution: 24,000 relationship: none”

“Expenses advertising 1,150 office supplies 28 liability insurance 2,000 state show exp - other 10,346 state show lodging/meals 23,133 show awards & recognition 15,047 judges 2,050 photography-state show 500 booth & exhibition fees 3,098 livestock show awards 7,116 banking/paypal fees 697 member magazine subscript 11,750 banking fees 725 total 77,640”

“Unrealized gain(loss) on investments 13,988”

“Equipment 4,000 4,000 less accumulated depreciation 4,000 4,000 total 0 0”

“Accounts payable and accrued expenses 0 2,976 deferred revenue 0 3,700 future scholarships payable 49,625 60,375”

“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.”