Texas Hereford Association Foundation Inc.

“Line 10. College scholarships are awarded to texas hereford youth livestock show participants and winners. Scholarships are paid directly to post-secondary educational institutions on behalf of the student, once the student is fully enrolled.”

“Expenses advertising 4,500 office 665 office 7,177 liability insurance 10,500 yth show tshirts 9,045 yth show straw/shavings 8,834 yth show exp - other 10,317 yth show lodging/meals 17,139 yth show awards & recog 16,528 judges - yth show 2,500 photography-yth show 982 booth & exhibition fees 1,800 livestock show awards 6,750 yth show bank/cr cd fees 1,366 member magazine subscript 11,275 banking fees 60 dues 1,200 total 110,638”

“Unrealized gain(loss) on investments 20,294”

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

“Accounts payable and accrued expenses 2,978 0 deferred revenue 3,700 5,000 future scholarships payable 60,375 51,500”

“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 11,000 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.”