Houston Livestock Show and Rodeo

“The following relationships exist between officers & directors: james oliver bloodworth, donley duard jordan, george raymond hinsley iii, patricia mann phillips, and wesley edward sinor: business relationship joe van matre and james alfred winne iii: business relationship”

“990 review process the audit committee, a sub-committee of the executive committee, along with outside tax specialists, review the return with senior management. The audit committee then recommends approval of the tax returns incorporating any changes they suggest to the executive committee which then give final approval.”

“Conflict of interest policy houston livestock show and rodeo, inc. (ein: 74-1142851) ("hlsr") distributes a conflict of interest/form 990 questionnaire annually. The completed questionnaires are reviewed by hlsr's general counsel and are provided to accounting for disclosure on the tax return where appropriate.”

“Compensation policy houston livestock show and rodeo, inc. (ein: 74-1142851) has a compensation committee which reviews performance of the ceo annually. The compensation committee recommends or reviews and approves compensation for the ceo and all of senior management. The committee uses compensation studies done by outside consultants in their decision making process. All compensation is paid by houston livestock show & rodeo, inc. (ein: 74-1142851) and salaries & benefit costs are allocated to the houston livestock show and rodeo educational fund for services performed in relation to this entities operations.”

“Documents available to the public governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“The houston livestock show and rodeo educational fund (the "educational fund") was incorporated under the laws of the state of texas in june 1988 and was granted tax exempt status under section 501(c)(3) of the internal revenue code in april 1989. The educational fund was organized for charitable, educational and scientific purposes, including the distribution of scholarships, grants and awards to students and organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code. The educational fund was initially funded by the houston livestock show and rodeo, inc. In june 1989. The funds of the educational fund are used exclusively in furtherance of the exempt purpose of the organization and to meet necessary expenses for its upkeep and operations.”

“Volunteers more than 35,000 volunteers for the houston livestock show and rodeo (ein: 74-1142851) also support and raise funds for the hlsr educational fund.”