2023-10-30T14:49:12-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 801 CHERRY ST SUITE 1400 FORT WORTH TX 76102 990 2022-01-01 751762849 TEXAS & SOUTHWESTERN CATTLE RAISERS' FOUNDATION TEXA 8173328551 1600 GENDY FORT WORTH TX 76107 PATRICIA W RILEY EXECUTIVE DIR. 8173328551 2023-10-29 1 PATRICIA RILEY 999009999 0 MICHAELA J CROMAR CPA P00895728 8178775000 2023-10-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PATRICIA W RILEY 1600 GENDY FORT WORTH TX 76107 1237109 0 X WWW.CATTLERAISERSMUSEUM.ORG X 1979 TX THE TEXAS AND SOUTHWESTERN CATTLE RAISERS FOUNDATION'S MISSION IS TO PRESERVE, PROMOTE AND PROTECT THE RICH HERITAGE OF RANCH LIFE AND ADVANCE THE FUTURE OF THE LIVESTOCK INDUSTRY IN THE SOUTHWEST FOR PRESENT AND FUTURE GENERATIONS. 17 16 0 17 0 0 368391 254658 16050 44311 698001 173885 544 0 1082986 472854 60750 57850 0 0 283098 286594 0 0 0 166442 161103 510290 505547 572696 -32693 11664518 9863226 73129 57672 11591389 9805554 X THE FOUNDATION WILL BUILD PLATFORMS TO PRESERVE THE HISTORY AND ADVANCE THE FUTURE OF THE LIVESTOCK INDUSTRY IN THE SOUTHWEST THROUGH CATTLE RAISERS MUSEUM EXHIBITS, EDUCATION INITIATIVES AND PROGRAMMING; TO PROVIDE SCHOLARSHIP OPPORTUNITIES TO INSPIRE YOUNG PEOPLE TO PURSUE CAREERS IN AGRICULTURE; AND TO CAPTURE ORAL HISTORIES OF THE PEOPLE WHO DEFINE THE INDUSTRY. 1 0 80872 57850 SCHOLARSHIP PROGRAM - THE SCHOLARSHIP FUND IS DESIGNED TO ADVANCE THE FUTURE OF THE LIVESTOCK INDUSTRY BY INVESTING IN YOUNG PEOPLE WHO ARE PURSUING CAREERS IN THE AGRICULTURE FIELD. SCHOLARSHIPS ARE AWARDED TO INDIVIDUALS ENTERING ACCREDITED UNIVERSITIES IN TEXAS AND OKLAHOMA AND PURSUING DEGREES WITHIN THE AGRICULTURE FIELD. IN 2022 THERE WERE 33 SCHOLARSHIPS PROVIDED. 24993 44311 MUSEUM MEMBERSHIP PROGRAM - TO PROMOTE EDUCATIONAL PROGRAMS AND PRESERVE HISTORIC DATA ON THE LIVESTOCK INDUSTRY INCLUDING MAINTAINING A LIBRARY OF BOOKS AND OTHER DOCUMENTS RELATING TO THE LIVESTOCK INDUSTRY. 105865 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 1 0 0 0 1 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 X CLIFTONLARSONALLEN LLP 8178775000 801 CHERRY ST SUITE 1400 FORT WORTH TX 76102 JOHN P BOSWELL PRESIDENT 1.50 X X 0 0 0 PATRICIA D B MCCALL VICE PRESIDENT 1.50 X X 0 0 0 KIT MONCRIEF VICE PRESIDENT 0.50 1.00 X X 0 0 0 JOHN E DUDLEY TREASURER 1.50 X X 0 0 0 MISSY BONDS TRUSTEE 0.50 X 0 0 0 C CONEY BURGESS TRUSTEE 0.50 X 0 0 0 MASON KING TRUSTEE 0.50 X 0 0 0 SCOTT KLEBERG TRUSTEE 0.50 X 0 0 0 MATT BROCKMAN TRUSTEE 0.50 X 0 0 0 J LUTHER KING JR TRUSTEE 0.50 X 0 0 0 ROBERT E MCKNIGHT JR TRUSTEE 0.50 X 0 0 0 GREG MORSE TRUSTEE 0.50 X 0 0 0 RUSSELL NOBLE TRUSTEE 0.50 X 0 0 0 COLEY MEANS TRUSTEE 0.50 X 0 0 0 RED STEAGALL TRUSTEE 0.50 X 0 0 0 JOLINE WHARTON TRUSTEE 0.50 1.00 X 0 0 0 BART WULFF TRUSTEE 0.50 X 0 0 0 PATRICIA W RILEY EXECUTIVE DIR. 17.00 23.00 X 130000 130000 13054 130000 130000 13054 1 0 1 0 0 254658 254658 MUSEUM ADMISSIONS 713990 44311 44311 44311 167832 167832 770308 764255 6053 6053 6053 472854 44311 0 173885 X 57850 57850 136527 136527 114482 4455 110027 20078 20078 15507 15507 21033 21033 59062 59062 3086 3086 230 230 17455 16748 707 21270 21270 16758 16758 4654 4654 EQUIPMENT REPAIRS AND M 8341 8341 DUES & SUBSCRIPTIONS 2625 2625 BANK CHARGES AND FEES 1694 1694 4895 888 4007 505547 105865 399682 0 542718 403616 235724 262508 24165 0 52950 0 781 0 1600 4000 15759 10209 5550 5550 10801030 3551031 5636521 11664518 9863226 71389 57672 1740 0 73129 57672 X 6874980 5087867 4716409 4717687 11591389 9805554 11664518 9863226 -32693 -1753142 0 X 0 1 X 1 0 X 516964 686925 569620 368391 254658 2396558 516964 686925 569620 368391 254658 2396558 698068 1698490 94993 109210 116084 125949 167832 614068 2540 2158 215 544 5457 3016083 147276 0.56310 0.60780 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 2,540. 2019 AMOUNT: $ 2,158. 2020 AMOUNT: $ 215. 2021 AMOUNT: $ 544. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 4716409 56475 17552 57850 14899 4717687 4437912 167114 182241 60750 10108 4716409 4414066 78537 54691 4437912 4120072 347857 9229 57750 5342 4414066 3911632 308792 -32044 58750 9558 4120072 0.36280 0.63720 0 0 5550 5550 10209 10209 0 5550 CORPORATE BONDS 5636521 F 5636521 X -1345050 -1753142 -1753142 408092 59062 5700 64762 472854 440785 0 440785 59062 5700 64762 505547 PART III, LINE 1A: THE FOUNDATION HAS A SIGNIFICANT INVESTMENT IN MUSEUM COLLECTIONS. THE COLLECTIONS INCLUDE ARTIFACTS, PUBLICATIONS AND REPLICAS WHICH FURTHER THE FOUNDATION'S MISSION TO HONOR AND DOCUMENT THE STUDY OF LIVESTOCK PRODUCTION. AS THESE COLLECTIONS ARE CONSIDERED TREASURES, A FAIR VALUE IS NOT READILY DETERMINABLE AND THEREFORE IS NOT DISCLOSED IN THE FINANCIAL STATEMENTS. ALL COLLECTIONS ACCUMULATED BY THE FOUNDATION ARE GOVERNED BY THE FOUNDATION'S COLLECTION MANAGEMENT POLICY. THESE COLLECTIONS ARE HELD FOR PUBLIC DISPLAY AND EDUCATION RATHER THAN FINANCIAL GAIN AND ARE PROTECTED, CARED FOR AND PRESERVED BY THE FOUNDATION. ANY EXPENDITURES OR RECEIPTS RELATED TO PURCHASES, SALES OR INSURANCE RECOVERIES OF COLLECTION ITEMS ARE REPORTED SEPARATELY IN THE STATEMENT OF ACTIVITIES IN THE PERIOD IN WHICH THEY OCCUR. PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S PERMANENT ENDOWMENT FUNDS IS TO FUND SCHOLARSHIPS. TEMPORARILY RESTRICTED FUNDS ARE MAINTAINED TO SUPPORT THE BUILDING FUND AND PROGRAMS OF THE FOUNDATION. PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE (IRC) THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE IRC. TAXES ARE PAID ON NET INCOME EARNED FROM SOURCES UNRELATED TO THE EXEMPT PURPOSES. THERE WERE NO NET INCOME FROM UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. GAAP REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURN AND RECOGNITION OF A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2022 AND 2021, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER INCOME 5,700. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER INCOME 5,700. 1 SCHOLARSHIPS - ANIMAL/AGRICULTURAL 19 22500 DUDLEY SCHOLARSHIP 1 1250 LARGE VET SCHOLARSHIPS 4 20000 DAVIDSON SCHOLARSHIP 1 5250 RANCH MANAGEMENT SCHOLARSHIP 1 2500 MARY AND LEONARD STILES SCHOLARSHIP 1 2250 SPECIAL RANGERS SCHOLARSHIP 2 2500 CALF SCRAMBLE SPONSORSHIP 2 1000 JUDGING AWARD SPONSORSHIP - JUNIOR COLLEGE 1 300 JUDGING AWARD SPONSORSHIP - SENIOR COLLEGE 1 300 PART I, LINE 2: SCHLOARSHIPS: ALL SCHOLARSHIP PAYMENTS ARE MADE DIRECTLY TO THE RECIPIENT'S UNIVERSITY. AFTER THE RECIPIENT'S FALL SEMESTER, THE INDIVIDUAL MUST SUBMIT A COPY OF THEIR TRANSCRIPT SHOWING THAT THEY HAVE MAINTAINED THEIR GPA AND THAT THEY ARE ENROLLED AS A FULL-TIME STUDENT FOR THE COMING SEMESTER IN ORDER TO RECEIVE THE SPRING SEMESTER'S SCHOLARSHIP AMOUNT. SCHEDULE I, PART III TSCRF SCHOLARSHIP CANDIDATES MUST BE ACCEPTED IN AN ACCREDITED UNIVERSITY IN TEXAS OR OKLAHOMA, PLAN TO PURSUE A DEGREE PROGRAM IN ANIMAL SCIENCE, PRE-VET, OR AGRIBUSINESS, BE A CITIZEN OF THE UNITED STATES OR BE BORN IN THE UNITED STATES, RESIDENT OF TEXAS OR OKLAHOMA, SPONSORED BY A MEMBER OF THE TEXAS AND SOUTHWESTERN CATTLE RAISERS' ASSOCIATION, HAVE A MINIMUM GPA OF 2.75, SUBMIT TWO LETTERS OF RECOMMENDATION FROM SOMEONE OTHER THAN RELATIVES, DEMONSTRATE FINANCIAL NEED AND HAVE A BACKGROUND THAT INCLUDES BEEF CATTLE PRODUCTION. THE MARY AND LEONARD STILES ENDOWED SCHOLARSHIP IS AWARDED TO A STUDENT FROM A FAMILY INVOLVED IN THE RANCHING OR FARMING INDUSTRY. THE SCHOLARSHIP IS A ONE YEAR AWARD FOR A GRADUATING HIGH SCHOOL SENIOR, BUT CAN BE RENEWED FOR UP TO THREE ADDITIONAL YEARS AS LONG AS THE CRITERIA FOR THE SCHOLARSHIP CONTINUE TO BE MET. LARGE VET SCHOLARSHIPS ARE AWARDED TO STUDENTS NEARING COMPLETION OF A DOCTOR OF VETERINARY MEDICINE PROGRAM AND WHO ARE PLANNING A CAREER IN LARGE ANIMAL PRACTICE. THE JAMES A. "BUDDY" DAVIDSON CHARITABLE FOUNDATION ENDOWED SCHOLARSHIP IS AWARDED TO A STUDENT PURSUING A DEGREE PLAN FOCUSING ON AGRICULTURAL BUSINESS OR WILDLIFE MANAGEMENT. THIS SCHOLARSHIP IS A ONE-YEAR AWARD THAT IS ELIGIBLE FOR RENEWAL FOR AN ADDITIONAL YEAR; PROVIDED THE RECIPIENT MAKES ACCEPTABLE ACADEMIC PROGRESS AND MAINTAINS THE SCHOLARSHIP REQUIREMENTS. THE JACKSON ALBERT DUDLEY SCHOLARSHIP IS AWARDED TO A SCHOLARSHIP CANDIDATE THAT IS A RESIDENT OF TEXAS, PLANNING TO ATTEND AN ACCREDITED UNIVERSITY IN TEXAS AND THAT MEETS ALL OTHER CRITERIA OF THE TSCRF AGRICULTURAL SCHOLARSHIP CANDIDATES. THE SCHOLARSHIP IS FOR ONE YEAR ONLY. THE SPECIAL RANGER SCHOLARSHIPS (LT. W.F. "JIM" FLOW TSCRA SPECIAL RANGERS SCHOLARSHIP AND THE DAVID AND DAN NANCE TSCRA SPECIAL RANGERS SCHOLARSHIP) IS AWARDED TO A CHILD OF A CURRENT TSCRA SPECIAL RANGER AND PURSUING A FOUR-YEAR ACADEMIC DEGREE. TWO RECIPIENTS WILL BE SELECTED (ONE FOR EACH SCHOLARSHIP). THIS IS A ONE YEAR ONLY SCHOLARSHIP. THE DR. BRYAN L. FLOW VETERINARY SCHOLARSHIP IS AWARDED TO A GRADUATING HIGH SCHOOL OR UNDERGRADUATE STUDENT PURSUING A DEGREE IN AMINAL SCIENCE OR VETERINARY SCIENCE WITH THE INTENT TO WORK AS A MIXED OR LARGE ANIMAL VETERINARIAN IN A RURAL COMMUNITY. THIS SCHOLARSHIP IS FOR ONE YEAR ONLY. THE RANCH MANAGEMENT AND VETERINARY SCIENCE SCHOLARSHIP IS AWARDED TO A GRADUATING HIGH SCHOOLER OR AN UNDERGRADUATE STUDENT PURSUING A DEGREE PLAN IN RACH MANAGEMENT OR LARGE ANIMAL VETERINARY MEDICINE. THE SCHOLARSHIP IS A ONE-YEAR AWARD THAT IS ELIGIBLE TO BE RENEWED FOR UP TO FOUR YEARS, PROVIDED THE RECIPIENT MAKES ACCEPTABLE ACADEMIC PROGRESS AND MAINTAINS THE SCHOLARSHIP REQUIREMENTS. X X 0 0 0 0 0 0 0 0 0 PATRICIA W RILEY EXECUTIVE DIR. 130000 130000 0 0 0 0 0 0 6527 6527 136527 136527 0 0 PART I, LINE 3 THE FILING ORGANIZATION RELIED ON A RELATED ORGANIZATION TO ESTABLISH COMPENSATION FOR THE ORGANIZATION'S PRESIDENT & CEO. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION: FORM 990 OF OTHER ORGANIZATIONS AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. LUTHER KING CAPITAL MANAGEMENT INVESTMENT MANAGEMENT 59062 ADVISORY FEES 0 SCHEDULE L, PART IV, LINE 1 BOARD MEMBER LUTHER KING IS ASSUMED TO BE GREATER THAN 35% OWNER OF LUTHER KING CAPITAL MANAGEMENT (LKCM). THE BOARD USES LUTHER KING CAPITAL MANAGEMENT TO MANAGE THE ASSETS OF THE ORGANIZATION. LUTHER KING ABSTAINS FROM ANY VOTES CONNECTED WITH INVESTMENT MATTERS AND RELINQUISHED HIS POSITION AS TREASURER PRIOR TO THE BOARDS 2010 VOTE TO RETAIN LKCM TO HANDLE ITS INVESTMENT ACTIVITIES. THE AMOUNT OF FEES PAID BY THE ORGANIZATION TO LUTHER KING CAPITAL MANAGEMENT IN 2022 WAS $59,062. FORM 990, PART III, LINE 2 EDUCATION IN ACTION PROGRAM FOR 4TH GRADERS, OUTSIDE OF THE DFW AREA. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE, CONSISTING OF THE PRESIDENT, VICE-PRESIDENT OF THE BOARD OF DIRECTORS AND THREE ADDITIONAL DIRECTORS ELECTED BY THE BOARD IS IN CHARGE OF FORMULATING THE CORPORATION'S POLICIES, GUIDELINES FOR THE SOLICITATION OF DONATIONS, GRANTS AND FUNDING OF MONEY AND PROPERTY FROM PERSONS OR AGENICES. AFTER BOARD RATIFICATION, THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR THE IMPLEMENTATION OF THESE POLICIES AND GUIDELINES. FORM 990, PART VI, SECTION A, LINE 2 PATRICIA D B MCCALL, VICE PRESIDENT OF THE FOUNDATION, HAS A FAMILY RELATIONSHIP WITH JOHN P BOSWELL, PRESIDENT. J. LUTHER KING, JR. AND MASON KING, BOTH DIRECTORS, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE TERM "MEMBER" OF THE CORPORATION IS NOT SYNONYMOUS WITH THE TERM "MEMBER" IN THE TEXAS BUSINESS ORGANIZATIONS CODE. THE MEMBERS OF THE ORGANIZATION ARE NON-VOTING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE FOUNDATION'S CERTIFIED PUBLIC ACCOUNTING FIRM AFTER THE ANNUAL AUDIT HAS BEEN COMPLETED. WHEN COMPLETE, THE RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR AND AUDIT COMMITTEE CONSISTING OF THE BOARD PRESIDENT, THE TREASURER, VICE PRESIDENT KIT MONCRIEF AND BOARD MEMBER RUSSELL NOBLE, WHICH HAS BEEN CHARGED WITH REVIEW OF THE FORM 990 BEFORE IT IS FILED. COPIES OF THE RETURN ARE PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE THE RETURN IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12 THE CONFLICT OF INTEREST POLICY REQUIRES OFFICERS AND TRUSTEES TO FILL OUT A DISCLOSURE ON AN ANNUAL BASIS THAT IS FIRST REVIEWED BY THE ASSOCIATE DIRECTOR, THEN THE EXECUTIVE DIRECTOR AND TREASURER AND THEN THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR IS EMPLOYED BY AN ORGANIZATION WHICH IS RELATED TO THE FOUNDATION. THE FOUNDATION SHARES THE COSTS OF HER SALARY, BENEFITS AND RELATED PAYROLL TAXES WITH THAT ORGANIZATION. THE BOARD OF DIRECTORS, IN CONJUNCTION WITH THE BOARD OF THE RELATED ORGANIZATION, REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR AFTER COMPARISON WITH THE SALARIES OF OTHER EXECUTIVE DIRECTORS FOR MUSEUMS IN FORT WORTH. THIS PROCESS WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990 PART IX OFFICER AND STAFF COMPENSATION TEXAS AND SOUTHWESTERN CATTLE RAISERS' FOUNDATION (THE FOUNDATION) HAS NO EMPLOYEES. ITS EXECUTIVE DIRECTOR, ASSOCIATE DIRECTOR, MEMBERSHIP DIRECTOR, COLLECTION MANAGER AND ANY TEMPORARY STAFF ARE PAID BY THE NATIONAL COWGIRL MUSEUM AND HALL OF FAME, A RELATED ORGANIZATION. THE FOUNDATION REIMBURSES THE NATIONAL COWGIRL MUSEUM AND HALL OF FAME FOR ITS PORTION OF THE EXECUTIVE DIRECTOR'S SALARY, BENEFITS AND PAYROLL TAX EXPENSE, AND FOR ALL OF THE ASSOCIATE DIRECTOR'S, MEMBERSHIP DIRECTOR'S, COLLECTION MANAGER'S AND ANY TEMPORARY EMPLOYEES' SALARIES, BENEFITS AND ASSOCIATED PAYROLL TAX EXPENSES. UNDER THE COMMON PAYMASTER RULES, THE AMOUNT REIMBURSED TO THE NATIONAL COWGIRL MUSEUM AND HALL OF FAME FOR WORK PERFORMED FOR THE FOUNDATION IS REPORTED AS IF IT WAS PAID DIRECTLY BY THE FOUNDATION. THE FOUNDATION'S EDUCATION DIRECTOR IS PAID BY THE FORT WORTH MUSEUM OF SCIENCE AND HISTORY (FWMSH), AN UNRELATED ORGANIZATION. THE FOUNDATION REIMBURSES FWMSH FOR THOSE COMPENSATION EXPENSES. THE REIMBURSED AMOUNTS ARE REPORTED ON PART IX OF FORM 990 AS COMPENSATION AND COMPENSATION RELATED EXPENSES IN ORDER TO ACCURATELY PRESENT THE EXPENSES OF THE FOUNDATION. NATIONAL COWGIRL MUSEUM & HALL OF FAME 1720 GENDY STREET FORT WORTH TX 76107 751486136 MUSEUM TX 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 NATIONAL COWGIRL MUSEUM & HALL OF FAME P 311152 CASH TRANSFERRED