2025-11-05T14:53:58-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2024-01-01 751762849 TEXAS & SOUTHWESTERN CATTLE RAISERS' FOUNDATION TEXA 8173328551 1600 GENDY FORT WORTH TX 76107 PATRICIA W RILEY EXECUTIVE DIRECTOR 8173328551 2025-11-05 1 1 LACEY M QUATSOE P01300865 4078021200 2025-11-04 2024 2025-03-06 01:10:19Z PATRICIA W RILEY 1600 GENDY FORT WORTH TX 76107 921383 0 X WWW.CATTLERAISERSMUSEUM.ORG X 1979 TX TO PRESERVE, PROMOTE & PROTECT RANCH LIFE & ADVANCE FUTURE OF LIVESTOCK INDUSTRY IN THE SOUTHWEST. 17 16 4 20 0 0 237054 338235 40142 53081 245735 414012 5851 1 528782 805329 72104 77965 0 0 283076 292851 0 0 27620 246599 317828 601779 688644 -72997 116685 10733914 11557999 76831 147329 10657083 11410670 X TEXAS & SOUTHWESTERN CATTLE RAISERS' FOUNDATION (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. 0 0 196243 1215 36226 MUSEUM MEMBERSHIP PROGRAM - TO SUPPORT THE MUSEUM. WITH MEMBERSHIP, GUESTS CAN VISIT THE MUSEUM AS MUCH AS THEY LIKE AND PARTICIPATE IN EDUCATIONAL PROGRAMMING RELATING TO THE LIVESTOCK INDUSTRY. THERE WERE 83 MEMBERSHIPS IN 2024. 76750 76750 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 2024, THERE WERE 46 SCHOLARSHIPS PROVIDED. 1995 16855 EDUCATIONAL PROGRAM FOR 4TH GRADE TEXAS HISTORY STUDENTS IN DFW AND THE SURROUNDING AREAS - ABOUT 3,800 STUDENTS AND TEACHERS PARTICIPATED IN THE EDUCATION IN ACTION PROGRAMS IN SPRING AND FALL 2024. 274988 1 1 0 0 0 0 0 1 0 1 1 0 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 0 0 0 0 1 X 8 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X CLIFTONLARSONALLEN LLP 8178775000 801 CHERRY ST FORT WORTH TX 76102 JOHN BOSWELL PRESIDENT 1.50 X X 0 0 0 PATRICIA MCCALL VICE PRESIDENT 1.50 X X 0 0 0 KIT MONCRIEF VICE PRESIDENT 0.50 X X 0 0 0 JOHN DUDLEY TREASURER 1.50 X X 0 0 0 MISSY BONDS TRUSTEE 0.50 X 0 0 0 MATT BROCKMAN 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 J LUTHER KING JR TRUSTEE 0.50 X 0 0 0 SCOTT KLEBERG TRUSTEE 0.50 X 0 0 0 ROBERT MCKNIGHT JR TRUSTEE 0.50 X 0 0 0 COLEY MEANS 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 RED STEAGALL TRUSTEE 0.50 X 0 0 0 JOLINE WHARTON TRUSTEE 0.50 X 0 0 0 BART WULFF TRUSTEE 0.50 X 0 0 0 PATRICIA RILEY EXECUTIVE DIRECTOR 17.00 X 146322 0 6085 146322 0 6085 1 0 1 1 0 338235 338235 MUSEUM ADMISSIONS 713990 36226 36226 EDUCATION PROGRAM 611710 16855 16855 53081 206762 206762 323304 116054 207250 207250 207250 OTHER INCOME 900099 1 1 1 805329 53081 0 414013 1215 1215 76750 76750 152407 152407 101032 58125 25581 17326 24371 7157 15081 2133 15041 3534 10453 1054 57319 57319 64151 64151 2609 2609 10976 4197 6689 90 32200 21257 7564 3379 19191 19191 6000 1410 4170 420 25 25 378 378 4384 4384 EXHIBITION COSTS 72338 72338 EQUIPMENT REPAIRS 23344 15186 8158 MUSEUM ADMISSION 13084 11368 1716 DUES & SUBSCRIPTIONS 8692 2042 6041 609 3137 409 2728 688644 274988 386036 27620 223546 195098 347093 824502 269 15759 10209 5550 5550 10157725 10532580 10733914 11557999 76831 147329 76831 147329 X 5799658 6425730 4857425 4984940 10657083 11410670 10733914 11557999 116685 636902 0 X 0 1 X 1 0 X 569620 368391 254658 237054 338235 1767958 569620 368391 254658 237054 338235 1767958 414269 1353689 116084 125949 167832 197725 206762 814352 215 544 826 1 1586 2583896 166474 0.52390 0.55990 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 215. 2021 AMOUNT: $ 544. 2023 AMOUNT: $ 826. 2024 AMOUNT: $ 1. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 1862553 19113 179667 69898 1991435 1711874 46485 176817 72623 1862553 1703474 56475 17552 57850 7777 1711874 1538494 137625 91889 60750 3784 1703474 1474313 78537 50891 65247 1538494 0.78591 0.21409 0 0 5550 5550 10209 10209 0 5550 X 1378080 636902 636902 741178 64151 64151 805329 624493 0 624493 64151 64151 688644 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 WAS NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. 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, 2024 AND 2023, 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. 1 SCHOLARSHIPS 46 76750 N/A PART I, LINE 2: 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. X X 0 0 0 0 0 0 0 1 0 PATRICIA RILEY EXECUTIVE DIRECTOR 125000 0 21322 0 0 0 0 0 6085 0 152407 0 0 0 PART I, LINE 7 THE BONUS PAID TO THE EXECUTIVE DIRECTOR WAS A DISCRETIONARY BONUS BASED ON PERFORMANCE. FORM 990, PART VI SECTION A, LINE 5 AND SCHEDULE J, PART II NATIONAL COWGIRL MUSEUM AND HALL OF FAME (NCMHF), AN UNRELATED BUT AFFILIATED ORGANIZATION, PAID ALL COMPENSATION AND BENEFITS FOR THE EXECUTIVE DIRECTOR. THE FILING ORGANIZATION REIMBURSES NCMHF FOR THE COMPENSATION AND BENEFITS. THE REIMBURSEMENTS ARE REPORTED ON THE STATEMENT OF FUNCTIONAL EXPENSES ON FORM 990, PART IX, LINE 5 AS COMPENSATION OF CURRENT OFFICERS AND DIRECTORS. LUTHER KING CAPITAL MGMT TRUSTEE 56113 INVEST 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 BOARD'S 2010 VOTE TO RETAIN LKCM TO HANDLE ITS INVESTMENT ACTIVITIES. THE BUSINESS TRANSACTION WAS PROVIDED TO THE ORGANIZATION AT FAIR VALUE AND WAS IN THE NORMAL COURSE OF BUSINESS. FORM 990, PART V, LINE 2A THE NUMBER OF EMPLOYEES LISTED AS BEING ON FORM W-3 IS THE TOTAL EMPLOYEE COUNT FOR THE FILING ORGANIZATION. WHILE THE NATIONAL COWGIRL MUSEUM AND HALL OF FAME AND THE FORT WORTH MUSEUM OF SCIENCE AND HISTORY ARE UNRELATED BUT AFFILIATED COMMON PAYMASTERS FOR THE FOUNDATION, THE NUMBER OF EMPLOYEES ONLY INCLUDES THE EMPLOYEE COUNT FOR THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE A STANDING COMMITTEE THAT SHALL HAVE, BETWEEN MEETINGS OF THE DIRECTORS OF THIS FOUNDATION, ALL OF THE POWER AND AUTHORITY WITH RESPECT TO ALL PHASES OF THE FOUNDATION'S ACTIVITIES THAT THE DIRECTORS MIGHT HAVE OR COULD EXERCISE IF ACTING AT A LAWFUL MEETING. IT SHALL KEEP MINUTES OF THE TRANSACTIONS OF ITS MEETINGS AND SHALL CAUSE SUCH MINUTES TO BE RECORDED IN BOOKS KEPT FOR THAT PURPOSE, AND THE CURRENT RECORDS SHALL BE SUBMITTED TO THE BOARD OF DIRECTORS AT EACH OF ITS MEETINGS. IT SHALL CONSIST OF THE PERSONS SERVING IN THE OFFICE OF PRESIDENT, VICE PRESIDENT, SECRETARY AND TREASURER AND NO MORE THAN TWO (2) MEMBERS OF THE BOARD OF DIRECTORS APPOINTED BY THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR SHALL BE AN EX-OFFICIO MEMBER OF THE EXECUTIVE COMMITTEE ENTITLED TO ATTEND AND PARTICIPATE IN ALL MEETINGS AND DELIBERATIONS OF THE EXECUTIVE COMMITTEE, BUT SHALL NOT BE ENTITLED TO ANY VOTE. THE PRESIDENT OF THE FOUNDATION SHALL SERVE AS THE CHAIRPERSON OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 PATRICIA MCCALL AND JOHN BOSWELL HAVE A FAMILY RELATIONSHIP. J. LUTHER KING, JR. AND MASON KING HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION WILL HAVE "VOTING MEMBERS AND "NON-VOTING MEMBERS." ONLY VOTING MEMBERS SHALL BE ENTITLED TO RECEIVE NOTICE OF, ATTEND, AND VOTE AT MEETINGS OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A AT EACH ANNUAL MEETING AT WHICH A QUORUM IS PRESENT, THE VOTING MEMBERS SHALL FILL ANY VACANCIES ON THE BOARD OF DIRECTORS. 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. THE RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR. A COPY OF THE RETURN IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE THE RETURN IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE DIRECTORS AND OFFICERS OF THE FOUNDATION SHALL ACT IN GOOD FAITH, WITH UNDIVIDED LOYALTY TO THE FOUNDATION AND WITH THE HIGH DEGREE OF DILIGENCE, CARE AND SKILL WHICH REASONABLY PRUDENT PERSONS WOULD EXERCISE IN THE CONDUCT OF THEIR OWN AFFAIRS. SPECIFICALLY, THE DIRECTORS AND OFFICERS OF THE FOUNDATION SHALL SEEK TO AVOID CONFLICTS OF INTEREST WITH THE FOUNDATION. A CONFLICT OF INTEREST EXISTS WHENEVER A DIRECTOR OR OFFICER (INCLUDING THE SPOUSE, SIBLINGS, PARENTS OR CHILDREN OF SUCH DIRECTOR OR OFFICER) (REFERRED TO AS AN "INTERESTED PERSON") HAS A MATERIAL FINANCIAL INTEREST IN A TRANSACTION OR ARRANGEMENT UNDER CONSIDERATION BY THE BOARD OF DIRECTORS OF THE FOUNDATION OR A COMMITTEE OF THE BOARD OF DIRECTORS HAVING BOARD AUTHORITY. IF THE BOARD OF DIRECTORS OR ANY COMMITTEE HAVING BOARD AUTHORITY IS CONSIDERING ENTERING ANY TRANSACTION OR ARRANGEMENT WITH AN INTERESTED PERSON OR WITH ANY ENTITY IN WHICH AN INTERESTED PERSON HAS A FINANCIAL INTEREST, (1) THE INTERESTED PERSON MUST DISCLOSE THE POTENTIAL CONFLICT OF INTEREST TO THE BOARD OF DIRECTORS OR SUCH COMMITTEE, AS THE CASE MAY BE, (2) THE INTERESTED PERSON MUST LEAVE THE MEETING WHILE THE MATTER IS DISCUSSED, AND (3) IF THE INTERESTED PERSON HAS ANY VOTING RIGHTS, THE INTERESTED PERSON MAY NOT VOTE ON THE MATTER (ALTHOUGH THE INTERESTED PERSON MAY BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM AT A MEETING OF THE BOARD OF DIRECTORS OR SUCH COMMITTEE, AS THE CASE MAY BE). 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 15A THE BOARD OF DIRECTORS, IN CONJUNCTION WITH THE BOARD OF THE UNRELATED BUT AFFILIATED ORGANIZATION NATIONAL COWGIRL MUSEUM AND HALL OF FAME, REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR AFTER COMPARISON WITH THE SALARIES OF OTHER EXECUTIVE DIRECTORS FOR MUSEUMS IN FORT WORTH. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.