2024-08-19T14:17:20-05:00 2024-03-31 752393478 WHITLEY PENN LLP 640 TAYLOR STREET SUITE 2200 FT WORTH TX 76102 990 2023-04-01 750575065 SOUTHWESTERN EXPOSITION AND LIVESTOCK SHOW SOUT 8178772400 PO BOX 150 FORT WORTH TX 76101 BRADFORD S BARNES PRESIDENT 8178772400 2024-08-06 1 1 EMILY LANDRY P01614538 8172599100 2023 2024-08-08 14:25:15Z FORT WORTH STOCK SHOW & RODEO BRADFORD S BARNES PO BOX 150 FORT WORTH TX 76101 37383216 0 X WWW.FWSSR.COM X 1948 TX THE CORPORATION IS ORGANIZED AND IS TO BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES. THE CORPORATION IS ORGANIZED TO HOLD AGRICULTURAL FAIRS AND ENCOURAGE AGRICULTURAL PURSUITS. PARTICULARLY, THE CORPORATION IS ORGANIZED AND OPERATED TO ENCOURAGE AND PROMOTE THE BREEDING, RAISING AND MARKETING OF BETTER CATTLE, SWINE, SHEEP, HORSES, MULES, POULTRY AND OTHER LIVESTOCK AND FARM PRODUCTS BY THE EXHIBITION OF SAID STOCK AND FARM PRODUCTS AT PUBLIC FAIRS, AND MAY PROMOTE AND MAINTAIN RESEARCH AND EDUCATIONAL ENDEAVORS IN CONNECTION WITH THE LIVESTOCK INDUSTRY. THE CORPORATION IS ADDITIONALLY FORMED TO ENCOURAGE, INSTRUCT, AND PROMOTE THE EDUCATION OF YOUTHS IN FORT WORTH, TARRANT COUNTY, TEXAS, AND ITS SURROUNDING AREAS. 150 139 758 1800 100040 0 6401668 7129207 21945593 21322597 930004 1037629 291011 291747 29568276 29781180 1368104 1398234 0 0 7139263 7031327 0 0 0 17941198 19297455 26448565 27727016 3119711 2054164 46596851 55807077 15017662 14715060 31579189 41092017 X THE CORPORATION IS ORGANIZED AND IS TO BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES. THE CORPORATION IS ORGANIZED TO HOLD AGRICULTURAL FAIRS AND ENCOURAGE AGRICULTURAL PURSUITS. PARTICULARLY, THE CORPORATION IS ORGANIZED AND OPERATED TO ENCOURAGE AND PROMOTE THE BREEDING, RAISING AND MARKETING OF BETTER CATTLE, SWINE, SHEEP, HORSES, MULES, POULTRY AND OTHER LIVESTOCK AND FARM PRODUCTS BY THE EXHIBITION OF SAID STOCK AND FARM PRODUCTS AT PUBLIC FAIRS, AND MAY PROMOTE AND MAINTAIN RESEARCH AND EDUCATIONAL ENDEAVORS IN CONNECTION WITH THE LIVESTOCK INDUSTRY. THE CORPORATION IS ADDITIONALLY FORMED TO ENCOURAGE, INSTRUCT, AND PROMOTE THE EDUCATION OF YOUTHS IN FORT WORTH, TARRANT COUNTY, TEXAS, AND ITS SURROUNDING AREAS. 0 0 24590592 341371 21329601 EXHIBITION OF LIVESTOCK AND FARM PRODUCTS TO THE PUBLIC IN ORDER TO ENCOURAGE AND PROMOTE THE BREEDING, RAISING, AND MARKETING OF BETTER CATTLE AND AGRICULTURAL PRODUCTS. EACH YEAR THE STOCK SHOW ORGANIZES AND ADMINISTRATES A WORLD CLASS STOCK SHOW EVENT COMPOSED OF VARIOUS PUBLIC COMPETITIONS, EXHIBITIONS AND ENTERTAINMENT SUCH THAT THE EVENT ENHANCES INTEREST AND ENCOURAGES PARTICIPATION IN THE LIVESTOCK AND AGRI-BUSINESS FIELD BY RECOGNIZING AND REWARDING OUTSTANDING ACHIEVEMENT IN THEM. THE EVENT ATTRACTS AS MANY VISITORS AS POSSIBLE FROM THROUGHOUT THE STATE, ACROSS THE NATION AND AROUND THE WORLD TO FORT WORTH, THE CITY OF THIS STOCK SHOW'S HISTORIC ORIGIN IN 1896. IN THE CURRENT YEAR, THE STOCK SHOW ATTENDANCE WAS OVER 1.10 MILLION PEOPLE. 366366 366366 IMPROVING AND ASSISTING THE CITY OF FORT WORTH WITH THE WILL ROGERS MEMORIAL CENTER, THE PHYSICAL FACILITIES IN WHICH THE ANNUAL STOCK SHOW EVENTS AND ITS VARIOUS ACTIVITIES ARE HELD AND WHICH ARE OTHERWISE USED FOR EQUESTRIAN AND LIVESTOCK EVENTS THROUGHOUT THE BALANCE OF THE YEAR. THIS ASSISTANCE IS TO ENSURE THE FACILITIES CONTINUE TO SERVE THE NEEDS OF THE PEOPLE AND THE ORGANIZATIONS USING THEM, AND TO PRESERVE THEIR ECONOMIC IMPACT VALUE AS A MAJOR ASSET FOR THE CITY OF FORT WORTH. ALL PERMANENT IMPROVEMENTS MADE TO FACILITIES BY THE STOCK SHOW ARE TO THE BENEFIT OF AND TRANSFERRED TO THE CITY OF FORT WORTH. SINCE MOVING TO THE WILL ROGERS MEMORIAL CENTER IN 1944, THE ORGANIZATION HAS MADE AND TRANSFERRED IMPROVEMENTS TO THE CITY COSTING MORE THAN $78.15 MILLION IN CURRENT DOLLARS. 690497 690497 IN SUPPORT OF OUR MISSION, THE SOUTHWESTERN EXPOSITION AND LIVESTOCK SHOW IS COMMITTED TO ADVANCING THE EDUCATION OF ADULTS AND YOUTH ALIKE BY PROVIDING LEARNING OPPORTUNITIES AND PROVIDING SCHOLARSHIP OPPORTUNITIES FOR THE YOUTH OF TEXAS. IN ADDITION TO PROVIDING EDUCATIONAL GRANTS AND CONTRIBUTIONS TO VARIOUS CHARITABLE ORGANIZATIONS, THE STOCK SHOW MAINTAINS A VARIETY OF SCHOLARSHIP PROGRAMS THROUGH VARIOUS STOCK SHOW DEPARTMENTS. EACH DEPARTMENT IS RESPONSIBLE FOR RAISING THEIR SCHOLARSHIP FUNDS EACH YEAR AND THE SCHOLARSHIPS ARE AWARDED BY THE VARIOUS DEPARTMENT SUPERINTENDANTS BASED ON DEPARTMENT SPECIFIC GOALS. THE SCHOLARSHIPS ARE PAID OUT BY THE STOCK SHOW DIRECTLY TO THE COLLEGE OR UNIVERSITY, ON A SEMESTER BASIS, IN AMOUNTS RANGING FROM $500 TO $2,000 PER SEMESTER (BASED ON TOTAL AMOUNT AWARDED AND EIGHT SEMESTERS OF COLLEGE) ONCE ENROLLMENT HAS BEEN VERIFIED EACH SEMESTER BY THE COLLEGE OR UNIVERSITY OF THE RECIPIENT'S CHOICE. IN ADDITION TO THE STOCK SHOW SCHOLARSHIP PROGRAMS, THE STOCK SHOW SUPPORTS SEVERAL ORGANIZATIONS AND THEIR EXISTING SCHOLARSHIP PROGRAMS. THE STOCK SHOW WAS ABLE TO PROVIDE OVER 500 SCHOLARSHIPS AND EDUCATIONAL GRANTS THIS YEAR. 25647455 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 759 14 1 758 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 150 139 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BRADFORD S BARNES 8178772400 3400 BURNETT TANDY DRIVE FORT WORTH TX 76107 ADAM J WALDECK DIRECTOR 0.50 X 0 0 0 ALICIA SLATON ADMINISTRATIVE MANAGER 40.00 X 89220 0 26740 ALLEN CRUMLEY DIRECTOR 0.50 X 1150 0 0 BAILEY MCGUIRE DIRECTOR 0.50 X 750 0 0 BECKY RENFRO BORBOLLA DIRECTOR 0.50 X 0 0 0 BILL MOBLY DIRECTOR 0.50 X 0 0 0 BILL POTEET III DIRECTOR 0.50 X 0 0 0 BRADFORD S BARNES PRESIDENT 40.00 0.50 X X 638187 0 158320 BRADLEY WHARTON DIRECTOR 0.50 X 0 0 0 BRANDON WOODWARD DIRECTOR 0.50 X 400 0 0 BRECK RAY DIRECTOR 0.50 0.10 X 0 0 0 BRIAN E LUIG DIRECTOR 0.50 X 0 0 0 BRYAN LILES DIRECTOR 0.50 X 200 0 0 CB TEAM IV DIRECTOR 0.50 X 300 0 0 CAREY W WILLIAMS DIRECTOR 0.50 X 0 0 0 CAROL FAULKENBERRY DIRECTOR 0.50 X 350 0 0 CHARLES R LASATER DIRECTOR 0.50 X 2000 0 0 CHARLIE GEREN VICE PRESIDENT 0.50 X X 0 0 0 CHARLIE ROYER III DIRECTOR 0.50 0.20 X 1150 0 0 CHRIS FARLEY DIRECTOR 0.50 X 0 0 0 CHRIS HARRISON DIRECTOR 0.50 X 500 0 0 CHRIS QUINN DIRECTOR 0.50 X 0 0 0 CLAY GILMER DIRECTOR 0.50 X 0 0 0 CLAYTON E MELTON DIRECTOR 0.50 X 0 0 0 CRAWFORD EDWARDS DIRECTOR 0.50 X 0 0 0 DANNIE J BRUCE JR DIRECTOR 0.50 X 3115 0 0 DARREN HENKEN DIRECTOR 0.50 X 6200 0 0 DAVE APPLETON DIRECTOR 0.50 X 1000 0 0 DAVID GALLAGHER DIRECTOR 0.50 X 0 0 0 DAVID MCDAVID DIRECTOR 0.50 X 0 0 0 DEBRA JOHNSON HEAD DIRECTOR 0.50 X 0 0 0 DEE KELLY JR DIRECTOR 0.50 0.10 X 0 0 0 DEMAR SCIUTO DIRECTOR 0.50 X 600 0 0 DOUG CASSIDY DIRECTOR 0.50 X 0 0 0 EDDIE SANDOVAL III DIRECTOR 0.50 X 400 0 0 EDWARD P BASS CHAIRMAN OF THE BOARD 0.50 1.00 X X 0 0 0 ELAINE B AGATHER SECRETARY 0.50 X X 0 0 0 F D QUINN III DIRECTOR 0.50 X 250 0 0 FLN NEVE DIRECTOR 0.50 X 0 0 0 G MARTIN PHILLIPS DIRECTOR 0.50 X 0 0 0 GARY GRIFFIN DIRECTOR 0.50 X 0 0 0 GARY RAY DIRECTOR 0.50 X 0 0 0 GARY ROSENBUSCH DIRECTOR 0.50 X 1400 0 0 GAVIN MASSINGILL DIRECTOR 0.50 X 500 0 0 GEORGE M YOUNG JR DIRECTOR 0.50 X 0 0 0 GERALD H PERRY DIRECTOR 0.50 X 750 0 0 GILBERT GAMEZ III DIRECTOR 0.50 X 1150 0 0 GLENN BECK DIRECTOR 0.50 X 0 0 0 GORDON H ROBERTS DIRECTOR 0.50 X 0 0 0 GREG MORSE DIRECTOR 0.50 X 0 0 0 HOWARD PENA DIRECTOR 0.50 X 0 0 0 J BRYAN KING DIRECTOR 0.50 X 0 0 0 J C PACE III DIRECTOR 0.50 X 0 0 0 J D JOHNSON DIRECTOR 0.50 X 0 0 0 J R WILLIAMS III DIRECTOR 0.50 X 0 0 0 J T AUGHINBAUGH DIRECTOR 0.50 X 0 0 0 J TYLER MORRIS DIRECTOR 0.50 X 0 0 0 JAKE RICHTER DIRECTOR 0.50 X 0 0 0 JAMIE MORGAN DIRECTOR 0.50 X 0 0 0 JASON LESIKAR DIRECTOR 0.50 X 400 0 0 JAY EWING DIRECTOR 0.50 X 150 0 0 JEFFREY H CONNER DIRECTOR 0.50 X 0 0 0 JOE BRHLIK DIRECTOR 0.50 X 200 0 0 JOHN J HERNANDEZ DIRECTOR 0.50 X 0 0 0 JOHN L LEWIS DIRECTOR 0.50 X 0 0 0 JOHN MENZIES DIRECTOR 0.50 X 500 0 0 JOHN MICHAEL FIERER DIRECTOR 0.50 X 0 0 0 JOHN P BOSWELL DIRECTOR 0.50 X 0 0 0 JOHN T GAVIN DIRECTOR 0.50 X 0 0 0 JON BRUMLEY DIRECTOR 0.50 X 0 0 0 JONNY BRUMLEY DIRECTOR 0.50 X 0 0 0 JULIE PORTER MAYFIELD DIRECTOR 0.50 X 150 0 0 KATE JOHNSON DIRECTOR 0.50 X 0 0 0 KATHLEEN CARTER DIRECTOR 0.50 X 0 0 0 KELLY LYNCH DIRECTOR 0.50 X 1260 0 0 KELLY RILEY DIRECTOR 0.50 X 250 0 0 KELLY THOMPSON DIRECTOR 0.50 X 0 0 0 KELSEY THOMPSON DIRECTOR 0.50 X 0 0 0 KENNETH K LEIBER DIRECTOR 0.50 X 400 0 0 KENT LYNCH DIRECTOR 0.50 X 1400 0 0 KIM JOHNSON DIRECTOR 0.50 X 0 0 0 KIT MONCRIEF DIRECTOR 0.50 X 0 0 0 LANCE CARTER DIRECTOR 0.50 X 0 0 0 LARRY ANFIN DIRECTOR 0.50 X 0 0 0 LORENE AGATHER DIRECTOR 0.50 X 0 0 0 LOUIS E MARTIN III DIRECTOR 0.50 X 0 0 0 LOWELL BOSWELL DIRECTOR 0.50 X 0 0 0 MADELON L BRADSHAW DIRECTOR 0.50 X 0 0 0 MARK LANSFORD DIRECTOR 0.50 X 300 0 0 MARK NURDIN DIRECTOR 0.50 X 0 0 0 MARTIN RICHTER DIRECTOR 0.50 X 1150 0 0 MARY BETH MILLETT DIRECTOR 0.50 X 0 0 0 MARY MARGARET RICHTER DIRECTOR 0.50 X 0 0 0 MARY RALPH LOWE DIRECTOR 0.50 X 0 0 0 MASON KING DIRECTOR 0.50 X 0 0 0 MAT GALLITON DIRECTOR 0.50 X 1960 0 0 MATTHEW CARTER SENIOR EXECUTIVE VICE PRESIDENT/GENERAL MANAGER 40.00 1.00 X 386073 0 41487 MICHAEL B HARRISON DIRECTOR 0.50 X 400 0 0 MICHAEL D WARNER DIRECTOR 0.50 X 0 0 0 MICHELE HAHNFELD DIRECTOR 0.50 X 0 0 0 MIKE BERRY DIRECTOR 0.50 X 0 0 0 MIKE MONCRIEF DIRECTOR 0.50 X 0 0 0 MIKE SANDS DIRECTOR 0.50 X 400 0 0 MORRIS L SHEATS II DIRECTOR 0.50 X 0 0 0 PAM MINICK DIRECTOR 0.50 X 1000 0 0 PAT HAMILTON DIRECTOR 0.50 X 0 0 0 PAXTON MOTHERAL DIRECTOR 0.50 X 1150 0 0 PHILIP C WILLIAMSON VICE PRESIDENT 0.50 X X 0 0 0 PHILIP E NORWOOD DIRECTOR 0.50 X 0 0 0 PHILIP L SCHUTTS DIRECTOR 0.50 X 500 0 0 R BLAIR NORMAN DIRECTOR 0.50 X 0 0 0 R MIKE LANSFORD DIRECTOR 0.50 X 300 0 0 RANDY RODGERS TREASURER 0.50 X X 0 0 0 RANDY UPSHAW DIRECTOR 0.50 X 500 0 0 RANDY WATSON DIRECTOR 0.50 X 0 0 0 RAYMOND P LOPEZ DIRECTOR 0.50 X 240 0 0 REBECCA CLEGG EMERGY DIRECTOR 0.50 X 0 0 0 ROB FELTON DIRECTOR 0.50 X 0 0 0 ROBERT H MERRILL DIRECTOR 0.50 X 0 0 0 ROBERT HEROD DIRECTOR 0.50 X 3080 0 0 ROBERT L PATTON DIRECTOR 0.50 X 0 0 0 RODNEY WOODSON DIRECTOR 0.50 X 0 0 0 ROLAND K JOHNSON DIRECTOR 0.50 X 200 0 0 ROSARIO VILLALPANDO DIRECTOR 0.50 X 0 0 0 ROSE M ALVAREZ DIRECTOR 0.50 X 0 0 0 ROSS PEROT JR DIRECTOR 0.50 X 0 0 0 ROY J EATON DIRECTOR 0.50 X 0 0 0 ROZANNE ROSENTHAL DIRECTOR 0.50 X 0 0 0 S DALE OUSLEY DIRECTOR 0.50 X 600 0 0 SCOTT KLEBERG VICE PRESIDENT 0.50 X X 0 0 0 SCOTT PRINCE DIRECTOR 0.50 X 0 0 0 SHERMAN JONES DIRECTOR 0.50 X 1150 0 0 STORMY MULLINS DIRECTOR 0.50 X 9325 0 0 T ROSS BAILEY DIRECTOR 0.50 X 0 0 0 TED FORD DIRECTOR 0.50 X 0 0 0 THEO THOMPSON DIRECTOR 0.50 X 1150 0 0 THOMAS B REYNOLDS DIRECTOR 0.50 X 0 0 0 THOMAS B SAUNDERS V DIRECTOR 0.50 X 0 0 0 TODD DAVENPORT DIRECTOR 0.50 X 0 0 0 TODD TIPPETT DIRECTOR 0.50 X 400 0 0 TOM FELLER DIRECTOR 0.50 X 0 0 0 TRENT PRIM DIRECTOR 0.50 X 1150 0 0 TREY GORDON DIRECTOR 0.50 X 0 0 0 VON R BOX DIRECTOR 0.50 X 900 0 0 WARREN E MAYBERRY DIRECTOR 0.50 X 300 0 0 WILLIAM C ANDERSON DIRECTOR 0.50 X 0 0 0 WILLIAM D RATLIFF IV DIRECTOR 0.50 X 0 0 0 WILSON D FRANKLIN DIRECTOR 0.50 X 0 0 0 WILSON MARTIN DIRECTOR 0.50 X 300 0 0 WM DAVID MOORE DIRECTOR 0.50 X 0 0 0 BRUCE MCCARTY EXECUTIVE VICE PRESIDENT 40.00 X 240315 0 149851 KIMBERLY DEWOODY FINANCE DIRECTOR 40.00 0.50 X 253690 0 26977 ASHLEY DAVIS DEPARTMENT MANAGER 40.00 X 100112 0 22938 DAVID BROCKMAN DEPARTMENT MANAGER 40.00 X 141750 0 51468 DOUGLAS WHITE DEPARTMENT MANAGER 40.00 X 127638 0 46538 JESSICA BIRGE DEPARTMENT MANAGER 40.00 X 138817 0 76246 KAREN MAYNARD ACCOUNTING ASSISTANT 40.00 0.50 X 111920 0 36357 LAUREN MURRAY DEPARTMENT MANAGER 40.00 X 151700 0 65769 MEREDITH MCGRATH GROUP SALES COORDINATOR 40.00 X 101026 0 34640 STEFAN MARCHMAN DEPARTMENT MANAGER 40.00 X 149807 0 75126 2683585 0 812457 12 0 1 0 LONE STAR ELECTRIC 2320 CULLEN ST FORT WORTH TX 76107 ELECTRICAL CONTRACTOR 189717 TOVAR PR LLC PO BOX 182365 ARLINGTON TX 76096 PUBLIC RELATIONS 104304 2 25950 25000 7078257 7129207 RODEO & LIVESTOCK SHOW 711210 21227364 21127324 100040 OTHER PROGRAM INCOME 711210 89739 89739 LIVESTOCK SALES 110000 5494 5494 21322597 925410 925410 7493709 7381490 112219 112219 112219 186278 25950 71489 114789 114789 200400 130486 69914 69914 125615 18571 107044 107044 29781180 21329601 100040 1222332 718423 718423 679811 679811 2919761 2469789 449972 3515416 2973646 541770 58553 49529 9024 133404 112845 20559 404193 341902 62291 79739 79739 69711 69711 180182 180182 27622 27622 160130 50388 109742 172414 172414 855759 651304 204455 80230 12429 67801 132287 109869 22418 300060 240048 60012 STOCK SHOW AND RODEO 16733639 16733639 OTHER EXPENSES 264712 264712 CALF SCRAMBLE EXPENSE 144582 144582 FINANCE CHARGES 96388 66917 29471 27727016 25647455 2079561 0 83974 140328 5945 5943 1086069 1567954 3904 0 47147 38420 3451428 2489407 921958 962021 38272185 45253519 331756 321277 3901564 3780589 1942349 3737026 46596851 55807077 135457 399290 10896502 10461319 131252 126545 3854451 3727906 15017662 14715060 X 27780271 36689590 3798918 4402427 31579189 41092017 46596851 55807077 X 2054164 5133836 2324828 X X 0 1 X 1 0 X 806127 1783834 6717297 6401668 7129207 22838133 29299949 12442 18502878 22057971 21348172 91221412 30106076 1796276 25220175 28459639 28477379 114059545 0 40089 40089 40089 40089 114019456 484347 367387 406529 649091 925410 2832764 484347 367387 406529 649091 925410 2832764 100040 100040 30590423 2163663 25626704 29108730 29502829 116992349 0.97460 0.97700 0.02420 0.02260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 904205 359917 544288 2340249 1933004 407245 206974 196486 10488 962021 FWISD PARKING RECEIVABLE 110236 DEFINED BENEFIT PLAN 3548790 CITY OF FORT WORTH WRMC RENOVATIONS 78000 3737026 LONG TERM PORTION OF RENT 3727906 3727906 X 37249550 5133836 2343399 7477235 29772315 180182 -171317 8865 29781180 27736722 18571 18571 27718151 180182 -171317 8865 27727016 PART X, LINE 2: THE STOCK SHOW IS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"), AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. THEREFORE, NO PROVISION FOR FEDERAL INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. TAX POSITIONS ARE EVALUATED IN A TWO-STEP PROCESS. THE STOCK SHOW FIRST DETERMINES WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION. IF A TAX POSITION MEETS THE MORE LIKELY THAN NOT THRESHOLD, IT IS THEN MEASURED TO DETERMINE THE AMOUNT OF EXPENSE TO RECORD IN THE FINANCIAL STATEMENTS. THE TAX POSITION IS MEASURED AS THE LARGEST AMOUNT OF EXPENSE THAT IS GREATER THAN 50 PERCENT LIKELY TO BE REALIZED UPON SETTLEMENT. THE STOCK SHOW CLASSIFIES ANY POTENTIAL ACCRUED INTEREST RECOGNIZED ON AN UNDERPAYMENT OF INCOME TAXES AND ANY STATUTORY PENALTIES RECOGNIZED ON A TAX POSITION TAKEN AS OTHER NON-INTEREST EXPENSE. THE STOCK SHOW DID NOT INCUR ANY PENALTIES OR INTEREST DURING THE YEARS ENDED MARCH 31, 2024 AND 2023. MANAGEMENT OF THE STOCK SHOW HAS NOT TAKEN A TAX POSITION THAT, IF CHALLENGED, WOULD BE EXPECTED TO HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS AT MARCH 31, 2024 AND 2023. THE STOCK SHOW FILES FORM 990 IN THE FEDERAL JURISDICTION WITHIN THE UNITED STATES. NO TAX RETURNS ARE CURRENTLY UNDER EXAMINATION BY ANY TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: EFFECT OF FASB STATEMENT NO 158: FASB STATEMENT 158 REQUIRES THE STOCK SHOW TO FULLY RECOGNIZE THE CHANGE IN THE FUNDED POSITION (THE DIFFERENCE BETWEEN THE FAIR VALUE OF PLAN ASSETS AND THE BENEFIT OBLIGATION) OF ITS POSTRETIREMENT BENEFIT PLAN IN THE BALANCE SHEET 2,324,828. COST OF MERCHANDISE SOLD 18,571. PART XI, LINE 4B - OTHER ADJUSTMENTS: RAFFLE EXPENSES -171,317. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF MERCHANDISE SOLD 18,571. PART XII, LINE 4B - OTHER ADJUSTMENTS: RAFFLE EXPENSES -171,317. LIVESTOCK APPRECIATION DAY LUNCHEON 80900 9000 71900 31333 720 SHOOT FOR SCHOLARSHIPS 76480 3800 72680 900 14608 2667 2300 1 54848 13150 41698 2990 6600 8326 1045 212228 25950 186278 3890 21208 42326 4065 71489 114789 200400 83078 47408 0 200400 83078 47408 130486 69914 TX 1 0 1 0 1.00000 SOUTHWESTERN EXPOSITION AND LIVESTOCK SHOW PO BOX 150 FORT WORTH TX 76101 1 200400 14028 BUMP WORLDWIDE PO BOX 936714 ATLANTA GA 31193 0 1 CAREITY FOUNDATION PO BOX 126038 FORT WORTH TX 76126 061704800 501(C)(3) 0 51000 EDUCATION COOK CHILDRENS MEDICAL CENTER 801 7TH AVENUE FORT WORTH TX 76104 752051646 501(C)(3) 0 59000 EDUCATION FORT WORTH MUSEUM OF SCIENCE AND HISTORY 1600 GENDY STREET FORT WORTH TX 76107 750755335 501(C)(3) 0 50000 EDUCATION JUNIOR LEAGUE OF FORT WORTH 255 BAILEY AVENUE FORT WORTH TX 76107 756022377 501(C)(3) 0 34470 EDUCATION MUSTANG CHAMPIONS PO BOX 5768 LAGO VISTA TX 78645 881550840 501(C)(3) 0 113183 EDUCATION NATIONAL COWGIRL MUSEUM & HALL OF FAME 1720 GENDY ST FORT WORTH TX 76107 751486136 501(C)(3) 0 50100 EDUCATION NATIONAL MULTICULTURAL WESTERN HERITAGE MUSEUM 2401 SCOTT AVE FORT WORTH TX 76103 752961984 501(C)(3) 0 10000 EDUCATION TARRANT COUNTY BLACK HISTORIC & GENEALOGICAL SOCIETY PO BOX 50483 FORT WORTH TX 76105 751790805 501(C)(3) 0 7500 EDUCATION 8 EQUINE SCHOLARSHIPS 30 51000 VARIOUS SCHOLARSHIPS 38 36000 CALF SCRAMBLE STUDENT AG AWARDS AND SCHOLARSHIPS 309 337561 HEIFER BEEF CHALLENGE SCHOLARSHIPS 21 42000 ART CONTEST SCHOLARSHIPS 44 45250 COMMERCIAL HEIFER SCHOLARSHIPS 15 11500 TEXAS M.A.D.E. 13 31000 FFA SCHOLARSHIPS 28 57000 4-H SCHOLARSHIPS 32 68500 PART I, LINE 2: FOR ALL SCHOLARSHIPS ISSUED BY THE ORGANIZATION, THE SCHOLARSHIP COMMITTEE REVIEWS THE APPLICANTS AND KEEPS A WRITTEN FILE ON EACH STUDENT. AFTER THE WRITTEN CRITERIA HAS BEEN REVIEWED BY THE COMMITTEE, PROOF OF ELIGIBILITY FROM THE EDUCATIONAL INSTITUTION MUST BE VERIFIED ON BEHALF OF THE STUDENT BEFORE ANY FUNDS ARE DISBURSED. GRANTS TO PUBLIC CHARITIES ARE GENERALLY PROVIDED FOR SPECIFIC PURPOSES ONLY. MANAGEMENT MONITORS THE PROJECTS THROUGH THEIR COMPLETION, BUT GENERALLY DOES NOT REQUIRE ANY FORMAL REPORTING FROM THE RECIPIENT ORGANIZATION. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 BRADFORD S BARNES PRESIDENT 398187 0 240000 0 0 0 128140 0 30180 0 796507 0 0 0 MATTHEW CARTER SENIOR EXECUTIVE VICE PRESIDENT/GENE 349073 0 37000 0 0 0 19050 0 22437 0 427560 0 0 0 BRUCE MCCARTY EXECUTIVE VICE PRESIDENT 217315 0 23000 0 0 0 135924 0 13927 0 390166 0 0 0 KIMBERLY DEWOODY FINANCE DIRECTOR 230690 0 23000 0 0 0 13010 0 13967 0 280667 0 0 0 STEFAN MARCHMAN DEPARTMENT MANAGER 135807 0 14000 0 0 0 64439 0 10687 0 224933 0 0 0 LAUREN MURRAY DEPARTMENT MANAGER 137700 0 14000 0 0 0 51802 0 13967 0 217469 0 0 0 JESSICA BIRGE DEPARTMENT MANAGER 125817 0 13000 0 0 0 62279 0 13967 0 215063 0 0 0 DAVID BROCKMAN DEPARTMENT MANAGER 128750 0 13000 0 0 0 37501 0 13967 0 193218 0 0 0 DOUGLAS WHITE DEPARTMENT MANAGER 114638 0 13000 0 0 0 32571 0 13967 0 174176 0 0 0 PART I, LINE 1A COUNTRY CLUB DUES WERE PAID ON BEHALF OF BRADFORD S. BARNES AND MATTHEW CARTER. THE ORGANIZATION'S BOARD OF DIRECTORS DO NOT RECEIVE ANY COMPENSATION FOR SERVING IN THEIR CAPACITY AS A BOARD MEMBER, BUT CERTAIN BOARD MEMBERS DO RECEIVE COMPENSATION FOR VARIOUS SERVICES THEY PERFORM DURING THE ANNUAL SOUTHWESTERN EXPOSITION AND LIVESTOCK SHOW. CAREY WILLIAMS EXECUTIVE MANAGER OF JAMES WOOD MOTORS OF NTCD. DIRECTOR OF SW EXPO. 250000 NORTH TEXAS CHEVY DEALERS (NTCD) IS A MAJOR SPONSOR OF THE STOCK SHOW THAT PROVIDES SPONSORSHIP REVENUE. 0 PHILIP C WILLIAMSON CONTRACT EMPLOYEE OF WILLIAMSON-DICKIE MANUFACTURING CO. DIRECTOR OF SW EX. 297188 WILLIAMSON-DICKIE MANUFACTURING CO. IS A MAJOR SPONSOR OF THE STOCK SHOW THAT PROVIDES SPONSORSHIP REVENUE. 0 ELAINE AGATHER AND J T AUGHINBAUG BOTH ELAINE AND J. T. ARE EMPLOYED BY JPMORGAN. DIRECTORS OF SW EXPO. 100000 JPMORGAN IS A MAJOR SPONSOR OF THE STOCK SHOW THAT PROVIDES SPONSORSHIP REVENUE. 0 J BRYAN KING AND MASON KING PRINCIPALS OF LUTHER KING CAPITAL MANAGEMENT. DIRECTORS OF SW EXPO. 233590 LUTHER KING CAPITAL MANAGEMENT MANAGES A PORTION OF THE STOCK SHOW INVESTMENTS ON A STANDARD FEE BASIS. 0 JON BRUMLEY AND JONNY BRUMLEY PRESENTING SPONSORSHIP OF MILITARY APPRECIATION DAY. DIRECTORS OF SW EXPO. 118958 RECOGNITION IN MILITARY DAY ADVERTISING AND MILITARY APPRECIATION DAY RODEO PERFORMANCE. 0 JULIE PORTER MAYFIELD EMPLOYED BY AGTRUST FARM CREDIT. DIRECTOR OF SW EXPO. 200664 AGTRUST FARM CREDIT IS A MAJOR SPONSOR OF THE STOCK SHOW THAT PROVIDES SPONSORSHIP REVENUE. 0 MATTHEW CARTER DIRECTOR OF AGTRUST FARM CREDIT AND SW EXPO. 200664 AGTRUST FARM CREDIT IS A MAJOR SPONSOR OF THE STOCK SHOW THAT PROVIDES SPONSORSHIP REVENUE. 0 FORM 990, PART VI, SECTION A, LINE 2 BAILEY MCGUIRE, DEMAR SCIUTO AND DEBRA JOHNSON HEAD HAVE A FAMILY RELATIONSHIP. JOHN P. BOSWELL AND LOWELL BOSWELL HAVE A FAMILY RELATIONSHIP. JON BRUMLEY AND JONNY BRUMLEY HAVE A FAMILY RELATIONSHIP. KATHLEEN CARTER AND LANCE CARTER HAVE A FAMILY RELATIONSHIP. MICHAEL B. HARRISON AND CHRIS HARRISON HAVE A FAMILY RELATIONSHIP. MARTIN RICHTER, MARY MARGARET RICHTER, AND RANDY RODGERS HAVE A FAMILY RELATIONSHIP. PHILIP L. SCHUTTS AND SHERMAN JONES HAVE A FAMILY RELATIONSHIP. MARK LANSFORD AND R. MIKE LANSFORD HAVE A FAMILY RELATIONSHIP. WILLIAM C. ANDERSON AND WILLIAM D. RATLIFF IV HAVE A FAMILY RELATIONSHIP. J. BRYAN KING AND MASON KING HAVE A FAMILY RELATIONSHIP. KENT LYNCH AND KELLY LYNCH HAVE A FAMILY RELATIONSHIP. ELAINE B. AGATHER AND LORENE AGATHER HAVE A FAMILY RELATIONSHIP. KIT MONCRIEF AND BRADFORD S. BARNES HAVE A FAMILY RELATIONSHIP. KIT MONCRIEF AND CHARLIE GEREN HAVE A FAMILY RELATIONSHIP. KIT MONCRIEF AND CHARLIE ROYER III HAVE A FAMILY RELATIONSHIP. TRENT PRIM AND BRADFORD S. BARNES HAVE A FAMILY RELATIONSHIP. JOHN P. BOSWELL, CHARLIE GEREN, GREG MORSE, AND DEE KELLY JR. HAVE A BUSINESS RELATIONSHIP. KENNETH K. LEIBER AND CRAWFORD EDWARDS HAVE A BUSINESS RELATIONSHIP. MATTHEW R. CARTER AND EDWARD P. BASS HAVE A BUSINESS RELATIONSHIP. MIKE BERRY AND ROSS PEROT JR. HAVE A BUSINESS RELATIONSHIP. PAXTON MOTHERAL AND CRAWFORD EDWARDS HAVE A BUSINESS RELATIONSHIP. PAXTON MOTHERAL AND CHARLIE GEREN HAVE A BUSINESS RELATIONSHIP. J. BRYAN KING AND MASON KING HAVE A BUSINESS RELATIONSHIP. J. BRYAN KING, MASON KING, RANDY RODGERS, AND SCOTT KLEBERG HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE CHOSEN BY A MAJORITY VOTE FROM A NOMINATING COMMITTEE AND ELECTED BY A MAJORITY VOTE OF THE MEMBERS. MEMBERS DO NOT RECEIVE ANY COMPENSATION FOR SERVING IN THEIR CAPACITY AS A MEMBER AND NO PART OF THE ORGANIZATION'S EARNINGS OR ASSETS SHALL EVER INURE TO THE BENEFIT OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING EACH YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS REVIEWED IN DETAIL AND APPROVED BY THE FINANCE AND AUDIT COMMITTEE, AND PRIOR TO IT BEING FILED A COPY IS PROVIDED TO ALL MEMBERS OF THE EXECUTIVE COMMITTEE WHICH CONSTITUTES THE GOVERNING BODY AND HAS BEEN DELEGATED WITH THE PRIMARY POWER OF GOVERNANCE BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE COMMITTEE MEETS ONCE A YEAR TO DETERMINE IF ANYONE OR ANY TRANSACTION HAS VIOLATED THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE, IN RECOMMENDING SUCH COMPENSATION, AND THE EXECUTIVE COMMITTEE, IN APPROVING SUCH COMPENSATION, SHALL FOLLOW THREE STEPS. FIRST, EACH COMMITTEE SHALL MEET IN SESSIONS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. SECOND, EACH COMMITTEE SHALL OBTAIN AND RELY UPON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING ITS DETERMINATION. THIRD, EACH COMMITTEE SHALL ADEQUATELY DOCUMENT THE BASIS FOR ITS DETERMINATION CONCURRENTLY WITH MAKING ITS DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EFFECT OF FASB STATEMENT NO 158: FASB STATEMENT 158 REQUIRES THE ASSOCIATION TO FULLY RECOGNIZE THE CHANGE IN THE FUNDED POSITION (THE DIFFERENCE BETWEEN THE FAIR MARKET VALUE OF PLAN ASSETS AND THE BENEFIT OBLIGATION) OF ITS POSTRETIREMENT BENEFIT PLAN IN THE BALANCE SHEET 2,324,828. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN THE PROCESS FROM PRIOR YEARS. AGRICULTURAL DEVELOPMENT FUND PO BOX 150 FORT WORTH TX 76101 751824668 TO PAY A PREMIUM/BONUS TO OWNERS OF LIVESTOCK TX 501(C)(3) 9 0 EVENT FACILITIES FORT WORTH INC PO BOX 150 FORT WORTH TX 76101 260011624 PROVIDE SUPPORT TO THE SOUTHWESTERN EXPOSITION AND LIVESTOCK SHOW TX 501(C)(3) 11A, TYPE I 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 AGRICULTURAL DEVELOPMENT FUND Q 193568 FMV AGRICULTURAL DEVELOPMENT FUND C 25000 FMV AGRICULTURAL DEVELOPMENT FUND B 230000 FMV EVENT FACILITIES FORT WORTH INC D 402432 CASH EVENT FACILITIES FORT WORTH INC K 1 CASH EVENT FACILITIES FORT WORTH INC Q 24487 COST