2021-11-04T09:28:13-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 801 CHERRY ST SUITE 1400 FORT WORTH TX 76102 990 2020-01-01 751762849 TEXAS & SOUTHWESTERN CATTLE RAISERS' FOUNDATION TEXA 8173328551 1600 GENDY FORT WORTH TX 76107 PATRICIA W RILEY EXECUTIVE DIR. 8173328551 2021-10-29 1 PATRICIA RILEY 999009999 MICHAELA J CROMAR CPA P00895728 8178775000 2021-10-29 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z PATRICIA W RILEY 1600 GENDY FORT WORTH TX 76107 3698322 0 X WWW.CATTLERAISERSMUSEUM.ORG X 1979 TX TO PRESERVE, PROMOTE, PROTECT AND SHARE THE HERITAGE OF THE THE LIVESTOCK INDUSTRY. 17 16 0 17 0 0 686925 569620 14573 12890 216431 327854 -40530 715 877399 911079 57750 61250 0 0 368696 272380 0 0 52448 155399 207517 581845 541147 295554 369932 8705662 10227689 36873 52781 8668789 10174908 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. 0 1 138807 12890 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. 65114 61250 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 2020 THERE WERE 26 SCHOLARSHIPS PROVIDED. 203921 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 1 0 0 0 1 3 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 0 0 X PATRICIA W RILEY 8173364475 1600 GENDY STREET FORT WORTH TX 76107 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 4.00 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 18.00 X 115000 155000 10084 115000 155000 10084 1 0 1 0 0 87500 482120 569620 MUSEUM ADMISSIONS 713990 12890 12890 12890 115584 115584 500 500 2999513 2787243 212270 212270 212270 MISC INCOME 900099 215 215 215 911079 12890 0 328569 X 61250 61250 120043 36013 42015 42015 115171 115171 20298 20298 16868 2021 12489 2358 16490 16490 53838 53838 848 848 6029 1080 4949 67289 62142 2986 2161 16811 16811 6074 6074 528 308 220 4407 4407 MUSEUM EXHIBIT 19889 19889 DUES & SUBSCRIPTIONS 13465 13465 MUSEUM MEMBERSHIP EXPEN 965 965 MISCELLANEOUS EXPENSE 884 884 541147 203921 284778 52448 1331666 521236 194698 235679 277000 196000 185000 160000 781 781 1100 1100 15759 10209 5550 5550 6709867 9107343 8705662 10227689 25443 51041 11430 1740 36873 52781 X 4254723 5736996 4414066 4437912 8668789 10174908 8705662 10227689 369932 1136187 0 X 0 1 X 1 0 X 294911 2106491 516964 686925 569620 4174911 294911 2106491 516964 686925 569620 4174911 1286458 2888453 113664 87764 94993 109210 116084 521715 1593 553 2540 2158 215 7059 4703685 110799 0.61410 0.60720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 4414066 78537 54691 4437912 4120072 347857 9229 57750 5342 4414066 3911632 308792 -32044 58750 9558 4120072 4690291 1835062 174116 56125 2731712 3911632 5522082 10250 80537 51367 871211 4690291 0.33758 0.66242 0 0 5550 5550 10209 10209 0 5550 X 2038424 1136187 44996 1181183 857241 53838 53838 911079 532305 44996 44996 487309 53838 53838 541147 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 EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3); THEREFORE, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. TAXES ARE PAID ON NET INCOME EARNED FROM SOURCES UNRELATED TO THE EXEMPT PURPOSES. THERE WAS NO NET INCOME FROM UNRELATED BUSINESS FOR THE YEAR ENDED DECEMBER 31, 2020 AND 2019. THE FOUNDATION FILES AS A TAX-EXEMPT ORGANIZATION. ITS TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. 1 SCHOLARSHIPS - ANIMAL/AGRICULTURAL 21 45500 MARY & LEONARD STILES SCHOLARSHIP 1 5750 LARGE VET SCHOLARSHIPS 2 10000 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 AGRICULTURAL 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 MEETS THE CRITERIA FOR ALL 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). X X 0 0 0 0 0 0 0 0 0 PATRICIA W RILEY EXECUTIVE DIR. 115000 155000 0 0 0 0 0 0 5042 5042 120042 160042 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 44802 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 2020 WAS $44,802. FORM 990, PART III, LINE 3 THE FOUNDATION IS LOCATED WITHIN THE FORT WORTH MUSEUM OF SCIENCE AND HISTORY ON THE 2ND FLOOR. THE FOUNDATION ADHERES TO THE MUSEUM'S POLICIES INCLUDING HOURS OF OPERATION. THE MUSEUM WAS CLOSED FROM MARCH 2020 THROUGH THE END OF 2020 (EXCEPT FOR TWO WEEKS THAT THE SCIENCE AND HISTORY MUSEUM ATTEMPTED TO RE-OPEN) DUE TO THE PANDEMIC. AS A RESULT, THE FOUNDATION'S EDUCATION COORDINATOR RESIGNED FROM HER POSITION, AND THE EDUCATION PROGRAMMING THAT THE FOUNDATION PREVIOUSLY PROVIDED HAS CURRENTLY CEASED TO EXIST. THE FOUNDATION ALSO LAID OFF A COLLECTION MANAGER AND CURRENTLY THE FOUNDATION DOES NOT HAVE A FULL-TIME STAFF PERSON TO OVERSEE COLLECTIONS, PROVIDE ABILITY FOR INDIVIDUALS TO DO RESEARCH, ETC. ALSO, DUE TO THE MUSEUM NOT BEING OPEN THE FOUNDATION EXPERIENCED A SIGNIFICANT REDUCTION IN THE FOUNDATION'S MAIN SOURCE OF INCOME - MUSEUM MEMBERSHIPS. THE FOUNDATION PREVIOUSLY LISTED THE RELIEF FUND AS A PROGRAM. THE FOUNDATION HAS CEASED UTILIZING THIS PROGRAM AS IT WAS A PASS THROUGH PROGRAM FOR THE TSCRA TO ASSIST RANCHERS IN TIME OF NATURAL DISASTERS. THE TSCRA HAS HAD A CHANGE IN LEADERSHIP AND THEY DECIDED TO SET UP THEIR OWN RELIEF FUND IN-HOUSE, THUS NO LONGER UTILIZING THE RELIEF FUND ORIGINALLY SET UP THROUGH THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 1 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 TREASURER BEFORE BEING FORWARDED TO THE FINANCE COMMITTEE, 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 15A 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. 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