2020-10-09T13:25:30-05:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 801 CHERRY ST SUITE 1400 FORT WORTH TX 76102 990 2019-01-01 751762849 TEXAS & SOUTHWESTERN CATTLE RAISERS' FOUNDATION TEXA 8173328551 1600 GENDY FORT WORTH TX 76107 PATRICIA W RILEY EXECUTIVE DIR. 8173328551 2020-10-05 1 MICHAELA J CROMAR CPA P00895728 8178775000 2020-10-05 67.137.57.251 2020-10-05 16:06:14 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9EC4AE4B236CAA6DF9A3CAB122CC48B0554A2D85 2019 2021-01-29 14:40:06Z PATRICIA W RILEY 1600 GENDY FORT WORTH TX 76107 3169995 0 X WWW.CATTLERAISERSMUSEUM.ORG X 1979 TX TO PRESERVE, PROMOTE, PROTECT AND SHARE THE HERITAGE OF THE LIVESTOCK INDUSTRY. 17 16 0 0 0 0 516964 686925 15927 14573 354807 216431 4845 -40530 892543 877399 58750 57750 0 0 369811 368696 0 0 68709 161924 155399 590485 581845 302058 295554 7472098 8705662 184836 36873 7287262 8668789 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 0 98487 14573 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. FROM JANUARY 2019 TO DECEMBER 2019 WE HAD OVER 250,228 VISITORS TO THE MUSEUM. 58538 57750 0 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 2019 THERE WERE 26 SCHOLARSHIPS AWARDED. CATTLE RAISERS RELIEF FUND TO SUPPORT RELIEF EFFORTS FOR RANCH FAMILIES AFFECTED BY DISASTERS LIKE HURRICANE HARVEY AND INEVITABLE FUTURE NATURAL DISASTERS. THE CATTLE RAISERS RELIEF FUND (CRRF) IS ADMINISTERED BY THE TEXAS AND SOUTHWESTERN CATTLE RAISERS FOUNDATION. 157025 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 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 PATRICIA W RILEY EXECUTIVE DIR. 17.00 18.00 X 130000 154570 10788 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 130000 154570 10788 1 0 1 0 0 27500 72416 587009 686925 MUSEUM ADMISSIONS 713990 14573 14573 14573 107885 107885 1325 1325 2337404 2228858 108546 108546 108546 19725 72416 63738 -44013 -44013 MISC INCOME 900099 2158 2158 2158 877399 14573 0 175901 X 57750 57750 135373 40611 47381 47381 188965 188965 25002 25002 19356 2250 14481 2625 17320 17320 44341 44341 4032 4032 17074 920 16154 14006 6671 4786 2549 17272 17272 6078 6078 83 83 355 307 48 4282 4282 MUSEUM EXHIBIT 26879 26879 DUES & SUBSCRIPTIONS 2142 2142 MISCELLANEOUS EXPENSE 1535 1535 581845 157025 356111 68709 1345357 1331666 238504 194698 271000 277000 2928 185000 781 781 1100 1100 15759 10209 5550 5550 5606878 6709867 7472098 8705662 99556 25443 85280 11430 184836 36873 X 3167190 4254723 4120072 4414066 7287262 8668789 7472098 8705662 295554 1085973 0 X 0 1 X 1 0 X 271040 294911 2106491 516964 686925 3876331 271040 294911 2106491 516964 686925 3876331 1197080 2679251 123450 113664 87764 94993 109210 529081 1593 553 2540 2158 6844 4412256 111339 0.60720 0.55910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 4120072 347857 9229 57750 5342 4414066 3911632 308792 -32044 58750 9558 4120072 4690291 1835062 174116 56125 2731712 3911632 5522082 10250 80537 51367 871211 4690291 5721492 10100 -2285 51400 155825 5522082 0.33400 0.66600 0 0 5550 5550 10209 10209 0 5550 X 1982769 1085973 63738 1149711 833058 44341 44341 877399 601242 63738 63738 537504 44341 44341 581845 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, 2019 AND 2018. THE FOUNDATION FILES AS A TAX-EXEMPT ORGANIZATION. ITS TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 63,738. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 63,738. TOM LEA EXHIBIT OPENING DINNER 92141 72416 19725 63738 92141 72416 19725 63738 63738 -44013 1 SCHOLARSHIPS - ANIMAL/AGRICULTURAL 22 37000 MARY & LEONARD STILES SCHOLARSHIP 1 5750 LARGE VET SCHOLARSHIPS 3 15000 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. X X 0 0 0 0 0 0 0 0 0 PATRICIA W RILEY EXECUTIVE DIR. 130000 154570 0 0 0 0 0 0 5373 5415 135373 159985 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 35534 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 2019 WAS $35,534. 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