2018-10-04T11:21:43-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 801 CHERRY STREET SUITE 1400 FORT WORTH TX 76102 990 2017-01-01 751762849 TEXAS & SOUTHWESTERN CATTLE RAISERS' FOUNDATION TEXA 8173328551 1600 GENDY FORT WORTH TX 76107 PATRICIA W RILEY EXECUTIVE DIR. 8173328551 2018-09-26 1 MICHAELA J CROMAR CPA P00895728 8178775000 2018-09-26 2017 2022-09-23 18:48:47Z PATRICIA W RILEY 1600 GENDY FORT WORTH TX 76107 7223298 0 X WWW.CATTLERAISERSMUSEUM.ORG X 1979 TX TO PRESERVE, PROMOTE, PROTECT, AND SHARE THE HERITAGE OF THE LIVESTOCK INDUSTRY. 20 19 0 0 0 0 294911 2106491 11201 12683 461843 784602 1593 553 769548 2904329 51367 671118 0 0 287601 368118 700 0 70391 938939 2097030 1278607 3136266 -509059 -231937 7808795 7488245 318808 53988 7489987 7434257 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 2068481 12683 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. THE MUSEUM WAS CLOSED FROM JANUARY 2017 UNTIL MAY 2017 FOR RENOVATIONS, THERFORE WE WERE ONLY OPEN FOR 6 MONTHS IN 2017. FROM JUNE 2017 TO DECEMBER 2017 WE HAD OVER 200,674 VISITORS TO THE MUSEUM. APPROXIMATELY 40,000 STUDENTS ON FIELD TRIPS VISITED DURING THIS TIME PERIOD. 71375 56125 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 2017 THERE WERE 26 SCHOLARSHIPS AWARDED. 614993 614993 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. IN 2017, 32 RANCHES WERE AWARDED RELIEF FUNDS. 2754849 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 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 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 0.50 X X 0 0 0 JOHN E DUDLEY TREASURER 1.50 X X 0 0 0 BRAD BARNES TRUSTEE 0.50 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 MARTY RICHTER 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 0.50 X 0 0 0 BART WULFF TRUSTEE 0.50 X 0 0 0 ELDON WHITE TRUSTEE 0.50 X 0 0 0 PATRICIA W RILEY EXECUTIVE DIR. 17.00 18.00 X 163417 130583 11188 163417 130583 11188 1 0 1 0 SCOTT DENNETT CONSTRUCTION 2313 CULLEN STREET FORT WORTH TX 76107 CONTRACTORS - NEW MUSEUM 843371 DISPLAYS UNLIMITED 626 106TH STREET ARLINGTON TX 76011 ART HANDLING COMPANY (MOVE OUT/IN, INSTA 320933 PROSOUND & VIDEO 1375 NE 123RD STREET MIAMI FL 31661 AUDIO VISUAL EQUIPMENT 286000 PROJECTILES 8 PASSAGE BRULON PARIS FR 75012 ARCHITECTS/DESIGNERS - NEW MUSEUM 169105 4 27500 2078991 44642 2106491 MUSEUM ADMISSIONS 713990 12683 12683 12683 87764 87764 5015807 4318969 696838 696838 696838 MISC INCOME 900099 553 553 553 2904329 12683 0 785155 X 671118 671118 169011 50703 59154 59154 155867 29356 126511 26436 26436 16804 4125 9669 3010 15049 15049 45988 45988 3288 3288 7665 1553 300 5812 15890 9721 3536 2633 15457 15457 6080 6080 5873 2977 2896 6505 693 5812 4147 4147 MUSEUM EXHIBIT 1964999 1964999 DUES & SUBSCRIPTIONS 6097 6097 MUSEUM MEMBERSHIP EXPEN 780 210 570 EVENTS -788 -788 3136266 2754849 311026 70391 272668 1166080 568793 237492 160000 430000 2734 2928 781 781 1100 1100 15759 10209 5550 5550 6797169 5644314 7808795 7488245 307378 42558 11430 11430 318808 53988 X 2799695 3522625 3505292 2726632 1185000 1185000 7489987 7434257 7808795 7488245 -231937 176207 0 X X 0 1 X 1 0 X 313589 263488 271040 294911 2106491 3249519 313589 263488 271040 294911 2106491 3249519 1204866 2044653 117089 122531 123450 113664 87764 564498 11182 11182 6209 1593 553 8355 3833554 122752 0.53340 0.26740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 4690291 1835062 174116 56125 2731712 3911632 5522082 10250 80537 51367 871211 4690291 5721492 10100 -2285 51400 155825 5522082 6032052 1000 47874 359434 5721492 5847002 261701 254217 330868 6032052 0.69700 0.30300 0 0 5550 5550 10209 10209 0 5550 X 3060536 176207 176207 2884329 20000 20000 2904329 3116266 0 3116266 20000 20000 3136266 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, 2017 AND 2016. 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 4B - OTHER ADJUSTMENTS: NONCASH CONTRIBUTION 20,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: NONCASH CONTRIBUTION 20,000. 1 SCHOLARSHIPS - ANIMAL/AGRICULTURAL 21 30375 MARY & LEONARD STILES SCHOLARSHIP 1 5750 LARGE VET SCHOLARSHIPS 4 20000 RANCHER RELIEF FUNDS 32 614993 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. DISASTER RELIEF: THE APPLICANT/APPLICATION WILL REQUIRE INFORMATION AND DOCUMENTATION FOR LOSSES AND/OR DISASTER RELATED EXPENSES TO AID IN EQUITABLY DISTRIBUTING FUNDS, SUCH AS PHOTOGRAPHS, COPIES OF RECEIPTS FOR VETERINARY CARE, INVOICES OR ESTIMATES FOR FENCE REPAIR. 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. RELIEF FUNDS ARE AWARDED TO SUPPORT RELIEF EFFORTS FOR RANCH FAMILIES AFFECTED BY DISASTERS LIKE HURRICANES, FLOODINGS, FIRE AND OTHER INEVITABLE FUTURE NATURAL DISASTERS. X X 0 0 0 0 0 0 0 0 0 PATRICIA W RILEY EXECUTIVE DIR. 129417 130583 34000 0 0 0 0 0 5594 5594 169011 136177 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 34635 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 2017 WAS $34,635. X 1 24642 FMV X 1 20000 FMV 0 0 0 0 PART I, COLUMN (B): AMOUNTS IN COLUMN (B) ARE NUMBER OF CONTRIBUTORS. FORM 990, PART III, LINE 2 IN RESPONSE TO THE DEVASTATION CAUSED BY HURRICANE HARVEY, THE FOUNDATION, IN CONJUCTION WITH THE TEXAS AND SOUTHWESTERN CATTLE RAISERS ASSOCIATION (AN UNRELATED 501(C)(6) ORGANIZATION), SET UP THE CATTLE RAISERS RELIEF FUND TO ASSIST RANCHERS WHO HAD SUSTAINED DAMAGE FROM THE WINDS AND/OR THE FLOODING. THE ASSOCIATION SOLICITED CONTRIBUTIONS FROM THEIR MEMBERS AND THE PUBLIC FOR THE FUND. OVER $600,000 WAS RAISED. IT ALSO SOLICITED APPLICATIONS FOR AID FROM ANY RANCHERS WITH A TEXAS AG/TIMBER TAX EXEMPT NUMBER IN THE COUNTIES THAT HAD BEEN DECLARED DISASTER AREAS. A COMMITTEE COMPOSED OF LOCAL RANCHERS, THE FOUNDATION'S AND THE ASSOCIATION'S LEADERSHIP REVIEWED THE APPLICATIONS OF QUALIFIED RANCHERS TO DETERMINE THE RECIPIENTS OF GRANTS FROM THE FUND. $614,993 WAS DISTRIBUTED TO 32 RECIPIENTS. THIS IS NOT A REGULAR PROGRAM. IT DISTRIBUTED ALL OF THE FUNDS THAT IT COLLECTED FOR HURRICANE HARVEY RELIEF. HOWEVER, IT COULD BE USED AGAIN IN THE EVENT OF FUTURE NATURAL DISASTERS. 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. IT'S EXECUTIVE DIRECTOR, MEMBERSHIP DIRECTOR, ADMINISTRATIVE ASSISTANT AND 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 AND THE 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. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. 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