2011-11-14T10:15:30-06:00 2010-12-31 RYLANDER CLAY & OPITZ LLP 3200 RIVERFRONT DRIVE SUITE 200 FORT WORTH TX 76107 990 2010-01-01 751762849 TEXAS & SOUTHWESTERN CATTLE RAISERS' FOUNDATION TEXA 8173328551 1600 GENDY FORT WORTH TX 76107 PATRICIA W RILEY 8173328551 2011-11-11 1 ALISON WILLIAMS 8173322301 2010 2016-02-24 21:20:13Z CATTLE RAISERS MUSEUM PATRICIA W RILEY 1600 GENDY FORT WORTH TX 76107 4157747 0 X WWW.CATTLERAISERSMUSEUM.ORG X 1979 TX THE FOUNDATION PROVIDES OPPORTUNITIES FOR PEOPLE OF ALL AGES TO LEARN ABOUT THE HISTORY, HERITAGE, ECONOMICS AND CULTURE OF THE LIVESTOCK INDUSTRY OF THE SOUTHWEST. THIS IS DONE THROUGH THE CATTLE RAISERS MUSEUM EXHIBITS, EDUCATION INITIATIVES AND PROGRAMMING; SCHOLARSHIPS AWARDED; ORAL HISTORY PROGRAM. 19 19 6 40 13942 0 2415035 480291 24887 51565 100002 1553 24064 5619 2563988 539028 45500 40000 0 0 328057 254397 18000 0 60865 256797 175497 648354 469894 1915634 69134 6872976 6909806 252210 51361 6620766 6858445 THE FOUNDATION PROVIDES OPPORTUNITIES FOR PEOPLE OF ALL AGES TO LEARN ABOUT THE ECONOMICS, HISTORY, HERITAGE AND CULTURE OF THE LIVESTOCK INDUSTRY OF THE SOUTHWEST. 0 0 113888 51565 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. IN 2010 THERE WERE 490,228 VISITORS TO THE MUSEUM. 40000 40000 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. 153888 1 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 6 0 1 6 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X X PATRICIA W RILEY 8173364475 1600 GENDY STREET FORT WORTH TX 76107 KIT MONCRIEF 1.50 X X 0 0 0 PATRICIA D B MCCALL 1.50 X X 0 0 0 J MALCOLM SHELTON IV 1.50 X X 0 0 0 ROGER F WELDER 1.50 X X 0 0 0 MISSY BONDS 0.50 X 0 0 0 JOHN P BOSWELL 0.50 X 0 0 0 CONEY BURGESS 0.50 X 0 0 0 JOHN E DUDLEY 0.50 X 0 0 0 HELEN KLEBERG GROVES 0.50 X 0 0 0 ELIZABETH HORWOOD 0.50 X 0 0 0 W CLAY JONES 0.50 X 0 0 0 J LUTHER KING JR 0.50 X 0 0 0 ANNE MARION 0.50 X 0 0 0 RUSSELL NOBLE 0.50 X 0 0 0 MARTY RICHTER 0.50 X 0 0 0 CHRIS SCHARBAUER 0.50 X 0 0 0 RED STEAGALL 0.50 X 0 0 0 JOLINE WHARTON 0.50 X 0 0 0 BART WULFF 0.50 X 0 0 0 BRADFORD S BARNES PART YEAR 0.50 X 0 0 0 PATRICIA W RILEY 35.00 X 115000 115000 5314 115000 115000 5314 1 0 1 0 0 49728 49818 380745 480291 MUSEUM ADMISSIONS 713990 51565 51565 51565 1340 1340 3541796 3541583 213 213 213 67497 49818 77136 -9639 -9639 SPONSORSHIP INCOME 900004 15000 15000 MISCELLANEOUS INCOME 713990 1303 1303 CONSIGNMENT SALES 452000 13 13 -1058 -1058 15258 539028 52868 13942 -8073 40000 40000 117657 39219 39219 39219 119140 35612 83528 3529 3529 14071 14071 1201 1201 17200 17200 13074 13074 11648 5000 6648 8825 7354 1471 8680 1520 6980 180 3024 3024 13633 7629 6004 1151 480 671 3687 3687 BAD DEBT 60600 60600 MUSEUM EXHIBIT 15363 15363 MUSEUM MEMBERSHIP 11053 11053 MEMBERSHIP & DUES 3886 121 3765 MISELLANEOUS 2472 2472 469894 153888 255141 60865 X 4854171 802305 1956882 1698133 8222 1746 781 3049 500 120994 115444 5550 5550 4355437 51578 38878 6872976 6909806 34101 6573 55991 21854 162118 22934 252210 51361 X 911040 970078 4630688 4774967 1079038 1113400 6620766 6858445 6872976 6909806 X 69134 168545 X X 0 1 1 X 0 X 725867 299558 467222 1013292 403195 2909134 725867 299558 467222 1013292 403195 2909134 1307635 1601499 46411 98911 69389 100002 495 315208 1000 591 1316 2907 3227249 468884 0.49620 0.48380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 1079038 5000 73312 2000 3401 1151949 1050358 28680 1079038 923000 127358 8300 8300 1050358 0.96700 0.03300 0 0 5550 5550 10209 10209 0 105235 105235 0 5550 DUE TO AFFILIATE 22934 22934 539028 469894 69134 168545 168545 237679 787209 168545 79636 248181 539028 0 539028 549530 79636 79636 469894 0 469894 PART III, LINE 4: 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. COLLECTION OF ARTIFACTS UTILIZED FOR DISPLAY WITH THE CATTLE RAISERS MUSEUM TO EDUCATE VISITORS ON THE HISTORY OF THE SOUTHWEST AND FOR RESEARCHERS TO UTILIZE. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO FUND SCHOLARSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION FOLLOWS THE PROVISIONS OF FASB ASC 740, INCOME TAXES, WHICH REQUIRES FINANCIAL STATEMENT RECOGNITION AND DISCLOSURE FOR UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FINANCIAL STATEMENT RECOGNITION OF A TAX POSITION IS DEPENDENT ON AN ASSESSMENT OF A 50% OR GREATER LIKELIHOOD THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE BASED ON THE TECHNICAL MERITS OF THE POSITION. INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS WOULD BE RECORDED IN THE STATEMENT OF ACTIVITIES AS INTEREST EXPENSE AND GENERAL AND ADMINISTRATIVE EXPENSE, RESPECTIVELY. AT DECEMBER 31, 2010, MANAGEMENT HAS DETERMINED THAT THE FOUNDATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, TAX RETURNS PRIOR TO 2007 ARE NO LONGER OPEN TO EXAMINATION BY BOTH FEDERAL AND STATE TAX AUTHORITIES. PART XII LINE 2D AND PART XIII LINE 2D. SPECIAL EVENT EXPENSE ($77,136) NETTED AGAINST REVENUE AND EXPENSES. REIMBURSEMENT OF LABOR FOR INSTALLATION OF EXHIBIT ($2,500) RECOGNIZED AS INCOME ON AUDITED FINANCIAL STATEMENTS NETTED AGAINST EXPENSES FOR TAX RETURN PURPOSES. GALA 89557 31375 58182 47056 3000 11804 TRAIL RIDE 27758 18443 9315 3170 12106 117315 49818 67497 50226 3000 23910 77136 -9639 1 SCHOLARSHIPS FOR STUDENTS PURSUING A DEGREE PROGRAM IN ANIMAL SCIENCE, PRE-VET OR AGRIBUSINESS FROM AN ACCREDITED UNIVERSITY IN TEXAS AND OKLAHOMA. 8 8000 MARY & LEONARD STILES SCHOLARSHIP IS AWARDED TO A STUDENT OF A FAMILY INVOLVED IN THE RANCHING OR FARMING INDUSTRY. THIS SCHOLARSHIP IS A ONE-YEAR AWARD FOR A GRADUATING HIGH SCHOOL SENIOR WITH FINANCIAL NEED. THE SCHOLARSHIP WILL BE ELIGIBLE FOR A RENEWAL FOR UP TO FOUR YEARS IF THE RECIPIENT MAKES ACCEPTABLE ACADEMIC PROGRESS AND MAINTAINS THE SCHOLARSHIP REQUIREMENTS. 1 2000 THE FOUNDATION AWARDS SCHALARSHIPS TO STUDENTS NEARING COMPLETION OF A VETERINARY DEGREE PLAN AT TEXAS A&M COLLEGE OF VETERINARY MEDICINE AND PLANNING CAREERS IN LARGE ANIMAL PRACTICE. 5 30000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIP CANDIDATES MUST BE ACCEPTED AT AN ACCREDITED UNIVERSITY IN TEXAS OR OKLAHOMA, PLAN TO PURSE 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 PRODUCTIONS. X X 0 0 0 0 0 0 0 0 0 PATRICIA W RILEY 115000 115000 0 0 0 0 0 0 2657 2657 117657 117657 0 0 BUSINESS TRANSACTION INVOLVING INTERESTED PERSONS FORM 990, PART IV, LINE 28 BOARD MEMBER LUTHER KING IS AN OWNER OF LUTHER KING CAPITAL MANAGEMENT. IN 2010 THE BOARD APPROVED LUTHER KING CAPITAL MANAGEMENT TO MANAGE THE ASSETS OF THE ORGANIZATION. LUTHER KING ABSTAINS FROM ANY VOTES CONNECTED WITH INVESTMENT MATTERS AND RELENQUISHED HIS POSITION AS TREASURER PRIOR TO THE BOARD'S VOTE ON INVESTMENT ACTIVITIES. THE AMOUNT OF FEES PAID BY THE ORGANIZATION TO LUTHER KING CAPITAL MANAGEMENT IN 2010 IS $6,523. FORM 990, PART VI, SECTION A, LINE 2 BRAD BARNES, ADVISORY TRUSTEE, HAS A FAMILY RELATIONSHIP WITH KIT MONCRIEF, PRESIDENT OF THE FOUNDATION. PATRICIA D. B. MCCALL, VICE PRESIDENT OF THE FOUNDATION, HAS A FAMILY RELATIONSHIP WITH JOHN P. BOSWELL, TRUSTEE. FORM 990, PART VI, SECTION A, LINE 4 THE CORPORATION SHALL HAVE ONE OR MORE CLASSES OF MEMBERS WHICH SHALL BE AS SET FORTH IN THE BYLAWS OF THE CORPORATION. THE TERM "MEMBER" OF THE CORPORATION IS NOT SYNONYMOUS WITH THE TERM "MEMBER" IN THE TEXAS BUSINESS ORGANIZATIONS CODE, AND THUS, SUCH PROVISIONS OF THE TEXAS BUSINESS ORGANIZATIONS CODE RELATING TO MEMBERS OF A NON-PROFIT CORPORATION DO NOT APPLY TO THE CORPORATION'S MEMBERS. THE MANAGEMENT OF THE AFFAIRS OF THE CORPORATION SHALL BE VESTED IN THE BOARD OF DIRECTORS AND THE MEMBERS SHALL NOT HAVE THE POWER TO AMEND THE ARTICLES OF INCORPORATION OF THE CORPORATION OR TO ALTER, AMEND OR REPEAL THE CORPORATION'S BYLAWS. 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 11 THE FOUNDATION RECEIVED A COPY OF THE FORM 990 BEFORE IT WAS FILED AND THE RETURN WAS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER. THE FOUNDATION ESTABLISHED A FINANCE COMMITTEE CHARGED WITH REVIEW OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A NEW POLICY WAS IMPLEMENTED IN 2010 THAT REQUIRED 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 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 B, LINE 15B: THE EXECUTIVE DIRECTOR REVIEWS AND SUBMITS TO THE BOARD OF DIRECTORS ANY WAGE MODIFICATIONS FOR OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 168,545. FORM 990, PART XII, LINE 2C: THE FOUNDATION IMPLEMENTED A FINANCE COMMITTEE IN 2010 THAT IS CHARGED WITH REVIEW OF FORM 990 BEFORE IT IS PRESENTED TO THE FULL BOARD. NATIONAL COWGIRL MUSEUM & HALL OF FAME 1720 GENDY STREET FORT WORTH TX 76107 751486136 MUSEUM TX 501(C)(3) LINE 7 N/A 0 TEXAS AND SOUTHWESTERN CATTLE RAISERS ASSOCIATION 1301 W 7TH STREET FORT WORTH TX 76107 750608420 IMPROVE THE CATTLE RAISING INDUSTRY IN TEXAS AND THE SOUTHWEST TX 501(C)(6) LINE 9 N/A 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 NATIONAL COWGIRL MUSEUM & HALL OF FAME N 117657 CASH PAID NATIONAL COWGIRL MUSEUM & HALL OF FAME J 6000 CASH PAID NATIONAL COWGIRL MUSEUM & HALL OF FAME O 110578 CASH PAID TEXAS AND SOUTHWESTERN CATTLE RAISERS ASSOCIATION C 10000 CASH RECEIVED