Texas Limousin Association
- Assets
- $45.7k
- Revenue
- $51.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Allison, TX
- Founding
- 07/1971
- Data as of
- 12/2023
- EIN
- 75-1336278
Organization Overview
Texas Limousin Association is located in Allison, TX. The organization was established in 1971. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Limousin Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Texas Limousin Association generated $51.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $55.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING THE LIMOUSIN BREED OF CATTLE BY EDUCATING THE GENERAL PUBLIC THROUGH SPONSORSHIPS OF SALES OF CATTLE AND THE EXHIBITION AND SHOWING OF THE BREED AT VARIOUS LOCAL, STATE AND NATIONAL LIVESTOCK SHOWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CATTLE SALE MANAGEMENT - OVERSEE THE CONSIGNMENT AND SALE OF REGISTERED LIMOUSIN CATTLE TO PURCHASES OF REGISTERED LIMOUSIN CATTLE.
PRIZES AND AWARDS, INCLUDING LIVESTOCK SHOW PREMIUMS PAID TO STUDENTS AND EXHIBITORS WHO SHOW THE LIMOUSIN BREED OF CATTLE, SCHOLARSHIPS TO JUNIOR MEMBERS THAT HAVE EXHIBITED EXCEPTIONAL CATTLE AND BUSINESS MANAGEMENT SKILLS
NEWSPAPER & ADVERTISING - OVERSEE THE PRODUCTION AND MAILING OF ADVERTISEMENTS IN THE ORGANIZATIONS SEMI-MONTHLY PUBLICATION
CONFERENCES AND CONVENTIONS, TEXAS JUNIOR LIMOUSIN ASSOCIATION FIELD DAY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Wilder President | OfficerTrustee | 10 | $0 |
Jason Gaston Vice President | OfficerTrustee | 5 | $0 |
Heather Henderson Secretary | OfficerTrustee | 3 | $0 |
Bret Begert Treasurer | OfficerTrustee | 3 | $0 |
Amber Parkinson Ex Officer | OfficerTrustee | 1 | $0 |
Bruce Lawrence Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,761 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,161 |
| Total Program Service Revenue | $33,532 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,440 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,520 |
| Compensation of current officers, directors, key employees. | $9,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,866 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,930 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $55,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,220 |
| Savings and temporary cash investments | $27,877 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300 |
| Total assets | $45,727 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $45,727 |
| Total liabilities and net assets/fund balances | $45,727 |