Texas And Southwestern Cattle Raisers Foundation
- Assets
- $11.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 10/1979
- Data as of
- 12/2021
- EIN
- 75-1762849
Organization Overview
Texas And Southwestern Cattle Raisers Foundation is located in Fort Worth, TX. The organization was established in 1979. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas And Southwestern Cattle Raisers Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Texas And Southwestern Cattle Raisers Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $510.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TEXAS AND SOUTHWESTERN CATTLE RAISERS FOUNDATION'S MISSION IS TO PRESERVE, PROMOTE AND PROTECT THE RICH HERITAGE OF RANCH LIFE AND ADVANCE THE FUTURE OF THE LIVESTOCK INDUSTRY IN THE SOUTHWEST FOR PRESENT AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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 2021 THERE WERE 27 SCHOLARSHIPS PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia W Riley Executive Dir. | Officer | 17 | $130,000 |
John P Boswell President | OfficerTrustee | 1.5 | $0 |
Patricia D B Mccall Vice President | OfficerTrustee | 1.5 | $0 |
John E Dudley Treasurer | OfficerTrustee | 1.5 | $0 |
Kit Moncrief Vice President | OfficerTrustee | 0.5 | $0 |
Mason King Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scott Dennett Construction Contractors - New Museum | 12/30/17 | $843,371 |
Displays Unlimited Art Handling Company (Move Out/in, Insta | 12/30/17 | $320,933 |
Prosound & Video Audio Visual Equipment | 12/30/17 | $286,000 |
Projectiles Architects/designers - New Museum | 12/30/17 | $169,105 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $358,391 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,391 |
| Total Program Service Revenue | $16,050 |
| Investment income | $125,949 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $572,052 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,082,986 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $60,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,383 |
| Compensation of current officers, directors, key employees. | $47,734 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,186 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,497 |
| Payroll taxes | $15,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,462 |
| Fees for services: Other | $3,488 |
| Advertising and promotion | $7,853 |
| Office expenses | $8,131 |
| Information technology | $19,627 |
| Royalties | $0 |
| Occupancy | $5,571 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,537 |
| All other expenses | $0 |
| Total functional expenses | $510,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,718 |
| Savings and temporary cash investments | $235,724 |
| Pledges and grants receivable | $24,165 |
| Accounts receivable, net | $52,950 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $781 |
| Prepaid expenses and deferred charges | $1,600 |
| Net Land, buildings, and equipment | $5,550 |
| Investments—publicly traded securities | $10,801,030 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,664,518 |
| Accounts payable and accrued expenses | $71,389 |
| Grants payable | $0 |
| Deferred revenue | $1,740 |
| 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 | $73,129 |
| Net assets without donor restrictions | $6,874,980 |
| Net assets with donor restrictions | $4,716,409 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $11,664,518 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Texas And Southwestern Cattle Raisers Foundation has recieved totaling $37,500.
| Awarding Organization | Amount |
|---|---|
Edith Winther Grace Charitable Trust Chicago, IL PURPOSE: GENERAL | $10,000 |
The@robert D And Alma Moreton Foundation Chicago, IL PURPOSE: GENERAL | $10,000 |
J S Bridwell Foundation Wichita Falls, TX PURPOSE: OPERATING BUDGET | $7,500 |
Emma Barnsley Foundation Ua Viii Of The Will Of Emma Elizabeth Barns Las Vegas, NV PURPOSE: GENERAL OPERATING | $5,000 |
Bryant Edwards Foundation Inc Wichita Falls, TX PURPOSE: CATTLE RAISERS MUSEUM AND GENERAL OPERATIONS | $5,000 |
Endowment Analysis
| Beg. Balance | $4,437,912 |
| Earnings | $182,241 |
| Net Contributions | $167,114 |
| Other Expense | $10,108 |
| Grants | $60,750 |
| Ending Balance | $4,716,409 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holy Land Experience Ministries Inc Fort Worth, TX | $0 | $1,182,196 |
Museum Of The Bible Inc Oklahoma City, OK | $471,961,036 | $30,370,412 |
Commemorative Air Force Dallas, TX | $31,700,187 | $23,919,156 |
Witte Museum San Antonio, TX | $80,577,156 | $11,273,075 |
American Airpower Heritage Museum Inc Dallas, TX | $14,350,324 | $12,462,262 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Fort Worth Museum Of Science And History Fort Worth, TX | $55,575,767 | $8,824,812 |
Holocaust Museum Houston Houston, TX | $41,860,555 | $7,348,837 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Lady Lex Museum On The Bay Association Corpus Christi, TX | $13,577,755 | $8,975,317 |
Medal Of Honor Museum Foundation Arlington, TX | $99,959,490 | $88,628,383 |