Form 990 for tax year 2022

Filed by SAN ANTONIO LIVESTOCK EXPOSITION INC.

Totals

Total revenue: $50,413,465
Total expenses: $43,793,201
Contributions and grants received: $9,589,680
Grants paid: $3,650,501
Program service revenue: $39,877,076
Investment income: $212,555
Other revenue: $734,154
Total assets, end of year: $59,711,084
Total liabilities, end of year: $15,842,196
Net assets or fund balances, end of year: $43,868,888
Program services expenses (Part IX): $38,175,795
Management and general expenses: $3,672,726
Fundraising expenses: $1,944,680
Program service expenses (Part III): $38,175,795

Program services were 87.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$160,031
1f · All other contributions, gifts and grants

$9,429,649
1g · Noncash contributions included above

$544,067
2a · Program service revenue: STOCK SHOW AND RODEO

total $38,746,393 · related or exempt $38,746,393
2b · Program service revenue: OTHER RELATED EVENTS/ACTIVITIES

total $1,130,683 · related or exempt $1,130,683
3 · Investment income

total $170,324 · excluded $170,324
4 · Income from investment of tax-exempt bond proceeds

total $0
5 · Royalties

total $0
6a · Gross rents

real property $246,735
6b · Less rental expenses

real property $176,213
6c · Rental income or loss

real property $70,522 · personal property $0
6d · Net rental income or loss

total $70,522 · excluded $70,522
7a · Gross sales of assets other than inventory

securities $381,870 · other assets $16,700
7b · Less cost or other basis and sales expenses

securities $356,339
7c · Gain or loss

securities $25,531 · other assets $16,700
7d · Net gain or loss

total $42,231 · excluded $42,231
8a · Fundraising events: gross income

$2,066,915
8a · Fundraising events: contributions included on line 1c

$160,031
8b · Fundraising events: direct expenses

$1,788,541
8c · Net income from fundraising events

total $278,374 · excluded $278,374
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0
10a · Gross sales of inventory

$684,073
10b · Cost of goods sold

$298,815
10c · Net income from sales of inventory

total $385,258 · excluded $385,258
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $3,650,501 · program services $3,650,501
2 · Grants to domestic individuals

total $0
3 · Grants to foreign organizations and individuals

total $0
4 · Benefits paid to or for members

total $0
5 · Compensation of officers, directors and key employees

total $1,684,739 · program services $639,355 · management and general $1,045,384
6 · Compensation of disqualified persons

total $0
7 · Other salaries and wages

total $3,358,082 · program services $3,347,126 · management and general $10,956
8 · Pension plan contributions

total $379,293 · program services $293,677 · management and general $77,818 · fundraising $7,798
9 · Other employee benefits

total $200,201 · program services $155,010 · management and general $41,075 · fundraising $4,116
10 · Payroll taxes

total $421,400 · program services $326,279 · management and general $86,457 · fundraising $8,664
11a · Fees: management

total $0
11b · Fees: legal

total $134,165 · management and general $134,165
11c · Fees: accounting

total $0
11d · Fees: lobbying

total $0
11e · Fees: professional fundraising services

total $0
11f · Fees: investment management

total $0
11g · Fees: other

total $245,947 · program services $160,297 · management and general $71,014 · fundraising $14,636
12 · Advertising and promotion

total $1,032,556 · program services $1,029,048 · fundraising $3,508
13 · Office expenses

total $0
14 · Information technology

total $0
15 · Royalties

total $0
16 · Occupancy

total $270,294 · program services $209,281 · management and general $55,456 · fundraising $5,557
17 · Travel

total $19,345 · program services $11,691 · management and general $7,654
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $260,880 · program services $93,528 · management and general $151,977 · fundraising $15,375
20 · Interest

total $0
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $1,507,980 · program services $1,070,666 · management and general $437,314
23 · Insurance

total $657,746 · program services $467,000 · management and general $190,746
24a · Other expenses: AUCTION ITEMS

total $177,006 · program services $174,110 · fundraising $2,896
24b · Other expenses: CONTRACT LABOR

total $528,380 · program services $437,875 · management and general $68,620 · fundraising $21,885
24c · Other expenses: DONATIONS

total $407,527 · program services $3,327 · fundraising $404,200
24d · Other expenses: DUES & SUBSCRIPTIONS

total $16,428 · program services $12,315 · management and general $4,113
24e · All other expenses

total $28,840,731 · program services $26,094,709 · management and general $1,289,977 · fundraising $1,456,045

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $12,935,116 · end of year $19,651,886
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $4,384,312 · end of year $6,145,075
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $39,229 · end of year $162,535
9 · Prepaid expenses and deferred charges

beginning of year $277,202 · end of year $530,584
10a · Land, buildings and equipment: cost or other basis

$44,054,433
10b · Land, buildings and equipment: accumulated depreciation

$21,932,470
10c · Land, buildings and equipment, net

beginning of year $21,895,994 · end of year $22,121,963
11 · Investments: publicly traded securities

beginning of year $2,946,854 · end of year $3,159,446
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $0 · end of year $7,939,595
17 · Accounts payable and accrued expenses

beginning of year $3,453,118 · end of year $6,160,428
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $562,385 · end of year $271,442
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $1,091,802 · end of year $9,410,326
27 · Net assets without donor restrictions

beginning of year $18,067,591 · end of year $38,391,215
28 · Net assets with donor restrictions

beginning of year $19,303,811 · end of year $5,477,673

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

The opening sentence in san antonio livestock exposition's (sale) website - " a volunteer organization that emphasizes agriculture and education to develop the youth

Withheld by Nonprofiteer: this text may name a private individual.

Expenses $38,175,795 · Grants $3,650,501 · Revenue $39,877,076

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

Cody Davenport

Exec Dir/CEO

Total calculated

$558,306

From this org

$513,487

From related orgs

$0

Other

$44,819

Hours/week

50

Schedule J breakdown matched by us

Base

$413,487

Bonus

$100,000

Other

not reported

Deferred

$19,800

Nontaxable benefits

$25,019

Filer's total

$558,306
Christopher M Derby

Marketing Officer

Total calculated

$231,540

From this org

$202,936

From related orgs

$0

Other

$28,604

Hours/week

50

Schedule J breakdown matched by us

Base

$177,936

Bonus

$25,000

Other

not reported

Deferred

$10,349

Nontaxable benefits

$18,255

Filer's total

$231,540
Jamie Brown

Chief Fin Officer

Total calculated

$223,162

From this org

$205,493

From related orgs

$0

Other

$17,669

Hours/week

50

Schedule J breakdown matched by us

Base

$185,493

Bonus

$20,000

Other

not reported

Deferred

$11,164

Nontaxable benefits

$6,505

Filer's total

$223,162
Christopher M Weaver

Technology Officer

Total calculated

$212,897

From this org

$203,276

From related orgs

$0

Other

$9,621

Hours/week

50

Schedule J breakdown matched by us

Base

$188,276

Bonus

$15,000

Other

not reported

Deferred

$9,443

Nontaxable benefits

$178

Filer's total

$212,897
John D Phelps

Ticketing Officer

Total calculated

$193,316

From this org

$177,219

From related orgs

$0

Other

$16,097

Hours/week

50

Schedule J breakdown matched by us

Base

$157,219

Bonus

$20,000

Other

not reported

Deferred

$9,550

Nontaxable benefits

$6,547

Filer's total

$193,316
Thomas D Adams

Festival Officer

Total calculated

$163,114

From this org

$148,775

From related orgs

$0

Other

$14,339

Hours/week

50

Schedule J breakdown matched by us

Base

$130,775

Bonus

$18,000

Other

not reported

Deferred

$7,834

Nontaxable benefits

$6,505

Filer's total

$163,114
Karen Caraway

Chief of Staff

Total calculated

$148,165

From this org

$123,127

From related orgs

$0

Other

$25,038

Hours/week

50
Cody O Tharp

Rodeo Officer

Total calculated

$114,936

From this org

$110,425

From related orgs

$0

Other

$4,511

Hours/week

50
Joe Soules

Vice President

Total calculated

$0

Hours/week

2
BJ Hendler

Vice President

Total calculated

$0

Hours/week

2
Nancy Loeffler

Chairman

Total calculated

$0

Hours/week

2
Bert Pfiester

Vice President

Total calculated

$0

Hours/week

2
Randy Vaclavik

Vice President

Total calculated

$0

Hours/week

2
Tina Altgelt Haynes

Vice President

Total calculated

$0

Hours/week

2
Dick Evans

Vice President

Total calculated

$0

Hours/week

2
Richard Martinez

Vice President

Total calculated

$0

Hours/week

2
Allen Cole

Vice President

Total calculated

$0

Hours/week

2
David White

President

Total calculated

$0

Hours/week

2
Dick Evans

Vice President

Total calculated

$0

Hours/week

2
Pat Frost

Vice President

Total calculated

$0

Hours/week

2
Ronnie Urbanczyk

Vice President

Total calculated

$0

Hours/week

2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Compensation committee
3 · Independent compensation consultant
3 · Form 990 of other organizations
3 · Compensation survey or study
3 · Approval by the board or compensation committee
4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan

Answered no

4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Form 990, Schedule J, Part I, Line 3: IN 2008, THE AUDIT, FINANCE AND COMPENSATION SUBCOMMITTEE OF S.A.L.E. ESTABLISHED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR THE EXECUTIVE LEADERSHIP OF S.A.L.E. WITH THE INTENT TO PROMOTE STABILITY, RETENTION, CAPABILITY AND ATTRACTIVENESS TO THE EXECUTIVE LEADERSHIP. SINCE THE PREVIOUS EXECUTIVE DIRECTOR HAD BEEN WORKING AT S.A.L.E. SINCE 1989 AND THE OTHERS FOR SHORTER PERIODS, S.A.L.E. WAS HAVING TO ACCELERATE PAYMENTS TO FUND THE PLAN. THE FOLLOWING INDIVIDUALS WERE PARTICIPANTS IN THE SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN, FOR WHICH AN INCREASE OF $238,329 WAS RECORDED DURING THE FISCAL YEAR ENDED MARCH 31, 2023. THE FOLLOWING INDIVIDUALS WERE PARTICIPANTS DURING THE BEGINNING OF THE YEAR: JAMIE BROWN KAREN CARAWAN, CHRISTOPHER DERBY, DARCI OWENS, JOHN PHELPS, AND SETH C. DAVENPORT, AND THE FOLLOWING WERE PARTICIPANTS AT THE END OF THE YEAR: JAMIE BROWN KAREN CARAWAN, CHRISTOPHER DERBY, CODY O. THARP, JOHN PHELPS, AND SETH C. DAVENPORT. IN ADDITION, AN ACCRUAL OF THESE BENEFITS WAS $210,297 FOR THE FISCAL YEAR ENDED MARCH 31, 2023. INCLUDED IN PART II, COLUMN C (BUT ALSO INCLUDES THE EMPLOYER'S CONTRIBUTION TO THEIR RETIREMENT PLAN) ARE THE CURRENT YEAR DEFERRALS FOR THE SERP. THE TOTALS ARE AS FOLLOWS: JAMIE BROWN - $23,325, SETH C. DAVENPORT - $122,422, CHRISTOPHER DERBY - $20,798, KAREN CARAWAN - $11,278, THOMAS D. ADAMS - $15,629, CODY O. THARP - $11,094, AND JOHN PHELPS - $19,969. A FEW OTHER THINGS CONSIDERED WHEN DRAFTING THE ARRANGEMENT TOOK INTO EFFECT 1) THE FUNDS ARE PAYABLE AT RETIREMENT AND SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE, 2) THE AUDIT, FINANCE AND COMPENSATION SUBCOMMITTEE HAS REVIEWED THE FORM 990, AND 3) S.A.L.E. RELIED UPON REBUTTABLE PRESUMPTION GUIDELINES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

SAN ANTONIO LIVESTOCK EDUCATIONAL FUND INC

$3,650,501

SCHOLARSHIPS & GRANTS

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

SA Livestock Exposition Educational Fund

501(c)(3) · Supporting or · TX

Directly controlled by San Antonio

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 February 2024
IRS schema version: 2022v5.0
Source object: 202410469349302826

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