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← AMERICAN CHAROLAIS FOUNDATION

Form 990 for tax year 2024

Filed by AMERICAN CHAROLAIS FOUNDATION.

Totals

Total revenue
$33,758
Total expenses
$11,203
Contributions and grants received
$12,370
Grants paid
$0
Program service revenue
$0
Investment income
$12,975
Other revenue
$8,413
Total assets, end of year
$463,467
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$463,467
Program services expenses (Part IX)
$11,203
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$11,203

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $12,370

  • 3 · Investment income

    total $12,975 · related or exempt $12,975

  • 11a · Other revenue: LONG TERM CAPITAL GAIN

    total $7,715 · related or exempt $7,715

  • 11b · Other revenue: SHORT TERM CAPITAL GAI

    total $698 · related or exempt $698

  • 11e · Other revenue, total

    $8,413

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $2,203 · program services $2,203

  • 24a · Other expenses: SCHOLARSHIPS

    total $9,000 · program services $9,000

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    beginning of year $440,912 · end of year $463,467

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $440,912 · end of year $463,467

Mission and programs · 2024

Mission

RESEARCH, DEVELOPMENT AND EDUCATION ACTIVITIES TO BENEFIT THE BEEF CATTLE INDUSTRY AND THE CHAROLAIS BREED.

  • RESEARCH, DEVELOPMENT AND EDUCATION ACTIVITIES TO BENEFIT THE BEEF CATTLE INDUSTRY AND THE CHAROLAIS BREED.

    Expenses $11,203 · Revenue $21,388

As filed on the 2024 return.

Listed in Part VII

  • Mike Schumacher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brent Spader

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kaitlyn Chism

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Larry Ludeke

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • J Robert Tibbs Jr

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Rod Smith

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Ray Franz

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202523149349303232

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