Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $10,130,407

• 1f · All other contributions, gifts and grants

  $211,004

• 2a · Program service revenue: Drought insurance

  total $1,086,605 · related or exempt $1,086,605

• 2b · Program service revenue: Program lease income

  total $818,382 · related or exempt $818,382

• 3 · Investment income

  total $24,558 · excluded $24,558

• 5 · Royalties

  total $45,929 · excluded $45,929

• 6a · Gross rents

  real property $65,811

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $65,811

• 6d · Net rental income or loss

  total $65,811 · excluded $65,811

• 7a · Gross sales of assets other than inventory

  other assets $30,190

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $30,190

• 7d · Net gain or loss

  total $30,190 · related or exempt $30,190

• 10a · Gross sales of inventory

  $4,963,856

• 10b · Cost of goods sold

  $1,315,491

• 10c · Net income from sales of inventory

  total $3,648,365 · related or exempt $3,648,365

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $171,727 · program services $171,727

• 2 · Grants to domestic individuals

  total $16,900 · program services $16,900

• 5 · Compensation of officers, directors and key employees

  total $1,896,038 · program services $1,157,182 · management and general $738,856

• 7 · Other salaries and wages

  total $2,809,911 · program services $1,977,444 · management and general $832,467

• 8 · Pension plan contributions

  total $171,622 · program services $120,777 · management and general $50,845

• 9 · Other employee benefits

  total $255,528 · program services $179,825 · management and general $75,703

• 10 · Payroll taxes

  total $278,274 · program services $195,832 · management and general $82,442

• 11b · Fees: legal

  total $2,929 · management and general $2,929

• 11c · Fees: accounting

  total $121,124 · management and general $121,124

• 11g · Fees: other

  total $832,124 · program services $770,562 · management and general $61,562

• 12 · Advertising and promotion

  total $38,869 · program services $38,869

• 13 · Office expenses

  total $158,025 · program services $76,314 · management and general $81,711

• 14 · Information technology

  total $31,502 · program services $31,502

• 16 · Occupancy

  total $951,903 · program services $706,223 · management and general $245,680

• 17 · Travel

  total $245,320 · program services $175,040 · management and general $70,280

• 19 · Conferences, conventions and meetings

  total $34,396 · program services $27,298 · management and general $7,098

• 20 · Interest

  total $65,816 · program services $65,816

• 22 · Depreciation, depletion and amortization

  total $1,402,723 · program services $1,376,047 · management and general $26,676

• 23 · Insurance

  total $238,915 · program services $207,094 · management and general $31,821

• 24a · Other expenses: Ranch program

  total $1,744,621 · program services $1,673,978 · management and general $70,643

• 24b · Other expenses: Educational program

  total $427,783 · program services $427,783

• 24c · Other expenses: Repairs and maintenance

  total $376,884 · program services $324,797 · management and general $52,087

• 24d · Other expenses: Research and monitoring

  total $231,182 · program services $231,182

• 24e · All other expenses

  total $19,907 · program services $12,831 · management and general $7,076

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $27,600 · end of year $23,000

• 2 · Savings and temporary cash investments

  beginning of year $1,079,536 · end of year $1,943,806

• 4 · Accounts receivable

  end of year $279,946

• 8 · Inventories for sale or use

  beginning of year $1,351,480 · end of year $1,532,786

• 9 · Prepaid expenses and deferred charges

  beginning of year $51,965 · end of year $27,867

• 10a · Land, buildings and equipment: cost or other basis

  $509,350,953

• 10b · Land, buildings and equipment: accumulated depreciation

  $12,065,939

• 10c · Land, buildings and equipment, net

  beginning of year $495,805,005 · end of year $497,285,014

• 12 · Investments: other securities

  beginning of year $592

• 14 · Intangible assets

  beginning of year $4,574,242 · end of year $4,574,242

• 15 · Other assets

  beginning of year $667,581 · end of year $185,131

• 17 · Accounts payable and accrued expenses

  beginning of year $705,770 · end of year $928,536

• 19 · Deferred revenue

  beginning of year $284,229 · end of year $328,083

• 24 · Unsecured notes and loans payable

  beginning of year $1,706,856

• 25 · Other liabilities

  beginning of year $0 · end of year $197,397

• 27 · Net assets without donor restrictions

  beginning of year $500,861,146 · end of year $504,397,776

The filer's explanations (Part III)

Part I, Lines 4a-b

The organization made severance payments to Nicolas Rangel on 2/15/23, 2/28/23 and 3/15/23 totaling $35,833. The organization has a deferred compensation arrangement under IRC Section 457(f) for Neal Wilkins, President and CEO.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• East Foundation Ranches LLC

  Ranching · TX · income $4,762,809 · assets $7,108,458

  Directly controlled by East Foundation