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← PARKER COUNTY LIVESTOCK IMPROVEMENT ASSOC INC

Form 990 for tax year 2023

Filed by PARKER COUNTY LIVESTOCK IMPROVEMENT ASSOC INC.

Totals

Total revenue
$1,401,586
Total expenses
$1,291,853
Contributions and grants received
$73,890
Grants paid
$98,750
Program service revenue
$954,505
Investment income
$1
Other revenue
$373,190
Total assets, end of year
$959,249
Total liabilities, end of year
$278
Net assets or fund balances, end of year
$958,971
Program services expenses (Part IX)
$1,272,739
Management and general expenses
$19,114
Fundraising expenses
$0
Program service expenses (Part III)
$1,272,739

Program services were 98.5% 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

    $73,890

  • 2a · Program service revenue: AWARDS

    total $954,505 · related or exempt $954,505

  • 3 · Investment income

    total $1 · excluded $1

  • 11a · Other revenue: MISC INCOME

    total $212,931 · related or exempt $212,931

  • 11b · Other revenue: SCHOLARSHIP FUND

    total $103,250 · related or exempt $103,250

  • 11c · Other revenue: ENTRY FEES

    total $34,389 · related or exempt $34,389

  • 11d · All other revenue

    total $22,620 · related or exempt $22,620

  • 11e · Other revenue, total

    $373,190

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $98,750 · program services $98,750

  • 11c · Fees: accounting

    total $1,055 · program services $1,055

  • 13 · Office expenses

    total $1,909 · program services $1,909

  • 16 · Occupancy

    total $19,114 · management and general $19,114

  • 22 · Depreciation, depletion and amortization

    total $21,420 · program services $21,420

  • 23 · Insurance

    total $9,804 · program services $9,804

  • 24a · Other expenses: LIVESTOCK SALES

    total $1,028,470 · program services $1,028,470

  • 24b · Other expenses: CALF SCRAMBLE

    total $26,000 · program services $26,000

  • 24c · Other expenses: AWARDS AND PRIZES

    total $22,995 · program services $22,995

  • 24d · Other expenses: GROUNDS MAINTENANCE

    total $14,212 · program services $14,212

  • 24e · All other expenses

    total $48,124 · program services $48,124

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $165,994 · end of year $239,635

  • 4 · Accounts receivable

    beginning of year $29,075

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

    $862,130

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

    $183,519

  • 10c · Land, buildings and equipment, net

    beginning of year $681,931 · end of year $678,611

  • 15 · Other assets

    beginning of year $1,588 · end of year $41,003

  • 17 · Accounts payable and accrued expenses

    end of year $278

  • 27 · Net assets without donor restrictions

    beginning of year $878,588 · end of year $958,971

Mission and programs · 2023

Mission

FOSTERING THE BREEDING AND FEEDING OF BETTER LIVESTOCK THROUGH EDUCATIONAL EXHIBITS, MEETINGS, AND SHOWS TO BENEFIT THE YOUTH OF PARKER COUNTY, TEXAS.

  • FOSTERING THE BREEDING AND FEEDING OF BETTER LIVESTOCK THROUGH EDUCATIONAL AND RECREATIONAL EXHIBITS, MEETINGS, SHOWS, AND AUCTIONS PRESENTED TO BENEFIT AND ENCOURAGE THE YOUTH OF PARKER COUNTY, TEXAS.

    Expenses $1,272,739 · Grants $98,750 · Revenue $954,505

As filed on the 2023 return.

Listed in Part VII

  • Leonard Debusk

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Robert Ballard

    1ST VP

    Total calculated
    $0
    Hours/week
    1

  • Gabe Salmons

    2ND VP

    Total calculated
    $0
    Hours/week
    2

  • Annette Sledge

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Lynae Austin

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Clint Petzold

    GEN SUPER

    Total calculated
    $0
    Hours/week
    2

  • Ben Davis

    ASST GEN SUP

    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
2023
Filed
10 November 2024
IRS schema version
2023v5.0
Source object
202413139349302886

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