Form 990 for tax year 2024
Filed by PALO PINTO COUNTY LIVESTOCK ASSOCIATION.
Totals
- Total revenue
- $314,294
- Total expenses
- $327,561
- Contributions and grants received
- $371,085
- Grants paid
- $4,000
- Program service revenue
- $14,890
- Investment income
- $0
- Other revenue
- -$71,681
- Total assets, end of year
- $211,344
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $211,344
- Program services expenses (Part IX)
- $325,211
- Management and general expenses
- $2,350
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $325,211
Program services were 99.3% 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.
-
1b · Membership dues
$325
-
1c · Fundraising events
$116,615
-
1f · All other contributions, gifts and grants
$254,145
-
2a · Program service revenue: YOUTH LIVESTOCK SHOW
total $14,890 · related or exempt $14,890
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $17,165
-
6c · Rental income or loss
real property $17,165
-
6d · Net rental income or loss
total $17,165 · excluded $17,165
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$43,504
-
8a · Fundraising events: contributions included on line 1c
$116,615
-
8b · Fundraising events: direct expenses
$132,867
-
8c · Net income from fundraising events
total -$89,363
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISC
total $517 · related or exempt $517
-
11e · Other revenue, total
$517
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $4,000 · program services $4,000
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $2,350 · management and general $2,350
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $509 · program services $509
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $49,717 · program services $49,717
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $15,363 · program services $15,363
-
23 · Insurance
total $0
-
24a · Other expenses: YOUTH LIVESTOCK PMTS
total $239,650 · program services $239,650
-
24b · Other expenses: STOCK SHOW BANNERS-DONORS
total $4,309 · program services $4,309
-
24c · Other expenses: STOCK SHOW BUCKLES/PRIZES
total $3,944 · program services $3,944
-
24d · Other expenses: STOCK SHOW JUDGES & AUCTIONEER
total $2,600 · program services $2,600
-
24e · All other expenses
total $5,119 · program services $5,119
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $137,937 · end of year $119,934
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$368,731
-
10b · Land, buildings and equipment: accumulated depreciation
$277,321
-
10c · Land, buildings and equipment, net
beginning of year $86,673 · end of year $91,410
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $224,610 · end of year $211,344
Mission and programs · 2024
Mission
YOUTH EDUCATION. PROVIDE A FACILITY FOR MEMBERS OF FFA, 4-H, AND OTHER YOUTH CLUBS OF PALO PINTO COUNTY, TX. HOST EVENTS TO EDUCATE YOUTH IN CHARACTER DEVELOPMENT, AND FARMING & RANCHING, INCLUDING THE ANNUAL COUNTY LIVESTOCK SHOW. AWARD COLLEGE SCHOLARSHIPS TO LOCAL YOUTH.
-
PROVIDE A FURNISHED FACILITY FOR MEMBERS OF FFA, 4-H, AND OTHER YOUTH CLUBS OF PALO PINTO COUNTY, TX. HOST EVENTS TO EDUCATE YOUTH IN CHARACTER DEVELOPMENT, FARMING AND RANCHING, INCLUDING THE ANNUAL COUNTY LIVESTOCK SHOW. AWARD COLLEGE SCHOLARSHIPS TO LOCAL YOUTH.
Expenses $325,211 · Grants $4,000
As filed on the 2024 return.
Listed in Part VII
-
Ethan AbneyETHAN ABNEY
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Carmen BabersCARMEN BABERS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jesse WestJESSE WEST
President
- Total calculated
- $0
- Hours/week
- 2
-
Nick HarrisonNICK HARRISON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Monica BarrickMONICA BARRICK
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Ismael ValleyISMAEL VALLEY
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Kari EdgeKARI EDGE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tim HamptonTIM HAMPTON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kaylynn WestKAYLYNN WEST
Treasurer
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202501979349301570
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