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Nonprofiteer
← PALO PINTO COUNTY LIVESTOCK ASSOCIATION

Form 990 for tax year 2023

Filed by PALO PINTO COUNTY LIVESTOCK ASSOCIATION.

Totals

Total revenue
$344,805
Total expenses
$311,856
Contributions and grants received
$342,308
Grants paid
$5,250
Program service revenue
$33,476
Investment income
$0
Other revenue
-$30,979
Total assets, end of year
$224,610
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$224,610
Program services expenses (Part IX)
$307,968
Management and general expenses
$2,160
Fundraising expenses
$1,728
Program service expenses (Part III)
$307,968

Program services were 98.8% 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

    $280

  • 1c · Fundraising events

    $70,168

  • 1f · All other contributions, gifts and grants

    $271,860

  • 2a · Program service revenue: YOUTH LIVESTOCK SHOW

    total $33,476 · related or exempt $33,476

  • 6a · Gross rents

    real property $12,850

  • 6c · Rental income or loss

    real property $12,850

  • 6d · Net rental income or loss

    total $12,850 · excluded $12,850

  • 8a · Fundraising events: gross income

    $86,231

  • 8a · Fundraising events: contributions included on line 1c

    $70,168

  • 8b · Fundraising events: direct expenses

    $130,060

  • 8c · Net income from fundraising events

    total -$43,829

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,250 · program services $5,250

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 11g · Fees: other

    total $5,000 · program services $5,000

  • 13 · Office expenses

    total $2,697 · program services $969 · fundraising $1,728

  • 16 · Occupancy

    total $22,306 · program services $22,306

  • 22 · Depreciation, depletion and amortization

    total $15,793 · program services $15,793

  • 24a · Other expenses: YOUTH STOCK PMTS/AWARDS

    total $250,125 · program services $250,125

  • 24b · Other expenses: STOCK SHOW MISC SUPPLIES

    total $4,372 · program services $4,372

  • 24c · Other expenses: STOCK SHOW BUCKLES/PRIZES

    total $3,182 · program services $3,182

  • 24d · Other expenses: EQUIP REPAIR/MAINT

    total $971 · program services $971

  • 24e · All other expenses

    total $660 · management and general $660

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $124,425 · end of year $137,937

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

    $348,631

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

    $261,958

  • 10c · Land, buildings and equipment, net

    beginning of year $67,236 · end of year $86,673

  • 31 · Retained earnings, endowment or other funds

    beginning of year $191,661 · end of year $224,610

Mission and programs · 2023

Mission

PROVIDES A FURNISHED FACILITY FOR MEMBERS OF FFA, 4-H, AND OTHER YOUTH CLUBS OF PALO PINTO COUNTY, TX. HOSTS EVENTS TO EDUCATE YOUTH IN CHARACTER DEVELOPMENT, FARMING AND RANCHING, INCLUDING THE ANNUAL COUNTY LIVESTOCK SHOW. AWARDS COLLEGE SCHOLARSHIPS TO LOCAL YOUTH.

  • PROVIDES A FURNISHED FACILITY FOR MEMBERS OF FFA, 4-H, AND OTHER YOUTH CLUBS OF PALO PINTO COUNTY, TX. HOSTS EVENTS TO EDUCATE YOUTH IN CHARACTER DEVELOPMENT, FARMING AND RANCHING, INCLUDING THE ANNUAL COUNTY LIVESTOCK SHOW. AWARDS COLLEGE SCHOLARSHIPS TO LOCAL YOUTH.

    Expenses $307,968 · Grants $5,250 · Revenue $33,476

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ethan Abney

    2ND VICE PRE

    Total calculated
    $0
    Hours/week
    2

  • Carmen Babers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bret Barrick

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Cody Barrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nick Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dacey Malone

    TREASURER 1/

    Total calculated
    $0
    Hours/week
    2

  • Greg Malone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Autumn Valley

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ismael Valley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cole Vaughan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jesse West

    FIRST VICE P

    Total calculated
    $0
    Hours/week
    2

  • Kaylynn West

    TREASURER 10

    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
2023
Filed
5 May 2024
IRS schema version
2023v5.0
Source object
202401319349304710

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