Wade Busby Memorial
- Assets
- $309.8k
- Revenue
- $206.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Marion, TX
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 20-8716151
Organization Overview
Wade Busby Memorial is located in Marion, TX. The organization was established in 2007. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wade Busby Memorial is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Wade Busby Memorial generated $206.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $195.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE INTEREST AND SUPPORT FOR YOUTH AGRICULTURAL ACTIVITIES THROUGH THEIR PARTICIPATION IN FFA AND 4-H ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROCEEDS FROM THE 2020 FUNDRAISING EFFORTS WERE USED IN 2021 TO PROVIDE FINANCIAL SUPPORT TO APPROXIMATELY 714 FFA AND 4-H MEMBERS EXHIBITING PROJECTS THROUGH THEIR RESPECTIVE CLUBS IN TEXAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Bielke Vice President | OfficerTrustee | 3 | $0 |
Mark Cerda President | OfficerTrustee | 20 | $0 |
Laurie Leach Secretary | OfficerTrustee | 12 | $0 |
Darlene Busby Treasurer | OfficerTrustee | 5 | $0 |
Jonathan Bowman Director | Trustee | 1 | $0 |
Robyn Busby Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $106,878 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,884 |
| Noncash contributions included in lines 1a–1f | $12,931 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,762 |
| Total Program Service Revenue | $0 |
| Investment income | $645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$68,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $195,277 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $195,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,302 |
| Savings and temporary cash investments | $301,527 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $309,829 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $309,829 |
| Total liabilities and net assets/fund balances | $309,829 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wade Busby Memorial has recieved totaling $122.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $122 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Worth Stockshow Syndicate Fort Worth, TX | $3,490,318 | $6,046,613 |
Event Facilities Fort Worth Inc Fort Worth, TX | $56,896,303 | $667,519 |
Oklahoma Youth Exposition Inc Oklahoma City, OK | $6,978,217 | $5,243,188 |
Nueces County Junior Livestock Association Robstown, TX | $379,208 | $2,671,206 |
Future Farmers Of America State Associations & Local Chapter Austin, TX | $2,278,284 | $2,619,828 |
Texas 4-H Boerne, TX | $23,369 | $0 |
Texas 4 H Youth Development Foundation College Station, TX | $9,527,657 | $3,383,549 |
Ellis County Youth Expo Waxahachie, TX | $936,551 | $1,557,361 |
Hill Country District Juniorlivestock Show Association Kerrville, TX | $1,755,004 | $1,336,079 |
Arkansas 4-H Foundation Inc Little Rock, AR | $9,320,360 | $1,535,415 |
Leon County Youth Livestock Show Association Inc Centerville, TX | $297,088 | $1,323,866 |
Austin Youth & Community Farm Inc Austin, TX | $1,888,286 | $1,183,834 |