Beefmaster Educational Endowment Foundation
- Assets
- $1.3m
- Revenue
- $400.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Paige, TX
- Founding
- 08/2009
- Data as of
- 12/2021
- EIN
- 27-0527219
Organization Overview
Beefmaster Educational Endowment Foundation is located in Paige, TX. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beefmaster Educational Endowment Foundation 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, Beefmaster Educational Endowment Foundation generated $400.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $108.6k during the year ending 12/2021. While expenses have increased by 17.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE OBJECTIVES AND PURPOSES OF THE ORGANIZATIONS ARE AS FOLLOWS: 1. TO SUPPORT THE EDUCATIONAL GOALS OF MEMBERS OF THE JUNIOR BEEFMASTERS BREEDERS ASSOCIATION (JBBA) BY ESTABLISHING A PERMANENT SCHOLARSHIP FUND COMPETITIVELY AVAILABLE TO ALL ACADEMICALLY QUALIFIED CANDIDATES WITHOUT REGARD TO RACE, RELIGION, GENDER OR NATIONAL ORIGIN. 2. TO ASSIST IN THE DEVELOPMENT, PUBLICATION AND DISSEMINATION OF EDUCATIONAL MATERIALS TO THE GENERAL PUBLIC AND BEEF BREEDERS REGARDING THE CHARACTERISTICS OF THE BEEFMASTER BREED. 3. TO FURTHER UNDERSTANDING OF THE DISEASES AND OTHER AILMENTS THAT AFFLICTS CATTLE IN GENERAL AND BEEFMASTERS IN PARTICULAR WITH THE GOALS OF BREED IMPROVEMENT AND ASSURING PUBLIC FOOD SAFETY. 4. TO FUND RESEARCH INTO BEEFMASTER GENETICS AND CATTLE GENETICS IN GENERAL IN SUCH AREAS SUCH AS FEED EFFICIENCY, TENDERNESS, LONGEVITY AND OTHER HERITABLE TRAITS IN ORDER TO BETTER SERVE THE CATTLE INDUSTRY AND THE GENERAL PUBLIC WITH BETTER PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION AWARDS COLLEGE SCHOLARSHIP FUNDS TO YOUNG BEEFMASTERS HANDLERS DURING THE ANNUAL JUNIOR BEEFMASTER BREEDERS OF AMERICA (JBBA) CONVENTION. GRANTS ARE ALSO ISSUED TO JBBA FOR USE IN A PUBLIC EDUCATION SEGMENT OF THEIR ANNUAL NATIONAL CONVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorenzo Lasater President | Officer | 2 | $0 |
Debbie Cheatham Secretary/tr | Officer | 2 | $0 |
Clark Jones Vice Preside | Officer | 2 | $0 |
Ty Agee Director | Trustee | 2 | $0 |
Kendall Mckenzie Director | Trustee | 2 | $0 |
John Long Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $259,887 |
| Noncash contributions included in lines 1a–1f | $44,051 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,887 |
| Total Program Service Revenue | $0 |
| Investment income | $370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,800 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $400,057 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,023 |
| Grants and other assistance to domestic individuals. | $12,500 |
| 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 | $1,950 |
| 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 | $1,897 |
| 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 | $108,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,485 |
| Savings and temporary cash investments | $1,253,376 |
| 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 | $1,265,861 |
| Accounts payable and accrued expenses | $6,002 |
| 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 | $6,002 |
| Net assets without donor restrictions | $1,259,859 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,265,861 |
Grants Awarded
Over the last fiscal year, Beefmaster Educational Endowment Foundation has awarded $79,023 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OKLAHOMA STATE UNIVERSITY | | | $44,051 |
BEEFMASTER BREEDERS UNITED | | | $34,972 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beefmaster Educational Endowment Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |