Walter Gerlach Livestock Show & Sale Inc
- Assets
- $1.4m
- Revenue
- $437.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Helotes, TX
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 46-4476523
Organization Overview
Walter Gerlach Livestock Show & Sale Inc is located in Helotes, TX. The organization was established in 2015. 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. Walter Gerlach Livestock Show & Sale Inc 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 12/2023, Walter Gerlach Livestock Show & Sale Inc generated $437.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $353.8k during the year ending 12/2023. While expenses have increased by 6.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RUN THE WALTER GERLACH LIVESTOCK SHOW & AUCTION WHICH PROVIDES A PLACE FOR STUDENTS TO RAISE FARM ANIMALS, SHOW THOSE ANIMALS AND AUCTION THEM, AS WELL AS RECEIVE SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WALTER GERLACH LIVESTOCK SHOW & AUCTION PROVIDES AN OPPORTUNITY FOR FFA AND 4-H STUDENTS OF THE THE NORTHSIDE INDEPENDENT SCHOOL DISTRICT TO LEARN ABOUT PRODUCTION AGRICULTURE. THE STUDENTS IN THESE PROGRAMS RAISE AND CARE FOR THEIR ANIMALS FOR 4 TO 9 MONTHS THROUGHOUT THE YEAR. BOTH OF THESE PROGRAMS TEACH STUDENTS LIFE SKILLS, SUCH AS PERSONAL RESPONSIBILITY, MONEY MANAGEMENT, AND A STRONG WORK ETHIC. OVER 90% OF THESE STUDENTS ATTEND COLLEGE AFTER HIGH SCHOOL GRADUATION. THE AUCTION PROVIDES MONEY FOR EDUCATIONAL SCHOLARSHIPS FOR ELIGIBLE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Stricklin President | Trustee | 5 | $0 |
Willie Frantzen 1st Vice President | Trustee | 5 | $0 |
David Kilgore 2nd Vice President | Trustee | 5 | $0 |
Michael Brown Treasurer | Trustee | 5 | $0 |
Judy Flores Recording Secretary | Trustee | 5 | $0 |
Nathan Lutz Corresponding Secretary | Trustee | 5 | $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 | $160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160 |
| Total Program Service Revenue | $405,258 |
| Investment income | $3,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,156 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $437,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,875 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $114 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,500 |
| Advertising and promotion | $0 |
| Office expenses | $3,387 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,077 |
| 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 | $7,642 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $353,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,573 |
| Savings and temporary cash investments | $344,523 |
| 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 | $716,329 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,363,425 |
| 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 | $1,363,425 |
| Total liabilities and net assets/fund balances | $1,363,425 |