Liberty And Loyalty Foundation Inc
- Assets
- $28.7k
- Revenue
- $533.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Stephenville, TX
- Founding
- Data as of
- 12/2023
- EIN
- 87-1005966
Organization Overview
Liberty And Loyalty Foundation Inc is located in Stephenville, TX. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty And Loyalty Foundation 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, Liberty And Loyalty Foundation Inc generated $533.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $541.3k during the year ending 12/2023. While expenses have increased by 12.1% per year over the past 3 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
LIBERTY AND LOYALTY FOUNDATION IS A NON-PROFIT 501(C)(3) ORGANIZATION STARTED BY PROFESSIONAL TEAM ROPER CHARLY CRAWFORD. LLF PRODUCES WESTERN LIFESTYLE EVENTS FOR VETERANS, RETIRED AND ACTIVE SERVICE PERSONNEL, AND FIRST RESPONDERS. EVENTS PROMOTE LEADERSHIP AND TEAMWORK WHILE ENCOURAGING CAMARADERIE, FORMING SUPPORT SYSTEMS AND MAKING MEMORIES. THROUGH THESE EVENTS, OPPORTUNITIES FOR FUND RAISING ARE UTILIZED FOR CHARITIES THAT SUPPORT THE NEEDS OF OUR HEROES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBERTY AND LOYALTY FOUNDATION IS A TEAM ROPING SCHOOL AND EVENT DEDICATED TO THANKING OUR MILITARY VETERANS AND ACTIVE-DUTY SERVICE MEMBERS, FIRST RESPONDERS AND THEIR FAMILIES. THE WEEK-LONG ACTIVITIES AND EVENTS FOSTER CONNECTIONS WITHIN THE TEAM ROPING CLINIC THROUGH THE WEEK AND THEY ARE A BIG PART OF OUR CLOSING EVENT AND CELEBRATION, THE NFR SHOWDOWN. ONE WAY THAT WE GIVE BACK IS TO PROVIDE THE PARTICIPANTS WITH AN UNPARALLELED EXPERIENCE, ROPING WITH AND WATCHING THE TOP TEAM ROPERS IN THE WORLD COMPETE IN AN NFR SETTING THAT WE HAVE BROUGHT TO THE FORT WORTH, TEXAS AREA. THESE EVENTS CREATE A COMMUNITY THAT CONTINUES TO GROW EACH YEAR. WE WORK SIDE BY SIDE WITH PAST PARTICIPANTS AND THEIR FAMILIES TO PUT ON THESE EVENTS. WE HEAR COUNTLESS STORIES ABOUT HOW THEY SAVE UP FOR AND CLEAR SCHEDULES SO THAT THEY WILL NOT MISS IT YEAR AFTER YEAR. THIS WEEK LONG EVENT ALLOWS THEM TO DETACH FROM THEIR HIGHLY STRESSFUL, EXTRAORDINARILY DIFFICULT ENVIRONMENTS AND COME TOGETHER WITH OTHER PEOPLE THAT UNDERSTAND, ALONG WITH A ROPING COMMUNITY THAT LOVES AND SUPPORTS THEM. LIVES CHANGE IN THIS ONE WEEK EVERY YEAR AND IT REMINDS US OF OUR FREEDOMS. THESE EVENTS ARE SUPPORTED BY VARIOUS COMPANIES AND IT IS THE MAIN FUND RAISING OPPORTUNITY OF OUR ORGANIZATION. THE 501(C)(3) ORGANIZATION BUILDING HOMES FOR HEROES THAT PROVIDE MORTGAGE FREE HOMES FOR OUR VETERANS WAS THE RECENT FRUIT OF OUR EFFORTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charly Crawford President & CEO | OfficerTrustee | 15 | $0 |
Troy Applegate Treasurer | OfficerTrustee | 3 | $0 |
Keith Mundee Director | Trustee | 3 | $0 |
Ken Bray Director | Trustee | 3 | $0 |
Bill Force Director | Trustee | 10 | $0 |
General T Michael Moseley Director | Trustee | 1 | $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 | $355,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $355,100 |
| Total Program Service Revenue | $143,400 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,379 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $533,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $396,262 |
| 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 | $1,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,569 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,394 |
| Travel | $1,683 |
| 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 | $2,800 |
| All other expenses | $9,479 |
| Total functional expenses | $541,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,667 |
| Savings and temporary cash investments | $0 |
| 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 | $28,667 |
| 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 | $28,667 |
| 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 | $28,667 |