Beefmaster Educational Endowment Foundation FY2020 filing

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EIN 27-0527219 Public charity (501(c)(3)) Bryan, TX NTEE B82
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$285K
FY2020
Expenses
$136K
FY2020

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Funds scholarships and educates the public about Beefmaster cattle. For fiscal year 2020 it reported $285K in revenue, $136K in expenses, and $849K in net assets.Pt I

Founded
2009
Type
Public charity (501(c)(3)) · Education
Location
Bryan, TX
Filings
6 on file (2020–2020)
Revenue
$285KFY2020
Expenses
$136K
Net assets
$849K
People
12
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Size
$100K–1M
What they do
Funds scholarships and educates the public about Beefmaster cattle.
Leadership
Laurence M Lasater JR · President
Money in and out
$285K revenue, $136K expenses
Bottom line
97% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — East Texas Communties Foundation INC

1 distinct foundation funder(s) on file, $38K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

97% to programs

97% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M

Revenue band $100K–1M. Not enough years on file for a trend. See detail →

Where the money goes · FY2020
Total revenue
$285K
Pt VIII · Ln 12
Total expenses
$136K
Pt IX · Ln 25
Net assets
$849K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $149K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs
Operating runway
186.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+52%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$972K
FY2020
Total liabilities
$123K
FY2020
Revenue less expensesPt I · Ln 19$149K
Total assetsPt X · Ln 16$972K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CBeefmaster Educational Endowment Foundation
EINHdr · item D27-0527219
Principal addressHdr · item CBryan, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2009
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFAug 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Beefmaster Educational Endowment Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $132K of program spending, described in the organization's own filed words · FY2020.
01

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.

$132Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$212K · 74%
Other revenue$73K · 26%
Contributions & grants74%$212K
Other revenue26%$73K
Investment income$374
Total revenueLn 12$285K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$132K
Management & general3%$4K
Total functional expensesLn 25$136K

Balance Sheet

Part X · end of year
CashLn 1$972K
Total assetsLn 16$972K
Total liabilitiesLn 26$123K
Total net assetsLn 32$849K
Months of cash on handcomputed85.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $972K · Operating expenses (Pt IX) $136K · Less non-cash grants $73K · Cash operating expenses/yr $63K
186.0 months
Where the money goes
Program services
Program services $132K · Total expenses $136K
97%
Management & General
Management & general $4K · Total expenses $136K
3%
Fundraising
Fundraising $0 · Total expenses $136K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $212K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $212K · Total revenue $285K
74%
Government reliance
Government grants — · Total revenue $285K
—
Earned-income share
Program service revenue $0 · Total revenue $285K
0%
Investment reliance
Investment income $374 · Total revenue $285K
+0.1%
Program self-sufficiency
Program service revenue $0 · Total expenses $136K
0%
Growth & trend
Revenue growth (YoY)
This year $285K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $849K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $285K · Expenses $136K
+52%
Liabilities-to-Assets
Total liabilities — · Total assets $972K
—
Net-asset ratio
Net assets $849K · Total assets $972K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $972K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Laurence M Lasater JR · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $136K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $136K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$38K
Grants paid · 11 grants · $188K · 2020–2025
University of TennesseeFY2025$25,000
Unitemized GrantFY2025$11,500
Junior Beefmaster Breeders AssnFY2025$10,000
Unitemized GrantFY2024$21,800
Junior Beefmaster Breeders AssnFY2024$6,000
Unitemized GrantFY2023$13,675
Unitemized GrantFY2022$6,000
Beefmaster Breeders UnitedFY2021$34,972
Unitemized GrantFY2021$12,500
Beefmaster Breeders UnitedFY2020$39,612
Unitemized GrantFY2020$7,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$168K revenue · ⤓ 990 PDF
FY2024$227K revenue · ⤓ 990 PDF
FY2023$102K revenue · ⤓ 990 PDF
FY2022$225K revenue · ⤓ 990 PDF
FY2021$400K revenue · ⤓ 990 PDF
FY2020$285K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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