Beefmaster Educational Endowment Foundation EIN 27-0527219 Form 990 (PDF) Claim this org

Beefmaster Educational Endowment Foundation FY2024 filing

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Funds scholarships and educates the public about Beefmaster cattle. For fiscal year 2024 it reported $227K in revenue, $67K in expenses, and $1.7M in net assets.Pt I

Founded
2009
Type
Public charity (501(c)(3)) · Education
Location
Bryan, TX
Filings
6 on file (2020–2024)
Revenue
$227KFY2024
Expenses
$67K
Net assets
$1.7M
People
14
Filings
6
Updates
0
More identity details & actions ⌄
EIN  27-0527219 Public charity (501(c)(3)) Bryan, TX Founded 2009
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Funds scholarships and educates the public about Beefmaster cattle.
Leadership
Mackie Bounds · President
Money in and out
$227K revenue, $67K expenses
Bottom line
95% program efficiency
Where the money goes · FY2024
Total revenue
$227K
Pt VIII · Ln 12
Total expenses
$67K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $160K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs
Operating runway
312.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+70%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$227K
FY2024▲ +123%
Expenses
$67K
FY2024▼ -32%
Total assets
$1.8M
FY2024▲ +19%
Total liabilities
$14K
FY2024▲ +133%
Total revenue
$227K
Pt VIII · Ln 12
Total expenses
$67K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$160K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · 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 1a14
Independent voting membersPt VI · Ln 1b14
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
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $64K of program spending, described in the organization's own filed words · FY2024.
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.

$64Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$205K · 90%
Other revenue$22K · 10%
Contributions & grants90%$205K
Other revenue10%$22K
Investment income$1
Total revenueLn 12$227K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$64K
Management & general5%$3K
Total functional expensesLn 25$67K

Balance Sheet

Part X · end of year
CashLn 1$1.8M
Total assetsLn 16$1.8M
Total liabilitiesLn 26$14K
Total net assetsLn 32$1.7M
Months of cash on handcomputed312.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.8M · Operating expenses/yr $67K
312.9 months
Where the money goes
Program services
Program services $64K · Total expenses $67K
95%
Management & General
Management & general $3K · Total expenses $67K
5%
Fundraising
Fundraising $0 · Total expenses $67K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $158K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $205K · Total revenue $227K
90%
Government reliance
Government grants — · Total revenue $227K
Earned-income share
Program service revenue $0 · Total revenue $227K
0%
Investment reliance
Investment income $1 · Total revenue $227K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $67K
0%
Growth & trend
Revenue growth (YoY)
This year $227K · Prior year $102K
+123%
Revenue CAGR
FY2020 $285K · FY2024 $227K
-6%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $227K · Expenses $67K
+70%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.7M · Total assets $1.8M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mackie Bounds · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $67K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $67K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth 123%
Investment management fee ratio 0.8%
Accounting fee ratio 1%

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 · viewing · ⤓ 990 PDF
FY2023$102K revenue · ⤓ 990 PDF
FY2022$225K revenue · ⤓ 990 PDF
FY2021$400K revenue · ⤓ 990 PDF
FY2020$285K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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