San Antonio Livestock Exposition Educational Fund INC EIN 45-4533237

San Antonio Livestock Exposition Educational Fund INC

EIN  45-4533237 Supporting organization San Antonio, TX
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/25/26 · see original filing: IRS
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Size
$1–10M
What they do
Administers and awards scholarships and educational grants to support students and programs associated with the San Antonio Livestock Exposition.
Leadership
Cody Davenport · Executive Director/CEO
Money in and out
$4.5M revenue, $3.9M expenses
Bottom line
+14% net inflow

Administers and awards scholarships and educational grants to support students and programs associated with the San Antonio Livestock Exposition. For fiscal year 2025 it reported $4.5M in revenue, $3.9M in expenses, and $17.0M in net assets.Pt I

Money in and out · FY2025
Total revenue
$4.5M
Pt VIII · Ln 12
Total expenses
$3.9M
Pt IX · Ln 25
Net assets
$17.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $608K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Net inflow
+14%
revenue over expenses, this year▼ -70% vs prior filing year
Pass-through gifts
85%
of revenue from contributions▼ -11% vs prior filing year
Program spending
100%
of expenses reach stated programs0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$4.5M
FY2025▼ -11%
Expenses
$3.9M
FY2025▲ +43%
Total assets
$28.9M
FY2025▲ +4%
Total liabilities
$11.9M
FY20250%
Total revenue
$4.5M
Pt VIII · Ln 12
Total expenses
$3.9M
Pt IX · Ln 25
Net assets
$17.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$608K
Total assetsPt X · Ln 16$28.9M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $3.8M of program spending, described in the organization's own filed words · FY2024.
01

During the fiscal_year ended march 31, 2015 S.A.L.E. (san antonio livestock exposition, inc.) transferred cash, investments and the corresponding scholarship and grant liability to the education fund (san antonio livestock exposition educational fund, inc.) such that it could administer and pay the scholarships and grants. S.A.L.E.

$3.8Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSan Antonio Livestock Exposition Educational Fund INC
EINHdr · item D45-4533237
Principal addressHdr · item CSan Antonio, TX
WebsiteHdr · item Jwww.sarodeo.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFFeb 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director/CEO
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$3.8M · 85%
Investment income$664K · 15%
Contributions & grants85%$3.8M
Investment income15%$664K
Total revenueLn 12$4.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$3.8M
Management & general$15K
Total functional expensesLn 25$3.9M

Balance Sheet

Part X · end of year
CashLn 1$1.5M
Total assetsLn 16$28.9M
Total liabilitiesLn 26$11.9M
Total net assetsLn 32$17.0M
Months of cash on handcomputed4.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $28.8M · Operating expenses/yr $3.9M
89.7 months
Where the money goes
Program services
Program services $3.8M · Total expenses $3.9M
100%
Management & General
Management & general $15K · Total expenses $3.9M
0%
Fundraising
Fundraising $0 · Total expenses $3.9M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $4.1M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $3.8M · Total revenue $4.5M
85%
Government reliance
Government grants — · Total revenue $4.5M
Earned-income share
Program service revenue $0 · Total revenue $4.5M
0%
Investment reliance
Investment income $664K · Total revenue $4.5M
+15%
Program self-sufficiency
Program service revenue $0 · Total expenses $3.9M
0%
Growth & trend
Revenue growth (YoY)
This year $4.5M · Prior year $5.0M
-11%
Revenue CAGR
FY2019 $6.0M · FY2024 $4.5M
-6%
Net-asset trend (YoY)
End of year $17.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.5M · Expenses $3.9M
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $28.9M
Net-asset ratio
Net assets $17.0M · Total assets $28.9M
59%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $20.6M · Other securities (Pt X, ln 12) $6.7M · Total assets (Pt X, ln 16) $28.9M
95%
People & payroll
Highest Reported Total Compensation
Individual Cody Davenport · Reported title EXECUTIVE DIRECTOR/CEO · Highest reported compensation $0 · Total expenses $3.9M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $3.9M
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -11%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · FY2024
Total grants receivedfrom 2 funders$3.8M
Grants paid · 248 grants · $18.8M · 2019–2024
Texas a & M UniversityFY2024$1,005,549
Texas Tech University SystemFY2024$362,484
Texas Tech Foundation INCTX · FY2024$323,219
Texas A&m FoundationTX · FY2024$300,000
West Texas a & M UniversityFY2024$194,413
Tarleton State UniversityFY2024$173,424
Angelo State UniversityFY2024$138,041
Sam Houston State UniversityFY2024$129,700
Texas State UniversityFY2024$114,042
Texas a & M University KingsvilleFY2024$84,425
Sul Ross State UniversityFY2024$64,500
Prairie View a & M UniversityFY2024$63,187
Texas Agrilife Extension ServiceFY2024$61,300
Blinn CollegeFY2024$49,334
University of Texas at AustinFY2024$49,000
Stephen F Austin State UniversityFY2024$48,560
Baylor UniversityTX · FY2024$48,500
University of Texas at San AntonioFY2024$34,250
See all 248 grants →

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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)$4.5M revenue · viewing · ⤓ 990 PDF
FY2024$5.0M revenue · ⤓ 990 PDF
FY2023$3.7M revenue · ⤓ 990 PDF
FY2022not on file
FY2021$4.9M revenue · ⤓ 990 PDF
FY2020$6.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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