2024-02-15T17:10:33-06:00 2023-03-31 BDO USA 9901 IH-10 Suite 500 San Antonio TX 78230 990 2022-04-01 454533237 SAN ANTONIO LIVESTOCK EXPOSITION EDUCATIONAL FUND INC % JAMIE BROWN SANA 2102255851 PO BOX 200230 SAN ANTONIO TX 782200230 CODY DAVENPORT EXEC DIR/CEO 2102255851 2024-02-15 true CODY DAVENPORT 999009999 Ann M Pena P00671430 2103428000 2 2022 2023-04-26 12:10:37Z CODY DAVENPORT PO BOX 200230 SAN ANTONIO TX 782200230 10726752 false X www.sarodeo.com X 2011 TX SEE SCHEDULE O 10 10 0 0 0 0 3433280 3650701 0 0 676498 73661 0 0 4109778 3724362 1882751 3462714 0 0 0 0 0 0 0 284452 244821 2167203 3707535 1942575 16827 23503475 22697233 12517934 12737136 10985541 9960097 X See Schedule O. false false 3695520 3462714 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. AND THE EDUCATION FUND HAD AN AUDIT PERFORMED OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THEIR FISCAL YEAR ENDED MARCH 31, 2023. IN THE FISCAL YEAR ENDED MARCH 31, 2023 SCHOLARSHIPS AND GRANTS OF $3,462,714 (434 Recipients) WERE AWARDED. 3695520 true false false false false false false false false true false true false false false false false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false true 1 0 true 0 false false false false false false false false false false false false X 10 10 true false false false false true false true true false false true true true true false true false false false X JAMIE BROWN 2102255851 723 FROST BANK CENTER DRIVE SAN ANTONIO TX 78219 X Cody Davenport EXECUTIVE DIRECTOR/CEO 30.0 50.0 X X 0 513487 44819 Joe Soules Director 2.0 0.0 X 0 0 0 Joe Hutchison Secretary 2.0 0.0 X X 0 0 0 Mark Colaw Director 2.0 0.0 X 0 0 0 John Henderson Director 2.0 0.0 X 0 0 0 BJ Hendler Director 2.0 0.0 X 0 0 0 Dick Evans Vice President 2.0 0.0 X X 0 0 0 Bert Pfiester President 2.0 0.0 X X 0 0 0 Rusty Collier Director 2.0 0.0 X 0 0 0 Amy Wise Director 2.0 0.0 X 0 0 0 0 513487 44819 0 false true false 0 3650701 3650701 0 512487 512487 0 0 0 0 0 6563564 7002390 -438826 -438826 -438826 0 0 0 0 0 0 0 0 0 0 3724362 0 73661 3462714 3462714 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MANAGEMENT FEE 125000 125000 INVESTMENT FEES & CHARGES 107806 107806 INSURANCE 12015 12015 3707535 3695520 12015 0 2680320 2887550 0 0 0 0 0 0 0 0 0 0 12779 28069 0 0 6008 6008 0 0 15264773 14473907 5539595 5301699 0 0 0 0 0 0 23503475 22697233 0 0 12517934 12737136 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12517934 12737136 X 10660027 9648884 325514 311213 10985541 9960097 23503475 22697233 16827 -1042271 X false true X true false X X X 1 SAN ANTONIO LIVESTOCK EXPOSITION 741075466 10 false 0 0 1 0 0 true false false false false false false false false false false false false false false true false 3099818 325514 -14301 3411031 2774304 329042 -3528 3099818 2563203 63900 147201 2774304 2452889 74856 35458 2563203 2241635 191886 61368 42000 2452889 false false FROST TOTAL RETURN BOND FUND 6490783 F 6490783 51985785 -1042271 49303694 48261423 3724362 3724362 46548299 42840764 42840764 3707535 3707535 PART V, LINE 4 - INTENDED USES OF ENDOWMENT FUND THE INITIAL PRINCIPAL CONTRIBUTION IS PERMANENTLY RESTRICTED AND THE EARNINGS FROM THIS IS TO BE USED TO FUND SCHOLARSHIPS. THE INITIAL CONTRIBUTIONS WERE FOR $229,936. THE BOARD TRANSFERRED THESE FUNDS AND AN ADDITIONAL $1,836,152 DURING THE FISCAL YEAR ENDED 3/31/17 AND CREATED THE KEITH MARTIN ENDOWMENT FUND. THE BALANCE IN THE KEITH MARTIN ENDOWMENT FUND WAS $3,411,031 AS OF MARCH 31, 2023. ALTHOUGH NOT FORMALIZED, THE AGREEMENTS WOULD LIMIT THE EARNINGS FROM THESE ENDOWMENTS TO BE USED TO FUND SCHOLARSHIPS FOR THE POOR AND NEEDY. FORM 990, SCHEDULE D, PART XI, LINE 2D CONSOLIDATED COMPANY-S.A.L.E. $ 49,303,694 FORM 990, SCHEDULE D, PART XII, LINE 2D CONSOLIDATED COMPANY-S.A.L.E. $ 42,840,764 true Alamo Community College District 811 W Houston St Suite 204 San Antonio TX 78204 746002173 27500 SCHOLARSHIPS FOR STUDENTS Angelo State University PO Box 11015 San Angelo TX 76909 756002403 119084 SCHOLARSHIPS FOR STUDENTS Blinn College 902 College Ave Brenham TX 77833 746000400 47250 SCHOLARSHIPS FOR STUDENTS McMurry University Box 308 McMurry Station Abilene TX 79697 750855633 7500 SCHOLARSHIPS FOR STUDENTS Prairie View A & M University PO Box 1005 Prairie View TX 77446 746001078 50750 SCHOLARSHIPS FOR STUDENTS Sam Houston State University PO Box 2537 Huntsville TX 77341 746001430 184333 SCHOLARSHIPS FOR STUDENTS South Plains College 1401 S College Ave Levelland TX 79336 756004667 11750 SCHOLARSHIPS FOR STUDENTS Southwestern University 1001 E University Ave Georgetown TX 78626 741233796 6250 SCHOLARSHIPS FOR STUDENTS Stephen F Austin State University 1936 North St Nacogdoches TX 75962 756002514 33125 SCHOLARSHIPS FOR STUDENTS Sul Ross State University PO Box C-144 Alpine TX 79832 746000027 23750 SCHOLARSHIPS FOR STUDENTS SW Texas Junior College 2401 Garner Field Rd Uvalde TX 78801 746002420 5750 SCHOLARSHIPS FOR STUDENTS Tarleton State University 1333 W Washington Stephenville TX 76402 756001870 192825 SCHOLARSHIPS FOR STUDENTS Texas A & M University 401 George Bush Dr College Station TX 77840 746000531 910210 SCHOLARSHIPS FOR STUDENTS Texas A & M University at San Antonio 1450 Gillette Blvd San Antonio TX 78224 264168896 7250 SCHOLARSHIPS FOR STUDENTS Texas A & M University Commerce PO Box 3011 Commerce TX 75429 756001353 39750 SCHOLARSHIPS FOR STUDENTS Texas A & M University Corpus Christi 6300 Ocean Dr Corpus Christi TX 78412 741760663 5500 SCHOLARSHIPS FOR STUDENTS Texas A & M University Kingsville 700 University Blvd Kingsville TX 78363 746001530 37900 SCHOLARSHIPS FOR STUDENTS Texas Agrilife Extension Service 2147 TAMU College Station TX 77843 746000531 60600 General support Texas State University 601 University Dr San Marcos TX 78666 746002248 109926 SCHOLARSHIPS FOR STUDENTS Texas Tech University System Box 41091 Lubbock TX 79409 756002622 575482 SCHOLARSHIPS FOR STUDENTS University of Dallas 1845 E Northgate Dr Irving TX 75062 750926755 10000 SCHOLARSHIPS FOR STUDENTS University of Houston System 5000 Gulf Fwy Bldg Rm 109 Houston TX 772040907 746001399 17000 SCHOLARSHIPS FOR STUDENTS University of North Texas PO Box 311370 Denton TX 76203 756002149 19000 SCHOLARSHIPS FOR STUDENTS University of Texas at Austin 110 Inner Campus Drive Stop K5300 Austin TX 78712 746000203 33125 SCHOLARSHIPS FOR STUDENTS University of Texas at Dallas 800 W Campbell Rd Ticharson TX 75080 751305566 8026 SCHOLARSHIPS FOR STUDENTS University of Texas at San Antonio 6900 N Loop 1604 San Antonio TX 78249 741717115 39769 SCHOLARSHIPS FOR STUDENTS University of Texas at Tyler 3900 University Dr Tyler TX 75799 751396988 11875 SCHOLARSHIPS FOR STUDENTS West Texas A & M University WTAMU Box 60939 Canyon TX 79016 756031405 171075 SCHOLARSHIPS FOR STUDENTS Abilene Christian University ACU Box 29007 Abilene TX 79699 750851900 25000 SCHOLARSHIPS FOR STUDENTS Baylor University One Bear Place Waco TX 76798 741159753 27178 SCHOLARSHIPS FOR STUDENTS Dallas Baptist University 3000 Mountain Creek Pkwy Dallas TX 75211 756001300 7500 SCHOLARSHIPS FOR STUDENTS Howard Payne University 1000 Fisk Ave Brownwood TX 76801 750800653 16420 SCHOLARSHIPS FOR STUDENTS Lubbock Christian University 5601 19th St Lubbock TX 79407 750950119 8460 SCHOLARSHIPS FOR STUDENTS Savannah College of Art & Design PO Box 2701 Savannah GA 31402 581357177 7125 SCHOLARSHIPS FOR STUDENTS Schreiner University 2100 Memorial Blvd Kerrville TX 78028 741193459 18750 SCHOLARSHIPS FOR STUDENTS St Mary's University One Camino Santa Maria San Antonio TX 78228 741143128 63710 SCHOLARSHIPS FOR STUDENTS Texas A & M Foundation 401 George Bush Dr College Station TX 77840 742245072 100000 General Support Texas Christian University PO Box 297011 Fort Worth TX 76129 750827465 22500 SCHOLARSHIPS FOR STUDENTS Trinity University 715 Stadium Dr San Antonio TX 78212 741109633 25000 SCHOLARSHIPS FOR STUDENTS TSTC Foundation The DBA TSTC Regent's Circle 3801 Campus Dr Waco TX 76705 752892470 24167 SCHOLARSHIPS FOR STUDENTS University of the Incarnate Word 4301 Broadway San Antonio TX 78209 741109661 12500 SCHOLARSHIPS FOR STUDENTS Texas A & M University at Galveston PO Box 1675 Galveston TX 77553 742125225 9750 SCHOLARSHIPS FOR STUDENTS University of Texas at El Paso 500 W University Ave El Paso TX 79968 746000813 6000 SCHOLARSHIPS FOR STUDENTS Alamo Colleges Foundation Inc Institutional Advancement 1819 N M San Antonio TX 78212 17000 SCHOLARSHIPS FOR STUDENTS Northwest Lineman College 7600 S Meridian Rd Meridian ID 83642 8750 SCHOLARSHIPS FOR STUDENTS Texas 4-H Youth Development Foundation PO Box 11020 College Station TX 77842 40000 SCHOLARSHIPS FOR STUDENTS UCLA Extension 1145 Gayley Ave FI 2 Los Angeles AP 90024 18617 SCHOLARSHIPS FOR STUDENTS 18 29 PART I, LINE 2 - PROCEDURES FOR MONITORING USE OF GRANTS FUNDS IN U.S. THE ORGANIZATION GIVES OUT GRANTS AND SCHOLARSHIPS TO SCHOOLS AND OTHER TAX-EXEMPT ENTITIES TO FURTHER THEIR EXEMPT PURPOSE. THE ORGANIZATION REQUIRES THE AWARDED ENTITIES TO SUBMIT REPORTS RELATED TO THE USAGE OF THE FUNDS RECEIVED, WHICH HELPS IN THE DETERMINATION OF FUTURE AWARDS. X X X X false true false false false false false false false Cody Davenport EXECUTIVE DIRECTOR/CEO 413487 100000 19800 25019 558306 FORM 990, SCHEDULE J, PART I, LINE 4 IN 2008, THE AUDIT, FINANCE AND COMPENSATION SUBCOMMITTEE OF S.A.L.E. ESTABLISHED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR THE EXECUTIVE LEADERSHIP OF S.A.L.E. WITH THE INTENT TO PROMOTE STABILITY, RETENTION, CAPABILITY AND ATTRACTIVENESS TO THE EXECUTIVE LEADERSHIP. SINCE THE PREVIOUS EXECUTIVE DIRECTOR HAD BEEN WORKING AT S.A.L.E. SINCE 1989 AND THE OTHERS FOR SHORTER PERIODS, S.A.L.E. WAS HAVING TO ACCELERATE PAYMENTS TO FUND THE PLAN. THE FOLLOWING INDIVIDUALS WERE PARTICIPANTS IN THE SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN, FOR WHICH AN INCREASE OF $238,329 WAS RECORDED DURING THE FISCAL YEAR ENDED MARCH 31, 2023. THE FOLLOWING INDIVIDUALS WERE PARTICIPANTS DURING THE BEGINNING OF THE YEAR: JAMIE BROWN KAREN CARAWAN, CHRISTOPHER DERBY, DARCI OWENS, JOHN PHELPS, AND SETH C. DAVENPORT, AND THE FOLLOWING WERE PARTICIPANTS AT THE END OF THE YEAR: JAMIE BROWN KAREN CARAWAN, CHRISTOPHER DERBY, CODY O. THARP, JOHN PHELPS, AND SETH C. DAVENPORT. IN ADDITION, AN ACCRUAL OF THESE BENEFITS WAS $210,297 FOR THE FISCAL YEAR ENDED MARCH 31, 2023. INCLUDED IN PART II, COLUMN C (BUT ALSO INCLUDES THE EMPLOYER'S CONTRIBUTION TO THEIR RETIREMENT PLAN) ARE THE CURRENT YEAR DEFERRALS FOR THE SERP. THE TOTALS ARE AS FOLLOWS: JAMIE BROWN - $23,325, SETH C. DAVENPORT - $122,422, CHRISTOPHER DERBY - $20,798, KAREN CARAWAN - $11,278, THOMAS D. ADAMS - $15,629, CODY O. THARP - $11,094, AND JOHN PHELPS - $19,969. A FEW OTHER THINGS CONSIDERED WHEN DRAFTING THE ARRANGEMENT TOOK INTO EFFECT 1) THE FUNDS ARE PAYABLE AT RETIREMENT AND SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE, 2) THE AUDIT, FINANCE AND COMPENSATION SUBCOMMITTEE HAS REVIEWED THE FORM 990, AND 3) S.A.L.E. RELIED UPON REBUTTABLE PRESUMPTION GUIDELINES. FORM 990, PART I, LINE 1 - ORGANIZATION MISSION OR SIGNIFICANT ACTIVITIES THE SAN ANTONIO LIVESTOCK EXPOSITION EDUCATION FUND, INC. (EDUCATION FUND) WAS FORMED IN 2011 AND RECEIVED IRS APPROVAL AS A NONPROFIT ORGANIZATION IN FEBRUARY 2013. IT WAS FORMED AS A SUPPORTING ORGANIZATION TO SAN ANTONIO LIVESTOCK EXPOSITION, INC (S.A.L.E.) FEDERAL ID# 74-1075466, AND WILL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF S.A.L.E. THE EDUCATION FUND IS INTENDED TO BE A TYPE I SUPPORTING ORGANIZATION, ONE THAT IS OPERATED, SUPERVISED OR CONTROLLED BY A PUBLICLY SUPPORTED ORGANIZATION. FORM 990, PART III, LINE 1 - ORGANIZATION MISSION THE SAN ANTONIO LIVESTOCK EXPOSITION EDUCATION FUND, INC. (EDUCATION FUND) WAS FORMED IN 2011 AND RECEIVED IRS APPROVAL AS A NONPROFIT ORGANIZATION IN FEBRUARY 2013. IT WAS FORMED AS A SUPPORTING ORGANIZATION TO SAN ANTONIO LIVESTOCK EXPOSITION, INC (S.A.L.E.) FEDERAL ID# 74-1075466, AND WILL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF S.A.L.E. THE EDUCATION FUND IS INTENDED TO BE A TYPE I SUPPORTING ORGANIZATION, ONE THAT IS OPERATED, SUPERVISED OR CONTROLLED BY A PUBLICLY SUPPORTED ORGANIZATION. FORM 990, PART VI, LINE 2 - BUSINESS OR FAMILY RELATIONSHIP OF OFFICERS, D ONE OF THE DIRECTORS IS AN OFFICER/PART OWNER OF A BANK THAT PROVIDES SERVICES FOR THE ORGANIZATION. FORM 990, PART VI, LINE 7A - HOW MEMBERS OR SHAREHOLDERS ELECT GOVERNING B DURING S.A.L.E.'S ANNUAL MEETING, THE LIFE MEMBERS ELECT S.A.L.E.'S CURRENT YEAR'S OFFICERS FROM A SELECTED GROUP OF INDIVIDUALS NOMINATED BY THE ELECTION COMMITTEE. THE BOARD MEMBERS OF THE EDUCATION FUND ARE SELECTED FROM THIS GROUP OF ELECTED OFFICERS. FORM 990, PART VI, LINE 11B- FORM 990 REVIEW PROCESS THE AUDIT COMMITTEE, A SUB-COMMITTEE OF S.A.L.E.'S FINANCE COMMITTEE/EXECUTIVE COMMITTEE, ALONG WITH SENIOR MANAGEMENT OF S.A.L.E., REVIEWS THE FORM 990, AND ANY RECOMMENDATIONS ARE INCORPORATED IN THE RETURN, FOR WHICH THEY GIVE THEIR FINAL APPROVAL. FORM 990, PART VI, LINE 12C - EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST STATEMENTS ARE CIRCULATED TO THE STAFF AND DIRECTORS EACH YEAR AND ANY CONFLICTING INTERESTS ARE NOTED AND FOLLOWED. FORM 990, PART VI, LINE 19- OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABL THE ORGANIZATION WILL FURNISH A COPY OF THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2 - CHANGE OF OVERSIGHT OR SELECTION PROCESS THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR IN THE OVERSIGHT OR SELECTION PROCESS PERFORMED BY THE BOARD IN REVIEWING THE AUDIT AND TAX RETURN AND THE SELECTION OF THE AUDITING TEAM. San Antonio Livestock Exposition SALE - PO Box 200230 San Antonio TX 78220 Support Org TX 501(c)(3) Line 10 SALE Inc false false false true false false false false false false false false false false true false false false false false SAN ANTONIO LIVESTOCK EXPOSITION INC C 3650501 ACTUAL TRANSFER SAN ANTONIO LIVESTOCK EXPOSITION INC N 125000 ACTUAL TRANSFER