2016-11-14T09:24:37-06:00 2016-03-31 742386663 HAASS LINDOW & CAMPSEY PC 8122 DATAPOINT DR SUITE 830 SAN ANTONIO TX 78229 990 2015-04-01 454533237 SAN ANTONIO LIVESTOCK EXPOSITION EDUCATIONAL FUND INC SANA 2102255851 P O BOX 200230 SAN ANTONIO TX 78220 KEITH MARTIN EXECUTIVE DIRECTOR OF S.A.L.E. 2102255851 2016-11-11 1 CAROLINE LINDOW P00986921 2106970660 2016-11-11 2015 2017-02-10 21:41:12Z KEITH MARTIN 723 ATT CENTER PARKWAY SAN ANTONIO TX 78219 9861080 0 X WWW.SARODEO.COM X 2011 TX 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. 9 9 0 0 0 0 5621227 4185465 0 0 675311 422667 0 0 6296538 4608132 5987448 4048416 0 0 0 0 0 0 0 224418 213652 6211866 4262068 84672 346064 19028503 18650146 17977363 17653111 1051140 997035 X 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. 0 0 4240282 4048416 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, 2016. IN THE FISCAL YEAR ENDED MARCH 31, 2016, $4,160,465 WAS TRANSFERRED FROM S.A.L.E. TO THE EDUCATION FUND AS A DONATION. ADDITIONAL SCHOLARSHIPS AND GRANTS OF $4,048,416 WERE AWARDED AS OF MARCH 31, 2016. 4240282 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X BETTY ROST 2102255851 723 ATT CENTER PARKWAY SAN ANTONIO TX 78219 TINA HAYNES PRESIDENT 2.00 X 0 0 0 PAT FROST VICE PRESIDENT 2.00 X 0 0 0 RUSTY COLLIER DIRECTOR 2.00 X 0 0 0 MARK COLAW DIRECTOR 2.00 X 0 0 0 RICHARD M TRES KLEBERG III DIRECTOR 2.00 X 0 0 0 KIM MOORE DIRECTOR 2.00 X 0 0 0 NORM NEVINS DIRECTOR 2.00 X 0 0 0 JACKIE VAN DE WALLE DIRECTOR 2.00 X 0 0 0 JAMES F CLINGMAN DIRECTOR 2.00 X 0 0 0 KEITH MARTIN EXECUTIVE DIRECTOR 2.00 50.00 X 0 495480 22865 0 495480 22865 0 0 1 0 0 4185465 4185465 431630 431630 5243985 5252948 -8963 -8963 -8963 4608132 431630 0 -8963 4048416 4048416 3512 3512 MANAGEMENT FEE 125000 125000 INVESTMENT FEES AND CHA 66866 66866 INSURANCE 11962 11962 LEGAL AND PROFESSIONAL 6312 6312 4262068 4240282 21786 0 790485 748555 4284365 3826028 5981 5981 9040723 9038348 4861047 4998512 10535 7023 35367 25699 19028503 18650146 128238 125000 13599125 13128111 4250000 4400000 17977363 17653111 X 821204 767099 229936 229936 1051140 997035 19028503 18650146 346064 -400169 0 X X 0 1 X 0 0 X X X 1 SAN ANTONIO LIVESTOCK EXPOSITION INC 741075466 9 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 333772 1005 334777 332633 1139 333772 331152 1481 332633 0.69000 0.31000 0 0 0 FROST TOTAL RETURN BOND FUND 4998512 C 4998512 CURRENT PORTION - SCHOLARSHIPS 4400000 4400000 33472057 -400169 29264094 28863925 4608132 0 4608132 31454410 27192342 27192342 4262068 0 4262068 PART V, LINE 4: THE INITIAL PRINCIPAL CONTRIBUTION IS PERMANENTLY RESTRICTED AND THE EARNINGS FROM THIS IS TO BE USED TO FUND SCHOLARSHIPS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED FINANCIAL WITH S.A.L.E. - S.A.L.E.'S ALLOCATION PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED FINANCIAL WITH S.A.L.E. - S.A.L.E.'S ALLOCATION SCHEDULE D, PART V, LINE 4 PRIOR TO THE CURRENT YEAR, DONORS CONTRIBUTED $229,936 FOR SCHOLARSHIP ENDOWMENTS. ALTHOUGH NOT FORMALIZED, THE AGREEMENTS WOULD LIMIT THE EARNINGS FROM THESE ENDOWMENTS TO BE USED TO FUND SCHOLARSHIPS FOR THE POOR AND NEEDY. THE TOTAL OF THESE TWO ENDOWMENTS AND INTEREST EARNED TOTALED $334,777 AT MARCH 31, 2016, AND HAVE BEEN INVESTED CONSERVATIVELY IN CERTIFICATES OF DEPOSIT SINCE THEIR INITIAL DONATIONS. 1 ABILENE CHRISTIAN UNIVERSITY ACU BOX 29007 ABILENE TX 79699 750851900 501 (C)(3) 30929 SCHOLARSHIPS FOR STUDENTS ALAMO COLLEGES FOUNDATION INC 1819 N MAIN AVE SAN ANTONIO TX 78212 742422589 501 (C)(3) 84000 SCHOLARSHIPS FOR STUDENTS ALAMO COMMUNITY COLLEGE DISTRICT 811 W HOUSTON ST SUITE 240 SAN ANTONIO TX 78204 746002173 PUBLIC SCHOOL 39843 SCHOLARSHIPS FOR STUDENTS ALVIN COMMUNITY COLLEGE 3110 MUSTANG RD ALVIN TX 77511 741405330 PUBLIC SCHOOL 8150 SCHOLARSHIPS FOR STUDENTS ANGELO STATE UNIVERSITY PO BOX 11015 SAN ANGELO TX 76909 756002403 PUBLIC SCHOOL 82625 SCHOLARSHIPS FOR STUDENTS ART INSTITUTE OF CHICAGO THE 111 SOUTH MICHIGAN AVE CHICAGO IL 60603 362167725 501 (C)(3) 5652 SCHOLARSHIPS FOR STUDENTS AUSTIN COLLEGE 900 N GRAND AVE SHERMAN TX 75090 750827409 501 (C)(3) 5000 SCHOLARSHIPS FOR STUDENTS BAYLOR UNIVERSITY ONE BEAR PLACE WACO TX 76798 741159753 501 (C)(3) 26886 SCHOLARSHIPS FOR STUDENTS BEXAR COUNTY MASTER GARDENERS 3355 CHERRY RIDGE DR 208 SAN ANTONIO TX 78230 742600978 501 (C)(3) 38300 GENERAL SUPPORT BLINN COLLEGE 902 COLLEGE AVE BRENHAM TX 77833 746000400 PUBLIC SCHOOL 82675 SCHOLARSHIPS FOR STUDENTS BUTLER COUNTY COMMUNITY COLLEGE 901 S HAVERHILL ROAD EL DORADO TX 67042 480690383 PUBLIC SCHOOL 5000 SCHOLARSHIPS FOR STUDENTS CALIFORNIA STATE UNIVERSITY NORTHRIDGE 18111 NORDHOFF STREET NORTHRIDGE CA 91330 954358677 PUBLIC SCHOOL 7182 SCHOLARHIPS FOR STUDENTS CLARENDON COLLEGE PO BOX 968 CLARENDON TX 79226 756055652 PUBLIC SCHOOL 13500 SCHOLARSHIPS FOR STUDENTS DEL MAR COLLEGE 101 BALDWIN CORPUS CHRISTI TX 78404 746003102 PUBLIC SCHOOL 5000 SCHOLARSHIPS FOR STUDENTS HARDIN-SIMMONS UNIVERSITY HSU 16025 ABILENE TX 79698 750808791 PUBLIC SCHOOL 15884 SCHOLARSHIPS FOR STUDENTS HILLSDALE COLLEGE 33 E COLLEGE ST HILLSDALE MI 49242 381374230 501 (C)(3) 5700 SCHOLARSHIPS FOR STUDENTS KILGORE COLLEGE 1100 BROADWAY KILGORE TX 75662 756001909 PUBLIC SCHOOL 5500 SCHOLARSHIPS FOR STUDENTS LUBBOCK CHRISTIAN UNIVERSITY 5601 19TH ST LUBBOCK TX 79407 750950119 501 (C)(3) 7000 SCHOLARSHIPS FOR STUDENTS MCMURRY UNIVERSITY BOX 308 MCMURRY STATION ABILENE TX 79697 750855633 501 (C)(3) 6825 SCHOLARSHIPS FOR STUDENTS MIDWESTERN STATE UNIVERSITY 3410 TAFT BLVD WICHITA FALLS TX 76308 756001738 PUBLIC SCHOOL 15562 SCHOLARSHIPS FOR STUDENTS NEW HAMPSHIRE INSTITUTE OF ART 148 CONCORD ST MANCHESTER NH 03104 020222154 501 (C)(3) 11132 SCHOLARSHIPS FOR STUDENTS OUR LADY OF THE LAKE UNIVERSITY 411 SW 24TH ST SAN ANTONIO TX 78207 741109631 501 (C)(3) 53750 SCHOLARSHIPS FOR STUDENTS PIONEERS YOUTH LEADERSHIP INC PO BOX 441 LEAKEY TX 78873 461409405 501 (C)(3) 8000 SCHOLARSHIPS FOR STUDENTS PRAIRIE VIEW A&M UNIVERSITY PO BOX 1005 PRAIRIE VIEW TX 77446 746001078 PUBLIC SCHOOL 22875 SCHOLARSHIPS FOR STUDENTS RICE UNIVERSITY 6100 MAIN ST HOUSTON TX 77005 741109620 501 (C)(3) 13000 SCHOLARSHIPS FOR STUDENTS SAM HOUSTON STATE UNIVERSITY PO BOX 2537 HUNTSVILLE TX 77341 746001430 PUBLIC SCHOOL 131875 SCHOLARSHIPS FOR STUDENTS SAN ANTONIO BOTANICAL SOCIETY 555 FUNSTON PLACE SAN ANTONIO TX 78209 742178792 501 (C)(3) 13800 GENERAL SUPPORT SAN ANTONIO YOUNG WOMEN'S LEADERSHIP 303 PEARL PKWY STE 114 SAN ANTONIO TX 78215 275164994 501 (C)(3) 8000 SCHOLARSHIPS FOR STUDENTS SCHREINER UNIVERSITY 2100 MEMORIAL BLVD KERRVILLE TX 78028 741193459 501 (C)(3) 75369 SCHOLARSHIPS FOR STUDENT SOUTH PLAINS COLLEGE 1401 S COLLEGE AVE LEVELLAND TX 79336 756004667 PUBLIC SCHOOL 23775 SCHOLARSHIPS FOR STUDENTS ST MARY'S UNIVERSITY ONE CAMINO SANTA MARIA SAN ANTONIO TX 78228 741143128 501 (C)(3) 88250 SCHOLARSHIPS FOR STUDENTS STEPHEN F AUSTIN STATE UNIVERSITY 1936 NORTH ST NACOGDOCHES TX 75962 756002514 PUBLIC SCHOOL 7500 SCHOLARSHIPS FOR STUDENTS SUL ROSS STATE UNIVERSITY PO BOX C-144 ALPINE TX 79832 746000027 PUBLIC SCHOOL 51500 SCHOLARSHIPS FOR STUDENTS SW TEXAS JUNIOR COLLEGE 2401 GARNER FIELD RD UVALDE TX 78801 746002420 PUBLIC SCHOOL 18250 SCHOLARSHIPS FOR STUDENTS TARLETON STATE UNIVERSITY 1333 W WASHINGTON STEPHENVILLE TX 76401 756001870 PUBLIC SCHOOL 148057 SCHOLARSHIPS FOR STUDENTS TEXAS 4-H YOUTH DEVELOPMENT FOUNDATION PO BOX 11020 COLLEGE STATION TX 77842 746091147 501 (C)(3) 6250 SCHOLARSHIPS FOR STUDENTS AND GENERAL SUPPORT TEXAS A&M FOUNDATION 401 GEORGE BUSH DR COLLEGE STATION TX 77840 742245072 501 (C)(3) 100432 GENERAL SUPPORT TEXAS A&M UNIVERSITY 401 GEORGE BUSH DR COLLEGE STATION TX 77840 746000531 PUBLIC SCHOOL 938043 SCHOLARSHIPS FOR STUDENTS TEXAS A&M UNIVERSITY COMMERCE PO BOX 3011 COMMERCE TX 75429 756001353 PUBLIC SCHOOL 19250 SCHOLARSHIPS FOR STUDENTS TEXAS A&M UNIVERSITY AT CORPUS CHRISTI 6300 OCEAN DR CORPUS CHRISTI TX 78412 741760663 PUBLIC SCHOOL 29775 SCHOLARSHIPS FOR STUDENTS TEXAS A&M UNIVERSITY AT GALVESTON PO BOX 1675 GALVESTON TX 77553 742125225 PUBLIC SCHOOL 13246 SCHOLARSHIPS FOR STUDENTS TEXAS A&M KINGSVILLE 700 UNIVERSITY BLVD KINGSVILLE TX 78363 746001530 PUBLIC SCHOOL 74150 SCHOLARSHIPS FOR STUDENTS TEXAS AGRILIFE EXTENSION SERVICE 2147 TAMU COLLEGE STATION TX 77843 746000531 PUBLIC SCHOOL 30000 GENERAL SUPPORT TEXAS CHRISTIAN UNIVERSITY PO BOX 297011 FORT WORTH TX 76129 750827465 501 (C)(3) 19309 SCHOLARSHIPS FOR STUDENTS TEXAS LUTHERAN UNIVERSITY 1000 WEST COURT ST SEGUIN TX 78155 741109748 501 (C)(3) 24666 SCHOLARSHIPS FOR STUDENTS TEXAS PARKS AND WILDLIFE DEPARTMENT 4200 SMITH SCHOOL RD AUSTIN TX 78744 741680372 STATE GOVERNMENT 50000 GENERAL SUPPORT TEXAS SOUTHERN UNIVERSITY 3100 CLEBURNE ST HOUSTON TX 77004 746001391 501 (C)(3) 6000 GENERAL SUPPORT TEXAS STATE TECHNICAL COLLEGE REGENTS CIRCLE-WACO 3801 CAMPUS DR WACO TX 76705 752892470 501 (C)(3) 16200 SCHOLARSHIPS FOR STUDENTS TEXAS STATE UNIVERSITY 601 UNIVERSITY SAN MARCOS TX 78666 746002248 PUBLIC SCHOOL 92224 SCHOLARSHIPS FOR STUDENTS TEXAS TECH FOUNDATION PO BOX 42123 LUBBOCK TX 79409 756043842 501 (C)(3) 214300 GENERAL SUPPORT TEXAS TECH UNIVERSITY PO BOX 42123 LUBBOCK TX 79409 756002622 PUBLIC SCHOOL 454547 SCHOLARSHIPS FOR STUDENTS THE FOREVER FOUNDATION FOR TEXAS WILDLIFE 2800 NE LOOP 410 SUITE 105 SAN ANTONIO TX 78218 742605516 501 (C)(3) 236500 GENERAL SUPPORT THE UNIVERSITY OF TEXAS FOUNDATION INC PO BOX 250 AUSTIN TX 78767 741587488 PUBLIC SCHOOL 328750 SCHOLARSHIPS FOR STUDENTS TRINITY UNIVERSITY 715 STADIUM DR SAN ANTONIO TX 78212 741109633 501 (C)(3) 53994 SCHOLARSHIPS FOR STUDENTS UNIVERSAL TECHNICAL INSTITUTE 721 LOCKHAVEN DR HOUSTON TX 77073 860464001 PRIVATE SCHOOL 7200 SCHOLARSHIPS FOR STUDENT UNIVERSITY OF HOUSTON SYSTEM 5000 GULF FWY BLDG I RM 109 HOUSTON TX 77204 746001399 PUBLIC SCHOOL 19535 SCHOLARSHIPS FOR STUDENTS UNIVERSITY OF TEXAS AT AUSTIN PO BOX 7758 UT STATION AUSTIN TX 78713 746000203 PUBLIC SCHOOL 62671 SCHOLARSHIPS FOR STUDENTS UNIVERSITY OF TEXAS AT SAN ANTONIO 6900 N LOOP 1604 SAN ANTONIO TX 78249 741717115 PUBLIC SCHOOL 87708 SCHOLARSHIPS FOR STUDENTS UNIVERSITY OF THE INCARNATE WORD 4301 BROADWAY SAN ANTONIO TX 78209 741109661 501 (C)(3) 79000 SCHOLARSHIPS FOR STUDENTS WEATHERFORD COLLEGE 225 COLLEGE PARK DR WEATHERFORD TX 76086 756002862 PUBLIC SCHOOL 5460 SCHOLARSHIPS FOR STUDENTS WEST TEXAS A&M UNIVERSITY WTAMU BOX 60939 CANYON TX 79016 756031405 PUBLIC SCHOOL 135750 SCHOLARSHIPS FOR STUDENTS PART I, LINE 2: 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 USEAGE OF THE FUNDS RECEIVED, WHICH HELPS IN THE DETERMINATION OF FUTURE AWARDS. 1 X X X X 0 1 0 0 0 0 0 0 0 KEITH MARTIN EXECUTIVE DIRECTOR 0 395480 0 100000 0 0 0 15900 0 6965 0 518345 0 0 PART I, LINE 4B IN 2008, THE AUDIT, FINANCE AND COMPENSATION SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF SALE ESTABLISHED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR THE EXECUTIVE LEADERSHIP OF SALE WITH THE INTENT TO PROMOTE STABILITY, RETENTION, CAPABILITY, AND ATTRACTIVENESS TO THE EXECUTIVE LEADERSHIP.SINCE THE EXECUTIVE DIRECTOR HAD BEEN WORKING AT SALE SINCE 1989 AND THE OTHERS FOR SHORTER PERIODS, SALE 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 A BALANCE OF $260,796 WAS RECORDED DURING THE FISCAL YEAR ENDED MARCH 31, 2016. THE INDIVIDUALS ARE: GLEN A. PHILLIPS, PAMELA J. REW, DEBBIE SCHRONK, BETTY ROST AND MARTHA MAYNARD. IN ADDITION, AN ACCRUAL OF THESE BENEFITS WERE $218,193 FOR THE FISCAL YEAR ENDED MARCH 31, 2016. 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: GLEN A. PHILLIPS - $21,066, MARTHA MAYNARD - $62,863, DEBBIE SCHRONK - $39,777, AND BETTY ROST - $80,734. 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) SALE RELIED UPON REBUTTABLE PRESUMPTION GUIDELINES. TINA HAYNES TINA HAYNES IS AN OFFICER/OWNER OF SANGER AND ALTGELT INSURANCE AGENCY 11962 THE EDUCATION FUND/S.A.L.E. HAS PROCURED INSURANCE FROM SANGER AND ALTGELT INSURANCE AGENCY FOR MANY YEARS, AND TINA HAS BEEN AN OFFICER WITH THE EDUCATION FUND AND S.A.L.E. THROUGH THE CURRENT FISCAL YEAR ENDED MARCH 31, 2016. 0 FORM 990, PART VI, SECTION A, LINE 2 ONE OF THE DIRECTORS IS AN OFFICER/PART OWNER OF A BANK THAT PROVIDES SERVICES FOR THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A 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, SECTION B, LINE 11 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, SECTION B, LINE 12C 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, SECTION B, LINE 15 THE EDUCATION FUND HAS NO EMPLOYEES. ADMINISTRATIVE AND ACCOUNTING FUNCTIONS ARE TO BE REIMBURSED TO S.A.L.E. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION WILL FURNISH A COPY OF THEIR FORM 990 AND FORM 1023 UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL FURNISH A COPY OF THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON WRITTEN REQUEST. FORM 990, PART XII, PAGE 12, LINE 2C 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 FIRM. SAN ANTONIO LIVESTOCK EXPOSITION INC(SALE) PO BOX 200230 SAN ANTONIO TX 78220 741075466 THE EDUCATIONAL FUND SERVES AS A SUPPORTING ORGANIZATION TO SALE TX 501(C)(3) LINE 9 SAN ANTONIO LIVESTOCK EXPOSITION INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 SAN ANTONIO LIVESTOCK EXPOSITION INC (SALE) C 4160465 ACTUAL BALANCES TRANSFERRED SAN ANTONIO LIVESTOCK EXPOSITION INC (SALE) N 125000 ACTUAL BALANCES TRANSFERRED/ACC'D