2014-11-14T08:12:57-06:00 2014-03-31 742386663 HAASS LINDOW & CAMPSEY PC 8122 DATAPOINT DR SUITE 830 SAN ANTONIO TX 78229 990 2013-04-01 454533237 SAN ANTONIO LIVESTOCK EXPOSITION EDUCATIONAL FUND INC SANA 2102255851 P O BOX 200230 SAN ANTONIO TX 78220 KEITH MARTIN EXECUTIVE DIRECTOR OF SALE 2102255851 2014-11-03 1 ARTHUR L CAMPSEY P00066680 2106970660 2014-11-03 2013 2015-11-30 17:44:51Z KEITH MARTIN 723 ATT CENTER PARKWAY SAN ANTONIO TX 78219 2770099 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 20 0 0 0 50000 0 0 0 533393 0 0 0 583393 0 0 0 0 0 0 0 0 0 0 47475 0 47475 0 535918 0 17815753 0 16655255 0 1160498 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 37900 DURING THE FISCAL YEAR ENDED MARCH 31, 2014, S.A.L.E. TRANSFERRED CASH, INVESTMENTS AND THE CORRESPONDING SCHOLARSHIP AND GRANT LIABILITY TO THE EDUCATION FUND 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, 2014. A TOTAL OF $15,554,174 OF CASH AND INVESTMENTS, AND A CORRESPONDING SCHOLARSHIP AND GRANT LIABILITY WERE TRANSFERRED DUGING THE FISCAL YEAR. ADDITIONAL SCHOLARSHIPS OF $5,603,852 WERE AWARDED LESS PAYMENTS/FORFEITURES OF $5,052,373 LEFT A LIABILITY BALANCE OF $16,105,653 AS OF MARCH 31, 2014. SINCE THE ASSETS AND LIABILITY WERE TRANSFERRRED MID-YEAR, THE ONLY INCOME THAT THE EDUCATION FUND RECORDED IS CHARITABLE CONTRIBUTIONS AND INCOME FROM INVESTMENTS, AND THE EXPENSES ARE INUSRANCE, LEGAL, AMORTIZATION OF ORGANIZATIONAL COSTS AND INVESTMENTS RELATED EXPENSES. (FUTURE YEARS WILL SHOW THE RECORDING OF THE SCHOLARSHIP EXPENSE AND CONTRIBUTIONS FROM S.A.L.E. AND RELATED PAYMENT OF THE SCHOLARSHIPS)IN ADDITION S.A.L.E. LOANED THE EDUCATION FUND $549,602 DURING THE FISCAL YEAR ENDED MARCH 31, 2014. 37900 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 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 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 FRED PETMECKY DIRECTOR 2.00 X 0 0 0 BILL MCDONALD 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 VICE PRESIDENT 2.00 X 0 0 0 KEITH MARTIN EXECUTIVE DIRECTOR 2.00 50.00 X 0 2317897 20501 0 2317897 20501 0 0 1 0 0 50000 50000 325054 325054 2395045 2186706 208339 208339 208339 583393 325054 0 208339 3512 3512 INVESTMENT FEES AND CHA 37900 37900 INSURANCE 5715 5715 LEGAL AND PROFESSIONAL 348 348 47475 37900 9575 0 4023062 5715 9645830 4085755 14046 0 41345 0 17815753 12055653 0 4599602 0 16655255 X 0 0 0 0 0 1160498 0 1160498 0 17815753 535918 624580 0 X X 0 1 X 0 0 X X X X 0 0 0 SAN ANTONIO LIVESTOCK EXPOSITION INC 741075466 LN9,501(C)(3) 1 1 1 0 1 0 FORM 990, SCHEDULE A, PART I, PAGE 1, LINE 11 SAN ANTONIO LIVESTOCK EXPOSITION, INC. PROVIDES OFFICE SPACE AND USE OF EMPLOYEES TO ACCOMPLISH THE PAYMENT OF GRANTS AND SCHOLARSHIPS, AND OTHER ACTIVITIES OF THE EDUCATION FUND. THERE WERE NO REIMBURSEMENTS FOR THESE ACTIVITIES IN THE FISCAL YEAR ENDED MARCH 31, 2014. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 331152 1481 332633 0.69000 0.31000 0 0 0 FROST TOTAL RETURN BOND FUND 4085755 C 4085755 DUE TO SAN ANTONIO LIVESTOCK EXPOSITION, INC. 549602 CURRENT PORTION - SCHOLARSHIPS 4050000 4599602 32143166 624580 30935193 31559773 583393 0 583393 31176230 31128755 31128755 47475 0 47475 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 $332,633 AT MARCH 31, 2014, AND HAVE BEEN INVESTED CONSERVATIVELY IN CERTIFICATES OF DEPOSIT SINCE THEIR INITIAL DONATIONS. A TOTAL OF $331,152 WAS TRANSFERRED FROM S.A.L.E. DURING THE FISCAL YEAR ENDED MARCH 31, 2014 - AND IS REFLECTED AS CONTRIBUTIONS, SINCE THERE WAS NO APPROPRIATE LINE TO RECORD THE TRANSFER AND THE SCHEDULE D, PART V. 1 X X X X 0 1 0 0 0 0 0 0 0 KEITH MARTIN EXECUTIVE DIRECTOR 0 2227897 0 90000 0 0 0 15000 0 5501 0 2338398 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 $534,792 WAS EXPENSED DURING THE FISCAL YEAR ENDED MARCH 31, 2013. THE INDIVIDUALS ARE: R. KEITH MARTIN, GLEN A. PHILLIPS, PAMELA J. REW, DEBBIE SCHRONK, AND BETTY ROSS. IN ADDITION, AN ACCRUAL OF THESE BENEFITS WERE MADE FOR $543,245 FOR THE FISCAL YEAR ENDED MARCH 31, 2013. 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: R. KEITH MARTIN - $403,503. 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 11429 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, 2014. 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 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 SAN ANTONIO LIVESTOCK EXPOSITION INC (SALE) I 16105653 ACTUAL BALANCES TRANSFERRED