2026-01-20T11:06:55-06:00 2025-03-31 BDO USA 10999 IH-10W Suite 255 San Antonio TX 78230 990 2024-04-01 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 2025-12-09 true true Ann M Pena P00671430 2103428000 2024 2025-03-06 01:10:19Z CODY DAVENPORT PO BOX 200230 SAN ANTONIO TX 782200230 7443740 false X www.sarodeo.com X 2011 TX SEE SCHEDULE O 9 9 0 0 0 0 4775054 3798768 0 0 241085 664169 0 0 5016139 4462937 2486098 3712664 0 0 0 0 0 0 0 215839 142206 2701937 3854870 2314202 608067 27685304 28866920 11880933 11879230 15804371 16987690 X SEE SCHEDULE O. false false 3839858 3712664 0 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, 2025. IN THE FISCAL YEAR ENDED MARCH 31, 2025 SCHOLARSHIPS AND GRANTS OF $3,820,001 (527 Recipients) WERE AWARDED. 3839858 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 9 9 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 2.0 50.0 X X 0 864329 32527 BERT PFIESTER PRESIDENT 2.0 0.0 X X 0 0 0 DICK EVANS VICE PRESIDENT 2.0 0.0 X X 0 0 0 PAUL BRACHER SECRETARY 2.0 0.0 X 0 0 0 TODD BROCKWELL DIRECTOR 2.0 0.0 X 0 0 0 MARK COLAW DIRECTOR 2.0 0.0 X 0 0 0 TINA HAYNES DIRECTOR 2.0 0.0 X 0 0 0 BJ HENDLER DIRECTOR 2.0 0.0 X 0 0 0 JOE SOULES DIRECTOR 2.0 0.0 X 0 0 0 0 864329 32527 0 false true false 0 3798768 3798768 0 767875 767875 0 0 0 0 0 2877097 2980803 -103706 -103706 -103706 0 0 0 0 0 0 0 0 0 0 4462937 0 664169 3712664 3712664 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 12012 12012 MANAGEMENT FEE 125000 125000 0 0 LEGAL & PROFESSIONAL 3000 0 3000 0 INVESTMENT FEES & CHARGES 2194 2194 0 0 3854870 3839858 15012 0 1617799 1501081 0 0 0 0 0 0 0 0 0 0 23352 34820 0 0 6007 6007 0 0 19608506 20639924 6429640 6685088 0 0 0 0 0 0 27685304 28866920 0 0 11880933 11879230 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11880933 11879230 X 15427493 16595628 376878 392062 15804371 16987690 27685304 28866920 608067 575252 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 3787909 376878 15184 4179971 3411031 311213 65665 3787909 3099818 325514 -14301 3411031 2774304 329042 -3528 3099818 2563203 63900 147201 2774304 false false FROST TOTAL RETURN BOND FUND 6685088 F 6685088 58073008 575252 53034819 53610071 4462937 4462937 53999816 50144946 50144946 3854870 3854870 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 $3,657,738 AS OF MARCH 31, 2025. 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. $58,707,266 CONSOLIDATED COMPANY-BORDERLAND TEQUILA $ 200,760 ELIMINATIONS $(5,873,207) TOTAL ADJUSTMENT $53,034,819 FORM 990, SCHEDULE D, PART XII, LINE 2D CONSOLIDATED COMPANY-S.A.L.E. $55,466,984 CONSOLIDATED COMPANY-BORDERLAND TEQUILA $ 548,738 ELIMINATIONS $(5,870,776) TOTAL ADJUSTMENT $50,144,946 true ABILENE CHRISTIAN UNIVERSITY ACU BOX 29007 ABILENE TX 79699 750851900 22566 SCHOLARSHIPS FOR STUDENTS ALAMO COLLEGES FOUNDATION INC INST ADV 1819 N SAN ANTONIO TX 78212 742422589 24000 SCHOLARSHIPS FOR STUDENTS ALAMO COMMUNITY COLLEGE DISTRICT 811 W HOUSTON STREET SAN ANTONIO TX 78204 746002173 25375 SCHOLARSHIPS FOR STUDENTS ANGELO STATE UNIVERSITY PO BOX 11015 SAN ANGELO TX 76909 756002403 138041 SCHOLARSHIPS FOR STUDENTS BAYLOR UNIVERSITY ONE BEAR PLACE WACO TX 76798 741159753 48500 SCHOLARSHIPS FOR STUDENTS BLINN COLLEGE 902 COLLEGE AVENUE BRENHAM TX 77833 746000400 49334 SCHOLARSHIPS FOR STUDENTS CALIFORNIA STATE POLYTECHNIC UNIV POMONA 3801 W TEMPLE AVENUE POMONA CA 91768 954255659 18830 SCHOLARSHIPS FOR STUDENTS CISCO JUNIOR COLLEGE 101 COLLEGE HEIGHTS CISCO TX 76437 751164343 23750 SCHOLARSHIPS FOR STUDENTS EAST FOUNDATION 200 CONCORD PLAZA DR SAN ANTONIO TX 78216 261380672 15000 SCHOLARSHIPS FOR STUDENTS EAST TEXAS BAPTIST UNIVERSITY 1209 NORTH GROVE STREET MARSHALL TX 75670 750859801 7890 SCHOLARSHIPS FOR STUDENTS GALEN HEALTH INSTITUTES INC 1031 ZORN AVE STE 400 LOUISVILLE KY 40207 611140524 7515 SCHOLARSHIPS FOR STUDENTS HILL COLLEGE PO BOX 619 HILLSBORO TX 76645 741404239 5833 SCHOLARSHIPS FOR STUDENTS LETOURNEAU UNIVERSITY PO BOX 7001 LONGVIEW TX 75607 751081109 10000 SCHOLARSHIPS FOR STUDENTS LUBBOCK CHRISTIAN UNIVERSITY 5601 19TH STREET LUBBOCK TX 79407 750950119 5750 SCHOLARSHIPS FOR STUDENTS MCLENNAN COMMUNITY COLLEGE 1400 COLLEGE DRIVE WACO TX 76708 741541260 7500 SCHOLARSHIPS FOR STUDENTS N E TEXAS COMMUNITY COLLEGE PO BOX 1307 MOUNT PLEASANT TX 75456 751963242 10400 SCHOLARSHIPS FOR STUDENTS PRAIRIE VIEW A & M UNIVERSITY PO BOX 1005 PRAIRIE VIEW TX 77446 746001078 63187 SCHOLARSHIPS FOR STUDENTS SAM HOUSTON STATE UNIVERSITY PO BOX 2537 HUNTSVILLE TX 77341 746001430 129700 SCHOLARSHIPS FOR STUDENTS SAVANNAH COLLEGE OF ART & DESIGN PO BOX 2701 SAVANNAH GA 31402 581357177 6750 SCHOLARSHIPS FOR STUDENTS SCHREINER UNIVERSITY 2100 MEMORIAL BOULEVARD KERRVILLE TX 78028 741193459 6250 SCHOLARSHIPS FOR STUDENTS SCI ACQUISITION CO INC 1701 DIRECTORS BOULEVARD AUSTIN TX 78744 20000 SCHOLARSHIPS FOR STUDENTS SOUTH PLAINS COLLEGE 1401 S COLLEGE AVENUE LEVELLAND TX 79336 756004667 34120 SCHOLARSHIPS FOR STUDENTS STEPHEN F AUSTIN STATE UNIVERSITY 1936 NORTH STREET NACOGDOCHES TX 75962 756002514 48560 SCHOLARSHIPS FOR STUDENTS SUL ROSS STATE UNIVERSITY PO BOX C-144 ALPINE TX 79832 746000027 64500 SCHOLARSHIPS FOR STUDENTS SW TEXAS JUNIOR COLLEGE 2401 GARNER FIELD ROAD UVALDE TX 78801 746002420 12250 SCHOLARSHIPS FOR STUDENTS TARLETON STATE UNIVERSITY 1333 W WASHINGTON STEPHENVILLE TX 76402 756001870 173424 SCHOLARSHIPS FOR STUDENTS TEXAS 4-H YOUTH DEVELOPMENT FOUNDATION PO BOX 11020 COLLEGE STATION TX 77842 746091147 30000 SCHOLARSHIPS FOR STUDENTS TEXAS A & M FOUNDATION 401 GEORGE BUSH COLLEGE STATION TX 77840 742245072 300000 SCHOLARSHIPS FOR STUDENTS TEXAS A & M UNIVERSITY 401 GEORGE BUSH COLLEGE STATION TX 77840 746000531 1005549 SCHOLARSHIPS FOR STUDENTS TEXAS A & M UNIVERSITY AT SAN ANTONIO 1450 GILLETTE BLVD SAN ANTONIO TX 78224 264168896 15000 SCHOLARSHIPS FOR STUDENTS TEXAS A & M UNIVERSITY COMMERCE PO BOX 3011 COMMERCE TX 75429 756001353 30313 SCHOLARSHIPS FOR STUDENTS TEXAS A & M UNIV CORPUS CHRISTI 6300 OCEAN DRIVE CORPUS CHRISTI TX 78412 741760663 19300 SCHOLARSHIPS FOR STUDENTS TEXAS A & M UNIVERSITY KINGSVILLE 700 UNIVERSITY BLVD KINGSVILLE TX 78363 746001530 84425 SCHOLARSHIPS FOR STUDENTS TEXAS AGRILIFE EXTENSION SERVICE 2147 TAMU COLLEGE STATION TX 77843 746000531 61300 SCHOLARSHIPS FOR STUDENTS TEXAS STATE UNIVERSITY 601 UNIVERSITY DRIVE SAN MARCOS TX 78666 746002248 114042 SCHOLARSHIPS FOR STUDENTS TEXAS TECH FOUNDATION PO BOX 45025 LUBBOCK TX 79409 756043842 323219 GENERAL SUPPORT TEXAS TECH UNIVERSITY SYSTEM BOX 41091 LUBBOCK TX 79409 756002622 362484 SCHOLARSHIPS FOR STUDENTS THE TSTC FOUNDATION 3801 CAMPUS DRIVE WACO TX 76705 752892470 23750 SCHOLARSHIPS FOR STUDENTS TSTC FOUNDATION DBA TSTC REGENT'S CIRCLE 3801 CAMPUS DRIVE WACO TX 76705 752892470 32000 SCHOLARSHIPS FOR STUDENTS UNIVERSITY OF HOUSTON SYSTEM 5000 GULF FWY BLDG HOUSTON TX 772040907 746001399 15540 SCHOLARSHIPS FOR STUDENTS UNIVERSITY OF MARY HARDIN BAYLOR 900 COLLEGE STREET BELTON TX 76513 741161940 9582 SCHOLARSHIPS FOR STUDENTS UNIVERSITY OF NORTH TEXAS PO BOX 311370 DENTON TX 76203 756002149 27916 SCHOLARSHIPS FOR STUDENTS UNIVERSITY OF TEXAS AT ARLINGTON 701 S NEDDERMAN DRIVE ARLINGTON TX 76019 756000121 20333 SCHOLARSHIPS FOR STUDENTS UNIVERSITY OF TEXAS AT AUSTIN 110 INNER CAMPUS DRIVE AUSTIN TX 78712 746000203 49000 SCHOLARSHIPS FOR STUDENTS UNIVERSITY OF TEXAS AT SAN ANTONIO 6900 N LOOP 1604 SAN ANTONIO TX 78249 741717115 34250 SCHOLARSHIPS FOR STUDENTS WEATHERFORD COLLEGE 225 COLLEGE PARK DR WEATHERFORD TX 76086 756002862 12500 SCHOLARSHIPS FOR STUDENTS WEST TEXAS A & M UNIVERSITY WTAMU BOX 60939 CANYON TX 79016 756031405 194413 SCHOLARSHIPS FOR STUDENTS 12 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 0 419956 0 444373 0 0 0 17150 0 15377 0 896856 0 0 FORM 990, SCHEDULE J, PART I, LINE 4 IN 2009, 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 $173,025 WAS RECORDED DURING THE FISCAL YEAR ENDED MARCH 31, 2025. THE FOLLOWING INDIVIDUALS WERE PARTICIPANTS DURING THE BEGINNING OF THE YEAR: JAMIE BROWN, KAREN CARAWAN, CHRISTOPHER DERBY, JOHN PHELPS, SETH C. DAVENPORT, THOMAS D. ADAMS, AND CODY O. THARP, AND THE FOLLOWING WERE PARTICIPANTS AT THE END OF THE YEAR: JAMIE BROWN, KAREN CARAWAN, CHRISTOPHER DERBY, JOHN PHELPS, SETH C. DAVENPORT, THOMAS D. ADAMS AND CODY O. THARP. IN ADDITION, AN ACCRUAL OF THESE BENEFITS WAS $173,025 FOR THE FISCAL YEAR ENDED MARCH 31, 2025. 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 - $5,895, SETH C. DAVENPORT - $136,974, CHRISTOPHER DERBY - $5,295, KAREN CARAWAN - $2,940, THOMAS D. ADAMS - $9,601, CODY O. THARP - $7,280, AND JOHN PHELPS - $5,040. 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 ACTUAL TRANSFER SAN ANTONIO LIVESTOCK EXPOSITION INC N ACTUAL TRANSFER