2025-09-29T16:30:59-05:00 2024-12-31 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2024-01-01 440615551 AMERICAN ROYAL ASSOCIATION INC AMER 8162219800 1701 AMERICAN ROYAL COURT KANSAS CITY MO 64102 PAT MACY MANAGING DIRECTOR 8162219800 2025-09-19 1 1 LISA BURKE P00220718 8169455500 2025-09-19 2024 2025-03-06 01:10:19Z JACKIE MCCLASKEY 1701 AMERICAN ROYAL COURT KANSAS CITY MO 64102 13060321 0 X AMERICANROYAL.COM X 1899 MO TO BE THE NATION'S LEADER FOR FOOD AND AGRICULTURE EDUCATION, EVENTS, AND ENGAGEMENT. 61 61 38 500 0 0 18581571 8060216 3875822 4136675 518574 170237 513537 119684 23489504 12486812 161630 229410 0 0 2533398 2542686 0 0 560523 5482924 5639922 8177952 8412018 15311552 4074794 69018776 175997848 22697023 125563785 46321753 50434063 X OUR MISSION IS TO BE THE NATION'S LEADER FOR FOOD AND AGRICULTURE EDUCATION, EVENTS, AND ENGAGEMENT. 0 0 6828723 229410 4190928 THE AMERICAN ROYAL ASSOCIATION ANNUALLY MANAGES AND HOSTS ONE OF THE NATION'S LARGEST AGRICULTURE EXPOSITIONS INCLUDING LIVESTOCK SHOWS, PRESTIGIOUS HORSE SHOWS, PRCA RODEO, WORLD SERIES OF BARBEQUE CONTEST, AND OTHER SPECIAL EVENTS. THESE EVENTS PROVIDE A FOCUS ON THE REGION'S INHERENT ECONOMIC AND AGRARIAN HERITAGE.(CONTINUED ON SCHEDULE O)THE AMERICAN ROYAL IS THE NATION'S HIGHEST CALIBER LIVESTOCK SHOW PROVIDING A PREMIER EXPERIENCE FOR EXHIBITORS. ROOTED IN OUR LEGACY, WHICH BEGAN IN 1899, WE ARE COMMITTED TO PROVIDING A PLATFORM FOR COMPETITION, SCHOLARSHIPS, AND EDUCATION. THE 125TH AMERICAN ROYAL LIVESTOCK SHOW MAINTAINED NATIONAL PROMINENCE, FEATURING 7,931 ENTRIES FROM 2,422 EXHIBITORS, HAILING FROM 42 STATES. ACCOMPANYING THE LIVESTOCK SHOW WAS A SERIES OF LIVESTOCK, CROP AND MEAT JUDGING CONTESTS, WITH A TOTAL OF 132 TEAMS COMPETING FOR TOP HONORS.EACH YEAR, HUNDREDS OF AMERICA'S YOUTHS BETWEEN THE AGES OF 7 AND 21 TRAVEL FROM ACROSS THE COUNTRY TO KANSAS CITY TO COMPETE AT THE AMERICAN ROYAL LIVESTOCK SHOW AND A SELECT FEW QUALIFY TO SELL THEIR ANIMAL IN THE AMERICAN ROYAL JUNIOR PREMIUM LIVESTOCK AUCTION WHERE THE EXHIBITOR'S PROCEEDS WILL DIRECTLY IMPACT THEIR FURTHER EDUCATION. THESE YOUTHS HAVE WORKED ALL YEAR TO PREPARE THEIR ANIMALS TO BE JUDGED ON A NATIONAL STAGE BY TOP PROFESSIONAL LIVESTOCK JUDGES. AFTER CHAMPIONS WERE CROWNED AND LIVESTOCK WERE PLACED IN THE ROYAL ELITE GRAND DRIVE, TOP EXHIBITORS SOLD THEIR ANIMALS AT THE JUNIOR PREMIUM LIVESTOCK AUCTION. THE RECORD-BREAKING SALE GROSSED $882,588, WITH 62 EXHIBITORS SELLING IN THE SALE. THE AMERICAN ROYAL WORLD SERIES OF BARBECUE, A LONGSTANDING TRADITION IN KANSAS CITY, IS THE LARGEST BARBECUE COMPETITION IN THE WORLD, IN TERMS OF BOTH THE NUMBER OF TEAMS AND THE WINNING PURSE. IT'S KANSAS CITY'S BIGGEST PARTY, WITH LIVE MUSIC, COLD DRINKS, AND OF COURSE MOUTH-WATERING BARBECUE. THERE WERE 444 TEAMS COMPETING FROM 40 STATES AND 8 COUNTRIES.AMERICAN ROYAL EVENTS DRIVE A SIGNIFICANT IMPACT IN THE LOCAL ECONOMY, WITH AN IMPACT OF NEARLY $84 MILLION IN ECONOMIC IMPACT IN 2024. THE AMERICAN ROYAL OFFERS NEARLY 100 SCHOLARSHIPS FOR OUTSTANDING LEADERSHIP AND ACADEMIC EXCELLENCE. SCHOLARSHIPS ARE AWARDED THROUGH APPLICATIONS OR IN THE SHOW ARENA. 6828723 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 1 0 1 0 0 1 0 0 0 0 1 1 0 0 0 1 299 0 1 38 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 61 61 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MO X TIM CARROLL CFO 8165694051 1701 AMERICAN ROYAL COURT KANSAS CITY MO 64102 GORDON LANSFORD BOG CHAIRMAN 1.00 1.00 X X 0 0 0 CHARLIE TETRICK BOG 1ST VICE CHAIRMAN 1.00 1.00 X X 0 0 0 JOHN MITCHELL JR BOG CO-VICE/LIFETIME DIRECTOR 1.00 1.00 X X 0 0 0 CYNTHIA SAVAGE BOG CO-VICE/LIFETIME DIRECTOR 1.00 0.00 X X 0 0 0 ANGIE STANLAND BOG CO-VICE/LIFETIME DIRECTOR 1.00 1.00 X X 0 0 0 KEN WAGNER BOD CHAIRMAN 5.00 0.00 X X 0 0 0 LINDSEY SMITH BOD VICE CHAIR 5.00 0.00 X X 0 0 0 BRAD BENDLE BOD TREASURER 5.00 0.00 X X 0 0 0 WALT GEORGE BOD SECRETARY AND CHAIR-ELECT 5.00 0.00 X X 0 0 0 BRET BOROTA DIRECTOR 1.00 0.00 X 0 0 0 MEGAN BUBB DIRECTOR 1.00 0.00 X 0 0 0 CAROL CARLSON DIRECTOR 1.00 0.00 X 0 0 0 TIM CONGROVE DIRECTOR 1.00 0.00 X 0 0 0 ANDREW FAHEY DIRECTOR 1.00 0.00 X 0 0 0 JOHN FUCHS DIRECTOR 1.00 0.00 X 0 0 0 JIM GAMBLE DIRECTOR 1.00 0.00 X 0 0 0 RICHARD GREEN DIRECTOR 1.00 0.00 X 0 0 0 ALDEN HARRIS DIRECTOR 1.00 0.00 X 0 0 0 KEVIN HEIKES DIRECTOR 1.00 0.00 X 0 0 0 ANGELA HUDSON DIRECTOR 1.00 0.00 X 0 0 0 CARL ICE DIRECTOR 1.00 0.00 X 0 0 0 MARK KOLKHORST DIRECTOR 1.00 0.00 X 0 0 0 ANN KONECNY DIRECTOR 1.00 0.00 X 0 0 0 JOHN LAGEMANN DIRECTOR 1.00 0.00 X 0 0 0 MISSY LOVE DIRECTOR 1.00 0.00 X 0 0 0 ALEX LOWE DIRECTOR 1.00 0.00 X 0 0 0 PAT MACY DIRECTOR 1.00 0.00 X 0 0 0 RUSS MEINHARDT DIRECTOR 1.00 0.00 X 0 0 0 JOHN MONCKE DIRECTOR 1.00 0.00 X 0 0 0 DAVID MORRIS DIRECTOR 1.00 0.00 X 0 0 0 BLAKE NELSON DIRECTOR 1.00 0.00 X 0 0 0 BEN NICHOLS DIRECTOR 1.00 0.00 X 0 0 0 MOLLY OLSON DIRECTOR 1.00 0.00 X 0 0 0 AMY POLEN DIRECTOR 1.00 0.00 X 0 0 0 JEANETTE PRENGER DIRECTOR 1.00 0.00 X 0 0 0 JOE REBEIN DIRECTOR 1.00 0.00 X 0 0 0 RANDY REINHARDT DIRECTOR 1.00 0.00 X 0 0 0 TONY ROHR DIRECTOR 1.00 0.00 X 0 0 0 MIKE ROOS DIRECTOR 1.00 0.00 X 0 0 0 JARA SETTLES DIRECTOR 1.00 0.00 X 0 0 0 MARK STEWART DIRECTOR 1.00 0.00 X 0 0 0 DAVID STOFER DIRECTOR 1.00 0.00 X 0 0 0 SARAH TATE DIRECTOR 1.00 0.00 X 0 0 0 MARK THOMAS DIRECTOR 1.00 0.00 X 0 0 0 TRAE VENERABLE DIRECTOR 1.00 0.00 X 0 0 0 JACK WARD DIRECTOR 1.00 0.00 X 0 0 0 NANCY WILKERSON DIRECTOR 1.00 0.00 X 0 0 0 RYAN WILKERSON DIRECTOR 1.00 0.00 X 0 0 0 JEFF YOWELL DIRECTOR 1.00 0.00 X 0 0 0 MALCOLM ASLIN LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 BRYAN BEAVER LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 HARRY CLEBERG LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 JOHN DILLINGHAM LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 DAVID FOWLER LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 MARY HUNKELER LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 MARINER KEMPER LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 BRANT LAUE LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 PETE LEMKE LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 FRED LYONS LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 GREG MADAY LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 ROBERT PETERSEN LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 JACKIE MCCLASKEY PRESIDENT & CEO 40.00 1.00 X 241441 0 30448 TIM CARROLL CFO 40.00 1.00 X 159968 0 22401 HAROLD BERTZ COO (THRU 5/2024) 40.00 0.00 X 60932 0 4147 SARA BEFORT COO 40.00 0.00 X 111940 0 18457 KYLE VENA VICE PRESIDENT 40.00 0.00 X 189000 0 24975 LAUREN LUHRS DIRECTOR OF PARTNERSHIPS 40.00 0.00 X 103740 0 16852 867021 0 117280 5 0 1 0 JE DUNN CONSTRUCTION 1001 LOCUST STREET KANSAS CITY MO 64106 CONSTRUCTION 54458715 TERRACON CONSULTANTS PO BOX 959673 ST LOUIS MO 63195 CONSTRUCTION CONSULTING 658991 LACY & COMPANY 6400 GLENWOOD SUITE 304 OVERLAND PARK KS 66202 CONSTRUCTION CONSULTING 313500 365 PERSONNEL PO BOX 172317 KANSAS CITY KS 66117 TEMPORARY LABOR 275344 KINETIC INC PO BOX 410046 KANSAS CITY MO 64141 CONSULTING 122009 6 27516 113811 22172 3498666 4398051 248541 8060216 ENTRY FEES 711210 1681355 1681355 OTHER SHOW REVENUES 711210 1323440 1323440 TICKET SALES 711210 588116 588116 AGRICULTURAL SHOW FACILITY RENTAL 711210 373069 373069 MEMBERSHIP DUES 711210 107605 107605 63090 63090 4136675 157827 157827 122792 13491 111880 11993 10912 1498 12410 12410 127834 113811 62403 65431 65431 441486 387233 54253 54253 12486812 4190928 0 235668 X 65250 65250 164160 164160 649734 389840 162433 97461 1506204 1158700 121573 225931 92335 79032 -547 13850 137367 110666 6097 20604 157046 120925 12564 23557 57670 36228 21442 1515 1515 2061231 1644083 306272 110876 150519 146004 1505 3010 755706 576905 154070 24731 32678 30717 1961 663779 623952 39827 47138 42188 4714 236 138410 129931 3109 5370 145224 14522 127798 2904 98397 78717 9840 9840 PREMIUMS PAID 991182 991182 EVENT OPERATIONS 187133 181298 5835 ASSOCIATION FEES 153163 153163 AWARDS, RIBBONS & TROPH 121950 121950 34227 5538 27978 711 8412018 6828723 1022772 560523 2575218 880892 4296529 5276427 348867 1057860 25151 23200 301240 50661 169593460 4387882 57768501 165205578 3366180 3166140 337090 337090 69018776 175997848 22163161 44206594 516416 572586 17446 84605 11000000 0 69700000 22697023 125563785 X 3847391 3501492 42474362 46932571 46321753 50434063 69018776 175997848 X 4074794 31014 6502 X X 0 1 X 1 0 X 8101362 2870588 6281133 18581571 8060216 43894870 8101362 2870588 6281133 18581571 8060216 43894870 19069838 24825032 104062 42659 145873 508134 157827 958555 25457 54981 51564 328821 65431 526254 45379679 19500229 0.54710 0.44880 X SCHECULE A, PART II: 2022 IS A SHORT YEAR DUE TO A CHANGE OF ACCOUNTING PERIOD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 337090 X X 0 2145902 237867 22172 21427 2340170 1925912 304300 65091 19219 2145902 2169050 -211404 20192 11542 1925912 2164899 32306 28155 2169050 1580896 611365 22162 5200 2164899 1.00000 0.00000 0.00000 0 1 1 4656979 4656979 1971193 1559230 411963 1343830 1343830 0 1884892 1484822 400070 159736566 159736566 165205578 X 13118749 31014 352538 449636 833188 12285561 1515 199736 201251 12486812 9206175 352538 443134 795672 8410503 1515 1515 8412018 PART III, LINE 4: THE AMERICAN ROYAL ARTWORK COLLECTION IS COMPRISED OF VARIOUS ARTIFACTS THAT TELL THE STORY NOT ONLY OF THE ASSOCIATION'S RICH HISTORY BUT ALSO OF KANSAS CITY'S ROLE IN THE AGRICULTURE INDUSTRY, LIVESTOCK AND EQUINE EVENTS, AND BBQ. THE ARTWORK IS USED AS POWERFUL VISUAL TOOL WHEN HOSTING THE VARIOUS STUDENT GROUPS AND OTHER VISITORS FROM AROUND THE COUNTRY. PART V, LINE 4: THE ORGANIZATIONS' ENDOWMENT FUNDS ARE HELD AND ADMINISTERED BY THE AMERICAN ROYAL ASSOCIATION CHARITABLE FOUNDATION TRUST FOR THE AMERICAN ROYAL ASSOCIATION, INC. THE ENDOWMENT CONSISTS OF THREE FUNDS DESIGNATED BY THE GOVERNING BODY TO FUNCTION AS ENDOWMENTS (BOARD-DESIGNATED QUASI ENDOWMENT FUNDS). THE ORGANIZATIONS HAVE ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS AND OTHER ITEMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT. THE ASSOCIATION EXPECTS TO SPEND ALL EARNINGS ON THE ENDOWMENT FUNDS ANNUALLY AND CAN SPEND 10 PERCENT OF THE PRINCIPAL OF ENDOWMENT ANNUALLY. ANY PORTION OF INVESTMENT RETURN THAT IS NOT DISTRIBUTED FOR A PARTICULAR CALENDAR YEAR WILL BE ADDED TO THE PRINCIPAL. PART X, LINE 2: THE ASSOCIATION AND FOUNDATION ARE NONPROFIT EDUCATIONAL AND CHARITABLE ORGANIZATIONS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND A SIMILAR PROVISION OF STATE LAW. THE ASSOCIATION QUALIFIES FOR THE MAXIMUM CHARITABLE CONTRIBUTION LIMITATION AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION SINCE IT HAS BEEN DETERMINED TO BE A PUBLICLY SUPPORTED ORGANIZATION, AS DESCRIBED IN 509(A)(2) OF THE CODE. THE FOUNDATION QUALIFIED FOR THE MAXIMUM CHARITABLE CONTRIBUTION LIMITATION AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION BECAUSE IT HAS BEEN DETERMINED TO BE A SUPPORTING ORGANIZATION OF THE ASSOCIATION, AS DESCRIBED IN SECTION 509(A)(3) OF THE CODE. HOWEVER, THE ASSOCIATION AND FOUNDATION ARE SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE ORGANIZATIONS DID NOT HAVE ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2024. THE ORGANIZATIONS ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NET WITH REVENUE ON FORM 990 387,233. SPECIAL EVENT EXPENSES NET WITH REVENUES ON FORM 990 62,403. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT INCOME REPORTED AS A CHANGE IN NET ASSETS IN FINANCIAL STATEMENTS 198,238. GAIN ON SALE OF PROPERTY AND EQUIPMENT 1,498. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NET WITH REVENUE ON FORM 990 387,233. SPECIAL EVENT EXPENSES NET WITH REVENUES ON FORM 990 62,403. WRITE OFF OF GRANTS PAYABLE -6,502. TABLESTEAKS 150676 112106 38570 7545 12856 2404 5034 SPORTING CLAY SHOOT 68328 1705 66623 9777 8539 6415 1 22641 22641 6446 900 2487 241645 113811 127834 17322 27841 3304 13936 62403 65431 1 THE COTERIE INC 2401 GRAND STE 270 KANSAS CITY MO 64108 431184597 501(C)(3) 60000 0 N/A N/A 125TH ANNIVERSARY PRODUCTION 1 0 SCHOLARSHIPS 85 164160 0 N/A N/A PART I, LINE 2: SCHEDULE I, PART II: IN 2024, THE AMERICAN ROYAL ASSOCIATION PARTNERED WITH THE COTERIE THEATRE FOR A PRODUCTION TITLED "HORSE POWER: TOM BASS' AMERICAN STORY." THE TWO PARTNERED ON THE PRODUCTION AS PART OF THE AMERICAN ROYAL'S 125TH ANNIVERSARY. IT SHOWCASED THE LEGACY OF TOM BASS, A MISSOURI-BORN SLAVE WHO OVERCAME ADVERSITY THROUGHOUT HIS LIFE TO BECOME A WORLD-RENOWNED HORSEMAN. BASS HAD A UNIQUE TALENT FOR TRAINING AND SHOWING HORSES. HE WAS A CO-FOUNDER OF THE FIRST AMERICAN ROYAL HORSE SHOW IN 1905 AND WAS HIGHLY COMPETITIVE IN THE AMERICAN ROYAL EQUINE EVENTS FOR YEARS TO COME. SCHEDULE I, PART III: AS PART OF THE AMERICAN ROYAL ASSOCIATION'S MISSION, SCHOLARSHIPS ARE AWARDED BASED ON RESULTS OF PLACING IN SELECT SHOWS AND COMPETITIONS, WHILE SOME ARE AWARDED BASED ON SELECTION BY A COMMITTEE UPON SUBMISSION OF AN APPLICATION. FUNDS ARE DISPERSED DIRECTLY AND PAYABLE TO THE INSTITUTE OF HIGHER EDUCATION. A LETTER IS SENT WITH ALL CHECKS TO THE UNIVERSITY/COLLEGE INDICATING FUNDS ARE TO BE USED FOR FEES, INCLUDING TUITION, BOOKS, HOUSING, ETC. FOR THE DESIGNATED STUDENT WITH ANY EXCESS FUNDS TO BE RETURNED TO THE AMERICAN ROYAL ASSOCIATION. CURRENTLY, ALL SCHOLARSHIPS ARE A ONE-TIME PAYOUT AND DO NOT REQUIRE ANY FURTHER MONITORING FOR RENEWAL. X 0 0 0 0 0 0 0 0 0 JACKIE MCCLASKEY PRESIDENT & CEO 241441 0 0 0 0 0 21735 0 8713 0 271889 0 0 0 KYLE VENA VICE PRESIDENT 189000 0 0 0 0 0 16719 0 8256 0 213975 0 0 0 TIM CARROLL CFO 159968 0 0 0 0 0 14397 0 8004 0 182369 0 0 0 LINDSEY SMITH BOD VICE CHAIR SEE PART V X 11000000 11000000 0 1 1 11000000 GORDON LANSFORD DIRECTOR 98060634 SEE PART V 0 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: (C) DURING THE YEAR ENDED DECEMBER 31, 2024, THE ASSOCIATION ENTERED INTO A PROMISSORY NOTE AGREEMENT WITH LINDSEY PATTERSON SMITH REVOCABLE TRUST WITH A PRINCIPAL SUM OF $11,000,000 FOR ONGOING CONSTRUCTION. THIS NOTE CARRIES INTEREST AT A VARIABLE ANNUAL PERCENTAGE RATE. LINDSEY SMITH, BOD VICE CHAIR, IS A > 35% OWNER OF THE TRUST. SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (D) AMERICAN ROYAL ASSOCIATION INCURRED COSTS FOR CONSTRUCTION WORK PERFORMED BY JE DUNN CONSTRUCTION IN CONJUNCTION WITH BUILDING THE ORGANIZATION'S NEW CAMPUS IN KANSAS CITY, KS. GORDON LANSFORD SERVES ON THE BOARD OF AMERICAN ROYAL ASSOCIATION AND IS CEO OF JE DUNN CONSTRUCTION, A COMPANY OWNED BY MR. LANSFORD'S FAMILY, BUT NOT HIM PERSONALLY. X 1 248541 STOCK QUOTE 0 0 1 1 PART I, COLUMN (B): THE AMOUNT ON LINE 9, COLUMN (B) REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: AMERICAN ROYAL ASSOCIATION WORKS WITH UMB BANK TO LIQUIDATE ANY DONATED SECURITIES TO CASH. FORM 990, PART VI, SECTION A, LINE 1A BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE POWER AND AUTHORITY OF THE BOARD OF DIRECTORS, WITH THE EXCEPTION OF SPECIFIC ACTS SET FORTH IN THE BYLAWS, INCLUDING BUT NOT LIMITED TO THE POWER TO AMEND THE BYLAWS OR ARTICLES OF AGREEMENT AND THE POWER TO DISSOLVE THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION IS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF GOVERNORS CONSISTS OF MEMBERS OF THE ASSOCIATION. EACH MEMBER OF THE ASSOCIATION IS ENTITLED TO ONE VOTE AT THE ANNUAL BOARD OF GOVERNORS MEETING. THE GOARD OF GOVERNORS ELECTS ANNUALLY FROM ITS MEMBERSHIP A CHAIRMAN, A FIRST VICE CHAIRMAN, AND ONE OR MORE ADDITIONAL VICE CHAIRMAN. THE BOARD OF GOVERNORS ANNUALLY ELECTS REGULAR MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY ALL MEMBERS OF THE AUDIT AND FINANCE COMMITTEE PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND BOARD MEMBERS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, DISCLOSE ANY POSSIBLE CONFLICTS, AND ACKNOWLEDGE BY HIS OR HER SIGNATURE. ALL POSSIBLE CONFLICTS ARE REVIEWED AND ANY MEMBERS WITH ACTUAL OR POTENTIAL CONFLICTS ARE REQUIRED TO REFRAIN FROM VOTING ON RECOMMENDATIONS, TRANSACTIONS, OR ACTIONS AND SHALL RECUSE THEMSELVES AND LEAVE THE MEETING ROOM AT THE TIME OF A VOTE RELATED TO SUCH RECOMMENDATIONS OR TRANSACTIONS. ALL TRANSACTIONS ARE CONDUCTED AT ARM'S LENGTH. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE, COMPRISED OF MEMBERS OF THE GOVERNING BODY, SETS COMPENSATION FOR THE PRESIDENT & CEO. COMPENSATION IS DETERMINED USING MARKET RESEARCH ON SIMILAR POSITIONS FROM VARIOUS ONLINE SOURCES SUCH AS LINKEDIN, PROFESSIONAL SITES, AND CURRENT JOB POSTINGS IN THE AREA. THE CHAIRMAN OF THE BOARD OF DIRECTORS APPROVES COMPENSATION FOR THE PRESIDENT & CEO. THE PRESIDENT & CEO APPROVES COMPENSATION FOR ALL OTHER OFFICERS AND EMPLOYEES USING THE SAME PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE AMERICAN ROYAL ASSOCIATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 1,644,083. MANAGEMENT AND GENERAL EXPENSES 134,029. FUNDRAISING EXPENSES 8,935. TOTAL EXPENSES 1,787,047. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 172,243. FUNDRAISING EXPENSES 101,941. TOTAL EXPENSES 274,184. FORM 990, PART XI, LINE 9: WRITE OFF OF GRANTS PAYABLE 6,502. FORM 990, PART XII, LINE 2C: THE AUDIT AND FINANCE COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. AMERICAN ROYAL ASSOCIATION CHARITABLE FOUNDATION TRUST 1701 AMERICAN ROYAL COURT KANSAS CITY MO 64102 436457341 TO SUPPORT THE ACTIVITIES OF AMERICAN ROYAL ASSOCIATION, INC. MO 501(C)(3) LINE 12A, I AMERICAN ROYAL ASSOCIATION INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0