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        <Desc>ACCRUED SALES TAX</Desc>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>DANIEL STARK</PersonNm>
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        <DeferredCompensationFlngOrgAmt>17250</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>6849</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>419785</TotalCompensationFilingOrgAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>CHELSEA GOOD</PersonNm>
        <TitleTxt>VP - GOVERNMENT AFRS</TitleTxt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>FORREST MANGAN</PersonNm>
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        <PersonNm>CRAIG TAYLOR</PersonNm>
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        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>LIVESTOCK MARKETING ASSOCIATION IS COMMITTED TO THE SUPPORT AND PROTECTION OF THE LOCAL LIVESTOCK AUCTION MARKETS. AUCTIONS ARE A VITAL PART OF THE LIVESTOCK INDUSTRY, SERVING PRODUCERS AND ASSURING A FAIR, COMPETITIVE PRICE THROUGH THE AUCTION METHOD OF SELLING. LMA IS THE VOICE FOR THE AUCTION MARKETS ON LEGISLATIVE AND REGULATORY ISSUES AND IN PROVIDING MEMBER SERVICES TO MAINTAIN SUCCESSFUL, VIABLE MARKETING BUSINESSES AND BETTER SERVICE TO ALL OF THE LIVESTOCK PRODUCERS WHO SELL AT AUCTION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4D</FormAndLineReferenceDesc>
        <ExplanationTxt>WORLD LIVESTOCK AUCTIONEER CHAMPIONSHIP TO SPOTLIGHT NORTH AMERICA'S TOP LIVESTOCK ACUTIONEERS AND TO SALUTE THEIR TRADITIONALLY IMPORTANT ROLE IN THE COMPETITIVE LIVESTOCK MARKETING PROCESS. THE CHAMPIONSHIP CONSISTS OF THREE STAGES, REGIONALS, SEMI-FINALS, AND FINALS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
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        <ExplanationTxt>THE ORGANIZATION HAS APPROXIMATELY 836 MEMBERS</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD REPRESENTATION IS DIVIDED INTO REGIONS AND BOARD REPRESENTATION FROM EACH REGION IS VOTED ON BY THE ORGANIZATIONS FULL MEMBERSHIP</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>FORM 990 PREPARED BY INDEPENDENT CPA THEN REVIEWED BY CHIEF FINANCIAL OFFICER FOR ACCURACY</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>INTERNAL COUNSEL FOR THE ORGANIZATION REVIEWS THE WRITTEN CONFLICT OF INTEREST POLICY WITH THE OFFICERS, DIRECTORS AND KEY EMPLOYEES BEFORE THE POLICY IS SIGNED AND (IF ANY) CONFLICTS DISCLOSED. COUNSEL FOLLOWS UP ON ANY CONFLICTS AND TAKES APPROPRIATE ACTION TO RESOLVE THE CONFLICT.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>CEO HAS AN EMPLOYMENT CONTRACT WHICH IS SET AND APPROVED BY THE EXECUTIVE BOARD</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>TOTAL SALARIES OF THE ORGAINZATION ARE APPROVED BY THE EXECTIVE BOARD</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES THESE STATEMENTS AVAILABLE TO THE PUBLIC BY DESIGNATING THE CFO AS THE CONTACT PERSON FOR ALL REQUESTS. THE CFO HAS ACCESS TO ALL DOCUMENTS AND UNDERSTANDS THE IRS PROCEDURES FOR MAKING THE DOCUMENTS AVAILABLE.</ExplanationTxt>
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