2025-02-02T17:23:50-06:00 2023-12-31 203992693 RANDY WALKER & CO 7800 IH 10 WEST STE 505 SAN ANTONIO TX 78230 990 2023-01-01 741457036 BEEFMASTER BREEDERS UNITED BEEF 2107323132 3833 SOUTH TEXAS AVE 276 BRYAN TX 77802 LANCE BAUER PHD EXECUTIVE VICE PRESIDENT 2107323132 2025-01-31 1 1 RANDY L WALKER CPA P00963779 2103669430 2023 2025-03-06 01:10:19Z LANCE BAUER PHD 3833 SOUTH TEXAS AVE 276 BRYAN TX 77802 1781076 0 X WWW.BEEFMASTERS.ORG X 1961 TX IMPROVE THE BEEFMASTER BREED 16 16 11 250 0 0 0 0 1503805 1393926 253284 0 102451 264627 1859540 1658553 0 0 0 0 535157 622970 0 0 0 1139673 1036607 1674830 1659577 184710 -1024 1458621 1425944 309924 183091 1148697 1242853 TO ENHANCE BREEDERS' ABILITY TO RAISE AND PROMOTE CATTLE 0 0 COSTS INCURRED BY BEEFMASTER BREEDERS UNITED [BBU] ARE FOR THE PRINCIPLE PURPOSE OF IMPROVING THE BEEFMASTER BREED OF CATTLE. SERVICES INCLUDE CATTLE CERTIFICATION, CLASSIFICATION, TRANSFERS AND OTHER MISCELLANEOUS PROGRAMS. THE BBU HAS 4,000 MEMBERS. THE OFFICIAL MAGAZINE OF THE ORGANIZATION IS THE BEEFMASTER COWMAN. 0 0 0 1 0 0 0 0 0 1 0 1 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 11 1 0 0 0 0 1 1 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X X THE ORGANIZATION 2107323132 3833 SOUTH TEXAS AVE 276 BRYAN TX 77802 X TY AGEE DIRECTOR 3.00 X 0 0 0 LORENZO LASATER DIRECTOR 3.00 X 0 0 0 KITO SAENZ DIRECTOR 3.00 X 0 0 0 RUBEN GUTIERREZ DIRECTOR 3.00 X 0 0 0 DAVE LOFTIN DIRECTOR 3.00 X 0 0 0 LAUREN LYSSY DIRECTOR 3.00 X 0 0 0 RONNIE TEAGUE DIRECTOR 3.00 X 0 0 0 DEBBIE CHEATHAM DIRECTOR 3.00 X 0 0 0 CLAY HOWELL DIRECTOR 3.00 X 0 0 0 CLARK JONES DIRECTOR 3.00 X 0 0 0 MIKE MOSS DIRECTOR 3.00 X 0 0 0 DEREK THOMPSON PRESIDENT 15.00 1.00 X X 0 0 0 TREY SCHERER VICE PRESIDENT 3.00 1.00 X X 0 0 0 CINDY EMMONS SECRETARY 3.00 1.00 X X 0 0 0 RAY WALTHER TREASURER 3.00 1.00 X X 0 0 0 LARRY MEACHAM EX-OFFICIO 15.00 1.00 X X 0 0 0 DR JOE W MASK EXECUTIVE VICE PRESIDENT 40.00 1.00 X 134346 0 0 134346 0 0 1 1 0 0 0 CERTIFICATES AND TRANS 900099 691831 691831 DNA TYPING 900099 325821 325821 MEMBERSHIP DUES 900099 272230 272230 OTHER PROGRAM REVENUE 900099 104044 104044 1393926 150050 122523 27527 27527 OTHER INCOME 900099 154502 154502 BEEFMASTER CATTLEMEN L 110000 82598 82598 237100 1658553 1476524 0 182029 134346 416619 27188 44817 70511 257954 83340 17274 45304 84596 20836 1390 37859 35716 MEMBERS SERVICES 318735 BANK FEES 35433 POSTAGE 27659 1659577 117126 51986 761124 795334 90103 68816 117822 0 54841 45739 447394 341990 92588 105404 119631 244062 105386 114603 1458621 1425944 119725 55204 52374 47174 19327 0 118498 80713 309924 183091 X 1142808 1236964 5889 5889 1148697 1242853 1458621 1425944 -1024 95180 0 X X 0 0 0 0 1 0 7270 7270 0 235127 182542 52585 204997 152178 52819 105404 LIMITED PARTNERSHIP INVESTMENT 244062 C 244062 OTHER RECEIVABLES 34990 OPERATING LEASE RIGHT-OF-USE ASSET 67044 FINANCE LEASE RIGHT-OF-USE ASSETS - NET 12569 114603 CAPITAL LEASE OBLIGATION 80713 80713 X 1658553 0 1658553 0 1658553 1659577 0 1659577 0 1659577 PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE (THE CODE), AS OUTLINED IN A LETTER DATED SEPTEMBER 24, 1962, AND IS THEREFORE EXEMPT FROM FEDERAL INCOME TAX ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REQUIRES RECOGNITION AND DISCLOSURE OF UNCERTAIN TAX POSITIONS IN THE FINANCIAL STATEMENTS. UNDER ASC 740-10, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED. THE ORGANIZATION'S MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND THAT IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS. ACCORDINGLY, IT WILL NOT RECOGNIZE ANY RELATED LIABILITY. FOR THE SEVENTEEN MONTHS ENDED DECEMBER 31, 2023, THE ORGANIZATION DID NOT RECOGNIZE ANY INTEREST OR PENALTIES. AS OF DECEMBER 31, 2023, THE TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES BEGIN WITH 2020. SPECIAL EVENT 150050 150050 122523 150050 150050 122523 122523 27527 0 0 0 DR JOE W MASK EXECUTIVE VICE PRESIDENT 131796 0 2550 0 0 0 0 0 0 0 134346 0 0 0 SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION BEEFMASTER BREEDERS UNITED 3833 SOUTH TEXAS AVE 276 BRYAN, TX 77802 EMPLOYER IDENTIFICATION NUMBER: 74-1457036 FOR THE YEAR ENDING DECEMBER 31, 2023 BEEFMASTER BREEDERS UNITED IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE VICE PRESIDENT REVIEWS THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY IS PROVIDED TO OFFICERS AND DIRECTORS TO BE READ, SIGNED AND RETURNED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS AND APPROVES THE SALARY FOR THE EXECUTIVE VICE PRESIDENT [EVP] AND COMPARES THE AMOUNT TO SIMILAR ORGANIZATIONS. THE BOARD REVIEWS THE EVP'S COMPENSATION EVERY YEAR IN DECEMBER. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE PRESENTED TO MEMBERS AT QUARTERLY MEETINGS. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S PROCESS FOR ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR HAVE NOT CHANGED FROM THE PREVIOUS YEAR. BEEFMASTER BREEDERS UNIVERSAL BRIAN MURPHY MEMORIAL SCHOLARSHIP FUND 3833 SOUTH TEXAS AVE 276 BRYAN TX 77802 746376095 SCHOLARSHIPS TX 501(C)(3) PF 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0