Nonprofit · EIN 75-2262840
ANDERSON COUNTY YOUTH LIVESTOCK ASSOCIATION INC
Tax-exempt (reinstated) · PALESTINE, TX 75802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $911,611 | $1,107,052 | -$195,441 | $691,277 | $0 | $691,277 |
| August 31, 2024 | 990 | $869,494 | $662,689 | $206,805 | $886,718 | $0 | $886,718 |
| August 31, 2023 | 990 | $853,580 | $816,570 | $37,010 | $679,913 | $0 | $679,913 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $172,475
- Membership dues
- $725
- Program service revenue
- $736,021
- Investment income
- $115
- Net rental income
- $3,000
- Other revenue
- $3,000
Expenses
- Grants and similar amounts paid
- $39,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $12,386
- Occupancy
- $25,114
- Depreciation
- $17,268
- Program services (functional)
- $1,092,063
- Management and general (functional)
- $14,989
Balance sheet and other
- Total assets, start of year
- $886,718
- Total assets, end of year
- $691,277
- Total liabilities, end of year
- $0
- Net assets, end of year
- $691,277
- Land, buildings and equipment
- $388,049
- Net assets without donor restrictions
- $691,277
- Gross receipts
- $1,152,234
- Employees
- 0
- Volunteers
- 150
- Year formed
- 1989
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIMMY RAY | PRESIDENT Trustee or director, Officer | 10 | $0 |
| LORI TURNER | VICE-PRESIDENT Trustee or director, Officer | 10 | $0 |
| AMY JONES | SECRETARY Trustee or director, Officer | 10 | $0 |
| MICHAEL BENNETT | TREASURER Trustee or director, Officer | 10 | $0 |
| SUSIE BENNETT | DIRECTOR Trustee or director | 0 | $0 |
| TROY COLLINS | DIRECTOR Trustee or director | 0 | $0 |
| KARRIE COX | DIRECTOR Trustee or director | 0 | $0 |
| SHANE BRITTON | DIRECTOR Trustee or director | 0 | $0 |
| KENT PICKLE | DIRECTOR Trustee or director | 0 | $0 |
| JORDAN MCINNIS | DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL FRANKLIN | DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL KILLOUGH | DIRECTOR Trustee or director | 0 | $0 |
| CANDANCE STEVENS | DIRECTOR Trustee or director | 0 | $0 |
| JERRY SUTTOTH | DIRECTOR Trustee or director | 0 | $0 |
| BRIAN WALSH | DIRECTOR Trustee or director | 0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG WALTHALL | DIRECTOR Trustee or director | 0 | $0 |
| CORY BROWN | DIRECTOR Trustee or director | 0 | $0 |
| RILEY WEBB | DIRECTOR Trustee or director | 0 | $0 |
| JOSH MCMEANS | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended August 31, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIMMY RAY | PRESIDENT Trustee or director, Officer | 10 | $0 |
| TODD RICHARDS | VICE-PRESIDENT Trustee or director, Officer | 10 | $0 |
| AMY JONES | SECRETARY Trustee or director, Officer | 10 | $0 |
| MICHAEL BENNETT | TREASURER Trustee or director, Officer | 10 | $0 |
| SUSIE BENNETT | DIRECTOR Trustee or director | 0 | $0 |
| TROY COLLINS | DIRECTOR Trustee or director | 0 | $0 |
| KARRIE COX | DIRECTOR Trustee or director | 0 | $0 |
| SHANE BRITTON | DIRECTOR Trustee or director | 0 | $0 |
| KENT PICKLE | DIRECTOR Trustee or director | 0 | $0 |
| BUD RICHARDS | DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL FRANKLIN | DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL KILLOUGH | DIRECTOR Trustee or director | 0 | $0 |
| CANDANCE STEVENS | DIRECTOR Trustee or director | 0 | $0 |
| JERRY SUTTOTH | DIRECTOR Trustee or director | 0 | $0 |
| BRIAN WALSH | DIRECTOR Trustee or director | 0 | $0 |
| GREG WALTHALL | DIRECTOR Trustee or director | 0 | $0 |
| CORY BROWN | DIRECTOR Trustee or director | 0 | $0 |
| RILEY WEBB | DIRECTOR Trustee or director | 0 | $0 |
| CHARLI DICKSON | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended August 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIMMY RAY | PRESIDENT Trustee or director, Officer | 10 | $0 |
| TODD RICHARDS | VICE-PRESIDENT Trustee or director, Officer | 10 | $0 |
| AMY JONES | SECRETARY Trustee or director, Officer | 10 | $0 |
| MICHAEL BENNETT | TREASURER Trustee or director, Officer | 10 | $0 |
| SUSIE BENNETT | DIRECTOR Trustee or director | 0 | $0 |
| TROY COLLINS | DIRECTOR Trustee or director | 0 | $0 |
| KARRIE COX | DIRECTOR Trustee or director | 0 | $0 |
| SHANE BRITTON | DIRECTOR Trustee or director | 0 | $0 |
| KENT PICKLE | DIRECTOR Trustee or director | 0 | $0 |
| BUD RICHARDS | DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL FRANKLIN | DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL KILLOUGH | DIRECTOR Trustee or director | 0 | $0 |
| CANDANCE STEVENS | DIRECTOR Trustee or director | 0 | $0 |
| JERRY SUDDUTH | DIRECTOR Trustee or director | 0 | $0 |
| BRIAN WALSH | DIRECTOR Trustee or director | 0 | $0 |
| GREG WALTHALL | DIRECTOR Trustee or director | 0 | $0 |
| CORY BROWN | DIRECTOR Trustee or director | 0 | $0 |
| JORDON McINNIS | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 59, PALESTINE, TX 75802-0059
- Principal officer (990 for 2024)
- MICHAEL BENNETT, PO BOX 59, PALESTINE, TX 758020059
- Signed the 990
- MICHAEL BENNETT, SEC-TREAS
- Phone
- (903) 729-8046
- Return prepared by
- Frank Campos & Associates PLLC
Mission
THE ORGANIZATION PROMOTES YOUTH INTEREST IN AGRICULTURE BY HOLDING A LIVESTOCK AUCTION ANNUALLY FOR ANIMALS RAISED BY YOUTH PARTICIPANTS WITHIN SPECIFIED SHOW GUIDELINES. PROCEEDS FROM THE AUCTION AND OTHER RELATED ACTIVITIES ARE PAID TO THE PARTICIPATING YOUTHS, LESS A SMALL PERCENTAGE FOR OPERATING EXPENSES, TO BE USED FOR THE PARTICIPANTS EDUCATION EXPENSES. SCHOLARSHIPS ARE ALSO AWARDED FROM THE FUNDS RAISED.
Program accomplishments
- THE ORGANIZATION PROMOTES YOUTH INTEREST IN AGRICULTURE BY HOLDING A LIVESTOCK AUCTION ANNUALLY FOR ANIMALS RAISED BY YOUTH PARTICIPANTS WITHIN SPECIFIED SHOW GUIDELINES. PROCEEDS FROM THE AUCTION ARE RETURNED TO THE PARTICIPATING YOUTHS, LESS A SMALL AMOUNT RETAINED FOR OPERATING EXPENSES, TO BE USED FOR THE PARTICIPANTS EDUCATION EXPENSES. SCHOLARSHIPS ARE ALSO AWARDED FROM THE FUNDS RAISED.Expenses $1,092,063 · grants $39,000 · revenue $739,136
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 75-2262840
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O52)
- Assets (IRS master file)
- $691,277
- Income (IRS master file)
- $1,152,234
Revocation and reinstatement
- Exemption revoked
- January 15, 2011
- Posted by the IRS
- September 7, 2011
- Reinstated
- Effective January 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $911,611 | $1,107,052 | $691,277 | XML |
| 990 | August 2024 | $869,494 | $662,689 | $886,718 | XML |
| 990 | August 2023 | $853,580 | $816,570 | $679,913 | XML |
| 990 | August 2022 | $714,930 | $613,185 | $642,904 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-2262840).
Questions about ANDERSON COUNTY YOUTH LIVESTOCK ASSOCIATION INC
- What is the EIN of ANDERSON COUNTY YOUTH LIVESTOCK ASSOCIATION INC?
- The employer identification number (EIN) of ANDERSON COUNTY YOUTH LIVESTOCK ASSOCIATION INC is 75-2262840.
- Is ANDERSON COUNTY YOUTH LIVESTOCK ASSOCIATION INC tax-exempt?
- Yes. The IRS revoked its exemption on January 15, 2011 and reinstated it effective January 15, 2011.
- Are donations to ANDERSON COUNTY YOUTH LIVESTOCK ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ANDERSON COUNTY YOUTH LIVESTOCK ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ANDERSON COUNTY YOUTH LIVESTOCK ASSOCIATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ANDERSON COUNTY YOUTH LIVESTOCK ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of ANDERSON COUNTY YOUTH LIVESTOCK ASSOCIATION INC?
- The 990 for the year ended August 31, 2025 names MICHAEL BENNETT.
- Who are the officers and directors of ANDERSON COUNTY YOUTH LIVESTOCK ASSOCIATION INC?
- The 990 for the year ended August 31, 2025 lists 19 people; 0 received compensation from the organization.
- How much revenue does ANDERSON COUNTY YOUTH LIVESTOCK ASSOCIATION INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $911,611, expenses of $1,107,052 and total assets of $691,277 at year end.
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