Wade Busby Memorial in Marion, Texas (TX)

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Wade Busby Memorial
Employer Identification Number (EIN)208716151
Name of OrganizationWade Busby Memorial
AddressPO BOX 736, Marion, TX 78124-0736
SubsectionCharitable Organization, Educational Organization
Ruling Date08/2007
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$139,042
Amount of Income$165,179
Form 990 Revenue Amount$131,522
National Taxonomy of Exempt Entities (NTEE)Youth Development: Youth Development - Agricultural


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Amount of income in 2013: $165,179 (it was $126,806 in 2012)
Wade Busby Memorial: 

 $165,179
Other organizations performing similar types of work: 

 $77,430

Assets in 2013: $139,042 (it was $102,368 in 2012)
Wade Busby Memorial: 

 $139,042
Other organizations performing similar types of work: 

 $51,646

Expenses in 2013: $94,848
Wade Busby Memorial: 

 $94,848
Other organizations performing similar types of work: 

 $49,834

Income to expenses ratio in 2013: 1.7
Wade Busby Memorial: 

 1.7
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2013: 65.9%
Wade Busby Memorial: 

 65.9%
Other organizations performing similar types of work: 

 63.1%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2010201120122013
Total revenue$86,695$100,589$95,517$131,522
Contributions, gifts, grants, and similar amounts received$49,618$55,695$64,103$86,660
Program service revenue including government fees and contracts$0$0$0$0
Membership dues and assessments$0$0$0$0
Investment income$127$173$123$77
Gain/Loss from sale of assets other than inventory$0$0$0$0
Net income/loss from gaming and fundraising events$36,950$44,721$31,291$44,785
Gross income from gaming$0$0$0$0
Gross income from fundraising events$59,262$72,577$62,580$78,442
Less: direct expenses from gaming and fundraising events$22,312$27,856$31,289$33,657
Gross profit/loss from sales of inventory$0$0$0$0
Other revenue$0$0$0$0
Total expenses$67,590$89,541$95,578$94,848
Total net assets$91,381$102,429$102,368$139,042
Excess/Deficit for the year$19,105$11,048$-61$36,674
Net assets or fund balances at beginning of year$72,276$91,381$102,429$102,368
Other changes in net assets or fund balances$0$0$0$0
Net assets or fund balances at end of year$102,368$139,042
Balance Sheets
2010201120122013
Total assets$91,381$102,429$102,368$139,042
Total liabilities$0$0$0$0
Net assets or fund balances$91,381$102,429$102,368$139,042
Other Information
2010201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities$0$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$615,008
Subtotal$615,008
Gifts, grants, contributions, and membership fees received$307,038
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Gross receipts from activities that are not an unrelated trade or business under section 513$307,970
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$615,639
Public support$615,008
Subtotal$631
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$631
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Karnes County Youth ShowPO BOX 590, Runge, TX 78151-0590TX2009-02$1,006,327
2Travis County Youth Show IncPO BOX 1110, Manor, TX 78653-1110TX2006-05$642,942
3Erath County Junior Livestock Show Inc17378 N State Highway 108, Stephenville, TX 76401-9213TX2015-03$402,510
4Uvalde County Junior Livestock Show AssociationUvalde County Courthouse, Uvalde, TX 78802TX1996-02$383,176
5Moore County Jr Livestock AssocPO BOX 581, Dumas, TX 79029-0581TX2013-09$366,168
6Lampasas County Livestock Association IncPO BOX 504, Lampasas, TX 76550-0031TX2012-06$363,275
7Williamson County Livestock AssociationPO BOX 530, Georgetown, TX 78627-0530TX2015-01$350,617
8Austin Youth & Community Farm Inc, Urban Roots2921 W 17th St Bldg D Ste 4, Austin, TX 78702TX2012-11$328,067
9Potter County Junior Livestock AssociationPO BOX 30399, Amarillo, TX 79120-0399TX1999-07$241,825
10Hemphill County Jr Livestock ShowPO BOX 182, Canadian, TX 79014-0182TX2013-10$238,647
11Big Bend Livestock Show Association IncPO BOX 1342, Alpine, TX 79831-1342TX2010-12$234,323
12Yoakum Project Show IncPO BOX 492, Yoakum, TX 77995-0492TX2014-03$224,998
13Lubbock County Junior Livestock Association8708 N Fm 1264, Lubbock, TX 79415-7624TX2014-08$183,563
14Montague County Youth FairPO BOX 136, Montague, TX 76251-0136TX2013-04$178,936
15Wade Busby MemorialPO BOX 736, Marion, TX 78124-0736TX2007-08$165,179
16Littlefield Area Jr Livestock Show & SaleCourthouse 100 6th Dr, Littlefield, TX 79339TX2012-04$138,515
17S A Corral Club2812 Berry Trce, Schertz, TX 78154-5404TX1997-08$118,483
18Rusk County Youth Project IncPO BOX 2392, Henderson, TX 75653-2392TX2004-03$102,899
19Wise County Youth Fair IncPO BOX 1062, Decatur, TX 76234-6062TX2007-01$91,021
20Tri-State Karting IncPo Box 7565, Amarillo, TX 79114-7565TX1997-01$84,354
Number of organizations performing similar types of work
Alabama9
Arkansas17
Arizona5
California41
Colorado14
Connecticut3
Delaware4
Florida71
Georgia6
Hawaii3
Iowa14
Idaho7
Illinois888
Indiana1,534
Kansas9
Kentucky18
Louisiana45
Massachusetts57
Maryland83
Maine3
Michigan1,500
Minnesota922
Missouri12
Mississippi1
Montana140
North Carolina151
Nebraska641
New Hampshire6
New Jersey386
New Mexico4
Nevada4
New York11
Ohio1,275
Oklahoma14
Oregon38
Pennsylvania10
South Carolina1
South Dakota4
Tennessee4
Texas112
Utah4
Virginia22
Vermont2
Washington13
Wisconsin1,157
West Virginia858
Wyoming178
Total10,301

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