Overview
What is Shorthorn Foundation?
The Shorthorn Foundation, situated in Van Alstyne, Texas (1800 Lovers Leap Lane), is a nonprofit organization dedicated to promoting animal science and livestock production. They achieve this goal by organizing and conducting workshops, conferences, and conventions to educate the public on related matters. In addition, the foundation sponsors or conducts studies and research on scientific aspects affecting livestock production and animal science. By doing so, they contribute to a better understanding and advancement of these fields.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Shorthorn Foundation has received a moderate rating, indicating that while it performs well in certain areas, there are opportunities for improvement. The organization boasts a high Program Expense Ratio of 96.17%, demonstrating a strong commitment to directing funds toward its programs rather than administrative costs. Additionally, the foundation has an entirely independent board, which enhances governance and accountability.
Strengths include the absence of material diversion of assets and the maintenance of comprehensive board meeting minutes, contributing to transparency. The Liabilities to Assets Ratio is also notably low at 0.00%, suggesting financial stability. However, despite these strengths, the overall rating indicates that the foundation may need to enhance its practices in some areas to achieve a higher level of trust and effectiveness in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Shorthorn Foundation legitimate?
Shorthorn Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shorthorn Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Shorthorn Foundation?
The Shorthorn Foundation's mission is centered around promoting animal science and livestock production. They achieve this by sponsoring or conducting studies and research in these areas. The organization also engages in educational activities, such as organizing institutes, workshops, conferences, and conventions, to disseminate information about livestock production and animal science to the public. The primary goal of the Shorthorn Foundation is to contribute to the advancement of knowledge and understanding in these fields.
Who is the CEO of Shorthorn Foundation?
Bill Rasor is the Trustee of Shorthorn Foundation.
What is the revenue of Shorthorn Foundation?
Shorthorn Foundation's revenue in 2022 was $28,679.
Who are the executives of Shorthorn Foundation and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Shorthorn Foundation?
Shorthorn Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shorthorn Foundation
The Shorthorn Foundation, as a nonprofit organization, is devoted to advancing scientific and educational research related to livestock production and animal science. Its primary mission is to promote the field of animal science and livestock production. To achieve this goal, the Shorthorn Foundation organizes and conducts various events such as institutes, workshops, conferences, and conventions. These events aim to educate the public on matters concerning livestock production and animal science, thereby contributing to the continuous development and improvement in these areas.
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Impact
August, 2024
Shorthorn Foundation's impact is focused on promoting animal science and livestock production. Through sponsoring and conducting studies and research in these fields, the organization contributes to advancing knowledge and practices that benefit the agricultural industry. By organizing institutes, workshops, conferences, and conventions, Shorthorn Foundation actively informs the public about matters concerning livestock production and animal science. This initiative helps to educate and engage individuals in these important areas, ultimately supporting the enhancement of food production and agricultural sustainability.
This information is meant to be a general summary of Shorthorn Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11,264
- Gross Receipts: $28,679
Assets and Liabilities:
- Total Assets: $678,058
- Total Liabilities: $0
- Net Assets: $678,058
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Organization Details
Principal Officer
Bill Rasor
Main Address
1800 LOVERS LEAP LANE, VAN ALSTYNE, TX, 75495
NTEE Category
Code: K00 - Food
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