2024-03-14T15:42:47-05:00 2023-12-31 742606559 ADKF PC 9601 MCALLISTER FREEWAY SUITE 800 SAN ANTONIO TX 78216 990 2023-01-01 440624028 INTERNATIONAL BRANGUS BREEDERS ASSOC INTE 2106968231 8870 HIGHWAY 87 EAST SAN ANTONIO TX 78263 DARRELL WILKES EXECUTIVE DIRECTOR 2106968231 2024-03-13 1 DARRELL WILKES 999009999 1 JOSEPH A HERNANDEZ P00950841 2108291300 2024-03-13 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z DARRELL WILKES 8870 HIGHWAY 87 EAST SAN ANTONIO TX 78263 2357649 0 X WWW.GOBRANGUS.COM X 1949 OK TO REGISTER AND PROMOTE THE BRANGUS BREED OF CATTLE. 13 13 14 0 0 0 203779 208305 1988539 2002144 7631 57200 0 90000 2199949 2357649 0 0 0 0 917445 980792 0 0 0 1108695 1294811 2026140 2275603 173809 82046 2822656 2987833 235305 318436 2587351 2669397 THE IBBA EMPOWERS MEMBERS TO ADVANCE THE QUALITY, RELIABILITY AND VALUE OF BRANGUS AND BRANGUS-INFLUENCED CATTLE; PROVIDES INNOVATIVE PROGRAMS AND SERVICES WHICH ENHANCE THE ECONOMIC WELL-BEING OF MEMBERS AND COMMERCIAL CUSTOMERS. 0 0 IN 2023, THE IBBA CONTINUED TO PROVIDE ESSENTIAL SERVICES TO OUR MEMBERS, BY MEANS OF OUR REGISTER DATABASE, WHICH PROVIDES GENETIC AND GENERATIONAL INFORMATION FOR ALL THE REGISTERED BRANGUS ANIMALS. 0 0 0 1 0 0 0 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 3 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2106968231 8870 HIGHWAY 87 EAST SAN ANTONIO TX 78263 ROB SINGLETON PRESIDENT 6.00 X X 0 0 0 SHILOH HALL 1ST VICE PRESIDENT 2.00 X X 0 0 0 GRADY GREEN 2ND VICE PRESIDENT 2.00 X X 0 0 0 JEREMY JACKSON SECRETARY/TREASURER 4.00 X X 0 0 0 GARY ADAMEK DIRECTOR 2.00 X 0 0 0 TREY CUEVAS DIRECTOR 2.00 X 0 0 0 MARY DOUGLASS DIRECTOR 2.00 X 0 0 0 ALLEN GOODE DIRECTOR 2.00 X 0 0 0 GREG ROMANS DIRECTOR 2.00 X 0 0 0 ANDREW SCAMARDO DIRECTOR 2.00 X 0 0 0 DR RANDY SCHMIDT DIRECTOR 2.00 X 0 0 0 JOSH WALKER DIRECTOR 2.00 X 0 0 0 WARREN YOUNG DVM DIRECTOR 2.00 X 0 0 0 DR DARRELL L WILKES EXECUTIVE VICE PRESIDENT 40.00 X 202400 0 0 ANDREW R SICOTTE JR PRODUCT MANAGER 40.00 X 134167 0 0 336567 0 0 2 0 1 0 0 208305 208305 TOTAL HERD REPORTING 561000 1221257 1221257 OTHER REGISTRY INCOME 561000 563424 563424 TRANSFERS 561000 79325 79325 OTHER REVENUES 561000 70358 70358 SHOW INCOME 561000 67780 67780 2002144 57200 57200 MANAGEMENT FEE REVENUE 900099 90000 90000 90000 2357649 2092144 0 57200 202400 778392 77890 156606 50128 40638 DNA AND EPD EXPENSES 558560 OTHER EXPENSES 280595 SHOW EXPENSES 87419 NON-CORE OPERATIONS 28779 14196 2275603 948013 105687 885285 138090 190934 8574 15887 52194 1077601 502658 614157 574943 1817484 241 636 220983 237381 2822656 2987833 96805 126735 112130 120052 26370 71649 235305 318436 X 2587351 2669397 2587351 2669397 2822656 2987833 82046 0 X 0 1 X 1 0 1 1 0 1077601 502658 574943 574943 CERTIFICATES OF DEPOSIT 889536 F US TREASURY NOTES 927948 F 1817484 INVESTMENT IN GENETIC PERFORMANCE SOLUTIONS 32264 INVESTMENT IN BRANGUS PUBLICATIONS, INC. 133468 OPERATING LEASE RIGHT-OF-USE 71649 237381 OPERATING LEASE LIABILITIES, CURRENT PORTION 13675 OPERATING LEASE LIABILITIES, NET OF CURRENT PORTION 57974 71649 2357649 0 2357649 0 2357649 2275603 0 2275603 0 2275603 X X X X 0 0 0 DR DARRELL L WILKES EXECUTIVE VICE PRESIDENT 202400 0 0 0 0 0 0 0 0 0 202400 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 NEW BY-LAWS WERE APPROVED IN MARCH OF 2023- ARTICLE V DISCUSSION: SECTION I. A. DEFINES INITIAL GENERATION BRANGUS AS 3/8 BRAHMAN AND 5/8 ANGUS BREEDING. PART A.L IN THE CURRENT BY LAWS DESCRIBES MATINGS BETWEEN TWO BRANGUS PARENTS, WHICH IS NOW COVERED BY PART D IN THE REVISED VERSION. PARTS A.2 AND A.3 IN THE CURRENT BY LAWS CLEARLY DESCRIBE THE TRADITIONAL MATINGS THAT PRODUCE 3/8 5/8 ANIMALS BY BREEDING (I.E. BY PEDIGREE). THESE PARTS ARE UNCHANGED IN THE REVISED VERSION UNDER A.L AND A.2. PART A.3 IN THE REVISED VERSION ACCOMMODATES MATINGS THAT RESULT IN 3/8 5/8 BREED COMPOSITION BUT ARE NOT EXACTLY THE SAME AS THE TRADITIONAL FIRST GENERATION MATINGS. FOR INSTANCE, A MATING OF A 5/16 BRAHMAN 11/16 ANGUS WITH ANOTHER ANIMAL THAT IS 7/16 BRAHMAN AND 9/16 ANGUS PRODUCES AN ANIMAL THAT IS 6/16 BRAHMAN AND 10/16 ANGUS, WHICH IS EQUAL TO 3/8 5/8. THIS WOULD ACCOMMODATE THE MATING OF TWO PARENTS THAT HAVE BRANGUS OPTIMIZER (BO) PREFIXES. THEY CAN NOW GIVE RISE TO AN R OR RR PREFIX PROGENY. FROM A PURE GENETICS STANDPOINT, THERE IS NOTHING UNIQUE ABOUT THE TRADITIONAL CROSSES THAT RESULT IN 3/8 5/8 COMPOSITION. HENCE, ANY CROSS THAT RESULTS IN 3/8 5/8 SHOULD HAVE THE SAME PRIVILEGES AS ANY OTHER AND WOULD QUALIFY AS AN "INITIAL GENERATION BRANGUS". PART A.4 IN THE CURRENT BY LAWS CREATED A LOT OF DISCUSSION DURING THE BY LAWS REVIEW. IT IS SUBJECT TO MULTIPLE INTERPRETATIONS. THEREFORE, IT IS REPLACED WITH A NEW PART A.4 WHICH IS PRECISE AND IS THOUGHT TO CAPTURE THE INTENT OF PART A.4 IN THE CURRENT BY LAWS AND IS NOT AMBIGUOUS. SECTION I.B. ULTRABLACK AND ULTRARED. PARTS B.1 AND B.2 IN THE CURRENT BY LAWS ARE REWRITTEN TO RECOGNIZE THE "STEP NUMBER" THAT BREEDERS ARE ACCUSTOMED TO USING AND WHICH SHOW UP ON REGISTRATION CERTIFICATES. BREEDERS RECOGNIZE ULTRA 1 ANIMALS AND ULTRA 2 ANIMALS. THE CURRENT BY LAWS DO NOT REFERENCE THE "STEP NUMBER" EVEN THOUGH IT IS SOMEWHAT IMPLIED IN THE CURRENT BY LAWS IN PART C.L.A IF ONE READS IT VERY CAREFULLY. THE REVISION SIMPLIFIES THE SUBJECT AND MAKES IT CLEAR. PARTS B.3 AND B.4 IN THE CURRENT BY LAWS HAVE THE SAME CONFUSING LANGUAGE AS PART A.4. THE INTENT IS PRESERVED AND IS REWRITTEN AND PRESENTED IN PART B.4 IN THE REVISED BY LAWS. PART B.3 IN THE REVISED BY LAWS COVERS THE ULTRA-PENDING PREFIXES WHICH WERE ADDED TO THE MATING MATRIX TO RECOGNIZE ANIMALS THAT HAVE LESS THAN 50% BRANGUS BREEDING (WITH THE BALANCE BEING ANGUS) AND ARE ELIGIBLE TO BE A PARENT OF AN ULTRA 1 ANIMAL IF MATED TO A BRANGUS. IN OTHER WORDS, AN ULTRA-PENDING ANIMAL HAS THE SAME OPPORTUNITY TO BECOME A PARENT OF AN ULTRA AS AN ENROLLED ANGUS. SECTION I.C BRANGUS PRODUCED FROM ULTRABLACK OR ULTRARED CATTLE. THIS SECTION IN THE REVISED BY LAWS SIMPLY STATES IN PLAIN LANGUAGE THE REQUIREMENT FOR BREEDING UP TO BRANGUS UTILIZING ONE ULTRA PARENT, STATING EXPLICITLY THAT THE ULTRA PARENT MUST BE AN ULTRA 2. SECTION I.D SUBSEQUENT GENERATION BRANGUS. THIS SECTION IN THE REVISED BY LAWS SIMPLY STATES WHAT IS STATED IN SECTION I.A.1 OF THE CURRENT BY LAWS. THERE IS NO CHANGE IN RULES OR MEANING. SECTION I.E BRANGUS OPTIMIZER BRANGUS OPTIMIZERS ARE NOT MENTIONED AT ALL IN THE CURRENT BY LAWS. ORIGINALLY, BRANGUS OPTIMIZERS WERE A CROSS BETWEEN TWO REGISTERED ANIMALS, ONE OF WHICH WAS REQUIRED TO BE A BRANGUS. THIS COULD INCLUDE VIRTUALLY ANYTHING, INCLUDING SOME CROSSES THAT BRANGUS BREEDERS WOULD PROBABLY NOT WANT THE BRANGUS WORD CONNECTED TO. THE BREED IMPROVEMENT COMMITTEE DEVELOPED A NEW MATING MATRIX, WHICH WAS SUBSEQUENTLY APPROVED BY THE BOARD OF DIRECTORS, WHICH REDEFINES BRANGUS OPTIMIZER AS ANIMALS OF BRANGUS, BRAHMAN AND ANGUS GENETICS ONLY. LACKING THIS CATEGORY, THERE COULD BE SOME ENTIRELY LEGITIMATE ANIMALS THAT WOULD OTHERWISE HAVE NO RECOGNIZED CATEGORY AND WOULD THEREFORE BE CLASSIFIED AS COMMERCIAL. AN EXAMPLE WOULD BE A CERTIFIED HALF BLOOD BRED TO A BRANGUS. SUCH AN ANIMAL WOULD BE 7/16 BRAHMAN AND 9/16 ANGUS AND, WITHOUT THE BRANGUS OPTIMIZER CATEGORY, WOULD BECOME A COMMERCIAL ANIMAL WITH NO FUTURE IN THE IBBA HERD BOOK EVEN THOUGH IT WAS PRODUCED FROM ANIMALS RECOGNIZED AS LEGITIMATE PARENTS. BRANGUS OPTIMIZERS ARE SUBJECT TO GENETIC EVALUATION AND RECEIVE EPDS. SECTION II. ANIMALS ELIGIBLE FOR CERTIFICATION PARTS A, B AND C IN THE REVISED BY LAWS ARE IDENTICAL TO PARTS A, BAND C IN THE CURRENT BY LAWS. PART D IN THE CURRENT BY LAWS (APPENDIX ANIMALS) ARE NOW DEFINED IN THE REVISED BY LAWS IN ARTICLE V, SECTION IV. SECTION ILL. ANIMALS ELIGIBLE FOR ENROLLMENT PARTS A AND B IN THE REVISED BY LAWS ARE REVISED SLIGHTLY TO SPECIFICALLY ALLOW ENROLLMENT OF ANGUS OR BRAHMAN FROM FOREIGN REGISTRIES ASSUMING ALL REQUIREMENTS ARE MET. PART C IN THE REVISED BY LAWS ALLOWS ENROLLMENT OF BRANGUS OR ULTRA ANIMALS FROM OTHER REGISTRIES, PARTICULARLY FOREIGN REGISTRIES, ASSUMING ALL REQUIREMENTS ARE MET. THIS IS CONSIDERED ESSENTIAL AS IBBA'S WORK TOWARD FORMATION OF A GLOBAL GENETIC EVALUATION DATABASE ARE TAKING SHAPE. SECTION IV. APPENDIX REGISTRY. THIS SECTION IN THE REVISED BY LAWS IS DESIGNED TO CAPTURE THE DEFINITION FOR THE APPENDIX REGISTRY ANIMALS AND TO MAKE IT CLEAR THAT APPENDIX ANIMALS ARE THOSE THAT MEET ALL REQUIREMENT FOR BREED COMPOSITION AND PEDIGREE DEPTH, BUT HAVE DISQUALIFYING COLOR MARKINGS. SECTION V. FEES THIS SECTION IN THE REVISED BY LAWS GIVES THE BOARD OF DIRECTORS DISCRETION IN DETERMINING FEES DEPENDING ON MEMBERSHIP TYPE (OR NON-MEMBERSHIP). AS THE GLOBAL GENETIC EVALUATION DATABASE IS DEVELOPED, THIS LEVEL OF DISCRETION IS ESSENTIAL TO DEAL-MAKING. SECTION VII. HERD BOOKS SECTION VII IN THE REVISED BY LAWS ACKNOWLEDGE THE FACT THAT ALL RECORDS ARE MAINTAINED IN ONE DATABASE. WITHIN THE DATABASE, BASED UPON BREED COMPOSITION AND PREFIX, EACH SUB-POPULATION CAN BE ISOLATED BUT THEY RESIDE IN THE SAME DATABASE NEVERTHELESS. FORM 990, PART VI, SECTION A, LINE 6 ACTIVE MEMBERS IN GOOD STANDING OF THE ASSOCIATION MAY VOTE TO ELECT OR REMOVE THE MEMBERS OF THE BOARD. ALL BOARD MEMBERS PARTICIPATE IN THE ASSOCIATION'S GOVERNANCE AND HAVE EQUAL VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A EACH YEAR, THE BOARD PRESIDENT APPOINTS A CURRENT DIRECTOR TO CHAIR A NOMINATION COMMITTEE FOR HIS/HER DESIGNATED AREA. A MINIMUM OF TWO CANDIDATES (ONE MAY BE A WRITE-IN NOMINEE) ARE NOMINATED FOR EACH EXPIRING DIRECTOR POSITION. MEMBERS IN GOOD STANDING WITH THE ASSOCIATION THEN VOTE FOR A DIRECTOR IN THEIR AREA. THE CANDIDATE RECEIVING THE HIGHEST NUMBER OF VOTES IS DECLARED AS ELECTED. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD PRESENTS THE MEMBERSHIP WITH ANY BY-LAW REVISIONS AND ADOPTS THESE REVISIONS BASED ON THE VOTE OUTCOME. FORM 990, PART VI, SECTION B, LINE 11B DURING THE IN-PERSON BOARD MEETING IN HOUSTON, WHICH IS HELD FOLLOWING THE CONCLUSION OF AUDIT FIELDWORK BUT PRIOR TO THE 990 BEING FILED, A DRAFT COPY OF THE 990 IS HANDED OUT TO ALL BOARD MEMBERS FOR THEIR REVIEW. DURING THE MEETING, MEMBERS ARE ASKED TO PROVIDE ANY SUGGESTIONS OR CORRECTIONS PRIOR TO THE 990 BEING FINALIZED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH CONFLICT OF INTEREST POLICIES IS GENERALLY REVIEWED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR A BUDGET IS PRESENTED TO THE BOARD OF DIRECTORS AFTER APPROVAL BY THE FINANCE COMMITTEE. BUDGETED INCREASES IN COMPENSATION ARE DISCLOSED TO THE BOARD AND EITHER ACCEPTED, AMENDED, OR REJECTED. ONCE THE BUDGET HAS BEEN APPROVED BY THE BOARD, THE EXECUTIVE V.P. HAS THE DISCRETION TO INCREASE SALARIES OF EMPLOYEES UP TO THE APPROVED BUDGETED AMOUNT. ANY ANTICIPATED NEW HIRE SALARIES ARE INCLUDED IN THE BUDGET, AND ONCE APPROVED THE EXECUTIVE V.P. HAS THE DISCRETION TO FILL THE POSITION AT A SALARY NOT TO EXCEED THE AMOUNT APPROVED IN THE BUDGET. AFTER THE BUDGET IS APPROVED, THE BOARD DELIBERATES CONCERNING COMPENSATION OF THE EXECUTIVE V.P. UP TO THE APPROVED BUDGETED AMOUNT. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. GENETIC PERFORMANCE SOLUTIONS 8870 HWY 87 EAST SAN ANTONIO TX 78263 260761768 PROVIDES EPDS AND REGISTRY SERVICES TO ALL BRANGUS ASSOCIATIONS. TX -47 37764 INTERNATIONAL BRANGUS BREEDERS ASSOCIATION INC BRANGUS PUBLICATIONS INC 8870 HWY 87 EAST SAN ANTONIO TX 78263 741793563 TRADE MAGAZINE PUBLICATION TX INTERNATIONAL BRANGUS BREEDERS ASSN C -28834 146270 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 GENETIC PERFORMANCE SOLUTIONS N DE MINIMIS GENETIC PERFORMANCE SOLUTIONS O DE MINIMIS GENETIC PERFORMANCE SOLUTIONS Q DE MINIMIS