Nonprofit · EIN 75-1824668
AGRICULTURAL DEVELOPMENT FUND
Tax-exempt · FORT WORTH, TX 76101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2026 | 990 | $443,020 | $360,493 | $82,527 | $1,632,550 | $0 | $1,632,550 |
| March 31, 2025 | 990 | $437,168 | $255,850 | $181,318 | $1,550,023 | $0 | $1,550,023 |
| March 31, 2024 | 990 | $595,328 | $239,459 | $355,869 | $1,368,705 | $0 | $1,368,705 |
Financial details: 990 for the year ended March 31, 2026
Revenue
- Contributions, gifts and grants
- $393,146
- Program service revenue
- $0
- Investment income
- $49,874
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $40,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,900
- Program services (functional)
- $350,119
- Management and general (functional)
- $10,374
Balance sheet and other
- Total assets, start of year
- $1,550,023
- Total assets, end of year
- $1,632,550
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,632,550
- Net assets without donor restrictions
- $1,632,550
- Gross receipts
- $443,020
- Employees
- 0
- Volunteers
- 35
- Year formed
- 1982
- 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 March 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW R CARTER | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 | $489,390 | $22,188 |
| BRADFORD S BARNES PARTIAL YEAR | DIRECTOR Trustee or director | 0.5 | $0 | $397,187 | $19,244 |
| KIMBERLY DEWOODY PARTIAL YEAR | SECRETARY/TREASURER/DIRECTOR Trustee or director, Officer | 0.5 | $0 | $248,420 | $16,428 |
| DANIEL BREZIK PARTIAL YEAR | SECRETARY/TREASURER/DIRECTOR Trustee or director, Officer | 0.5 | $0 | $48,462 | $3,654 |
| CHARLIE ROYER III | VICE PRESIDENT/DIRECTOR Trustee or director, Officer | 0.2 | $0 | $1,150 | $0 |
| BRECK RAY | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended March 31, 2025: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRADFORD S BARNES | DIRECTOR Trustee or director | 0.5 | $0 | $678,982 | $33,272 |
| MATTHEW R CARTER | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 | $425,309 | $22,746 |
| KIMBERLY DEWOODY | SECRETARY/TREASURER/DIRECT Trustee or director, Officer | 0.5 | $0 | $265,267 | $15,378 |
| CHARLIE ROYER III | VICE PRESIDENT/DIRECTOR Trustee or director, Officer | 0.2 | $0 | $1,150 | $0 |
| BRECK RAY | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended March 31, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRADFORD S BARNES | DIRECTOR Trustee or director | 0.5 | $0 | $638,187 | $158,320 |
| MATTHEW R CARTER | PRESIDENT/DIRECTOR Trustee or director, Officer | 0.5 | $0 | $386,073 | $41,487 |
| KIMBERLY DEWOODY | SECRETARY/TREASURER/DIRECT Trustee or director, Officer | 0.5 | $0 | $253,690 | $26,977 |
| CHARLIE ROYER III | VICE PRESIDENT/DIRECTOR Trustee or director, Officer | 0.2 | $0 | $1,150 | $0 |
| BRECK RAY | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 150, FORT WORTH, TX 76101-0150
- Principal officer (990 for 2025)
- MATTHEW R CARTER, PO BOX 150, FORT WORTH, TX 76101
- Signed the 990
- MATTHEW R CARTER, PRESIDENT/DIRECTOR
- Phone
- (817) 877-2400
- Return prepared by
- WHITLEY PENN LLP
Mission
TO PROMOTE THE BREEDING OF BETTER LIVESTOCK BY EXHIBITION AND AUCTION IN CONNECTION WITH THE SOUTHWESTERN EXPOSITION AND LIVESTOCK SHOW.
Program accomplishments
- THE FUND WAS SET UP TO PAY PREMIUMS AND BONUSES TO OWNERS OF LIVESTOCK THAT SHOW IN THE SOUTHWESTERN EXPOSITION AND LIVESTOCK SHOW. PREMIUMS ARE ADDITIONAL MONEY PAID ON PLACINGS IN THE JUNIOR LIVESTOCK SHOWS. THE BONUS MONEY IS PAID ON A PREDETERMINED PRICE PER POUND OVER MARKET PRICE FOR ANIMALS SOLD AT THE SOUTHWESTERN EXPOSITION AND LIVESTOCK SHOW. ADDITIONALLY, THE FUND PROVIDES GRANTS FOR SCHOLARSHIPS PAID TO TEXAS 4-H AND FFA STUDENTS.Expenses $350,119 · grants $40,000
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | 990 on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 75-1824668
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,632,550
- Income (IRS master file)
- $443,020
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2026 | $443,020 | $360,493 | $1,632,550 | XML |
| 990 | March 2025 | $437,168 | $255,850 | $1,550,023 | XML |
| 990 | March 2024 | $595,328 | $239,459 | $1,368,705 | XML |
| 990 | March 2023 | $301,574 | $288,738 | $1,012,836 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | 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 75-1824668).
Questions about AGRICULTURAL DEVELOPMENT FUND
- What is the EIN of AGRICULTURAL DEVELOPMENT FUND?
- The employer identification number (EIN) of AGRICULTURAL DEVELOPMENT FUND is 75-1824668.
- Is AGRICULTURAL DEVELOPMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to AGRICULTURAL DEVELOPMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AGRICULTURAL DEVELOPMENT FUND 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 AGRICULTURAL DEVELOPMENT FUND due?
- The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AGRICULTURAL DEVELOPMENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2026.
- Who is the principal officer of AGRICULTURAL DEVELOPMENT FUND?
- The 990 for the year ended March 31, 2026 names MATTHEW R CARTER.
- Who are the officers and directors of AGRICULTURAL DEVELOPMENT FUND?
- The 990 for the year ended March 31, 2026 lists 6 people; 0 received compensation from the organization.
- How much revenue does AGRICULTURAL DEVELOPMENT FUND have?
- On its 990 for the year ended March 31, 2026 it reported revenue of $443,020, expenses of $360,493 and total assets of $1,632,550 at year end.
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