DISBURSEMENTS ARE MADE TO THE WEST TEXAS BOYS RANCH FOR THE BENEFIT OF AND USE IN ITS OPERATIONS. THE WEST TEXAS BOYS RANCH IS A NON-PROFIT ORGANIZATION LICENSED BY THE TEXAS DEPARTMENT OF FAMILY AND PROTECTIVE SERVICES TO PROVIDE BASIC RESIDENTIAL CHILD CARE FOR DISADVANTAGED AND AT RISK BOYS IN TEXAS AND THE FOUR BORDERING STATES (ARKANSAS, LOUISIANA, NEW MEXICO, AND OKLAHOMA). THE FOUNDATION OWNS THE LAND AND BUILDINGS USED BY WEST TEXAS BOYS RANCH. NO LEASE IS CHARGED--THE VALUE OF THE USE OF THE PROPERTY IS ESTIMATED AT $240,000 PER YEAR.
