Form 990 for tax year 2022
Filed by GALVESTON COUNTY FAIR AND RODEO INC.
Totals
- Total revenue
- $2,569,443
- Total expenses
- $2,482,056
- Contributions and grants received
- $137,255
- Grants paid
- $77,676
- Program service revenue
- $2,359,075
- Investment income
- $111
- Other revenue
- $73,002
- Total assets, end of year
- $1,708,735
- Total liabilities, end of year
- $419,609
- Net assets or fund balances, end of year
- $1,289,126
- Program services expenses (Part IX)
- $2,333,228
- Management and general expenses
- $148,828
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,333,228
Program services were 94.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$22,981
-
1f · All other contributions, gifts and grants
$114,274
-
2a · Program service revenue: ADMISSIONS
total $340,774 · related or exempt $340,774
-
2b · Program service revenue: AUCTIONS
total $1,201,141 · related or exempt $1,201,141
-
2c · Program service revenue: COMMERCIAL EXHIBITS
total $329,031 · related or exempt $329,031
-
2d · Program service revenue: RODEO
total $77,108 · related or exempt $77,108
-
2e · Program service revenue: SPECIAL EVENTS
total $203,993 · related or exempt $203,993
-
2f · All other program service revenue
total $207,028 · related or exempt $207,028
-
3 · Investment income
total $111 · excluded $111
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$57,340
-
8b · Fundraising events: direct expenses
$21,859
-
8c · Net income from fundraising events
total $35,481
-
9a · Gaming: gross income
$37,485
-
9c · Net income from gaming
total $37,485 · excluded $30,128
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS
total $36 · excluded $36
-
11e · Other revenue, total
$36
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $77,676 · program services $77,676
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $48,370 · program services $48,370
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $2,434 · program services $2,434
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $2,967 · program services $2,967
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $2,010 · program services $2,010
-
12 · Advertising and promotion
total $70,598 · program services $70,598
-
13 · Office expenses
total $11,245 · management and general $11,245
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $137,583 · management and general $137,583
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $98,302 · program services $98,302
-
23 · Insurance
total $47,001 · program services $47,001
-
24a · Other expenses: AUCTION
total $1,174,341 · program services $1,174,341
-
24b · Other expenses: ENTERTAINMENT
total $216,189 · program services $216,189
-
24c · Other expenses: SECURITY
total $125,308 · program services $125,308
-
24d · Other expenses: COMMERCIAL EXHIBITS
total $117,744 · program services $117,744
-
24e · All other expenses
total $350,288 · program services $350,288
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $445,014 · end of year $633,455
-
2 · Savings and temporary cash investments
beginning of year $30,321 · end of year $30,432
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $203,946 · end of year $179,253
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,723,120
-
10b · Land, buildings and equipment: accumulated depreciation
$1,894,454
-
10c · Land, buildings and equipment, net
beginning of year $823,293 · end of year $828,666
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $36,929 · end of year $36,929
-
17 · Accounts payable and accrued expenses
beginning of year $176,964 · end of year $203,011
-
19 · Deferred revenue
beginning of year $127,691 · end of year $128,417
-
24 · Unsecured notes and loans payable
beginning of year $33,109 · end of year $88,180
-
25 · Other liabilities
end of year $1
-
27 · Net assets without donor restrictions
beginning of year $1,195,542 · end of year $1,282,229
-
28 · Net assets with donor restrictions
beginning of year $6,197 · end of year $6,897
Mission and programs · 2022
Mission
TO SERVE THE YOUTH OF GALVESTON COUNTY BY PROMOTING YOUTH, EDUCATION AND AGRICULTURE BY SUPPORTING. 4-H AND FFA PROGRAMS
-
GALVESTON COUNTY FAIR & RODEO PROMOTES 4-H/FFA AND RELATED ACTIVITIES BY CONDUCTING WORKSHOPS AND CLINICS THROUGHOUT THE YEAR, BY PROMOTING AN ANNUAL RODEO AND COUNTY FAIR, BY AUCTIONING LIVESTOCK RAISED BY STUDENTS, BY AWARDING SCHOLARSIPS TO STUDENTS, BY SPONSORING A "SPECIAL KIS DAY" EVENT FOR SPECIAL NEEDS CHILDREN AND BY SPONSORING A "SCHOOLS DAY" EVENT
Expenses $2,333,228
As filed on the 2022 return.
Listed in Part VII
-
Ebbie Thurmond IIIEBBIE THURMOND III
President
- Total calculated
- $0
- Hours/week
- 15 + 5 related
-
Albert RamirezALBERT RAMIREZ
Director
- Total calculated
- $0
- Hours/week
- 5
-
Forrest DillionFORREST DILLION
SECT
- Total calculated
- $0
- Hours/week
- 15
-
Anthony CappadonaANTHONY CAPPADONA
Director
- Total calculated
- $0
- Hours/week
- 5
-
Brad DillonBRAD DILLON
Director
- Total calculated
- $0
- Hours/week
- 5
-
Wade Hunt JrWADE HUNT JR
Director
- Total calculated
- $0
- Hours/week
- 5
-
Travis BerghTRAVIS BERGH
Treasurer
- Total calculated
- $0
- Hours/week
- 15
-
James MenottiJAMES MENOTTI
Vice President
- Total calculated
- $0
- Hours/week
- 15
-
Dan MooreDAN MOORE
Director
- Total calculated
- $0
- Hours/week
- 5
-
Rusty NormanRUSTY NORMAN
Director
- Total calculated
- $0
- Hours/week
- 5
-
Tim PantalionTIM PANTALION
Director
- Total calculated
- $0
- Hours/week
- 5
-
Jack BeardJACK BEARD
Director
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349306700
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