Form 990 for tax year 2022
Filed by PROFESSIONAL RODEO COWBOYS ASSOCIATION INC.
Totals
- Total revenue
- $16,162,967
- Total expenses
- $14,004,533
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $17,415,427
- Investment income
- -$3,291,640
- Other revenue
- $2,039,180
- Total assets, end of year
- $24,069,351
- Total liabilities, end of year
- $3,385,334
- Net assets or fund balances, end of year
- $20,684,017
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: MEMBERSHIP DUES
total $2,179,891 · related or exempt $2,179,891
-
2b · Program service revenue: NATIONAL FINALS, NFR
total $1,237,598 · related or exempt $1,237,598
-
2c · Program service revenue: PROCOM FEES & FINES
total $3,294,323 · related or exempt $3,294,323
-
2d · Program service revenue: APPROVALS & PRIZES
total $3,177,933 · related or exempt $3,177,933
-
2e · Program service revenue: INSURANCE
total $2,066,731 · related or exempt $2,066,731
-
2f · All other program service revenue
total $5,458,951 · related or exempt $5,458,951
-
3 · Investment income
total $7,451 · excluded $7,451
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $2,024,180 · related or exempt $2,024,180
-
6a · Gross rents
real property $15,000
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $15,000 · personal property $0
-
6d · Net rental income or loss
total $15,000 · excluded $15,000
-
7a · Gross sales of assets other than inventory
other assets $0
-
7b · Less cost or other basis and sales expenses
other assets $3,299,091
-
7c · Gain or loss
other assets -$3,299,091
-
7d · Net gain or loss
total -$3,299,091 · excluded -$3,299,091
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
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 $569,124
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,262,653
-
8 · Pension plan contributions
total $51,016
-
9 · Other employee benefits
total $311,637
-
10 · Payroll taxes
total $255,176
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $57,720
-
11c · Fees: accounting
total $178,385
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $5,248
-
11g · Fees: other
total $2,255,308
-
12 · Advertising and promotion
total $35,328
-
13 · Office expenses
total $836,728
-
14 · Information technology
total $587,212
-
15 · Royalties
total $0
-
16 · Occupancy
total $381,069
-
17 · Travel
total $1,048,918
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $51,992
-
20 · Interest
total $17,760
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $639,427
-
23 · Insurance
total $2,236,689
-
24a · Other expenses: NATIONAL FINALS RODEO
total $464,436
-
24b · Other expenses: BAD DEBT EXPENSE
total $594,068
-
24c · Other expenses: EQUIPMENT RENT & REPAIR/MAINT.
total $122,039
-
24d · Other expenses: DUES
total $39,687
-
24e · All other expenses
total $2,913
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $11,534,112 · end of year $13,389,598
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $3,204,210 · end of year $1,762,996
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $258,454
-
10a · Land, buildings and equipment: cost or other basis
$9,044,336
-
10b · Land, buildings and equipment: accumulated depreciation
$6,050,900
-
10c · Land, buildings and equipment, net
beginning of year $5,499,119 · end of year $2,993,436
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $1,260,843
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $890,095 · end of year $921,894
-
14 · Intangible assets
beginning of year $31,800 · end of year $0
-
15 · Other assets
beginning of year $1,660,983 · end of year $3,482,130
-
17 · Accounts payable and accrued expenses
beginning of year $2,707,810 · end of year $1,908,293
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $1,590,310 · end of year $1,477,041
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $18,522,199 · end of year $20,684,017
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
OUR MISSION IS TO GROW THE SPORT OF PRO RODEO, POSITIVELY IMPACT OUR COMMUNITIES, AND PROVIDE AN EXCEPTIONAL EXPERIENCE FOR OUR MEMBERS, FANS, AND SPONSORS. Continued, see Schedule O.
Activities or mission (Part I)
To grow the sport of ProRodeo, to positively impact our communities, and to provide an exceptional experience for our members, fans, and sponsors.
-
THE ORGANIZATION PROVIDES SEVERAL SERVICES TO ITS MEMBERS: REGISTERING THE CONTESTANT MEMBERS IN RODEO EVENTS, PROVIDING A FAIR AND IMPARTIAL INTERPRETATION OF THE MEMBERSHIP RULE BOOK AND ENFORCING INFRACTIONS, FACILITATING THE ELECTION OF THE BOARD OF DIRECTORS AND RODEO EVENT REPRESENTATIVES AND THE PROPER RECORDING AND TIMELY NOTIFICATION OF MEMBERSHIP PRIZE MONEY STANDINGS IN ORDER TO VALIDATE PARTICIPATION IN REGIONAL AND NATIONAL CHAMPIONSHIPS.
-
Judging - The organization provides a certified member judging program. These member judges officiate all Professional Rodeo Cowboys Association sanctioned rodeo events. Expenses for the judging program include: Salaries, contract judges, travel and lodging.
-
Animal Welfare- The organization provides direct funding to programs that promote the sport of professional rodeo, animal welfare, the rodeo circuit system and the American western way of life.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tom Glause
CEO
- Total calculated
- $408,713
- From this org
- $0
- From related orgs
- $389,952
- Other
- $18,761
- Hours/week
- 10 + 37 related
Schedule J breakdown matched by us
- Base
- not reported + $324,850 related
- Bonus
- not reported + $65,102 related
- Other
- not reported
- Deferred
- not reported + $10,100 related
- Nontaxable benefits
- not reported + $8,661 related
- Filer's total
- not reported + $408,713 related
-
Pamela McManus
Chief Financial Officer
- Total calculated
- $211,172
- From this org
- $183,399
- From related orgs
- $0
- Other
- $27,773
- Hours/week
- 32 + 8 related
Schedule J breakdown matched by us
- Base
- $183,399
- Bonus
- not reported
- Other
- not reported
- Deferred
- $26,976
- Nontaxable benefits
- $797
- Filer's total
- $211,172
-
Steve Knowles
Director of Rodeo Admin
- Total calculated
- $179,943
- From this org
- $149,020
- From related orgs
- $0
- Other
- $30,923
- Hours/week
- 40 + 5 related
Schedule J breakdown matched by us
- Base
- $149,020
- Bonus
- not reported
- Other
- not reported
- Deferred
- $26,400
- Nontaxable benefits
- $4,526
- Filer's total
- $179,946
-
Daniel Martinez
Chief Information Officer
- Total calculated
- $151,666
- From this org
- $139,560
- From related orgs
- $0
- Other
- $12,106
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,560
- Bonus
- not reported
- Other
- not reported
- Deferred
- $4,800
- Nontaxable benefits
- $7,306
- Filer's total
- $151,666
-
Melodie Spah
VP of Information Technology
- Total calculated
- $126,511
- From this org
- $112,972
- From related orgs
- $0
- Other
- $13,539
- Hours/week
- 40
-
Gordon Knopp
Chief Technology Officer
- Total calculated
- $110,367
- From this org
- $107,389
- From related orgs
- $0
- Other
- $2,978
- Hours/week
- 40
-
Jacobs Crawley
CHAIRMAN
- Total calculated
- $15,909
- From this org
- $15,909
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Troy Pruitt
Director
- Total calculated
- $15,499
- From this org
- $15,499
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Matt Reeves
Director
- Total calculated
- $15,499
- From this org
- $15,499
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Chet Johnson
Director
- Total calculated
- $10,499
- From this org
- $10,499
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Josh Edward
Director
- Total calculated
- $4,778
- From this org
- $4,778
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
David Morehead
Director
- Total calculated
- $4,458
- From this org
- $4,458
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
James Miller
Director
- Total calculated
- $500
- From this org
- $500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10 + 5 related
-
Steve Gander
Director
- Total calculated
- $499
- From this org
- $499
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Keith Marrington
Director
- Total calculated
- $0
- Hours/week
- 10
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Schedule J, Part ii, Line 4:
- Mr. Tom Glause is an employee of PRCA Properties, Inc, and receives all his compensation from PRCA Properties, Inc.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
PRO RODEO HALL OF FAME & MUSEUM
501(c)(3) · MUSEUM · CO · controlled entity
Directly controlled by PRCA
-
PROF RODEO COWBOYS ASS(CIRCUITS)
501(c)6 · rodeo circuit · CO · controlled entity
Directly controlled by prca
-
California Cowboys Association Inc
501(c)6 · rodeo circuit · CA · controlled entity
Directly controlled by prca
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
PRCA PROPERTIES INC
C CORP · SPONSORSHIP · CO · 100% owned · share of income $23,151,177 · share of assets $7,651,089 · controlled entity
Directly controlled by prca
-
Junior Rodeo
c-corp · junior rodeo · CO · 100% owned · share of income $0 · share of assets $14,502 · controlled entity
Directly controlled by prca
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343189349311829
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