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Nonprofiteer
← FORT MADISON RODEO CORPORATION

Form 990 for tax year 2023

Filed by FORT MADISON RODEO CORPORATION.

Totals

Total revenue
$1,968,777
Total expenses
$1,399,503
Contributions and grants received
$100,000
Grants paid
$22,514
Program service revenue
$1,848,361
Investment income
$20,416
Other revenue
$0
Total assets, end of year
$3,442,063
Total liabilities, end of year
$9,319
Net assets or fund balances, end of year
$3,432,744
Program services expenses (Part IX)
$1,393,324
Management and general expenses
$6,179
Fundraising expenses
$0
Program service expenses (Part III)
$1,393,324

Program services were 99.6% 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.

  • 1f · All other contributions, gifts and grants

    $100,000

  • 2a · Program service revenue: TRI-STATE RODEO

    total $1,821,148 · related or exempt $1,821,148

  • 2b · Program service revenue: CAMPING FEES

    total $27,213 · related or exempt $27,213

  • 3 · Investment income

    total $20,416 · related or exempt $20,416

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,514 · program services $22,514

  • 7 · Other salaries and wages

    total $26,519 · program services $26,519

  • 10 · Payroll taxes

    total $4,187 · program services $4,187

  • 11c · Fees: accounting

    total $6,179 · management and general $6,179

  • 12 · Advertising and promotion

    total $53,882 · program services $53,882

  • 13 · Office expenses

    total $5,106 · program services $5,106

  • 16 · Occupancy

    total $75,481 · program services $75,481

  • 22 · Depreciation, depletion and amortization

    total $84,977 · program services $84,977

  • 23 · Insurance

    total $35,957 · program services $35,957

  • 24a · Other expenses: ENT CONTRACTS/PRODUCERS

    total $478,570 · program services $478,570

  • 24b · Other expenses: RODEO PRODUCTION

    total $252,023 · program services $252,023

  • 24c · Other expenses: PRIZE MONEY

    total $151,600 · program services $151,600

  • 24d · Other expenses: ALL OTHERS

    total $83,713 · program services $83,713

  • 24e · All other expenses

    total $118,795 · program services $118,795

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $336,415 · end of year $917,514

  • 4 · Accounts receivable

    beginning of year $21,900 · end of year $8,019

  • 10a · Land, buildings and equipment: cost or other basis

    $3,929,173

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,412,643

  • 10c · Land, buildings and equipment, net

    beginning of year $2,527,702 · end of year $2,516,530

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,547 · end of year $5,543

  • 25 · Other liabilities

    end of year $3,776

  • 27 · Net assets without donor restrictions

    beginning of year $2,863,470 · end of year $3,432,744

Mission and programs · 2023

Mission

PROMOTING AND IMPROVING THE GENERAL WELFARE OF THE CITIZENS OF FORT MADISON, IOWA, AND ITS IMMEDIATE VICINITY.

Activities or mission (Part I)

PROMOTING AND IMPROVING THE GENERAL WELFARE OF THE CITIZENS OF FORT MADISON, IOWA AND ITS IMMEDIATE VICINITY.

  • PROVIDING RODEO PERFORMANCES FOR THE GENERAL PUBLIC.

    Expenses $1,393,324 · Grants $22,514 · Revenue $1,848,361

As filed on the 2023 return.

Listed in Part VII

  • CONI GRABER

    TREASURER

    Total calculated
    $22,208
    From this org
    $22,208
    From related orgs
    $0
    Other
    $0
    Hours/week
    27

  • GARY MEAD

    DIRECTOR

    Total calculated
    $8,210
    From this org
    $8,210
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • MIKE CULBERTSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSH DENNING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TONY JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TY LOUCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MINDY GOLDIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT HUFFMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • CHUCK KEMPKER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

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

  • VARIOUS

    $22,514

Provenance

Return type
form_990
Tax year
2023
Filed
6 January 2025
IRS schema version
2023v6.0
Source object
202530159349302443

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