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← PENDLETON ROUND-UP FOUNDATION

Form 990 for tax year 2024

Filed by PENDLETON ROUND-UP FOUNDATION.

Totals

Total revenue
$3,655,587
Total expenses
$3,648,265
Contributions and grants received
$3,040,000
Grants paid
$3,061,006
Program service revenue
$0
Investment income
$159,477
Other revenue
$456,110
Total assets, end of year
$14,172,811
Total liabilities, end of year
$1,513,674
Net assets or fund balances, end of year
$12,659,137
Program services expenses (Part IX)
$3,061,006
Management and general expenses
$587,259
Fundraising expenses
$0
Program service expenses (Part III)
$3,061,006

Program services were 83.9% 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.

  • 1e · Government grants (contributions)

    $3,000,000

  • 1f · All other contributions, gifts and grants

    $40,000

  • 3 · Investment income

    total $159,477 · excluded $159,477

  • 8a · Fundraising events: gross income

    $87,792

  • 8b · Fundraising events: direct expenses

    $69,613

  • 8c · Net income from fundraising events

    total $18,179 · excluded $18,179

  • 11a · Other revenue: PROPERTY LEASE

    total $409,200 · related or exempt $409,200

  • 11b · Other revenue: GAIN ON INVESTMENT

    total $28,731 · related or exempt $28,731

  • 11e · Other revenue, total

    $437,931

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,061,006 · program services $3,061,006

  • 11b · Fees: legal

    total $12,550 · management and general $12,550

  • 11c · Fees: accounting

    total $4,635 · management and general $4,635

  • 11g · Fees: other

    total $1,807 · management and general $1,807

  • 20 · Interest

    total $57,523 · management and general $57,523

  • 22 · Depreciation, depletion and amortization

    total $457,932 · management and general $457,932

  • 23 · Insurance

    total $1,316 · management and general $1,316

  • 24a · Other expenses: DONATIONS

    total $25,000 · management and general $25,000

  • 24b · Other expenses: PROPERTY TAXES

    total $20,788 · management and general $20,788

  • 24c · Other expenses: BANK CHARGES

    total $5,324 · management and general $5,324

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $384 · management and general $384

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,650,496 · end of year $685,691

  • 4 · Accounts receivable

    beginning of year $4,632 · end of year $4,632

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

    $18,777,581

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

    $5,295,093

  • 10c · Land, buildings and equipment, net

    beginning of year $13,940,420 · end of year $13,482,488

  • 19 · Deferred revenue

    beginning of year $3,100,881 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,842,852 · end of year $1,513,674

  • 27 · Net assets without donor restrictions

    beginning of year $12,638,586 · end of year $12,649,993

  • 28 · Net assets with donor restrictions

    beginning of year $13,229 · end of year $9,144

Mission and programs · 2024

Mission

THE PENDLETON ROUND-UP FOUNDATION AND PENDLETON ROUND-UP HOLDINGS, LLC, A WHOLLY OWNED SUBSIDIARY OF THE FOUNDATION CONTRIBUTES TO VARIOUS EDUCATIONAL, RESEARCH, AND COMMUNITY ACTIVITIES IN THE LOCAL AND SURROUNDING AREAS. SPECIAL EVENTS ARE ORGANIZED TO COLLECT DONATIONS THAT WILL GO TOWARDS OTHER NON-PROFITS SUCH AS THE JUSTIN COWBOY CRISIS FUND THAT PROVIDES SUPPORT TO SEVERELY INJURED RODEO CONTESTANTS. IN ADDITION TO SUPPORTING AREA ACTIVITIES THROUGH CONTRIBUTIONS, THE FOUNDATION ALSO LOANS PERSONAL PROPERTY TO THE COMMUNITY TO FACILITATE AN ANNUAL COMMEMORATION DEPICTING LIFE OF THE EARLY EXPLORERS AND NATIVE AMERICANS IN THE 1800'S.

  • JUSTIN COWBOY CRISIS FUND AND CONTRIBUTIONS/SCHOLARSHIPS AND OTHER PROGRAM RELATED EXPENSES

    Expenses $43,500 · Grants $43,500 · Revenue $477,931

  • THE ORGANIZATION RECEIVED A FEDERAL GRANT TO HELP CONSTRUCT THE BLUE MOUNTAIN EQUINE CENTER.

    Expenses $3,017,506 · Grants $3,017,506 · Revenue $3,000,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steve Corey

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Marv Anderson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Butch Thurman

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Doug Corey

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Dennis Hunt

    VICE 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

  • BMCC

    $3,017,506

    BLUE MOUNTAIN EQUINE CENTER CONSTRUCTION

  • BMCC

    $43,500

    SCHOLARSHIPS

Provenance

Return type
form_990
Tax year
2024
Filed
29 April 2025
IRS schema version
2024v5.1
Source object
202531199349303253

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