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Nonprofiteer
← RIO GRANDE VALLEY LIVESTOCK SHOW INC

Form 990 for tax year 2022

Filed by RIO GRANDE VALLEY LIVESTOCK SHOW INC.

Totals

Total revenue
$5,825,681
Total expenses
$5,385,178
Contributions and grants received
$1,142,164
Grants paid
$77,050
Program service revenue
$4,221,762
Investment income
$7,288
Other revenue
$454,467
Total assets, end of year
$10,297,994
Total liabilities, end of year
$3,919,693
Net assets or fund balances, end of year
$6,378,301
Program services expenses (Part IX)
$4,720,717
Management and general expenses
$631,530
Fundraising expenses
$32,931
Program service expenses (Part III)
$4,720,717

Program services were 87.7% 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)

    $337,842

  • 1f · All other contributions, gifts and grants

    $804,322

  • 1g · Noncash contributions included above

    $34,951

  • 2a · Program service revenue: ADMISSIONS

    total $1,955,750 · related or exempt $1,955,750

  • 2b · Program service revenue: CARNIVAL

    total $869,201 · excluded $869,201

  • 2c · Program service revenue: CONCESSION INCOME

    total $682,477 · excluded $682,477

  • 2d · Program service revenue: PARKING

    total $406,439 · related or exempt $406,439

  • 2e · Program service revenue: EXHIBITOR FEES

    total $256,684 · related or exempt $256,684

  • 2f · All other program service revenue

    total $51,211 · related or exempt $51,211

  • 3 · Investment income

    total $7,288 · excluded $7,288

  • 6a · Gross rents

    real property $86,710

  • 6b · Less rental expenses

    real property $11,869

  • 6c · Rental income or loss

    real property $74,841

  • 6d · Net rental income or loss

    total $74,841 · excluded $74,841

  • 8a · Fundraising events: gross income

    $226,558

  • 8b · Fundraising events: direct expenses

    $16,246

  • 8c · Net income from fundraising events

    total $210,312 · excluded $210,312

  • 9a · Gaming: gross income

    $15,245

  • 9b · Gaming: direct expenses

    $3,588

  • 9c · Net income from gaming

    total $11,657 · excluded $11,657

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $127,650 · related or exempt $127,650

  • 11b · Other revenue: INSURANCE CLAIM REIMBURSEMENT

    total $13,415 · related or exempt $13,415

  • 11c · Other revenue: PEPSI SPONSORSHIP

    total $10,000 · unrelated business $10,000

  • 11d · All other revenue

    total $6,592 · related or exempt $6,592

  • 11e · Other revenue, total

    $157,657

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $77,050 · program services $77,050

  • 5 · Compensation of officers, directors and key employees

    total $93,345 · program services $76,161 · management and general $13,440 · fundraising $3,744

  • 7 · Other salaries and wages

    total $568,449 · program services $463,802 · management and general $81,847 · fundraising $22,800

  • 9 · Other employee benefits

    total $69,710 · program services $56,877 · management and general $10,037 · fundraising $2,796

  • 10 · Payroll taxes

    total $63,631 · program services $47,975 · management and general $12,177 · fundraising $3,479

  • 11b · Fees: legal

    total $72,141 · management and general $72,141

  • 11c · Fees: accounting

    total $11,743 · management and general $11,743

  • 11g · Fees: other

    total $419,636 · program services $409,432 · management and general $10,204

  • 12 · Advertising and promotion

    total $177,898 · program services $177,898

  • 13 · Office expenses

    total $104,800 · program services $11,124 · management and general $93,564 · fundraising $112

  • 16 · Occupancy

    total $307,101 · program services $188,865 · management and general $118,236

  • 17 · Travel

    total $452 · management and general $452

  • 20 · Interest

    total $187,410 · program services $187,410

  • 22 · Depreciation, depletion and amortization

    total $445,638 · program services $436,566 · management and general $9,072

  • 23 · Insurance

    total $104,381 · program services $90,863 · management and general $13,518

  • 24a · Other expenses: EVENTS

    total $394,716 · program services $394,716

  • 24b · Other expenses: EXHIBITOR OUTRIGHT PAYM

    total $336,483 · program services $336,483

  • 24c · Other expenses: CONTRACT LABOR

    total $325,789 · program services $223,106 · management and general $102,683

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $322,049 · program services $322,049

  • 24e · All other expenses

    total $1,302,756 · program services $1,220,340 · management and general $82,416

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,379,924 · end of year $1,411,215

  • 2 · Savings and temporary cash investments

    beginning of year $49,109 · end of year $125,903

  • 4 · Accounts receivable

    beginning of year $108,418 · end of year $256,525

  • 9 · Prepaid expenses and deferred charges

    beginning of year $79,701 · end of year $92,919

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

    $16,587,397

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

    $8,386,301

  • 10c · Land, buildings and equipment, net

    beginning of year $8,262,690 · end of year $8,201,096

  • 15 · Other assets

    beginning of year $0 · end of year $210,336

  • 17 · Accounts payable and accrued expenses

    beginning of year $95,102 · end of year $172,737

  • 18 · Grants payable

    beginning of year $391,225 · end of year $357,675

  • 19 · Deferred revenue

    beginning of year $189,218 · end of year $189,218

  • 23 · Secured mortgages and notes payable

    beginning of year $3,266,499 · end of year $3,200,063

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $5,937,798 · end of year $6,378,301

Mission and programs · 2022

Mission

TO PROVIDE A SAFE AND EDUCATIONAL ENVIRONMENT THAT PROMOTES FAMILY, COMMUNITY AND VOLUNTEERISM. WE STRIVE TO PROMOTE THE YOUTH OF SOUTH TEXAS THROUGH LEADERSHIP DEVELOPMENT, AGRICULTURAL EDUCATION, AND COMPETITION WITH A GOAL OF CREATING LEADERS OF TOMORROW.

  • THE ORGANIZATION PROVIDED A TEN DAY SHOW FOR STUDENTS TO EXHIBIT THEIR ANIMALS, ART, HORTICULTURE, AND SHOP PROJECTS. THE RIO GRANDE VALLEY LIVESTOCK SHOW AWARDED AN ESTIMATED $1,485,000 DURING THE MARCH 2023 SHOW. THESE AWARDS INCLUDED: MARKET PREMIUMS, BREEDING PREMIUMS, OTHER PREMIUMS, VARIOUS AUCTION RE-SALE, VARIOUS AWARDS AND PRIZES. THE ORGANIZATION ALSO AWARDED 92 SCHOLARSHIPS TOTALING $77,050.

    Expenses $4,716,962 · Grants $77,050 · Revenue $2,801,791

  • THE ORGANIZATION PROVIDED A TWO DAY SHOW CENTERED AROUND CITRUS AND VEGETABLES IN ORDER TO EDUCATE YOUTH AND PROMOTE AGRICULTURE. STUDENT MEMBERS OF 4-H, FFA, AND FFCLA THROUGHOUT THE RIO GRANDE VALLEY IN GRADES 3RD TO 12TH PARTICIPATED IN A NUMBER OF EVENTS FROM AG PRODUCT ID TO POSTER CONTESTS.

    Expenses $3,755 · Revenue $15,950

As filed on the 2022 return.

Listed in Part VII

  • Mike Risica

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Horacio Garza Jr

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Sam Morrow

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Edna Martinez

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Bobby Sparks

    PRESIDENT EMERITUS

    Total calculated
    $0
    Hours/week
    4

  • Sherilyn Goad

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Ryan Vaughan

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    4

  • Daniel Acevedo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Glenn Bell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Joe C Ballenger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Reagan Florence

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lucas Hinojosa DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Bill Wentz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Earl Neuhaus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Felo Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Abel Suarez Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Mitch Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Armando Correa

    GENERAL MANAGER

    Total calculated
    $88,957
    From this org
    $79,707
    From related orgs
    $0
    Other
    $9,250
    Hours/week
    40

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
15 March 2024
IRS schema version
2022v5.0
Source object
202420759349302002

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