Skip to content
Nonprofiteer
← SAN ANTONIO LIVESTOCK EXPOSITION INC

Form 990 for tax year 2023

Filed by SAN ANTONIO LIVESTOCK EXPOSITION INC.

Totals

Total revenue
$49,671,870
Total expenses
$47,001,644
Contributions and grants received
$9,574,857
Grants paid
$4,774,054
Program service revenue
$39,272,131
Investment income
$247,052
Other revenue
$577,830
Total assets, end of year
$67,327,714
Total liabilities, end of year
$20,338,620
Net assets or fund balances, end of year
$46,989,094
Program services expenses (Part IX)
$40,180,995
Management and general expenses
$6,675,495
Fundraising expenses
$145,154
Program service expenses (Part III)
$40,180,995

Program services were 85.5% 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.

  • 1c · Fundraising events

    $169,281

  • 1d · Related organizations

    $125,000

  • 1f · All other contributions, gifts and grants

    $9,280,576

  • 1g · Noncash contributions included above

    $713,302

  • 2a · Program service revenue: STOCK SHOW AND RODEO

    total $37,667,862 · related or exempt $37,667,862

  • 2b · Program service revenue: OTHER REALTED EVENTS/ACTIVITY

    total $1,604,269 · related or exempt $1,604,269

  • 3 · Investment income

    total $214,875 · excluded $214,875

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $660,829

  • 6b · Less rental expenses

    real property $730,112

  • 6c · Rental income or loss

    real property -$69,283 · personal property $0

  • 6d · Net rental income or loss

    total -$69,283 · excluded -$69,283

  • 7a · Gross sales of assets other than inventory

    securities $464,402 · other assets $8,000

  • 7b · Less cost or other basis and sales expenses

    securities $440,225

  • 7c · Gain or loss

    securities $24,177 · other assets $8,000

  • 7d · Net gain or loss

    total $32,177 · excluded $32,177

  • 8a · Fundraising events: gross income

    $2,226,727

  • 8a · Fundraising events: contributions included on line 1c

    $169,281

  • 8b · Fundraising events: direct expenses

    $2,044,825

  • 8c · Net income from fundraising events

    total $181,902 · excluded $181,902

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $930,085

  • 10b · Cost of goods sold

    $464,874

  • 10c · Net income from sales of inventory

    total $465,211 · excluded $465,211

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,774,054 · program services $4,774,054

  • 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 $1,497,033 · program services $606,649 · management and general $890,384

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $3,962,235 · program services $3,709,744 · management and general $252,491

  • 8 · Pension plan contributions

    total $480,063 · management and general $480,063

  • 9 · Other employee benefits

    total $189,319 · management and general $189,319

  • 10 · Payroll taxes

    total $474,300 · management and general $474,300

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $114,730 · management and general $114,730

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $316,695 · program services $282,446 · management and general $34,249

  • 12 · Advertising and promotion

    total $1,407,817 · program services $1,407,817

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $307,411 · management and general $307,411

  • 17 · Travel

    total $31,872 · program services $15,029 · management and general $16,843

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $213,252 · program services $106,011 · management and general $107,241

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,649,378 · management and general $1,649,378

  • 23 · Insurance

    total $691,066 · program services $24,893 · management and general $666,173

  • 24a · Other expenses: AUCTION ITEMS

    total $169,371 · program services $164,867 · fundraising $4,504

  • 24b · Other expenses: CONTRACT LABOR

    total $668,638 · program services $593,196 · management and general $75,442

  • 24c · Other expenses: DONATIONS

    total $405,650 · program services $405,650

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $8,884 · program services $2,936 · management and general $5,948

  • 24e · All other expenses

    total $29,639,876 · program services $28,087,703 · management and general $1,411,523 · fundraising $140,650

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,651,886 · end of year $17,105,121

  • 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 $6,145,075 · end of year $10,460,355

  • 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 $162,535 · end of year $176,641

  • 9 · Prepaid expenses and deferred charges

    beginning of year $530,584 · end of year $510,285

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

    $53,832,299

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

    $23,562,899

  • 10c · Land, buildings and equipment, net

    beginning of year $22,121,963 · end of year $30,269,400

  • 11 · Investments: publicly traded securities

    beginning of year $3,159,446 · end of year $2,303,235

  • 12 · Investments: other securities

    beginning of year $0 · end of year $544,879

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $7,939,595 · end of year $5,957,798

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,160,428 · end of year $13,056,377

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $271,442 · end of year $401,155

  • 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 $9,410,326 · end of year $6,881,088

  • 27 · Net assets without donor restrictions

    beginning of year $38,391,215 · end of year $42,704,813

  • 28 · Net assets with donor restrictions

    beginning of year $5,477,673 · end of year $4,284,281

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

The opening sentence in san antonio livestock exposition's (sale) website - " a volunteer organization that emphasizes agriculture and education to develop the youth

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $40,180,995 · Grants $4,774,054 · Revenue $39,272,131

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Cody Davenport

    Exec Dir/CEO

    Total calculated
    $558,306
    From this org
    $513,487
    From related orgs
    $0
    Other
    $44,819
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $413,487
    Bonus
    $100,000
    Other
    not reported
    Deferred
    $19,800
    Nontaxable benefits
    $25,019
    Filer's total
    $558,306

  • Christopher Derby

    Marketing Officer

    Total calculated
    $231,540
    From this org
    $202,936
    From related orgs
    $0
    Other
    $28,604
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $177,936
    Bonus
    $25,000
    Other
    not reported
    Deferred
    $10,349
    Nontaxable benefits
    $18,255
    Filer's total
    $231,540

  • Jamie Brown

    CFO

    Total calculated
    $223,162
    From this org
    $205,493
    From related orgs
    $0
    Other
    $17,669
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $185,493
    Bonus
    $20,000
    Other
    not reported
    Deferred
    $11,164
    Nontaxable benefits
    $6,505
    Filer's total
    $223,162

  • Christopher Weaver

    Technology Officer

    Total calculated
    $212,897
    From this org
    $203,276
    From related orgs
    $0
    Other
    $9,621
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $188,276
    Bonus
    $15,000
    Other
    not reported
    Deferred
    $9,443
    Nontaxable benefits
    $178
    Filer's total
    $212,897

  • John Phelps

    Ticketing Officer

    Total calculated
    $193,316
    From this org
    $177,219
    From related orgs
    $0
    Other
    $16,097
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,219
    Bonus
    $20,000
    Other
    not reported
    Deferred
    $9,550
    Nontaxable benefits
    $6,547
    Filer's total
    $193,316

  • Thomas Adams

    Festival Officer

    Total calculated
    $163,114
    From this org
    $148,775
    From related orgs
    $0
    Other
    $14,339
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $130,775
    Bonus
    $18,000
    Other
    not reported
    Deferred
    $7,834
    Nontaxable benefits
    $6,505
    Filer's total
    $163,114

  • Karen Carawan

    Chief of Staff

    Total calculated
    $148,165
    From this org
    $123,127
    From related orgs
    $0
    Other
    $25,038
    Hours/week
    50

  • Cody Tharp

    Rodeo Officer

    Total calculated
    $114,936
    From this org
    $110,425
    From related orgs
    $0
    Other
    $4,511
    Hours/week
    50

  • Darci Owens

    Rodeo Officer

    Total calculated
    $59,335
    From this org
    $57,293
    From related orgs
    $0
    Other
    $2,042
    Hours/week
    50

  • BJ Hendler

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Rusty Collier

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Nancy Loeffler

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Bert Pfiester

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Dick Evans

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Richard Martinez

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • David White

    President

    Total calculated
    $0
    Hours/week
    2

  • Paul Bracher

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Todd Brockwell

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Allen Cole

    Vice Persident

    Total calculated
    $0
    Hours/week
    2

  • Mike Kirkpatrick

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Rob McClane

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Randy Vaclavik

    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. 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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Form 990, Schedule J, Part I, Line 3
IN 2008, THE AUDIT, FINANCE AND COMPENSATION SUBCOMMITTEE OF S.A.L.E. ESTABLISHED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR THE EXECUTIVE LEADERSHIP OF S.A.L.E. WITH THE INTENT TO PROMOTE STABILITY, RETENTION, CAPABILITY AND ATTRACTIVENESS TO THE EXECUTIVE LEADERSHIP. SINCE THE PREVIOUS EXECUTIVE DIRECTOR HAD BEEN WORKING AT S.A.L.E. SINCE 1989 AND THE OTHERS FOR SHORTER PERIODS, S.A.L.E. WAS HAVING TO ACCELERATE PAYMENTS TO FUND THE PLAN. THE FOLLOWING INDIVIDUALS WERE PARTICIPANTS IN THE SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN, FOR WHICH AN INCREASE OF $245,922 WAS RECORDED DURING THE FISCAL YEAR ENDED MARCH 31, 2024. THE FOLLOWING INDIVIDUALS WERE PARTICIPANTS DURING THE BEGINNING OF THE YEAR: JAMIE BROWN, KAREN CARAWAN, CHRISTOPHER DERBY, JOHN PHELPS, AND SETH C. DAVENPORT, AND THE FOLLOWING WERE PARTICIPANTS AT THE END OF THE YEAR: JAMIE BROWN, KAREN CARAWAN, CHRISTOPHER DERBY, JOHN PHELPS, AND SETH C. DAVENPORT. IN ADDITION, AN ACCRUAL OF THESE BENEFITS WAS $245,922 FOR THE FISCAL YEAR ENDED MARCH 31, 2024. INCLUDED IN PART II, COLUMN C (BUT ALSO INCLUDES THE EMPLOYER'S CONTRIBUTION TO THEIR RETIREMENT PLAN) ARE THE CURRENT YEAR DEFERRALS FOR THE SERP. THE TOTALS ARE AS FOLLOWS: JAMIE BROWN - $24,914, SETH C. DAVENPORT - $135,819, CHRISTOPHER DERBY - $22,345, KAREN CARAWAN - $12,576, THOMAS D. ADAMS - $16,534, CODY O. THARP - $12,398, AND JOHN PHELPS - $21,335. A FEW OTHER THINGS CONSIDERED WHEN DRAFTING THE ARRANGEMENT TOOK INTO EFFECT 1) THE FUNDS ARE PAYABLE AT RETIREMENT AND SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE, 2) THE AUDIT, FINANCE AND COMPENSATION SUBCOMMITTEE HAS REVIEWED THE FORM 990, AND 3) S.A.L.E. RELIED UPON REBUTTABLE PRESUMPTION GUIDELINES.

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 February 2025
IRS schema version
2023v6.0
Source object
202540379349301684

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.