Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $38,109

• 1c · Fundraising events

  $357,491

• 1f · All other contributions, gifts and grants

  $824,093

• 1g · Noncash contributions included above

  $234,205

• 2a · Program service revenue: ADMISSIONS

  total $7,854,152 · related or exempt $7,854,152

• 2b · Program service revenue: AUCTION PROCEEDS

  total $2,805,980 · related or exempt $2,805,980

• 2c · Program service revenue: SPONSORSHIPS

  total $1,369,989 · related or exempt $1,369,989

• 2d · Program service revenue: CONCESSIONS & MERCHANDISE SALES

  total $1,249,596 · related or exempt $1,249,596

• 2e · Program service revenue: EXHIBITOR AND OTHER FEES

  total $975,401 · related or exempt $975,401

• 3 · Investment income

  total $450,055 · excluded $450,055

• 7a · Gross sales of assets other than inventory

  securities $1,433,825

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

  securities $1,409,023

• 7c · Gain or loss

  securities $24,802

• 7d · Net gain or loss

  total $24,802 · excluded $24,802

• 8a · Fundraising events: gross income

  $1,795,709

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

  $357,491

• 8b · Fundraising events: direct expenses

  $926,301

• 8c · Net income from fundraising events

  total $869,408 · excluded $869,408

• 9a · Gaming: gross income

  $85,850

• 9b · Gaming: direct expenses

  $16,330

• 9c · Net income from gaming

  total $69,520 · excluded $69,520

• 11a · Other revenue: PARTNERSHIP MEDIA RIGHTS

  total $142,000 · related or exempt $142,000

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $77,358 · related or exempt $77,358

• 11e · Other revenue, total

  $219,358

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $3,050,071 · program services $3,050,071

• 5 · Compensation of officers, directors and key employees

  total $543,138 · program services $329,142 · management and general $153,165 · fundraising $60,831

• 7 · Other salaries and wages

  total $1,198,817 · program services $726,483 · management and general $338,066 · fundraising $134,268

• 8 · Pension plan contributions

  total $24,724 · program services $14,983 · management and general $6,972 · fundraising $2,769

• 9 · Other employee benefits

  total $103,066 · program services $62,457 · management and general $29,065 · fundraising $11,544

• 10 · Payroll taxes

  total $130,433 · program services $79,043 · management and general $36,782 · fundraising $14,608

• 11b · Fees: legal

  total $6,275 · management and general $6,275

• 11c · Fees: accounting

  total $24,500 · management and general $24,500

• 11f · Fees: investment management

  total $38,845 · management and general $38,845

• 11g · Fees: other

  total $1,874,386 · program services $1,829,692 · management and general $44,694

• 12 · Advertising and promotion

  total $696,925 · management and general $696,925

• 13 · Office expenses

  total $224,342 · program services $109,129 · management and general $115,213

• 14 · Information technology

  total $127,303 · management and general $127,303

• 16 · Occupancy

  total $1,476,322 · program services $1,411,702 · management and general $64,620

• 17 · Travel

  total $13,745 · management and general $13,745

• 20 · Interest

  total $18,063 · management and general $18,063

• 22 · Depreciation, depletion and amortization

  total $246,537 · program services $149,402 · management and general $69,523 · fundraising $27,612

• 23 · Insurance

  total $156,720 · program services $94,972 · management and general $44,195 · fundraising $17,553

• 24a · Other expenses: RODEO ENTERTAINMENT

  total $1,397,679 · program services $1,397,679

• 24b · Other expenses: OTHER EVENT EXPENSES

  total $1,369,756 · program services $1,369,756

• 24c · Other expenses: PRIZES & RIBBONS

  total $1,008,969 · program services $1,008,969

• 24d · Other expenses: MISCELLANEOUS EXPENSE

  total $166,983 · management and general $166,983

• 24e · All other expenses

  total $148,467 · program services $148,467

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,536,672 · end of year $4,501,428

• 2 · Savings and temporary cash investments

  beginning of year $4,589,989 · end of year $7,045,141

• 4 · Accounts receivable

  beginning of year $668,607 · end of year $1,943,639

• 9 · Prepaid expenses and deferred charges

  beginning of year $100,676 · end of year $77,005

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

  $4,938,216

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

  $3,422,521

• 10c · Land, buildings and equipment, net

  beginning of year $1,540,041 · end of year $1,515,695

• 11 · Investments: publicly traded securities

  beginning of year $5,794,988 · end of year $7,205,394

• 17 · Accounts payable and accrued expenses

  beginning of year $688,982 · end of year $3,930,760

• 18 · Grants payable

  beginning of year $318,420 · end of year $519,034

• 19 · Deferred revenue

  beginning of year $7,514 · end of year $6,719

• 23 · Secured mortgages and notes payable

  beginning of year $214,000 · end of year $160,994

• 27 · Net assets without donor restrictions

  beginning of year $10,178,571 · end of year $13,102,550

• 28 · Net assets with donor restrictions

  beginning of year $3,823,486 · end of year $4,568,245

The filer's explanations (Part III)

PART I, LINE 7

BONUS PAYMENTS ARE NOT GUARANTEED AND ARE DETERMINED AT THE DISCRETION OF RODEO AUSTIN MANAGEMENT. THEY ARE AWARDED BASED UPON INDIVIDUAL, TEAM AND ORGANIZATIONAL PERFORMANCE.