South Dakota High School Rodeo Association Inc is located in Baltic, SD. The organization was established in 1988. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Dakota High School Rodeo Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, South Dakota High School Rodeo Association Inc generated $472.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $426.4k during the year ending 08/2022. While expenses have increased by 6.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COLLECT FUNDS FOR AND PROMOTE HIGH SCHOOL RODEOS IN SOUTH DAKOTA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE HIGH SCHOOL RODEO ACTIVITIES AND PROVIDE AWARDS TO STUDENTS WITHIN SOUTH DAKOTA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ann Sundermann Secretary | Trustee | 20 | $20,000 |
Lance Lesmeister President | Trustee | 0 | $0 |
Dale Christensen Natl Director | Trustee | 0 | $0 |
Perry Moody Vice President | Trustee | 0 | $0 |
Marty Philips Pr Director | Trustee | 0 | $0 |
Justin Pihl Nw Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $23,586 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $104,668 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $128,254 |
Total Program Service Revenue | $0 |
Investment income | $210 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $226,470 |
Net Income from Gaming Activities | $117,638 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $472,572 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $2,250 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $20,600 |
Compensation of current officers, directors, key employees. | $10,300 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $1,551 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $3,864 |
Office expenses | $15,880 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $210 |
Insurance | $1,825 |
All other expenses | $20,152 |
Total functional expenses | $426,428 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $228,172 |
Savings and temporary cash investments | $191,513 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $250 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,810 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1 |
Total assets | $421,746 |
Accounts payable and accrued expenses | $3,067 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $3,067 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $418,679 |
Total liabilities and net assets/fund balances | $421,746 |
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