Phillipsburg Rodeo Association Inc
- Assets
- $493.3k
- Revenue
- $480.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Phillipsburg, KS
- Founding
- 11/1948
- Data as of
- 12/2021
- EIN
- 48-0619664
Organization Overview
Phillipsburg Rodeo Association Inc is located in Phillipsburg, KS. The organization was established in 1948. According to its NTEE Classification (N69) the organization is classified as: Equestrian, 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. Phillipsburg Rodeo Association Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Phillipsburg Rodeo Association Inc generated $480.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $288.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RODEO EVENT FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RODEO EVENT FOR THE ENJOYMENT AND BENEFIT OF THE COMMUNITY. COLLEGE SCHOLARSHIP FUNDED BY PROFITS IS AWARDED TO A STUDENT. TOUGH ENOUGH TO WEAR PINK DONATION, FUNDED BY ONE NIGHTS PROFITS IS ALSO DONATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Christy Sec/treas | OfficerTrustee | 5 | $0 |
JD Shelton President | OfficerTrustee | 5 | $0 |
Ricky Solida Vice President | OfficerTrustee | 5 | $0 |
Ed Tucker Director | Trustee | 5 | $0 |
Leroy Hays Director | Trustee | 5 | $0 |
Travis Stites Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $117,266 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,971 |
| Total Program Service Revenue | $233,387 |
| Investment income | $1,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,038 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $33,964 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $480,542 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,651 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $13,029 |
| Office expenses | $0 |
| 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 | $16,927 |
| Insurance | $16,440 |
| All other expenses | $55,494 |
| Total functional expenses | $288,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,142 |
| Savings and temporary cash investments | $303,398 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $104,773 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34 |
| Total assets | $493,347 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $488,347 |
| Total liabilities and net assets/fund balances | $493,347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Professional Association Of Therapeutic Horsemanship Intl Westminster, CO | $1,976,775 | $2,827,086 |
Colorado Springs Rodeo Association Colorado Springs, CO | $74,186 | $2,419,320 |
Oklahoma Quarter Horse Racing Association Inc Edmond, OK | $3,393,007 | $2,258,601 |
Omaha Equestrian Foundation Omaha, NE | $87,852 | $1,522,092 |
Nebraska Horsemens Benevolent & Protective Association Inc Lincoln, NE | $12,449,045 | $1,882,455 |
Oklahoma Quarter Horse Association Inc Oklahoma City, OK | $788,287 | $878,265 |
Dressage Foundation Inc Lincoln, NE | $5,766,770 | $817,574 |
The Missouri Quarter Horse Assn Cape Girardeau, MO | $199,114 | $484,150 |
Rocky Mountain Reining Horse Association Johnstown, CO | $490,766 | $503,226 |
Western Dressage Association Of America Parker, CO | $199,419 | $495,559 |
Quarter Horse Assoc Of Nebraska Osceola, NE | $246,701 | $486,538 |
Heartland Therapeutic Riding Inc Overland Park, KS | $2,752,863 | $491,341 |