Silver Spurs Club Inc
- Assets
- $4.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Kissimmee, FL
- Founding
- 07/1969
- Data as of
- 06/2023
- EIN
- 59-1111474
Organization Overview
Silver Spurs Club Inc is located in Kissimmee, FL. The organization was established in 1969. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silver Spurs Club 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 06/2023, Silver Spurs Club Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 1.5% per year over the past 8 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.
Since 2016, Silver Spurs Club Inc has awarded 22 individual grants totaling $149,361. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF SILVER SPURS CLUB, INC. IS THE PRODUCTION OF RODEOS. SILVER SPURS IS THE LARGEST RODEO EAST OF THE MISSISSIPPI AND IS ANNUALLY RANKED AMONG THE TOP 50 EVENTS SANCTIONED BY THE PROFESSIONAL RODEO COWBOYS ASSOCIATION. PRESENTLY, THE SILVER SPURS CLUB HAS 414 MEMBERS, OF WHICH 45 ARE CLUB FOUNDERS AND MANY ARE STILL PERFORMING IMPORTANT ROLES IN THE CLUB AND THE COMMUNITY. ALTHOUGH THE RODEO HAS GROWN INTO A LARGE BUSINSESS AS ONE OF OSCEOLA COUNTY'S PREMIER EVENTS, THE WORK CONTINUES TO BE DONE BY CLUB MEMBERS, THEIR FAMILIES, AND VOLUNTEERS. THE SILVER SPURS RIDING CLUB, ALONG WITH ITS UNCOMPROMISING LOVE OF ANIMALS, LAND, AND THE OUTDOORS, IS PRESERVING AN AMERICAN TRADITION THAT HAS BEEN PASSED DOWN FOR GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRODUCED TWO EVENTS IN FEBRUARY 2023, WITH AN AVERAGE ATTENDANCE OF 7,000 PER RODEO OVER 4 DAYS AND A TWO DAY RODEO IN JUNE 2023. SILVER SPURS AWARDED $4,000 IN SCHOLARSHIPS OSCEOLA COUNTY STUDENTS. ADDITIONALLY, SPURS MEMBERS VOLUNTEER AT DIFFERENT COMMUNITY EVENTS WITH THEIR TIME & LABOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clifton Chapman President | OfficerTrustee | 4 | $0 |
Sara Berlinsky Vice President | OfficerTrustee | 4 | $0 |
Randy Booth Vice President | OfficerTrustee | 4 | $0 |
Henry Thacker Treasurer | OfficerTrustee | 4 | $0 |
Kaye Whaley Secretary | OfficerTrustee | 1 | $0 |
Rayelynne Ketchum Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $245,194 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,194 |
| Total Program Service Revenue | $1,310,967 |
| Investment income | $1,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$228,407 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,341,755 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,085 |
| Grants and other assistance to domestic individuals. | $500 |
| 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 | $72,977 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $62,750 |
| Fees for services: Legal | $4,130 |
| 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 | $234,091 |
| Advertising and promotion | $147,897 |
| Office expenses | $22,703 |
| Information technology | $5,550 |
| Royalties | $0 |
| Occupancy | $10,000 |
| Travel | $9,774 |
| 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 | $27,656 |
| Insurance | $34,060 |
| All other expenses | $260,455 |
| Total functional expenses | $1,261,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $640,619 |
| Savings and temporary cash investments | $281,829 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,209 |
| 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 | $3,465,643 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,389,300 |
| 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 | $24,390 |
| Total liabilities | $24,390 |
| 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 | $4,364,910 |
| Total liabilities and net assets/fund balances | $4,389,300 |
Grants Awarded
Over the last fiscal year, Silver Spurs Club Inc has awarded $14,705 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KISSIMMEE VALLEY LIVESTOCK SHOW PURPOSE: FOSTER THE DEVELOPMENT OF EDUCATION, COMMERCE, INDUSTRY AND AGRICULTURE | $7,205 |
THE FOUNDATION FOR OSCEOLA EDUCATION INC PURPOSE: SCHOLARSHIP | $7,500 |