Destin Fishing Rodeo Incorporated
- Assets
- $122.4k
- Revenue
- $170.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Destin, FL
- Founding
- 11/1984
- Data as of
- 12/2021
- EIN
- 59-2281003
Organization Overview
Destin Fishing Rodeo Incorporated is located in Destin, FL. The organization was established in 1984. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Destin Fishing Rodeo Incorporated employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Destin Fishing Rodeo Incorporated is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Destin Fishing Rodeo Incorporated generated $170.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $150.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. 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
ATTRACT TOURISM TO THE DESTIN, FLORIDA AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
FISHING RODEO OPEN TO THE PUBLIC
SALES, INCLUDING GUIDEBOOKS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Boom Board Member | Trustee | $0 | |
John Brashears Director | Trustee | $0 | |
Trey Windes Director | Trustee | $0 | |
Tina Harbuck Past Chairma | Trustee | $0 | |
Eric Thrasher Vice Chairma | Trustee | $0 | |
Chris Schofield Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,488 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,488 |
| Total Program Service Revenue | $163,934 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | -$8,529 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $170,893 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $34,808 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,673 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,273 |
| 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 | $4,012 |
| Insurance | $11,374 |
| All other expenses | $2,534 |
| Total functional expenses | $150,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,255 |
| Savings and temporary cash investments | $0 |
| 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 | $45,245 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $24,937 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $122,437 |
| 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 | $21 |
| Total liabilities | $21 |
| 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 | $122,416 |
| Total liabilities and net assets/fund balances | $122,437 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chastain Horse Park Ltd Atlanta, GA | $5,890,220 | $3,355,861 |
Georgia Quarter Horse Association St Simon Island, GA | $316,797 | $1,423,621 |
Northeast Florida Equestrian Society Inc Jacksonville, FL | $290,303 | $1,418,012 |
Atlantic Coast Cutting Horse Association Inc Augusta, GA | $234,728 | $1,138,329 |
Equine-Assisted Therapies Of South Florida Inc Boca Raton, FL | $2,620,470 | $1,064,655 |
Georgia Dressage And Combined Training Association Inc Jasper, GA | $172,768 | $610,109 |
Alabama Deep Sea Fishing Rodeo Inc Mobile, AL | $1,333,637 | $501,868 |
Central Florida Hunter & Jumper Assoc Inc Tampa, FL | $100,025 | $533,712 |
Florida Quarter Horse Association Laurel, FL | $461,328 | $613,454 |
Storybook Farm Inc Opelika, AL | $1,160,196 | $640,839 |
Region 12 International Arabian Horse Association Inc Holt, FL | $326,481 | $553,412 |
International Andalusian And Lusitano Horse Association Birmingham, AL | $196,553 | $427,408 |