Rio Grande Valley Livestock Show Inc
- Assets
- $9.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Mercedes, TX
- Founding
- 08/1950
- Data as of
- 04/2021
- EIN
- 74-1016713
Organization Overview
Rio Grande Valley Livestock Show Inc, operating under the name Rio Grande Valley Livestock Show, is located in Mercedes, TX. The organization was established in 1950. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 04/2022, Rio Grande Valley Livestock Show employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rio Grande Valley Livestock Show 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 04/2021, Rio Grande Valley Livestock Show generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $2.0m during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 6 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
TO PROVIDE A SAFE AND EDUCATIONAL ENVIRONMENT THAT PROMOTES FAMILY, COMMUNITY AND VOLUNTEERISM. WE STRIVE TO PROMOTE THE YOUTH OF SOUTH TEXAS THROUGH LEADERSHIP DEVELOPMENT, AGRICULTURAL EDUCATION, AND COMPETITION WITH A GOAL OF CREATING LEADERS OF TOMORROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED A TEN DAY SHOW FOR STUDENTS TO EXHIBIT THEIR ANIMALS, ART, HORTICULTURE, AND SHOP PROJECTS. THE RIO GRANDE VALLEY LIVESTOCK SHOW AWARDED AN ESTIMATED $2,600,00 DURING THE MARCH 2022 SHOW. THESE AWARDS INCLUDED: MARKET PREMIUMS, BREEDING PREMIUMS, OTHER PREMIUMS, VARIOUS AUCTION RE-SALE, VARIOUS AWARDS AND PRIZES. THE ORGANIZATION ALSO AWARDED 117 SCHOLARSHIPS TOTALING $61,050.
THE ORGANIZATION PROVIDED A TWO DAY SHOW CENTERED AROUND CITRUS AND VEGETABLES IN ORDER TO EDUCATE YOUTH AND PROMOTE AGRICULTURE. STUDENT MEMBERS OF 4-H, FFA, AND FFCLA THROUGHOUT THE RIO GRANDE VALLEY IN GRADES 3RD TO 12TH PARTICIPATED IN A NUMBER OF EVENTS FROM AG PRODUCT ID TO POSTER CONTESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armando Correa General Manager | Officer | 40 | $70,760 |
Horacio Garza Jr 1st Vice President | OfficerTrustee | 4 | $0 |
Mike Risica President | OfficerTrustee | 4 | $0 |
Sam Morrow 2nd Vice President | OfficerTrustee | 4 | $0 |
Edna Martinez Secretary | OfficerTrustee | 4 | $0 |
Bobby Sparks President Emeritus | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Box Office Management Servicesinc Ticketing | 4/29/20 | $125,484 |
Advertir Inc Advertising | 4/29/20 | $147,133 |
Rio Grande Valley Security Security | 4/29/20 | $102,006 |
Rio Grande Valley Security Security | 4/29/20 | $102,006 |
Box Office Management Servicesinc Ticketing | 4/29/20 | $125,484 |
Advertir Inc Advertising | 4/29/20 | $147,133 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $172,741 |
| All other contributions, gifts, grants, and similar amounts not included above | $515,492 |
| Noncash contributions included in lines 1a–1f | $46,565 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $688,233 |
| Total Program Service Revenue | $493,460 |
| Investment income | $26 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,406 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $18,120 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,310,467 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $59,050 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,286 |
| Compensation of current officers, directors, key employees. | $9,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $357,979 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,784 |
| Payroll taxes | $37,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,745 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,120 |
| Advertising and promotion | $42,658 |
| Office expenses | $16,909 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,857 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $535 |
| Interest | $46,131 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $459,067 |
| Insurance | $73,292 |
| All other expenses | $83,905 |
| Total functional expenses | $2,041,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,090 |
| Savings and temporary cash investments | $50,104 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $216,068 |
| 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 | $69,654 |
| Net Land, buildings, and equipment | $8,668,876 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,600,792 |
| Accounts payable and accrued expenses | $100,821 |
| Grants payable | $379,675 |
| Deferred revenue | $189,218 |
| 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 | $3,602,763 |
| Unsecured mortgages and notes payable | $111,800 |
| Other liabilities | $337,443 |
| Total liabilities | $4,721,720 |
| 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 | $4,879,072 |
| Total liabilities and net assets/fund balances | $9,600,792 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rio Grande Valley Livestock Show Inc has recieved totaling $14,500.
| Awarding Organization | Amount |
|---|---|
Hidalgo County Farm Bureau Pharr, TX PURPOSE: ASSIST YOUTH | $14,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Farm Bureau Waco, TX | $1,072,770,797 | $25,839,501 |
Arkansas Farm Bureau Federation Little Rock, AR | $66,846,371 | $16,311,552 |
Textile Exchange Lamesa, TX | $12,297,668 | $16,219,596 |
National Reined Cow Horse Association Pilot Point, TX | $5,326,422 | $10,193,097 |
Southern United States Trade Association Susta New Orleans, LA | $3,093,143 | $7,251,421 |
Louisiana Farm Bureau Federation Inc Baton Rouge, LA | $75,119,133 | $8,594,309 |
Mclennan County Fair Inc Waco, TX | $8,076,032 | $10,500,101 |
Agricultural Development Fund Fort Worth, TX | $1,257,000 | $6,712,594 |
Louisiana Quarter Horse Breeders Association Alexandria, LA | $10,986,998 | $7,601,612 |
National Finance Credit Corp Of Tx Fort Worth, TX | $196,184,500 | $9,101,860 |
Texas Quarter Horse Association Elgin, TX | $5,419,371 | $4,846,350 |
Bayou Sugar Growers Inc Carencro, LA | $1,179 | $4,490,376 |