Houston Livestock Show & Rodeo Inc
- Assets
- $424.7m
- Revenue
- $192.2m
- Investments
- $102.5m
- Employees
- 256
- Location
- Houston, TX
- Founding
- 11/1977
- Data as of
- 08/2023
- EIN
- 74-1142851
Organization Overview
Houston Livestock Show & Rodeo Inc is located in Houston, TX. The organization was established in 1977. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 08/2023, Houston Livestock Show & Rodeo Inc employed 256 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Livestock Show & Rodeo 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 08/2023, Houston Livestock Show & Rodeo Inc generated $192.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $153.8m during the year ending 08/2023. While expenses have increased by 4.3% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
- TOTAL ATTENDANCE FOR ALL ACTIVITIES ON THE GROUNDS, FEB. 23 - 25 (WORLD'S CHAMPIONSHIP BAR-B-QUE CONTEST, PRESENTED BY COTTON HOLDINGS) AND FEB. 28 - MARCH 19, 2023 (HOUSTON LIVESTOCK SHOW AND RODEO) REACHED 2,479,004. - IN THREE DAYS, THE WORLD'S CHAMPIONSHIP BAR-B-QUE CONTEST ENTERTAINED 214,903 GUESTS. - PAID RODEO/CONCERT ATTENDANCE REACHED 1,355,367. - RODEOHOUSTON COMMITTED $2.178 MILLION TO ITS CONTESTANTS IN 2023. - THE 2023 RODEOHOUSTON SUPER SERIES INVITED THE WORLD'S TOP RODEO ATHLETES TO COMPETE IN EIGHT TRADITIONAL RODEO EVENTS. - RODEOHOUSTON SUPER SERIES ATHLETES COMPETED FOR A SHARE OF $2,178,000 IN PRIZE MONEY. EACH EVENT CHAMPION RODE OUT OF NRG STADIUM WITH $50,000, PLUS WINNINGS FROM THE PRELIMINARY ROUNDS. - FOR 2023, RODEOHOUSTON SPLIT ITS WILD CARD ROUND INTO A TWO-DAY EVENT, ELIMINATING THE RODEOHOUSTON SUPER SHOOTOUT FROM THE SCHEDULE. THE MONEY FROM RODEOHOUSTON'S PREVIOUS ONE-DAY SUPER SHOOTOUT EVENT WAS REDISTRIBUTED TOWARDS THE SUPER SERIES PURSE PAYING DOWN TO 5TH AND 6TH PLACES. - 360 CONTESTANTS COMPETED OVER THE 20-DAY EVENT. - RODEOHOUSTON ADDED TWO NEW LOCAL QUALIFIERS FOR 2023 - FORT BEND COUNTY FAIR AND RODEO IN ROSENBERG, TEXAS AND WALLER COUNTY FAIR AND RODEO IN HEMPSTEAD, TEXAS. - LIVESTOCK AND HORSE SHOW COMPETITIONS DREW 35,320 ENTRIES. - JUNIOR AUCTION SALES TOTALED $22,617,879 (UNAUDITED PRELIMINARY TOTALS). - EIGHT AUCTION GRAND CHAMPION AND RESERVE GRAND CHAMPION LOTS SET RODEO RECORDS. - RODEO UNCORKED! CHAMPION WINE AUCTION: $2,795,200 - RANCHING & WILDLIFE: $463,730 - CALF SCRAMBLE AND JUDGING CONTEST WINNERS RECEIVED 374 CERTIFICATES, EACH WORTH $2,250, TO APPLY TOWARD THE PURCHASE OF A REGISTERED BEEF HEIFER OR STEER TO EXHIBIT AT THE 2024 HOUSTON LIVESTOCK SHOW AND RODEO. CERTIFICATE PREMIUMS TOTALED $841,500. - THE RODEO COMMITTED $22,560,562 TO THE YOUTH OF TEXAS IN 2023. - $14,286,000 IN SCHOLARSHIPS TO BE AWARDED THIS SUMMER; - $5,292,250 TO JUNIOR SHOW EXHIBITORS; - $2,517,722 IN EDUCATIONAL PROGRAM GRANTS; AND - $464,590 IN GRADUATE ASSISTANTSHIPS. THE HOUSTON LIVESTOCK SHOW AND RODEO PROMOTES AGRICULTURE BY HOSTING AN ANNUAL, FAMILY-FRIENDLY EXPERIENCE THAT EDUCATES AND ENTERTAINS THE PUBLIC, SUPPORTS TEXAS YOUTH, SHOWCASES WESTERN HERITAGE AND PROVIDES YEAR-ROUND EDUCATIONAL SUPPORT WITHIN THE COMMUNITY. SINCE ITS BEGINNING IN 1932, THE RODEO HAS COMMITTED MORE THAN $575 MILLION TO THE YOUTH OF TEXAS AND EDUCATION.
HOUSTON LIVESTOCK SHOW AND RODEO MAKES GRANTS TO THE AFFILIATED ORGANIZATION HOUSTON LIVESTOCK SHOW & RODEO EDUCATIONAL FUND (EIN: 76-0260204) IN SUPPORT OF APPROXIMATELY $17 MILLION IN SCHOLARSHIPS AND EDUCATIONAL GRANTS AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Boleman President | Officer | 50 | $521,316 |
Sherry Hibbert General Counsel(through 12/22) | Officer | 50 | $422,569 |
Peter Mcstravick Chief Strategic Planning Offic | 50 | $347,792 | |
Melinda Guerra-Reeves Chief Volunteer & Hr Officer | 50 | $323,946 | |
George Bayless Director - Entertainment | 50 | $257,473 | |
Wayne Crane Chief Technology Officer | 50 | $330,884 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ld Systems Inc Audio/video Services | 8/30/23 | $4,244,819 |
Getz Transport Solutions Llc Transportation Srvcs | 8/30/23 | $4,134,681 |
Aramark Sports And Entertainment Food Services | 8/30/23 | $4,112,135 |
Aramark Facility Services Cleaning Services | 8/30/23 | $2,626,766 |
Ray Cammack Shows Inc Carnival Services | 8/30/23 | $1,552,532 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,506,403 |
| Fundraising events | $990,576 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,139,427 |
| Noncash contributions included in lines 1a–1f | $306,728 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,636,406 |
| Total Program Service Revenue | $126,083,275 |
| Investment income | $5,110,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,373 |
| Net Gain/Loss on Asset Sales | $4,857,553 |
| Net Income from Fundraising Events | -$317,869 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$165,924 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $192,227,927 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,366,027 |
| 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. | $1,320,671 |
| Compensation of current officers, directors, key employees. | $1,219,902 |
| Compensation to disqualified persons | $272,612 |
| Other salaries and wages | $17,624,524 |
| Pension plan accruals and contributions | $1,385,176 |
| Other employee benefits | $3,239,623 |
| Payroll taxes | $1,440,924 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $403,734 |
| Fees for services: Accounting | $128,026 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $186,407 |
| Fees for services: Other | $33,080,130 |
| Advertising and promotion | $4,599,709 |
| Office expenses | $2,566,433 |
| Information technology | $2,210,802 |
| Royalties | $0 |
| Occupancy | $1,959,666 |
| Travel | $123,094 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,786 |
| Interest | $521,404 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,610,003 |
| Insurance | $1,517,957 |
| All other expenses | $17,099,719 |
| Total functional expenses | $153,785,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,607,942 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,257,344 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,469,513 |
| Inventories for sale or use | $1,238,421 |
| Prepaid expenses and deferred charges | $3,028,904 |
| Net Land, buildings, and equipment | $164,126,150 |
| Investments—publicly traded securities | $87,983,122 |
| Investments—other securities | $102,475,369 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,480,269 |
| Total assets | $424,667,034 |
| Accounts payable and accrued expenses | $8,518,756 |
| Grants payable | $0 |
| Deferred revenue | $50,073,991 |
| 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 | $35,273,249 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,256,827 |
| Total liabilities | $115,122,823 |
| Net assets without donor restrictions | $309,544,211 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $424,667,034 |