Texas Rice Festival Inc
- Assets
- $889.3k
- Revenue
- $442.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Winnie, TX
- Founding
- 11/1971
- Data as of
- 12/2021
- EIN
- 74-1671901
Organization Overview
Texas Rice Festival Inc is located in Winnie, TX. The organization was established in 1971. According to its NTEE Classification (N52) the organization is classified as: Fairs, 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. Texas Rice Festival Inc 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, Texas Rice Festival Inc generated $442.8k 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 (7.0%) each year. All expenses for the organization totaled $497.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) 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
AGRICULTURAL EDUCATION AND PROMOTIONTO CONDUCT ACTIVITIES TO PROMOTE THE RICE INDUSTRY AND EDUCATE THE PUBLIC ABOUT THE RICE INDUSTRY AND OTHER AGRICULTURAL ACTIVITY IN SOUTHEAST TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE RICE INDUSTRY AND EDUCATE THE PUBLIC CONCERNING THE RICE INDUSTRY AND AGRICULTURE IN SOUTHEAST TEXAS, THE TEXAS RICE FESTIVAL HOLDS AN ANNUAL FESTIVAL IN OCTOBER.
TO PROMOTE THE RICE INDUSTRY AND AGRICULTURE IN SOUTHEAST TEXAS, THE TEXAS RICE FESTIVAL PARTICIPATES IN AREA YOUTH PROJECT SHOWS. THE ORGANIZATION PURCHASES ADD-ONS TO INCREASE THE SALES VALUE OF YOUTH PROJECT SALES. THE ORGANIZATION ALSO OFFERS SCHOLARHIPS TO AREA GRADUATING SENIORS TO PROMOTE AGRICULTURAL EDUCATION.
TO PROMOTE THE RICE INDUSTRY AND AGRICULTURE IN SOUTHEAST TEXAS, THE ORGANIZATION MAKES DONATIONS TO SEVERAL LOCAL COMMUNITY ORGANIZATIONS. NO DONATIONS EXCEEDED $5,000 TO ANY ORGANIZATION. IN 2017, THE ORGANIZATION MADE NO IMPROVEMENTS TO THE PARK WHERE THE FESTIVAL IS HELD. THE PARK IS OWNED BY CHAMBERS COUNTY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammie Gilfillian 1st Vice President | OfficerTrustee | 10 | $0 |
Jeff Leger President | OfficerTrustee | 30 | $0 |
Justin Devillier 2nd Vice President | OfficerTrustee | 10 | $0 |
Glen Kiker Secretary | OfficerTrustee | 10 | $0 |
Kelly Alton Treasurer | OfficerTrustee | 10 | $0 |
Kenny Deyoung Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,675 |
| Fundraising events | $176,965 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $181,640 |
| Total Program Service Revenue | $246,942 |
| Investment income | $477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,331 |
| 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 | $17,028 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $442,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750 |
| Grants and other assistance to domestic individuals. | $30,200 |
| 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 | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $235,617 |
| Advertising and promotion | $49,554 |
| Office expenses | $9,591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,483 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $230 |
| Interest | $9,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,769 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $497,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,327 |
| Savings and temporary cash investments | $51,299 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$20 |
| 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 | $711,670 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $889,276 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $39,000 |
| 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 | $153,942 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $192,942 |
| 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 | $696,334 |
| Total liabilities and net assets/fund balances | $889,276 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Rice Festival Inc has recieved totaling $300.
| Awarding Organization | Amount |
|---|---|
Penland Foundation Beaumont, TX PURPOSE: COMMUNITY CELEBRATION | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Livestock Show & Rodeo Inc Houston, TX | $373,631,947 | $77,585,862 |
State Fair Of Texas Dallas, TX | $104,850,223 | $80,726,809 |
San Antonio Livestock Exposition Inc San Antonio, TX | $39,007,333 | $12,434,499 |
Houston Livestock Show And Rodeo Educational Fund Houston, TX | $117,451,664 | $14,021,217 |
Earth Day Texas Inc Dallas, TX | $1,234,061 | $10,432,701 |
Bell County Expo Inc Belton, TX | $3,987,483 | $11,578,565 |
Albuquerque International Balloon Fiesta Inc Albuquerque, NM | $13,518,280 | $13,246,865 |
Gentilly Carnival Club Jefferson, LA | $3,366,886 | $4,740,044 |
Expo Center Of Taylor County Abilene, TX | $1,469,726 | $5,612,899 |
Arkansas Livestock Show Assoc Little Rock, AR | $4,870,203 | $5,931,539 |
Fairfield Village Community Inc Houston, TX | $4,878,144 | $5,460,075 |
International Association Of Venue Managers Inc Coppell, TX | $4,566,324 | $3,596,917 |