Southwestern Exposition And Livestock Show, operating under the name Fort Worth Stock Show & Rodeo, is located in Fort Worth, TX. The organization was established in 1916. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 03/2022, Fort Worth Stock Show & Rodeo employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth Stock Show & Rodeo 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 03/2022, Fort Worth Stock Show & Rodeo generated $26.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $23.2m during the year ending 03/2022. While expenses have increased by 2.9% per year over the past 7 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, Fort Worth Stock Show & Rodeo has awarded 84 individual grants totaling $1,594,681. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED AND IS TO BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES. THE CORPORATION IS ORGANIZED TO HOLD AGRICULTURAL FAIRS AND ENCOURAGE AGRICULTURAL PURSUITS. PARTICULARLY, THE CORPORATION IS ORGANIZED AND OPERATED TO ENCOURAGE AND PROMOTE THE BREEDING, RAISING AND MARKETING OF BETTER CATTLE, SWINE, SHEEP, HORSES, MULES, POULTRY AND OTHER LIVESTOCK AND FARM PRODUCTS BY THE EXHIBITION OF SAID STOCK AND FARM PRODUCTS AT PUBLIC FAIRS, AND MAY PROMOTE AND MAINTAIN RESEARCH AND EDUCATIONAL ENDEAVORS IN CONNECTION WITH THE LIVESTOCK INDUSTRY. THE CORPORATION IS ADDITIONALLY FORMED TO ENCOURAGE, INSTRUCT, AND PROMOTE THE EDUCATION OF YOUTHS IN FORT WORTH, TARRANT COUNTY, TEXAS, AND ITS SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITION OF LIVESTOCK AND FARM PRODUCTS TO THE PUBLIC IN ORDER TO ENCOURAGE AND PROMOTE THE BREEDING, RAISING, AND MARKETING OF BETTER CATTLE AND AGRICULTURAL PRODUCTS. EACH YEAR THE STOCK SHOW ORGANIZES AND ADMINISTRATES A WORLD CLASS STOCK SHOW EVENT COMPOSED OF VARIOUS PUBLIC COMPETITIONS, EXHIBITIONS AND ENTERTAINMENT SUCH THAT THE EVENT ENHANCES INTEREST AND ENCOURAGES PARTICIPATION IN THE LIVESTOCK AND AGRI-BUSINESS FIELD BY RECOGNIZING AND REWARDING OUTSTANDING ACHIEVEMENT IN THEM. THE EVENT ATTRACTS AS MANY VISITORS AS POSSIBLE FROM THROUGHOUT THE STATE, ACROSS THE NATION AND AROUND THE WORLD TO FORT WORTH, THE CITY OF THIS STOCK SHOW'S HISTORIC ORIGIN IN 1896. IN 2021, THE STOCK SHOW ATTENDANCE WAS OVER 1.2 MILLION PEOPLE.
IMPROVING AND ASSISTING THE CITY OF FORT WORTH WITH THE WILL ROGERS MEMORIAL CENTER, THE PHYSICAL FACILITIES IN WHICH THE ANNUAL STOCK SHOW EVENTS AND ITS VARIOUS ACTIVITIES ARE HELD AND WHICH ARE OTHERWISE USED FOR EQUESTRIAN AND LIVESTOCK EVENTS THROUGHOUT THE BALANCE OF THE YEAR. THIS ASSISTANCE IS TO ENSURE THE FACILITIES CONTINUE TO SERVE THE NEEDS OF THE PEOPLE AND THE ORGANIZATIONS USING THEM, AND TO PRESERVE THEIR ECONOMIC IMPACT VALUE AS A MAJOR ASSET FOR THE CITY OF FORT WORTH. ALL PERMANENT IMPROVEMENTS MADE TO FACILITIES BY THE STOCK SHOW ARE TO THE BENEFIT OF AND TRANSFERRED TO THE CITY OF FORT WORTH. SINCE MOVING TO THE WILL ROGERS MEMORIAL CENTER IN 1944, THE ORGANIZATION HAS MADE AND TRANSFERRED IMPROVEMENTS TO THE CITY COSTING MORE THAN $73.1 MILLION IN CURRENT DOLLARS.
IN SUPPORT OF OUR MISSION, THE SOUTHWESTERN EXPOSITION AND LIVESTOCK SHOW IS COMMITTED TO ADVANCING THE EDUCATION OF ADULTS AND YOUTH ALIKE BY PROVIDING LEARNING OPPORTUNITIES AND PROVIDING SCHOLARSHIP OPPORTUNITIES FOR THE YOUTH OF TEXAS. IN ADDITION TO PROVIDING EDUCATIONAL GRANTS AND CONTRIBUTIONS TO VARIOUS CHARITABLE ORGANIZATIONS, THE STOCK SHOW MAINTAINS A VARIETY OF SCHOLARSHIP PROGRAMS THROUGH VARIOUS STOCK SHOW DEPARTMENTS. EACH DEPARTMENT IS RESPONSIBLE FOR RAISING THEIR SCHOLARSHIP FUNDS EACH YEAR AND THE SCHOLARSHIPS ARE AWARDED BY THE VARIOUS DEPARTMENT SUPERINTENDANTS BASED ON DEPARTMENT SPECIFIC GOALS. THE SCHOLARSHIPS ARE PAID OUT BY THE STOCK SHOW DIRECTLY TO THE COLLEGE OR UNIVERSITY, ON A SEMESTER BASIS, IN AMOUNTS RANGING FROM $500 TO $2,000 PER SEMESTER (BASED ON TOTAL AMOUNT AWARDED AND EIGHT SEMESTERS OF COLLEGE) ONCE ENROLLMENT HAS BEEN VERIFIED EACH SEMESTER BY THE COLLEGE OR UNIVERSITY OF THE RECIPIENT'S CHOICE. IN ADDITION TO THE STOCK SHOW SCHOLARSHIP PROGRAMS, THE STOCK SHOW SUPPORTS SEVERAL ORGANIZATIONS AND THEIR EXISTING SCHOLARSHIP PROGRAMS. THE STOCK SHOW WAS ABLE TO PROVIDE OVER 290 SCHOLARSHIPS AND EDUCATIONAL GRANTS THIS YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bradford S Barnes President/general Manager | OfficerTrustee | 40 | $373,281 |
Kimberly Dewoody Finance Director | Officer | 40 | $199,700 |
Bruce Mccarty Executive Vice President | Officer | 40 | $187,645 |
Matthew Carter Senior Executive Vice President | Trustee | 40 | $176,339 |
Pam Wright Department Manager | Officer | 40 | $152,152 |
Lauren Murray Department Manager | 40 | $123,600 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Crown Pps Llc Printed Products | 3/30/21 | $156,136 |
Lone Star Electric Electrical Contractor | 3/30/21 | $154,753 |
Rudy Zimmerer Hay Contractor | 3/30/21 | $116,728 |
G Martin Phillips Accounting Consulting | 3/30/21 | $105,788 |
The Letco Group Llc Pine Shavings | 3/30/21 | $109,668 |
Lone Star Electric Electrical Contractor | 3/30/21 | $154,753 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $22,850 |
Related organizations | $0 |
Government grants | $1,145,905 |
All other contributions, gifts, grants, and similar amounts not included above | $5,548,542 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,717,297 |
Total Program Service Revenue | $18,409,528 |
Investment income | $406,529 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $527,323 |
Net Income from Fundraising Events | $102,174 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $91,664 |
Miscellaneous Revenue | $0 |
Total Revenue | $26,254,515 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $845,968 |
Grants and other assistance to domestic individuals. | $520,552 |
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 | $1,530,679 |
Other salaries and wages | $3,173,523 |
Pension plan accruals and contributions | $834,836 |
Other employee benefits | $168,798 |
Payroll taxes | $351,863 |
Fees for services: Management | $0 |
Fees for services: Legal | $16,619 |
Fees for services: Accounting | $54,018 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $150,361 |
Fees for services: Other | $52,253 |
Advertising and promotion | $0 |
Office expenses | $82,827 |
Information technology | $158,780 |
Royalties | $0 |
Occupancy | $722,266 |
Travel | $50,432 |
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 | $156,227 |
Insurance | $228,044 |
All other expenses | $0 |
Total functional expenses | $23,213,333 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $193,589 |
Savings and temporary cash investments | $5,160 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,180,513 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $5,041 |
Prepaid expenses and deferred charges | $49,024 |
Net Land, buildings, and equipment | $1,001,112 |
Investments—publicly traded securities | $38,192,353 |
Investments—other securities | $288,993 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,764,838 |
Total assets | $42,680,623 |
Accounts payable and accrued expenses | $242,207 |
Grants payable | $11,315,946 |
Deferred revenue | $130,700 |
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 | $0 |
Total liabilities | $11,688,853 |
Net assets without donor restrictions | $27,752,950 |
Net assets with donor restrictions | $3,238,820 |
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 | $42,680,623 |
Over the last fiscal year, Southwestern Exposition And Livestock Show has awarded $277,429 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
Round Rock, TX PURPOSE: EDUCATION | $97,043 |
Fort Worth, TX PURPOSE: EDUCATION | $50,000 |
Fort Worth, TX PURPOSE: EDUCATION | $46,000 |
Fort Worth, TX PURPOSE: EDUCATION | $43,500 |
Fort Worth, TX PURPOSE: EDUCATION | $25,386 |
Austin, TX PURPOSE: EDUCATION | $8,000 |
Over the last fiscal year, we have identified 4 grants that Southwestern Exposition And Livestock Show has recieved totaling $131,500.
Awarding Organization | Amount |
---|---|
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $100,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $30,000 |
David M Schwarz Architects Charitable Foundation Inc Silver Spring, MD PURPOSE: CHARITABLE | $1,000 |
Once Upon A Time Foundation Fort Worth, TX PURPOSE: GENERAL SUPPORT | $500 |
Organization Name | Assets | Revenue |
---|---|---|
Southwestern Exposition And Livestock Show Fort Worth, TX | $42,680,623 | $26,254,515 |
Texas & Southwestern Cattle Raisers Association Fort Worth, TX | $17,279,002 | $9,900,679 |
National Reining Horse Association Oklahoma City, OK | $11,899,947 | $11,137,373 |
National Livestock Credit Corporation Oklahoma City, OK | $150,624,686 | $7,595,565 |
Oklahoma Cattlemens Association Inc Oklahoma City, OK | $1,815,271 | $1,815,588 |
Ranching Heritage Association Lubbock, TX | $3,709,330 | $1,901,466 |
Texas Dairy Herd Improvement Assn Canyon, TX | $291,447 | $1,634,168 |
Bob L Herd Foundation Tyler, TX | $31,980,436 | $2,127,283 |
Pasadena Livestock Show & Rodeo Association Inc Pasadena, TX | $639,099 | $1,663,574 |
American Brahman Breeders Assn Bryan, TX | $2,272,535 | $1,609,526 |
Lee County Junior Livestock Show Incorporated Giddings, TX | $540,745 | $1,026,033 |
Navarro County Exposition Center Inc Corsicana, TX | $721,704 | $915,827 |