Houston Livestock Show And Rodeo Educational Fund
- Assets
- $117.5m
- Revenue
- $14.0m
- Investments
- $21.2m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/1989
- Data as of
- 08/2020
- EIN
- 76-0260204
Organization Overview
Houston Livestock Show And Rodeo Educational Fund is located in Houston, TX. The organization was established in 1989. 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. Houston Livestock Show And Rodeo Educational Fund 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 08/2020, Houston Livestock Show And Rodeo Educational Fund generated $14.0m 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 (7.7%) each year. All expenses for the organization totaled $19.6m during the year ending 08/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Houston Livestock Show And Rodeo Educational Fund has awarded 561 individual grants totaling $32,975,765. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HLSR EDUCATIONAL FUND AWARDED 493 $20,000 SCHOLARSHIPS FOR TEXAS STUDENTS TO ATTEND TEXAS COLLEGES AND UNIVERSITIES. IT FUNDED ANOTHER 140 SCHOLARSHIPS TO TEXAS STUDENTS PARTICIPATING IN AND SELECTED BY 4-H & FFA. 49 OTHER SCHOLARSHIPS ARE AWARDED TO STUDENTS STUDYING SPECIFIC PROGRAMS AT UNIVERSITIES. IN ADDITION, THE ACHIEVEMENT SCHOLARSHIP WAS AWARDED TO OTHER EXISTING SCHOLARS, A TOTAL OF $1.2 MILLION AWARDED TO 99 STUDENTS.
AWARDED $2,501,297 IN EDUCATIONAL AND AGRICULTURE GRANTS TO VARIOUS ORGANIZATIONS. SOME OF THE GRANTS FOCUS ON SUPPORTING THE AGRICULTURAL INDUSTRY, BENEFITTING FFA AND 4-H PROGRAMS AND AGRICULTURAL PROGRAMS AT VARIOUS UNIVERSITIES. THERE ARE ALSO GRANTS FOR CHILDREN AND YOUTH EDUCATIONAL PROGRAMMING AT MANY CULTURAL ORGANIZATIONS, MAINLY FOCUSED IN THE HOUSTON AREA.
IN ADDITION TO THE SCHOLARSHIPS AND GRANTS AWARDED, RESOURCES ARE ALSO SPENT TO EDUCATE THE PUBLIC ON THE EDUCATIONAL FUND'S PROGRESS AND TO SUPPORT THE SCHOLARSHIP STUDENTS STRIVING TO MEET THEIR DEGREE GOALS. AN ANNUAL EXHIBIT INFORMS RODEO ATTENDEES OF THE EDUCATIONAL FUND'S ACTIVITIES AND EDUCATIONAL IMPACT ON THE COMMUNITY. STUDENT ASSISTANCE PROGRAMS, CAMPUS EVENTS, AND OTHER ENDEAVORS HELP GIVE STUDENTS THE RESOURCES TO BE SUCCESSFUL. ONCE A STUDENT HAS GRADUATED, THEY CAN JOIN THE SCHOLARSHIP ALUMNI ASSOCIATION, PROVIDING THEM A CHANCE TO GIVE BACK TO THE COMMUNITY AND ORGANIZATION, CONNECT WITH CURRENT SCHOLARS AND NETWORK WITH PAST SCHOLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Hazelton Vp,treasurer,asst Secretary | Officer | 1 | $0 |
Sherry Hibbert Secretary | Officer | 1 | $0 |
Chris Boleman President | Officer | 1 | $0 |
James Oliver Bloodworth Director | Trustee | 0.25 | $0 |
Julian Perry Hunnicutt III Director | Trustee | 0.25 | $0 |
Joe Van Matre Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,624,834 |
| Investment income | $1,806,366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,590,017 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,021,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $14,484,750 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $338,326 |
| Pension plan accruals and contributions | $55,815 |
| Other employee benefits | $46,883 |
| Payroll taxes | $23,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $107,329 |
| Fees for services: Other | $59,458 |
| Advertising and promotion | $8,366 |
| Office expenses | $3,661 |
| Information technology | $12,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $345 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $291 |
| All other expenses | $0 |
| Total functional expenses | $19,638,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $96,245,143 |
| Investments—other securities | $21,206,521 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,451,664 |
| Accounts payable and accrued expenses | $1,595,613 |
| 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 | $49,282,228 |
| Total liabilities | $50,877,841 |
| 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 |
| Total liabilities and net assets/fund balances | $66,573,823 |
Grants Awarded
Over the last fiscal year, Houston Livestock Show And Rodeo Educational Fund has awarded $2,393,750 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
NASA SHARED SERVICES CENTER PURPOSE: GRANTS | $100,000 |
Bellaire, TX PURPOSE: GRANTS | $100,000 |
Houston, TX PURPOSE: GRANTS | $100,000 |
Houston, TX PURPOSE: GRANTS | $100,000 |
TEXAS TECH UNIVERSITY PURPOSE: GRADUATE ASSISTANCE | $93,600 |
Houston, TX PURPOSE: GRANTS | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Houston Livestock Show And Rodeo Educational Fund has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Petroleum Equipment Institute Tulsa, OK | $10,127,893 | $3,682,039 |
Austin County Fair Association Inc Bellville, TX | $2,038,389 | $3,840,084 |