Professional Rodeo Cowboys Association Inc
- Assets
- $31.8m
- Revenue
- $19.8m
- Investments
- $0.0
- Employees
- 78
- Location
- Colorado Springs, CO
- Founding
- 11/1979
- Data as of
- 12/2023
- EIN
- 84-0414922
Organization Overview
Professional Rodeo Cowboys Association Inc, operating under the name Prca, is located in Colorado Springs, CO. The organization was established in 1979. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Prca employed 78 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Prca is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Prca generated $19.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $14.6m during the year ending 12/2023. While expenses have increased by 1.8% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO GROW THE SPORT OF PRORODEO, TO POSITIVELY IMPACT OUR COMMUNITIES, AND TO PROVIDE AN EXCEPTIONAL EXPERIENCE FOR OUR MEMBERS, FANS, AND SPONSORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SEVERAL SERVICES TO ITS MEMBERS: REGISTERING THE CONTESTANT MEMBERS IN RODEO EVENTS, PROVIDING A FAIR AND IMPARTIAL INTERPRETATION OF THE MEMBERSHIP RULE BOOK AND ENFORCING INFRACTIONS, FACILITATING THE ELECTION OF THE BOARD OF DIRECTORS AND RODEO EVENT REPRESENTATIVES AND THE PROPER RECORDING AND TIMELY NOTIFICATION OF MEMBERSHIP PRIZE MONEY STANDINGS IN ORDER TO VALIDATE PARTICIPATION IN REGIONAL AND NATIONAL CHAMPIONSHIPS.
JUDGING - THE ORGANIZATION PROVIDES A CERTIFIED MEMBER JUDGING PROGRAM. THESE MEMBER JUDGES OFFICIATE ALL PROFESSIONAL RODEO EVENTS. EXPENSES FOR THE JUDGING PROGRAM INCLUDE: SALARIES CONTRACT JUDGES, TRAVEL AND LODGING.
ANIMAL WELFARE - THE ORGANIZATION PROVIDES DIRECT FUNDING TO PROGRAMS THAT PROMOTE THE SPORT OF PROFESSIONAL RODEO, ANIMAL WEFARE, THE RODEO CIRCUIT SYSTEM AND THE AMERICAN WESTERN WAY OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Glause CEO | Officer | 10 | $0 |
Pamela Mcmanus Chief Financial Officer | Officer | 40 | $198,244 |
Steve Knowles Director Of Rodeo Admin | Officer | 40 | $177,167 |
Gordon Knopp Chief Technology Officer | Officer | 40 | $160,135 |
Melodie Spah VP Of Information Technology | 40 | $123,408 | |
Matt Reeves Director | Trustee | 10 | $19,685 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cyberlancers Llc It Service | 12/30/23 | $646,908 |
Stockman Kast Ryan Co Accounting | 12/30/23 | $250,808 |
All In It Event Support | 12/30/23 | $228,246 |
Las Vegas Events Event Service | 12/30/23 | $137,463 |
Internap Holding Llc It Service | 12/30/23 | $131,707 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| 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 | $0 |
| Total Program Service Revenue | $17,647,476 |
| Investment income | $391,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,251,437 |
| Net Rental Income | $11,000 |
| Net Gain/Loss on Asset Sales | -$476,257 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,825,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $691,843 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,450,364 |
| Pension plan accruals and contributions | $53,162 |
| Other employee benefits | $328,192 |
| Payroll taxes | $325,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,117 |
| Fees for services: Accounting | $240,750 |
| Fees for services: Lobbying | $115,002 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,988 |
| Fees for services: Other | $2,540,294 |
| Advertising and promotion | $14,000 |
| Office expenses | $931,432 |
| Information technology | $792,706 |
| Royalties | $0 |
| Occupancy | $357,412 |
| Travel | $965,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,089 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $549,344 |
| Insurance | $2,066,410 |
| All other expenses | $8,067 |
| Total functional expenses | $14,568,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,967,001 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,187,165 |
| 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 | $296,422 |
| Net Land, buildings, and equipment | $2,031,178 |
| Investments—publicly traded securities | $6,140,035 |
| Investments—other securities | $0 |
| Investments—program-related | $921,894 |
| Intangible assets | $0 |
| Other assets | $1,240,317 |
| Total assets | $31,784,012 |
| Accounts payable and accrued expenses | $3,455,224 |
| Grants payable | $0 |
| Deferred revenue | $1,827,394 |
| 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 | $5,282,618 |
| Net assets without donor restrictions | $26,501,394 |
| 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 | $31,784,012 |