Colorado Springs Rodeo Association
- Assets
- $46.8k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 03/1967
- Data as of
- 12/2023
- EIN
- 84-0473034
Organization Overview
Colorado Springs Rodeo Association, operating under the name Pikes Peak Or Bust Rodeo, is located in Colorado Springs, CO. The organization was established in 1967. According to its NTEE Classification (N69) the organization is classified as: Equestrian, 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. Pikes Peak Or Bust Rodeo 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 12/2023, Pikes Peak Or Bust Rodeo generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 15.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE MONEY FOR LOCAL MILITARY FAMILIES AND PROMOTE OUR WESTERN HERITAGE. THESE PROCEEDS ARE TRANSFERRED TO THE PIKES PEAK OR BUST FOUNDATION WHO MAKE THE ANNUAL DISTRIBUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RODEO PROCEEDS ARE USED TO HELP LOCAL MILITARY FAMILIES. ALL OF OUR DISPOSABLE PROCEEDS ARE PAID TO THE PIKES PEAK OR BUST FOUNDATION, WHO THEN DISTRIBUTES THE PROCEEDS TO CHARITIES.
THE RODEO PROCEEDS ARE USED TO HELP LOCAL MILITARY FAMILIES. ALL OF OUR DISPOSABLE PROCEEDS ARE PAID TO THE PIKES PEAK OR BUST FOUNDATION, WHO THEN DISTRIBUTES THE PROCEEDS TO CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Carroll Secretary | OfficerTrustee | $0 | |
Scot Cuthbertson Director | Trustee | $0 | |
Dan Ferguson Director | Trustee | $0 | |
Ron Fitch Director | Trustee | $0 | |
Deanne Funkhouser Director | Trustee | $0 | |
Shaun Guilfoil Director | Trustee | $0 |
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 | $2,591,354 |
| Investment income | $1,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,592,412 |
| 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. | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $341,007 |
| Office expenses | $11,154 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $98,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,420 |
| All other expenses | $93,329 |
| Total functional expenses | $2,615,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,134 |
| 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 | $5,694 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,828 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $46,828 |
| Total liabilities and net assets/fund balances | $46,828 |