National Little Britches Rodeo
- Assets
- $3.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Colorado Springs, CO
- Founding
- 12/1973
- Data as of
- 08/2023
- EIN
- 84-0622356
Organization Overview
National Little Britches Rodeo is located in Colorado Springs, CO. The organization was established in 1973. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, National Little Britches Rodeo employed 4 individuals. This organization is the central organization for a national or regional group of organizations. National Little Britches 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 08/2023, National Little Britches Rodeo generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $2.7m during the year ending 08/2023. While expenses have increased by 5.9% 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
AWARD COLLEGE SCHOLARSHIPS TO WINNERS IN ANNUAL FINALS RODEO IN GUTHRIE, OKLAHOMA, PROMOTE RODEOS, OPEN FRANCHISES, AND SERVE MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED COLLEGE SCHOLARSHIPS TO WINNERS IN ANNUAL FINAL'S RODEO IN GUTHRIE, OKLAHOMA, PROMOTED RODEOS AND FRANCHISES AND SERVED MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Walter Executive Director | Officer | 40 | $94,802 |
Jimmy Lovelady Board Member | Trustee | 1 | $0 |
Jodi Stoddard Board Member | Trustee | 1 | $0 |
Paul Bottini Board Member | Trustee | 1 | $0 |
William Nelson Vp To 92022 President (from 9/14/2022) | OfficerTrustee | 5 | $0 |
Jason Grubb Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southwest Stall Service Llc Stall Cleaning Servi | 8/30/23 | $214,670 |
Spike Enterprise Sewage Service | 8/30/23 | $168,356 |
Dc Productions Videography Services | 8/30/23 | $160,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,880 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,676 |
| Noncash contributions included in lines 1a–1f | $18,580 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,556 |
| Total Program Service Revenue | $2,851,323 |
| Investment income | $23,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,677 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $14,568 |
| Net Income from Sales of Inventory | $34,255 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,925,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
| Grants and other assistance to domestic individuals. | $14,589 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,299 |
| Compensation of current officers, directors, key employees. | $19,860 |
| Compensation to disqualified persons | $15,009 |
| Other salaries and wages | $70,068 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,329 |
| Payroll taxes | $24,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,225 |
| Fees for services: Accounting | $4,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,546 |
| Fees for services: Other | $100,469 |
| Advertising and promotion | $10,607 |
| Office expenses | $95,842 |
| Information technology | $103,679 |
| Royalties | $0 |
| Occupancy | $21,716 |
| Travel | $54,278 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,595 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,371 |
| Insurance | $18,107 |
| All other expenses | $887,510 |
| Total functional expenses | $2,706,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $994,543 |
| Savings and temporary cash investments | $613,406 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,365 |
| 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 | $16,990 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,308,250 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $38,404 |
| Other assets | $1,190 |
| Total assets | $3,070,148 |
| Accounts payable and accrued expenses | $343,466 |
| Grants payable | $467,721 |
| Deferred revenue | $88,960 |
| 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 | $900,147 |
| Net assets without donor restrictions | $2,170,001 |
| 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 | $3,070,148 |