Tucson Rodeo Committee Inc
- Assets
- $2.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 36
- Location
- Tucson, AZ
- Founding
- 12/1988
- Data as of
- 05/2023
- EIN
- 86-0579801
Organization Overview
Tucson Rodeo Committee Inc is located in Tucson, AZ. The organization was established in 1988. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 05/2023, Tucson Rodeo Committee Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tucson Rodeo Committee Inc 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 05/2023, Tucson Rodeo Committee Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.7m during the year ending 05/2023. While expenses have increased by 3.2% 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 SUPPORT TUCSON, ARIZONA THROUGH THE SPORT OF RODEO BY PRODUCING A HIGH QUALITY PROFESSIONAL RODEO EVENT WHICH PROMOTES THE TRADITION AND CULTURAL HERITAGE OF THE COMMNUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORS LA FIESTA DE LOS VAQUEROS, THE ANNUAL TUCSON PROFESSIONAL RODEO, WHICH IS A COMMUNITY WIDE CELEBRATION OF THE HISTORY AND HERTITAGE OF TUCSON, ARIZONA (APPROXIMATELY ANNUAL 43,000 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Flanagan Director | Trustee | 1 | $0 |
Andrew Moran Director | Trustee | 1 | $0 |
Michael Payne Director | Trustee | 1 | $0 |
Courtney Ellis Director | Trustee | 1 | $0 |
Scott Sell Director | Trustee | 1 | $0 |
Tom Davenport Treasurer | OfficerTrustee | 5 | $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 | $2,240,758 |
| Investment income | $13,235 |
| 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 | $6,415 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,279,643 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,985 |
| 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 | $264,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,727 |
| Payroll taxes | $20,229 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,069 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,490 |
| Advertising and promotion | $105,020 |
| Office expenses | $41,413 |
| Information technology | $1,285 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $31,103 |
| Insurance | $21,030 |
| All other expenses | $665,922 |
| Total functional expenses | $1,678,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,452 |
| Savings and temporary cash investments | $2,013,193 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,500 |
| 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 |
| Net Land, buildings, and equipment | $431,621 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,590,766 |
| Accounts payable and accrued expenses | $8,315 |
| 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 | $8,315 |
| Net assets without donor restrictions | $2,582,451 |
| 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 | $2,590,766 |
Grants Awarded
Over the last fiscal year, Tucson Rodeo Committee Inc has awarded $20,985 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TUCSON RODEO FOUNDATION PURPOSE: GENRAL SUPPORT | $6,000 |
VARIOUS ORGANIZATIONS PURPOSE: GENERAL SUPPORT | $14,985 |