Civic Intelligence

Minnesota High School Rodeo Association

990 • Fiscal year 2018 • EIN 41-1345287

Jan 01, 2018 to Dec 31, 2018 • Filed on May 16, 2019

17957 Cable AveLester Prairie, MN 55354

(507) 995-1263

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

19th percentile

-16%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

15th percentile

-30%

Faster asset growth than 15% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

38th percentile

-6.7%

Faster revenue growth than 38% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$130,593

Down $56,271 (-30%) from 2017

Net Assets

Down

$130,593

Down $56,271 (-30%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$356,093

Down $25,371 (-6.7%) from 2017

Expenses

Down

$412,364

Down $21,082 (-4.9%) from 2017

Net Income

Down

-$56,271

Down $4,289 (-8.3%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $81,543Liabilities 2010: $0Net Assets 2010: $81,5432010Assets 2014: $95,175Liabilities 2014: $02014Assets 2015: $77,186Liabilities 2015: $0Net Assets 2015: $77,1862015Assets 2016: $238,846Liabilities 2016: $0Net Assets 2016: $238,8462016Assets 2017: $186,864Liabilities 2017: $0Net Assets 2017: $186,8642017Assets 2018: $130,593Liabilities 2018: $0Net Assets 2018: $130,5932018Assets 2019: $142,179Liabilities 2019: $0Net Assets 2019: $142,1792019Assets 2020: $232,239Liabilities 2020: $0Net Assets 2020: $232,2392020Assets 2021: $353,811Liabilities 2021: $0Net Assets 2021: $353,8112021Assets 2022: $499,276Liabilities 2022: $0Net Assets 2022: $499,2762022Assets 2023: $527,810Liabilities 2023: $0Net Assets 2023: $527,8102023Assets 2024: $602,377Liabilities 2024: $0Net Assets 2024: $602,3772024

Highlighted filing

2018

Assets$130,593
Liabilities$0
Net Assets$130,593

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $324,6552010Revenue 2014: $334,331Expenses 2014: $328,837Net Income 2014: $5,4942014Revenue 2015: $421,975Expenses 2015: $381,176Net Income 2015: $40,7992015Revenue 2016: $545,738Expenses 2016: $472,638Net Income 2016: $73,1002016Revenue 2017: $381,464Expenses 2017: $433,446Net Income 2017: -$51,9822017Revenue 2018: $356,093Expenses 2018: $412,364Net Income 2018: -$56,2712018Revenue 2019: $367,689Expenses 2019: $356,103Net Income 2019: $11,5862019Revenue 2020: $230,927Expenses 2020: $140,867Net Income 2020: $90,0602020Revenue 2021: $435,809Expenses 2021: $314,237Net Income 2021: $121,5722021Revenue 2022: $516,537Expenses 2022: $371,072Net Income 2022: $145,4652022Revenue 2023: $500,225Expenses 2023: $471,691Net Income 2023: $28,5342023Revenue 2024: $593,947Expenses 2024: $519,380Net Income 2024: $74,5672024

Highlighted filing

2018

Revenue$356,093
Expenses$412,364
Net Income-$56,271
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 16, 2019
Return Version
2018v3.1
Gross Receipts
$356,093
Mission and Program Overview

Mission

The organization promotes regional high school rodeos on a statewide scale to keep the western heritage alive in minnesota; to promote the highest standards of conduct, sportsmanship, and education among the youth participating in the rodeos; to promote the humane treatment of animals; to promote a closer relationship among the familes participating in rodeos.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$186,864$130,593▼ $56,271
Cash and Non-Interest-Bearing Accounts$185,862$129,276▼ $56,586
Savings and Temporary Cash Investments$1,002$1,317▲ $315
Total Assets$186,864$130,593▼ $56,271
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$186,864$130,593▼ $56,271
Total Liabilities and Net Assets / Fund Balance$186,864$130,593▼ $56,271
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ted SlatharPresident
Lovette Spencer1st Vice Pre
Jamie Morris2nd Vice Pre
Jessica LalemanSecretary
Janelle ScheevelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$155,190
Program Service Revenue
$200,903
Investment Income
$0
Other Revenue
$0
All Other Contributions
$137,822
Change in Net Assets
$-56,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$412,364
Total Fundraising Expense$21,449
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$35,797$10,685-$46,482
Occupancy$26,905--$26,905
All Other Expenses$9,991$12,095-$22,086
Other Expenses$37,260$18,934$21,449$21,449
Advertising-$8,144-$8,144
Insurance-$6,285-$6,285
Travel-$3,680-$3,680
Office Expenses-$1,635-$1,635
Fees for Services Accounting-$1,407-$1,407
Total Functional Expenses$328,050$62,865$21,449$412,364
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

Ted slathar 14175 122nd st norwood, mn 55368 lovette spencer 24317 104th ave n ulen, mn 56585 jamie morris 30047 113th st pierz, mn 56364 jessica laleman 2965 11 rd marshall, mn 56258

Form 990, Page 6, Part VI, Line 11B

Minnesota high school rodeo has form 990 professionally prepared, with the treasurer providing necessary information to the cpa firm. When the return has been completed, the treasurer reviews the return for completeness and accuracy. The treasurer emails a copy of the return to interest board members for their review and consideration. Board members comments are discussed and resolved. And corrections are made as needed before the return is filed.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request from the state of minnesota secretary of state or from the minnesota high school rodeo treasurer.

Filing and Contact Details

Filer

Filer Name
Minnesota High School Rodeo
EIN
41-1345287
Phone
5079951263
Address
17957 CABLE AVE, LESTER PRAIRIE, MN 55354

Signing Officer

Name
Janelle Scheevel
Title
Treasurer
Signed
2019-05-16

Organization Details

Principal Officer
Ted Slathar
Formed
1955
Voting Board Members
25
Independent Board Members
24
Employees
0

Preparer

Firm
Kitchenmaster Klooster & Begalka Cpas
Address
1660 COMMERCE DRIVE, NORTH MANKATO, MN 56003-1912
Preparer
Alexander Swanson
Phone
5076254910
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization promotes regional high school rodeos on a statewide scale to keep the western heritage alive in minnesota; to promote the highest standards of conduct, sportsmanship, and education among the youth participating in the rodeos; to promote the humane treatment of animals; to promote a closer relationship among the familes participating in rodeos.

Form 990, Page 1, Part I, Line 6

Most of the effort required to organize and conduct the rodeos are provided by parent volunteers and parents of former rodeo participants. These volunteers arrange the venues; hire judges, announcers, and contractors as needed; setup and take down displays; keep scores, participant records,and financial records; park cars; direct attendees; prepare the grounds and clean up the grounds afterwards; advertise and promote events to the public; and perform many other essential tasks.

Form 990, Part IX, Line 11G

Judges, announcers, clowns 35,797 10,685 0

Raw XML Appendix318 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROMOTES REGIONAL HIGH SCHOOL RODEOS ON A STATEWIDE SCALE TO KEEP THE WESTERN HERITAGE ALIVE IN MINNESOTA; TO PROMOTE THE HIGHEST STANDARDS OF CONDUCT, SPORTSMANSHIP, AND EDUCATION AMONG THE YOUTH PARTICIPATING IN THE RODEOS; TO PROMOTE THE HUMANE TREATMENT OF ANIMALS; TO PROMOTE A CLOSER RELATIONSHIP AMONG THE FAMILES PARTICIPATING IN RODEOS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MOST OF THE EFFORT REQUIRED TO ORGANIZE AND CONDUCT THE RODEOS ARE PROVIDED BY PARENT VOLUNTEERS AND PARENTS OF FORMER RODEO PARTICIPANTS. THESE VOLUNTEERS ARRANGE THE VENUES; HIRE JUDGES, ANNOUNCERS, AND CONTRACTORS AS NEEDED; SETUP AND TAKE DOWN DISPLAYS; KEEP SCORES, PARTICIPANT RECORDS,AND FINANCIAL RECORDS; PARK CARS; DIRECT ATTENDEES; PREPARE THE GROUNDS AND CLEAN UP THE GROUNDS AFTERWARDS; ADVERTISE AND PROMOTE EVENTS TO THE PUBLIC; AND PERFORM MANY OTHER ESSENTIAL TASKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TED SLATHAR 14175 122ND ST NORWOOD, MN 55368 LOVETTE SPENCER 24317 104TH AVE N ULEN, MN 56585 JAMIE MORRIS 30047 113TH ST PIERZ, MN 56364 JESSICA LALEMAN 2965 11 RD MARSHALL, MN 56258
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MINNESOTA HIGH SCHOOL RODEO HAS FORM 990 PROFESSIONALLY PREPARED, WITH THE TREASURER PROVIDING NECESSARY INFORMATION TO THE CPA FIRM. WHEN THE RETURN HAS BEEN COMPLETED, THE TREASURER REVIEWS THE RETURN FOR COMPLETENESS AND ACCURACY. THE TREASURER EMAILS A COPY OF THE RETURN TO INTEREST BOARD MEMBERS FOR THEIR REVIEW AND CONSIDERATION. BOARD MEMBERS COMMENTS ARE DISCUSSED AND RESOLVED. AND CORRECTIONS ARE MADE AS NEEDED BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE STATE OF MINNESOTA SECRETARY OF STATE OR FROM THE MINNESOTA HIGH SCHOOL RODEO TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5JUDGES, ANNOUNCERS, CLOWNS 35,797 10,685 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0186864
IRS990/TotalAssetsEOYAmt0130593
IRS990/TotalAssetsGrp/BOYAmt0186864
IRS990/TotalAssetsGrp/EOYAmt0130593
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0155190
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt021449
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt062865
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0328050
IRS990/TotalFunctionalExpensesGrp/TotalAmt0412364
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0186864
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0130593
IRS990/TotalProgramServiceExpensesAmt0328050
IRS990/TotalProgramServiceRevenueAmt0200903
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0200903
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0356093
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0186864
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0130593
IRS990/TravelGrp/ManagementAndGeneralAmt03680
IRS990/TravelGrp/TotalAmt03680
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt014175 122ND ST
IRS990/USAddress/CityNm0NORWOOD
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055368
IRS990/VotingMembersGoverningBodyCnt025
IRS990/VotingMembersIndependentCnt024
IRS990/WebsiteAddressTxt0WWW.MNHSRODEO.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JANELLE SCHEEVEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA HIGH SCHOOL RODEO
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0411345287
ReturnHeader/Filer/PhoneNum05079951263
ReturnHeader/Filer/USAddress/AddressLine1Txt017957 CABLE AVE
ReturnHeader/Filer/USAddress/CityNm0LESTER PRAIRIE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055354
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02BB43AEE8ECB028342196DB202AC42AC85FDA7E3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId034966950C0FA5538C1DF343E326E4FA816957CDC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-07-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:51:53
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0462815829
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KITCHENMASTER KLOOSTER & BEGALKA CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01660 COMMERCE DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTH MANKATO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0560031912
ReturnHeader/PreparerPersonGrp/PhoneNum05076254910
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALEXANDER SWANSON
ReturnHeader/ReturnTs02019-07-11T08:51:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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