Civic Intelligence

Burnet County Fair & Rodeo Association

990 • Fiscal year 2015 • EIN 74-1606867

Apr 01, 2014 to Mar 31, 2015 • Filed on Jan 05, 2016

PO Box 153Burnet, TX 78611

(512) 653-2964

Siviq Scores

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

Liabilities / Assets

59th percentile

0.01x

Higher debt load relative to assets than 59% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

71st percentile

0.03x

Higher debt load relative to revenue than 71% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

11th percentile

-33%

Higher net margin than 11% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

39th percentile

-3.0%

Faster asset growth than 39% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

15th percentile

-33%

Faster revenue growth than 15% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$189,697

Down $5,903 (-3.0%) from 2014

Net Assets

Down

$188,731

Down $6,869 (-3.5%) from 2014

Liabilities

Up

$966

Up $966 from 2014

Revenue

Down

$34,581

Down $17,131 (-33%) from 2014

Expenses

Down

$46,094

Down $10,018 (-18%) from 2014

Net Income

Down

-$11,513

Down $7,113 (-162%) from 2014

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $224,189Liabilities 2011: $0Net Assets 2011: $224,1892011Assets 2012: $207,435Liabilities 2012: $0Net Assets 2012: $207,4352012Assets 2013: $200,000Liabilities 2013: $0Net Assets 2013: $200,0002013Assets 2014: $195,600Liabilities 2014: $0Net Assets 2014: $195,6002014Assets 2015: $189,697Liabilities 2015: $966Net Assets 2015: $188,7312015Assets 2016: $182,115Liabilities 2016: $0Net Assets 2016: $182,1152016Assets 2017: $184,815Liabilities 2017: $1,143Net Assets 2017: $183,6722017Assets 2018: $180,912Liabilities 2018: $7,500Net Assets 2018: $173,4122018Assets 2019: $175,204Liabilities 2019: $231Net Assets 2019: $174,9732019Assets 2020: $179,301Liabilities 2020: $0Net Assets 2020: $179,3012020Assets 2021: $185,579Liabilities 2021: $1,000Net Assets 2021: $184,5792021Assets 2022: $219,312Liabilities 2022: $0Net Assets 2022: $219,3122022Assets 2023: $252,931Liabilities 2023: $0Net Assets 2023: $252,9312023Assets 2024: $258,718Liabilities 2024: $0Net Assets 2024: $258,7182024Assets 2025: $238,326Liabilities 2025: $0Net Assets 2025: $238,3262025

Highlighted filing

2015

Assets$189,697
Liabilities$966
Net Assets$188,731

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $77,630Expenses 2011: $48,881Net Income 2011: $28,7492011Revenue 2012: $34,683Expenses 2012: $51,437Net Income 2012: -$16,7542012Revenue 2013: $47,994Expenses 2013: $55,429Net Income 2013: -$7,4352013Revenue 2014: $51,712Expenses 2014: $56,112Net Income 2014: -$4,4002014Revenue 2015: $34,581Expenses 2015: $46,094Net Income 2015: -$11,5132015Revenue 2016: $39,057Expenses 2016: $46,639Net Income 2016: -$7,5822016Revenue 2017: $45,997Expenses 2017: $43,297Net Income 2017: $2,7002017Revenue 2018: $33,894Expenses 2018: $35,058Net Income 2018: -$1,1642018Revenue 2019: $51,252Expenses 2019: $49,460Net Income 2019: $1,7922019Revenue 2020: $48,087Expenses 2020: $43,990Net Income 2020: $4,0972020Revenue 2021: $40,743Expenses 2021: $35,465Net Income 2021: $5,2782021Revenue 2022: $82,687Expenses 2022: $47,954Net Income 2022: $34,7332022Revenue 2023: $117,115Expenses 2023: $83,496Net Income 2023: $33,6192023Revenue 2024: $92,697Expenses 2024: $86,910Net Income 2024: $5,7872024Revenue 2025: $68,496Expenses 2025: $88,888Net Income 2025: -$20,3922025

Highlighted filing

2015

Revenue$34,581
Expenses$46,094
Net Income-$11,513
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Jan 5, 2016
Return Version
2014v6.0
Gross Receipts
$90,654
Mission and Program Overview

Mission

Fair and rodeo activities for the people of burnet county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$161,284$157,511▼ $3,773
Savings and Temporary Cash Investments$28,329$25,510▼ $2,819
Cash and Non-Interest-Bearing Accounts$5,987$6,676▲ $689
Total Assets$195,600$189,697▼ $5,903
Liabilities
Accounts Payable and Accrued Expenses-$966-
Total Liabilities$0$966▲ $966
Net Assets / Fund Balance
Unrestricted Net Assets$195,600$188,731▼ $6,869
Total Net Assets Fund Balance$195,600$188,731▼ $6,869
Total Liabilities and Net Assets / Fund Balance$195,600$189,697▼ $5,903

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$157,511$85,729$243,240
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$9,896
Program Service Revenue
$95
Investment Income
$30
Other Revenue
$24,560
All Other Contributions
$9,896
Change in Net Assets
$-11,513
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$46,094
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$17,697--$17,697
All Other Expenses$4,667$427-$5,094
Depreciation Depletion$3,772--$3,772
Other Expenses$2,988$3,093-$2,988
Total Functional Expenses$42,574$3,520$0$46,094
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$78,915
Fundraising Direct Expenses$56,073
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Rodeo/derby/rac$78,915$78,915$56,073$22,842
Total Events$78,915$78,915$56,073$22,842
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
Yes
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 2

Bridgett hale kevin hale member member husband and wife

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

A copy of form 990 is provided to a board member prior to filing the return with the internal revenue service.

Form 990, Page 6, Part VI, Line 19

A copy of form 990 is made available upon request.

Filing and Contact Details

Filer

Filer Name
Burnet County Fair & Rodeo
EIN
74-1606867
Phone
5126532964
Address
PO BOX 153, BURNET, TX 78611

Signing Officer

Name
Mj Cogburn
Title
Treasurer
Phone
5126532964
Signed
2016-01-05

Organization Details

Principal Officer
Mj Cogburn
Formed
1966
Legal Domicile
TX
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
35

Preparer

Firm
Taber & Burnett Pc
Address
PO BOX 1519, BURNET, TX 78611-7519
Preparer
Phyllis M Burnett
Phone
5127564904
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Kids day out 2,828 0 0 livestock associations 1,054 0 0 taxes & licenses 525 0 0 account closed 0 436 0 annual banquet 215 0 0 postage & freight 0 111 0 dues & subscriptions 0 105 0 flowers 0 80 0 business expenses 0 75 0 loan 0 68 0 club membership 45 0 0 returned check fees 0 -448 0

Form 990, Part XI, Line 9

Fair committee begining balance 5,610 accrual to cash adjustment 966

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 281
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0104585
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt063582
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt067579
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRIDGETT HALE KEVIN HALE MEMBER MEMBER HUSBAND AND WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS PROVIDED TO A BOARD MEMBER PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 IS MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3KIDS DAY OUT 2,828 0 0 LIVESTOCK ASSOCIATIONS 1,054 0 0 TAXES & LICENSES 525 0 0 ACCOUNT CLOSED 0 436 0 ANNUAL BANQUET 215 0 0 POSTAGE & FREIGHT 0 111 0 DUES & SUBSCRIPTIONS 0 105 0 FLOWERS 0 80 0 BUSINESS EXPENSES 0 75 0 LOAN 0 68 0 CLUB MEMBERSHIP 45 0 0 RETURNED CHECK FEES 0 -448 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FAIR COMMITTEE BEGINING BALANCE 5,610 ACCRUAL TO CASH ADJUSTMENT 966
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt09896
IRS990/TotalEmployeeCnt00
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0195600

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.38$0.00$2.38$0.68$0.89$0.20
2024Detailed filing. Detailed filing data is available for this year.$2.59$0.00$2.59$0.93$0.87$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.53$0.00$2.53$1.17$0.83$0.34
2022Detailed filing. Detailed filing data is available for this year.$2.19$0.00$2.19$0.83$0.48$0.35
2021Detailed filing. Detailed filing data is available for this year.$1.86$0.01$1.85$0.41$0.35$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$0.48$0.44$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$0.51$0.49$0.02
2018Summary only. Only limited summary data is available for this year.$1.81$0.08$1.73$0.34$0.35$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.85$0.01$1.84$0.46$0.43$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.39$0.47$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.90$0.01$1.89$0.35$0.46$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$0.52$0.56$0.04
2013Summary only. Only limited summary data is available for this year.$2.00$0.00$2.00$0.48$0.55$0.07
2012Summary only. Only limited summary data is available for this year.$2.07$0.00$2.07$0.35$0.51$0.17
2011Summary only. Only limited summary data is available for this year.$2.24$0.00$2.24$0.78$0.49$0.29