Civic Intelligence

Rodeo Austin

990 • Fiscal year 2019 • EIN 74-2266672

Jun 01, 2018 to May 31, 2019 • Filed on Apr 10, 2020

9100 Decker Lake RoadAustin, TX 78724

(512) 919-3000

Siviq Scores

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

Liabilities / Assets

49th percentile

0.20x

Higher debt load relative to assets than 49% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

40th percentile

0.15x

Higher debt load relative to revenue than 40% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

66th percentile

8.9%

Higher net margin than 66% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

73rd percentile

$268,474

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

67th percentile

10%

Faster revenue growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$9,179,957

Up $968,448 (+12%) from 2018

Net Assets

Up

$7,376,298

Up $1,060,626 (+17%) from 2018

Liabilities

Down

$1,803,659

Down $92,178 (-4.9%) from 2018

Revenue

Up

$12,249,653

Up $1,151,687 (+10%) from 2018

Expenses

Up

$11,163,406

Up $665,531 (+6.3%) from 2018

Net Income

Up

$1,086,247

Up $486,156 (+81%) from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $6,236,017Liabilities 2011: $1,644,575Net Assets 2011: $4,591,4422011Assets 2012: $6,712,427Liabilities 2012: $1,653,441Net Assets 2012: $5,058,9862012Assets 2013: $7,625,649Liabilities 2013: $1,805,443Net Assets 2013: $5,820,2062013Assets 2014: $7,800,283Liabilities 2014: $1,836,835Net Assets 2014: $5,963,4482014Assets 2015: $8,160,401Liabilities 2015: $1,991,902Net Assets 2015: $6,168,4992015Assets 2016: $7,422,184Liabilities 2016: $2,264,740Net Assets 2016: $5,157,4442016Assets 2017: $7,469,104Liabilities 2017: $1,804,200Net Assets 2017: $5,664,9042017Assets 2018: $8,211,509Liabilities 2018: $1,895,837Net Assets 2018: $6,315,6722018Assets 2019: $9,179,957Liabilities 2019: $1,803,659Net Assets 2019: $7,376,2982019Assets 2020: $7,349,474Liabilities 2020: $2,618,989Net Assets 2020: $4,730,4852020Assets 2021: $8,482,636Liabilities 2021: $3,292,377Net Assets 2021: $5,190,2592021Assets 2022: $10,500,416Liabilities 2022: $1,422,870Net Assets 2022: $9,077,5462022Assets 2023: $15,230,973Liabilities 2023: $1,228,916Net Assets 2023: $14,002,0572023Assets 2024: $22,288,302Liabilities 2024: $4,617,507Net Assets 2024: $17,670,7952024Assets 2025: $24,062,259Liabilities 2025: $1,722,896Net Assets 2025: $22,339,3632025

Highlighted filing

2019

Assets$9,179,957
Liabilities$1,803,659
Net Assets$7,376,298

Operations Trend

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

$20M$10M$0-$10MRevenue 2011: $9,035,799Expenses 2011: $8,077,760Net Income 2011: $958,0392011Revenue 2012: $9,196,637Expenses 2012: $8,683,936Net Income 2012: $512,7012012Expenses 2013: $9,082,8342013Revenue 2014: $9,903,946Expenses 2014: $9,816,559Net Income 2014: $87,3872014Revenue 2015: $9,848,662Expenses 2015: $9,649,019Net Income 2015: $199,6432015Revenue 2016: $9,151,556Expenses 2016: $10,077,008Net Income 2016: -$925,4522016Revenue 2017: $10,031,361Expenses 2017: $9,628,218Net Income 2017: $403,1432017Revenue 2018: $11,097,966Expenses 2018: $10,497,875Net Income 2018: $600,0912018Revenue 2019: $12,249,653Expenses 2019: $11,163,406Net Income 2019: $1,086,2472019Revenue 2020: $2,482,892Expenses 2020: $5,127,431Net Income 2020: -$2,644,5392020Revenue 2021: $4,294,715Expenses 2021: $4,626,558Net Income 2021: -$331,8432021Revenue 2022: $16,620,200Expenses 2022: $12,165,737Net Income 2022: $4,454,4632022Revenue 2023: $18,460,147Expenses 2023: $13,272,647Net Income 2023: $5,187,5002023Revenue 2024: $17,107,954Expenses 2024: $14,046,066Net Income 2024: $3,061,8882024Revenue 2025: $19,089,092Expenses 2025: $14,724,084Net Income 2025: $4,365,0082025

Highlighted filing

2019

Revenue$12,249,653
Expenses$11,163,406
Net Income$1,086,247
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Apr 10, 2020
Return Version
2018v3.1
Gross Receipts
$13,056,011
Mission and Program Overview

Mission

We believe it takes grit to grow the next generation. We are rodeo austin, a not-for-profit that provides real experiences and gritty fun to raise millions for texas kids. Since 1938, we've been a mission with a rodeo that has brought heritage and entertainment to our community. Our mission is to grow the next generation...it's in our roots!

To support the youth of texas and educate the general public through the annual livestock show and rodeo and its scholarship and other awards programs, which (1) support and encourage the further education of texas youth, and (2) educate the general public about the importance of agriculture, preserving texas' western heritage, and the appreciation of the natural sciences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,674,413$3,935,879▲ $261,466
Cash and Non-Interest-Bearing Accounts$1,599,146$2,185,405▲ $586,259
Land, Buildings, and Equipment, Net$1,728,425$1,781,124▲ $52,699
Savings and Temporary Cash Investments$737,052$749,066▲ $12,014
Accounts Receivable$389,524$493,456▲ $103,932
Prepaid Expenses and Deferred Charges$59,949$34,027▼ $25,922
Pledges and Grants Receivable$23,000$1,000▼ $22,000
Total Assets$8,211,509$9,179,957▲ $968,448
Liabilities
Grants Payable$923,750$898,130▼ $25,620
Accounts Payable and Accrued Expenses$524,205$489,407▼ $34,798
Mortgage Notes Payable Secured by Investment Property$447,582$406,122▼ $41,460
Deferred Revenue$300$10,000▲ $9,700
Total Liabilities$1,895,837$1,803,659▼ $92,178
Net Assets / Fund Balance
Unrestricted Net Assets$4,872,276$5,409,350▲ $537,074
Permanently Rstr Net Assets$1,255,647$1,966,948▲ $711,301
Temporarily Rstr Net Assets$187,749$0▼ $187,749
Total Net Assets Fund Balance$6,315,672$7,376,298▲ $1,060,626
Total Liabilities and Net Assets / Fund Balance$8,211,509$9,179,957▲ $968,448

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,267,666$1,225,309$2,492,975
Equipment$329,210$877,339$1,206,549
Land$156,456-$156,456
Other Land Buildings$27,792$46,548$74,340
Leasehold Improvements$0$39,950$39,950

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,040,680$263,985▲ $75,019-$2,322,331
2017$2,942,433$467,316▲ $166,415-$3,045,925
2016$2,280,235$953,438▲ $199,497-$2,942,433
2015$2,297,143$484,974▼ $17,329-$2,280,235
2014$2,238,912$88,376▲ $60,130-$1,875,418
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert GoldingCEOFT$206,751$61,723$268,474
Kathryn BlankinshipSenior ManagerFT$116,333$3,792$120,125
Sara McauleyControllerFT$105,042$3,396$108,438

Board Members and Trustees

NameTitle
Joe StraubPresident, Director
Aaron CabazaDirector
Alex ValdesDirector
Amy VillarrealDirector
Ashley LedesmaDirector
Benny Boyd JrDirector
Bill KnolleDirector
Bill RhyanDirector
Bob CarrollDirector
Bobby FinleyDirector
Brad BoyettDirector
Brian HillDirector
Brian LehneDirector
Bryan TeichDirector
Caleb StaffordDirector
Calley Callahan AsklundDirector
Chris PadgettDirector
Corey WilsonDirector
Courtney OldhamDirector
Craig TeyklDirector
Curtis CalhounDirector
Dr Charles GrahamDirector
Drew DeberryDirector
Eddie LedesmaDirector
Fred WeberDirector
Frosty MooreDirector
Gary NewmanDirector
Gene PatalikDirector
Gilbert TurrietaDirector
Greg HamiltonDirector
Greg MaphetDirector
Hap FeuerbacherDirector
Haskell GriffinDirector
Hil StroupDirector
Jardin LoefflerDirector
Jason MagdalenaDirector
Jason NassourDirector
Jay EvansDirector
Jeff DentonDirector
Jeff DoddDirector
Jim SylvesterDirector
Kerry WigginsDirector
Latius PrikrylDirector
Manny TrinidadDirector
Marie RichterDirector
Matt Berry JrDirector
Melvin SobotikDirector
Mike EledgeDirector
Monica MastersDirector
Paige SmithDirector
Paul LinehanDirector
Russell WatersDirector
Shaun TuggleDirector
Shawn HohnstreiterDirector
Shayne LockhartDirector
Stacy LooneyDirector
Stan RayDirector
Stan VoelkerDirector
Steve JenningsDirector
Steve SkinnerDirector
Steven VoelkerDirector
Terry TurnerDirector
Tia MillerDirector
Tommy CarlsonDirector
Travis AsklundDirector
Trey PowersDirector
Tyler GrahamDirector
Verlin CallahanDirector
Brian YarbroughVP, Director
Dauphen JacksonVP, Director
David KardoszVP, Director
Joel AndersonVP, Director
Kalyn LaneyVP, Director
Keith BerdollVP, Director
Lance LivelyVP, Director
Rick LangeSecretary, Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ld SystemsSound, Light, And Video Services5913 DISTRIBUTION DR, San Antonio, TX 78218$366,005
The Davis GroupMedia Services3800 N LAMAR BLVD SUITE 200, Austin, TX 78756$261,839
Beutler & Son Rodeo Company INCLivestock Contractor10239 HWY 34, Elk City, OK 73644$187,655
Travis County Expo CenterVenue For Fair & Rodeo7311 DECKER LANE, Austin, TX 78724$184,018
Pacesetter Personnel ServicesContracted Staff For LaborPO BOX 2324, Houston, TX 77252-2324$172,877
Revenue and Support

Revenue Composition

Contributions and Grants
$789,227
Program Service Revenue
$10,237,811
Investment Income
$199,838
Other Revenue
$1,022,777
All Other Contributions
$374,502
Change in Net Assets
$1,086,247

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table3$41,810Fair Market Value (FMV)
Food Inventory2$5,800Fair Market Value (FMV)
Total Noncash Contributions5$47,610-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,227,989
Revenue Not Reported on Financial Statements
$21,664
Revenue Not Reported on Form 990
$840,456
Total Revenue per Audited Statements
$13,068,445
Total Revenue per Form 990
$12,249,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,266,466
Grants and Similar Amounts Paid$2,186,922
Salaries, Compensation, and Employee Benefits$1,710,018
Total Fundraising Expense$196,090
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,186,922--$2,186,922
Fees for Services Other$1,183,625$44,564-$1,228,189
Other Salaries and Wages$731,099$332,911$110,970$1,174,980
Occupancy$1,047,194$119,881-$1,167,075
Advertising$557,022--$557,022
Office Expenses$165,418$235,392-$400,810
Current Officers, Directors, Trustees, and Key Employees$167,050$76,068$25,356$268,474
Depreciation Depletion$140,353$63,911$21,304$225,568
Insurance$87,522$39,854$13,285$140,661
Other Employee Benefits$80,402$36,611$12,204$129,217
Information Technology-$128,609-$128,609
Payroll Taxes$67,400$30,691$10,230$108,321
Other Expenses$477$60,331-$60,808
Travel-$48,340-$48,340
Pension Plan Contributions$18,061$8,224$2,741$29,026
Interest-$21,983-$21,983
Fees for Services Accounting-$18,650-$18,650
Fees for Services Legal-$5,142-$5,142
Total Functional Expenses$9,696,154$1,271,162$196,090$11,163,406

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,007,819
Total Expenses per Form 990$11,163,406
Expenses per Audited Statements$11,141,742
Expenses Not Reported on Form 990$866,077
Expenses Not Reported on Financial Statements$21,664
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,508,736
Fundraising Direct Expenses$576,160
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala Event$710,299$693,929$82,623$611,306
Bbq Austin$666,914$494,688$69,072$425,616
Total Events$1,854,131$1,508,736$576,160$932,576
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The following relationships exist among board members: 1.travis asklund and calley callahan asklund (family relationship) 2.verlin callahan and calley callahan asklund (family relationship) 3.verlin callahan and travis asklund (family relationship) 4.eddie ledesma and ashley ledesma (family relationship) 5.stan voelker and steven voelker (family relationship) 6.charles graham and tyler graham (family relationship)

Form 990, Part VI, Section B, Line 11B

The draft form 990 is presented to the staff followed by the officers of the organization. The final form 990 is then presented to the executive committee for review and approval. The final form 990 is then presented at the next board of directors meeting.

Form 990, Part VI, Section B, Line 12C

Rodeo austin personnel are required to report to the executive committee any potential conflict of interest or any contemplated transaction that could give rise to a conflict of interest.

Form 990, Part VI, Section B, Line 15

The executive committee reviews the performance of the ceo annually. Ceo compensation is also approved by the executive committee of the board of directors.

Form 990, Part VI, Section C, Line 19

Rodeo austin's governing documents and other documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Rodeo Austin
EIN
74-2266672
Phone
5129193000
Address
9100 DECKER LAKE ROAD, AUSTIN, TX 78724

Signing Officer

Name
Rob Golding
Title
CEO
Phone
5129193000
Signed
2020-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Golding
Formed
1938
Legal Domicile
TX
Voting Board Members
76
Independent Board Members
76
Employees
129
Volunteers
1,024

Preparer

Firm
Maxwell Locke & Ritter Llp
Address
401 CONGRESS AVENUE SUITE 1100, AUSTIN, TX 78701-9682
Preparer
Sean Holcomb
Phone
5123703200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other contracted services: program service expenses 1,183,625. Management and general expenses 44,564. Fundraising expenses 0. Total expenses 1,228,189.

FORM 990, PART XII, LINE 2C:

The process for selecting an independent accountant and oversight of the audit of the financial statements has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

Board designated and permanent endowment funds provide resources used to fund educational scholarships awarded annually part v, line 1a: adjustment to beginning of year balance management determined that a portion of the unrestricted endowment scholarship activity did not represent board designated amounts as reflected in prior years. A portion has been transferred from rodeo austin operating accounts to supplement the scholarship fund as well as to track donor giving restricted for scholarships rather than endowments.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising event expenses 114,776.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising event expenses 114,776.

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IRS990/Desc0EDUCATE THE PUBLIC ABOUT THE AGRICULTURE AND LIVESTOCK PRODUCTION INDUSTRIES AND PRESERVE AND PROMOTE TEXAS' WESTERN CULTURE, VALUES AND HERITAGE THROUGH THE ACTIVITIES OF THE ANNUAL LIVESTOCK SHOW AND RODEO.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt783396
IRS990/Form990PartVIISectionAGrp/PersonNm0JOEL ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm1TRAVIS ASKLUND
IRS990/Form990PartVIISectionAGrp/PersonNm2KEITH BERDOLL
IRS990/Form990PartVIISectionAGrp/PersonNm3MATT BERRY JR
IRS990/Form990PartVIISectionAGrp/PersonNm4BENNY BOYD JR
IRS990/Form990PartVIISectionAGrp/PersonNm5BRAD BOYETT
IRS990/Form990PartVIISectionAGrp/PersonNm6AARON CABAZA
IRS990/Form990PartVIISectionAGrp/PersonNm7CURTIS CALHOUN
IRS990/Form990PartVIISectionAGrp/PersonNm8VERLIN CALLAHAN
IRS990/Form990PartVIISectionAGrp/PersonNm9CALLEY CALLAHAN ASKLUND
IRS990/Form990PartVIISectionAGrp/PersonNm10TOMMY CARLSON
IRS990/Form990PartVIISectionAGrp/PersonNm11BOB CARROLL
IRS990/Form990PartVIISectionAGrp/PersonNm12DREW DEBERRY
IRS990/Form990PartVIISectionAGrp/PersonNm13JEFF DENTON
IRS990/Form990PartVIISectionAGrp/PersonNm14JEFF DODD
IRS990/Form990PartVIISectionAGrp/PersonNm15MIKE ELEDGE
IRS990/Form990PartVIISectionAGrp/PersonNm16JAY EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm17HAP FEUERBACHER
IRS990/Form990PartVIISectionAGrp/PersonNm18BOBBY FINLEY
IRS990/Form990PartVIISectionAGrp/PersonNm19TYLER GRAHAM
IRS990/Form990PartVIISectionAGrp/PersonNm20DR CHARLES GRAHAM
IRS990/Form990PartVIISectionAGrp/PersonNm21HASKELL GRIFFIN
IRS990/Form990PartVIISectionAGrp/PersonNm22GREG HAMILTON
IRS990/Form990PartVIISectionAGrp/PersonNm23BRIAN HILL
IRS990/Form990PartVIISectionAGrp/PersonNm24SHAWN HOHNSTREITER
IRS990/Form990PartVIISectionAGrp/PersonNm25DAUPHEN JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm26STEVE JENNINGS
IRS990/Form990PartVIISectionAGrp/PersonNm27DAVID KARDOSZ
IRS990/Form990PartVIISectionAGrp/PersonNm28BILL KNOLLE
IRS990/Form990PartVIISectionAGrp/PersonNm29KALYN LANEY
IRS990/Form990PartVIISectionAGrp/PersonNm30RICK LANGE
IRS990/Form990PartVIISectionAGrp/PersonNm31EDDIE LEDESMA
IRS990/Form990PartVIISectionAGrp/PersonNm32ASHLEY LEDESMA
IRS990/Form990PartVIISectionAGrp/PersonNm33BRIAN LEHNE

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$24.1$1.72$22.3$19.1$14.7$4.37
2024Detailed filing. Detailed filing data is available for this year.$22.3$4.62$17.7$17.1$14.0$3.06
2023Detailed filing. Detailed filing data is available for this year.$15.2$1.23$14.0$18.5$13.3$5.19
2022Detailed filing. Detailed filing data is available for this year.$10.5$1.42$9.08$16.6$12.2$4.45
2021Detailed filing. Detailed filing data is available for this year.$8.48$3.29$5.19$4.29$4.63$0.33
2020Detailed filing. Detailed filing data is available for this year.$7.35$2.62$4.73$2.48$5.13$2.64
2019Detailed filing. Detailed filing data is available for this year.$9.18$1.80$7.38$12.2$11.2$1.09
2018Detailed filing. Detailed filing data is available for this year.$8.21$1.90$6.32$11.1$10.5$0.60
2017Detailed filing. Detailed filing data is available for this year.$7.47$1.80$5.66$10.0$9.63$0.40
2016Detailed filing. Detailed filing data is available for this year.$7.42$2.26$5.16$9.15$10.1$0.93
2015Summary only. Only limited summary data is available for this year.$8.16$1.99$6.17$9.85$9.65$0.20
2014Detailed filing. Detailed filing data is available for this year.$7.80$1.84$5.96$9.90$9.82$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.63$1.81$5.82$9.08
2012Summary only. Only limited summary data is available for this year.$6.71$1.65$5.06$9.20$8.68$0.51
2011Summary only. Only limited summary data is available for this year.$6.24$1.64$4.59$9.04$8.08$0.96