Civic Intelligence

Rodeo Austin

990 • Fiscal year 2023 • EIN 74-2266672

Jun 01, 2022 to May 31, 2023 • Filed on Apr 15, 2024

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

36th percentile

0.08x

Higher debt load relative to assets than 36% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

22nd percentile

0.07x

Higher debt load relative to revenue than 22% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

82nd percentile

28%

Higher net margin than 82% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

75th percentile

$278,665

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

89th percentile

45%

Faster asset growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

61st percentile

11%

Faster revenue growth than 61% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$15,230,973

Up $4,730,557 (+45%) from 2022

Net Assets

Up

$14,002,057

Up $4,924,511 (+54%) from 2022

Liabilities

Down

$1,228,916

Down $193,954 (-14%) from 2022

Revenue

Up

$18,460,147

Up $1,839,947 (+11%) from 2022

Expenses

Up

$13,272,647

Up $1,106,910 (+9.1%) from 2022

Net Income

Up

$5,187,500

Up $733,037 (+16%) from 2022

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

2023

Assets$15,230,973
Liabilities$1,228,916
Net Assets$14,002,057

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

2023

Revenue$18,460,147
Expenses$13,272,647
Net Income$5,187,500
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Apr 15, 2024
Return Version
2022v5.0
Gross Receipts
$19,299,498
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!

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,713,979$5,794,988▲ $1,081,009
Savings and Temporary Cash Investments$515,529$4,589,989▲ $4,074,460
Cash and Non-Interest-Bearing Accounts$3,313,282$2,536,672▼ $776,610
Land, Buildings, and Equipment, Net$1,607,355$1,540,041▼ $67,314
Accounts Receivable$272,071$668,607▲ $396,536
Prepaid Expenses and Deferred Charges$78,200$100,676▲ $22,476
Total Assets$10,500,416$15,230,973▲ $4,730,557
Liabilities
Accounts Payable and Accrued Expenses$966,437$688,982▼ $277,455
Grants Payable$183,129$318,420▲ $135,291
Mortgage Notes Payable Secured by Investment Property$265,285$214,000▼ $51,285
Deferred Revenue$8,019$7,514▼ $505
Total Liabilities$1,422,870$1,228,916▼ $193,954
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,111,900$10,178,571▲ $4,066,671
Net Assets With Donor Restrictions$2,965,646$3,823,486▲ $857,840
Total Net Assets Fund Balance$9,077,546$14,002,057▲ $4,924,511
Total Liabilities and Net Assets / Fund Balance$10,500,416$15,230,973▲ $4,730,557

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$984,458$1,643,598$2,628,056
Equipment$339,985$1,303,290$1,643,275
Land$206,456-$206,456
Other Land Buildings$9,142$189,146$198,288
Leasehold Improvements$0$39,950$39,950

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$3,588,533$1,013,918▼ $14,804-$4,480,886
2021$3,349,714$534,100▼ $218,750-$3,588,533
2020$2,478,137$218,007▲ $713,365-$3,349,714
2019$2,322,331$123,986▲ $94,143-$2,478,137
2018$2,040,680$263,985▲ $75,019-$2,322,331
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Glen Alan PhillipsCEOFT$192,684$85,981$278,665
Robert GoldingCEOFT$143,461$87,524$230,985
Kathryn BlankinshipMarketing & Sponsorship OfficerFT$117,840$32,616$150,456
Sara McauleyControllerFT$129,962$11,320$141,282

Board Members and Trustees

NameTitle
Dauphen JacksonPresident, Director
Joe StraubPresident, Director
Aaron CabazaDirector
Amy VillarrealDirector
Ashley LedesmaDirector
Barkley WedemeyerDirector
Benny Boyd JrDirector
Bill KnolleDirector
Bill RhyanDirector
Bob CarrollDirector
Brad BoyettDirector
Brian LehneDirector
Bryan TeichDirector
Calley Callahan AsklundDirector
Corey WilsonDirector
Courtney OldhamDirector
Craig TeyklDirector
Curtis CalhounDirector
Diron BlackburnDirector
Dr Charles GrahamDirector
Drew DeberryDirector
Edward LedesmaDirector
Fred WeberDirector
Frosty MooreDirector
Gene PatalikDirector
Gilbert TurrietaDirector
Greg MaphetDirector
Hap FeuerbacherDirector
Haskell GriffinDirector
Hil StroupDirector
Jardin LoefflerDirector
Jay EvansDirector
Jeff DentonDirector
Jeff DoddDirector
Kerry WigginsDirector
Lance LivelyDirector
Latius PrikrylDirector
Manny TrinidadDirector
Marie RichterDirector
Matt Berry JrDirector
Melvin SobotikDirector
Michael EhrhardtDirector
Mike EledgeDirector
Monica MastersDirector
Paige MorganDirector
Paul HermesmeyerDirector
Russell WatersDirector
Shannon BangleDirector
Shaun TuggleDirector
Shawn HohnstreiterDirector
Shayne LockhartDirector
Stacy LooneyDirector
Stan VoelkerDirector
Stephen LaukhufDirector
Steve SkinnerDirector
Steven VoelkerDirector
Temetria McveaDirector
Terry TurnerDirector
Tia MillerDirector
Tommy CarlsonDirector
Travis AsklundDirector
Tyler GrahamDirector
Verlin CallahanDirector
Brian YarbroughVP, Director
David KardoszVP, Director
Joel AndersonVP, Director
Kalyn LaneyVP, Director
Keith BerdollVP, Director
Ricky LangeSecretary, Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ld SystemsSound, Light, And Video Services5913 DISTRIBUTION DR, San Antonio, TX 78218$430,435
The Davis GroupMedia Services3800 N LAMAR BLVD SUITE 200, Austin, TX 78756$373,197
Pacesetter Personnel SvcsContractor For Labor Personnel15301 NORTH IH-35 SUITE K, Pflugerville, TX 78660$306,003
Beutler & Sons Rodeo & CoLivestock Contractor2000 N RANDALL AVE, Elk City, OK 73644$252,300
Texas Disposal SystemsWaste & Recycling Services12200 CARL ROAD, Creedmoor, TX 78610$230,390
Revenue and Support

Revenue Composition

Contributions and Grants
$3,443,882
Program Service Revenue
$13,392,164
Investment Income
$346,675
Other Revenue
$1,277,426
All Other Contributions
$2,808,114
Change in Net Assets
$5,187,500

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 Table156$216,935Retail Value
Food Inventory3$11,600Retail Value
Total Noncash Contributions159$228,535-

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,427,622
Revenue Not Reported on Financial Statements
$32,525
Revenue Not Reported on Form 990
$809,384
Total Revenue per Audited Statements
$19,237,006
Total Revenue per Form 990
$18,460,147
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,592,328
Grants and Similar Amounts Paid$2,896,452
Salaries, Compensation, and Employee Benefits$1,783,867
Total Fundraising Expense$228,149
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,896,452--$2,896,452
Fees for Services Other$1,623,584$12,997-$1,636,581
Occupancy$1,340,791$125,830-$1,466,621
Other Salaries and Wages$642,425$280,097$105,358$1,027,880
Advertising$31,116$548,867-$579,983
Current Officers, Directors, Trustees, and Key Employees$318,330$138,792$52,206$509,328
Office Expenses$160,719$149,542-$310,261
Depreciation Depletion$158,721$69,202$26,030$253,953
Insurance$117,514$51,236$19,272$188,022
Other Expenses$2,643$143,039$0$145,682
Payroll Taxes$69,498$30,301$11,398$111,197
Other Employee Benefits$69,364$30,243$11,376$110,983
Information Technology-$85,129-$85,129
Fees for Service Investment Mgmnt Fees-$32,525-$32,525
Pension Plan Contributions$15,299$6,671$2,509$24,479
Fees for Services Accounting-$22,650-$22,650
Travel-$22,564-$22,564
Interest-$9,768-$9,768
Fees for Services Legal-$8,659-$8,659
All Other Expenses-$5,611-$5,611
Total Functional Expenses$11,270,775$1,773,723$228,149$13,272,647

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,312,495
Total Expenses per Form 990$13,272,647
Expenses per Audited Statements$13,240,122
Expenses Not Reported on Form 990$1,072,373
Expenses Not Reported on Financial Statements$32,525
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,722,952
Fundraising Direct Expenses$741,568
Gaming Gross Income$53,970
Gaming Direct Expenses$7,932
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala Event$1,158,060$939,978$106,920$833,058
Bbq Austin$905,213$660,677$160,518$500,159
Total Events$2,269,570$1,722,952$741,568$981,384
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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 35% controlled entity
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
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.eddie ledesma and ashley ledesma (family relationship) 4.stan voelker and steven voelker (family relationship) 5.charles graham and tyler graham (family relationship) 6.tommy carlson and jardin loeffler (family relationship) 7.verlin callahan and travis asklund (family relationship) 8.kathryn blankinship and keith berdoll (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
Glen Alan Phillips
Title
CEO
Phone
5129193000
Signed
2024-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glen Alan Phillips
Formed
1938
Legal Domicile
TX
Voting Board Members
69
Independent Board Members
69
Employees
58
Volunteers
905

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

Other contracted services: program service expenses 1,623,584. Management and general expenses 12,997. Fundraising expenses 0. Total expenses 1,636,581.

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 XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising event expenses 317,858.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising event expenses 317,858.

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IRS990/ActivityOrMissionDesc0WE 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!
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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/PersonNm2KEITH BERDOLL
IRS990/Form990PartVIISectionAGrp/PersonNm3MATT BERRY JR
IRS990/Form990PartVIISectionAGrp/PersonNm4BENNY BOYD JR
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IRS990/Form990PartVIISectionAGrp/PersonNm11BOB CARROLL
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IRS990/Form990PartVIISectionAGrp/PersonNm20DR CHARLES GRAHAM
IRS990/Form990PartVIISectionAGrp/PersonNm21HASKELL GRIFFIN
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IRS990/Form990PartVIISectionAGrp/PersonNm23SHAWN HOHNSTREITER
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IRS990/Form990PartVIISectionAGrp/PersonNm25DAVID KARDOSZ
IRS990/Form990PartVIISectionAGrp/PersonNm26BILL KNOLLE
IRS990/Form990PartVIISectionAGrp/PersonNm27KALYN LANEY
IRS990/Form990PartVIISectionAGrp/PersonNm28RICKY LANGE
IRS990/Form990PartVIISectionAGrp/PersonNm29PAUL HERMESMEYER
IRS990/Form990PartVIISectionAGrp/PersonNm30ASHLEY LEDESMA
IRS990/Form990PartVIISectionAGrp/PersonNm31BRIAN LEHNE
IRS990/Form990PartVIISectionAGrp/PersonNm32LANCE LIVELY
IRS990/Form990PartVIISectionAGrp/PersonNm33SHAYNE LOCKHART
IRS990/Form990PartVIISectionAGrp/PersonNm34JARDIN LOEFFLER
IRS990/Form990PartVIISectionAGrp/PersonNm35STACY LOONEY
IRS990/Form990PartVIISectionAGrp/PersonNm36STEPHEN LAUKHUF
IRS990/Form990PartVIISectionAGrp/PersonNm37GREG MAPHET
IRS990/Form990PartVIISectionAGrp/PersonNm38MONICA MASTERS
IRS990/Form990PartVIISectionAGrp/PersonNm39TIA MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm40FROSTY MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm41EDWARD LEDESMA
IRS990/Form990PartVIISectionAGrp/PersonNm42COURTNEY OLDHAM
IRS990/Form990PartVIISectionAGrp/PersonNm43PAIGE MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm44GENE PATALIK

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