Civic Intelligence

Omaha Rodeo Inc.

990 • Fiscal year 2019 • EIN 82-4767103

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 14, 2020

18081 Burt Street No 200Omaha, NE 68022

(402) 330-2660

Siviq Scores

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

Liabilities / Assets

76th percentile

0.07x

Higher debt load relative to assets than 76% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

80th percentile

0.07x

Higher debt load relative to revenue than 80% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

80th percentile

37%

Faster asset growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

17th percentile

-30%

Faster revenue growth than 17% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$448,767

Up $120,843 (+37%) from 2018

Net Assets

Up

$418,017

Up $94,220 (+29%) from 2018

Liabilities

Up

$30,750

Up $26,623 (+645%) from 2018

Revenue

Down

$464,275

Down $201,578 (-30%) from 2018

Expenses

Up

$394,507

Up $52,451 (+15%) from 2018

Net Income

Down

$69,768

Down $254,029 (-78%) from 2018

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2018: $327,924Liabilities 2018: $4,127Net Assets 2018: $323,7972018Assets 2019: $448,767Liabilities 2019: $30,750Net Assets 2019: $418,0172019Assets 2020: $433,044Liabilities 2020: $20,250Net Assets 2020: $412,7942020Assets 2021: $457,560Liabilities 2021: $20,250Net Assets 2021: $437,3102021Assets 2022: $489,636Liabilities 2022: $37,987Net Assets 2022: $451,6492022Assets 2023: $508,895Liabilities 2023: $38,045Net Assets 2023: $470,8502023Assets 2024: $465,810Liabilities 2024: $44,008Net Assets 2024: $421,8022024

Highlighted filing

2019

Assets$448,767
Liabilities$30,750
Net Assets$418,017

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2018: $665,853Expenses 2018: $342,056Net Income 2018: $323,7972018Revenue 2019: $464,275Expenses 2019: $394,507Net Income 2019: $69,7682019Revenue 2020: $19,849Expenses 2020: $25,072Net Income 2020: -$5,2232020Revenue 2021: $365,752Expenses 2021: $341,236Net Income 2021: $24,5162021Revenue 2022: $411,563Expenses 2022: $397,224Net Income 2022: $14,3392022Revenue 2023: $414,010Expenses 2023: $385,809Net Income 2023: $28,2012023Revenue 2024: $341,186Expenses 2024: $390,234Net Income 2024: -$49,0482024

Highlighted filing

2019

Revenue$464,275
Expenses$394,507
Net Income$69,768
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 14, 2020
Return Version
2019v5.1
Gross Receipts
$464,275
Mission and Program Overview

Mission

Educating and entertaining by showcasing our western heritage through the sport of rodeo.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$323,797$418,017▲ $94,220
Cash and Non-Interest-Bearing Accounts$298,549$263,867▼ $34,682
Savings and Temporary Cash Investments-$151,100-
Pledges and Grants Receivable$29,375$33,500▲ $4,125
Prepaid Expenses and Deferred Charges-$300-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$327,924$448,767▲ $120,843
Liabilities
Accounts Payable and Accrued Expenses$4,127$30,750▲ $26,623
Total Liabilities$4,127$30,750▲ $26,623
Net Assets / Fund Balance
Total Net Assets Fund Balance$323,797$418,017▲ $94,220
Total Liabilities and Net Assets / Fund Balance$327,924$448,767▲ $120,843
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sherman BergPresident
Beth GreinerVice President
Butch LindleyVice President
Bill SingerDirector
Carrie GoransDirector
Craig KorkowDirector
Dawn Ann BollDirector
Kara NeuverthDirector
Kevin SchwedhelmDirector
Lynette SingerDirector
Melissa PeelerDirector
Robb SpenceDirector
TOM O'GORMANDirector
Don PeelerSecretary
Justin HopeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$284,250
Program Service Revenue
$178,175
Investment Income
$1,100
Other Revenue
$750
All Other Contributions
$284,250
Change in Net Assets
$69,768
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$377,007
Grants and Similar Amounts Paid$17,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$41,230$9,011-$50,241
Advertising$30,917--$30,917
Other Expenses$30,040--$30,040
Grants to Domestic Individuals$15,000--$15,000
Grants to Domestic Orgs$2,500--$2,500
Total Functional Expenses$385,496$9,011$0$394,507
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
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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

Don and melissa peeler have a family relationship; bill singer and lynette singer have a family relationship.

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

A draft version of the complete form 990 was provided to the board of directors for review prior to finalization and submission to the irs.

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

Omaha rodeo monitors and enforces compliance with its conflict of interest policy at each meeting by requiring board members to announce any conflicts or potential conflicts prior to an official vote on matters.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request of the board of directors.

Filing and Contact Details

Filer

Filer Name
Omaha Rodeo Inc
EIN
82-4767103
Phone
4023302660
Address
18081 BURT STREET NO 200, OMAHA, NE 68022

Signing Officer

Name
Sherman Berg
Title
President
Phone
4023302660
Signed
2020-08-14

Organization Details

Principal Officer
Sherman Berg
Formed
2018
Legal Domicile
Ne
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
75
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Production costs: program service expenses 27,538. Management and general expenses 0. Fundraising expenses 0. Total expenses 27,538. High school rodeo production: program service expenses 13,460. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,460. Miscellaneous: program service expenses 0. Management and general expenses 9,011. Fundraising expenses 0. Total expenses 9,011. Rough'n ready challenge rodeo: program service expenses 232. Management and general expenses 0. Fundraising expenses 0. Total expenses 232.

FORM 990, PART XI, LINE 9:

Transfer of net assets of high school rodeo 24,452.

FORM 990, PART XI, LINE 9:

Omaha rodeo received scholarship funds of $24,452 from the organization who used to host the high school champion's challenge rodeo. As omaha rodeo, inc. Took over hosting the event, they were transferred the funds during 2019 in order to pay out scholarships to the winners.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
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IRS990/ReconcilationRevenueExpnssAmt069768
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0178925
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0323797
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0418017
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0151100
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0284250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0431965
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0716215
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01100
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01100
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0409270
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0750
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02793
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03543
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0514133
IRS990ScheduleA/SubstantialContributorsTotAmt0202082
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0284250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0431965
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0716215
IRS990ScheduleA/TotalSupportAmt0720858
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt015000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0SCHOLARSHIPS FOR HIGH EDUCATION COSTS.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0$1,500 SCHOLARSHIPS ARE AWARDEDED TO CONTESTANTS FOR WINNING RODEO EVENTS IN THE HIGH SCHOOL CHAMPION'S CHALLENGE RODEO.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DON AND MELISSA PEELER HAVE A FAMILY RELATIONSHIP; BILL SINGER AND LYNETTE SINGER HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT VERSION OF THE COMPLETE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FINALIZATION AND SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OMAHA RODEO MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY AT EACH MEETING BY REQUIRING BOARD MEMBERS TO ANNOUNCE ANY CONFLICTS OR POTENTIAL CONFLICTS PRIOR TO AN OFFICIAL VOTE ON MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRODUCTION COSTS: PROGRAM SERVICE EXPENSES 27,538. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,538. HIGH SCHOOL RODEO PRODUCTION: PROGRAM SERVICE EXPENSES 13,460. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,460. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,011. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,011. ROUGH'N READY CHALLENGE RODEO: PROGRAM SERVICE EXPENSES 232. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 232.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSFER OF NET ASSETS OF HIGH SCHOOL RODEO 24,452.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OMAHA RODEO RECEIVED SCHOLARSHIP FUNDS OF $24,452 FROM THE ORGANIZATION WHO USED TO HOST THE HIGH SCHOOL CHAMPION'S CHALLENGE RODEO. AS OMAHA RODEO, INC. TOOK OVER HOSTING THE EVENT, THEY WERE TRANSFERRED THE FUNDS DURING 2019 IN ORDER TO PAY OUT SCHOLARSHIPS TO THE WINNERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0327924
IRS990/TotalAssetsEOYAmt0448767
IRS990/TotalAssetsGrp/BOYAmt0327924
IRS990/TotalAssetsGrp/EOYAmt0448767
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0284250
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09011
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0385496
IRS990/TotalFunctionalExpensesGrp/TotalAmt0394507
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04127
IRS990/TotalLiabilitiesEOYAmt030750
IRS990/TotalLiabilitiesGrp/BOYAmt04127
IRS990/TotalLiabilitiesGrp/EOYAmt030750
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0323797
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0418017
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0385496
IRS990/TotalProgramServiceRevenueAmt0178175
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01100
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0178925
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0464275
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0327924
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0448767
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt018081 BURT STREET NO 200
IRS990/USAddress/CityNm0OMAHA
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068022
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.OMAHARIVERCITYRODEO.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SHERMAN BERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT

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