Carson Community Rodeo Incorporated EIN 14-1867178 Form 990 (PDF) Claim this org

Carson Community Rodeo Incorporated

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Carson Community Rodeo Incorporated is a housing nonprofit based in Carson, IA, formed in 2016. For fiscal year 2025 it reported $263K in revenue, $216K in expenses, and $154K in net assets.Pt I

Founded
2016
Type
Public charity (501(c)(3)) · Housing
Location
Carson, IA
Website
www.facebook.com/carson-community-rod
Filings
6 on file (2020–2025)
Revenue
$263KFY2025
Expenses
$216K
Net assets
$154K
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  14-1867178 Public charity (501(c)(3)) Carson, IA Founded 2016
Form 990 (PDF)
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Size
$100K–1M
What they do
a housing nonprofit
Leadership
Brad Forristall · President
Money in and out
$263K revenue, $216K expenses
Bottom line
81% program efficiency
Where the money goes · FY2025
Total revenue
$263K
Pt VIII · Ln 12
Total expenses
$216K
Pt IX · Ln 25
Net assets
$154K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $47K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.18 Fundraising $0.01
Program efficiency
81%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
4.0mo
months of highly liquid reserves at operating expense rate▼ -7% vs prior filing year
Surplus margin
+18%
revenue over expenses, this year▲ +29% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$263K
FY2025▲ +21%
Expenses
$216K
FY2025▲ +16%
Total assets
$154K
FY2025▲ +0.7%
Total liabilities
$-392
FY2025
Total revenue
$263K
Pt VIII · Ln 12
Total expenses
$216K
Pt IX · Ln 25
Net assets
$154K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$47K
Total assetsPt X · Ln 16$154K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

2 program services account for $176K of program spending, described in the organization's own filed words · FY2025.
01

Annual community rodeo, dance and dinner

$165Kprogram expense
02

Donations to local volunteer fire departments and charities

$11Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCarson Community Rodeo Incorporated
EINHdr · item D14-1867178
Principal addressHdr · item CCarson, IA
Year of formationHdr · item L2016
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L50)
Ruling yearIRS BMFFeb 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$238K · 91%
Contributions & grants$27K · 10%
Program service revenue91%$238K
Contributions & grants10%$27K
Investment income$37
— government grantsLn 1e$3K
Total revenueLn 12$263K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.18 Fundraising $0.01
Program services81%$176K
Management & general18%$39K
Fundraising1%$1K
Total functional expensesLn 25$216K

Balance Sheet

Part X · end of year
CashLn 1$72K
Total assetsLn 16$154K
Total liabilitiesLn 26$-392
Total net assetsLn 32$154K
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $72K · Operating expenses/yr $216K
4.0 months
Where the money goes
Program services
Program services $176K · Total expenses $216K
81%
Management & General
Management & general $39K · Total expenses $216K
18%
Fundraising
Fundraising $1K · Total expenses $216K
0.5%
Cost to raise $1
Fundraising expense (3-yr avg) $369 · Solicited contributions (3-yr avg) $80K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $27K · Total revenue $263K
10%
Government reliance
Government grants $3K · Total revenue $263K
1%
Earned-income share
Program service revenue $238K · Total revenue $263K
91%
Investment reliance
Investment income $37 · Total revenue $263K
+0.01%
Program self-sufficiency
Program service revenue $238K · Total expenses $216K
110%
Growth & trend
Revenue growth (YoY)
This year $263K · Prior year $217K
+21%
Revenue CAGR
FY2020 $103K · FY2025 $263K
+21%
Net-asset trend (YoY)
End of year $154K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $263K · Expenses $216K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $154K
Net-asset ratio
Net assets $154K · Total assets $154K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $154K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brad Forristall · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $216K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $216K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 18%
Fundraising cost ratio 4%
Revenue growth 21%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$250

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$263K revenue · viewing · ⤓ 990 PDF
FY2024$217K revenue · ⤓ 990 PDF
FY2023$200K revenue · ⤓ 990 PDF
FY2022$145K revenue · ⤓ 990 PDF
FY2021$129K revenue · ⤓ 990 PDF
FY2020$103K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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