Southeastern Livestock Exposition INC

Not tax-deductible

Montgomery, AL501(c)(5)Since 1958EIN 23-7207500Revenue $820K in FY2025

On file with the IRSslerodeo.com201 S Bainbridge St, 36104-4332 · Montgomery, ALTax-exempt since Dec 1972

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The Southeastern Livestock Exposition is a non-profit organization dedicated to the preservation of farming and ranching by creating opportunity for youth through rodeos, Livestock competitions, community activities and educational events.

Mission: Form 990 Part I, line 1

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $76K a year · 11% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$820K
+5% vs prior year
Spent
$721K
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$820K
FY2025▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$305K
FY2021$512K
FY2022$804K
FY2023$773K
FY2024$779K
FY2025$820K
Expenses
$721K
FY2025-0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$192K
FY2021$477K
FY2022$701K
FY2023$724K
FY2024$724K
FY2025$721K
Net assets
$1.2M
FY2025▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$853K
FY2021$891K
FY2022$851K
FY2023$960K
FY2024$1.1M
FY2025$1.2M

From the FY2025 Form 990 (year ending July 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2021
Sarah Hunter$53,491—
Erin Beasley—$2,890

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves farming and ranching by offering youth opportunities through rodeos, livestock shows, and educational events.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Education, promotion, and support to local cattlemen and agricultural organizations.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $285K · 2019–2024
Unitemized GrantFY2024$37,450
Unitemized GrantFY2023$36,535
Unitemized GrantFY2022$67,412
Unitemized GrantFY2021$54,025
Unitemized GrantFY2020$57,300
Unitemized GrantFY2019$32,250

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$820K
Ln 12
Fees for servicesLn 2g$768K
Investment incomeLn 3$52K
Money outPt IX
$721K
Ln 25
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$256K
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$768K
Investment incomeLn 3$52K
Gains on assetsLn 7$4K
Total revenueLn 12$820K
Assets in detailPt X, end of year
CashLn 1$256K
Cash and savings togetherLn 1–2$256K
InvestmentsLn 11–13$784K
Land, buildings, equipmentLn 10c$198K
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$186K$256K
InvestmentsLn 11–13$695K$784K
Land, buildings, equipmentLn 10c$207K$198K
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$8K$0
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$37K
Pay of current officers, directors and key staffLn 5$76K
Payroll taxesLn 10$6K
Accounting feesLn 11c$25K
Investment management feesLn 11f$5K
Other fees for servicesLn 11g$183K
Advertising and promotionLn 12$52K
Office expensesLn 13$20K
TravelLn 17$12K
Travel and entertainment for public officialsLn 18$13K
InterestLn 20$41K
Depreciation, depletion and amortizationLn 22$14K
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$190K
All other expensesLn 24e$39K
Total functional expensesLn 25$721K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $820K$721K$99K$1.2M 990 PDF
FY2024 $779K$724K$55K$1.1M 990 PDF
FY2023 $773K$724K$49K$960K 990 PDF
FY2022 $804K$701K$104K$851K 990 PDF
FY2021 $512K$477K$35K$891K 990 PDF
FY2020 $305K$192K$113K$853K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $820,431 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $740,689$767,997
I-10 Investment incomePrior year $38,307$52,434
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $778,996$820,431
I-13 Grants and similar amounts paidPrior year $36,535$37,450
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $88,960$82,318
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $598,454$601,461
I-18 Total expensesPrior year $723,949$721,229
I-19 Revenue less expensesPrior year $55,047$99,202
Part VI · Governance 24 of 24 board members independent, 4 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $820,431 across 4 lines filed
Lines not itemized here account for $37,063 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $730,934$730,934
VIII-3 Investment incomeExcluded from tax $48,787$48,787
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,647$3,647
VIII-12 Total revenueRelated to mission $767,997 · Unrelated business $0 · Excluded from tax $52,434$820,431
Part IX · Statement of functional expenses $721,229 across 15 lines filed
IX-2 Grants to domestic individuals$37,450
IX-5 Pay of current officers, directors and key staff$76,447
IX-10 Payroll taxes$5,871
IX-11c Accounting fees$25,492
IX-11f Investment management fees$5,445
IX-11g Other fees for services$182,600
IX-12 Advertising and promotion$51,932
IX-13 Office expenses$20,022
IX-17 Travel$12,116
IX-18 Travel and entertainment for public officials$13,059
IX-20 Interest$41,277
IX-22 Depreciation, depletion and amortization$14,130
IX-23 Insurance$7,334
IX-24 Other expenses (24a–d)$189,533
IX-24e All other expenses$38,521
IX-25 Total functional expenses$721,229
Part X · Balance sheet $1,237,926 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $186,432$256,391
X-10c Land, buildings and equipment, netStart of year $206,651$197,781
X-11 Publicly traded securitiesStart of year $694,622$783,754
X-16 Total assetsStart of year $1,087,705$1,237,926
X-25 Other liabilitiesStart of year $7,550$0
X-26 Total liabilitiesStart of year $7,550$0
X-32 Total net assets or fund balancesStart of year $1,080,155$1,237,926
X-33 Total liabilities and net assetsStart of year $1,087,705$1,237,926
Part XI · Reconciliation of net assets $1,237,926 net assets at year end
XI-1 Total revenue$820,431
XI-2 Total expenses$721,229
XI-3 Revenue less expenses$99,202
XI-4 Net assets at start of year$1,080,155
XI-5 Net unrealized gains (losses) on investments$44,493
XI-8 Prior period adjustments$9,265
XI-9 Other changes in net assets$4,811
XI-10 Net assets at end of year$1,237,926

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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