Interstates Rodeo Association FY2020 filing

Not tax-deductible

Grand River, IA501(c)(4)Recreation & SportsEIN 42-1516337Revenue $2K in FY2020

On file with the IRS118 Washington St, 50108-7519 · Grand River, IATax-exempt since Oct 2002

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provide entertainment to public

48¢ of each $1 spent went to programs.
$5K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
2 of 5
filings with a surplus
Average deficit $3K a year · 15% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5K
to officers and key staff · 66% of spending
Concern: pay to officers and key staff is 66% of spending; over 30%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.5 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
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2K
Spent
$8K
To programs
48%
Net assets
$10K
By yearFY2020–FY2025
Revenue
$2K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2K
FY2021$15K
FY2022$28K
FY2023$0
FY2024$29K
FY2025$12K
Expenses
$8K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$8K
FY2021$18K
FY2022$22K
FY2023Not on file
FY2024$21K
FY2025$29K
Net assets
$10K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$10K
FY2021$6K
FY2022$12K
FY2023Not on file
FY2024$19K
FY2025$2K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2002.

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

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $4K Management & general 52% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation
Sec/Treas
$5,000Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Shari Thurman’s $10K as Sec/Treas is at the 61st percentile of top reported officer pay among 98 <$100K recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Shari Thurman$10,000$6,000—$6,000$10,000$5,000
Shirley Francis——$6,300———

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.

See Interstates Rodeo Association executive salaries →

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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

Offers entertainment to the public.

Questions for Interstates Rodeo Association

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Provided by the organization

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1 program · $4K · in their own filed words · FY2020
01

Provide rodeo entertainment for all ages. Attendance at these functions vary. Numerous clients of all ages served. Flyers and programs are printed for each function.

$4Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2K
Ln 12
Gifts and grantsLn 1h$12K
Money outPt IX
$8K
Ln 25
Programscol B$4K
Managementcol C$4K
Owns and owesPt X
$10K
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$10K
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Total revenueLn 12$2K
Assets in detailPt X, end of year
CashLn 1$10K
Cash and savings togetherLn 1–2$10K
Total assetsLn 16$10K
LiabilitiesLn 26$0
Net assetsLn 32$10K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6200
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$15K$10K
Total assetsLn 16$15K$10K
LiabilitiesLn 26$0$0
Net assetsLn 32$15K$10K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$235$0$235$0
Accounting feesLn 11c$5K$2K$2K$0
Office expensesLn 13$231$115$116$0
Information technologyLn 14$2K$829$829$0
Other expenses (24a–d)Ln 24$427$213$214$0
Total functional expensesLn 25$8K$4K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $12K$29K−$17K$2K 990 PDF
FY2024 $29K$21K$8K$19K 990 PDF
FY2023 $0 990 PDF
FY2022 $28K$22K$6K$12K 990 PDF
FY2021 $15K$18K−$4K$6K 990 PDF
FY2020 Viewing $2K$8K−$5K$10K 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 FY2020 990 (6 parts)
Part I · Summary $2,094 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,864$11,805
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $4,680−$9,711
I-12 Total revenuePrior year $23,544$2,094
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $12,912$7,551
I-18 Total expensesPrior year $12,912$7,551
I-19 Revenue less expensesPrior year $10,632−$5,457
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $2,094 across 5 lines filed
VIII-1b Membership dues$11,805
VIII-1h Total contributions, gifts and grants$11,805
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$13,810−$13,810
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,099 · Unrelated business $0 · Excluded from tax $0$4,099
VIII-12 Total revenueRelated to mission $4,099 · Unrelated business $0 · Excluded from tax −$13,810$2,094
Part IX · Statement of functional expenses $7,551 across 5 lines filed
IX-11b Legal feesPrograms $0 · Management $235 · Fundraising $0$235
IX-11c Accounting feesPrograms $2,500 · Management $2,500 · Fundraising $0$5,000
IX-13 Office expensesPrograms $115 · Management $116 · Fundraising $0$231
IX-14 Information technologyPrograms $829 · Management $829 · Fundraising $0$1,658
IX-24 Other expenses (24a–d)Programs $213 · Management $214 · Fundraising $0$427
IX-25 Total functional expensesPrograms $3,657 · Management $3,894 · Fundraising $0$7,551
Part X · Balance sheet $9,762 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $15,219$9,762
X-16 Total assetsStart of year $15,219$9,762
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $15,219$9,762
X-33 Total liabilities and net assetsStart of year $15,219$9,762
Part XI · Reconciliation of net assets $9,762 net assets at year end
XI-1 Total revenue$2,094
XI-2 Total expenses$7,551
XI-3 Revenue less expenses−$5,457
XI-4 Net assets at start of year$15,219
XI-10 Net assets at end of year$9,762

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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