Casey Tibbs Foundation FY2023 filing

Tax-deductible

Fort Pierre, SD501(c)(3)Arts & CultureEIN 46-0407894Revenue $402K in FY2023

On file with the IRSPo Box 911, 57532-0911 · Fort Pierre, SDTax-exempt since Jan 1992Publicly supported — 509(a)(2)

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Preserve rodeo heritage in south dakota

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$81K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
0 of 6
filings with a surplus
Average deficit $108K a year · 38% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $124K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$402K
+37% vs prior year
Spent
$442K
To programs
60%
Net assets
$2.9M
By yearFY2020–FY2025
Revenue
$402K
FY2023▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2020$174K
FY2021$251K
FY2022$293K
FY2023$402K
FY2024$292K
FY2025$288K
Expenses
$442K
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$300K
FY2021$343K
FY2022$413K
FY2023$442K
FY2024$433K
FY2025$418K
Net assets
$2.9M
FY2023▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$3.0M
FY2022$2.9M
FY2023$2.9M
FY2024$2.7M
FY2025$2.6M

From the FY2023 Form 990 (year ending September 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 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 Jan 1992.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $265K Management & general 40% · $177K

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

13 people listed on the 990; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Director of Center
$80,994Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kalyn Eulberg’s $84K as Director of Center is at the 78th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kalyn Eulberg$84,000$85,458$80,994$62,750$55,532$42,200

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 South Dakota's rodeo history and traditions for future generations.

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Provided by the organization

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1 program · $265K · in their own filed words · FY2022
01

Preserved and promoted rodeo in south dakota

$265Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$124K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$402K
Ln 12
Gifts and grantsLn 1h$267K
Other incomeLn 4–11$135K
Investment incomeLn 3$433
Money outPt IX
$442K
Ln 25
Programscol B$265K
Managementcol C$177K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$2.9M
LiabilitiesLn 26$10K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$267K
Investment incomeLn 3$433
Other incomeLn 4–11$135K
Gains on assetsLn 7$0
Total revenueLn 12$402K
Assets in detailPt X, end of year
CashLn 1$102K
SavingsLn 2$0
Cash and savings togetherLn 1–2$102K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2.6M
Other assetsLn 15$149K
Total assetsLn 16$2.9M
LiabilitiesLn 26$10K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 523
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$55K$102K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2.7M$2.6M
Total assetsLn 16$2.9M$2.9M
LiabilitiesLn 26$12K$10K
Net assetsLn 32$2.9M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$81K$40K$40K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$50K$50K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$25$25
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$29K$29K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$45K$45K
TravelLn 17$767$767
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$108K$108K
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$76K$76K
All other expensesLn 24e$19K$19K
Total functional expensesLn 25$442K$265K$177K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $288K$418K−$130K$2.6M 990 PDF
FY2024 $292K$433K−$141K$2.7M 990 PDF
FY2023 Viewing $402K$442K−$41K$2.9M 990 PDF
FY2022 $293K$413K−$120K$2.9M 990 PDF
FY2021 $251K$343K−$92K$3.0M 990 PDF
FY2020 $174K$300K−$126K$3.1M 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 FY2023 990 (6 parts)
Part I · Summary $401,600 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $210,000$266,573
I-9 Program service revenue$0
I-10 Investment incomePrior year $39$433
I-11 Other revenuePrior year $82,861$134,594
I-12 Total revenuePrior year $292,900$401,600
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $131,093$131,100
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $281,445$311,154
I-18 Total expensesPrior year $412,538$442,254
I-19 Revenue less expensesPrior year −$119,638−$40,654
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $401,600 across 10 lines filed
Lines not itemized here account for $7,891 of total revenue; see the IRS return.
VIII-1b Membership dues$10,725
VIII-1f All other contributions, gifts and grants$255,848
VIII-1h Total contributions, gifts and grants$266,573
VIII-3 Investment incomeExcluded from tax $433$433
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $42,977$42,977
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $74,801 · Excluded from tax $8,925$83,726
VIII-12 Total revenueRelated to mission $74,801 · Unrelated business $7,891 · Excluded from tax $52,335$401,600
Part IX · Statement of functional expenses $442,254 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $40,497 · Management $40,497$80,994
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $50,081$50,081
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $25$25
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $3,473$3,473
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $28,895$28,895
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $45,111$45,111
IX-17 TravelPrograms $767$767
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $107,806$107,806
IX-23 InsurancePrograms $30,361$30,361
IX-24 Other expenses (24a–d)Programs $75,511$75,511
IX-24e All other expensesPrograms $19,230$19,230
IX-25 Total functional expensesPrograms $265,056 · Management $177,198 · Fundraising $0$442,254
Part X · Balance sheet $2,889,175 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $55,066$101,830
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or useStart of year $3,464$3,761
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $2,736,098$2,634,256
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $136,420$149,328
X-16 Total assetsStart of year $2,931,048$2,889,175
X-17 Accounts payable and accrued expensesStart of year $2,953$8,450
X-25 Other liabilitiesStart of year $8,628$1,912
X-26 Total liabilitiesStart of year $11,581$10,362
X-32 Total net assets or fund balancesStart of year $2,919,467$2,878,813
X-33 Total liabilities and net assetsStart of year $2,931,048$2,889,175
Part XI · Reconciliation of net assets $2,878,813 net assets at year end
XI-1 Total revenue$401,600
XI-2 Total expenses$442,254
XI-3 Revenue less expenses−$40,654
XI-4 Net assets at start of year$2,919,467
XI-10 Net assets at end of year$2,878,813

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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