Rodeo Austin FY2024 filing

Tax-deductible

Austin, TX501(c)(3)Since 1938AnimalsEIN 74-2266672

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We believe IT takes grit to grow the next generation. We are Rodeo Austin, a not-for-profit that provides real experiences and gritty fun to raise millions for texas kids. Since 1938, we've been a mission with a Rodeo that has brought heritage and entertainment to our community. Rodeo Austin is a year-round non-profit funded by a month-long real western experience held every march. Rodeo-goers get to DO things they can DO nowhere else including a prorodeo, one-of-a kind concerts, carnival and a livestock show. All while raising millions for texas kids. Come be a part of real texas grit live and hands-on!

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$742K 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

FY2024 · 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
4 of 6
filings with a surplus
Average surplus $2.3M a year · 18% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$742K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
14
named funders · $264K
Looks good: 14 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.6M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
72
of 72 voting members
Looks good: 72 of 72 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.1M
-7% vs prior year
Spent
$14.0M
To programs
84%
Net assets
$17.7M
By yearFY2020–FY2025
Revenue
$17.1M
FY2024▼ -7%
Revenue by fiscal year
FY2020$2.5M
FY2021$4.3M
FY2022$16.6M
FY2023$18.5M
FY2024$17.1M
FY2025$19.1M
Expenses
$14.0M
FY2024▲ +6%
Expenses by fiscal year
FY2020$5.1M
FY2021$4.6M
FY2022$12.2M
FY2023$13.3M
FY2024$14.0M
FY2025$14.7M
Net assets
$17.7M
FY2024▲ +26%
Net assets by fiscal year
FY2020$4.7M
FY2021$5.2M
FY2022$9.1M
FY2023$14.0M
FY2024$17.7M
FY2025$22.3M

From the FY2024 Form 990 (year ending May 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1983.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $11.8M Management & general 14% · $2.0M Fundraising 2% · $269K

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

76 people listed on the 990; $742K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$272,944Pt VII · Sec A
$193,938Pt VII · Sec A
Marketing & Sponsorship of
$155,927Pt VII · Sec A
Controller
$118,917Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Glen Alan Phillips’s $317K as CEO is at the 63rd percentile of top reported officer pay among 225 $10–100M animals 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Glen Alan Phillips$316,875$272,944$267,684———
Robert Golding——$219,694$206,634$202,326$283,143
Jefferey Thayne$223,900$193,938————
Kathryn Blankinship$164,983$155,927$146,340$110,196$111,637$124,625
Sara McAuley——$129,962——$107,250
Janet Stelly$124,887—————
Pam Ihlo-Herber—$118,917————
Jennie Glenn—————$101,098

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Raises millions for Texas kids through rodeo, concerts, and carnival fun.

Provided by the organization

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3 program services account for $11.8M of program spending, described in the organization's own filed words · FY2023.
01

Educate the public about the agriculture and livestock production industries and preserve and promote texas' western culture, values and heritage through the activities of the annual livestock show and rodeo.

$8.2Mprogram expense
02

Awards programs encourage youth to practice the disciplines necessary to nurture, exhibit and sell livestock and other products (both agricultural and non-agricultural).

$3.3Mprogram expense
03

Scholarships for higher education awarded to texas high school students.

$302Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 14 funders →
Grants paid · 14 grants · $12.9M · 2019–2024
Unitemized GrantFY2024$2,765,797
Unitemized GrantFY2024$360,000
Unitemized GrantFY2024$112,124
Unitemized GrantFY2023$2,595,267
Unitemized GrantFY2023$302,000
Unitemized GrantFY2023$152,804
Unitemized GrantFY2022$2,384,828
Unitemized GrantFY2022$235,297
Unitemized GrantFY2022$22,800
Unitemized GrantFY2021$2,196,704
Unitemized GrantFY2021$51,850
Unitemized GrantFY2020$1,606,003
Unitemized GrantFY2020$20,000
Unitemized GrantFY2019$47,586

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$17.1M
Ln 12
Fees for servicesLn 2g$14.3M
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$1.2M
Money outPt IX
$14.0M
Ln 25
Programscol B$11.8M
Managementcol C$2.0M
Fundraisingcol D$269K
Owns and owesPt X
$17.7M
net assets · Ln 32
Cash and savingsLn 1–2$11.5M
Total assetsLn 16$22.3M
LiabilitiesLn 26$4.6M
PeoplePt VI, VII
76
listed · VII A
PaidVII A4
Voting boardVI 1a72
IndependentVI 1b72
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Noncash giftsLn 1g$234K
Fundraising eventsLn 1c$357K
Fees for servicesLn 2g$14.3M
Investment incomeLn 3$475K
Other incomeLn 4–11$1.2M
Gains on assetsLn 7$25K
Total revenueLn 12$17.1M
Assets in detailPt X, end of year
CashLn 1$4.5M
SavingsLn 2$7.0M
Cash and savings togetherLn 1–2$11.5M
InvestmentsLn 11–13$7.2M
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$22.3M
LiabilitiesLn 26$4.6M
Net assetsLn 32$17.7M
OperationsPt I, VI
EmployeesI 5122
VolunteersI 61,024
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$7.1M$11.5M
InvestmentsLn 11–13$5.8M$7.2M
Land, buildings, equipmentLn 10c$1.5M$1.5M
Total assetsLn 16$15.2M$22.3M
LiabilitiesLn 26$1.2M$4.6M
Net assetsLn 32$14.0M$17.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$3.1M$3.1M
Pay of current officers, directors and key staffLn 5$543K$329K$153K$61K
Other salaries and wagesLn 7$1.2M$726K$338K$134K
Pension plan contributionsLn 8$25K$15K$7K$3K
Other employee benefitsLn 9$103K$62K$29K$12K
Payroll taxesLn 10$130K$79K$37K$15K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$24K$24K
Investment management feesLn 11f$39K$39K
Other fees for servicesLn 11g$1.9M$1.8M$45K
Advertising and promotionLn 12$697K$697K
Office expensesLn 13$224K$109K$115K
Information technologyLn 14$127K$127K
OccupancyLn 16$1.5M$1.4M$65K
TravelLn 17$14K$14K
InterestLn 20$18K$18K
Depreciation, depletion and amortizationLn 22$247K$149K$70K$28K
InsuranceLn 23$157K$95K$44K$18K
Other expenses (24a–d)Ln 24$3.9M$3.8M$167K
All other expensesLn 24e$148K$148K
Total functional expensesLn 25$14.0M$11.8M$2.0M$269K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $19.1M$14.7M$4.4M$22.3M 990 PDF
FY2024 Viewing $17.1M$14.0M$3.1M$17.7M 990 PDF
FY2023 $18.5M$13.3M$5.2M$14.0M 990 PDF
FY2022 $16.6M$12.2M$4.5M$9.1M 990 PDF
FY2021 $4.3M$4.6M−$332K$5.2M 990 PDF
FY2020 $2.5M$5.1M−$2.6M$4.7M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $17,107,954 across 11 lines filed
Lines not itemized here account for $69,520 of total revenue; see the IRS return.
VIII-1b Membership dues$38,109
VIII-1c Fundraising events$357,491
VIII-1f All other contributions, gifts and grants$824,093
VIII-1g Noncash contributions (included above)$234,205
VIII-1h Total contributions, gifts and grants$1,219,693
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,255,118$14,255,118
VIII-3 Investment incomeExcluded from tax $450,055$450,055
VIII-7 Net gain or loss on sales of assetsExcluded from tax $24,802$24,802
VIII-8 Net income from fundraising eventsExcluded from tax $869,408$869,408
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $219,358$219,358
VIII-12 Total revenueRelated to mission $14,474,476 · Unrelated business $0 · Excluded from tax $1,413,785$17,107,954
Part IX · Statement of functional expenses $14,046,066 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $3,050,071$3,050,071
IX-5 Pay of current officers, directors and key staffPrograms $329,142 · Management $153,165 · Fundraising $60,831$543,138
IX-7 Other salaries and wagesPrograms $726,483 · Management $338,066 · Fundraising $134,268$1,198,817
IX-8 Pension plan contributionsPrograms $14,983 · Management $6,972 · Fundraising $2,769$24,724
IX-9 Other employee benefitsPrograms $62,457 · Management $29,065 · Fundraising $11,544$103,066
IX-10 Payroll taxesPrograms $79,043 · Management $36,782 · Fundraising $14,608$130,433
IX-11b Legal feesManagement $6,275$6,275
IX-11c Accounting feesManagement $24,500$24,500
IX-11f Investment management feesManagement $38,845$38,845
IX-11g Other fees for servicesPrograms $1,829,692 · Management $44,694$1,874,386
IX-12 Advertising and promotionManagement $696,925$696,925
IX-13 Office expensesPrograms $109,129 · Management $115,213$224,342
IX-14 Information technologyManagement $127,303$127,303
IX-16 OccupancyPrograms $1,411,702 · Management $64,620$1,476,322
IX-17 TravelManagement $13,745$13,745
IX-20 InterestManagement $18,063$18,063
IX-22 Depreciation, depletion and amortizationPrograms $149,402 · Management $69,523 · Fundraising $27,612$246,537
IX-23 InsurancePrograms $94,972 · Management $44,195 · Fundraising $17,553$156,720
IX-24 Other expenses (24a–d)Programs $3,776,404 · Management $166,983$3,943,387
IX-24e All other expensesPrograms $148,467$148,467
IX-25 Total functional expensesPrograms $11,781,947 · Management $1,994,934 · Fundraising $269,185$14,046,066
Part X · Balance sheet $22,288,302 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,536,672$4,501,428
X-2 Savings and temporary cash investmentsStart of year $4,589,989$7,045,141
X-4 Accounts receivableStart of year $668,607$1,943,639
X-9 Prepaid expenses and deferred chargesStart of year $100,676$77,005
X-10c Land, buildings and equipment, netStart of year $1,540,041$1,515,695
X-11 Publicly traded securitiesStart of year $5,794,988$7,205,394
X-16 Total assetsStart of year $15,230,973$22,288,302
X-17 Accounts payable and accrued expensesStart of year $688,982$3,930,760
X-18 Grants payableStart of year $318,420$519,034
X-19 Deferred revenueStart of year $7,514$6,719
X-26 Total liabilitiesStart of year $1,228,916$4,617,507
X-27 Net assets without donor restrictionsStart of year $10,178,571$13,102,550
X-28 Net assets with donor restrictionsStart of year $3,823,486$4,568,245
X-32 Total net assets or fund balancesStart of year $14,002,057$17,670,795
X-33 Total liabilities and net assetsStart of year $15,230,973$22,288,302
Part XI · Reconciliation of net assets $17,670,795 net assets at year end
XI-1 Total revenue$17,107,954
XI-2 Total expenses$14,046,066
XI-3 Revenue less expenses$3,061,888
XI-4 Net assets at start of year$14,002,057
XI-5 Net unrealized gains (losses) on investments$606,850
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,670,795

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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