Amarillo Tri-State Exposition FY2022 filing

Tax-deductible

Amarillo, TX501(c)(3)Recreation & SportsEIN 75-0832456

Agriculture and edcuational exhibitions. Promotion of public awareness of the ag industry and maintenance of public facilities for livestock and hosre shows.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$116K 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

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $506K a year · 15% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 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
$116K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $33K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$106K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
-1% vs prior year
Spent
$3.0M
To programs
84%
Net assets
$5.1M
By yearFY2020–FY2024
Revenue
$3.4M
FY2022▼ -1%
Revenue by fiscal year
FY2020$1.3M
FY2021$3.5M
FY2022$3.4M
FY2023$4.6M
FY2024$4.1M
Expenses
$3.0M
FY2022▲ +15%
Expenses by fiscal year
FY2020$1.5M
FY2021$2.6M
FY2022$3.0M
FY2023$3.5M
FY2024$3.7M
Net assets
$5.1M
FY2022▲ +8%
Net assets by fiscal year
FY2020$3.9M
FY2021$4.7M
FY2022$5.1M
FY2023$6.2M
FY2024$6.6M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1985.

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% · $2.5M Management & general 16% · $497K

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

Who runs it and what they're paid

6 people listed on the 990; $116K paid to officers and key staff.

Part VII, Section A · reportable compensation
General Mana
$116,495Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A

Brady Ragland’s $127K as General Mana is at the 51st percentile of top reported officer pay among 1842 $1–10M 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

NameFY2024FY2023FY2022FY2021FY2020
Brady Ragland$126,630$119,843$116,495——
Virgil Bartlett———$114,538$103,607

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 Amarillo Tri-State Exposition 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

Promotes public awareness of agriculture through exhibitions and maintains facilities for livestock and horse shows.

Provided by the organization

This section is blank until Amarillo Tri-State Exposition claims this page.

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1 program service account for $2.5M of program spending, described in the organization's own filed words · FY2022.
01

Commercial exhibit spaces for exhibtors, midway, and food and drink concessions for visitors. Livestock and horse shows and individual exhibits promoting agriculture and educating the public, during an eight day exposition and year round promotion of LIVESTOCK/HORSE events and other shows for public enjoyment and education.

$2.5Mprogram 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 · funders on record
Grants received · FY2023
Total grants receivedfrom 3 funders$33K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Fees for servicesLn 2g$2.4M
Other incomeLn 4–11$968K
Investment incomeLn 3$22K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.5M
Managementcol C$497K
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$5.2M
LiabilitiesLn 26$106K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18K
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$22K
Other incomeLn 4–11$968K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$1.7M
SavingsLn 2$790K
Cash and savings togetherLn 1–2$2.4M
Land, buildings, equipmentLn 10c$2.6M
Total assetsLn 16$5.2M
LiabilitiesLn 26$106K
Net assetsLn 32$5.1M
OperationsPt I, VI
EmployeesI 518
VolunteersI 6350
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$2.0M$2.4M
Land, buildings, equipmentLn 10c$2.8M$2.6M
Total assetsLn 16$4.9M$5.2M
LiabilitiesLn 26$158K$106K
Net assetsLn 32$4.7M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$116K$86K$31K
Other salaries and wagesLn 7$729K$538K$191K
Pension plan contributionsLn 8$4K$4K
Other employee benefitsLn 9$92K$69K$23K
Accounting feesLn 11c$47K$468$47K
Advertising and promotionLn 12$74K$74K
Office expensesLn 13$35K$1K$34K
OccupancyLn 16$124K$124K
TravelLn 17$9K$9K
Conferences, conventions and meetingsLn 19$6K$2K$4K
Depreciation, depletion and amortizationLn 22$165K$148K$18K
InsuranceLn 23$111K$111K
Other expenses (24a–d)Ln 24$825K$749K$76K
All other expensesLn 24e$707K$643K$65K
Total functional expensesLn 25$3.0M$2.5M$497K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.1M$3.7M$455K$6.6M 990 PDF
FY2023 $4.6M$3.5M$1.1M$6.2M 990 PDF
FY2022 Viewing $3.4M$3.0M$382K$5.1M 990 PDF
FY2021 $3.5M$2.6M$814K$4.7M 990 PDF
FY2020 $1.3M$1.5M−$221K$3.9M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $3,426,962 across 7 lines filed
VIII-1b Membership dues$4,300
VIII-1f All other contributions, gifts and grants$13,795
VIII-1h Total contributions, gifts and grants$18,095
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $2,419,005$2,419,005
VIII-3 Investment incomeRelated to mission $21,732$21,732
VIII-6 Net rental income or lossRelated to mission $968,130$968,130
VIII-12 Total revenueRelated to mission $989,862 · Excluded from tax $2,419,005$3,426,962
Part IX · Statement of functional expenses $3,044,722 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $85,962 · Management $30,533$116,495
IX-7 Other salaries and wagesPrograms $537,655 · Management $190,977$728,632
IX-8 Pension plan contributionsPrograms $3,675$3,675
IX-9 Other employee benefitsPrograms $68,543 · Management $23,225$91,768
IX-11c Accounting feesPrograms $468 · Management $46,900$47,368
IX-12 Advertising and promotionPrograms $74,017$74,017
IX-13 Office expensesPrograms $1,056 · Management $34,396$35,452
IX-16 OccupancyPrograms $124,400$124,400
IX-17 TravelManagement $8,691$8,691
IX-19 Conferences, conventions and meetingsPrograms $1,903 · Management $4,198$6,101
IX-22 Depreciation, depletion and amortizationPrograms $147,734 · Management $17,584$165,318
IX-23 InsurancePrograms $110,813$110,813
IX-24 Other expenses (24a–d)Programs $748,538 · Management $76,265$824,803
IX-24e All other expensesPrograms $642,578 · Management $64,611$707,189
IX-25 Total functional expensesPrograms $2,547,342 · Management $497,380 · Fundraising $0$3,044,722
Part X · Balance sheet $5,182,562 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $982,757$1,651,550
X-2 Savings and temporary cash investmentsStart of year $996,552$790,001
X-4 Accounts receivableStart of year $16,927$17,121
X-8 Inventories for sale or useStart of year $17,213$17,213
X-9 Prepaid expenses and deferred chargesStart of year $65,407$98,755
X-10c Land, buildings and equipment, netStart of year $2,773,239$2,607,922
X-16 Total assetsStart of year $4,852,095$5,182,562
X-17 Accounts payable and accrued expensesStart of year $113,704$103,724
X-19 Deferred revenueStart of year $44,006$2,213
X-26 Total liabilitiesStart of year $157,710$105,937
X-32 Total net assets or fund balancesStart of year $4,694,385$5,076,625
X-33 Total liabilities and net assetsStart of year $4,852,095$5,182,562
Part XI · Reconciliation of net assets $5,076,625 net assets at year end
XI-1 Total revenue$3,426,962
XI-2 Total expenses$3,044,722
XI-3 Revenue less expenses$382,240
XI-4 Net assets at start of year$4,694,385
XI-10 Net assets at end of year$5,076,625

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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