Omaha Rodeo INC FY2020 filing

Tax-deductible

Elkhorn, NE501(c)(3)Since 2018Arts & CultureEIN 82-4767103Revenue $20K in FY2020

On file with the IRSomaharivercityrodeo.org18081 Burt St Ste 200, 68022-4722 · Elkhorn, NETax-exempt since Jun 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Educating and entertaining by showcasing our western heritage through the sport of Rodeo.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
3 of 6
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
207 mo
of spending, in cash
Looks good: 207.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$20K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$20K
Spent
$25K
To programs
97%
Net assets
$413K
By yearFY2020–FY2025
Revenue
$20K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$20K
FY2021$366K
FY2022$412K
FY2023$414K
FY2024$341K
FY2025$404K
Expenses
$25K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$25K
FY2021$341K
FY2022$397K
FY2023$386K
FY2024$390K
FY2025$431K
Net assets
$413K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$413K
FY2021$437K
FY2022$452K
FY2023$471K
FY2024$422K
FY2025$395K

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2018.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $24K Management & general 3% · $690

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

18 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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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 15aNo

Programs and updates

Showcasing Western heritage through rodeo, educating and entertaining audiences.

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Provided by the organization

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3 programs · $24K · in their own filed words · FY2020
01

Production of a high school champion's challenge rodeo, awarding scholarships to the winning competitors. Due to the COVID-19 pandemic, the rodeo was not held during 2020 but is scheduled to be held again in september 2021.

$12Kprogram expense
02

Production of a top-tier professional rodeo event which educates and entertains the audience about western heritage and the sport of rodeo. Due to the COVID-19 pandemic, the rodeo was not held during 2020 but is scheduled to be held again in september 2021.

$10Kprogram expense
03

Hosting a rough'n ready challenge rodeo with modified rodeo events for children with special needs. Due to the COVID-19 pandemic this event was not held during 2020 but is scheduled to be held again in september 2021.

$2Kprogram expense

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
Total grants receivedfrom 1 funder$5K
Grants paid · 5 grants · $75K · 2021–2025
Unitemized GrantFY2025$18,000
Unitemized GrantFY2024$15,000
Unitemized GrantFY2023$15,000
Unitemized GrantFY2022$15,000
Unitemized GrantFY2021$12,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$20K
Ln 12
Gifts and grantsLn 1h$19K
Other incomeLn 4–11$820
Investment incomeLn 3$229
Money outPt IX
$25K
Ln 25
Programscol B$24K
Managementcol C$690
Owns and owesPt X
$413K
net assets · Ln 32
Cash and savingsLn 1–2$433K
Total assetsLn 16$433K
LiabilitiesLn 26$20K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19K
Investment incomeLn 3$229
Other incomeLn 4–11$820
Total revenueLn 12$20K
Assets in detailPt X, end of year
CashLn 1$282K
SavingsLn 2$151K
Cash and savings togetherLn 1–2$433K
Total assetsLn 16$433K
LiabilitiesLn 26$20K
Net assetsLn 32$413K
OperationsPt I, VI
EmployeesI 50
VolunteersI 690
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 FY20End FY20
Cash and savingsLn 1–2$415K$433K
Total assetsLn 16$449K$433K
LiabilitiesLn 26$31K$20K
Net assetsLn 32$418K$413K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$11K$11K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$130$130
Other expenses (24a–d)Ln 24$12K$12K
All other expensesLn 24e$560$560
Total functional expensesLn 25$25K$24K$690$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $404K$431K−$27K$395K 990 PDF
FY2024 $341K$390K−$49K$422K 990 PDF
FY2023 $414K$386K$28K$471K 990 PDF
FY2022 $412K$397K$14K$452K 990 PDF
FY2021 $366K$341K$25K$437K 990 PDF
FY2020 Viewing $20K$25K−$5K$413K 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 $19,849 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $284,250$18,800
I-9 Program service revenuePrior year $178,175$0
I-10 Investment incomePrior year $1,100$229
I-11 Other revenuePrior year $750$820
I-12 Total revenuePrior year $464,275$19,849
I-13 Grants and similar amounts paidPrior year $17,500$11,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $377,007$14,072
I-18 Total expensesPrior year $394,507$25,072
I-19 Revenue less expensesPrior year $69,768−$5,223
Part VI · Governance 17 of 17 board members independent, 4 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $19,849 across 5 lines filed
VIII-1f All other contributions, gifts and grants$18,800
VIII-1h Total contributions, gifts and grants$18,800
VIII-3 Investment incomeExcluded from tax $229$229
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $820$820
VIII-12 Total revenueRelated to mission $820 · Unrelated business $0 · Excluded from tax $229$19,849
Part IX · Statement of functional expenses $25,072 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $11,000$11,000
IX-12 Advertising and promotionPrograms $1,357$1,357
IX-13 Office expensesManagement $130$130
IX-24 Other expenses (24a–d)Programs $12,025$12,025
IX-24e All other expensesManagement $560$560
IX-25 Total functional expensesPrograms $24,382 · Management $690 · Fundraising $0$25,072
Part X · Balance sheet $433,044 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $263,867$281,715
X-2 Savings and temporary cash investmentsStart of year $151,100$151,329
X-3 Pledges and grants receivableStart of year $33,500$0
X-9 Prepaid expenses and deferred chargesStart of year $300$0
X-16 Total assetsStart of year $448,767$433,044
X-17 Accounts payable and accrued expensesStart of year $30,750$20,250
X-26 Total liabilitiesStart of year $30,750$20,250
X-32 Total net assets or fund balancesStart of year $418,017$412,794
X-33 Total liabilities and net assetsStart of year $448,767$433,044
Part XI · Reconciliation of net assets $412,794 net assets at year end
XI-1 Total revenue$19,849
XI-2 Total expenses$25,072
XI-3 Revenue less expenses−$5,223
XI-4 Net assets at start of year$418,017
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$412,794

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

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