Cheyenne Frontier Days INC FY2020 filing

Not tax-deductible

Cheyenne, WY501(c)(6)Since 1991EIN 83-0297781Revenue $2.8M in FY2020

On file with the IRScfdrodeo.com1230 W 8th Ave, 82001-1002 · Cheyenne, WYTax-exempt since Dec 1991

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While preserving more than a century of western heritage, Cheyenne Frontier Days will strive to continually explore and implement new endeavors that provide an unforgettable and unique experience to its guests. Cheyenne Frontier Days, "the daddy of 'em all", is the premier western celebration in the world.

49¢ of each $1 spent went to programs.
$246K 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)(6)
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
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 $3.9M a year · 18% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$246K
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
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $392K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.7M
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
Spent
$4.6M
To programs
49%
Net assets
$15.9M
By yearFY2020–FY2024
Revenue
$2.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$28.4M
FY2022$21.4M
FY2023$25.5M
FY2024$26.8M
Expenses
$4.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.6M
FY2021$18.1M
FY2022$18.8M
FY2023$20.8M
FY2024$23.3M
Net assets
$15.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$15.9M
FY2021$26.5M
FY2022$28.1M
FY2023$34.9M
FY2024$41.9M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Dec 1991.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $2.3M Management & general 29% · $1.3M Fundraising 22% · $1.0M

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; $246K paid to officers and key staff.

Part VII, Section A · reportable compensation
$246,105Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Sec/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tom Hirsig$414,225$312,851$286,422$275,167$246,105
Jim Wilkinson$150,197—$163,449$157,058—
Jeannie Gebhart$147,800$117,114$106,848$107,542—
Nicole Gamst$119,800$106,843———
Tim Allen$115,410————
Barb Robertson$103,000————
Randy Rhodes$103,000————

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 Cheyenne Frontier Days INC 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 15aYes

Programs and updates

Preserves Western heritage and provides unique, unforgettable celebrations.

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Provided by the organization

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1 program · $2.3M · in their own filed words · FY2020
01

The purpose of this corporation is to plan, produce, promote and manage a western celebration known as "cheyenne frontier days." its objectives are to enhance the economy and business climate of the cheyenne area, to promote and encourage pride in the cheyenne area and its people, to preserve and enhance the culture, heritage and…

$2.3Mprogram 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 2 funders$392K
Grants paid · 19 grants · $486K · 2020–2024
Cheyenne Tennis AssociationWY · FY2024$55,000
Cheyenne Carriage CollectionWY · FY2024$30,000
Laramie County School District #1 Lunch ProgramFY2024$12,756
Laramie County School District #1 Lunch ProgramFY2023$8,500
Jae Foundation INCID · FY2023$5,400
Lccc Rodeo TeamFY2022$6,500
See all 19 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Investment incomeLn 3$1.2M
Fees for servicesLn 2g$808K
Gifts and grantsLn 1h$370K
Money outPt IX
$4.6M
Ln 25
Programscol B$2.3M
Managementcol C$1.3M
Fundraisingcol D$1.0M
Owns and owesPt X
$15.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$22.5M
LiabilitiesLn 26$6.7M
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$370K
Fees for servicesLn 2g$808K
Investment incomeLn 3$1.2M
Other incomeLn 4–11$327K
Gains on assetsLn 7$1.1M
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$6.1M
Land, buildings, equipmentLn 10c$13.5M
Other assetsLn 15$430K
Total assetsLn 16$22.5M
LiabilitiesLn 26$6.7M
Net assetsLn 32$15.9M
OperationsPt I, VI
EmployeesI 5211
VolunteersI 63,000
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.3M$1.4M
InvestmentsLn 11–13$7.6M$6.1M
Land, buildings, equipmentLn 10c$14.1M$13.5M
Total assetsLn 16$26.6M$22.5M
LiabilitiesLn 26$7.4M$6.7M
Net assetsLn 32$19.2M$15.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$278K$278K
Pay of current officers, directors and key staffLn 5$257K$87K$154K$17K
Other salaries and wagesLn 7$1.2M$430K$355K$420K
Investment management feesLn 11f$64K$64K
Other fees for servicesLn 11g$187K$16K$160K$11K
Advertising and promotionLn 12$285K$279K$7K
OccupancyLn 16$379K$196K$90K$93K
TravelLn 17$26K$19K$3K$4K
InterestLn 20$164K$164K
Depreciation, depletion and amortizationLn 22$974K$971K$2K
Other expenses (24a–d)Ln 24$664K$154K$40K$469K
All other expensesLn 24e$122K$103K$16K$3K
Total functional expensesLn 25$4.6M$2.3M$1.3M$1.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $26.8M$23.3M$3.5M$41.9M 990 PDF
FY2023 $25.5M$20.8M$4.6M$34.9M 990 PDF
FY2022 $21.4M$18.8M$2.6M$28.1M 990 PDF
FY2021 $28.4M$18.1M$10.4M$26.5M 990 PDF
FY2020 Viewing $2.8M$4.6M−$1.9M$15.9M 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 FY2020 990 (6 parts)
Part I · Summary $2,753,018 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$369,962
I-9 Program service revenuePrior year $15,870,922$808,189
I-10 Investment incomePrior year $235,214$1,248,154
I-11 Other revenuePrior year $290,040$326,713
I-12 Total revenuePrior year $16,396,176$2,753,018
I-13 Grants and similar amounts paidPrior year $158,786$278,058
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,995,071$1,461,811
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,135,631$2,865,578
I-18 Total expensesPrior year $15,289,488$4,605,447
I-19 Revenue less expensesPrior year $1,106,688−$1,852,429
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,753,018 across 8 lines filed
VIII-1f All other contributions, gifts and grants$369,962
VIII-1h Total contributions, gifts and grants$369,962
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,233 · Unrelated business $750,956$808,189
VIII-3 Investment incomeExcluded from tax $107,081$107,081
VIII-6 Net rental income or lossExcluded from tax $173,033$173,033
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,141,073$1,141,073
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $153,680$153,680
VIII-12 Total revenueRelated to mission $210,913 · Unrelated business $750,956 · Excluded from tax $1,421,187$2,753,018
Part IX · Statement of functional expenses $4,605,447 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $278,058$278,058
IX-5 Pay of current officers, directors and key staffPrograms $86,509 · Management $153,640 · Fundraising $17,302$257,451
IX-7 Other salaries and wagesPrograms $430,058 · Management $354,779 · Fundraising $419,523$1,204,360
IX-11f Investment management feesManagement $64,435$64,435
IX-11g Other fees for servicesPrograms $16,315 · Management $159,926 · Fundraising $10,655$186,896
IX-12 Advertising and promotionManagement $278,830 · Fundraising $6,547$285,377
IX-16 OccupancyPrograms $196,392 · Management $89,522 · Fundraising $93,012$378,926
IX-17 TravelPrograms $19,176 · Management $3,453 · Fundraising $3,841$26,470
IX-20 InterestManagement $164,196$164,196
IX-22 Depreciation, depletion and amortizationPrograms $971,441 · Fundraising $2,136$973,577
IX-24 Other expenses (24a–d)Programs $154,185 · Management $40,454 · Fundraising $469,097$663,736
IX-24e All other expensesPrograms $102,974 · Management $16,180 · Fundraising $2,811$121,965
IX-25 Total functional expensesPrograms $2,255,108 · Management $1,325,415 · Fundraising $1,024,924$4,605,447
Part X · Balance sheet $22,539,597 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,277,089$1,395,188
X-4 Accounts receivableStart of year $338,230$36,259
X-8 Inventories for sale or useStart of year $635,097$663,513
X-9 Prepaid expenses and deferred chargesStart of year $185,315$198,977
X-10c Land, buildings and equipment, netStart of year $14,059,240$13,483,142
X-12 Other securitiesStart of year $7,600,940$6,066,310
X-14 Intangible assetsStart of year $266,549$266,549
X-15 Other assetsStart of year $205,659$429,659
X-16 Total assetsStart of year $26,568,119$22,539,597
X-17 Accounts payable and accrued expensesStart of year $741,111$157,257
X-19 Deferred revenueStart of year $2,668,484$2,780,632
X-25 Other liabilitiesStart of year $10,085$4,583
X-26 Total liabilitiesStart of year $7,366,080$6,665,238
X-27 Net assets without donor restrictionsStart of year $19,202,039$15,874,359
X-32 Total net assets or fund balancesStart of year $19,202,039$15,874,359
X-33 Total liabilities and net assetsStart of year $26,568,119$22,539,597
Part XI · Reconciliation of net assets $15,874,359 net assets at year end
XI-1 Total revenue$2,753,018
XI-2 Total expenses$4,605,447
XI-3 Revenue less expenses−$1,852,429
XI-4 Net assets at start of year$19,202,039
XI-5 Net unrealized gains (losses) on investments−$1,699,251
XI-9 Other changes in net assets$224,000
XI-10 Net assets at end of year$15,874,359

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

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