Rodeo De Santa Fe INC

Tax-deductible

Santa Fe, NM501(c)(3)Since 1950Recreation & SportsEIN 85-0376213Revenue $435K in FY2025

On file with the IRSrodeodesantafe.orgPo Box 5185, 87502-5185 · Santa Fe, NMTax-exempt since Jun 2016Publicly supported — 509(a)(2)

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Promote Rodeo programs to provide the community with recreation and preserve history and traditional rural customs.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 30 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $28K a year · 8% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$215K
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$435K
-11% vs prior year
Spent
$431K
To programs
100%
Net assets
$285K
By yearFY2020–FY2025
Revenue
$435K
FY2025▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$51K
FY2021$316K
FY2022$373K
FY2023$395K
FY2024$488K
FY2025$435K
Expenses
$431K
FY2025-0.1%
Tap a bar for its year
Expenses by fiscal year
FY2020$55K
FY2021$279K
FY2022$337K
FY2023$354K
FY2024$432K
FY2025$431K
Net assets
$285K
FY2025▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$111K
FY2021$147K
FY2022$183K
FY2023$225K
FY2024$281K
FY2025$285K

From the FY2025 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 2016.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $431K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Rodeo De Santa Fe 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 15aNo

Programs and updates

Promotes rodeo programs for community recreation and to preserve rural history and customs.

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Provided by the organization

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3 programs · $431K · in their own filed words · FY2025
01

The organization successfully produced a four day rodeo performance with attendence in excess of 12,500 people consisting of both the local community, national and international tourists.

$383Kprogram expense
02

The organization produced a weekly barrel racing competition and exhibition from may to october. The events were attended by local barrel racers, both youth and adult competitors. There was an average of 20 attendees for each event.

$31Kprogram expense
03

The organization held royalty instruction classes and royalty contests for local young women. The program promotes training in public presentations and speaking, in addition to horsemanship training.

$17Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$435K
Ln 12
Fees for servicesLn 2g$439K
Gifts and grantsLn 1h$51K
Investment incomeLn 3$107
Money outPt IX
$431K
Ln 25
Programscol B$431K
Owns and owesPt X
$285K
net assets · Ln 32
Cash and savingsLn 1–2$419K
Total assetsLn 16$500K
LiabilitiesLn 26$215K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$51K
Fees for servicesLn 2g$439K
Investment incomeLn 3$107
Total revenueLn 12$435K
Assets in detailPt X, end of year
CashLn 1$367K
SavingsLn 2$52K
Cash and savings togetherLn 1–2$419K
Land, buildings, equipmentLn 10c$81K
Total assetsLn 16$500K
LiabilitiesLn 26$215K
Net assetsLn 32$285K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$362K$419K
Land, buildings, equipmentLn 10c$81K$81K
Total assetsLn 16$444K$500K
LiabilitiesLn 26$163K$215K
Net assetsLn 32$281K$285K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1K$1K
Accounting feesLn 11c$806$806
Other fees for servicesLn 11g$131K$131K
Advertising and promotionLn 12$19K$19K
Office expensesLn 13$4K$4K
OccupancyLn 16$73K$73K
Conferences, conventions and meetingsLn 19$10K$10K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$127K$127K
All other expensesLn 24e$30K$30K
Total functional expensesLn 25$431K$431K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $435K$431K$4K$285K 990 PDF
FY2024 $488K$432K$56K$281K 990 PDF
FY2023 $395K$354K$42K$225K 990 PDF
FY2022 $373K$337K$36K$183K 990 PDF
FY2021 $316K$279K$37K$147K 990 PDF
FY2020 $51K$55K−$4K$111K 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 FY2025 990 (6 parts)
Part I · Summary $435,232 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $51,473$51,473
I-9 Program service revenuePrior year $439,497$439,497
I-10 Investment incomePrior year $107$107
I-11 Other revenuePrior year −$3,045−$55,845
I-12 Total revenuePrior year $488,032$435,232
I-13 Grants and similar amounts paidPrior year $1,000$1,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $430,655$430,106
I-18 Total expensesPrior year $431,655$431,106
I-19 Revenue less expensesPrior year $56,377$4,126
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $435,232 across 7 lines filed
Lines not itemized here account for −$6,410 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$51,473
VIII-1h Total contributions, gifts and grants$51,473
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $439,497$439,497
VIII-3 Investment incomeRelated to mission $107$107
VIII-6 Net rental income or lossRelated to mission −$49,435−$49,435
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $383,759 · Unrelated business $0 · Excluded from tax $0$435,232
Part IX · Statement of functional expenses $431,106 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $1,000$1,000
IX-11c Accounting feesPrograms $806$806
IX-11g Other fees for servicesPrograms $131,305$131,305
IX-12 Advertising and promotionPrograms $18,766$18,766
IX-13 Office expensesPrograms $4,465$4,465
IX-16 OccupancyPrograms $73,105$73,105
IX-19 Conferences, conventions and meetingsPrograms $10,248$10,248
IX-22 Depreciation, depletion and amortizationPrograms $20,093$20,093
IX-23 InsurancePrograms $14,486$14,486
IX-24 Other expenses (24a–d)Programs $126,607$126,607
IX-24e All other expensesPrograms $30,225$30,225
IX-25 Total functional expensesPrograms $431,106 · Management $0 · Fundraising $0$431,106
Part X · Balance sheet $500,427 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $310,535$366,912
X-2 Savings and temporary cash investmentsStart of year $51,664$51,771
X-8 Inventories for sale or useStart of year $1,000$1,000
X-10c Land, buildings and equipment, netStart of year $80,744$80,744
X-16 Total assetsStart of year $443,943$500,427
X-17 Accounts payable and accrued expensesStart of year $15,359$67,717
X-24 Unsecured notes and loans payableStart of year $147,634$147,634
X-26 Total liabilitiesStart of year $162,993$215,351
X-27 Net assets without donor restrictionsStart of year $280,950$285,076
X-32 Total net assets or fund balancesStart of year $280,950$285,076
X-33 Total liabilities and net assetsStart of year $443,943$500,427
Part XI · Reconciliation of net assets $285,076 net assets at year end
XI-1 Total revenue$435,232
XI-2 Total expenses$431,106
XI-3 Revenue less expenses$4,126
XI-4 Net assets at start of year$280,950
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$285,076

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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