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Mitchell Rodeo Foundation INC FY2024 filing

Tax-deductible

Mitchell, SD501(c)(3)Since 2021AnimalsEIN 87-2649383Revenue $498K in FY2024

On file with the IRS1015 S Miller Ave, 57301-4147 · Mitchell, SDTax-exempt since Jun 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Education, information, and promotion of the appreciation of the sport of Rodeo and other equine and livestock activities in the community and surrounding areas of Mitchell, south dakota.

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

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
3 of 3
filings with a surplus
Average surplus $220K a year · 69% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 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
10 mo
of spending, in cash
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $35K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$972K
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$498K
+139% vs prior year
Spent
$120K
To programs
100%
Net assets
$583K
By yearFY2023–FY2025
Revenue
$498K
FY2024▲ +139%
Tap a bar for its year
Revenue by fiscal year
FY2023$208K
FY2024$498K
FY2025$254K
Expenses
$120K
FY2024▲ ×50
Tap a bar for its year
Expenses by fiscal year
FY2023$2K
FY2024$120K
FY2025$178K
Net assets
$583K
FY2024▲ +184%
Tap a bar for its year
Net assets by fiscal year
FY2023$206K
FY2024$583K
FY2025$659K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2023.

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% · $120K

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
$0Pt VII · Sec A
Tyler Graham
Vice Preside
$0Pt VII · Sec A
Jayson Plamp
Secretary
$0Pt VII · Sec A
Matthew Zens
Treasurer
$0Pt VII · Sec A
Dave Sietsma
Director
$0Pt VII · Sec A
Greg Neppl
Director
$0Pt VII · Sec A
See Mitchell Rodeo Foundation 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 and equine activities through education and community events.

Questions for Mitchell Rodeo Foundation INC

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Provided by the organization

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1 program · $120K · in their own filed words · FY2024
01

Acquisition and development of rodeo facilities in mitchell, SD

$120Kprogram expense

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 · FY2024
South Dakota Community FoundationFY2024$25K
Mitchell Area Charitable FoundationFY2024$10K
Total grants receivedfrom 2 funders$35K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$498K
Ln 12
Gifts and grantsLn 1h$319K
Fees for servicesLn 2g$179K
Money outPt IX
$120K
Ln 25
Programscol B$120K
Owns and owesPt X
$583K
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$1.6M
LiabilitiesLn 26$972K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$319K
Fees for servicesLn 2g$179K
Total revenueLn 12$498K
Assets in detailPt X, end of year
CashLn 1$102K
Cash and savings togetherLn 1–2$102K
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$1.6M
LiabilitiesLn 26$972K
Net assetsLn 32$583K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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 FY24End FY24
Cash and savingsLn 1–2$326K$102K
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$591K$1.6M
LiabilitiesLn 26$386K$972K
Net assetsLn 32$206K$583K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$690$690
Office expensesLn 13$248$248
OccupancyLn 16$15K$15K
InterestLn 20$36K$36K
Depreciation, depletion and amortizationLn 22$58K$58K
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$120K$120K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $254K$178K$76K$659K 990 PDF
FY2024 Viewing $498K$120K$378K$583K 990 PDF
FY2023 $208K$2K$206K$206K 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 (6 parts)
Part I · Summary $497,698 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $207,987$318,948
I-9 Program service revenue$178,750
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $207,987$497,698
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,396$120,019
I-18 Total expensesPrior year $2,396$120,019
I-19 Revenue less expensesPrior year $205,591$377,679
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $497,698 across 4 lines filed
VIII-1f All other contributions, gifts and grants$318,948
VIII-1h Total contributions, gifts and grants$318,948
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $178,750$178,750
VIII-12 Total revenueRelated to mission $178,750$497,698
Part IX · Statement of functional expenses $120,019 across 6 lines filed
IX-11c Accounting feesPrograms $690$690
IX-13 Office expensesPrograms $248$248
IX-16 OccupancyPrograms $15,000$15,000
IX-20 InterestPrograms $36,182$36,182
IX-22 Depreciation, depletion and amortizationPrograms $58,254$58,254
IX-24 Other expenses (24a–d)Programs $9,645$9,645
IX-25 Total functional expensesPrograms $120,019 · Management $0 · Fundraising $0$120,019
Part X · Balance sheet $1,555,690 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $325,933$102,142
X-10c Land, buildings and equipment, net$1,453,548
X-16 Total assetsStart of year $591,286$1,555,690
X-26 Total liabilitiesStart of year $385,695$972,420
X-27 Net assets without donor restrictionsStart of year $205,591$583,270
X-32 Total net assets or fund balancesStart of year $205,591$583,270
X-33 Total liabilities and net assetsStart of year $591,286$1,555,690
Part XI · Reconciliation of net assets $583,270 net assets at year end
XI-1 Total revenue$497,698
XI-2 Total expenses$120,019
XI-3 Revenue less expenses$377,679
XI-4 Net assets at start of year$205,591
XI-10 Net assets at end of year$583,270

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

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