To promote agriculture by hosting an annual family freindly Rodeo event that educates and entertains the public, supports iowa youth, showcases midwestern livestock heritage, and provides year round educational support witnin the community.

501(c)(3) charity; gifts are tax-deductible.
17¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
3 of 3
filings with a surplus
Average surplus $43K a year · 26% 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
17%
of spending
Concern: 17% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$136
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$201K
+119% vs prior year
Spent
$162K
To programs
17%
Net assets
$118K
By yearFY2022–FY2024
Revenue
$201K
FY2023▲ +119%
Tap a bar for its year
Revenue by fiscal year
FY2022$92K
FY2023$201K
FY2024$201K
Expenses
$162K
FY2023▲ ×13
Tap a bar for its year
Expenses by fiscal year
FY2022$12K
FY2023$162K
FY2024$189K
Net assets
$118K
FY2023▲ +48%
Tap a bar for its year
Net assets by fiscal year
FY2022$79K
FY2023$118K
FY2024$138K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 2023.

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

Where the money goes

17 cents of each dollar spent went to programs.

Program services 17% · $27K Management & general 17% · $27K Fundraising 66% · $107K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Cherokee Rodeo 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

Hosts a family rodeo to promote agriculture, educate the public, and support Iowa youth and heritage.

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Provided by the organization

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1 program · $27K · in their own filed words · FY2023
01

Created a non-profit organization intended to beneift the agriculture community around the area

$27Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $14K · 2024–2024
Unitemized GrantFY2024$10,000
VariousFY2024$3,900

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$201K
Ln 12
Gifts and grantsLn 1h$199K
Investment incomeLn 3$2K
Money outPt IX
$162K
Ln 25
Programscol B$27K
Managementcol C$27K
Fundraisingcol D$107K
Owns and owesPt X
$118K
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$118K
LiabilitiesLn 26$136
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$199K
Government grantsLn 1e$5K
Fundraising eventsLn 1c$194K
Investment incomeLn 3$2K
Gains on assetsLn 7$800
Total revenueLn 12$201K
Assets in detailPt X, end of year
CashLn 1$31K
SavingsLn 2$71K
Cash and savings togetherLn 1–2$102K
Land, buildings, equipmentLn 10c$15K
Total assetsLn 16$118K
LiabilitiesLn 26$136
Net assetsLn 32$118K
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 FY23End FY23
Cash and savingsLn 1–2$79K$102K
Land, buildings, equipmentLn 10c$15K
Total assetsLn 16$79K$118K
LiabilitiesLn 26$0$136
Net assetsLn 32$79K$118K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Grants to domestic individualsLn 2$22K$22K
Legal feesLn 11b$3K$3K
Professional fundraising feesLn 11e$880$880
Other fees for servicesLn 11g$67K$701$67K
Advertising and promotionLn 12$38K$38K
Office expensesLn 13$2K$2K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$15K$15K
Total functional expensesLn 25$162K$27K$27K$107K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $201K$189K$12K$138K 990 PDF
FY2023 Viewing $201K$162K$39K$118K 990 PDF
FY2022 $92K$12K$79K$79K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $200,742 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $500$199,048
I-9 Program service revenue$0
I-10 Investment income$1,694
I-11 Other revenuePrior year $91,324$0
I-12 Total revenuePrior year $91,824$200,742
I-13 Grants and similar amounts paidPrior year $345$27,222
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$880
I-17 Other expensesPrior year $12,152$133,442
I-18 Total expensesPrior year $12,497$161,544
I-19 Revenue less expensesPrior year $79,327$39,198
Part VI · Governance 0 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
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 $200,742 across 7 lines filed
VIII-1b Membership dues$100
VIII-1c Fundraising events$193,948
VIII-1e Government grants$5,000
VIII-1h Total contributions, gifts and grants$199,048
VIII-3 Investment incomeRelated to mission $894$894
VIII-7 Net gain or loss on sales of assetsRelated to mission $800$800
VIII-12 Total revenueRelated to mission $1,694 · Unrelated business $0 · Excluded from tax $0$200,742
Part IX · Statement of functional expenses $161,544 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $4,914$4,914
IX-2 Grants to domestic individualsPrograms $22,308$22,308
IX-11b Legal feesManagement $3,313$3,313
IX-11e Professional fundraising feesFundraising $880$880
IX-11g Other fees for servicesManagement $701 · Fundraising $66,505$67,206
IX-12 Advertising and promotionFundraising $37,840$37,840
IX-13 Office expensesManagement $2,201$2,201
IX-19 Conferences, conventions and meetingsManagement $1,880$1,880
IX-22 Depreciation, depletion and amortizationFundraising $1,714$1,714
IX-23 InsuranceManagement $4,215$4,215
IX-24 Other expenses (24a–d)Management $15,073$15,073
IX-25 Total functional expensesPrograms $27,222 · Management $27,383 · Fundraising $106,939$161,544
Part X · Balance sheet $117,727 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $79,327$31,410
X-2 Savings and temporary cash investments$70,887
X-10c Land, buildings and equipment, net$15,430
X-16 Total assetsStart of year $79,327$117,727
X-17 Accounts payable and accrued expenses$136
X-26 Total liabilitiesStart of year $0$136
X-27 Net assets without donor restrictionsStart of year $79,327$117,591
X-32 Total net assets or fund balancesStart of year $79,327$117,591
X-33 Total liabilities and net assetsStart of year $79,327$117,727
Part XI · Reconciliation of net assets $117,591 net assets at year end
XI-1 Total revenue$200,742
XI-2 Total expenses$161,544
XI-3 Revenue less expenses$39,198
XI-4 Net assets at start of year$79,327
XI-8 Prior period adjustments−$934
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$117,591

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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