Ranching Heritage Association
- Assets
- $3.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Lubbock, TX
- Founding
- 12/1969
- Data as of
- 08/2022
- EIN
- 23-7047334
Organization Overview
Ranching Heritage Association is located in Lubbock, TX. The organization was established in 1969. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 08/2022, Ranching Heritage Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ranching Heritage Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Ranching Heritage Association generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $1.7m during the year ending 08/2022. While expenses have increased by 12.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE AND INTERPRET THE HISTORY OF RANCHING, PIONEER LIFE AND THE DEVELOPMENT OF THE LIVESTOCK INDUSTRY IN NORTH AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBIT EXPENSE - ACQUISITION, RESTORATION AND MAINTENANCE OF MUSEUM SITE AND EXHIBITS AT THE NATIONAL RANCHING HERITAGE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Hobbs Member | OfficerTrustee | 1 | $0 |
Mark Kirkpatrick President | OfficerTrustee | 1 | $0 |
Jay Evans Member | Trustee | 0 | $0 |
Andra Cantrell Member | Trustee | 1 | $0 |
Andy Gray Member | Trustee | 1 | $0 |
Melanie Hart Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $328,145 |
| Government grants | $681,269 |
| All other contributions, gifts, grants, and similar amounts not included above | $688,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,698,127 |
| Total Program Service Revenue | $0 |
| Investment income | $30,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $80,965 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $92,201 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,901,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,584 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $68,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $159,415 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,000 |
| Travel | $24,043 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,698 |
| Insurance | $22,088 |
| All other expenses | $281,245 |
| Total functional expenses | $1,729,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $875,771 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,842 |
| Prepaid expenses and deferred charges | $833 |
| Net Land, buildings, and equipment | $11,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,762,864 |
| Total assets | $3,709,330 |
| Accounts payable and accrued expenses | $50,913 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,281 |
| Total liabilities | $57,194 |
| Net assets without donor restrictions | $3,015,461 |
| Net assets with donor restrictions | $636,675 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,709,330 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Ranching Heritage Association has recieved totaling $678,208.
| Awarding Organization | Amount |
|---|---|
James A Buddy Davidson Charitable Foundation Midland, TX PURPOSE: RANCH LIFE LEARNING CENTER | $275,958 |
Helen Jones Foundation Inc Lubbock, TX PURPOSE: GRANT | $200,000 |
Diamond M Foundation Inc San Angelo, TX PURPOSE: OPERATING FUNDS | $50,000 |
Lupe Murchison Foundation Dallas, TX PURPOSE: WHEREVER IT IS NEEDED MOST. | $25,000 |
Lupe Murchison Foundation Dallas, TX PURPOSE: WHEREVER IT IS NEEDED MOST. | $25,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas & Southwestern Cattle Raisers Association Fort Worth, TX | $17,279,002 | $9,900,679 |
National Reining Horse Association Oklahoma City, OK | $11,899,947 | $11,137,373 |
National Livestock Credit Corporation Oklahoma City, OK | $150,624,686 | $7,595,565 |
Oklahoma Cattlemens Association Inc Oklahoma City, OK | $1,815,271 | $1,815,588 |
Ranching Heritage Association Lubbock, TX | $3,709,330 | $1,901,466 |
Texas Dairy Herd Improvement Assn Canyon, TX | $291,447 | $1,634,168 |
Bob L Herd Foundation Tyler, TX | $31,980,436 | $2,127,283 |
Pasadena Livestock Show & Rodeo Association Inc Pasadena, TX | $639,099 | $1,663,574 |
American Brahman Breeders Assn Bryan, TX | $2,272,535 | $1,609,526 |
Lee County Junior Livestock Show Incorporated Giddings, TX | $540,745 | $1,026,033 |
Navarro County Exposition Center Inc Corsicana, TX | $721,704 | $915,827 |
Santa Gertrudis Breeders International Kingsville, TX | $856,701 | $800,633 |