Texas Cowboy Hall Of Fame Inc
- Assets
- $4.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 12/2003
- Data as of
- 12/2021
- EIN
- 30-0130037
Organization Overview
Texas Cowboy Hall Of Fame Inc is located in Fort Worth, TX. The organization was established in 2003. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Cowboy Hall Of Fame Inc 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 12/2021, Texas Cowboy Hall Of Fame Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $818.5k during the year ending 12/2021. While expenses have increased by 25.0% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TEXAS COWBOY HALL OF FAME WAS STARTED TO PAY HOMAGE TO THE OUTSTANDING HORSEMEN AND WOMEN IN TEXAS, WHO HAVE EXCELLED IN AND OUT OF THE ARENA. THE TEXAS COWBOY HALL OF FAME HONORS 151 TEXAS MEN AND WOMEN WHO HAVE EXCELLED IN THE SPORT OF RODEO AND CUTTING, PERFORMING, RANCHING AND RODEO SPORTS MEDICINE. THE TEXAS COWBOY HALL OF FAME PROVIDES VISITORS A GLIMPSE INTO THEIR ACCOMPLISHMENTS THROUGH THE HALL OF FAME MUSEUM. THE EXHIBITS IN THE MUSEUM HONOR TEXAS COWBOYS AND COWGIRLS WHO HAVE EXCELLED IN THEIR RODEO CAREERS. DISPLAY BOOTHS INCLUDE SADDLES, CHAPS, BELT BUCKLES, TROPHIES, AND PHOTOS THAT HIGHLIGHT THEIR CAREERS ALONG WITH OTHER MEMORABILIA. THE MUSEUM IS CURRENTLY UNDERGOING A MASSIVE RENOVATION. WHEN THE RENOVATION IS COMPLETED IT WILL ALSO HOUSE THE STERQUELL WAGON COLLECTION, AN INTERACTIVE EXHIBIT HONORING JOHN JUSTIN JR. AND JUSTIN BOOTS, AND THE 1933 CADILLAC BELONGING TO AMON G. CARTER. ATTENDANCE AT THE MUSEUM FOR THE YEAR ENDED DECEMBER 31,2022 WAS 5,563.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jo A Hickman Director | 1 | $0 | |
Pam Minick Vice Preside | 5 | $0 | |
Doug Schumacher Treasurer | 5 | $0 | |
Dave Appleton Director | 1 | $0 | |
Hub Baker Director | 1 | $0 | |
Tull Bailey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $137,054 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $146,296 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $69,245 |
| Other Income | $393,580 |
| Total Revenue | $1,134,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $130,306 |
| Pension plans, employee benefits | $21,565 |
| Interest | $42,524 |
| Taxes | $317 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $602,566 |
| Total operating and administrative expenses | $818,545 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $818,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $779,219 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | -$5,855 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $9,068 |
| Prepaid expenses and deferred charges | $38,588 |
| Net Investments - land, buildings, equipment | $4,041,713 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,333 |
| Other assets | $18,627 |
| Total assets | $4,883,693 |
| Accounts payable and accrued expenses | $17,721 |
| Grants payable | $0 |
| Deferred revenue | $19,475 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,300,000 |
| Mortgages and other notes payable | $334,548 |
| Other liabilities | $58,063 |
| Total liabilities | $1,729,807 |