Houston Livestock Show & Rodeo Inc
- Assets
- $373.6m
- Revenue
- $77.6m
- Investments
- $20.7m
- Employees
- 1,121
- Location
- Houston, TX
- Founding
- 11/1977
- Data as of
- 08/2020
- EIN
- 74-1142851
Organization Overview
Houston Livestock Show & Rodeo Inc is located in Houston, TX. The organization was established in 1977. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 08/2021, Houston Livestock Show & Rodeo Inc employed 1,121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Livestock Show & Rodeo 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 08/2020, Houston Livestock Show & Rodeo Inc generated $77.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $92.4m during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
- THE HOUSTON LIVESTOCK SHOW AND RODEO HOSTED A PRIVATE JUNIOR LIVESTOCK SHOW AND HORSE SHOW COMPETITION IN 2021. - THIS YEAR'S LIVESTOCK SHOW AND HORSE SHOW COMPETITIONS DREW 24,000 ENTRIES. - JUNIOR AUCTION SALES TOTALED $12,620,978. - THE JUNIOR COMMERCIAL STEER SALE TOTALED $778,388 (LIVE AUCTION OF CHOICE STEERS). - THE HOUSTON LIVESTOCK SHOW AND RODEO CHAMPION WINE AUCTION BROUGHT IN $2,355,727. - THE RANCHING AND WILDLIFE AUCTION TOTALED $322,535. - CALF SCRAMBLE AND JUDGING CONTEST WINNERS RECEIVED 275 CERTIFICATES, EACH WORTH $2,250, TO APPLY TOWARD THE PURCHASE OF A REGISTERED BEEF HEIFER OR STEER TO EXHIBIT AT THE 2022 HOUSTON LIVESTOCK SHOW. CERTIFICATE PREMIUMS TOTALED $618,750. - THE HOUSTON LIVESTOCK SHOW AND RODEO CONTRIBUTED MORE THAN $22 MILLION IN 2021 THROUGH EDUCATIONAL COMMITMENTS. - $14,186,000 IN SCHOLARSHIPS TO BE AWARDED THIS SUMMER - $5,048,250 FOR JUNIOR SHOW EXHIBITORS AND CALF SCRAMBLE PARTICIPANTS - $2,418,610 IN EDUCATIONAL PROGRAM GRANTS - $472,390 IN GRADUATE ASSISTANTSHIPS MORE THAN 35,000 VOLUNTEERS ON MORE THAN 108 DIFFERENT COMMITTEES DONATED THEIR TIME AND TALENT TO THE SHOW, REDUCING EXPENSES AND ASSISTING IN THE ABOVE LISTED PROGRAM ACCOMPLISHMENTS.
HOUSTON LIVESTOCK SHOW AND RODEO MAKES GRANTS TO THE AFFILIATED ORGANIZATION HOUSTON LIVESTOCK SHOW & RODEO EDUCATIONAL FUND (EIN: 76-0260204) IN SUPPORT OF APPROXIMATELY $16.7 MILLION IN SCHOLARSHIPS AND EDUCATIONAL GRANTS AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Cowley Former President | 0 | $535,291 | |
Chris Boleman President | Officer | 50 | $368,906 |
Andy Sloan Chief Info Off (through 3/2021 | 50 | $354,618 | |
Jennifer Hazelton Chief Financial Officer | Officer | 50 | $341,842 |
Sherry Hibbert General Counsel | Officer | 50 | $324,391 |
David Brady Chief Entmt. & Cust. Exp. Off. | 50 | $322,460 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Getz Transport Solutions Llc Transportation Srvcs | 8/30/21 | $2,463,072 |
Contemporary Services Corporation Crowd Management | 8/30/21 | $988,171 |
Aramark Facility Services Cleaning Services | 8/30/21 | $953,998 |
Ray Canmack Shows Inc Carnival Services | 8/30/21 | $1,888,953 |
Ld Systems Inc Audio/video Services | 8/30/21 | $4,917,541 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,674,371 |
| Investment income | $2,675,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$184,507 |
| Net Gain/Loss on Asset Sales | $3,054,985 |
| Net Income from Fundraising Events | -$120,458 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$222,226 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,585,862 |
| Statement of Expenses | |
|---|---|
| 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. | $2,482,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,970,410 |
| Pension plan accruals and contributions | $1,836,934 |
| Other employee benefits | $2,123,906 |
| Payroll taxes | $1,033,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $525,039 |
| Fees for services: Accounting | $134,681 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $187,789 |
| Fees for services: Other | $19,316,201 |
| Advertising and promotion | $3,406,101 |
| Office expenses | $1,499,887 |
| Information technology | $1,654,744 |
| Royalties | $0 |
| Occupancy | $896,812 |
| Travel | $137,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,227 |
| Interest | $3,343,712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,650,622 |
| Insurance | $1,225,779 |
| All other expenses | $0 |
| Total functional expenses | $92,359,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,851,762 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $605,469 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,015,851 |
| Inventories for sale or use | $685,865 |
| Prepaid expenses and deferred charges | $3,356,191 |
| Investments—publicly traded securities | $124,834,402 |
| Investments—other securities | $20,692,227 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,475,000 |
| Total assets | $373,631,947 |
| Accounts payable and accrued expenses | $13,437,420 |
| Grants payable | $0 |
| Deferred revenue | $34,438,256 |
| 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 | $59,648,238 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,671,628 |
| Total liabilities | $130,195,542 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $243,436,405 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Houston Livestock Show & Rodeo Inc has recieved totaling $26,681.
| Awarding Organization | Amount |
|---|---|
Donald E Mcmahon Foundation Houston, TX | | $17,781 |
The Powell Foundation Houston, TX PURPOSE: DESIGNATED GRANT: GENERAL OPERATING AND SUPPORT | $8,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Livestock Show & Rodeo Inc Houston, TX | $373,631,947 | $77,585,862 |
State Fair Of Texas Dallas, TX | $104,850,223 | $80,726,809 |
San Antonio Livestock Exposition Inc San Antonio, TX | $39,007,333 | $12,434,499 |
Houston Livestock Show And Rodeo Educational Fund Houston, TX | $117,451,664 | $14,021,217 |
Earth Day Texas Inc Dallas, TX | $1,234,061 | $10,432,701 |
Bell County Expo Inc Belton, TX | $3,987,483 | $11,578,565 |
Albuquerque International Balloon Fiesta Inc Albuquerque, NM | $13,518,280 | $13,246,865 |
Gentilly Carnival Club Jefferson, LA | $3,366,886 | $4,740,044 |
Expo Center Of Taylor County Abilene, TX | $1,469,726 | $5,612,899 |
Arkansas Livestock Show Assoc Little Rock, AR | $4,870,203 | $5,931,539 |
Fairfield Village Community Inc Houston, TX | $4,878,144 | $5,460,075 |
International Association Of Venue Managers Inc Coppell, TX | $4,566,324 | $3,596,917 |