Los Fresnos Rodeo Committee Inc
- Assets
- $560.1k
- Revenue
- $542.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Fresnos, TX
- Founding
- 02/2019
- Data as of
- 03/2022
- EIN
- 74-2594936
Organization Overview
Los Fresnos Rodeo Committee Inc is located in Los Fresnos, TX. The organization was established in 2019. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Fresnos Rodeo Committee 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 03/2022, Los Fresnos Rodeo Committee Inc generated $542.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $415.7k during the year ending 03/2022. While expenses have increased by 4.1% 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
AN ANNUAL RODEO IS HELD FOR THE BENEFIT OF THE RIO GRANDE VALLEY AND THE LOS FRESNOS, TEXAS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN ANNUAL RODEO IS HELD FOR THE BENEFIT OF THE RIO GRANDE VALLEY AND THE LOS FRESNOS, TEXAS COMMUNITY. INCLUDED IN LOS FRESNOS RODEO COMMITTEE'S ENDEAVOURS ARE PROVIDING SCHOLARSHIPS TO HIGH SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Macomb Treasurer | Officer | 25 | $0 |
Mike Todd Chairman | Officer | 25 | $0 |
George Gomez Vice Chairman | Officer | 25 | $0 |
Dwight Chaffin Secretary | Officer | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,970 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,970 |
| Total Program Service Revenue | $339,016 |
| Investment income | $136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,449 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,384 |
| Office expenses | $856 |
| Information technology | $4,755 |
| Royalties | $0 |
| Occupancy | $10,158 |
| Travel | $0 |
| 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 | $2,782 |
| Insurance | $7,009 |
| All other expenses | $56,379 |
| Total functional expenses | $415,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,862 |
| Savings and temporary cash investments | $53,925 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $238,285 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $560,072 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $560,072 |
| Total liabilities and net assets/fund balances | $560,072 |
Grants Awarded
Over the last fiscal year, Los Fresnos Rodeo Committee Inc has awarded $37,449 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LIONS CLUB PURPOSE: Local charitable services | $23,600 |
SCHOOL SCHOLARSHIPS PURPOSE: Educational scholarships | $13,849 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Los Fresnos Rodeo Committee Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Raul Tijerina Jr Foundation Kingwood, TX PURPOSE: GRANT | $5,000 |
Raul Tijerina Jr Foundation Kingwood, TX PURPOSE: GRANT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Polo Club Houston, TX | $639,620 | $2,717,907 |
Oklahoma Quarter Horse Racing Association Inc Edmond, OK | $3,393,007 | $2,258,601 |
West Texas Cutting Horse Association Amarillo, TX | $317,039 | $987,985 |
Oklahoma Quarter Horse Association Inc Oklahoma City, OK | $788,287 | $878,265 |
Texas Senior Pro Rodeo Assoc Inc Gatesville, TX | $32,489 | $804,765 |
Houston Dressage Society Inc Spring, TX | $252,483 | $611,801 |
New Mexico Horsemens Association Albuquerque, NM | $18,197,774 | $46,287 |
Will Rogers Range Riders Amarillo, TX | $3,718,415 | $564,661 |
Xit Rodeo And Reunion Inc Dalhart, TX | $366,132 | $462,089 |
Los Fresnos Rodeo Committee Inc Los Fresnos, TX | $560,072 | $542,122 |
Texas Youth Rodeo Association Caldwell, TX | $57,821 | $386,806 |
Lone Star High School Rodeo Assn Inc Kemp, TX | $65,536 | $437,370 |