PROFESSIONAL RODEO COWBOYS ASSOCIATION INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- PROFESSIONAL RODEO COWBOYS ASSOCIATION INC (EIN 84-0414922)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-10-14
- IRS object ID
- 201232889349300703
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-10-14T19:28:04-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840414922 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROFESSIONAL RODEO COWBOYS ASSOCIATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PROF | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 PRO RODEO DRIVE | AddressLine1 |
| City | COLORADO SPRINGS | City |
| State | CO | State |
| ZIP Code | 80919 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOSEPH SHAFER | Name |
| Title | CFOTREASURER | Title |
| Phone | 7195938840 | Phone |
| Date Signed | 2012-10-14 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KARL STRESSMAN | NameOfPrincipalOfficerPerson |
| Gross Receipts | 11313324 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.prorodeo.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1954 | YearFormation |
| State Legal Domicile | CO | StateLegalDomicile |
| Activity Or Mission Description | THE PROFESSIONAL RODEO COWBOYS ASSOCIATION WAS CREATED TO PROMOTE AND ORGANIZE PROFESSIONAL RODEO COMPETITION AND TO SERVE THE NEEDS OF ITS MEMBERSHIP | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 100 | TotalNbrEmployees |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1395728 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1361246 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 8913195 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 8613779 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 6495 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4443 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1352485 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1333856 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 11667903 | TotalRevenuePriorYear |
| Total Revenue Current Year | 11313324 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 100000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 700000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3026344 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2852982 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8736436 | OtherExpensePriorYear |
| Other Expenses Current Year | 8694410 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 11862780 | TotalExpensesPriorYear |
| Total Expenses Current Year | 12247392 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -194877 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -934068 | RevenuesLessExpensesCY |
| Total Assets BOY | 15088080 | TotalAssetsBOY |
| Total Assets EOY | 14372931 | TotalAssetsEOY |
| Total Liabilities BOY | 2381146 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2600065 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 12706934 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 11772866 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE PROFESSIONAL RODEO COWBOYS ASSOCIATION WAS CREATED TO PROMOTE AND ORGANIZE PROFESSIONAL RODEO COMPETITION AND TO SERVE THE NEEDS OF ITS MEMBERSHIP | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 6757929 | Expense |
| Description | THE ORGANIZATION PROVIDES SEVERAL SERVICES TO ITS MEMBERS REGISTERING THE CONTESTANT MEMBERS IN RODEO EVENTS PROVIDING A FAIR AND IMPARTIAL INTERPRETATION OF THE MEMBERSHIP RULE BOOK AND ENFORCING INFRACTIONS FACILITATING THE ELECTION OF THE BOARD OF DIRECTORS AND RODEO EVENT REPRESENTATIVES AND THE PROPER RECORDING AND TIMELY NOTIFICATION OF MEMBERSHIP PRIZE MONEY STANDINGS IN ORDER TO VALIDATE PARTICIPATION IN REGIONAL AND NATIONAL CHAMPIONSHIPS | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1957889 | Expense |
| Revenue | 1090100 | Revenue |
| Description | THE ORGANIZATION PROVIDES A CERTIFIED JUDGING PROGRAM FOR ITS MEMBER JUDGES THESE MEMBER JUDGES OFFICIATE ALL PROFESSIONAL RODEO COWBOYS ASSOCIATION SANCTIONED RODEOS EXPENSES FOR THE JUDGING PROGRAM INCLUDE SALARIES CONTRACT LABOR TRAVEL AND L ODGING | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1760000 | Expense |
| Description | THE ORGANIZATION PROVIDES DIRECT FUNDING TO PROGRAMS THAT PROMOTE THE SPORT OF PROFESSIONAL RODEO ANIMAL WELFARE THE RODEO CIRCUIT SYSTEM AND THE AMERICAN WESTERN WAY OF LIFE | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 10475818 | TotalProgramServiceExpense |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 142 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 100 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | true | LocalChapters |
| Policies Reference Chapters | true | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JOSEPH SHAFER | NamePerson |
| Telephone Number | 7195938840 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 PRO RODEO DRIVE | AddressLine1 |
| City | COLORADO SPRINGS | City |
| State | CO | State |
| ZIP Code | 80919 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| BENJE BENDELE | ||||||||
| DIRECTOR | 10.00 | X | 0 | 0 | 0 | |||
| BRET TONOZZI | ||||||||
| DIRECTOR | 10.00 | X | 0 | 0 | 0 | |||
| FRANKLIN BURNS | ||||||||
| DIRECTOR | 10.00 | X | 0 | 0 | 0 | |||
| FRED BOETTCHER | ||||||||
| DIRECTOR | 10.00 | X | 0 | 0 | 0 | |||
| JOHN BARNES | ||||||||
| DIRECTOR | 10.00 | X | 0 | 0 | 0 | |||
| KEITH MARTIN | ||||||||
| CHAIRMAN | 15.00 | X | 0 | 0 | 0 | |||
| RED LEMMEL | ||||||||
| DIRECTOR | 10.00 | X | 0 | 0 | 0 | |||
| SPUD DUVALL | ||||||||
| VICE CHAIRMAN | 15.00 | X | 0 | 0 | 0 | |||
| TROY WEEKLEY | ||||||||
| DIRECTOR | 10.00 | X | 0 | 0 | 0 | |||
| JOSEPH SHAFER | ||||||||
| CFOTREASURER | 40.00 | 112130 | 11164 | X | ||||
| KARL STRESSMAN | ||||||||
| COMMISSIONERCEO | 40.00 | 51975 | 275133 | 10454 | X | |||
| KAY BLEAKLY | ||||||||
| CHIEF OPERATING OFFICER | 40.00 | 119441 | 5342 | X | ||||
| AARON ENGET | ||||||||
| DIRECTOR RODEO ADMINISTRATION | 40.00 | 107861 | 16352 | X | ||||
| DAN MARTINEZ | ||||||||
| VP INFORMATION SYSTEMS | 40.00 | 120628 | 16352 | X | ||||
| JOHN DAVIS | ||||||||
| DIRECTOR MEMBER RELATIONS | 40.00 | 108528 | 16352 | X | ||||
| MICHELE WARNER | ||||||||
| DIRECTOR HUMAN RESOURCES | 40.00 | 94585 | 16352 | X | ||||
| MATTHEW BARNETT | ||||||||
| DEPUTY COMMISSIONER | 40.00 | 9600 | 40370 | 2747 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 724748 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 315503 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 95115 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SPECIALTY PROGRAM INSURORS | |||||
| SHAWNEE MISSION PKWY | MISSION | KS | 66205 | INSURANCE | 1625093 |
| WESTERN SPECIALTY INSURORS | |||||
| WARM SPGS RD | PLEASANT HILL | MO | 64080 | INSURANCE | 459467 |
| AETNA | |||||
| PO BOX 804735 | CHICAGO | IL | 60680 | INSURANCE HEALTH | 342176 |
| STOCKMAN KAST RYAN and CO | |||||
| 102 N CASCADE | COLORADO SPRINGS | CO | 80903 | ACCOUNTING SERVICE | 172142 |
| KEVIN PARKER | |||||
| 2729 UINTAH ST | DENVER | CO | 80238 | SOFTWARE DESIGN | 146750 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 14 | NumberOfContractorsGT100K |
| Membership Dues | 1361246 | MembershipDues |
| Total Contributions | 1361246 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| NATL FINALS RODEO | 900099 | 1000000 | 1000000 |
| FINES & FEES | 900099 | 2696566 | 2696566 |
| APPROVALS & PRIZE MONEY | 900099 | 1667157 | 1667157 |
| JUDGING | 900099 | 1090100 | 1090100 |
| INSURANCE | 900099 | 1937360 | 1937360 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 222596 | TotalRevenueColumn |
| Related Or Exempt Function Income | 222596 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 8613779 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4443 | TotalRevenueColumn |
| Exclusion | $4,443 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1333856 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1333856 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11313324 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9947635 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $4,443 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 700000 | Total |
| Program Services | 700000 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 724748 | Total |
| Program Services | 579798 | ProgramServices |
| Management And General | 144950 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1903553 | Total |
| Program Services | 1522842 | ProgramServices |
| Management And General | 380711 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 224681 | Total |
| Program Services | 179745 | ProgramServices |
| Management And General | 44936 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 118431 | Total |
| Management And General | 118431 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 172142 | Total |
| Management And General | 172142 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 134126 | Total |
| Program Services | 134126 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 518814 | Total |
| Program Services | 518814 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 391230 | Total |
| Program Services | 254300 | ProgramServices |
| Management And General | 136930 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103320 | Total |
| Program Services | 103320 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 136432 | Total |
| Program Services | 88680 | ProgramServices |
| Management And General | 47752 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 427622 | Total |
| Program Services | 384860 | ProgramServices |
| Management And General | 42762 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75539 | Total |
| Program Services | 75539 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1696 | Total |
| Program Services | 1696 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 950170 | Total |
| Program Services | 617570 | ProgramServices |
| Management And General | 332600 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2335731 | Total |
| Program Services | 1985371 | ProgramServices |
| Management And General | 350360 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| NATL FINALS RODEO | 480543 | 480543 |
| JUDGING | 1957889 | 1957889 |
| EVENT REPRESENTATIVES | 180000 | 180000 |
| PRORODEO TOUR RAM NATL CIR | 421981 | 421981 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 288744 | Total |
| Program Services | 288744 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12247392 | Total |
| Program Services | 10475818 | ProgramServices |
| Management And General | 1771574 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 700 | BOY |
| EOY | 200 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1109925 | BOY |
| EOY | 744207 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2105948 | BOY |
| EOY | 2401609 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 137461 | BOY |
| EOY | 139864 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 10638896 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4327971 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6879689 | BOY |
| EOY | 6310925 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31800 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4822557 | BOY |
| EOY | 4776126 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15088080 | BOY |
| EOY | 14372931 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 397706 | BOY |
| EOY | 444498 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1311961 | BOY |
| EOY | 1288350 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 671479 | BOY |
| EOY | 867217 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2381146 | BOY |
| EOY | 2600065 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12706934 | BOY |
| EOY | 11772866 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12706934 | BOY |
| EOY | 11772866 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15088080 | BOY |
| EOY | 14372931 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -934068 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 92418 | OtherCostOrOtherBasis |
| Book Value | 92418 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1361935 | OtherCostOrOtherBasis |
| Depreciation | 636861 | Depreciation |
| Book Value | 725074 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9184543 | OtherCostOrOtherBasis |
| Depreciation | 3691110 | Depreciation |
| Book Value | 5493433 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 6310925 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (5 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| INVESTMENT IN AFFILIATED COMPA | 890095 |
| RECEIVABLE FROM POCATELLO IDAH | 20000 |
| INTERCOMPANY RECEIVABLE | 3450961 |
| ROYALTIES RECEIVABLE | 409980 |
| EMPLOYEE MERCHANDISE RECEIVABL | 5090 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 4776126 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| RODEO CIRCUIT FEES PAYABLE | $22,785 |
| COLLECTION FEES PAYABLE | $245,973 |
| PAYROLL LIABILITIES | $194,125 |
| PROPERTY TAXES & ACCOUNTING FE | $83,589 |
| OTHER ACCRUED LIABILITIES | $320,745 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 867217 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Footnote for uncertain tax position under FIN 48 Part X | Identifier |
| Explanation | THE PROFESSIONAL RODEO COWBOYS ASSOCIATION ACCOUNTS FOR ANY UNCERTAINTY IN INCOME TAXES BY RECOGNIZING THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION THE ASSOCIATION BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRORODEO HALL OF FAME & MUSEUM | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 PRO RODEO DRIVE | AddressLine1 |
| City | Colorado Springs | City |
| State | CO | State |
| ZIP Code | 80919 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 840755735 | EINOfRecipient |
| IRC Section | 501 C 3 | IRCSection |
| Amount Of Cash Grant | 100000 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 600000 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | DEBT FORGIVE | DescriptionOfNonCashAssistance |
| Purpose Of Grant | OPERATIONS | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Monitoring procedures (Part I, line 2) | Identifier |
| Explanation | FINANCIAL RECORDS ARE MAINTAINED DETAILING THE ORGANIZATION, THE AMOUNT AND THE PERIOD RECEIVED OF GRANTS AND ASSISTANCE. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KARL STRESSMAN | |||||||||||||
| 51975 | 275133 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10454 | 51975 | 285587 | 0 | 0 |
| MATTHEW BARNETT | |||||||||||||
| 9600 | 40370 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2747 | 9600 | 43117 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 01. Members or stockholder classes and rights (Part VI, line 6) | THE PROFESSIONAL RODEO COWBOYS ASSOCIATION IS A 501C6 MEMBERSHIP ORGANIZATION |
| 02. Member election for additional members (Part VI, line 7a) | THE EXECUTIVE COUNCILS MADE UP OF ACTIVE MEMBERS OF THE ASSOCIATION ELECT THE BOARD OF DIRECTORS |
| 03. Form 990 governing body review (Part VI, line 11) | FORM 990 IS PREPARED BY THE CHIEF FINANCIAL OFFICER AND REVIEWED WITH THE CEOCOMMISSIONER AND THE CHAIRMAN OF THE BOARD PRIOR TO BEING FILED BY THE CHIEF FINANCIAL OFFICER |
| 04. Conflict of interest policy compliance (Part VI, line 12c) | THE ORGANIZATION SPECIFIES IN ITS EMPLOYEE MANUAL THE REQUIREMENT FOR FULL DISCLOSURE OF ANY POTENTIAL CONFLICT OF INTEREST BOTH PRIOR TO ACCEPTING EMPLOYMENT AND AT ANY TIME THEREAFTER A CONFLICT MAY ARISE THE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST PRIOR TO ACCEPTING A POSITION ON THE BOARD AND AT ANY TIME THEREAFTER A CONFLICT MAY ARISE |
| 05. CEO, executive director, top management comp (Part VI, line 15a) | A BOARD APPOINTED COMPENSATION COMMITTEE WOULD REVIEW COMPARABLE COMPENSATION PACKAGES AND CONSULT WITH INDEPENDENT PERSONS PRIOR TO MAKING AN OFFER TO THE CEOCOMMISSIONER |
| 06. Other officer or key employee compensation (Part VI, line 15b | THE BUDGET COMMITTEE REVIEWS AND APPROVES ALL SALARY INFORMATION FOR THE ENTIRE ORGANIZATION AS PART OF THE ORGANIZATIONS ANNUAL BUDGETING PROCESS |
| 07. Governing documents, etc, available to public (Part VI, line 19) | Upon request |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRORODEO HALL OF FAME & MUSEUM | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 PRO RODEO DRIVE | AddressLine1 |
| City | Colorado Springs | City |
| State | CO | State |
| ZIP Code | 80919 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840755735 | EIN |
| Primary Activities | MUSEUM | PrimaryActivities |
| Legal Domicile State | CO | LegalDomicileState |
| Exempt Code Section | 501C3 | ExemptCodeSection |
| Public Charity Status | I | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NO | BusinessNameLine1 |
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PRCA PROPERTIES INC | |||||||||||
| 101 PRO RODEO DRIVE | COLORADO SPRINGS | CO | 80919 | 840692637 | SPONSORSHIPS & MARKETING | CO | PROFESSIONAL RODEO COWBOYS | C Corp | -324224 | 1643954 | 1.0000 |
| PRO RODEO BULL RIDING INC | |||||||||||
| 101 PRO RODEO DRIVE | COLORADO SPRINGS | CO | 80919 | 710928064 | RODEO BULL RIDING EVENTS | CO | PROPESSIONAL RODEO COWBOYS | C Corp | 223671 | 1.0000 | |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| PRORODEO HALL OF FAME & MUSEUM | ||
| b | 100000 | FMV |
| PRCA PROPERTIES INC | ||
| n | 240000 | FMV |
| PRCA PROPERTIES INC | ||
| d | 682000 | FMV |
| PRORODEO HALL OF FAME & MUSEUM | ||
| b | 600000 | FMV-DEBT FORGIVENESS |