Overview
What is Louisiana Rodeo Cowboys Association Inc?
Louisiana Rodeo Cowboys Association Inc, based in Benton, Louisiana, is a nonprofit organization that plays a significant role in promoting the sport of rodeo. Situated at 1232 Old Plain Dealing Road, this association offers a sanctioning program and hosts a regional finals rodeo event within Louisiana, catering to over 7,500 spectators annually. Furthermore, the association provides a platform for at least 600 members to participate in amateur rodeo competitions. The primary mission of Louisiana Rodeo Cowboys Association Inc is to foster the growth and appreciation of rodeo sports within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. The Louisiana Rodeo Cowboys Association Inc has received a Two-Star out of Four Star rating, with an overall score of 71%. This rating indicates that while the organization has strengths, there are significant areas needing attention, particularly in financial transparency and governance practices.
One of the organization's notable strengths is its commitment to financial management, evidenced by a program expense ratio of 96.75%, indicating that a high percentage of its expenses directly support its mission. Additionally, the board is fully independent, which is a positive sign for accountability. However, the lack of financial statements and the absence of critical policies, such as a whistleblower policy and a document retention policy, raise concerns about its governance and operational transparency.
Overall, while the Louisiana Rodeo Cowboys Association Inc exhibits strong programmatic spending and an independent board, its rating reflects weaknesses in financial reporting and governance policies. Addressing these deficiencies could improve its rating and enhance trust and support from stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Louisiana Rodeo Cowboys Association Inc legitimate?
Louisiana Rodeo Cowboys Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisiana Rodeo Cowboys Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,450
For more financial information, click here
What is the mission statement of Louisiana Rodeo Cowboys Association Inc?
The Louisiana Rodeo Cowboys Association Inc, in its mission, focuses on promoting the sport of rodeo. This is achieved by offering an amateur rodeo program. Through this program, the organization provides a platform for individuals to showcase their skills, fostering the growth of the sport. The association also hosts regional finals rodeo events, offering entertainment to a large audience. Furthermore, the Louisiana Rodeo Cowboys Association Inc provides opportunities for approximately 600 members to participate in these amateur rodeo events, contributing to the popularity and enjoyment of the sport.
Who is the CEO of Louisiana Rodeo Cowboys Association Inc?
Rance Gantt is the President of Louisiana Rodeo Cowboys Association Inc.
What is the revenue of Louisiana Rodeo Cowboys Association Inc?
Louisiana Rodeo Cowboys Association Inc's revenue in 2022 was $635,930.
Who are the executives of Louisiana Rodeo Cowboys Association Inc and what are their salaries?
There 75 volunteers at Louisiana Rodeo Cowboys Association Inc.
Here are 16 key members and their salaries:
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Where can I find the form 990 for Louisiana Rodeo Cowboys Association Inc?
Louisiana Rodeo Cowboys Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Louisiana Rodeo Cowboys Association Inc
Louisiana Rodeo Cowboys Association, Inc. is committed to promoting the sport of rodeo. They achieve this mission by offering a sanctioning program and hosting a regional finals rodeo event within the state of Louisiana. This initiative not only provides entertainment for a large audience, attracting over 7,500 spectators, but also offers an opportunity for approximately 600 members to participate in an amateur rodeo. By doing so, the Louisiana Rodeo Cowboys Association, Inc. contributes to the continued growth and popularity of rodeo as a sport, engaging both spectators and participants in its traditional events and competitions.
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Impact
July, 2024
The Louisiana Rodeo Cowboys Association Inc has a significant impact on the promotion and development of the sport of rodeo in the state of Louisiana. By providing an amateur rodeo program and sanctioning events, this organization not only entertains over 7,500 spectators but also gives at least 600 members the opportunity to compete in amateur rodeo competitions. Their regional finals rodeo event brings together participants and fans alike to celebrate this beloved American pastime. Through their efforts, the Louisiana Rodeo Cowboys Association Inc plays a crucial role in keeping the spirit of rodeo alive and thriving in the local community.
This information is meant to be a general summary of Louisiana Rodeo Cowboys Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $512,772
- Gross Receipts: $635,930
Assets and Liabilities:
- Total Assets: $41,872
- Total Liabilities: $0
- Net Assets: $41,872
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rodeo Revenue
Revenue
$512,772
Organization Details
Founding Year
2014
Phone
(318) 617-8991Principal Officer
Rance Gantt
Main Address
1232 Old Plain Dealing Road, Benton, LA, 71006
NTEE Category
Code: N69 - Recreation
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