Overview
What is National Little Britches Rodeo Association?
The National Little Britches Rodeo Association, located in Colorado Springs, Colorado, is a nonprofit organization with a team of five dedicated individuals. Their primary activities revolve around awarding college scholarships to winners of their annual finals rodeo in Guthrie, Oklahoma. Beyond this, they also actively promote rodeos and offer the opportunity to open franchises. Their mission extends to serving their members, ensuring their needs are met and their involvement in rodeo activities is fostered.
Official website here: www.nlbra.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The National Little Britches Rodeo Association has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization boasts a strong independent board with 100% independent members, it has significant shortcomings in transparency, particularly regarding financial statements and the absence of key policies such as conflict of interest and whistleblower protections.
On a positive note, the organization demonstrates effective management of its assets, with a low liabilities-to-assets ratio and a high program expense ratio, reflecting that a substantial portion of its funding is directed toward its programs. However, the lack of publicly available financial documents and oversight policies raises concerns about its financial governance and accountability to stakeholders.
Overall, while the National Little Britches Rodeo Association shows potential through its strong program focus and independent board structure, it must address its transparency issues and implement essential organizational policies to enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is National Little Britches Rodeo Association legitimate?
National Little Britches Rodeo Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Little Britches Rodeo Association 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: $96,551
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,779
For more financial information, click here
Official website here: www.nlbra.com
What is the mission statement of National Little Britches Rodeo Association?
The National Little Britches Rodeo Association's primary mission is to award college scholarships to winners of its annual finals rodeo, which takes place in Guthrie, Oklahoma. Beyond this, the association also actively promotes rodeos and has the option to open franchises. A significant part of their mission is to serve their members, providing support and resources as needed. During its operations, the association has awarded scholarships, promoted rodeos, expanded through franchises, and served its membership base.
Official website here: www.nlbra.com
Who is the CEO of National Little Britches Rodeo Association?
Galen Shumaker is the President of National Little Britches Rodeo Association.
Official website here: www.nlbra.com
What is the revenue of National Little Britches Rodeo Association?
National Little Britches Rodeo Association's revenue in 2022 was $2,682,773.
Official website here: www.nlbra.com
Who are the executives of National Little Britches Rodeo Association and what are their salaries?
The average compensation at National Little Britches Rodeo Association during 2022 was $36,666. There are 5 employees and 50 volunteers at National Little Britches Rodeo Association.
Here are 22 key members and their salaries:
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Official website here: www.nlbra.com
Where can I find the form 990 for National Little Britches Rodeo Association?
National Little Britches Rodeo Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nlbra.com
Learn more at the official website: www.nlbra.com
Mission Statement of National Little Britches Rodeo Association
The National Little Britches Rodeo Association, a distinguished organization, is committed to several key objectives. Primarily, it awards college scholarships to winners of its annual Finals Rodeo, which takes place in Guthrie, Oklahoma. Beyond this, the association also actively promotes rodeos and offers the opportunity to open franchises. Furthermore, it prioritizes serving its members, ensuring their needs are met and their experiences are enhanced. Through its various initiatives, the National Little Britches Rodeo Association aims to make a significant impact in the lives of its participants, providing them with opportunities for higher education and fostering a passion for rodeos.
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Impact
July, 2024
The National Little Britches Rodeo Association's impact lies in awarding college scholarships to winners in the annual Finals Rodeo in Guthrie, Oklahoma. They also play a role in promoting rodeos, opening franchises, and serving their members. Through these efforts, they contribute to the development and recognition of rodeo talent while supporting the educational pursuits of young participants.
This information is meant to be a general summary of National Little Britches Rodeo Association. 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.
- Investment Income: $31,860
- Program Service Revenue: $2,592,452
- Gross Receipts: $2,774,048
Assets and Liabilities:
- Total Assets: $2,690,575
- Total Liabilities: $771,646
- Net Assets: $1,918,929
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FRANCHISE FEE REVENUE
Revenue
$473,198
FINALS REVENUE
Revenue
$1,798,619
MEMBERSHIP DUES
Revenue
$314,872
ROYALTY PAGEANT PROGRAM
Revenue
$5,763
Organization Details
Founding Year
1960
Phone
(719) 389-0333Principal Officer
Galen Shumaker
Main Address
5050 Edison Ave Suite STE 105, Colorado Springs, CO, 80915
Website
www.nlbra.comNTEE Category
Code: A23Z - Arts
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