Overview
What is Elgin Stampeders Association Inc?
Elgin Stampeders Association Inc is a nonprofit organization located in Elgin, Oregon. Their primary mission is to raise funds to support the operation of a professional rodeo in their local community and county. By meeting the requirements of the Professional Rodeo Cowboys Association (PRCA), they contribute to the enhancement of small businesses in the region and boost tourism. The association's ultimate goal is to provide a high-quality rodeo event that generates revenue for the community and attracts visitors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star rating)
The Elgin Stampeders Association Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization has a solid score in certain areas, particularly in board independence and financial liabilities, suggesting strong governance practices with a fully independent board. However, the lack of financial statements and various missing policies indicate significant areas for improvement in transparency and operational practices.
Strengths of the organization include a high program expense ratio of 87.76%, which suggests that a large portion of its resources is directed toward its programs. Additionally, the absence of material diversion of assets reflects well on the integrity of its financial management. Despite these positives, the absence of key documentation, such as conflict of interest and whistleblower policies, raises concerns about the organization's accountability.
Limitations highlighted in the data include the missing financial statements and the lack of publicly available documentation regarding board meeting minutes and other governance policies. This lack of transparency could hinder donor trust and support. Overall, while the Elgin Stampeders Association shows promise through its program efficiency and governance structure, addressing these transparency gaps will be crucial for boosting its overall rating and public confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Elgin Stampeders Association Inc legitimate?
Elgin Stampeders Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elgin Stampeders 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Elgin Stampeders Association Inc?
The Elgin Stampeders Association Inc aims to deliver a high-quality professional rodeo within its local community and county. This objective serves dual purposes, generating revenue for the community and boosting tourism. Through fundraising efforts, the association financially supports the operation of the local rodeo, ensuring it meets the requirements set by the PRCA. The association's rodeo events provide economic benefits to small businesses within the area.
What is the revenue of Elgin Stampeders Association Inc?
Elgin Stampeders Association Inc's revenue in 2023 was $549,311.
Who are the executives of Elgin Stampeders Association Inc and what are their salaries?
There 150 volunteers at Elgin Stampeders Association Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Elgin Stampeders Association Inc?
Elgin Stampeders Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Elgin Stampeders Association Inc
The Elgin Stampeders Association, a renowned organization, aims to deliver a top-notch professional rodeo experience within the local community and surrounding county. This mission serves dual purposes, generating revenue for the community and boosting tourism. By orchestrating fundraising events, the Elgin Stampeders financially support the operation of this local rodeo, ensuring it meets the stringent requirements set by the PRCA. This commitment to a high-quality event not only entertains locals but also contributes to the financial growth of small businesses in the area.
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Impact
July, 2024
Elgin Stampeders Association Inc's impact is significant in the community and county of Elgin, Oregon. By organizing and hosting professional-quality rodeo events, they not only provide entertainment but also contribute to the local economy. The revenue generated from these events benefits the community by supporting small businesses and increasing tourism in the area. Additionally, their fundraising efforts help finance the operations of the rodeo, ensuring its continuation and success. Overall, the Elgin Stampeders Association Inc plays a vital role in promoting recreation, community engagement, and economic growth in Elgin and its surrounding areas.
This information is meant to be a general summary of Elgin Stampeders 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 2023.
- Investment Income: $1,341
- Program Service Revenue: $514,741
- Gross Receipts: $627,680
Assets and Liabilities:
- Total Assets: $600,589
- Total Liabilities: $0
- Net Assets: $600,589
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCESSIONS
Revenue
$60,591
GENERAL ADMISSION
Revenue
$121,785
RODEO SPONSORS
Revenue
$332,365
Organization Details
Founding Year
1956
Principal Officer
Randy Burgess
NTEE Category
Code: N52 - Recreation
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