Better Business Bureau Report for
Houston Livestock Show and Rodeo

Better Business Bureau Report issued January 2012
Better Business Bureau Report expires January 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Houston Livestock Show and Rodeo
Address: 8334 Fannin Street
  Houston, TX 77054
Phone: 832-667-1000
Web Address: www.rodeohouston.com
Also known as:RodeoHouston
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Better Business Bureau Comments

Year, State Incorporated: 1932, Texas
Affiliates: None
Stated Purpose: The Houston Livestock Show and Rodeo™ was organized for charitable, educational and scientific purposes to encourage and promote the breeding, raising and marketing of better livestock and farm products at public fairs and to promote and maintain research and educational functions within the livestock industry. It is the general policy of the Show to utilize, in the fiscal year subsequent to which it is earned, the excess of its revenue over expenses for the furtherance of its exempt purpose, including the granting and/or funding of scholarships, educational endowments, agricultural research projects and other similar programs and the funding of related capital additions and improvements. The funds of the Houston Livestock Show and Rodeo are used exclusively to meet necessary expenses for its upkeep and operation and in furtherance of the exempt purpose of the organization.

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Evaluation Conclusions

               

Houston Livestock Show and Rodeo meets the 20 Standards for Charity Accountability.
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Programs

               

To fulfill its mission of encouraging and promoting the breeding, raising and marketing of better livestock and farm products, the organization hosts a Rodeo Show that both supports the livestock industry and encourages Texas youth to take advantage of the great opportunities the livestock industry offers. There are open show breed competitions, junior livestock shows for Texas youth to participate in and junior contests such as judging contests, agricultural mechanics, and tractor technicians. The Show has educational exhibits and attractions where visitors can learn about different aspects of agriculture and livestock. Visitors can end their day with a real western rodeo in the stadium followed by musical entertainment. In 2011, Houston Livestock Show and Rodeo entertained 2,262,834 visitors fro general attendance (for all activities on the grounds). In 2011, 562 students received over $9 million in scholarships for use at Texas colleges and universities.Each year, nearly 330,000 students are impacted by the Show’s competitions, scholarships and exhibits. More than $5 million in premiums and awards were paid to junior show exhibitors participating in the 2011 Show.

For the fiscal year ended August 31, 2011, Houston Livestock Show and Rodeo's program expenses were:

  
Livestock show and rodeo operations 63,571,131
Scholarships awarded 9,066,000
Contributions to junior show exhibitors 5,048,165
Educational programs, research programs and other 1,953,157
RITE reading program 1,108,509
Total Program Expenses: $80,746,962
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Governance

               

Chief Executive : Irven E. Wagner ("Skip"), President/Chief Executive Officer
Compensation*:
 $779,724

Chair of the Board: R.H. Stevens Jr.
Chair's Profession / Business Affiliation: Stevens and Matthews, LLP, Managing Partner

Board Size: 15

Paid Staff Size: 93

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

invitations to fund raising events, print advertisements, volunteer - person to person
Fund raising costs were 17% of related contributions. (Related contributions, which totaled $33,994,034, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               


Source of Funds  
Program revenues 68,953,634
Donations and contributions 30,644,034
Net investment income on investment securities 14,238,019
Membership fees 3,350,000
Other income 560,601
Other interest income 27,722
Pesnion-related changes other than net periodic cost -355,665
Interest expense -416,493
Total Income $117,001,852


chart



Uses of Funds as a % of Total Expenses

Programs: 87%  Fund Raising: 6%  Administrative: 7% 

Total income   $117,001,852
  Program expenses $80,746,962
  Fund raising expenses 5,849,966
  Administrative expenses 6,511,798
 
Total expenses   $93,108,726
Income in Excess of Expenses   23,893,126
Beginning net assets   139,079,412
Ending net assets   162,972,538
Total liabilities   51,321,631
Total assets   $214,294,169


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Complaints

               

When considering complaint information, please take into account the business's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

BBB processed a total of 1 complaint(s) about this business in the last 36 months, our standard reporting period. Of the total 1 complaint(s) closed in the last 36 months, 1 was closed in the last 12 months.

These complaints concerned:

1   regarding Service Issues

 

These complaints were closed as:

1   Resolved
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