Houston Livestock Show & Rodeo, Inc.
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Houston Livestock Show & Rodeo, Inc. meets the 20 Standards for Charity Accountability.
Stated Purpose:
Year, State Incorporated:
1932, TX
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 2019, Houston Livestock Show and Rodeo entertained a record 2.5 million visitors
for general attendance (for all activities on the grounds).
Currently, more than 2,300 students are on Show scholarships, attending more than 80 different Texas colleges and universities. The value of
these scholarships is approximately $50 million.
The Houston Livestock Show and Rodeo™ 2019 Highlights:
$100.7 million contributed to the production of the livestock show and
rodeo
$8.4 million awarded to junior exhibitors
$14.7 million in new scholarships awarded to Texas youth
$4.6 million granted to other educational programs.
For the year ended August 31, 2023, Houston Livestock Show & Rodeo, Inc.'s program expenses were:
| Livestock show and rodeo Operations | $110,779,225 |
| Scholarships awarded | $14,372,400 |
| Contributions to junior show exhibitors | $9,507,878 |
| Grants awarded | $2,950,250 |
| Scholarships and Grants Operations | $219,237 |
| Total Program Expenses | $137,828,990 |
Chief Executive
Chris Boleman, President/CEO
Chair of the Board
Brady Carruth
Chair's Profession / Business Affiliation
Gulf Coast Capital Corporation
Board Size
15
Method(s) Used:
Grant proposals
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.
The following information is based on Houston Livestock Show & Rodeo, Inc.'s audited financial statements - combined for the year ended August 31, 2023.
Source of Funds
| Program revenues | $132,863,125 |
| Contributions of cash and other financial assets | $54,102,168 |
| Membership fees | $5,506,403 |
| Other income | $4,404,369 |
| Contributions of nonfinancial assets | $3,646,908 |
| Total Income | $200,522,973 |
Programs: 79% Fundraising: 8% Administrative: 13%
| Total Income | $200,522,973 |
| Total expenses: | $173,581,524 |
| Program expenses | $137,828,990 |
| Fundraising expenses | $13,288,337 |
| Administrative expenses | $22,464,197 |
| Other expenses | $0 |
| Income in Excess of Expenses | $26,941,449 |
| Beginning Net Assets | $329,063,411 |
| Other Changes In Net Assets | $17,779,093 |
| Ending Net Assets | $373,783,953 |
| Total Liabilities | $142,623,071 |
| Total Assets | $516,407,025 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Report completed by:
BBB of Greater Houston and South Texas