2023-11-14T19:37:26-06:00 2022-12-31 341874260 CBIZ MHM LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2022-04-01 440615551 AMERICAN ROYAL ASSOCIATION INC AMER 8162219800 1701 AMERICAN ROYAL CT KANSAS CITY MO 64102 JACKIE MCCLASKEY PRESIDENT/CEO 8162219800 2023-11-14 1 JACKIE MCCLASKEY XXX-XX-XXXX 1 LISA BURKE P00220718 8169455500 2023-11-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JACKIE MCCLASKEY 1701 AMERICAN ROYAL CT KANSAS CITY MO 64102 57724963 0 X WWW.AMERICANROYAL.COM X 1899 MO TO BE THE NATION'S LEADER FOR FOOD AND AGRICULTURE EDUCATION, EVENTS, AND ENGAGEMENT. 52 52 31 500 0 0 2870588 6281133 3336969 3558413 112939 157544 679760 82677 7000256 10079767 174150 145281 0 0 1467101 1202896 0 0 203754 4591797 5244869 6233048 6593046 767208 3486721 28283023 34425376 827866 3456156 27455157 30969220 OUR MISSION IS TO BE THE NATION'S LEADER FOR FOOD AND AGRICULTURE EDUCATION, EVENTS, AND ENGAGEMENT. 0 0 5750143 145281 3589526 THE AMERICAN ROYAL ASSOCIATION ANNUALLY MANAGES AND HOSTS ONE OF THE NATION'S LARGEST AGRICULTURE EXPOSITIONS INCLUDING LIVESTOCK SHOWS, PRESTIGIOUS HORSE SHOWS, PRCA RODEO, WORLD SERIES OF BARBEQUE CONTEST, AND OTHER SPECIAL EVENTS. THESE EVENTS PROVIDE A FOCUS ON THE REGION'S INHERENT ECONOMIC AND AGRARIAN HERITAGE. THE CONTRIBUTION TO PURPOSE INCLUDES $952,381 IN PREMIUMS AND PRIZES PAID; $104,935 IN AWARDS, RIBBONS, AND TROPHIES; SCHOLARSHIPS OF $139,281; AND EDUCATION PROGRAMS AND JUDGING CONTESTS OF $129,493. OUR ANNUAL REPORT PROVIDES FULL DETAILS OF OUR PROGRAMS AND EVENTS. 5750143 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 317 0 1 31 1 0 0 0 0 0 1 1 0 0 0 0 X 52 52 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MO X TIM CARROLL 8162219800 1701 AMERICAN ROYAL COURT KANSAS CITY MO 64102 GORDON LANSFORD CHAIRMAN 1.00 0.00 X X 0 0 0 LINDSEY SMITH CORPORATE SECRETARY 1.00 0.00 X X 0 0 0 BRAD BENDLE TREASURER 1.00 0.00 X X 0 0 0 BRET BOROTA DIRECTOR 1.00 0.00 X 0 0 0 CAROL CARLSON DIRECTOR 1.00 0.00 X 0 0 0 TIM CONGROVE DIRECTOR 1.00 0.00 X 0 0 0 ANDREW FAHEY DIRECTOR 1.00 0.00 X 0 0 0 JOHN FUCHS DIRECTOR 1.00 0.00 X 0 0 0 WALT GEORGE DIRECTOR 1.00 0.00 X 0 0 0 EVAN HOWE DIRECTOR 1.00 0.00 X 0 0 0 BRIAN ILLIG DIRECTOR 1.00 0.00 X 0 0 0 CLIFF ILLIG DIRECTOR 1.00 0.00 X 0 0 0 MARK KOLKHORST DIRECTOR 1.00 0.00 X 0 0 0 ANN KONECNY DIRECTOR 1.00 0.00 X 0 0 0 JOHN LAGEMANN DIRECTOR 1.00 0.00 X 0 0 0 MISSY LOVE DIRECTOR 1.00 0.00 X 0 0 0 ALEX LOWE DIRECTOR 1.00 0.00 X 0 0 0 PAT MACY DIRECTOR 1.00 0.00 X 0 0 0 FORD MAURER DIRECTOR 1.00 0.00 X 0 0 0 JULIE MCCANN DIRECTOR 1.00 0.50 X 0 0 0 RUSS MEINHARDT DIRECTOR 1.00 0.00 X 0 0 0 JOHN MONCKE DIRECTOR 1.00 0.00 X 0 0 0 BLAKE NELSON DIRECTOR 1.00 0.00 X 0 0 0 BEN NICHOLS DIRECTOR 1.00 0.00 X 0 0 0 JEANETTE PRENGER DIRECTOR 1.00 0.00 X 0 0 0 MIKE ROOS DIRECTOR 1.00 0.00 X 0 0 0 DUKE SAND DIRECTOR 1.00 0.00 X 0 0 0 JARA SETTLES DIRECTOR 1.00 0.00 X 0 0 0 MARK STEWART DIRECTOR 1.00 0.00 X 0 0 0 DAVID STOFER DIRECTOR 1.00 0.00 X 0 0 0 SARAH TATE DIRECTOR 1.00 0.00 X 0 0 0 CHARLIE TETRICK DIRECTOR 1.00 0.50 X 0 0 0 KEN WAGNER DIRECTOR 1.00 0.00 X 0 0 0 JACK WARD DIRECTOR 1.00 0.00 X 0 0 0 RYAN WILKERSON DIRECTOR 1.00 0.00 X 0 0 0 JEFF YOWELL DIRECTOR 1.00 0.00 X 0 0 0 MALCOLM ASLIN LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 BRYAN BEAVER LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 HARRY CLEBERG LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 DAVID FOWLER LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 MARY HUNKELER LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 J MARINER KEMPER LIFETIME DIRECTOR 1.00 0.50 X 0 0 0 BRANT LAUE LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 PETE LEMKE LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 FRED LYONS LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 GREG MADAY LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 PAUL MCKIE LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 JOHN MITCHELL JR LIFETIME DIRECTOR 1.00 0.50 X 0 0 0 ROBERT PETERSEN LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 DAVID RISMILLER LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 CYNTHIA SAVAGE LIFETIME DIRECTOR 1.00 0.00 X 0 0 0 ANGIE STANLAND LIFETIME DIRECTOR 1.00 0.50 X 0 0 0 JACKIE MCCLASKEY PRESIDENT/CEO 40.00 1.00 X 201597 0 25482 201597 0 25482 1 0 1 0 KANSAS SPEEDWAY CORPORATION PO BOX 747033 ATLANTA GA 74703 FACILITY RENTAL AND CONTRACTED SERVICES 514197 BRIXTON STAFFING GROUP PO BOX 674804 DALLAS TX 75267 TEMPORARY LABOR PROVIDER FOR EVENT SET U 207578 2 171426 20192 863000 5226515 11618 6281133 ENTRY FEES 711210 1235752 1235752 OTHER SHOW REVENUES 711210 965408 965408 TICKET SALES 711210 750265 750265 AGRICULTURAL SHOW FACILITY RENTAL 711210 546684 546684 OTHER PROGRAM REVENUE 711210 60304 60304 3558413 145873 145873 47210088 47198417 11671 11671 11671 131324 171426 79760 51564 51564 398132 367019 31113 31113 10079767 3589526 0 209108 X 6000 6000 139281 139281 227079 155357 42929 28793 806928 543307 163670 99951 33702 25950 2696 5056 65994 50816 5279 9899 69193 53279 5535 10379 143031 129584 13447 36750 33295 3455 886 886 1799714 1652778 138993 7943 95982 93102 960 1920 611501 467609 125464 18428 36057 33894 2163 708887 673138 35749 35798 32039 3580 179 165891 155813 3695 6383 95738 60245 33578 1915 86012 68810 8601 8601 PREMIUMS PAID 952381 952381 ASSOCIATION FEES 146992 146992 AWARDS - RIBBONS AND TR 104935 104935 EVENT OPERATIONS 70565 66801 817 2947 153749 104737 47652 1360 6593046 5750143 639149 203754 1392151 2027473 115577 695707 5888 13364 306928 308108 17383123 4111906 9420851 13271217 16704538 17772417 337090 337090 28283023 34425376 676704 2189096 619407 151162 647653 827866 3456156 X 3148021 3249047 24307136 27720173 27455157 30969220 28283023 34425376 3486721 27342 0 X X 0 1 X 1 0 X 4489842 5604990 8101362 2870588 6281133 27347915 4489842 5604990 8101362 2870588 6281133 27347915 15856005 11491910 340927 401824 264907 512739 145873 1666270 29014185 17590786 0.39610 0.57530 X SCHEDULE A, PART II: 2022 IS A SHORT YEAR DUE TO A CHANGE OF ACCOUNTING PERIOD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 337090 X X X 0 2169050 -222946 20192 1925912 2164899 32306 28155 2169050 1580896 606165 22162 2164899 1738415 -132781 20164 4574 1580896 1706173 7733 48480 18728 5243 1738415 1.00000 0.00000 0.00000 0 1 1 4656979 4656979 1971193 1385305 585888 1343830 1343830 0 1659110 1382771 276339 7752011 7752011 13271217 X 10646887 27342 277885 446779 752006 9894881 886 184000 184886 10079767 7316824 277885 446779 724664 6592160 886 886 6593046 PART III, LINE 4: THE AMERICAN ROYAL ARTWORK COLLECTION IS COMPRISED OF VARIOUS ARTIFACTS THAT TELL THE STORY NOT ONLY OF THE ASSOCIATION'S RICH HISTORY BUT ALSO OF KANSAS CITY'S ROLE IN THE AGRICULTURE INDUSTRY, LIVESTOCK & EQUINE EVENTS, AND BBQ. THE ARTWORK IS USED AS POWERFUL VISUAL TOOL WHEN HOSTING THE VARIOUS STUDENT GROUPS AND OTHER VISITORS FROM AROUND THE COUNTRY. PART V, LINE 4: THE ORGANIZATIONS' ENDOWMENT FUNDS ARE HELD AND ADMINISTERED BY THE AMERICAN ROYAL ASSOCIATION CHARITABLE FOUNDATION TRUST FOR THE AMERICAN ROYAL ASSOCIATION, INC. THE ENDOWMENT CONSISTS OF THREE FUNDS DESIGNATED BY THE GOVERNING BODY TO FUNCTION AS ENDOWMENTS (BOARD-DESIGNATED QUASI ENDOWMENT FUNDS). THE ORGANIZATIONS HAVE ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS AND OTHER ITEMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT. THE ASSOCIATION EXPECTS TO SPEND ALL EARNINGS ON THE ENDOWMENT FUNDS ANNUALLY AND CAN SPEND 10 PERCENT OF THE PRINCIPAL OF ENDOWMENT ANNUALLY. ANY PORTION OF INVESTMENT RETURN THAT IS NOT DISTRIBUTED FOR A PARTICULAR CALENDAR YEAR WILL BE ADDED TO THE PRINCIPAL. PART X, LINE 2: THE ASSOCIATION AND FOUNDATION ARE NONPROFIT EDUCATIONAL AND CHARITABLE ORGANIZATIONS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND A SIMILAR PROVISION OF STATE LAW. THE ASSOCIATION QUALIFIES FOR THE MAXIMUM CHARITABLE CONTRIBUTION LIMITATION AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION SINCE IT HAS BEEN DETERMINED TO BE A PUBLICLY SUPPORTED ORGANIZATION, AS DESCRIBED IN 509(A)(2) OF THE CODE. THE FOUNDATION QUALIFIED FOR THE MAXIMUM CHARITABLE CONTRIBUTION LIMITATION AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION BECAUSE IT HAS BEEN DETERMINED TO BE A SUPPORTING ORGANIZATION OF THE ASSOCIATION, AS DESCRIBED IN SECTION 509(A)(3) OF THE CODE. HOWEVER, THE ASSOCIATION AND FOUNDATION ARE SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE ORGANIZATIONS DID NOT HAVE ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2022. THE ORGANIZATIONS ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NET WITH REVENUE ON FORM 990 79,760. COST OF GOODS SOLD NET WITH REVENUE ON FORM 990 367,019. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT INCOME REPORTED AS A CHANGE IN NET ASSETS IN FINANCIAL STATEMENTS 184,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NET WITH REVENUE ON FORM 990 79,760. COST OF GOODS SOLD NET WITH REVENUE ON FORM 990 367,019. ROYAL AT THE RANCH 139580 91900 47680 26432 TABLESTEAKS 85278 59336 25942 24997 3 77892 20190 57702 7750 678 5610 14293 302750 171426 131324 7750 678 5610 65722 79760 51564 1 SCHOLARSHIPS 38 139281 0 N/A N/A PART I, LINE 2: AS PART OF THE AMERICAN ROYAL ASSOCIATION'S MISSION, SCHOLARSHIPS ARE AWARDED BASED ON RESULTS OF PLACING IN SELECT SHOWS AND COMPETITIONS, WHILE SOME ARE AWARDED BASED ON SELECTION BY A COMMITTEE UPON SUBMISSION OF AN APPLICATION. FUNDS ARE DISPERSED DIRECTLY AND PAYABLE TO THE INSTITUTE OF HIGHER EDUCATION. A LETTER IS SENT WITH ALL CHECKS TO THE UNIVERSITY/COLLEGE INDICATING FUNDS ARE TO BE USED FOR FEES, INCLUDING TUITION, BOOKS, HOUSING, ETC. FOR THE DESIGNATED STUDENT WITH ANY EXCESS FUNDS TO BE RETURNED TO THE AMERICAN ROYAL ASSOCIATION. CURRENTLY, ALL SCHOLARSHIPS ARE A ONE-TIME PAYOUT AND DO NOT REQUIRE ANY FURTHER MONITORING FOR RENEWAL. X 1 1 X 0 0 0 0 0 0 0 0 0 JACKIE MCCLASKEY PRESIDENT/CEO 201597 0 0 0 0 0 18149 0 7333 0 227079 0 0 0 GORDON LANSFORD BOARD CHAIR 3850000 AMERICAN ROYAL ASSOCIATION PAID $3,850,000 TO JE DUNN CONSTRUCTION IN CONJUCTION WITH BUILDING THE ORGANIZATION'S NEW CAMPUS IN KANSAS CITY, KS. GORDON LANSFORD WAS BOARD CHAIR OF AMERICAN ROYAL ASSOCIATION AND IS CEO OF JE DUNN CONSTRUCTION, A COMPANY OWNED BY MR LANSFORD'S FAMILY, BUT NOT HIM PERSONALLY. 0 FORM 990, PART VI, SECTION A, LINE 2 SOME MEMBERS OF THE BOARD HAVE BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS FORM 990. FORM 990 IS REVIEWED BY THE ARA PRESIDENT/CEO, CONTROLLER, FINANCE AND AUDIT COMMITTEE, AND EXECUTIVE COMMITTEE OF THE BOARD. ANY QUESTIONS OR CONCERNS ARE ADDRESSED AND CORRECTIONS MADE, AS NECESSARY. THE FINAL FORM 990 WITH ALL REQUIRED SCHEDULES IS PROVIDED TO THE EXECUTIVE COMMITTEE AND MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND BOARD MEMBERS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, DISCLOSE ANY POSSIBLE CONFLICTS, AND ACKNOWLEDGE BY HIS OR HER SIGNATURE. ALL POSSIBLE CONFLICTS ARE REVIEWED AND ANY MEMBERS WITH ACTUAL OR POTENTIAL CONFLICTS ARE REQUIRED TO REFRAIN FROM VOTING ON RECOMMENDATIONS, TRANSACTIONS, OR ACTIONS AND SHALL RECUSE THEMSELVES AND LEAVE THE MEETING ROOM AT THE TIME OF A VOTE RELATED TO SUCH RECOMMENDATIONS OR TRANSACTIONS. ALL TRANSACTIONS ARE CONDUCTED AT ARM'S LENGTH. FORM 990, PART VI, SECTION B, LINE 15A THE AMERICAN ROYAL ASSOCIATION USES A COMPENSATION COMMITTEE CONSISTING OF MEMBERS OF THE GOVERNING BODY TO SET THE COMPENSATION FOR THE PRESIDENT/CEO. THE COMPENSATION COMMITTEE RELIES ON COMPENSATION INFORMATION GATHERED FROM ORGANIZATIONS OF SIMILAR SIZE AND GEOGRAPHIC LOCATION. THE DELIBERATIONS AND DECISIONS OF THE COMPENSATION COMMITTEE ARE DOCUMENTED THROUGHOUT THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE AMERICAN ROYAL ASSOCIATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 1,461,515. MANAGEMENT AND GENERAL EXPENSES 119,145. FUNDRAISING EXPENSES 7,943. TOTAL EXPENSES 1,588,603. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 191,263. MANAGEMENT AND GENERAL EXPENSES 19,848. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 211,111. FORM 990, PART XII, LINE 2C: THE FINANCE AND AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. AMERICAN ROYAL ASSOCIATION CHARITABLE FOUNDATION TRUST 1701 AMERICAN ROYAL COURT KANSAS CITY MO 64102 436457341 TO SUPPORT THE ACTIVITIES OF AMERICAN ROYAL ASSOCIATION, INC. MO 501(C)(3) LINE 12A, I AMERICAN ROYAL ASSOCIATION INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0