2025-10-06T10:51:12-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2024-01-01 840473034 COLORADO SPRINGS RODEO ASSOCIATION COLO 7195788200 1045 LOWER GOLD CAMP ROAD COLORADO SPRINGS CO 80906 RICHARD POWELL TREASURER 7195788200 2025-10-03 1 1 SARAH HINTZ P00492291 7196350330 2025-10-03 2024 2025-03-06 01:10:19Z PIKES PEAK OR BUST RODEO KEVIN KAVENEY 1045 LOWER GOLD CAMP ROAD COLORADO SPRINGS CO 80906 2592542 0 X HTTPS://WWW.PIKESPEAKORBUST.ORG/ X 1967 CO PROTECT AND MAINTAIN THE HERITAGE AND TRADITION OF RODEO AND WESTERN WAY OF LIFE. 14 14 0 495 0 0 0 595000 2591354 1985877 1058 778 0 333 2592412 2581988 0 1098000 0 0 0 0 0 0 0 2615770 1487844 2615770 2585844 -23358 -3856 46828 42972 0 0 46828 42972 X PROTECT AND MAINTAIN THE HERITAGE AND TRADITION OF RODEO AND WESTERN WAY OF LIFE. 0 0 2573815 1098000 1983915 THE PIKES PEAK OR BUST RODEO IS THE SECOND OLDEST EVENT IN OUR COMMUNITY AND WAS STARTED IN 1937. IN 2022 THE RODEO HOSTED THE FIRST PRESTIGIOUS NFR OPEN. THIS ANNUAL EVENT IS HELD IN JULY AND FEATURES CONTESTANTS FROM EACH OF THE 12 U.S. AND CANADIAN CIRCUITS, PLUS MEXICAN NATIONAL CHAMPIONS, BRINGING MORE THAN 200 CONTESTANTS TO THE NORRIS PENROSE EVENT CENTER. THE RODEO HOSTS OVER 49.1K VISITORS, WITH 30% FROM OUTSIDE THE AREA AND 70% WHO ARE LOCAL. THE NFR OPEN AT THE PIKES PEAK OR BUST RODEO IS IN THE TOP 97% NATIONWIDE AS AN ATTRACTION AND IN THE TOP 96% IN THE STATE OF COLORADO.CONTINUED ON SCHEDULE OTHE RODEO FAN ZONE IS PACKED WITH ACTIVITIES FOR ALL AGES, INCLUDING PONY RIDES, A PETTING ZOO, FACE PAINTING, GOAT ROPING, MUTTON BUSTIN', OLD WEST GUNFIGHTERS, AND A BEER & WINE CORRAL. VENDOR BOOTHS OFFER A WIDE ARRAY OF UNIQUE GOODS FROM HATS AND AUTHENTIC WESTERN WEAR TO TOYS AND SOUVENIRS, WITH CONCESSIONS PROVIDING PLENTY OF OPTIONS FOR MEALS, SNACKS, AND DRINKS. THE RODEO ALSO FEATURES THE GIRL OF THE WEST, A RODEO AMBASSADOR, WHO HELPS PROMOTE "THE WESTERN WAY OF LIFE AND THE WESTERN-TYPE AMERICAN GIRL" AT OUR RODEO AND OTHER EVENTS.THE RODEO IS LED BY AN ALL-VOLUNTEER BOARD OF DIRECTORS AND IS SUPPORTED BY OVER 495 VOLUNTEERS WHO ALL DEDICATE AN IMPRESSIVE AMOUNT OF TIME AND ENERGY TO MAKE THIS EVENT SUCCESSFUL EACH YEAR. THIS EVENT IS ABOUT HISTORY, ABOUT THE FUTURE OF THE FAST-GROWING SPORT OF PROFESSIONAL RODEO, AND ABOUT SHOWING APPRECIATION TO THOSE SERVICE MEN AND WOMEN WHO PROTECT OUR NATION. THE PIKES PEAK OR BUST RODEO HAS BEEN GIVING BACK TO OUR LOCAL MILITARY AND THEIR FAMILIES SINCE 1946, DONATING OVER $1 MILLION OVER THE PAST DECADE. THE SUPPORT INCLUDES CONTRIBUTIONS TO A WIDE VARIETY OF PROGRAMS SUCH AS FOOD BASKETS AT THE HOLIDAYS, EMERGENCY TRAVEL AND SHELTER RESOURCES, PROGRAMS FOR FAMILIES OF DEPLOYED SERVICE MEMBERS, AND TICKETS TO ATTEND THE RODEO. 2573815 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 178 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 1 1 1 1 0 0 0 1 1 0 0 0 0 0 0 X RICHARD POWELL 7195788200 1045 LOWER GOLD CAMP ROAD COLORADO SPRINGS CO 80906 X KEVIN KAVENEY PRESIDENT 1.00 X X 0 0 0 LAURIE CARROLL VICE PRESIDENT 1.00 X X 0 0 0 RICK POWELL TREASURER 1.00 X X 0 0 0 SHAUN GUILFOIL SECRETARY 1.00 X X 0 0 0 RON FITCH DIRECTOR 1.00 X 0 0 0 DEANNE FUNKHOUSER DIRECTOR 1.00 X 0 0 0 CHRIS HERMAN DIRECTOR 1.00 X 0 0 0 GREG HOWARD DIRECTOR 1.00 X 0 0 0 AMY OCHS DIRECTOR 1.00 X 0 0 0 NICOLE SCHNAPP DIRECTOR 1.00 X 0 0 0 SCOTT STUART DIRECTOR 1.00 X 0 0 0 KEN THOMAS DIRECTOR 1.00 X 0 0 0 MARK REYNER DIRECTOR 1.00 X 0 0 0 CHRIS WHITNEY DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 125000 470000 595000 PIKES PEAK OR BUST ROD 711210 1985877 1985877 1985877 778 778 8592 10554 -1962 -1962 MISCELLANEOUS REVENUE 900099 2295 2295 2295 2581988 1983915 0 3073 98000 98000 1000000 1000000 215963 215963 341632 341632 27077 22187 4890 284758 284758 51533 51533 6155 6155 16391 15407 984 RODEO EXPENSES 378557 378557 FOOD & HOSPITALITY 165778 165778 2585844 2573815 12029 0 5085 17609 36049 25363 5694 46828 42972 0 0 X 0 0 0 0 46828 42972 46828 42972 46828 42972 -3856 0 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 PIKES PEAK OR BUST RODEO FOUNDATION 10 LAKE CIRCLE COLORADO SPRINGS CO 80906 841589318 501(C)(3) 98000 0 N/A N/A TO SUPPORT LOCAL MILITARY FAMILIES. 1 0 RODEO PRIZES 216 1000000 0 N/A N/A PART I, LINE 2: ALL GRANTS ARE AWARDED TO THE PIKES PEAK OR BUST RODEO FOUNDATION, WHICH INDEPENDENTLY ADMINISTERS THE FUNDS IN SUPPORT OF ITS MISSION TO ASSIST LOCAL MILITARY FAMILIES. THE ORGANIZATION DOES NOT IMPOSE RESTRICTIONS ON THE USE OF THE GRANTS, TRUSTING THE FOUNDATION TO ALLOCATE RESOURCES IN ALIGNMENT WITH ITS CHARITABLE OBJECTIVES. FORM 990, PART VI, SECTION A, LINE 1A TWO COMMITTEES WERE CREATED THAT CAN MAKE DECISIONS WITHOUT REQUIRING APPROVAL FROM THE FULL BOARD: THE EXECUTIVE COMMITTEE IS COMPOSED OF TWO OR MORE DIRECTORS AND HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. THIS COMMITTEE CAN EXERCISE SUCH AUTHORITY OF THE BOARD AS PROVIDED IN THE RESOLUTION THAT ESTABLISHES THE COMMITTEE, EXCEPT AS OTHERWISE REQUIRED BY LAW. THE SCOPE OF THE EXECUTIVE COMMITTEE'S AUTHORITY INCLUDES HANDLING URGENT MATTERS THAT ARISE BETWEEN REGULAR BOARD MEETINGS AND MAKING DECISIONS ON BEHALF OF THE FULL BOARD WITHIN THE SCOPE DEFINED BY THE RESOLUTION. THE FINANCE COMMITTEE IS CHARGED WITH OVERSIGHT OF THE FINANCIAL AFFAIRS OF THE CORPORATION, INCLUDING THE DEVELOPMENT OF THE ANNUAL BUDGET, REVIEW OF PERIODIC FINANCIAL STATEMENTS, OVERSIGHT OF THE CORPORATION'S INVESTMENTS, AND REPORTING OF THE FINANCIAL AFFAIRS TO THE BOARD. THE COMMITTEE IS COMPOSED OF FIVE MEMBERS, AT LEAST THREE OF WHOM ARE DIRECTORS OF THE BOARD, INCLUDING THE TREASURER. NO MORE THAN TWO MEMBERS MAY BE NON-BOARD MEMBERS, AND ONE MEMBER SHALL BE FROM THE FOUNDATION BOARD. THE FINANCE COMMITTEE HAS THE AUTHORITY TO OVERSEE FINANCIAL MATTERS AND MAKE DECISIONS RELATED TO THE FINANCIAL MANAGEMENT OF THE CORPORATION, WITHIN THE SCOPE DEFINED BY THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A THE PIKES PEAK OR BUST RODEO FOUNDATION ("FOUNDATION") BOARD OF DIRECTORS IS ENTITLED TO APPOINT ONE MEMBER OF ITS BOARD TO SERVE ON THE ORGANIZATION'S BOARD OF DIRECTORS FOR A TERM OF ONE YEAR. THE APPOINTED PERSON MAY SERVE UP TO SIX CONSECUTIVE TERMS AS THE FOUNDATION'S APPOINTEE. AFTER SERVING SIX CONSECUTIVE TERMS, THE APPOINTEE IS NOT ELIGIBLE FOR REAPPOINTMENT BY THE FOUNDATION FOR TWO YEARS, UNLESS THE BOARD WAIVES THIS LIMITATION. ADDITIONALLY, THE ORGANIZATION'S NOMINATING COMMITTEE IS RESPONSIBLE FOR MAKING RECOMMENDATIONS FOR PROSPECTIVE DIRECTORS, FINANCE COMMITTEE MEMBERS, AND KEY POSITIONS SUCH AS THE PRESIDENT AND VICE PRESIDENT OF THE CORPORATION. THE COMMITTEE IS COMPOSED OF SIX MEMBERS, THREE OF WHOM ARE DIRECTORS AND THREE APPOINTED BY THE FOUNDATION. THE SLATE OF CANDIDATES RECOMMENDED BY THE NOMINATING COMMITTEE IS SUBJECT TO APPROVAL BY THE FOUNDATION. IF THE FOUNDATION DOES NOT APPROVE A PERSON NAMED BY THE NOMINATING COMMITTEE, THAT PERSON'S NAME IS STRICKEN FROM THE REPORT, AND THEY BECOME INELIGIBLE FOR ELECTION OR APPOINTMENT. IF THIS DISAPPROVAL RESULTS IN FEWER CANDIDATES THAN VACANCIES, THE FOUNDATION WILL NAME A REPLACEMENT. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE BYLAWS ARE SUBJECT TO APPROVAL BY THE PIKES PEAK OR BUST RODEO FOUNDATION FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD THOROUGHLY REVIEWS THE TAX RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE DOCUMENTS, INCLUDING FORM 990, ARE AVAILABLE UPON REQUEST IN ACCORDANCE WITH IRS REGULATIONS.