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Florida High School Rodeo Association Incorporated

EIN 59-2452598 · Lake Placid, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak42 out of 100GovernanceWeak48 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROMOTE RODEO AND ENCOURAGE HIGH SCHOOL CHILDREN TO PARTICIPATE

Income
$333,456
Spending
$337,296
Spent on programs
100%
Reserves
0.5 months of spending
Largest source of income
fees for its services, 100%
Employees
0

Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 42 out of 100.

  • Reserves

    4 of 35

    Spendable reserves would cover 0.5 months of spending.

  • Debt

    5 of 20

    It owes 66% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 1% of income.

  • Income trend

    10 of 15

    Income fell 0% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs.

Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 48 out of 100.

  • Independent board

    25 of 25

    16 of 16 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $243,825 spent. RODEO EVENT EXPENSES CONSIST OF AMOUNTS PAID TO HOST THE RODEO AND TRAVEL EXPENSES TO SEND CONTESTANTS TO THE NATIONAL HIGH SCHOOL RODEO FINALS.
  2. $82,806 spent. AWARDS-WEEKEND AVERGE WINNER BUCKLES GIVEN AT EACH RODEO TO REWARD PARTICIPANTS FOR THEIR ACCOMPLISHMENTS AT EACH RODEO. AWARDS ARE GIVEN AT THE STATE FINALS BANQUET. THE TOP 15 POINT RECIPIENTS IN EACH EVENT QUALIFY FOR THE STATE FINALS. NUMEROUS PRIZES AND AWARDS ARE GIVEN INCLUDING A TROPHY SADDLE FOR EACH EVENT WINNER AS WELL AS A BUCKLE FOR EACH QUALIFIER.
  3. $10,665 spent. SCHOLARSHIPS ARE AWARDED TO PARTICIPANTS TO ENCOURAGE CONTINUATION OF THEIR EDUCATION AND PARTICIPATION IN THE SPORT OF RODEO AT THE COLLEGE LEVEL. ALL GRADUATING SENIORS PLANNING TO ATTEND COLLEGE OR TRADE SCHOOL ARE ELIGABLE TO APPLY. THE APPLICATION PROCESS REQUIRES THE COMPLETION OF A SCHOLARSHIP APPLICATION FOLLOWED BY AN INTERVIEW BEFORE A PANEL OF DISTINGUISHED JUDGES.

Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending August 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1983.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.