Nebraska High School Rodeo Association
Below is a list of the Nebraska High School Rodeo Association funds along with a description of what each fund is used for.
The purpose of the Endowment Fund is to sustain on a long term basis the NeHSRA and to promote education for the youth in rodeo. This is a long lasting account with only the interest used to support our youth through education and awards. Donors are kept permanently within the records of the association. Contributions to this fund are greatly appreciated. If you would like to preserve our Western Heritage for High School Students, your gift, or memorial, will be appreciated forever. Contributions may be sent to: The Nebraska High School Rodeo Endowment Fund, 514 Pete's Drive, Newman Grove, NE 68758.
Your membership fees are deposited into this account along any miscellaneous income that does not have a designated area. The expenses paid from this account include the secretary's wages, postage, any copies that need made for meetings, state finals, etc., printer ink, non-profit organization liability insurance, donations, reimbursement for travel, and other miscellaneous expenses. $1.00 of the $3.50 that is paid back to the Association on each entry fee, goes into this account.
These funds are used to pay out the scholarships that the state association awards. The major source of income is from the raffle sales that the members sell in the fall. The amount of money to be put into a yearly CD for the senior class is voted on by the Board of Directors.
All money received from our state sponsors is deposited to this account. Also, of the $3.50 that goes back to the state from each entry fee at every qualifying rodeo, $2.00 goes to this fund. The awards given at state finals are funded by this account.
Turn-out fines and $.50 of the $3.50 entry fee fund this account. Funds from this account assist the students with whatever activities they choose for state finals (renting of basketball courts for tournament, DJ for dance, etc).
This account is strictly used for the annual raffle ticket sales. Only money from the sale of raffle tickets is deposited into this account. This account pays for whatever prizes are awarded for winning the raffle, entry fee money that the student earns for selling above and beyond the required amount, funds the senior scholarship account and pays for the National Qualifiers travel money, which is decided on and voted by the board of directors every year. This account also is used to pay awards for State Finals if there are not enough funds in the Sponsor/Award Fund to cover all award costs.
Central Entry Fund
This fund is held by the Central Entry Secretary. It is funded strictly by the members entry fees. $1.00 of each entry fee of the $3.50 that goes back to the state goes to this account to pay the Central Entry Secretary. The breakdown of the $20.00 entry fee is as follows: $15.50 gets paid back to the host rodeo committee, $2.00 to the Sponsor/Award Fund, $1.00 to the General Fund, $.50 to the Student Fund and $1.00 to the Central Entry.