Rio Farms Incorporated

Edcouch, TX
Tax-exempt since July 1958
EIN: 74-1002714

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Type of Nonprofit

Designated as a 501(c)(5) Labor, agricultural and horticultural organizations that are educational or instructive, including unions, created for the purpose of improving conditions of work, and products of efficiency.

Donations to this organization are not tax deductible.

Revenue

$3.45M (2023)

Expenses

$3.21M (2023)

Total Assets

$66.1M (2023)

Total Liabilities

$12.7M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2023

Revenue

$3,447,320

Expenses

$3,211,454

Net Income

$235,866

Net Assets

$53,467,480

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,807,881	52.4%
Investment Income	$457,082	13.3%
Bond Proceeds	$0
Royalties	$50,097	1.5%
Rental Property Income	$1,132,260	32.8%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$150,000	4.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$393,110	12.2%

Assets/Debt
Total Assets	$66,139,561
Total Liabilities	$12,672,081
Net Assets	$53,467,480

Compensation

Key Employees and Officers	Compensation	Related	Other
Matt Klostermann (Pres/Gen Mgr)	$150,000	$0	$0
Lance Neuhaus (Chairman)	$0	$0	$0
Bob Stewart (Vice Chairman)	$0	$0	$0
Jack Harbison (Secretary)	$0	$0	$0
Barry Dickerson (Director)	$0	$0	$0
Glenn Wilde (Director)	$0	$0	$0

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990

Filed on July 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Aug.
2022

Revenue

$3,932,720

Expenses

$2,731,572

Net Income

$1,201,148

Net Assets

$53,231,614

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,698,758	43.2%
Investment Income	$377,357	9.6%
Bond Proceeds	$0
Royalties	$113,091	2.9%
Rental Property Income	$1,743,514	44.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$215,000	7.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$320,080	11.7%

Assets/Debt
Total Assets	$66,286,539
Total Liabilities	$13,054,925
Net Assets	$53,231,614

Compensation

Key Employees and Officers	Compensation	Related	Other
Matt Klostermann (Pres/Gen Mgr)	$155,000	$0	$14,300
Lance Neuhaus (Chairman)	$12,000	$0	$0
Bob Stewart (Vice Chairman)	$12,000	$0	$0
Jack Harbison (Secretary)	$12,000	$0	$0
Barry Dickerson (Director)	$12,000	$0	$0
Glenn Wilde (Director)	$12,000	$0	$0

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990

Filed on Aug. 10, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Aug.
2021

Revenue

$5,878,353

Expenses

$2,376,873

Net Income

$3,501,480

Net Assets

$52,045,066

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,442,394	58.6%
Investment Income	$551,050	9.4%
Bond Proceeds	$0
Royalties	$141,341	2.4%
Rental Property Income	$1,495,120	25.4%
Net Fundraising	$0
Sales of Assets	$248,448	4.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$215,000	9.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$404,933	17.0%

Assets/Debt
Total Assets	$64,997,102
Total Liabilities	$12,952,036
Net Assets	$52,045,066

Compensation

Key Employees and Officers	Compensation	Related	Other
Matt Klostermn (Pres/Genmgr)	$155,000	$0	$14,300
Lance Neuhaus (Chairman)	$12,000	$0	$0
Bob Stewart (Vice Chairman)	$12,000	$0	$0
Jack Harbison (Secretary)	$12,000	$0	$0
Barry Dickerso (Director)	$12,000	$0	$0
Glenn Wilde (Director)	$12,000	$0	$0

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990

Filed on July 28, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2020

Revenue

$4,114,540

Expenses

$2,601,608

Net Income

$1,512,932

Net Assets

$48,543,586

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$961,446	23.4%
Investment Income	$468,321	11.4%
Bond Proceeds	$0
Royalties	$16,121	0.4%
Rental Property Income	$888,104	21.6%
Net Fundraising	$0
Sales of Assets	$1,780,548	43.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$215,000	8.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$486,381	18.7%

Assets/Debt
Total Assets	$49,634,340
Total Liabilities	$1,090,754
Net Assets	$48,543,586

Compensation

Key Employees and Officers	Compensation	Related	Other
Matt Klostermn (Pres/Genmgr)	$155,000	$0	$14,300
Lance Neuhaus (Chairman)	$12,000	$0	$0
Bob Stewart (Vice Chairman)	$12,000	$0	$0
Jack Harbison (Secretary)	$12,000	$0	$0
Barry Dickerso (Director)	$12,000	$0	$0
Glenn Wilde (Director)	$12,000	$0	$0

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990

Filed on July 19, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Aug.
2019

Revenue

$21,245,690

Expenses

$2,920,414

Net Income

$18,325,276

Net Assets

$47,030,654

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$652,347	3.1%
Investment Income	$219,089	1.0%
Bond Proceeds	$0
Royalties	$111,239	0.5%
Rental Property Income	$1,206,349	5.7%
Net Fundraising	$0
Sales of Assets	$19,056,666	89.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$215,000	7.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$457,033	15.6%

Assets/Debt
Total Assets	$47,320,049
Total Liabilities	$289,395
Net Assets	$47,030,654

Compensation

Key Employees and Officers	Compensation	Related	Other
Matt Klostermn (Pres/Genmgr)	$155,000	$0	$14,300
Lance Neuhaus (Chairman)	$12,000	$0	$0
Bob Stewart (Vice Chairman)	$12,000	$0	$0
Jack Harbison (Secretary)	$12,000	$0	$0
Barry Dickerso (Director)	$12,000	$0	$0
Glenn Wilde (Director)	$12,000	$0	$0

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990

Filed on July 13, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2018

Revenue

$5,301,665

Expenses

$2,542,711

Net Income

$2,758,954

Net Assets

$28,705,378

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,404,336	26.5%
Investment Income	$93,184	1.8%
Bond Proceeds	$0
Royalties	$21,845	0.4%
Rental Property Income	$833,483	15.7%
Net Fundraising	$0
Sales of Assets	$2,948,817	55.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$215,000	8.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$506,846	19.9%

Assets/Debt
Total Assets	$37,079,351
Total Liabilities	$8,373,973
Net Assets	$28,705,378

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2017

Revenue

$3,959,134

Expenses

$2,047,830

Net Income

$1,911,304

Net Assets

$25,946,423

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,962,367	49.6%
Investment Income	$89,657	2.3%
Bond Proceeds	$0
Royalties	$107,596	2.7%
Rental Property Income	$700,856	17.7%
Net Fundraising	$0
Sales of Assets	$1,098,658	27.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$215,000	10.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$470,427	23.0%

Assets/Debt
Total Assets	$34,036,717
Total Liabilities	$8,090,294
Net Assets	$25,946,423

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2016

Revenue

$2,463,917

Expenses

$2,407,270

Net Income

$56,647

Net Assets

$24,035,119

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,031,305	41.9%
Investment Income	$82,531	3.3%
Bond Proceeds	$0
Royalties	$55,165	2.2%
Rental Property Income	$925,454	37.6%
Net Fundraising	$0
Sales of Assets	$369,462	15.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$310,276	12.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$398,026	16.5%

Assets/Debt
Total Assets	$32,281,193
Total Liabilities	$8,246,074
Net Assets	$24,035,119

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2015

Revenue

$3,288,992

Expenses

$2,447,580

Net Income

$841,412

Net Assets

$23,978,472

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$456,986	13.9%
Investment Income	$54,783	1.7%
Bond Proceeds	$0
Royalties	$115,552	3.5%
Rental Property Income	$1,234,928	37.5%
Net Fundraising	$0
Sales of Assets	$1,426,743	43.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$294,746	12.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$331,229	13.5%

Assets/Debt
Total Assets	$31,785,009
Total Liabilities	$7,806,537
Net Assets	$23,978,472

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2014

Revenue

$4,011,295

Expenses

$3,137,063

Net Income

$874,232

Net Assets

$23,137,060

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,679,942	41.9%
Investment Income	$36,884	0.9%
Bond Proceeds	$0
Royalties	$359,897	9.0%
Rental Property Income	$1,095,403	27.3%
Net Fundraising	$0
Sales of Assets	$839,169	20.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$177,802	5.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$581,297	18.5%

Assets/Debt
Total Assets	$31,464,996
Total Liabilities	$8,327,936
Net Assets	$23,137,060

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2013

Revenue

$3,485,866

Expenses

$2,956,715

Net Income

$529,151

Net Assets

$22,262,828

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$917,491	26.3%
Investment Income	$28,359	0.8%
Bond Proceeds	$0
Royalties	$543,037	15.6%
Rental Property Income	$926,992	26.6%
Net Fundraising	$0
Sales of Assets	$1,069,987	30.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$168,960	5.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$668,971	22.6%

Assets/Debt
Total Assets	$26,281,045
Total Liabilities	$4,018,217
Net Assets	$22,262,828

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2012

Revenue

$4,034,121

Expenses

$2,557,254

Net Income

$1,476,867

Net Assets

$21,733,677

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,451,476	36.0%
Investment Income	$23,826	0.6%
Bond Proceeds	$0
Royalties	$1,273,295	31.6%
Rental Property Income	$1,107,093	27.4%
Net Fundraising	$0
Sales of Assets	$178,431	4.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$147,415	5.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$711,114	27.8%

Assets/Debt
Total Assets	$22,003,815
Total Liabilities	$270,138
Net Assets	$21,733,677

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2011

Revenue

$3,998,053

Expenses

$2,838,130

Net Income

$1,159,923

Net Assets

$20,256,810

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,290,566	32.3%
Investment Income	$41,969	1.0%
Bond Proceeds	$0
Royalties	$654,564	16.4%
Rental Property Income	$1,503,703	37.6%
Net Fundraising	$0
Sales of Assets	$507,251	12.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$146,643	5.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$654,761	23.1%

Assets/Debt
Total Assets	$20,571,639
Total Liabilities	$314,829
Net Assets	$20,256,810

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2006

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Raw filing data. Includes EINs and summary financials as structured data.
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Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
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Updated December 20, 2024

Rio Farms Incorporated

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.45M (2023)

Expenses $3.21M (2023)

Total Assets $66.1M (2023)

Total Liabilities $12.7M (2023)

Tax Filings by Year

Fiscal Year Ending Aug. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Aug. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Aug. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Aug. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Aug. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Aug. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Aug. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Aug. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Aug. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Aug. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Aug. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Aug. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Aug. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Aug. 2010

Revenue

$3.45M (2023)

Expenses

$3.21M (2023)

Total Assets

$66.1M (2023)

Total Liabilities

$12.7M (2023)

Fiscal Year Ending Aug.
2023

Fiscal Year Ending Aug.
2022

Fiscal Year Ending Aug.
2021

Fiscal Year Ending Aug.
2020

Fiscal Year Ending Aug.
2019

Fiscal Year Ending Aug.
2018

Fiscal Year Ending Aug.
2017

Fiscal Year Ending Aug.
2016

Fiscal Year Ending Aug.
2015

Fiscal Year Ending Aug.
2014

Fiscal Year Ending Aug.
2013

Fiscal Year Ending Aug.
2012

Fiscal Year Ending Aug.
2011

Fiscal Year Ending Aug.
2010

Fiscal Year Ending Aug.
2009

Fiscal Year Ending Aug.
2008

Fiscal Year Ending Aug.
2007

Fiscal Year Ending Aug.
2006

Fiscal Year Ending Aug.
2005

Fiscal Year Ending Aug.
2004