Ladies Into Purchasing Stock Inc

Overview

Ladies Into Purchasing Stock Inc is a nonprofit organization dedicated to supporting Texas youth through educational, agricultural, and artistic initiatives. Founded in 1992, the group is primarily associated with the Houston Livestock Show & Rodeo as a ladies buying group.

Mission

The organization's mission is to raise funds for scholarships and educational programs benefiting Texas youth. Through various fundraising events, they aim to make every child feel like a grand champion winner by providing financial support to enhance their educational and extracurricular experiences.

Activities and Fundraising

Ladies Into Purchasing Stock Inc organizes several fundraising events annually. Key events include:

• Annual Auction Event: Held in January, this is the largest event, featuring live and silent auctions, games, and competitions.
• Annual Crawfish Boil: Takes place in April, offering live auctions, homemade dessert auctions, and raffles.
• Raffle Campaigns: Raffle tickets are sold throughout the year, with prizes drawn at the Crawfish Boil event.
• Cornhole Tournament: Conducted in September, this event combines fundraising with community engagement.

These activities allow the organization to accumulate significant funds, which are primarily donated to the Houston Livestock Show & Rodeo to support youth-focused initiatives. In recent years, they have granted substantial sums to this cause.

Financials

As a 501(c)(3) entity, Ladies Into Purchasing Stock Inc operates with transparency, filing tax returns annually. The organization relies heavily on net fundraising income, which accounts for the majority of its revenues. In the fiscal year ending June 2023, they raised $171,429 from fundraising activities. The group also has no executive compensation, professional fundraising fees, or other salaries, maximizing the impact of donations on their mission.

Impact

Over its thirty years of operation, Ladies Into Purchasing Stock Inc has raised over $3 million to support Texas youth. This dedication aligns with the Houston Livestock Show & Rodeo's goals, making them one of the top buying groups involved with this event. Their efforts contribute to enhancing the educational, agricultural, and artistic pursuits of young Texans.

Governance

Key positions in the organization include a president, treasurer, and secretary. Notably, all officers are unpaid, reflecting the organization's commitment to dedicating resources directly to its mission rather than administrative costs.