Form 990 for tax year 2023
Filed by NATIONAL SNAFFLE BIT ASSOCIATION FOUNDATION INC.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2023 , filed 9 December 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- $813,723 changed to $841,923
- Total expenses
- $444,788 changed to $472,988
- Contributions and grants received
- $779,441 changed to $807,641
- Fundraising expenses
- $0 changed to $28,200
Totals
- Total revenue
- $813,723
- Total expenses
- $444,788
- Contributions and grants received
- $779,441
- Grants paid
- $72,376
- Program service revenue
- $0
- Investment income
- $62,583
- Other revenue
- -$28,301
- Total assets, end of year
- $1,419,044
- Total liabilities, end of year
- $7,908
- Net assets or fund balances, end of year
- $1,411,136
- Program services expenses (Part IX)
- $444,638
- Management and general expenses
- $150
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $444,638
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$82,064
-
1f · All other contributions, gifts and grants
$697,377
-
3 · Investment income
total $37,103 · excluded $37,103
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $3,543,556
-
7b · Less cost or other basis and sales expenses
securities $3,518,076
-
7c · Gain or loss
securities $25,480
-
7d · Net gain or loss
total $25,480 · excluded $25,480
-
8a · Fundraising events: gross income
$11,055
-
8a · Fundraising events: contributions included on line 1c
$82,064
-
8b · Fundraising events: direct expenses
$39,356
-
8c · Net income from fundraising events
total -$28,301 · excluded -$28,301
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $72,376 · program services $72,376
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $15,000 · program services $15,000
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $3,996 · program services $3,996
-
11c · Fees: accounting
total $19,160 · program services $19,160
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $150 · management and general $150
-
11g · Fees: other
total $72,928 · program services $72,928
-
12 · Advertising and promotion
total $500 · program services $500
-
13 · Office expenses
total $75,385 · program services $75,385
-
14 · Information technology
total $7,453 · program services $7,453
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $122,555 · program services $122,555
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $938 · program services $938
-
24a · Other expenses: SPONSORSHIPS
total $30,250 · program services $30,250
-
24b · Other expenses: SHOWS
total $18,268 · program services $18,268
-
24c · Other expenses: FEES
total $5,829 · program services $5,829
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $1,190,431
-
2 · Savings and temporary cash investments
beginning of year $499,756 · end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $25,000
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $2,500
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $40,581 · end of year $201,113
-
12 · Investments: other securities
beginning of year $488,843 · end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $35,161 · end of year $0
-
17 · Accounts payable and accrued expenses
end of year $2,000
-
25 · Other liabilities
end of year $5,908
-
27 · Net assets without donor restrictions
beginning of year $362,091 · end of year $495,829
-
28 · Net assets with donor restrictions
beginning of year $702,250 · end of year $915,307
Mission and programs · 2023
Mission
FOUNDED IN 2009, THE FOUNDATION IS A CHARITABLE AND EDUCATIONAL ORGANIZATION DEDICATED TO SUPPORTING THE EQUINE COMMUNITY.
Activities or mission (Part I)
The mission of the National Snaffle Bit Association Foundation, Inc. is to enhance the well-being of the show horse community through various charitable programs that benefit horse people, horses and the relationships they create.
-
Tomorrows Horsemen educational a two year program to educate and assist emerging equine professionals so they can create a sustainable business
Expenses $205,876 · Grants $29,675
-
Equestrians with Disabilities inclusion and fostering national sports competition for riders with all abilities
Expenses $152,432 · Grants $35,000
-
Coaches Summit - educational a program for all therapeutic riding instructors that want to start an equestrians with disabilities program or want to learn how to better their current programs.
Expenses $86,330 · Grants $7,701
As filed on the 2023 return.
Listed in Part VII
-
Stephanie LynnSTEPHANIE LYNN
Executive Dir.
- Total calculated
- $165,000
- From this org
- $0
- From related orgs
- $165,000
- Other
- $0
- Hours/week
- 2.5 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $165,000 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $165,000 related
-
Beth HartmanBETH HARTMAN
CHAIR
- Total calculated
- $0
- Hours/week
- 0.2
-
Ryan CottingimRYAN COTTINGIM
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 0.2
-
Lance BrysonLANCE BRYSON
Treasurer
- Total calculated
- $0
- Hours/week
- 0.2
-
Barbara CrawfordBARBARA CRAWFORD
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Nancy DittyNANCY DITTY
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Jennifer LeavengoodJENNIFER LEAVENGOOD
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Bob KennedyBOB KENNEDY
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Robin SowellROBIN SOWELL
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Devon MartinDEVON MARTIN
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
John HalpinJOHN HALPIN
Director
- Total calculated
- $0
- Hours/week
- 0.2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NATIONAL SNAFFLE BIT ASSOCIATION INC
501(C)(5) · PROMOTE EXHIBITS, EVENTS TRAINING AND IN · GA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403239349300840
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