Form 990 for tax year 2023
Filed by NATIONAL SNAFFLE BIT ASSOCIATION 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This return was superseded by a later amendment.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 10 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
- $7,496,096 changed to $7,467,896
- Total expenses
- $7,165,142 changed to $7,136,942
- Contributions and grants received
- $33,261 changed to $5,061
Totals
- Total revenue
- $7,496,096
- Total expenses
- $7,165,142
- Contributions and grants received
- $33,261
- Grants paid
- $0
- Program service revenue
- $6,992,336
- Investment income
- $148,283
- Other revenue
- $322,216
- Total assets, end of year
- $6,238,278
- Total liabilities, end of year
- $2,505,386
- Net assets or fund balances, end of year
- $3,732,892
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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
$5,061
-
1f · All other contributions, gifts and grants
$28,200
-
1g · Noncash contributions included above
$28,200
-
2a · Program service revenue: MAGAZINES
total $593,721 · related or exempt $161,970 · unrelated business $431,751
-
2b · Program service revenue: MEMBERSHIP DUES
total $613,851 · related or exempt $613,851
-
2c · Program service revenue: REGISTRATION INCOME
total $174,439 · related or exempt $174,439
-
2d · Program service revenue: SHOWS
total $4,244,611 · related or exempt $4,244,611
-
2e · Program service revenue: YEARLING SALES
total $1,365,714 · related or exempt $1,365,714
-
3 · Investment income
total $148,283 · excluded $148,283
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $33,140
-
6b · Less rental expenses
real property $10,500
-
6c · Rental income or loss
real property $22,640
-
6d · Net rental income or loss
total $22,640 · excluded $22,640
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: contributions included on line 1c
$5,061
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$41,714
-
10c · Net income from sales of inventory
total $41,714 · related or exempt $41,714
-
11a · Other revenue: CREDIT CARD SURCHARGES
total $210,236 · related or exempt $210,236
-
11b · Other revenue: OTHER REVENUES
total $47,626 · related or exempt $47,626
-
11e · Other revenue, total
$257,862
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
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 $165,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $830,991
-
8 · Pension plan contributions
total $25,480
-
9 · Other employee benefits
total $76,016
-
10 · Payroll taxes
total $77,239
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $4,636
-
11c · Fees: accounting
total $8,040
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $434
-
11g · Fees: other
total $166,408
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $53,063
-
14 · Information technology
total $43,754
-
15 · Royalties
total $0
-
16 · Occupancy
total $13,678
-
17 · Travel
total $402,129
-
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 $81,171
-
23 · Insurance
total $20,745
-
24a · Other expenses: PAYOUTS
total $1,579,933
-
24b · Other expenses: YEARLING PURCHASES
total $1,183,050
-
24c · Other expenses: ARENA RENTAL
total $585,110
-
24d · Other expenses: AWARDS AND GIFTS
total $385,867
-
24e · All other expenses
total $1,462,398
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,094,558 · end of year $2,352,902
-
2 · Savings and temporary cash investments
beginning of year $536,848 · end of year $1,857,394
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $11,056 · end of year $63,371
-
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
beginning of year $71,133 · end of year $13,290
-
10a · Land, buildings and equipment: cost or other basis
$1,879,933
-
10b · Land, buildings and equipment: accumulated depreciation
$454,358
-
10c · Land, buildings and equipment, net
beginning of year $1,175,884 · end of year $1,425,575
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $1,974,511 · end of year $491,522
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $34,224
-
17 · Accounts payable and accrued expenses
beginning of year $321,704 · end of year $664,962
-
19 · Deferred revenue
beginning of year $1,863,583 · end of year $1,840,424
-
25 · Other liabilities
beginning of year $276,547
-
27 · Net assets without donor restrictions
beginning of year $3,402,156 · end of year $3,732,892
Mission and programs · 2023
Mission
The mission of the National Snaffle Bit Association, Inc. is to grow the show horse community through various equine program and events where every activity benefits horses, breeders, owners and exhibitors alike.
-
NSBA World Championship Show - NSBAs capstone event that promotes and celebrates NSBA members and their achievements, drives membership and participation at shows throughout the year, combined payout of $1,472,936.
-
BCF Yearling Sale - a limited consignment sale designed to bring many of the nation's top yearlings to public sale. The sale is only open to yearlings enrolled in the NSBA Breeders Championship Futurity and Color Breeders Championship Futurity and is held in conjunction with the NSBA World Championship Show each year, expenses include cost of horses sold (Sale Purchase Expense).
-
The Way To Go Magazine - published 10 times per year, print magazine that goes to subscribing members and horse shows, the official publication of the National Snaffle Bit Association.
As filed on the 2023 return.
Listed in Part VII
-
Stephanie LynnSTEPHANIE LYNN
Executive Dir.
- Total calculated
- $165,000
- From this org
- $165,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 5 related
Schedule J breakdown matched by us
- Base
- $165,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $165,000
-
Maggie BellvilleMAGGIE BELLVILLE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Janet GunnJANET GUNN
IMM PAST PRES
- Total calculated
- $0
- Hours/week
- 1
-
Charles CannizzaroCHARLES CANNIZZARO
President
- Total calculated
- $0
- Hours/week
- 1
-
Kevin DukesKEVIN DUKES
PRESIDENT-ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Phil HarrisPHIL HARRIS
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Michael TidwellMICHAEL TIDWELL
VP/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Lori BucholzLORI BUCHOLZ
Director
- Total calculated
- $0
- Hours/week
- 1
-
Richard CarrRICHARD CARR
Director
- Total calculated
- $0
- Hours/week
- 1
-
Denton DebuhrDENTON DEBUHR
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stacey RobersonSTACEY ROBERSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chris JonesCHRIS JONES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kelly McDowallKELLY MCDOWALL
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cody ParrishCODY PARRISH
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kristy StarnesKRISTY STARNES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carla WennbergCARLA WENNBERG
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dean BogartDEAN BOGART
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mike HachtelMIKE HACHTEL
Director
- Total calculated
- $0
- Hours/week
- 1
-
Laina BanksLAINA BANKS
Director
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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 FOUNDAT
501C(3) · CHARITABLE ORGANIZATION DEDICATED TO SUP · IL
-
NATIONAL OPEN HORSE SHOW ASSOCIATION
501C(5) · TO PROMOTE AND IMPROVE THE OPEN HORSE SH · IL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413239349301041
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