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Nonprofiteer
← REINING HORSE SPORTS FOUNDATION INC

Form 990 for tax year 2022

Filed by REINING HORSE SPORTS FOUNDATION INC.

Totals

Total revenue
$649,755
Total expenses
$260,597
Contributions and grants received
$546,051
Grants paid
$161,518
Program service revenue
$0
Investment income
$30,696
Other revenue
$73,008
Total assets, end of year
$2,403,995
Total liabilities, end of year
$76,926
Net assets or fund balances, end of year
$2,327,069
Program services expenses (Part IX)
$200,949
Management and general expenses
$57,650
Fundraising expenses
$1,998
Program service expenses (Part III)
$200,949

Program services were 77.1% 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

    $376,003

  • 1f · All other contributions, gifts and grants

    $170,048

  • 1g · Noncash contributions included above

    $376,003

  • 2a · Program service revenue: OTHER REVENUE

    total $0

  • 2f · All other program service revenue

    total $0

  • 3 · Investment income

    total $30,696 · excluded $30,696

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $676,113

  • 8a · Fundraising events: contributions included on line 1c

    $603,169

  • 8b · Fundraising events: direct expenses

    $603,169

  • 8c · Net income from fundraising events

    total $72,944 · excluded $72,944

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $64

  • 11e · Other revenue, total

    $64

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $78,168 · program services $78,168

  • 2 · Grants to domestic individuals

    total $83,350 · program services $83,350

  • 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 $0

  • 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 $2,956 · management and general $2,956

  • 11c · Fees: accounting

    total $3,517 · management and general $3,517

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $1,998 · fundraising $1,998

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $14,075 · management and general $14,075

  • 13 · Office expenses

    total $7,873 · program services $1,940 · management and general $5,933

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $46,057 · program services $37,225 · management and general $8,832

  • 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 $0

  • 24a · Other expenses: OUTSIDE PRINTING & ARTWORK

    total $9,356 · program services $243 · management and general $9,113

  • 24b · Other expenses: MEETING EXPENSE

    total $1,088 · management and general $1,088

  • 24c · Other expenses: DUES AND REGISTRATION FEES

    total $8,596 · management and general $8,596

  • 24d · Other expenses: BANK SERVICE CHARGES

    total $3,563 · program services $23 · management and general $3,540

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,655,828 · end of year $58,664

  • 2 · Savings and temporary cash investments

    beginning of year $33,891 · end of year $2,059,591

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $5,702 · end of year $276

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,644 · end of year $1,875

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $269,869 · end of year $283,589

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,395 · end of year $37,212

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $39,714

  • 27 · Net assets without donor restrictions

    beginning of year $1,633,984 · end of year $1,634,108

  • 28 · Net assets with donor restrictions

    beginning of year $290,555 · end of year $290,431

Mission and programs · 2022

Mission

WE CARE FOR AND HONOR OUR REINING COMMUNITY.

  • YOUTH: THE YOUTH PROGRAM IN FISCAL YEAR 2023, AWARDED $52,300 IN SCHOLARSHIPS MADE AVAILABLE BY THE FOUNDATION THROUGH SEVERAL YOUTH PROGRAMS. THE AFFILIATE REGIONAL SCHOLARSHIP PROGRAM AWARDED $15,800 IN SCHOLARSHIPS; THESE TOURNAMENTS ARE HELD AT THE NRHA AFFILIATE REGIONAL CHAMPIONSHIP SHOWS. PARTICIPANTS IN THE TOURNAMENT MAY APPLY FOR THESE SCHOLARSHIPS AFTER THE CONCLUSION OF THE CHAMPIONSHIP. TWO PER REGION ARE AWARDED. ALSO, OF INTEREST TO YOUTH IS THE REINING HORSE FOUNDATION ACADEMIC SCHOLARSHIPS. BEGINNING IN 2002, THE SCHOLARSHIPS WERE AVAILABLE TO SUPPORT THE EDUCATION OF NRHA AND NRHYA MEMBERS. SCHOLARSHIPS ARE AWARDED BASED ON FINANCIAL NEED, ACADEMIC ACHIEVEMENT, ACTIVITIES, NRHA INVOLVEMENT AND REFERENCES. IN FISCAL YEAR 2023, $28,500 IN ACADEMIC SCHOLARSHIPS WERE AWARDED BY THE FOUNDATION. INDIVIDUALS WHO ARE AWARDED SCHOLARSHIPS ARE ELIGIBLE TO CLAIM THEIR SCHOLARSHIP AS THEY ENTER COLLEGE. IN FISCAL YEAR 2023, THE FOUNDATION PAID OUT $26,650 IN SCHOLARSHIPS.

    Expenses $27,898 · Grants $27,898

  • YOUTH LEADERSHIP AND OFFICER: "EDUCATING THE FUTURE OF REINING" THE NATIONAL REINING HORSE YOUTH ASSOCIATION (NRHYA) IS A LEADERSHIP ORGANIZATION SUPPORTED BY THE FOUNDATION, AND OPEN TO ALL YOUTH MEMBERS OF THE ASSOCIATION. NRHYA ELECTS TWO DELEGATES IN EACH REGION OF NRHA COMPETITION AND HAS SIX ELECTED NATIONAL OFFICER POSITIONS - PRESIDENT, VICE PRESIDENT, TREASURER/SECRETARY, HISTORIAN, INTERNATIONAL LIAISON, AND EVENT COORDINATOR. AFFILIATES CAN ALSO ELECT A YOUTH AFFILIATE LIAISON ROLE TO ALLOW FOR MORE LEADERSHIP POSITIONS ACROSS THE COUNTRY. THE NRHYA HAS INITIATED A YOUTH LEADERSHIP AND EDUCATIONAL PROGRAM TITLED THE VARSITY REINING CLUB (VRC) THAT IS SUPPORTED BY THE FOUNDATION AND IS OPEN TO ALL YOUTH MEMBERS OF THE ASSOCIATION. VRC WAS ESTABLISHED TO ENGAGE YOUTH MEMBERS AND ENCOURAGE THEM TO BECOME MORE ACTIVE AT BOTH THE LOCAL AND NATIONAL LEVELS. THIS PROGRAM OFFERS NRHYA MEMBERS OPPORTUNITIES TO CONTRIBUTE TO THE YOUTH ASSOCIATION, IN ADDITION TO DEVELOPING VALUABLE LIFE SKILLS THAT WILL ALLOW THEM TO BE SUCCESSFUL CONTRIBUTING MEMBERS OF SOCIETY. IN ADDITION TO THE YOUTH MEMBERS INTERACTING WITH ONE ANOTHER AND PARTICIPATING IN THE PROGRAM, THE FOUNDATION WANTS TO PROVIDE LIFE SKILLS THAT WILL HELP THEM GROW AND MATURE. STRESSING THE IMPORTANCE OF COMMUNITY SERVICE, BEING AN ACTIVE MEMBER IN A GROUP AND LEARNING TO WORK WITH OTHERS, PUBLIC SPEAKING, WRITTEN COMMUNICATION SKILLS, AND CREATIVITY ARE ALL IMPORTANT SKILLS THAT CAN BE FURTHER DEVELOPED BY PARTICIPATING IN THIS PROGRAM. NRHYA MEMBERS ARE AWARDED POINTS FOR PARTICIPATING IN THE FOLLOWING LEADERSHIP AND EDUCATIONAL TYPE ACTIVITIES OF THE VARSITY REINING CLUB: COMMUNITY SERVICE, VOLUNTEERING AND ASSISTING AT APPROVED NRHA EVENTS, ASSISTING WITH FUNDRAISING ACTIVITIES OF LOCAL CLUBS, PHOTOGRAPHY OF EQUINE RELATED ACTIVITIES, CREATIVE WRITING CONCERNING EQUINE EVENTS (FICTIONAL OR NON-FICTIONAL), A NEWS STYLE ARTICLE REPORTING ON FACTUAL EVENTS THAT IS EQUINE RELATED, ARTS AND CRAFTS WITH AN EQUINE BASED THEME, AND HOLDING AND ORGANIZING AN NRHYA MEETING. THE FOUNDATION PROVIDES 13 SCHOLARSHIPS TOTALING $5,000 IN TOTAL AWARDS TO THE VRC PROGRAM EACH YEAR, AND THE SCHOLARSHIPS ARE AWARDED BASED ON THE POINTS EARNED BY THE VRC PARTICIPANTS.

    Expenses $38,183

  • CRISIS FUND: "TAKING CARE OF OUR OWN" THE REINING COMMUNITY COMES TOGETHER THROUGH THE DALE WILKINSON MEMORIAL CRISIS FUND TO FINANCIALLY AND EMOTIONALLY SUPPORT MEMBERS FACED WITH HARDSHIPS INCLUDING MEDICAL CRISES, ACCIDENTS AND DISASTERS. GRANTS CAN COVER EXPENSES AND LOSSES NOT COVERED BY INSURANCE. AFTER REVIEW AND FOLLOWING GUIDELINES FOR DISTRIBUTIONS, GRANTS IN THE AMOUNT OF $56,700 WERE DISTRIBUTED THIS YEAR, BASED ON THE DEMONSTRATED NEEDS OF INDIVIDUAL MEMBERS OF NRHA.

    Expenses $56,700 · Grants $56,700

  • PAYMENTS TO AFFILIATED ORGANIZATIONS

    Expenses $78,168 · Grants $78,168

  • AUCTION EXPENSE

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tim Anderson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Loren Booth

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Chloe Lawrence

    SEC./TREAS.

    Total calculated
    $0
    Hours/week
    4

  • Rick Clark

    OFFICER/DIRECT STARTED 1/1/23

    Total calculated
    $0
    Hours/week
    4 + 10 related

  • Joao Marcos

    OFFICER/DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Debbie Conway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Patrick Flaherty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Janice Laney

    DIRECTOR STARTED 1/1/23

    Total calculated
    $0
    Hours/week
    4

  • Terri Mainey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Mike McFarlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Geir Ramleth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Andrea Stillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Nancy Tague

    DIRECTOR STARTED 1/1/23

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Kevin Truax

    DIRECTOR STARTED 1/1/23

    Total calculated
    $0
    Hours/week
    4

  • Jamie Walters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Brooke Wharton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Billy Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Joe Wolfe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Nancy Tague

    OFFICER/DIRECT. THRU 12/22

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Rick Clark

    DIRECTOR THRU 12/22

    Total calculated
    $0
    Hours/week
    4 + 10 related

  • Jennifer Greenleaf

    DIRECTOR THRU 12/22

    Total calculated
    $0
    Hours/week
    4

  • Mike Hancock

    DIRECTOR THRU 12/22

    Total calculated
    $0
    Hours/week
    4 + 10 related

  • Mark Blake

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    4 + 10 related

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.

Grants 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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411359349311006

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