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Nonprofiteer
← NATIONAL SNAFFLE BIT ASSOCIATION INC

Form 990 for tax year 2024

Filed by NATIONAL SNAFFLE BIT ASSOCIATION INC.

Totals

Total revenue
$7,347,856
Total expenses
$7,156,066
Contributions and grants received
$10,300
Grants paid
$0
Program service revenue
$6,673,377
Investment income
$382,352
Other revenue
$281,827
Total assets, end of year
$6,370,337
Total liabilities, end of year
$2,321,492
Net assets or fund balances, end of year
$4,048,845
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

    $10,300

  • 2a · Program service revenue: MAGAZINES

    total $492,540 · related or exempt $153,755 · unrelated business $338,785

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $613,047 · related or exempt $613,047

  • 2c · Program service revenue: REGISTRATION INCOME

    total $163,286 · related or exempt $163,286

  • 2d · Program service revenue: SHOWS

    total $4,274,868 · related or exempt $4,274,868

  • 2e · Program service revenue: YEARLING SALES

    total $1,129,636 · related or exempt $1,129,636

  • 3 · Investment income

    total $171,606 · excluded $171,606

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $33,925

  • 6b · Less rental expenses

    real property $8,102

  • 6c · Rental income or loss

    real property $25,823

  • 6d · Net rental income or loss

    total $25,823 · excluded $25,823

  • 7a · Gross sales of assets other than inventory

    securities $202,043 · other assets $493,990

  • 7b · Less cost or other basis and sales expenses

    securities $199,672 · other assets $285,615

  • 7c · Gain or loss

    securities $2,371 · other assets $208,375

  • 7d · Net gain or loss

    total $210,746 · excluded $210,746

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

    $10,300

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $42,230

  • 10c · Net income from sales of inventory

    total $42,230 · related or exempt $42,230

  • 11a · Other revenue: CREDIT CARD SURCHARGES

    total $209,806 · related or exempt $209,806

  • 11b · Other revenue: OTHER REVENUES

    total $3,968 · related or exempt $3,968

  • 11e · Other revenue, total

    $213,774

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 $176,410

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $806,494

  • 8 · Pension plan contributions

    total $22,442

  • 9 · Other employee benefits

    total $105,670

  • 10 · Payroll taxes

    total $70,701

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $116

  • 11c · Fees: accounting

    total $12,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $9,672

  • 11g · Fees: other

    total $155,576

  • 12 · Advertising and promotion

    total $4,155

  • 13 · Office expenses

    total $65,596

  • 14 · Information technology

    total $57,853

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $32,754

  • 17 · Travel

    total $396,556

  • 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 $96,351

  • 23 · Insurance

    total $26,976

  • 24a · Other expenses: PAYOUTS

    total $1,516,875

  • 24b · Other expenses: YEARLING PURCHASES

    total $974,620

  • 24c · Other expenses: ARENA RENTAL

    total $741,505

  • 24d · Other expenses: BANK & CREDIT CARD FEES

    total $564,519

  • 24e · All other expenses

    total $1,319,225

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,352,902 · end of year $2,589,672

  • 2 · Savings and temporary cash investments

    beginning of year $1,857,394 · end of year $1,074,739

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $63,371 · end of year $10,496

  • 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 $13,290 · end of year $66,564

  • 10a · Land, buildings and equipment: cost or other basis

    $1,524,105

  • 10b · Land, buildings and equipment: accumulated depreciation

    $338,893

  • 10c · Land, buildings and equipment, net

    beginning of year $1,425,575 · end of year $1,185,212

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $491,522 · end of year $1,439,260

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $34,224 · end of year $4,394

  • 17 · Accounts payable and accrued expenses

    beginning of year $664,962 · end of year $617,451

  • 19 · Deferred revenue

    beginning of year $1,840,424 · end of year $1,696,901

  • 25 · Other liabilities

    end of year $7,140

  • 27 · Net assets without donor restrictions

    beginning of year $3,732,892 · end of year $4,048,845

Mission and programs · 2024

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.

  • Breeders Championship Futurity - a comprehensive program designed to appeal to breeders, owners, trainers, and exhibitors alike by offering a full slate of classes and paybacks available only to offspring of participating stallions. BCF eligible offspring compete for an annual purse of over $300,000 in offered classes from yearlings through six-years old. BCF nominated horses are also allowed to participate in the NSBAs BCF Yearling Sale held each year in conjunction with the NSBA World Championship Show and Breeders Championship Futurity.

  • Incentive Fund - a breeders program that encourages participation by offering enrolled horses a cash dividend for NSBA points earned in Open and Amateur Dual Approved and Special Event classes throughout the year.

As filed on the 2024 return.

Listed in Part VII

  • Stephanie Lynn

    Executive Dir.

    Total calculated
    $176,410
    From this org
    $171,002
    From related orgs
    $0
    Other
    $5,408
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $171,002
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,408
    Nontaxable benefits
    not reported
    Filer's total
    $176,410

  • Nicole Barnes

    DIR SALES TWTG

    Total calculated
    $114,746
    From this org
    $114,746
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Christopher Hernandez

    IT MANAGER

    Total calculated
    $106,321
    From this org
    $103,225
    From related orgs
    $0
    Other
    $3,096
    Hours/week
    40

  • Mike Hachtel

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Charles Cannizzaro

    IMM PAST PRES

    Total calculated
    $0
    Hours/week
    0.25

  • Kevin Dukes

    President

    Total calculated
    $0
    Hours/week
    2 + 0.25 related

  • Phil Harris

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Michael Tidwell

    VP/TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Rich Carr

    Vice President

    Total calculated
    $0
    Hours/week
    0.25

  • Lori Bucholz

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Cole Baker

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Denton Debuhr

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Patty Campbell

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Chris Jones

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Adam Daurio

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Megan Hunt

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Kristy Starnes

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Julie Marweg

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Dean Bogart

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Laina Banks

    Director

    Total calculated
    $0
    Hours/week
    0.25

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.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202503159349305975

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