Form 990 for tax year 2024
Filed by NATIONAL CUTTING HORSE ASSOCIATION.
Totals
- Total revenue
- $35,037,274
- Total expenses
- $30,885,811
- Contributions and grants received
- $5,992,791
- Grants paid
- $42,000
- Program service revenue
- $27,309,606
- Investment income
- $1,361,128
- Other revenue
- $373,749
- Total assets, end of year
- $32,291,121
- Total liabilities, end of year
- $10,182,580
- Net assets or fund balances, end of year
- $22,108,541
- Program services expenses (Part IX)
- $26,773,339
- Management and general expenses
- $2,989,532
- Fundraising expenses
- $1,122,940
- Program service expenses (Part III)
- not reported
Program services were 86.7% 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.
-
1e · Government grants (contributions)
$3,355,421
-
1f · All other contributions, gifts and grants
$2,637,370
-
1g · Noncash contributions included above
$342,048
-
2a · Program service revenue: AFFILIATE INCOME
total $2,036,070 · related or exempt $2,036,070
-
2b · Program service revenue: ENTRY & SHOW FEES
total $18,155,213 · related or exempt $18,155,213
-
2c · Program service revenue: HORSE AUCTION COMMISIONS
total $1,672,330 · related or exempt $1,672,330
-
2d · Program service revenue: MEMBERSHIP DUES
total $921,040 · related or exempt $921,040
-
2e · Program service revenue: STALLS/PRACTICE PEN
total $3,521,845 · related or exempt $3,521,845
-
2f · All other program service revenue
total $1,003,108 · related or exempt $1,003,108
-
3 · Investment income
total $679,506 · excluded $679,506
-
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 $19,556,868
-
7b · Less cost or other basis and sales expenses
securities $18,872,103 · other assets $3,143
-
7c · Gain or loss
securities $684,765 · other assets -$3,143
-
7d · Net gain or loss
total $681,622 · excluded $681,622
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: ADVERTISING
total $133,213 · unrelated business $133,213
-
11b · Other revenue: MISCELLANEOUS REVENUE
total $46,817 · related or exempt $46,817
-
11c · Other revenue: SPECIAL PROJECTS
total $193,719 · related or exempt $193,719
-
11e · Other revenue, total
$373,749
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 $42,000 · program services $42,000
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $534,238 · program services $200,177 · management and general $267,676 · fundraising $66,385
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,837,851 · program services $688,635 · management and general $920,843 · fundraising $228,373
-
8 · Pension plan contributions
total $23,386 · program services $8,763 · management and general $11,717 · fundraising $2,906
-
9 · Other employee benefits
total $313,105 · program services $117,319 · management and general $156,879 · fundraising $38,907
-
10 · Payroll taxes
total $226,206 · program services $84,759 · management and general $113,339 · fundraising $28,108
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $331,772 · management and general $331,772
-
11c · Fees: accounting
total $52,500 · management and general $52,500
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $82,439 · management and general $82,439
-
11g · Fees: other
total $579,203 · program services $103,973 · management and general $275,385 · fundraising $199,845
-
12 · Advertising and promotion
total $767,134 · program services $533,238 · management and general $2,757 · fundraising $231,139
-
13 · Office expenses
total $0
-
14 · Information technology
total $141,158 · program services $47,459 · management and general $93,699
-
15 · Royalties
total $0
-
16 · Occupancy
total $2,380,774 · program services $2,259,718 · management and general $120,656 · fundraising $400
-
17 · Travel
total $34,792 · program services $15,126 · management and general $10,953 · fundraising $8,713
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $320,969 · program services $320,969
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $108,455 · management and general $108,455
-
23 · Insurance
total $205,913 · program services $4,823 · management and general $201,090
-
24a · Other expenses: PREMIUMS
total $14,195,770 · program services $14,195,770
-
24b · Other expenses: CATTLE
total $3,667,983 · program services $3,667,983
-
24c · Other expenses: JUDGES & SHOW LABOR
total $1,983,114 · program services $1,983,114
-
24d · Other expenses: AWARDS
total $1,699,629 · program services $1,699,629
-
24e · All other expenses
total $1,357,420 · program services $799,884 · management and general $239,372 · fundraising $318,164
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,384,504 · end of year $2,067,870
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $3,004,655 · end of year $2,330,304
-
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 $500,801 · end of year $733,070
-
10a · Land, buildings and equipment: cost or other basis
$6,352,360
-
10b · Land, buildings and equipment: accumulated depreciation
$5,104,337
-
10c · Land, buildings and equipment, net
beginning of year $1,289,969 · end of year $1,248,023
-
11 · Investments: publicly traded securities
beginning of year $18,724,168 · end of year $25,890,277
-
12 · Investments: other securities
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 $4,254 · end of year $21,577
-
17 · Accounts payable and accrued expenses
beginning of year $800,394 · end of year $841,789
-
19 · Deferred revenue
beginning of year $8,421,829 · end of year $9,340,791
-
27 · Net assets without donor restrictions
beginning of year $17,603,210 · end of year $22,024,017
-
28 · Net assets with donor restrictions
beginning of year $82,918 · end of year $84,524
Mission and programs · 2024
Mission
THE NCHA PROMOTES AND CELEBRATES THE CUTTING HORSE, WHOSE ORIGIN ON WESTERN RANCHES ALLOWS US TO SUPPORT RANCHING AND ITS WESTERN HERITAGE. BY ESTABLISHING RULES FOR THE CONDUCT OF CUTTING HORSE SHOWS, NCHA STRIVES TO GIVE CUTTERS A LEVEL PLAYING FIELD AND A PROGRESSIVE CLASS STRUCTURE, WHICH ACCOMODATES EVERYONE FROM THE BEGINNER TO THE ADVANCED COMPETITOR. NCHA DRAWS ON THE DIVERSE TALENTS AND BACKGROUND OF ITS MEMBERS, AND ENCOURAGES THEIR PARTICIPATION IN HELPING IT ACHIEVE THESE GOALS.
Activities or mission (Part I)
THE NCHA PROMOTES AND CELEBRATES THE CUTTING HORSE, WHOSE ORIGIN ON WESTERN RANCHES ALLOWS US TO SUPPORT RANCHING AND ITS WESTERN HERITAGE.
-
Shows-Through exhibitions, NCHA Members can present their cutting horses for evaluation against horses of a similar skillset. NCHA Produces eight events and Approves more than one thousand events held by independent parties, each year. Approved events remit show results to the Association, where earnings data for horse and rider are retained for accolades. Judges-Exhibitors at events present their cutting horses for evaluation by NCHA certified Judges. Judges are granted certification through a testing and approval program. NCHA Produced and Approved events require certified judges for production and approval. Marketing-The promotion of exhibitors and the sport is managed by the Associations Marketing department. Athletes and the sport are promoted via social media and through the Associations monthly, printed magazine, The Cutting Horse Chatter. Operational Systems-Collection and calculation of Produced and Approved events data is managed through the Associations operational systems. The systems store earnings, awards and member data for each of the Associations major departments, including: Shows, Membership, Judges, Stallion Foal, and Youth. Stallion Foal-For the on-going concern and longevity of the sport, stallions and their offspring are promoted through the Stallion and Foal Program. Stallions are subscribed to the program for a corresponding breeding year, and the resulting offspring are nominated to the program. Funds resulting from the program are then utilized to incentivize members to breed, raise, and exhibit the offspring at NCHA Produced and Approved events.Youth-To promote future generations of cutters, the Association seeks to promote and develop youth members to compete, participate in leadership programs, and be eligible for a variety of financial and educational opportunities at NCHA Produced and Approved events.
As filed on the 2024 return.
Listed in Part VII
-
Jay WinbornJAY WINBORN
Executive Dir.
- Total calculated
- $496,721
- From this org
- $470,883
- From related orgs
- $0
- Other
- $25,838
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $470,883
- Bonus
- not reported
- Other
- not reported
- Deferred
- $25,838
- Nontaxable benefits
- not reported
- Filer's total
- $496,721
-
Andy Adams
Director of Judges
- Total calculated
- $180,038
- From this org
- $158,373
- From related orgs
- $0
- Other
- $21,665
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,373
- Bonus
- not reported
- Other
- not reported
- Deferred
- $21,665
- Nontaxable benefits
- not reported
- Filer's total
- $180,038
-
Carley MontemuroCARLEY MONTEMURO
DIRECTOR OF MARKET
- Total calculated
- $169,937
- From this org
- $160,983
- From related orgs
- $0
- Other
- $8,954
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,983
- Bonus
- not reported
- Other
- not reported
- Deferred
- $8,954
- Nontaxable benefits
- not reported
- Filer's total
- $169,937
-
Jimmy VeceraJIMMY VECERA
Director of Data
- Total calculated
- $164,515
- From this org
- $134,015
- From related orgs
- $0
- Other
- $30,500
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,015
- Bonus
- not reported
- Other
- not reported
- Deferred
- $30,500
- Nontaxable benefits
- not reported
- Filer's total
- $164,515
-
Denise WilliamsDENISE WILLIAMS
Treasurer
- Total calculated
- $156,627
- From this org
- $156,627
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,627
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $156,627
-
Shianne MegelSHIANNE MEGEL
DIRECTOR OF SHOWS
- Total calculated
- $155,530
- From this org
- $151,288
- From related orgs
- $0
- Other
- $4,242
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,288
- Bonus
- not reported
- Other
- not reported
- Deferred
- $4,242
- Nontaxable benefits
- not reported
- Filer's total
- $155,530
-
See Attached List For BodSEE ATTACHED LIST FOR BOD
DIRECTORS
- Total calculated
- $0
- Hours/week
- 0
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 · Written employment contract
- 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.
-
501(C)(3) · SUPPORT NCHA · TX
Directly controlled by NA
-
NCHAS TEXAS EVENTS PAC
527 · COLLECTS DONATIONS FOR POL. CAMPAIGNS · TX · controlled entity
Directly controlled by NCHA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 August 2026
- IRS schema version
- 2024v5.2
- Source object
- 202622269349301327
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