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Nonprofiteer
← NATIONAL REINING HORSE ASSOCIATION

Form 990 for tax year 2023

Filed by NATIONAL REINING HORSE ASSOCIATION.

Totals

Total revenue
$15,531,421
Total expenses
$14,685,664
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$12,021,839
Investment income
$485,728
Other revenue
$3,023,854
Total assets, end of year
$17,473,951
Total liabilities, end of year
$12,445,913
Net assets or fund balances, end of year
$5,028,038
Program services expenses (Part IX)
$14,685,664
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: NRHA MANAGED EVENTS

    total $8,117,201 · related or exempt $8,117,201

  • 2b · Program service revenue: PUBLICATION

    total $746,073 · unrelated business $746,073

  • 2c · Program service revenue: MEMBER PROGRAMS

    total $2,848,751 · related or exempt $2,848,751

  • 2d · Program service revenue: FOAL NOMINATION PROGRAM

    total $270,711 · related or exempt $270,711

  • 2e · Program service revenue: OTHER PROGRAM REVENUE

    total $39,103 · related or exempt $39,103

  • 3 · Investment income

    total $486,405 · excluded $486,405

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

    total $0

  • 5 · Royalties

    total $2,376,900 · excluded $2,376,900

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $25,000

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

    other assets $25,677

  • 7c · Gain or loss

    other assets -$677

  • 7d · Net gain or loss

    total -$677 · related or exempt -$677

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $1,523,738

  • 10b · Cost of goods sold

    $896,494

  • 10c · Net income from sales of inventory

    total $627,244 · related or exempt $627,244

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $19,710 · related or exempt $19,710

  • 11e · Other revenue, total

    $19,710

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 $830,829 · program services $830,829

  • 6 · Compensation of disqualified persons

    total $11,250 · program services $11,250

  • 7 · Other salaries and wages

    total $1,389,185 · program services $1,389,185

  • 8 · Pension plan contributions

    total $31,587 · program services $31,587

  • 9 · Other employee benefits

    total $229,387 · program services $229,387

  • 10 · Payroll taxes

    total $183,026 · program services $183,026

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $61,896 · program services $61,896

  • 11c · Fees: accounting

    total $84,504 · program services $84,504

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $3,152 · program services $3,152

  • 11g · Fees: other

    total $1,624,586 · program services $1,624,586

  • 12 · Advertising and promotion

    total $98,568 · program services $98,568

  • 13 · Office expenses

    total $449,816 · program services $449,816

  • 14 · Information technology

    total $110,799 · program services $110,799

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $235,451 · program services $235,451

  • 17 · Travel

    total $560,028 · program services $560,028

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $226,825 · program services $226,825

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $292,006 · program services $292,006

  • 23 · Insurance

    total $66,611 · program services $66,611

  • 24a · Other expenses: NRHA MANAGED EVENTS PAYOUT

    total $4,792,778 · program services $4,792,778

  • 24b · Other expenses: NRHA MANAGED EVENTS EXPENSES

    total $2,261,142 · program services $2,261,142

  • 24c · Other expenses: PUBLICATION EXPENSE

    total $351,697 · program services $351,697

  • 24d · Other expenses: MEMBER PROGRAM EXPENSE

    total $372,795 · program services $372,795

  • 24e · All other expenses

    total $417,746 · program services $417,746

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,870,061 · end of year $3,305,524

  • 2 · Savings and temporary cash investments

    beginning of year $2,005,646 · end of year $9,028,549

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $804,785 · end of year $773,276

  • 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 $558,706 · end of year $363,782

  • 9 · Prepaid expenses and deferred charges

    beginning of year $105,658 · end of year $346,214

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

    $2,376,376

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

    $1,039,081

  • 10c · Land, buildings and equipment, net

    beginning of year $1,494,849 · end of year $1,337,295

  • 11 · Investments: publicly traded securities

    beginning of year $2,059 · end of year $110,311

  • 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 $2,726,000 · end of year $2,209,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,757,177 · end of year $7,161,351

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $2,817,203 · end of year $2,959,562

  • 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 $2,824,000 · end of year $2,325,000

  • 27 · Net assets without donor restrictions

    beginning of year $4,169,384 · end of year $5,028,038

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Activities or mission (Part I)

TO PROMOTE AND ENCOURAGE PUBLIC INTEREST IN AGRICULTURAL AND RANCHING ACTIVITIES THROUGH THE EXHIBITION OF THE REINING HORSE AND RELATED PROGRAMS.

  • THE NRHA MANAGED EVENTS INCLUDE THE NRHA FUTURITY, THE NRHA DERBY, THE EUROPEAN FUTURITY, AND THE EUROPEAN DERBY. THESE EVENTS DEMONSTRATE TO THE PUBLIC THE SKILLS AND TECHNIQUES OF THE SPORT OF REINING. THESE EVENTS PROMOTE AND ENCOURAGE DEVELOPMENT OF AND PUBLIC INTEREST IN THE SPORT OF REINING. THE NRHA'S FUTURITY IS THE LARGEST PUBLIC SHOW OF REINING HORSES IN THE WORLD.

  • THE NRHA PUBLISHES A MONTHLY MAGAZINE DISTRIBUTED WORLDWIDE THAT EDUCATES, INFORMS AND PROMOTES REINING. THE MAGAZINE PROVIDES CONTESTANTS AND SPECTATORS A BETTER UNDERSTANDING OF A PROPER PERFORMANCE OF THE REINING HORSE IN THE SHOW ARENA.

  • THE NRHA MEMBERSHIP PROGRAMS INCLUDE THE JUDGES AND BREEDING PROGRAMS. THE NRHA JUDGES PROGRAM PROMOTES JUDGES SCHOOLS AND CLINICS THROUGHOUT THE WORLD. SUCCESSFUL CANDIDATES BECOME LICENSED NRHA JUDGES. THE JUDGES PROGRAM IS IMPERATIVE FOR THE REINING INDUSTRY TO MAINTAIN ITS INTEGRITY AND GROWTH. THESE PROGRAMS DEVELOP SUITABLE AND PROPER STANDARDS OF PERFORMANCE AND JUDGING INTENDED TO GOVERN ALL REINING HORSE CONTESTS SPONSORED AND APPROVED BY THE NRHA. THE NRHA BREEDING PROGRAM ENCOURAGES THE DEVELOPMENT AND BREEDING OF BETTER REINING HORSES BY PROVIDING AFFORDABLE BREEDING TO QUALITY BLOODLINES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gary Carpenter

    COMMISSIONER THRU 12/31/2023

    Total calculated
    $274,365
    From this org
    $250,889
    From related orgs
    $0
    Other
    $23,476
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $250,889
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,889
    Nontaxable benefits
    $17,587
    Filer's total
    $274,365

  • John Foy

    CHIEF FINANCIAL OFFICER

    Total calculated
    $231,720
    From this org
    $209,447
    From related orgs
    $0
    Other
    $22,273
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $189,447
    Bonus
    $20,000
    Other
    not reported
    Deferred
    $4,686
    Nontaxable benefits
    $17,587
    Filer's total
    $231,720

  • Billy Smith

    COMMISSIONER STARTING 1/1/2024

    Total calculated
    $168,210
    From this org
    $158,475
    From related orgs
    $0
    Other
    $9,735
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $158,475
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,657
    Nontaxable benefits
    $6,078
    Filer's total
    $168,210

  • Maik Bartmann

    DIRECTOR

    Total calculated
    $11,375
    From this org
    $11,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Drake Johnson

    DIRECTOR

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Margaret Fuchs

    DIRECTOR

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mark Blake

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10 + 4 related

  • Mike Hancock

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Ed Bricker

    EXEC. COMM. MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Shane Brown

    EXEC. COMM. MEMBER THRU 12/23

    Total calculated
    $0
    Hours/week
    2

  • Rick Clark

    EXEC. COMM. MEMBER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Rob Curtis

    EXEC. COMM. MEMBER BEG. 1/24

    Total calculated
    $0
    Hours/week
    2

  • Sebastian Petroll

    EXEC. COMM. MEMBER BEG. 1/24

    Total calculated
    $0
    Hours/week
    2

  • John Tague

    EXEC. COMM. MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ann Salmon Anderman

    DIRECTOR THRU 12/31/2023

    Total calculated
    $0
    Hours/week
    1

  • Tim Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Michael Davis

    DIRECTOR STARTING 1/1/2024

    Total calculated
    $0
    Hours/week
    1

  • Andre De Bellefeuille

    DIRECTOR STARTING 1/1/2024

    Total calculated
    $0
    Hours/week
    1

  • Lyndon Hale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Larry J Handley

    DIRECTOR THRU 12/31/2023

    Total calculated
    $0
    Hours/week
    1

  • Rudi Kronsteiner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joao Marcos

    DIRECTOR STARTING 1/1/2024

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Karen Montgomery

    DIRECTOR THRU 12/31/2023

    Total calculated
    $0
    Hours/week
    1

  • Francisco Moura

    DIRECTOR THRU 12/31/2023

    Total calculated
    $0
    Hours/week
    1

  • Ruben Pacheco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ginger Schmersal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dallas Schwerdt

    DIRECTOR THRU 12/31/2023

    Total calculated
    $0
    Hours/week
    1

  • Karen Shedlauskas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrea Stillo

    DIRECTOR STARTING 1/1/2024

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Kylie Warn

    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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511359349303071

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