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← NATIONAL REINING HORSE ASSOCIATION

Form 990 for tax year 2022

Filed by NATIONAL REINING HORSE ASSOCIATION.

Totals

Total revenue
$13,880,047
Total expenses
$13,623,232
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$11,084,621
Investment income
$116,308
Other revenue
$2,679,118
Total assets, end of year
$17,567,764
Total liabilities, end of year
$13,398,380
Net assets or fund balances, end of year
$4,169,384
Program services expenses (Part IX)
$13,623,232
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 $7,511,822 · related or exempt $7,511,822

  • 2b · Program service revenue: PUBLICATION

    total $810,514 · unrelated business $810,514

  • 2c · Program service revenue: MEMBER PROGRAMS

    total $2,536,983 · related or exempt $2,536,983

  • 2d · Program service revenue: FOAL NOMINATION PROGRAM

    total $214,333 · related or exempt $214,333

  • 2e · Program service revenue: OTHER PROGRAM REVENUE

    total $10,969 · related or exempt $10,969

  • 3 · Investment income

    total $116,308 · excluded $116,308

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

    total $0

  • 5 · Royalties

    total $2,315,449 · excluded $2,315,449

  • 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

    $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

    $1,413,254

  • 10b · Cost of goods sold

    $1,084,129

  • 10c · Net income from sales of inventory

    total $329,125 · related or exempt $329,125

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $34,544 · related or exempt $34,544

  • 11e · Other revenue, total

    $34,544

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 $524,429 · program services $524,429

  • 6 · Compensation of disqualified persons

    total $9,613 · program services $9,613

  • 7 · Other salaries and wages

    total $1,365,658 · program services $1,365,658

  • 8 · Pension plan contributions

    total $28,254 · program services $28,254

  • 9 · Other employee benefits

    total $188,070 · program services $188,070

  • 10 · Payroll taxes

    total $150,965 · program services $150,965

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $54,558 · program services $54,558

  • 11c · Fees: accounting

    total $69,976 · program services $69,976

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,599,354 · program services $1,599,354

  • 12 · Advertising and promotion

    total $32,652 · program services $32,652

  • 13 · Office expenses

    total $335,303 · program services $335,303

  • 14 · Information technology

    total $105,296 · program services $105,296

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $329,500 · program services $329,500

  • 17 · Travel

    total $594,056 · program services $594,056

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $102,795 · program services $102,795

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $253,936 · program services $253,936

  • 23 · Insurance

    total $80,142 · program services $80,142

  • 24a · Other expenses: NRHA MANAGED EVENTS PAYOUT

    total $4,564,983 · program services $4,564,983

  • 24b · Other expenses: NRHA MANAGED EVENTS EXPENSES

    total $2,037,647 · program services $2,037,647

  • 24c · Other expenses: PUBLICATION EXPENSE

    total $342,941 · program services $342,941

  • 24d · Other expenses: MEMBER PROGRAM EXPENSE

    total $490,644 · program services $490,644

  • 24e · All other expenses

    total $362,460 · program services $362,460

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,310,030 · end of year $9,870,061

  • 2 · Savings and temporary cash investments

    beginning of year $1,941,874 · end of year $2,005,646

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $663,056 · end of year $804,785

  • 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 $558,706

  • 9 · Prepaid expenses and deferred charges

    beginning of year $843,610 · end of year $105,658

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

    $2,309,579

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

    $814,730

  • 10c · Land, buildings and equipment, net

    beginning of year $1,600,249 · end of year $1,494,849

  • 11 · Investments: publicly traded securities

    beginning of year $1,839 · end of year $2,059

  • 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 $2,726,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,711,918 · end of year $7,757,177

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $2,730,754 · end of year $2,817,203

  • 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 $7,584 · end of year $2,824,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,910,402 · end of year $4,169,384

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

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

Listed in Part VII

  • Gary Carpenter

    EXECUTIVE DIRECTOR

    Total calculated
    $286,345
    From this org
    $264,478
    From related orgs
    $0
    Other
    $21,867
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $244,478
    Bonus
    $20,000
    Other
    not reported
    Deferred
    $5,889
    Nontaxable benefits
    $15,978
    Filer's total
    $286,345

  • John Foy

    CHIEF FINANCIAL OFFICER

    Total calculated
    $227,689
    From this org
    $207,491
    From related orgs
    $0
    Other
    $20,198
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $185,253
    Bonus
    $20,000
    Other
    $2,238
    Deferred
    $4,220
    Nontaxable benefits
    $15,978
    Filer's total
    $227,689

  • Margaret Fuchs

    DIRECTOR

    Total calculated
    $4,900
    From this org
    $4,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ann Salmon Anderman

    EXEC. COMM. MEMBER & DIRECTOR

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mark Blake

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10 + 4 related

  • Rick Clark

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10 + 4 related

  • Mike Hancock

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Paulus Beurskens

    EXEC. COMM. MEMBER THRU 12/22

    Total calculated
    $0
    Hours/week
    2

  • Ed Bricker

    EXEC. COMM. MEMBER & DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shane Brown

    EXEC. COMM. MEMBER & DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Tague

    EXEC. COMM. MEMBER & DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tim Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Maik Bartmann

    DIRECTOR STARTING 1/1/2023

    Total calculated
    $0
    Hours/week
    1

  • Lyndon Hale

    DIRECTOR STARTING 1/1/2023

    Total calculated
    $0
    Hours/week
    1

  • Larry J Handley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Drake Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rudi Kronsteiner

    DIRECTOR STARTING 1/1/2023

    Total calculated
    $0
    Hours/week
    1

  • Joao Marcos

    DIRECTOR THRU 12/2022

    Total calculated
    $0
    Hours/week
    1

  • Karen Montgomery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Francisco Moura

    DIRECTOR STARTING 1/1/23

    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

    Total calculated
    $0
    Hours/week
    1

  • Karen Shedlauskas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rosanne Sternberg

    DIRECTOR THRU 12/2022

    Total calculated
    $0
    Hours/week
    1

  • 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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411359349311466

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