Totals
- Total revenue
- $582,992
- Total expenses
- $470,808
- Contributions and grants received
- $458,611
- Grants paid
- $157,500
- Program service revenue
- $0
- Investment income
- $170,048
- Other revenue
- -$45,667
- Total assets, end of year
- $5,925,429
- Total liabilities, end of year
- $1,108,391
- Net assets or fund balances, end of year
- $4,817,038
- Program services expenses (Part IX)
- $159,727
- Management and general expenses
- $310,733
- Fundraising expenses
- $348
- Program service expenses (Part III)
- $159,727
Program services were 33.9% 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
$93,803
-
1f · All other contributions, gifts and grants
$364,808
-
3 · Investment income
total $170,048 · excluded $170,048
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$60,017
-
8a · Fundraising events: contributions included on line 1c
$93,803
-
8b · Fundraising events: direct expenses
$106,953
-
8c · Net income from fundraising events
total -$46,936 · excluded -$46,936
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: CASH REWARDS
total $1,269 · related or exempt $1,269
-
11e · Other revenue, total
$1,269
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $99,500 · program services $99,500
-
2 · Grants to domestic individuals
total $58,000 · program services $58,000
-
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 $146,021 · management and general $146,021
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $46,800 · management and general $46,800
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $13,340 · management and general $13,340
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $315 · management and general $315
-
11c · Fees: accounting
total $1,400 · management and general $1,400
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $37,253 · management and general $37,253
-
11g · Fees: other
total $5,000 · management and general $5,000
-
12 · Advertising and promotion
total $10,542 · management and general $10,542
-
13 · Office expenses
total $9,961 · management and general $9,961
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $10,894 · management and general $10,894
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $2,731 · management and general $2,731
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $13,660 · management and general $13,660
-
23 · Insurance
total $0
-
24a · Other expenses: MEALS & ENTERTAINMENT
total $7,592 · management and general $7,592
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $3,906 · management and general $3,906
-
24c · Other expenses: SHOW EXPENSES
total $1,179 · program services $1,179
-
24d · Other expenses: Postage and Shipping
total $890 · program services $437 · management and general $453
-
24e · All other expenses
total $1,824 · program services $611 · management and general $865 · fundraising $348
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $152,329 · end of year $142,608
-
2 · Savings and temporary cash investments
beginning of year $100,654 · end of year $104,039
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
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
end of year $29,427
-
10a · Land, buildings and equipment: cost or other basis
$72,248
-
10b · Land, buildings and equipment: accumulated depreciation
$54,189
-
10c · Land, buildings and equipment, net
beginning of year $3,063 · end of year $18,059
-
11 · Investments: publicly traded securities
beginning of year $4,586,784 · end of year $5,561,571
-
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 $69,725 · end of year $69,725
-
18 · Grants payable
beginning of year $1,241,541 · end of year $1,108,391
-
27 · Net assets without donor restrictions
beginning of year $2,728,243 · end of year $3,875,739
-
28 · Net assets with donor restrictions
beginning of year $942,771 · end of year $941,299
Mission and programs · 2023
Mission
The NCHA Charities Foundation is organized and operated exclusively for charitable purposes as a supporting organization to the National Cutting Horse Association; and is organized and operated to encourage, promote and develop the Cutting Horse as a highly unique and exceptional equine athlete. The Foundation supportS and benefitS NCHA by maintaining scholarship funds, providing crisis funding, developing educational and animal welfare and research programs, and developing programs designed to honor the legendary people and great horses that have shaped our industry and to preserve and tell the stories of the great horses and horsewomen and horsemen of the past to future generations.
-
Education and Promotion of the Sport-The Education Committee shall be responsible for coordinating and assisting with the educational programs and presentations of the Foundation and promotion of the Cutting Horse and the sport of Cutting. Such programs could be Foundation Fund Raising Events, Judging Clinics, Cutting Clinics, Promotional activities at World Equestrian Games and European Championships, and promotion at like equine event through grants.
Expenses $97,000 · Grants $97,000
-
Scholarship-The Scholarship Committee shall provide financial assistance to members of the NCHA. Recipients are selected based on academic achievement, financial need and cutting horse involvement, as well as leadership and communication skills.
Expenses $58,806 · Grants $58,000
-
Horse and Animal Welfare and Research-The Horse and Animal Welfare and Research Committee shall be responsible for the overall health and welfare of the horses and cattle associated with the sport of cutting through the establishment of guidelines for care and monitoring the success of the programs. Through grants, the Foundation will charter research studies with Universities performing a wide range of research related to the health, welfare, and utility of the horse and health and safety of cattle used for competition.
Expenses $2,500 · Grants $2,500
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JAY WINBORN
President
- Total calculated
- $482,027
- From this org
- $0
- From related orgs
- $457,358
- Other
- $24,669
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $457,358 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $24,669 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $482,027 related
-
JULIA BUSWOLD
Executive Dir.
- Total calculated
- $154,472
- From this org
- $147,460
- From related orgs
- $0
- Other
- $7,012
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,460
- Bonus
- not reported
- Other
- not reported
- Deferred
- $7,012
- Nontaxable benefits
- not reported
- Filer's total
- $154,472
-
DENISE WILLIAMS
Treasurer
- Total calculated
- $100,257
- From this org
- $0
- From related orgs
- $100,257
- Other
- $0
- Hours/week
- 1 + 40 related
-
JOEY MILNER
Chairman
- Total calculated
- $0
- Hours/week
- 10
-
FRANK MERRILL
Director
- Total calculated
- $0
- Hours/week
- 10 + 5 related
-
JO ELLARD
Director
- Total calculated
- $0
- Hours/week
- 10 + 5 related
-
CHARLES ISRAEL
Director
- Total calculated
- $0
- Hours/week
- 10
-
DUSTIN EWING
Director
- Total calculated
- $0
- Hours/week
- 10
-
LACHLAN PERKS
Director
- Total calculated
- $0
- Hours/week
- 10 + 5 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. 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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
-
$92,000
CLINIC SUPPORT & VIDEO SERIES
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.
-
NATIONAL CUTTING HORSE ASSOCIATION
501(C)(5) · PROMOTE CUTTING HORSES · TX
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202532279349301783
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