Ushja Foundation Inc
- Assets
- $2.0m
- Revenue
- $380.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 08/2009
- Data as of
- 11/2023
- EIN
- 26-2472549
Organization Overview
Ushja Foundation Inc is located in Lexington, KY. The organization was established in 2009. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ushja Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2023, Ushja Foundation Inc generated $380.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $220.3k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE USHJA FOUNDATION ADVANCES THE EDUCATIONAL, HUMANITARIAN AND COMPETITIVE PROGRAMS OF THE USHJA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF USHJA PROGRAMS - THE FOUNDATION PROVIDES SUPPORT FOR VARIOUS UNITED STATES HUNTER JUMPER ASSOCIATION, INC.'S PROGRAMS, INCLUDING, BUT NOT LIMITED TO THE HORSEMANSHIP QUIZ CHALLENGE, THE WHEELER MUSEUM, HORSEMANSHIP CLINICS, AND OTHER USHJA PROGRAMS. THE FOUNDATION ALSO ACTS AS THE CHARITABLE ARM OF THE ASSOCIATION, AND RAISES FUNDS TO SUPPORT USHJA PROGRAMS. IN FY 23, THE FOUNDATION RAISED FUNDS FOR THE FOLLOWING ASSOCIATION PROGRAMS, THE WORLD CHAMPION HUNTER RIDER PROGRAM, SALLIE B WHEELER HUNTER BREEDING CHAMPIONSHIPS, THE EMERGING JUMPER RIDER PROGRAM, YOUNG HUNTER PONY CHAMPIONSHIPS, USEF PONY FINALS CLINICS, USHJA AWARDS, AND THE USEF YOUTH SPORTSMAN AWARD.
SCHOLARSHIPS, GRANTS, & CONTRIBUTIONS - THE USHJA FOUNDATION HAS MULTIPLE SCHOLARSHIPS AND GRANTS AVAILABLE TO USHJA MEMBERS ANNUALLY. THE HAMEL SCHOLARSHIP FOR FURTHER EDUCATION IS DESIGNED TO ENCOURAGE FURTHER EDUCATION AMONG EQUESTRIANS AND WILL AWARD UP TO 25K TO UP TO THREE USHJA MEMBERS ANNUALLY FOR COLLEGE, GRADUATE, TRADE OR PROFESSIONAL SCHOOL. THE GOCHMAN FAMILY GRANT FOR THE US PONY FINALS OFFERS UP TO THREE ANNUAL GRANTS TO YOUNG RIDERS TO AFFORD THEM THE OPPORTUNITY TO COMPETE IN THE US PONY FINALS. ZONE SCHOLARSHIPS - FUNDS ARE RAISED BY MEMBERS OF REGIONAL ZONES AND AWARDED AS EDUCATIONAL SCHOLARSHIPS TO ZONE MEMBERS. THE JT TALLON MEMORIAL EQUITATION GRANT IS AWARDED TO JUNIOR USHJA MEMBERS WITH LIMITED FINANCIAL RESOURCES WHO HAVE QUALIFIED FOR A NATIONAL EQUITATION FINAL ARE PROVIDED THE SUPPORT THEY NEED TO ATTEND. THE CHUCK KELLER GRANT FOR EQUESTRIAN EXCELLENCE IS AWARDED ANNUALLY TO ONE USHJA EMERGING ATHLETES NATIONAL TRAINING SESSION PARTICIPANT FOR THE PURPOSE OF FURTHERING THEIR EQUESTRIAN TRAINING IN PURSUIT OF EQUESTRIAN EXCELLENCE. THE NAOMI BLUMENTHAL MEMORIAL TRAINING GRANT PROVIDES FINANCIAL SUPPORT FOR EQUESTRIANS WISHING TO CONTINUE THEIR EQUESTRIAN EDUCATION. THE SUNNY STEVENS STABLE MANAGER AWARD IS AWARDED ANNUALLY TO ONE USHJA EMERGING ATHLETES NATIONAL TRAINING SESSION STABLE MANAGER PARTICIPANT FOR THE PURPOSE OF FURTHER EDUCATION.
HORSEMAN ASSISTANCE GRANTS -THE HORSEMAN'S ASSISTANCE FUND WAS ESTABLISHED TO PROVIDE EMERGENCY FINANCIAL SUPPORT TO INDIVIDUALS WHO REQUIRE ASSISTANCE AS A RESULT OF ACCIDENT OR ILLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Babick Former Chair | OfficerTrustee | 4 | $0 |
John Bahret Treasurer | OfficerTrustee | 2 | $0 |
Lisa Hankin Director | Trustee | 1 | $0 |
Britt Mccormick Current Chai | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $208,584 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,549 |
| Noncash contributions included in lines 1a–1f | $46,935 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,133 |
| Total Program Service Revenue | $0 |
| Investment income | $48,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $780 |
| Net Income from Fundraising Events | -$37,320 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $380,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $77,091 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,567 |
| Advertising and promotion | $0 |
| Office expenses | $1,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $142 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,522 |
| All other expenses | $1,461 |
| Total functional expenses | $220,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,582 |
| Savings and temporary cash investments | $616,305 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $499 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,277,573 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,990,109 |
| Accounts payable and accrued expenses | $13,839 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,756 |
| Total liabilities | $55,095 |
| Net assets without donor restrictions | $1,739,124 |
| Net assets with donor restrictions | $195,890 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,990,109 |