National Reining Horse Association
- Assets
- $12.4m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 50
- Location
- Oklahoma City, OK
- Founding
- 08/2000
- Data as of
- 06/2022
- EIN
- 31-0826605
Organization Overview
National Reining Horse Association is located in Oklahoma City, OK. The organization was established in 2000. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2022, National Reining Horse Association employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Reining Horse Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2022, National Reining Horse Association generated $12.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $11.9m during the year ending 06/2022. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENCOURAGE PUBLIC INTEREST IN AGRICULTURAL AND RANCHING ACTIVITIES THROUGH THE EXHIBITION OF THE REINING HORSE AND RELATED PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Carpenter Executive Director | Officer | 50 | $271,651 |
John Foy Chief Financial Officer | Officer | 50 | $194,405 |
Ann Salmon Anderman Exec. Comm. Member & Director | Trustee | 2 | $8,038 |
Drake Johnson Director | Trustee | 1 | $5,625 |
Ed Bricker Director | Trustee | 1 | $4,965 |
Rick Clark President | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Jockey Club Technology Club Ser Software Dev./sup. | 6/29/22 | $171,169 |
Eventures Inc Decorating/rentals | 6/29/22 | $186,648 |
Pro Management Show Admn/mgmt/mktg | 6/29/22 | $358,475 |
Mcc Magazines Llc Publishing/consult. | 6/29/22 | $302,463 |
Heritage Place Inc Auction Prod/consult | 6/29/22 | $137,751 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,680 |
| Noncash contributions included in lines 1a–1f | $71,680 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,680 |
| Total Program Service Revenue | $10,915,739 |
| Investment income | $1,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $988,350 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,218 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $215,111 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,210,710 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $544,354 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $600 |
| Other salaries and wages | $1,142,481 |
| Pension plan accruals and contributions | $23,335 |
| Other employee benefits | $169,805 |
| Payroll taxes | $129,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,958 |
| Fees for services: Accounting | $59,261 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,487,911 |
| Advertising and promotion | $29,768 |
| Office expenses | $450,840 |
| Information technology | $93,620 |
| Royalties | $0 |
| Occupancy | $214,655 |
| Travel | $458,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,474 |
| Interest | $3,724 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $226,541 |
| Insurance | $62,979 |
| All other expenses | $221,064 |
| Total functional expenses | $11,939,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,310,030 |
| Savings and temporary cash investments | $1,941,874 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $663,056 |
| 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 | $843,610 |
| Net Land, buildings, and equipment | $1,600,249 |
| Investments—publicly traded securities | $1,839 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,360,658 |
| Accounts payable and accrued expenses | $5,711,918 |
| Grants payable | $0 |
| Deferred revenue | $2,730,754 |
| 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 | $7,584 |
| Total liabilities | $8,450,256 |
| Net assets without donor restrictions | $3,910,402 |
| Net assets with donor restrictions | $0 |
| 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 | $12,360,658 |