Harness Horse Youth Foundation
- Assets
- $602.2k
- Revenue
- $165.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Anderson, IN
- Founding
- 03/1977
- Data as of
- 10/2022
- EIN
- 31-0897557
Organization Overview
Harness Horse Youth Foundation is located in Anderson, IN. The organization was established in 1977. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. As of 10/2022, Harness Horse Youth Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harness Horse Youth Foundation 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 10/2022, Harness Horse Youth Foundation generated $165.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $197.7k during the year ending 10/2022. 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 PROVIDE YOUNG PEOPLE AND THEIR FAMILIES INFORMATION AND EXPERIENCES WITH HARNESS HORSES IN ORDER TO FOSTER THE NEXT GENERATION OF FANS AND PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING HIGHER EDUCATION AND SUPPLY AWARDS TO YOUNG PEOPLE PARTICIPATING IN YOUTH PROGRAMS, BOTH EQUINE AND GENERAL. ONE SCHOLARSHIP WAS AWARDED IN THIS FISCAL YEAR.
CO SPONSOR DAY AND SUMMER CAMPS FOR YOUNG PEOPLE TO OBTAIN HANDS ON EXPERIENCE WITH HORSES. EVENTS ARE GEARED TO PROVIDE INTENSE LEARNING OPPORTUNITIES ABOUT GENERAL HORSE CARE AND SPECIFIC DIFFERENCES BETWEEN RACE AND PLEASURE HORSES.
DISTRIBUTE EDUCATIONAL HARNESS RACING LITERATURE TO ORGANIZATIONS, INDIVIDUALS, TRADE SHOWS AND CONFERENCES. DEVELOP, PRODUCE AND DISTRIBUTE VIDEOS, BOOKLETS, AND OTHER PRINTED LITERATURE ABOUT EQUINE AND HARNESS RACING CAREERS.
PLAN, COORDINATE, ORGANIZE, ADMINISTER AND DISPERSE DETAILS RELATING TO ALL PHASES OF EDUCATION PROGRAMS (CAMPS, SCHOLARSHIPS, CAREERS, PRINTED MATERIALS, ETC.) TO APPROPRIATE PERSONS AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne D'ambrose Secretary | OfficerTrustee | $0 | |
Caroline Vazquez Vice Preside | OfficerTrustee | $0 | |
Allison Conte President | OfficerTrustee | $0 | |
Tara Ellen Taylor Director | Officer | $0 | |
Ron Battoni Trustee | Trustee | $0 | |
Corey Callahan Trustee | Trustee | $0 |
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 | $133,129 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,129 |
| Total Program Service Revenue | $19,731 |
| Investment income | $9,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,436 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,500 |
| 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 | $41,738 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,704 |
| Payroll taxes | $4,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,386 |
| Fees for services: Other | $11,401 |
| Advertising and promotion | $22,076 |
| Office expenses | $16,120 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $29,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $340 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,997 |
| Insurance | $5,924 |
| All other expenses | $2,083 |
| Total functional expenses | $197,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,611 |
| Savings and temporary cash investments | $168,200 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,838 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,029 |
| Investments—publicly traded securities | $296,479 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $602,157 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $7,055 |
| Total liabilities | $7,055 |
| Net assets without donor restrictions | $562,483 |
| Net assets with donor restrictions | $32,619 |
| 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 | $602,157 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Harness Horse Youth Foundation has recieved totaling $20,071.
| Awarding Organization | Amount |
|---|---|
Meadows Standardbred Owners Association Meadow Lands, PA PURPOSE: OPERATIONS | $10,000 |
United States Trotting Association Westerville, OH PURPOSE: PROMOTION OF THE SPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $71 |
Endowment Analysis
| Beg. Balance | $320,484 |
| Earnings | $26,281 |
| Admin Expense | $3,386 |
| Ending Balance | $343,210 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Ffa Foundation Inc Indianapolis, IN | $38,626,743 | $19,100,254 |
Future Farmers Of America State Associations & Local Chapter Indianapolis, IN | $26,115,765 | $17,713,634 |
Agriculture Future Of America Inc Kansas City, MO | $7,045,958 | $4,172,878 |
Elkhart County 4-H & Agricultural Exposition Inc Goshen, IN | $7,107,983 | $3,990,918 |
Porter County Agricultural Society Inc Valparaiso, IN | $2,525,622 | $2,666,115 |
Racine County Agricultural Society Inc Union Grove, WI | $3,072,798 | $1,782,527 |
The Indiana Ffa Foundation Inc Trafalgar, IN | $2,341,467 | $1,490,972 |
Kentucky Future Farmers Of America Foundation Inc Flemingsburg, KY | $6,579,949 | $1,581,838 |
Trustees Of Purdue University Lebanon, IN | $4,869,767 | $1,092,571 |
Indiana 4-H Foundation West Lafayette, IN | $5,073,273 | $1,066,480 |
Future Farmers Of America Jefferson City, MO | $1,360,081 | $872,920 |
Trustees Of Purdue University Danville, IN | $1,448,755 | $912,967 |