Indiana Horse Council Inc
- Assets
- $29.1k
- Revenue
- -$151.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Avon, IN
- Founding
- 07/1980
- Data as of
- 12/2018
- EIN
- 31-0984876
Organization Overview
Indiana Horse Council Inc is located in Avon, IN. The organization was established in 1980. According to its NTEE Classification (D03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Horse Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2018, Indiana Horse Council Inc generated -$151.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $14.5k during the year ending 12/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF EQUINE INDUSTRY IN INDIANA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROTECTS, PROMOTES, AND PRESERVES THE INTERESTS AND ACTIVITIES WITHIN THE INDIANA EQUINE INDUSTRY IN AREAS OF EDUCATION, LEGISLATION, PROMOTION, AND PHILANTHROPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victorial Hill Vice President | Officer | 0 | $0 |
Frances Jordan Secretary | Officer | 0 | $0 |
Annette Pitcher Treasurer | Officer | 2 | $0 |
Mike Gerrish President | Officer | 2 | $0 |
Lynn Reed Director | Trustee | 0 | $0 |
Daniel Elliott Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,650 |
| Fundraising events | $10,150 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $359 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,159 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$169,053 |
| Net Income from Gaming Activities | $60 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$151,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,242 |
| 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. | $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 | $200 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $288 |
| Information technology | $289 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,140 |
| All other expenses | $0 |
| Total functional expenses | $14,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,009 |
| Savings and temporary cash investments | $302 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,168 |
| 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 | $2,596 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,075 |
| Accounts payable and accrued expenses | $142,673 |
| 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 | $20,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $15,000 |
| Other liabilities | $0 |
| Total liabilities | $177,673 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$148,598 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fass Inc Champaign, IL | $2,738,049 | $2,334,774 |
American Saddlebred Horse Association Inc Lexington, KY | $2,691,444 | $1,823,861 |
Bearing Specialists Association Glen Ellyn, IL | $444,792 | $1,248,054 |
Wisconsin State Horse Council Incorporated Columbus, WI | $2,198,959 | $1,909,508 |
American College Of Veterinary Pathologists Chicago, IL | $6,357,168 | $4,214,506 |
Animal Behavior Society Inc Glenview, IL | $2,680,141 | $618,698 |
Illinois State Veterinary Medical Association Springfield, IL | $1,296,779 | $730,828 |
North American Equine Ranching Information Council Inc Louisville, KY | $1,506,129 | $900,964 |
Wisconsin Veterinary Medical Association Madison, WI | $1,657,355 | $809,167 |
American Black Hereford Assoc Inc Jefferson City, MO | $258,791 | $632,944 |
International Slurry Seal Association Glen Ellyn, IL | $1,542,530 | $445,429 |
Bernese Mountain Dog Club Of America Anderson, IN | $412,958 | $376,060 |