United Professional Horsemens Foundation
- Assets
- $2.7m
- Revenue
- $919.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Lexington, KY
- Founding
- 06/1981
- Data as of
- 12/2022
- EIN
- 31-1014204
Organization Overview
United Professional Horsemens Foundation is located in Lexington, KY. The organization was established in 1981. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, United Professional Horsemens Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Professional Horsemens 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 12/2022, United Professional Horsemens Foundation generated $919.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $613.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, United Professional Horsemens Foundation has awarded 17 individual grants totaling $1,305,490. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCTING ACTIVITIES FOR EDUCATION OF THE PUBLIC IN GENERAL HORSEMANSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPHA RIBBONS OF SERVICE - SADDLESEAT EQUITATION RIDERS COMPETE WITH EACH OTHER TO RAISE FUNDS FOR AN APPROVED CHARITY. THE PROGRAM REQUIRES THE EQUITATION RIDERS TO COMMIT A DESIGNATED NUMBER OF HOURS TO THEIR CHOSEN CHARITY AND TO HELP RAISE AWARENESS AND FUNDS.
AMERICAN ROYAL PROGRAM - THE UPHA FOUNDATION AND THE AMERICAN ROYAL FOUNDATION PARTNER FOR THE UPHA AMERICAN ROYAL NATIONAL CHAMPIONSHIP HORSE SHOW HELD ANNUALLY IN NOVEMBER AT THE AMERICAN ROYAL COMPLEX/HALE ARENA IN KANSAS CITY, MISSOURI, TO ENCOURAGE AND PROMOTE HORSE SHOWS, STIMULATE INTEREST IN AND AWARENESS OF THE GENERAL PUBLIC IN HORSE SHOWS AND EFFECT A BETTER UNDERSTANDING AMONG ASSOCIATIONS HOLDING EXHIBITIONS OF HORSES, TO PROMOTE AND ADVANCE PARTICIPATION IN EQUESTRIAN ACTIVITIES AND INCREASE AWARENESS OF EQUESTRIAN SPORT.
PROGRAM SUPPORT - THE UPHA ANALYZES AND EVALUATES THE NEEDS OTHER ORGANIZATIONS DEDICATED TO PROVIDING EDUCATION AND SCIENCE PROGRAMS IN EQUESTRIAN FIELDS. IN THE EVENT THAT THESE ORGANIZATIONS MEET CERTAIN REQUIREMENTS, THE BOARD OF DIRECTORS WILL APPROVE CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Taylor Director At Large | Trustee | 5 | $0 |
Cindy Mugnier President | OfficerTrustee | 5 | $0 |
Gary Garone Director At Large | Trustee | 5 | $0 |
Paul Boone Second Vice President | OfficerTrustee | 5 | $0 |
Nancy Becker Director Of Fundraising | Trustee | 5 | $84,079 |
Jimmy Robertson First Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $247,244 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,262 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $558,506 |
| Total Program Service Revenue | $248,456 |
| Investment income | $68,631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$24,541 |
| Net Income from Gaming Activities | $3,192 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $919,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $171,356 |
| Grants and other assistance to domestic individuals. | $30,865 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $184,536 |
| Compensation of current officers, directors, key employees. | $27,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,503 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $13,590 |
| Advertising and promotion | $0 |
| Office expenses | $13,076 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,586 |
| Travel | $2,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,322 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,821 |
| All other expenses | $10,352 |
| Total functional expenses | $613,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $917,645 |
| Savings and temporary cash investments | $225,525 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,370,008 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $194,020 |
| Total assets | $2,707,198 |
| Accounts payable and accrued expenses | $4,645 |
| 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 | $27,994 |
| Total liabilities | $32,639 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,015,330 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,659,229 |
| Total liabilities and net assets/fund balances | $2,707,198 |
Grants Awarded
Over the last fiscal year, United Professional Horsemens Foundation has awarded $162,235 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SADDLEBRED HORSE ASSOCIATION PURPOSE: HORSEMEN'S RELIEF | $10,000 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: GENERAL SUPPORT | $93,236 |
UPHA MEMBERSHIP ORGANIZATION INC PURPOSE: SUPPORTING CONTRIBUTION | $58,999 |