Norco Horse Week
- Assets
- $467.4k
- Revenue
- $598.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Norco, CA
- Founding
- 03/1992
- Data as of
- 10/2023
- EIN
- 31-1284629
Organization Overview
Norco Horse Week is located in Norco, CA. The organization was established in 1992. According to its NTEE Classification (N69) the organization is classified as: Equestrian, 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. Norco Horse Week is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 10/2023, Norco Horse Week generated $598.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $435.8k during the year ending 10/2023. While expenses have increased by 8.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NORCO HORSEWEEK ACTIVITIES INCLUDE A PARADE, DANCE, CHILI COOKOFF, PANCAKE BREAKFAST, RIDES, HORSESHOE CONTEST, SUNDAY SERVICE, QUEEN PAGENT AND RODEO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORCO HORSEWEEK ACTIVITIES INCLUDE A PARADE, DANCE, CHILI COOKOFF, PANCAKE BREAKFAST, RIDES, HORSESHOE CONTEST, SUNDAY SERVICE, QUEEN PAGEANT AND RODEO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joey Holsbaugh President | Officer | 2 | $0 |
Joanne Aikins Secretary | Officer | 2 | $0 |
Jason Miller Vice President | Officer | 2 | $0 |
Bonnie Slager Treasurer | Officer | 2 | $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 | $163,487 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,487 |
| Total Program Service Revenue | $434,771 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $598,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,250 |
| 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 | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,631 |
| Advertising and promotion | $62,190 |
| Office expenses | $697 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $11,171 |
| All other expenses | $60,146 |
| Total functional expenses | $435,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,451 |
| Savings and temporary cash investments | $150,000 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,936 |
| Total assets | $467,387 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $467,387 |
| 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 | $467,387 |
Grants Awarded
Over the last fiscal year, Norco Horse Week has awarded $45,350 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF NORCO | | | $12,500 |
NORCO ANIMAL SHELTER | | | $9,000 |
NORCO FAIR JUNIOR LIVESTOCK | | | $5,300 |
NORCO FFA | | | $8,550 |
SENIOR & PET RELIEF | | | $10,000 |