Dressage Foundation Inc
- Assets
- $6.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Lincoln, NE
- Founding
- 08/1994
- Data as of
- 12/2023
- EIN
- 36-3670953
Organization Overview
Dressage Foundation Inc is located in Lincoln, NE. The organization was established in 1994. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Dressage Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dressage Foundation Inc 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 12/2023, Dressage Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $735.9k during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 9 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
TO CULTIVATE AND PROVIDE FINANCIAL SUPPORT FOR THE ADVANCEMENT OF DRESSAGE IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDS GRANTS ACCORDING TO NEED AS WELL AS EXCELLENCE IN PERFORMANCE IN CLASSICAL DRESSAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Baumert President & CEO | OfficerTrustee | 1 | $0 |
Maryal Barnett Chair | OfficerTrustee | 1 | $0 |
Lendon Gray Vice Chair | OfficerTrustee | 1 | $0 |
Fern Feldman Secretary | OfficerTrustee | 1 | $0 |
Ryan Shumacher Treasurer | OfficerTrustee | 1 | $0 |
Nancy Hutson Vice President | OfficerTrustee | 1 | $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 | $977,757 |
| Noncash contributions included in lines 1a–1f | $58,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $977,757 |
| Total Program Service Revenue | $0 |
| Investment income | $132,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $138,981 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,249,269 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,209 |
| Grants and other assistance to domestic individuals. | $224,291 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,255 |
| Compensation of current officers, directors, key employees. | $11,126 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,580 |
| Payroll taxes | $15,103 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,236 |
| Fees for services: Accounting | $33,286 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,251 |
| Fees for services: Other | $30,582 |
| Advertising and promotion | $1,643 |
| Office expenses | $22,077 |
| Information technology | $8,120 |
| Royalties | $0 |
| Occupancy | $10,474 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,390 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,367 |
| Insurance | $4,993 |
| All other expenses | $2,742 |
| Total functional expenses | $735,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,651 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $254,139 |
| 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 | $2,720 |
| Net Land, buildings, and equipment | $122,877 |
| Investments—publicly traded securities | $6,134,151 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,590,538 |
| Accounts payable and accrued expenses | $8,459 |
| Grants payable | $87,708 |
| 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 | $96,167 |
| Net assets without donor restrictions | $1,433,510 |
| Net assets with donor restrictions | $5,060,861 |
| 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 | $6,590,538 |
Grants Awarded
Over the last fiscal year, Dressage Foundation Inc has awarded $22,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED STATES DRESSAGE FEDERATION PURPOSE: PROVIDE FUNDING SUPPORT FOR USDF EDUCATIONAL PROGRAMS. | $15,600 |
UNITED STATES EQUESTRIAN FEDERATION PURPOSE: PROVIDE FUNDING SUPPORT FOR USEF EDUCATIONAL PROGRAMS | $7,000 |