Silver Bullet Saddle Club
- Assets
- $193.4k
- Revenue
- $210.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Clearwater, MN
- Founding
- 09/1993
- Data as of
- 12/2021
- EIN
- 41-1457524
Organization Overview
Silver Bullet Saddle Club is located in Clearwater, MN. The organization was established in 1993. 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. Silver Bullet Saddle Club 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 12/2021, Silver Bullet Saddle Club generated $210.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $192.3k during the year ending 12/2021. While expenses have increased by 30.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO GATHER PEOPLE TOGETHER WITH A MUTUAL INTEREST IN HORSES AND TO EDUCATE OUR MEMBERSHIP AND THE GENERAL PUBLIC IN THE TRAINING, MAINTENANCE, HEALTH CARE, SHOWMANSHIP, FEEDING AND PLEASURES OF PROPER CARE AND HANDLING OF HORSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HORSE SHOWS - OVER 100 INDIVIDUALS ATTENDED AND OR PARTICIPATED IN THE HORSE SHOWS WITH DIFFERENT LEVELS AND ACTIVITIES BEING TAUGHT AND JUDGED WITH THE HELP OF OVER 15 VOLUNTEERS
RODEO - OVER 13,500 INDIVIDUALS ATTENDED THE THREE DAY EVENT AND HUNDREDS MORE SUPPORTED OR PARTICIPATED IN THE RODEO INCLUDING OVER 70 VOLUNTEERS
TRAIL RIDES AND PARADES - OVER 20 PARTICIPATED IN AND VOLUNTEERED IN THE TRAIL RIDES. 39 VOLUNTEERS PARTICIPATED IN THE THREE DIFFERENT PARADES FOR AN UNKNOWN AMOUNT OF PEOPLE IN ATTENDANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Scott President | OfficerTrustee | 5 | $0 |
Kari Wrobel Secretary | OfficerTrustee | 8 | $0 |
Jesse Andreoff Vice President | OfficerTrustee | 5 | $0 |
Jim Heaton Board Member | Trustee | 4 | $0 |
Ben Podvin Board Member | Trustee | 4 | $0 |
Russ Pekarek Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $855 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,255 |
| Total Program Service Revenue | $192,394 |
| Investment income | $172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,480 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,653 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,081 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $320 |
| Office expenses | $1,911 |
| Information technology | $168 |
| Royalties | $0 |
| Occupancy | $27,331 |
| 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 | $34,465 |
| Insurance | $9,636 |
| All other expenses | $116,794 |
| Total functional expenses | $192,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,222 |
| Savings and temporary cash investments | $98,810 |
| 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 | $90,372 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $193,404 |
| 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 | $36,618 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $36,618 |
| Net assets without donor restrictions | $126,086 |
| Net assets with donor restrictions | $30,700 |
| 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 | $193,404 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Silver Bullet Saddle Club has recieved totaling $400.
| Awarding Organization | Amount |
|---|---|
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity Equestrian Center Kids Kamp Inc Eau Claire, WI | $520,344 | $2,050,754 |
Fort Madison Rodeo Corporation Fort Madison, IA | $1,926,637 | $1,322,191 |
We Can Ride Inc Maple Plain, MN | $568,560 | $706,700 |
Iowa Quarter Horse Association Delta, IA | $566,832 | $581,039 |
Special Methods In Learning Equine Skills Inc Darien, WI | $1,040,733 | $483,328 |
Spooner Rodeo Committee Inc Spooner, WI | $187,474 | $439,420 |
Three Gaits Inc Stoughton, WI | $350,661 | $372,937 |
Handi Riders Inc Sioux Falls, SD | $208,076 | $316,417 |
Heavens Gait Ranch Inc Cedar Grove, WI | $1,589,842 | $1,454,564 |
Killdeer Saddle Club Killdeer, ND | $1,525,623 | $432,250 |
Roughrider Rodeo Association Of North Dakota Inc Sawyer, ND | $109,020 | $231,996 |
North Dakota Quarter Horse Association Lake Park, MN | $64,543 | $0 |