Dead Broke Saddle Club Inc is located in Hugo, MN. The organization was established in 1997. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Dead Broke Saddle Club Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dead Broke Saddle Club Inc 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 12/2021, Dead Broke Saddle Club Inc generated $42.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $18.3k during the year ending 12/2021. 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
PROMOTE EQUESTRIAN ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT AND PROMOTE EQUESTRIAN ACTIVITIES FOR YOUTH IN THE COMMUNITY. THE ORGANIZATION ALSO SUPPORTS PROGRAMS THAT INTRODUCE DISADVANTAGED CHILDREN TO HORSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Larson Director - G | Trustee | 35 | $34,421 |
Holly Tuckner President | Officer | 10 | $7,800 |
Bill Ramberg Director | Trustee | 4 | $3,000 |
Rachel Stahura Treasurer | Officer | 3 | $0 |
Tom Schaffhausen Vice Preside | Officer | 5 | $0 |
Jessica Flanigan Secretary | Officer | 3 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $21,706 |
Investment income | $14 |
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 | $20,507 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $42,227 |
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 | $7,200 |
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 | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
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 | $5,052 |
Insurance | $527 |
All other expenses | $242 |
Total functional expenses | $18,259 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $146,495 |
Savings and temporary cash investments | $67,548 |
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 | $16,514 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $14,734 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $245,291 |
Accounts payable and accrued expenses | $17,066 |
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 | $17,066 |
Net assets without donor restrictions | $116,427 |
Net assets with donor restrictions | $111,798 |
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 | $245,291 |
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 |