Minnesota Palomino Horse Exhibitors Association
- Assets
- $33.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Prior Lake, MN
- Founding
- 11/1994
- Data as of
- 12/2021
- EIN
- 41-1779174
Organization Overview
Minnesota Palomino Horse Exhibitors Association is located in Prior Lake, MN. 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. This organization is the central organization for a national or regional group of organizations. Minnesota Palomino Horse Exhibitors Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Minnesota Palomino Horse Exhibitors Association generated $36.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $41.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION SPONSORS SHOWS, HOST FUTURIES AND CLASSES THAT PROMOTE AND IMPROVES THE QUALITY OF THE PALOMINO HORSE BREED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alisa Wold Treasurer | 1 | $0 | |
David Remus President | 1 | $0 | |
Donna Magin Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $567 |
| Total Program Service Revenue | $36,214 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $36,781 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $41,234 |
| Total expenses | $41,234 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,708 |
| Other assets | $0 |
| Total assets | $33,708 |
| Total liabilities | $0 |
| Net assets or fund balances | $33,708 |
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 |