Gaines County Riding Club
- Assets
- $48.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seminole, TX
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 45-4695643
Organization Overview
Gaines County Riding Club is located in Seminole, TX. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gaines County Riding Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Gaines County Riding Club generated $20.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $10.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (28.5%) per year over the past 5 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
PROVIDE A FAMILY ORIENTED ATMOSPHERE TO RAISE COLLEGE SCHOLARSHIP FUNDS FOR STUDENTS THROUGH THE USE OF RODEO AND RIDING EVENTS. SIX 1000 SCHOLARSHIPS WERE PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Knelsen Vice Preside | 0 | $0 | |
Jay Jenkins Director | 0 | $0 | |
Monty Cagle Treasurer | 2 | $0 | |
Randy Knelsen Director | 0 | $0 | |
Butch Williams President | 2 | $0 | |
Savannah Pinson Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $20,819 |
| Other Revenue | $0 |
| Total Revenue | $20,819 |
| 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 | $2,485 |
| Total expenses | $9,985 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,585 |
| Other assets | $0 |
| Total assets | $48,585 |
| Total liabilities | $0 |
| Net assets or fund balances | $48,585 |
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