Steel Horse Rally Inc
- Assets
- $66.4k
- Revenue
- $134.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Smith, AR
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 47-1158481
Organization Overview
Steel Horse Rally Inc is located in Fort Smith, AR. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steel Horse Rally 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 12/2021, Steel Horse Rally Inc generated $134.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $99.6k during the year ending 12/2021. While expenses have increased by 11.7% 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
RAISE FUNDING FOR LOCAL FORT SMITH, AR CHARITIES THT WILL ASSIST AND BENEFIT CHILDREN AND THEIR FAMILIES, VETERANS, AND THE DOWNTOWN FORT SMITH, AR AREA. SPONSOR A MOTORCYCLE RALLY IN FORT SMITH, AR TO RAISE FUNDS FOR LOCAL CHARITIES AND PROMOTE TOURISM AND VISITORS TO THE FORT SMITH, AR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MOTORCYCLE RALLY HELD IN FORT SMITH, AR , TYPICALLY GENERATING AN ESTIMATED ATTENDANCE AMOUNT OF AROUND 80,000 PARTICIPANTS. THE EVENT HELPS FUND GRANTS THAT ARE GIVEN OUT TO LOCAL CHARITIES FROM THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Snow Little President | OfficerTrustee | 40 | $60,873 |
Karen Snow Little Secretary | OfficerTrustee | 25 | $0 |
Nathan Bolton Treasurer | OfficerTrustee | 1 | $0 |
Orval Smith Vice President | OfficerTrustee | 1 | $0 |
Jennifer Seaton-Rambo Director | Trustee | 1 | $0 |
Wes Milam Director | Trustee | 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 | $7,682 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,682 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $127,014 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $60,873 |
| Compensation of current officers, directors, key employees. | $9,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,640 |
| Office expenses | $3,584 |
| 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 | $0 |
| Insurance | $2,354 |
| All other expenses | $0 |
| Total functional expenses | $99,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,805 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,644 |
| Total assets | $66,449 |
| 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 | $11,547 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,978 |
| Total liabilities | $16,525 |
| Net assets without donor restrictions | $49,924 |
| Net assets with donor restrictions | $0 |
| 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 | $66,449 |
Grants Awarded
Over the last fiscal year, Steel Horse Rally Inc has awarded $20,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Smith, AR PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
Fort Smith, AR PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
Fort Smith, AR PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
Fort Smith, AR PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Steel Horse Rally Inc has recieved totaling $76.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $76 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Oklahoma Regional Disposal Inc Ardmore, OK | $26,583,430 | $8,747,101 |
Refuge For Dmst Austin, TX | $8,762,673 | $5,480,979 |
Journey To New Life Inc Kansas City, MO | $2,130,182 | $5,937,979 |
Tom And Judy Love Foundation Oklahoma City, OK | $25,645,050 | $2,597,711 |
City Leadership Memphis, TN | $971,651 | $2,281,732 |
Mayors Institute For Excellence In Government Inc Memphis, TN | $2,089,884 | $1,547,507 |
Virginia Clay Dorman Foundation Fort Worth, TX | $16,953,466 | $1,907,233 |
Linda Hall Library Foundation Kansas City, MO | $2,032,443 | $752,725 |
Century Harvest Farms Foundation Greenback, TN | $716,364 | $755,091 |
Pelican Center For Children And Families Zachary, LA | $477,827 | $955,905 |
Arkansas Justice Collective Springdale, AR | $465,540 | $883,809 |
Gateway Center For The Performing Arts Association Webster Groves, MO | $59,726 | $624,462 |