Tryon Riding & Hunt Club Inc
- Assets
- $245.3k
- Revenue
- $237.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Tryon, NC
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 56-0706005
Organization Overview
Tryon Riding & Hunt Club Inc is located in Tryon, NC. The organization was established in 2007. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Tryon Riding & Hunt Club Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tryon Riding & Hunt Club 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, Tryon Riding & Hunt Club Inc generated $237.1k 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 (8.9%) each year. All expenses for the organization totaled $203.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 7 years. 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 ENCOURAGE, SUPPORT AND PROMOTE ALL TYPES OF HORSE ACTIVITIES WHICH WILL ENHANCE THE EQUESTRIAN TRADITION OF THE TRYON AREA THROUGH PROGRAMS OF EDUCATION, DEMONSTRATIONS OF HORSE SKILLS AND COOPERATION WITH ALLIED PROGRAMS OF NATURE CONSERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRYON RIDING & HUNT CLUB HORSE TRIALS CONTINUES A LOCAL TRADITION OF OFFERING AN EVENTING EXPERIENCE FOR COMPETITORS OF ALL CAPABILITY AND EXPERIENCE LEVELS. WE PARTNER WITH LOCAL EXPERTS IN THE VARIOUS DISCIPLINES TO CREATE BOTH A COMPETITIVE AND EDUCATIONAL EXPERIENCE FOR PARTICIPANTS AT A PROFESSIONAL VENUE MAINTAINED BY A LOCAL NON-PROFIT ORGANIZATION. THE EVENT IS CONDUCTED OVER THREE DAYS ON PORPERTY WHICH IS UNDER CONSERVATION EASTMENT. FEES AND DONATIONS PROVIDED AS A PART OF THIS EVENT ARE USED TO SUPPORT THE NON-PROFIT, AS WELL AS OTHER LOCAL ORGANIZATIONS.
THE HORSE COUNTRY QUARTERLY IS PUBLISHED FOUR TIMES PER YEAR AND SENT TO TRHC MEMBERS AS WELL AS MADE AVAILABLE TO HORSE LOVERS THROUGHOUT THE COMMUNITY. IT SHOWCASES TRHC HORSE-RELATED AND COMMUNITY EVENTS, TRHC PHILANTHROPIC OUTREACH, AND SCHOLARSHIP PROGRAMS THAT SUPPORT COLLEGE-BOUND STUDENTS AND STUDENTS PURSUING EQUINE CAREERS. IT STRIVES TO PRESERVE A RESPECT FOR LOCAL TRADITIONS WHILE ADAPTING TO CHANGE IN A HORSE-LOVING COMMUNITY.
THE TRYON RIDING & HUNT CLUBS HERITAGE CHARITY HORSE SHOW WILL RUN FOR ITS 92ND YEAR IN 2019 AND WILL BE AWARDED THE UNITED STATES EQUESTRIAN FEDERATIONS HERITAGE AWARD. THE TRHC CHARITY SHOW IS ONLY THE 27TH SHOW IN THE COUNTRY TO RECEIVE THIS HONOR AS A HISTORICAL SHOW WITH MANY YEARS OF OPERATION. THE SHOW RUNS FOR FIVE DAYS WITH A VARIETY OF JUMPER AND HUNTER DIVISIONS IN MULTIPLE RINGS AT THE TRYON INTERNATIONAL EQUESTRIAN CENTER. TRHC TYPICALLY AWARDS A NUMBER OF PERMANENT TROPHIES EACH YEAR ACROSS AT LEAST A DOZEN DIVISIONS. THE CLUB ALSO HOSTS A CELEBRATORY DINNER ON FRIDAY NIGHT AND A NUMBER OF OTHER SOCIAL EVENTS. TRHC TYPICALLY DOES NOT REALIZE ANY FINANCIAL BENEFITS FROM THIS EVENT BUT CONSIDERS THIS EVENT A GENEROUS GIFT TO THE LOCAL AND NATIONAL COMPETITORS WHO COMPETE AS WELL AS THE MANY FANS WHO COME OUT TO SUPPORT THE SHOW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Holden Secretary | Officer | 1 | $0 |
Richard T Lynch President | Officer | 10 | $0 |
Holiday Burke Treasurer | Officer | 3 | $0 |
Angela Millon Vice President | Officer | 4 | $0 |
Jamie Dunn Director | Trustee | 1 | $0 |
Betsy Pack Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,267 |
| Fundraising events | $4,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,902 |
| Noncash contributions included in lines 1a–1f | $3,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,169 |
| Total Program Service Revenue | $209,610 |
| Investment income | $5 |
| 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 | $0 |
| Net Income from Sales of Inventory | $100 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,250 |
| 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 | $20,146 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,038 |
| Fees for services: Accounting | $9,752 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,707 |
| Advertising and promotion | $23,461 |
| Office expenses | $1,544 |
| Information technology | $6,031 |
| Royalties | $0 |
| Occupancy | $18,400 |
| 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 | $1,525 |
| Insurance | $1,966 |
| All other expenses | $49,222 |
| Total functional expenses | $203,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $204,974 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,258 |
| 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 | $3,402 |
| Net Land, buildings, and equipment | $5,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $245,319 |
| Accounts payable and accrued expenses | $13,151 |
| 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 | $13,151 |
| Net assets without donor restrictions | $232,168 |
| 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 | $245,319 |
Grants Awarded
Over the last fiscal year, Tryon Riding & Hunt Club Inc has awarded $15,040 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Tryon, NC PURPOSE: DONATION TO CONTINUE NON-PROFIT MISSION | $9,040 |
Columbus, NC PURPOSE: DONATION TO CONTINUE NON-PROFIT MISSION | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Landings Club Inc Savannah, GA | $76,235,389 | $43,044,375 |
Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
Bellehaven Country Club Inc Alexandria, VA | $40,402,944 | $17,085,559 |
North Ridge Country Club Inc Raleigh, NC | $21,783,792 | $13,220,578 |
George Walton Academy Inc Monroe, GA | $18,498,422 | $12,032,755 |
Willow Oaks Country Club Inc Richmond, VA | $15,889,652 | $10,037,529 |
Forest Lake Club Columbia, SC | $17,782,694 | $10,657,455 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Eagle Point Golf Club Inc Wilmington, NC | $18,431,345 | $8,325,446 |
Dataw Island Club Inc Beaufort, SC | $27,067,751 | $8,525,272 |
Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
Kinloch Golf Association Corp ManakinSabot, VA | $45,313,161 | $8,251,750 |