National Snaffle Bit Association Inc
- Assets
- $5.9m
- Revenue
- $6.6m
- Investments
- $2.0m
- Employees
- 16
- Location
- Gurnee, IL
- Founding
- 01/1985
- Data as of
- 12/2022
- EIN
- 58-1571998
Organization Overview
National Snaffle Bit Association Inc is located in Gurnee, IL. The organization was established in 1985. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, National Snaffle Bit Association Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Snaffle Bit Association Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, National Snaffle Bit Association Inc generated $6.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $6.1m during the year ending 12/2022. While expenses have increased by 8.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EXHIBITS, EVENTS, TRAINING AND INTEREST IN THE PLEASURE HORSE AND IMPROVE ITS QUALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SANCTIONED EVENTS, SHOWS AND CONTESTS INCLUDING THE WORLD CHAMPIONSHIP SHOW, WHICH IS A COMPETITION FOR ALL BREED EQUINE ASSOCIATIONS.
STALLION INCENTIVE FUND PROGRAM FACILITATES DONATED BREEDINGS BY STALLION OWNERS.
BREEDERS CHAMPIONSHIP FUTURITY PROGRAM - NOMINATIONS OF STALLION BREEDINGS AND FOAL NOMINATIONS FOR COMPETITION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Lynn Executive Director | Officer | 40 | $169,102 |
Nicole Barnes Magazine Sales | 40 | $106,451 | |
Clay Macleod Immediate Past President | OfficerTrustee | 0.2 | $0 |
Janet Gunn President | OfficerTrustee | 0.2 | $0 |
Kevin Dukes 1st Vice President | OfficerTrustee | 0.2 | $0 |
Phil Harris 2nd Vice President | OfficerTrustee | 0.2 | $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 | $290,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,100 |
| Total Program Service Revenue | $5,946,768 |
| Investment income | $7,461 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,984 |
| 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 | $26,260 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,575,627 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $156,523 |
| 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 | $883,295 |
| Pension plan accruals and contributions | $24,862 |
| Other employee benefits | $78,751 |
| Payroll taxes | $69,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,907 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $304,952 |
| Advertising and promotion | $26,123 |
| Office expenses | $225,780 |
| Information technology | $25,606 |
| Royalties | $0 |
| Occupancy | $28,658 |
| Travel | $379,620 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,699 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,713 |
| Insurance | $16,247 |
| All other expenses | $907,748 |
| Total functional expenses | $6,098,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,094,558 |
| Savings and temporary cash investments | $536,848 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,056 |
| 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 | $71,133 |
| Net Land, buildings, and equipment | $1,175,884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,974,511 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,863,990 |
| Accounts payable and accrued expenses | $321,704 |
| Grants payable | $0 |
| Deferred revenue | $1,863,583 |
| 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 | $276,547 |
| Total liabilities | $2,461,834 |
| Net assets without donor restrictions | $3,402,156 |
| 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 | $5,863,990 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that National Snaffle Bit Association Inc has recieved totaling $128,050.
| Awarding Organization | Amount |
|---|---|
B Gill Clements Foundation Dallas, TX PURPOSE: GENERAL OPERATING FUNDS | $60,000 |
B Gill Clements Foundation Dallas, TX PURPOSE: GENERAL OPERATING FUNDS | $60,000 |
Reeve Family Foundation Garden City, KS PURPOSE: CHARITABLE USES OF THE ORGANIZATION | $5,000 |
Baumgardt Family Foundation Inc Zionsville, IN PURPOSE: CHARITABLE | $2,800 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Midwest Oper Engineers Construction Industry Research & Serv Tr Fund Countryside, IL | $12,085,029 | $17,769,884 |
Illinois Soybean Board Bloomington, IL | $24,441,630 | $21,800,549 |
Food Export Association Of The Midwest Usa Chicago, IL | $3,109,779 | $15,548,836 |
Illinois Corn Marketing Board Bloomington, IL | $11,624,886 | $11,889,515 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Illinois Farm Business Farm Management Association Urbana, IL | $13,036,050 | $15,163,165 |
Indiana Farm Bureau Indianapolis, IN | $22,690,251 | $11,074,675 |
National Swine Registry West Lafayette, IN | $2,564,738 | $7,027,546 |
National Snaffle Bit Association Inc Gurnee, IL | $5,863,990 | $6,575,627 |
Seed Savers Exchange Inc Decorah, IA | $8,340,832 | $6,859,116 |
Wisconsin Soybean Marketing Board Inc Madison, WI | $9,285,621 | $7,489,309 |