Florida Quarter Horse Association
- Assets
- $461.3k
- Revenue
- $613.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Laurel, FL
- Founding
- 11/1976
- Data as of
- 12/2021
- EIN
- 59-1474068
Organization Overview
Florida Quarter Horse Association is located in Laurel, FL. The organization was established in 1976. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Florida Quarter Horse 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, Florida Quarter Horse Association generated $613.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $494.4k during the year ending 12/2021. While expenses have increased by 8.8% 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
THE ASSN AND ITS MEMBERS ARE ENGAGED IN THE COOPERATIVE ACTIVITY OF BREEDING PURE BRED QUARTER HORSES, BETTERING EXISTING TYPES AND STRAINS OF SUCH HORSES, PROMOTING THE BREEDING OF SUCH HORSES, PROCURING DESIRED PUBLICITY FOR SAME, AND HOLDING OR FOSTERING SHOWS FEATURING SUCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION AND ITS MEMBERS SPONSERED FOUR MAJOR SHOWS DURING 2021. ADDITIONALLY THE ASSOCIATION SPONSERS AND PARTICIPATES WITH A VERY ACTIVE FLORDIA QUARTER HORSE YOUTH ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Bausman Secretary Treasurer | Officer | 40 | $42,000 |
Anne Prince President And Director | OfficerTrustee | 2 | $0 |
Tom Scott Vice President And Director | OfficerTrustee | 1 | $0 |
Alfred Hewitt 2nd Vice President And Direct | OfficerTrustee | 1 | $0 |
Julie Usoff Director | Trustee | 1 | $0 |
Don Mcduffee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,844 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,844 |
| Total Program Service Revenue | $608,610 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $613,454 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $42,000 |
| Compensation of current officers, directors, key employees. | $42,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,234 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | -$1,122 |
| Office expenses | $1,242 |
| 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 | $2,662 |
| All other expenses | $22,315 |
| Total functional expenses | $494,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,131 |
| 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 | $30,137 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,060 |
| Total assets | $461,328 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $253,782 |
| 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 | $253,782 |
| Net assets without donor restrictions | $202,513 |
| Net assets with donor restrictions | $5,033 |
| 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 | $461,328 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chastain Horse Park Ltd Atlanta, GA | $5,890,220 | $3,355,861 |
Georgia Quarter Horse Association St Simon Island, GA | $316,797 | $1,423,621 |
Northeast Florida Equestrian Society Inc Jacksonville, FL | $290,303 | $1,418,012 |
Atlantic Coast Cutting Horse Association Inc Augusta, GA | $234,728 | $1,138,329 |
Equine-Assisted Therapies Of South Florida Inc Boca Raton, FL | $2,620,470 | $1,064,655 |
Georgia Dressage And Combined Training Association Inc Jasper, GA | $172,768 | $610,109 |
Alabama Deep Sea Fishing Rodeo Inc Mobile, AL | $1,333,637 | $501,868 |
Central Florida Hunter & Jumper Assoc Inc Tampa, FL | $100,025 | $533,712 |
Florida Quarter Horse Association Laurel, FL | $461,328 | $613,454 |
Storybook Farm Inc Opelika, AL | $1,160,196 | $640,839 |
Region 12 International Arabian Horse Association Inc Holt, FL | $326,481 | $553,412 |
International Andalusian And Lusitano Horse Association Birmingham, AL | $196,553 | $427,408 |