Red Hills Horse Trials Inc
- Assets
- $112.6k
- Revenue
- $420.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 01/1998
- Data as of
- 06/2021
- EIN
- 59-3459779
Organization Overview
Red Hills Horse Trials Inc is located in Tallahassee, FL. The organization was established in 1998. 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. Red Hills Horse Trials 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 06/2021, Red Hills Horse Trials Inc generated $420.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $408.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 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
SPONSORSHIP OF HORSE TRIALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORSHIP OF HORSE TRIALS TO FOSTER NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION AND INCREASE THE VISIBILITY OF THE SPORT IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas A Barron Chairman | Trustee | 1 | $0 |
David Chapman Director | Trustee | 1 | $0 |
Jane H Barron President | Trustee | 25 | $0 |
Lori Elliott Director | Trustee | 1 | $0 |
Marvin Mayer Vice President | Trustee | 1 | $0 |
Stephen Webster 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 | $216,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,119 |
| Total Program Service Revenue | $185,392 |
| Investment income | $4 |
| 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 | $18,992 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $420,507 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,302 |
| Advertising and promotion | $18,029 |
| Office expenses | $25,591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $232 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $217 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,863 |
| Insurance | $893 |
| All other expenses | $3,876 |
| Total functional expenses | $408,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,644 |
| 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 | $10,491 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $39,418 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $112,553 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $112,553 |
| Total liabilities and net assets/fund balances | $112,553 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Red Hills Horse Trials Inc has recieved totaling $8,359.
| Awarding Organization | Amount |
|---|---|
Ann Maccarthy Parke Charitable Tr St Petersburg, FL PURPOSE: UNRESTRICTED GRANT | $8,354 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
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 |