Tennessee Walking Horse Breeders & Exhibitors Association
- Assets
- $2.0m
- Revenue
- $125.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Lewisburg, TN
- Founding
- 02/1956
- Data as of
- 12/2022
- EIN
- 62-0382328
Organization Overview
Tennessee Walking Horse Breeders & Exhibitors Association is located in Lewisburg, TN. The organization was established in 1956. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Tennessee Walking Horse Breeders & Exhibitors Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Walking Horse Breeders & Exhibitors 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 12/2022, Tennessee Walking Horse Breeders & Exhibitors Association generated $125.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $266.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REGISTRATION AND PROMOTION OF TENNESSEE WALKING HORSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL OTHER PROGRAMS - INCLUDES GENERAL PROMOTION AND ADVERTISING, HORSE SHOWS, HORSE SHOW DEVELOPMENT, ETC.
REGISTRATION AND MEMBERSHIP - REGISTRATIONS, TRANSFERS, NAME CHANGES, BLOOD TYPE, ETC. OF THE TENNESSEE WALKING HORSE
VOICE MAGAZINE - A MAGAZINE CREATED TO PROMOTE THE TENNESSEE WALKING HORSE BY BEING THE VOICE OF THE MEMBERS OF TWHBEA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Gleghorn Director | Trustee | $0 | |
Carrie Benedict Breeders/fut | Trustee | $0 | |
Darden Gladney Director | Trustee | $0 | |
Kelley Chaffee Director | Trustee | $0 | |
Denise Bader VP Own/exhib | Trustee | $0 | |
Ann King Director | Trustee | $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 | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100 |
| Total Program Service Revenue | $124,034 |
| Investment income | $520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $800 |
| 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 | $236 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,690 |
| 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 | $45,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,542 |
| Payroll taxes | $3,475 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,759 |
| 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 | $7,765 |
| Advertising and promotion | $5,853 |
| Office expenses | $11,935 |
| Information technology | $5,997 |
| Royalties | $0 |
| Occupancy | $22,602 |
| Travel | $958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250 |
| Interest | $677 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,120 |
| Insurance | $2,580 |
| All other expenses | $10,866 |
| Total functional expenses | $266,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406,097 |
| Savings and temporary cash investments | $500,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,896 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,039 |
| Prepaid expenses and deferred charges | $9,748 |
| Net Land, buildings, and equipment | $891,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $115,665 |
| Other assets | $0 |
| Total assets | $2,033,021 |
| Accounts payable and accrued expenses | $55,362 |
| 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 | $56,040 |
| Other liabilities | $461,759 |
| Total liabilities | $573,161 |
| Net assets without donor restrictions | $1,440,966 |
| Net assets with donor restrictions | $18,894 |
| 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 | $2,033,021 |