Walking Horse Trainers Association
- Assets
- $212.9k
- Revenue
- $379.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Shelbyville, TN
- Founding
- 11/1981
- Data as of
- 12/2023
- EIN
- 62-0816488
Organization Overview
Walking Horse Trainers Association is located in Shelbyville, TN. The organization was established in 1981. According to its NTEE Classification (D61) the organization is classified as: Animal Training, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walking Horse Trainers 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 12/2023, Walking Horse Trainers Association generated $379.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $383.4k during the year ending 12/2023. While expenses have increased by 5.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE, SUPPORT, AND IMPROVE THE TENNESSEE WALKING HORSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORS AND CONDUCTS AN ANNUAL WALKING HORSE SHOW WHERE 900 WALKING HORSES HAVE BEEN EXHIBITED; ENCOURAGES PARTICIPATION IN SHOWS THROUGH RECOGNITION OF TRAINERS AND CONVENES ANNUALLY TO PRESENT AWARDS AND ELECT OFFICERS AND DIRECTORS; SPONSORS AND CONDUCTS AN ANNUAL CONSIGNMENT SALE SHOWCASING YEARLINGS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Young President | OfficerTrustee | 8 | $0 |
Bill Cantrell 1st VP | OfficerTrustee | 10 | $0 |
Wayne Dean Director | Trustee | 0.2 | $0 |
Rodney Dick Director | Trustee | 0.5 | $0 |
Link Webb Director | Trustee | 25 | $8,095 |
Laurie Toone Director | Trustee | 15 | $7,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $970 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,970 |
| Total Program Service Revenue | $351,305 |
| 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 | $379,323 |
| 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 | $29,181 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,006 |
| Payroll taxes | $2,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,540 |
| Advertising and promotion | $170 |
| Office expenses | $6,619 |
| Information technology | $1,914 |
| Royalties | $0 |
| Occupancy | $7,210 |
| Travel | $572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80 |
| Insurance | $1,943 |
| All other expenses | $34,655 |
| Total functional expenses | $383,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,677 |
| 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 | $0 |
| Net Land, buildings, and equipment | $194 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50 |
| Total assets | $212,921 |
| Accounts payable and accrued expenses | $596 |
| 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 | $111 |
| Total liabilities | $707 |
| Net assets without donor restrictions | $212,214 |
| 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 | $212,921 |
Grants Awarded
Over the last fiscal year, Walking Horse Trainers Association has awarded $107,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FAST INC PURPOSE: SEE PART IV | $100,000 |
THE CENTER FOR FAMILY DEVELOPMENT PURPOSE: SUPPORT CHARITABLE | $7,000 |