Reining Horse Sports Foundation Inc is located in Oklahoma City, OK. The organization was established in 2001. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. Reining Horse Sports Foundation 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 06/2022, Reining Horse Sports Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.7% each year . All expenses for the organization totaled $206.5k during the year ending 06/2022. While expenses have increased by 9.4% per year over the past 6 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
WE CARE FOR AND HONOR OUR REINING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH: THE YOUTH PROGRAM IN FISCAL YEAR 2022, AWARDED $50,200 IN SCHOLARSHIPS MADE AVAILABLE BY THE FOUNDATION THROUGH SEVERAL YOUTH PROGRAMS. THE AFFILIATE REGIONAL SCHOLARSHIP PROGRAM AWARDED $17,200 IN SCHOLARSHIPS; THESE TOURNAMENTS ARE HELD AT THE NRHA AFFILIATE REGIONAL CHAMPIONSHIP SHOWS. PARTICIPANTS IN THE TOURNAMENT MAY APPLY FOR THESE SCHOLARSHIPS AFTER THE CONCLUSION OF THE CHAMPIONSHIP. TWO PER REGION ARE AWARDED. ALSO, OF INTEREST TO YOUTH IS THE REINING HORSE FOUNDATION ACADEMIC SCHOLARSHIPS. BEGINNING IN 2002, THE SCHOLARSHIPS WERE AVAILABLE TO SUPPORT THE EDUCATION OF NRHA AND NRHYA MEMBERS. SCHOLARSHIPS ARE AWARDED BASED ON FINANCIAL NEED, ACADEMIC ACHIEVEMENT, ACTIVITIES, NRHA INVOLVEMENT AND REFERENCES. IN FISCAL YEAR 2022, $27,000 IN ACADEMIC SCHOLARSHIPS WERE AWARDED BY THE FOUNDATION. INDIVIDUALS WHO ARE AWARDED SCHOLARSHIPS ARE ELIGIBLE TO CLAIM THEIR SCHOLARSHIP AS THEY ENTER COLLEGE. IN FISCAL YEAR 2022, THE FOUNDATION PAID OUT $33,300 IN SCHOLARSHIPS.
YOUTH LEADERSHIP AND OFFICER: "EDUCATING THE FUTURE OF REINING" THE NATIONAL REINING HORSE YOUTH ASSOCIATION (NRHYA) IS A LEADERSHIP ORGANIZATION SUPPORTED BY THE FOUNDATION, AND OPEN TO ALL YOUTH MEMBERS OF THE ASSOCIATION. NRHYA ELECTS TWO DELEGATES IN EACH REGION OF NRHA COMPETITION AND HAS FIVE ELECTED NATIONAL OFFICER POSITIONS - PRESIDENT, VICE PRESIDENT, TREASURER, SECRETARY, AND HISTORIAN. AFFILIATES CAN ALSO ELECT A YOUTH AFFILIATE LIAISON ROLE TO ALLOW FOR MORE LEADERSHIP POSITIONS ACROSS THE COUNTRY. THE NRHYA HAS INITIATED A YOUTH LEADERSHIP AND EDUCATIONAL PROGRAM TITLED THE VARSITY REINING CLUB (VRC) THAT IS SUPPORTED BY THE FOUNDATION AND IS OPEN TO ALL YOUTH MEMBERS OF THE ASSOCIATION. VRC WAS ESTABLISHED TO ENGAGE YOUTH MEMBERS AND ENCOURAGE THEM TO BECOME MORE ACTIVE AT BOTH THE LOCAL AND NATIONAL LEVELS. THIS PROGRAM OFFERS NRHYA MEMBERS OPPORTUNITIES TO CONTRIBUTE TO THE YOUTH ASSOCIATION, IN ADDITION TO DEVELOPING VALUABLE LIFE SKILLS THAT WILL ALLOW THEM TO BE SUCCESSFUL CONTRIBUTING MEMBERS OF SOCIETY. IN ADDITION TO THE YOUTH MEMBERS INTERACTING WITH ONE ANOTHER AND PARTICIPATING IN THE PROGRAM, THE FOUNDATION WANTS TO PROVIDE LIFE SKILLS THAT WILL HELP THEM GROW AND MATURE. STRESSING THE IMPORTANCE OF COMMUNITY SERVICE, BEING AN ACTIVE MEMBER IN A GROUP AND LEARNING TO WORK WITH OTHERS, PUBLIC SPEAKING, WRITTEN COMMUNICATION SKILLS, AND CREATIVITY ARE ALL IMPORTANT SKILLS THAT CAN BE FURTHER DEVELOPED BY PARTICIPATING IN THIS PROGRAM. NRHYA MEMBERS ARE AWARDED POINTS FOR PARTICIPATING IN THE FOLLOWING LEADERSHIP AND EDUCATIONAL TYPE ACTIVITIES OF THE VARSITY REINING CLUB: COMMUNITY SERVICE, VOLUNTEERING AND ASSISTING AT APPROVED NRHA EVENTS, ASSISTING WITH FUNDRAISING ACTIVITIES OF LOCAL CLUBS, PHOTOGRAPHY OF EQUINE RELATED ACTIVITIES, CREATIVE WRITING CONCERNING EQUINE EVENTS (FICTIONAL OR NON-FICTIONAL), A NEWS STYLE ARTICLE REPORTING ON FACTUAL EVENTS THAT IS EQUINE RELATED, ARTS AND CRAFTS WITH AN EQUINE BASED THEME, AND HOLDING AND ORGANIZING AN NRHYA MEETING. THE FOUNDATION PROVIDES 13 SCHOLARSHIPS TOTALING $5,000 IN TOTAL AWARDS TO THE VRC PROGRAM EACH YEAR, AND THE SCHOLARSHIPS ARE AWARDED BASED ON THE POINTS EARNED BY THE VRC PARTICIPANTS.
CRISIS FUND: "TAKING CARE OF OUR OWN" THE REINING COMMUNITY COMES TOGETHER THROUGH THE DALE WILKINSON MEMORIAL CRISIS FUND TO FINANCIALLY AND EMOTIONALLY SUPPORT MEMBERS FACED WITH HARDSHIPS INCLUDING MEDICAL CRISES, ACCIDENTS AND DISASTERS. GRANTS CAN COVER EXPENSES AND LOSSES NOT COVERED BY INSURANCE. AFTER REVIEW AND FOLLOWING GUIDELINES FOR DISTRIBUTIONS, GRANTS IN THE AMOUNT OF $17,200 WERE DISTRIBUTED THIS YEAR, BASED ON THE DEMONSTRATED NEEDS OF INDIVIDUAL MEMBERS OF NRHA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tim Anderson President | OfficerTrustee | 4 | $0 |
Loren Booth Vice President | OfficerTrustee | 4 | $0 |
Chloe Lawrence Sec./treas. | OfficerTrustee | 4 | $0 |
Joao Marcos Officer/direct. Started 1/1/22 | OfficerTrustee | 4 | $0 |
Nancy Tague Officer/director | OfficerTrustee | 4 | $0 |
Rick Clark Director | Trustee | 4 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $178,011 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $219,329 |
Noncash contributions included in lines 1a–1f | $178,011 |
Total Revenue from Contributions, Gifts, Grants & Similar | $397,340 |
Total Program Service Revenue | $0 |
Investment income | $6,732 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $743,939 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,148,599 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $66,066 |
Grants and other assistance to domestic individuals. | $50,500 |
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 | $2,786 |
Fees for services: Accounting | $3,427 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $10,115 |
Office expenses | $11,318 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $27,977 |
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 | $0 |
All other expenses | $0 |
Total functional expenses | $206,533 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,655,828 |
Savings and temporary cash investments | $33,891 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,702 |
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 | $5,644 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $269,869 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,970,934 |
Accounts payable and accrued expenses | $46,395 |
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 | $46,395 |
Net assets without donor restrictions | $1,633,984 |
Net assets with donor restrictions | $290,555 |
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 | $1,970,934 |