Fort Worth Horseshoe Club Inc
- Assets
- $361.5k
- Revenue
- $402.9k
- Investments
- $0.0
- Employees
- 16
- Location
- Benbrook, TX
- Founding
- 01/1950
- Data as of
- 02/2024
- EIN
- 75-0762451
Organization Overview
Fort Worth Horseshoe Club Inc is located in Benbrook, TX. The organization was established in 1950. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 02/2024, Fort Worth Horseshoe Club Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth Horseshoe Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2024, Fort Worth Horseshoe Club Inc generated $402.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $494.8k during the year ending 02/2024. While expenses have increased by 8.6% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
FORT WORTH HORSESHOE CLUB IS A SOCIAL ORGANIZATION PROVIDING STABLES FOR THE BOARDING OF HORSES ALONG WITH SOCIAL ACTIVITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR 2023, FORT WORTH HORSESHOE CLUB ACCOMPLISHED ITS SOLE PROGRAM SERVICE OF PROVIDING STABLES FOR HORSES OR THE THE CLUB MEMBERS. THE CLUB RAN A SAFE AND HEALTHY YEAR AND THE HORSES AND MEMBERS WERE HEALTHY AND HAPPY. THE FACILITIES WERE WELL MAINTAINED, IMPROVEMENTS WRE MADE TO THE PROPERTY AND STRUCTURES, AND THE MEMBERS ENJOYED THE FACILITY FOR SOCIAL EVENTS, GATHERINGS, AND BOARD MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Simpter Vice President | Officer | 4 | $0 |
Susan Weaver Treasurer | Officer | 6 | $0 |
J Wesley Read President | Officer | 7 | $0 |
Pam Dodson Secretary | Officer | 7 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $378,436 |
| Investment income | $1,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22,647 |
| 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 | $402,863 |
| 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 | $159,757 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,316 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,732 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,595 |
| 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 | $15,335 |
| Insurance | $23,783 |
| All other expenses | $0 |
| Total functional expenses | $494,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113 |
| Savings and temporary cash investments | $136,336 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,861 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,003 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $191,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $361,477 |
| Accounts payable and accrued expenses | $11,075 |
| 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 | $11,075 |
| 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 | $350,402 |
| Total liabilities and net assets/fund balances | $361,477 |