Ncha Charities Foundation
- Assets
- $4.7m
- Revenue
- $209.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 01/1982
- Data as of
- 09/2021
- EIN
- 75-1796627
Organization Overview
Ncha Charities Foundation is located in Fort Worth, TX. The organization was established in 1982. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ncha Charities Foundation 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 09/2021, Ncha Charities Foundation generated $209.5k 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 (12.1%) each year. All expenses for the organization totaled $462.3k during the year ending 09/2021. 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
THE NCHA CHARITIES FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES AS A SUPPORTING ORGANIZATION TO THE NATIONAL CUTTING HORSE ASSOCIATION; AND IS ORGANIZED AND OPERATED TO ENCOURAGE, PROMOTE AND DEVELOP THE CUTTING HORSE AS A HIGHLY UNIQUE AND EXCEPTIONAL EQUINE ATHLETE. THE FOUNDATION SUPPORTS AND BENEFITS NCHA BY MAINTAINING SCHOLARSHIP FUNDS, PROVIDING CRISIS FUNDING, DEVELOPING EDUCATIONAL AND ANIMAL WELFARE AND RESEARCH PROGRAMS, AND DEVELOPING PROGRAMS DESIGNED TO HONOR THE LEGENDARY PEOPLE AND GREAT HORSES THAT HAVE SHAPED OUR INDUSTRY AND TO PRESERVE AND TELL THE STORIES OF THE GREAT HORSES AND HORSEWOMEN AND HORSEMEN OF THE PAST TO FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP-THE SCHOLARSHIP COMMITTEE SHALL PROVIDE FINANCIAL ASSISTANCE TO MEMBERS OF THE NCHA. RECIPIENTS ARE SELECTED BASED ON ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND CUTTING HORSE INVOLVEMENT, AS WELL AS LEADERSHIP AND COMMUNICATION SKILLS.
HISTORY AND PRESERVATION-THE HISTORY AND PRESERVATION COMMITTEE SHALL BE RESPONSIBLE FOR ACCEPTANCE, PRESERVATION, DOCUMENTATION AND OTHER ACTIVITIES RELATING TO THE CURATORSHIP OF NCHA AND THE FOUNDATIONS HISTORIC MEMORABILIA AND FOR MAKING SUCH MEMORABILIA AVAILABLE TO THE PUBLIC FOR EDUCATIONAL AND CHARITABLE PURPOSES.
EDUCATION AND PROMOTION OF THE SPORT-THE EDUCATION COMMITTEE SHALL BE RESPONSIBLE FOR COORDINATING AND ASSISTING WITH THE EDUCATIONAL PROGRAMS AND PRESENTATIONS OF THE FOUNDATION AND PROMOTION OF THE CUTTING HORSE AND THE SPORT OF CUTTING. SUCH PROGRAMS COULD BE FOUNDATION FUND RAISING EVENTS, JUDGING CLINICS, CUTTING CLINICS, PROMOTIONAL ACTIVITIES AT WORLD EQUESTRIAN GAMES AND EUROPEAN CHAMPIONSHIPS, AND PROMOTION AT LIKE EQUINE EVENT THROUGH GRANTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joey Milner Chairman | OfficerTrustee | 10 | $0 |
Julia Buswold Executive Dir. | Officer | 50 | $0 |
Frank Merrill Finance Chair. | Trustee | 10 | $0 |
Jo Ellard Director | Trustee | 10 | $0 |
Charles Israel Director | Trustee | 10 | $0 |
Lachlan Perks Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,739 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,239 |
| Total Program Service Revenue | $0 |
| Investment income | $115,588 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $209,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,500 |
| Grants and other assistance to domestic individuals. | $39,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,622 |
| Compensation of current officers, directors, key employees. | $106,622 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,963 |
| Fees for services: Other | $5,459 |
| Advertising and promotion | $43,553 |
| Office expenses | $14,500 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106 |
| Travel | $1,746 |
| 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 | $6,145 |
| Insurance | $0 |
| All other expenses | $2,619 |
| Total functional expenses | $462,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,921 |
| 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 | $12,793 |
| Investments—publicly traded securities | $4,540,832 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,725 |
| Total assets | $4,693,271 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,279,324 |
| 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 | $1,279,324 |
| Net assets without donor restrictions | $2,471,176 |
| Net assets with donor restrictions | $942,771 |
| 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 | $4,693,271 |
Grants Awarded
Over the last fiscal year, Ncha Charities Foundation has awarded $122,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX | | $67,000 |
Fort Worth, TX | | $35,000 |
Lexington, KY | | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ncha Charities Foundation has recieved totaling $21,150.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $20,400 |
Jack Holt Family Foundation Bend, OR PURPOSE: SUPPORT THE OPERATION OF THE ORGANIZATION | $250 |
Jack Holt Family Foundation Bend, OR PURPOSE: SUPPORT THE OPERATION OF THE ORGANIZATION | $250 |
Jack Holt Family Foundation Bend, OR PURPOSE: SUPPORT THE OPERATION OF THE ORGANIZATION | $250 |
Endowment Analysis
| Beg. Balance | $899,980 |
| Earnings | -$33,421 |
| Ending Balance | $866,559 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Worth Stockshow Syndicate Fort Worth, TX | $3,490,318 | $6,046,613 |
Event Facilities Fort Worth Inc Fort Worth, TX | $56,896,303 | $667,519 |
Oklahoma Youth Exposition Inc Oklahoma City, OK | $6,978,217 | $5,243,188 |
Nueces County Junior Livestock Association Robstown, TX | $379,208 | $2,671,206 |
Future Farmers Of America State Associations & Local Chapter Austin, TX | $2,278,284 | $2,619,828 |
Texas 4-H Boerne, TX | $23,369 | $0 |
Texas 4 H Youth Development Foundation College Station, TX | $9,527,657 | $3,383,549 |
Ellis County Youth Expo Waxahachie, TX | $936,551 | $1,557,361 |
Hill Country District Juniorlivestock Show Association Kerrville, TX | $1,755,004 | $1,336,079 |
Arkansas 4-H Foundation Inc Little Rock, AR | $9,320,360 | $1,535,415 |
Leon County Youth Livestock Show Association Inc Centerville, TX | $297,088 | $1,323,866 |
Austin Youth & Community Farm Inc Austin, TX | $1,888,286 | $1,183,834 |