Velva Saddle Club
- Assets
- $17.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Velva, ND
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 83-3306235
Organization Overview
Velva Saddle Club is located in Velva, ND. The organization was established in 2019. 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. Velva Saddle Club 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 12/2021, Velva Saddle Club generated $33.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.1%) each year. All expenses for the organization totaled $49.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Guttormson President | 5 | $0 | |
Erik Chadwick Vice President | 5 | $0 | |
Frank Fritzgerald Board Member | 5 | $0 | |
Gretta Holt Treas | 20 | $0 | |
Casey Kvamme Sec | 7 | $0 | |
Josh Duchscherer VP | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,445 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $25,854 |
| Other Revenue | $0 |
| Total Revenue | $33,299 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $21,960 |
| Occupancy, rent, utilities, and maintenance | $4,989 |
| Printing, publications, postage, and shipping | $975 |
| Other expenses | $20,531 |
| Total expenses | $49,255 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,622 |
| Other assets | $0 |
| Total assets | $17,504 |
| Total liabilities | $25,331 |
| Net assets or fund balances | -$7,827 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Velva Saddle Club has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Dakota Ffa Foundaton Incorporated Bismarck, ND | $2,357,984 | $584,038 |
Future Farmers Of America And Its State Associations & Local Chapter St Paul, MN | $234,990 | $568,184 |
4-H Clubs & Affiliated 4-H Organizations Fargo, ND | $4,432,232 | $751,100 |
South Dakota Ffa Foundation Inc Bath, SD | $1,190,469 | $597,022 |
Montana 4-H Foundation Inc Bozeman, MT | $4,132,892 | $565,507 |
Minnesota Agriculture In The Classroom Inc Foundation Bemidji, MN | $191,389 | $337,136 |
Future Farmers Of America And Its State Associations & Local Chapter Bismarck, ND | $372,448 | $179,734 |
Yellowstone County 4-H Council Billings, MT | $143,002 | $252,745 |
Montana Ffa Association Bozeman, MT | $99,677 | $226,422 |
Family Career And Community Leaders Of America Inc Roseville, MN | $7,873 | $0 |
Regents Of The University Of Minnesota Albert Lea, MN | $19,180 | $0 |
South Dakota Youth Heritage Inc Brookings, SD | $0 | $1,902 |