Velva Saddle Club
- Assets
- $15.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Velva, ND
- Founding
- 03/2019
- Data as of
- 12/2022
- 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 12/2022, Velva Saddle Club generated $41.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $47.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
1
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Duchscherer President | 8 | $0 | |
Casey Kvamme Vice President | 8 | $0 | |
Eric Chadwick Treasurer | 12 | $0 | |
Veronica Enander Secretary | 10 | $0 | |
James Hystad Board Member | 3 | $0 | |
Lauren Ohlgren Board Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,787 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $37,336 |
| Total Revenue | $41,661 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $47,876 |
| Total expenses | $47,876 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,113 |
| Other assets | $0 |
| Total assets | $15,113 |
| Total liabilities | $0 |
| Net assets or fund balances | $15,113 |