Colorado Horsemens Association
- Assets
- $111.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Loma, CO
- Founding
- 12/1995
- Data as of
- 12/2021
- EIN
- 84-1165769
Organization Overview
Colorado Horsemens Association is located in Loma, CO. The organization was established in 1995. According to its NTEE Classification (N69) the organization is classified as: Equestrian, 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. Colorado Horsemens Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Colorado Horsemens Association generated $109.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $120.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED INFORMATION CONCERNING THE INDUSTRY AND IT'S IMPORTANCE TO THE STATE AS A WHOLE TO CREATE, FOSTER AND ENCOURAGE A BETTER BUSINESS CLIMATE FOR THE HORSE RACING INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Rushton Former Executive Director | 40 | $37,500 | |
James J Mulvihill Executive Director | 40 | $28,548 | |
Rob Ring Board Member | 2 | $0 | |
Kim Oliver President | 4 | $0 | |
Mark Schultz Vice President | 4 | $0 | |
Robin Smith Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,603 |
| Total Program Service Revenue | $92,319 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,440 |
| Total Revenue | $109,362 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $71,343 |
| Professional fees and other payments to independent contractors | $7,440 |
| Occupancy, rent, utilities, and maintenance | $1,515 |
| Printing, publications, postage, and shipping | $561 |
| Other expenses | $39,389 |
| Total expenses | $120,248 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,665 |
| Other assets | $0 |
| Total assets | $111,665 |
| Total liabilities | $2,193 |
| Net assets or fund balances | $109,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Cutting Horse Association Sonoita, AZ | $358,442 | $3,211,338 |
Professional Association Of Therapeutic Horsemanship Intl Westminster, CO | $1,976,775 | $2,827,086 |
Colorado Springs Rodeo Association Colorado Springs, CO | $74,186 | $2,419,320 |
Oklahoma Quarter Horse Racing Association Inc Edmond, OK | $3,393,007 | $2,258,601 |
Omaha Equestrian Foundation Omaha, NE | $87,852 | $1,522,092 |
Tucson Rodeo Committee Inc Tucson, AZ | $1,987,361 | $2,029,512 |
Utah Cutting Horse Association Lehi, UT | $334,665 | $1,358,261 |
Sheridan Wyo Rodeo Inc Sheridan, WY | $1,087,929 | $1,273,070 |
Nebraska Horsemens Benevolent & Protective Association Inc Lincoln, NE | $12,449,045 | $1,882,455 |
Arizona Reining Horse Association Inc Scottsdale, AZ | $327,080 | $1,052,561 |
Therapeutic Riding Of Tucson Inc Tucson, AZ | $1,737,432 | $1,013,964 |
Oklahoma Quarter Horse Association Inc Oklahoma City, OK | $788,287 | $878,265 |