Independence Saddle Club
- Assets
- $16.1k
- Revenue
- $14.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Coldwater, MS
- Founding
- Data as of
- 12/2022
- EIN
- 86-1227656
Organization Overview
Independence Saddle Club is located in Coldwater, MS. 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. Independence 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, Independence Saddle Club generated $14.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $7.0k 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 2 years. 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 |
|---|---|---|---|
Phil Wooten President | 0 | $0 | |
Julie Newcome Vice President | 0 | $0 | |
Carol Saunders Treasurer | 0 | $0 | |
Diane Fletcher Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,425 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $374 |
| Other Income | $13,057 |
| Total Revenue | $14,856 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $458 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,522 |
| Total operating and administrative expenses | $6,980 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,416 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $8,710 |
| Other assets | $0 |
| Total assets | $16,126 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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Arkansas Horsemens Benevolent & Protective Association Inc Hot Springs, AR | $1,166,909 | $561,178 |
Tally-Ho Club New Orleans, LA | $694,333 | $222,593 |
Mid-South Dressage Academy Inc Hernando, MS | $89,469 | $242,500 |
Walking Horse Owners Association Of America Inc Murfreesboro, TN | $38,032 | $179,549 |
Tennessee Quarter Horse Association Cookeville, TN | $153,266 | $216,944 |
Alabama Hunter-Jumper Association Chelsea, AL | $30,507 | $0 |
International Grand Isle Tarpon Rodeo Inc Des Allemands, LA | $422,520 | $142,610 |
Arkansas Quarter Horse Association Benton, AR | $89,845 | $128,704 |
Siloam Springs Rodeo And Riding Club Siloam Springs, AR | $152,407 | $0 |