Salem Saddle Club Inc
- Assets
- $749.8k
- Revenue
- $127.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OR
- Founding
- 08/1940
- Data as of
- 06/2021
- EIN
- 93-0273168
Organization Overview
Salem Saddle Club Inc is located in Salem, OR. The organization was established in 1940. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Salem Saddle Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Salem Saddle Club Inc generated $127.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $138.4k during the year ending 06/2021. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE A PLACE WHERE HORSE MINDED PEOPLE CAN GATHER IN ALL KINDS OF WEATHER TO TRAIN AND EXERCISE THEIR HORSE. TO LEARN METHODS OF TRAINING AND CARE OF THE HORSES, AND TO PROVIDE A PLACE FOR MEMBERS TO STALL THEIR HORSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING STALLS FOR HORSES. WE HAVE TWO HORSE BARNS WITH A TOTAL OF 64 STALLS AND PROVIDE FACILITIES FOR RIDING AND TRAINING. TRAINING EVENTS FOR BOTH HORSES AND HORSEMAN, INCLUDING ROPING CATTLE, HORSE SHOWS TO COMPARE HORSEMANSHIP AND AREAS OF IMPROVEMENT. PROCEEDS OF SHOW IS CONTRIBUTED TO A HORSE ORGANIZATION THAT HELPS HANDICAPPED INDIVIDUALS RIDE A HORSE. PROVIDE FACILITIES FOR RIDING AND TRAINING HORSES TO MEMBERS. THE ENCLOSED ARENA IS 125 FT BY 250 FT. THIS PROVIDES A TRAINING SPACE SHELTERED FROM THE OREGON WEATHER. A CLUB ROOM IS PROVIDED TO MEMBERS FOR BUSINESS MEETINGS, AND EDUCATIONAL SPEAKERS, AND SOCIAL GATHERINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Theis Secretary | Officer | 40 | $0 |
Casey Bergerson Vice President | Officer | 4 | $0 |
Ron Bascue President | Officer | 10 | $0 |
Amanda Dedona Treasurer | Officer | 20 | $0 |
Gary King Trustee | Trustee | 6 | $0 |
Hattie Anderson Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,120 |
| Investment income | $525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,724 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,231 |
| Interest | $1,001 |
| Payments to affiliates | $1,374 |
| Depreciation, depletion, and amortization | $48,814 |
| Insurance | $10,276 |
| All other expenses | $0 |
| Total functional expenses | $138,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,841 |
| Savings and temporary cash investments | $89,390 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $749,764 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $793 |
| 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 | $19,398 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $85,447 |
| Total liabilities | $105,638 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $644,126 |
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|---|---|---|
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