Breeders Invitational Inc
- Assets
- $987.1k
- Revenue
- $3.5m
- Investments
- $619.1k
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 94-3288983
Organization Overview
Breeders Invitational Inc is located in Bakersfield, CA. The organization was established in 1999. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breeders Invitational Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Breeders Invitational Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 3.5% 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 ENCOURAGE, PROMOTE, ADVERTISE AND DEVELOP CUTTING HORSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CUTTING HORSE EVENT HELD DURING MAY IN TULSA, OKLAHOMA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert O'bannon Secretary/treasurer | Officer | 40 | $0 |
Dustin Adams Director | Trustee | 0.1 | $0 |
James Hayworth Director | Trustee | 0.1 | $0 |
Benny Martinez Director | Trustee | 0.1 | $0 |
Jeffrey Matthews Director | Trustee | 0.1 | $0 |
Linda Holmes Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $497,442 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,442 |
| Total Program Service Revenue | $2,936,264 |
| Investment income | $33,094 |
| 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 | $3,466,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 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 | $107,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $184,667 |
| Advertising and promotion | $41,273 |
| Office expenses | $11,219 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,600 |
| Travel | $2,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,787 |
| All other expenses | $132,964 |
| Total functional expenses | $3,609,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,679 |
| Savings and temporary cash investments | $0 |
| 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 | $300 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $619,092 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $987,071 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $987,071 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $987,071 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Breeders Invitational Inc Bakersfield, CA | $987,071 | $3,466,800 |
Red Bluff Bull Sale Committee Red Bluff, CA | $1,440,390 | $3,197,645 |
Central Counties Dairy Herd Improvement Association Atwater, CA | $1,471,777 | $2,357,834 |
California Cattlemens Association Sacramento, CA | $1,056,644 | $1,751,059 |
Arizona National Livestock Show Inc Phoenix, AZ | $1,001,991 | $1,594,039 |
San Joaquin Dairy Herd Improvement Association Herald, CA | $0 | $617,978 |
Klamath Cattlemens Association Klamath Falls, OR | $201,556 | $732,880 |
Oregon Cattlemens Assn Salem, OR | $456,859 | $728,701 |
Grant County Youth Livestock Auction Inc John Day, OR | $34,506 | $571,276 |
Pima County Junior Livestock Sales Inc Tucson, AZ | $128,456 | $497,637 |
Dairy Herd Improvement Association Of California Salem, OR | $122,969 | $390,413 |
Arabian Horse Breeders Alliance Gilbert, AZ | $621,102 | $393,157 |