USHJA FOUNDATION INC

EIN: 262472549 501(c)(3) Recreation & Sports

LEXINGTON, KY

Total Revenue
$430,329
Total Expenses
$335,792
Total Assets
$2,225,087
Net Assets
$2,187,674
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
KY
Principal Officer
BRITT MCCORMICK
Phone
8592256700
Tax Period
2023-12-01 to 2024-11-30

USHJA FOUNDATION INC, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $430K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $95K, a strong 22% operating margin.

Mission

THE USHJA FOUNDATION ADVANCES THE EDUCATIONAL, HUMANITARIAN AND COMPETITIVE PROGRAMS OF THE USHJA.

Program Service Accomplishments

Program 1
Expenses: $226,736

SUPPORT OF USHJA PROGRAMS - THE FOUNDATION PROVIDES SUPPORT FOR VARIOUS UNITED STATES HUNTER JUMPER ASSOCIATION, INC.'S PROGRAMS, INCLUDING, BUT NOT LIMITED TO THE HORSEMANSHIP QUIZ CHALLENGE, THE...

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SUPPORT OF USHJA PROGRAMS - THE FOUNDATION PROVIDES SUPPORT FOR VARIOUS UNITED STATES HUNTER JUMPER ASSOCIATION, INC.'S PROGRAMS, INCLUDING, BUT NOT LIMITED TO THE HORSEMANSHIP QUIZ CHALLENGE, THE WHEELER MUSEUM, HORSEMANSHIP CLINICS, AND OTHER USHJA PROGRAMS. THE FOUNDATION ALSO ACTS AS THE CHARITABLE ARM OF THE ASSOCIATION, AND RAISES FUNDS TO SUPPORT USHJA PROGRAMS. IN FY 24, THE FOUNDATION RAISED FUNDS FOR THE FOLLOWING ASSOCIATION PROGRAMS, THE WORLD CHAMPION HUNTER RIDER PROGRAM, SALLIE B WHEELER HUNTER BREEDING CHAMPIONSHIPS, THE EMERGING JUMPER RIDER PROGRAM, YOUNG HUNTER PONY CHAMPIONSHIPS, INTERNATIONAL HUNTER DERBY AND GREEN HUNTER INCENTIVE CHAMPIONSHIP WEEK, USHJA AWARDS, AND THE USEF YOUTH SPORTSMAN AWARD.

Program 2
Expenses: $72,483

SCHOLARSHIPS, GRANTS, & CONTRIBUTIONS - THE USHJA FOUNDATION HAS MULTIPLE SCHOLARSHIPS AND GRANTS AVAILABLE TO USHJA MEMBERS ANNUALLY. THE HAMEL SCHOLARSHIP FOR FURTHER EDUCATION IS DESIGNED TO...

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SCHOLARSHIPS, GRANTS, & CONTRIBUTIONS - THE USHJA FOUNDATION HAS MULTIPLE SCHOLARSHIPS AND GRANTS AVAILABLE TO USHJA MEMBERS ANNUALLY. THE HAMEL SCHOLARSHIP FOR FURTHER EDUCATION IS DESIGNED TO ENCOURAGE FURTHER EDUCATION AMONG EQUESTRIANS AND WILL AWARD UP TO 25K TO UP TO THREE USHJA MEMBERS ANNUALLY FOR COLLEGE, GRADUATE, TRADE OR PROFESSIONAL SCHOOL. THE GOCHMAN FAMILY GRANT FOR THE US PONY FINALS OFFERS UP TO THREE ANNUAL GRANTS TO YOUNG RIDERS TO AFFORD THEM THE OPPORTUNITY TO COMPETE IN THE US PONY FINALS. ZONE SCHOLARSHIPS - FUNDS ARE RAISED BY MEMBERS OF REGIONAL ZONES AND AWARDED AS EDUCATIONAL SCHOLARSHIPS TO ZONE MEMBERS. THE JT TALLON MEMORIAL EQUITATION GRANT IS AWARDED TO JUNIOR USHJA MEMBERS WITH LIMITED FINANCIAL RESOURCES WHO HAVE QUALIFIED FOR A NATIONAL EQUITATION FINAL ARE PROVIDED THE SUPPORT THEY NEED TO ATTEND. THE CHUCK KELLER GRANT FOR EQUESTRIAN EXCELLENCE IS AWARDED ANNUALLY TO ONE USHJA EMERGING ATHLETES NATIONAL TRAINING SESSION PARTICIPANT FOR THE PURPOSE OF FURTHERING THEIR EQUESTRIAN TRAINING IN PURSUIT OF EQUESTRIAN EXCELLENCE. THE NAOMI BLUMENTHAL MEMORIAL TRAINING GRANT PROVIDES FINANCIAL SUPPORT FOR EQUESTRIANS WISHING TO CONTINUE THEIR EQUESTRIAN EDUCATION. THE SUNNY STEVENS STABLE MANAGER AWARD IS AWARDED ANNUALLY TO ONE USHJA EMERGING ATHLETES NATIONAL TRAINING SESSION STABLE MANAGER PARTICIPANT FOR THE PURPOSE OF FURTHER EDUCATION.

Program 3
Expenses: $10,920

HORSEMAN ASSISTANCE GRANTS -THE HORSEMAN'S ASSISTANCE FUND WAS ESTABLISHED TO PROVIDE EMERGENCY FINANCIAL SUPPORT TO INDIVIDUALS WHO REQUIRE ASSISTANCE AS A RESULT OF ACCIDENT OR ILLNESS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $408,579
Program Service Revenue $0
Investment Income $58,642
Other Revenue $-36,892
TOTAL REVENUE $430,329

Expense Breakdown

Grants Paid $64,350
Salaries & Benefits $0
Fundraising Expenses $16,468
Program Expenses $310,139
Other Expenses $271,442
TOTAL EXPENSES $335,792

Year-over-Year Comparison

2023 2022 Change
Revenue $430,329 $380,398 +0.1%
Expenses $335,792 $220,296 +0.5%
Net Income $94,537 $160,102 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$69,250
Total Directors
4
$69,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY BABICK CHAIR 4.00
Officer Director
$0 $0 $60,250
BRITT MCCORMICK CHAIR 4.00
Officer Director
$0 $0 $9,000
JOHN BAHRET TREASURER 2.00
Officer Director
$0 $0 $0
LISA HANKIN DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $430,329 $335,792 $2,225,087 $94,537
2023 $380,398 $220,296 $1,990,109 $160,102
2022 $349,599 $251,064 $2,077,150 $98,535
2021 $208,035 $346,308 $1,990,471 $-138,273
2020 $286,712 $318,789 $1,910,249 $-32,077
2019 $453,069 $511,833 $1,916,979 $-58,764
2018 $180,988 $306,385 $1,875,824 $-125,397
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