REINING HORSE FOUNDATION INC

EIN: 731575062 501(c)(3) Recreation & Sports

OKLAHOMA CITY, OK

Total Revenue
$842,149
Total Expenses
$360,197
Total Assets
$2,914,428
Net Assets
$2,846,204
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
OK
Principal Officer
TIM ANDERSON
Phone
4059467400
Tax Period
2023-07-01 to 2024-06-30

REINING HORSE FOUNDATION INC, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $842K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $482K, a strong 57% operating margin.

Mission

WE CARE FOR AND HONOR OUR REINING COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $53,009

YOUTH: THE YOUTH PROGRAM IN FISCAL YEAR 2024, AWARDED $65,800 IN SCHOLARSHIPS MADE AVAILABLE BY THE FOUNDATION THROUGH SEVERAL YOUTH PROGRAMS. THE AFFILIATE REGIONAL SCHOLARSHIP PROGRAM, FORMERLY...

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YOUTH: THE YOUTH PROGRAM IN FISCAL YEAR 2024, AWARDED $65,800 IN SCHOLARSHIPS MADE AVAILABLE BY THE FOUNDATION THROUGH SEVERAL YOUTH PROGRAMS. THE AFFILIATE REGIONAL SCHOLARSHIP PROGRAM, FORMERLY KNOWN AS YOUTH TEAM TOURNAMENT PROGRAM, AWARDED $17,400 IN SCHOLARSHIPS; THESE TOURNAMENTS ARE HELD AT THE NRHA AFFILIATE REGIONAL CHAMPIONSHIP SHOWS. PARTICIPANTS IN THE TOURNAMENT MAY APPLY FOR THESE SCHOLARSHIPS AFTER THE CONCLUSION OF THE CHAMPIONSHIP. TWO PER REGION ARE OFFERED. THE REINING HORSE FOUNDATION (RHF) PROVIDES ACADEMIC-AND NEED-BASED SCHOLARSHIPS TO SUPPORT THE EDUCACTION OF NRHA AND NRHYA MEMBERS. INITIATED IN 2002, THESE SCHOLARSHIPS ARE AWARDED BASED ON FINANCIAL NEED, ACADEMIC ACHIEVEMENT, EXTRACURRICULAR INVOLVEMENT, NRHA PARTICIPATION, AND REFERENCES. IN FISCAL YEAR 2024, RHF AWARDED $30,000 IN ACADEMIC SCHOLARSHIPS. IN 2024, RHF INTRODUCED THE MERIT SCHOLARSHIP PROGRAM, OFFERING $1,500 AWARDS TO STUDENTS CURRENTLY ENROLLED IN COLLEGE OR TRADE SCHOOL WHO HAVE NOT PREVIOUSLY RECEIVED AN NRHYA/RHF SCHOLARSHIP. IN FISCAL YEAR 2024, THE FOUNDATION PAID OUT $50,750 IN SCHOLARSHIPS.

Program 2
Expenses: $33,417

YOUTH LEADERSHIP AND OFFICERS: "EDUCATING THE FUTURE OF REINING" THE NATIONAL REINING HORSE YOUTH ASSOCIATION (NRHYA) IS A LEADERSHIP ORGANIZATION SUPPORTED BY THE FOUNDATION, OPEN TO ALL YOUTH...

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YOUTH LEADERSHIP AND OFFICERS: "EDUCATING THE FUTURE OF REINING" THE NATIONAL REINING HORSE YOUTH ASSOCIATION (NRHYA) IS A LEADERSHIP ORGANIZATION SUPPORTED BY THE FOUNDATION, OPEN TO ALL YOUTH MEMBERS OF THE ASSOCIATION. NRHYA ELECTS TWO DELEGATES IN EACH REGION OF NRHA COMPETITION AND HAS SIX ELECTED NATIONAL OFFICER POSITIONS - PRESIDENT, VICE PRESIDENT, TREASURER/SECRETARY, HISTORIAN, INTERNATIONAL LIAISON, AND EVENT COORDINATOR. AFFILIATES CAN ALSO ELECT A YOUTH AFFILIATE LIAISON ROLE TO ALLOW FOR MORE LEADERSHIP POSITIONS ACROSS THE COUNTRY. THE NRHYA HAS INITIATED A YOUTH LEADERSHIP AND EDUCATIONAL PROGRAM TITLED THE VARSITY REINING CLUB THAT IS SUPPORTED BY THE FOUNDATION AND IS OPEN TO ALL YOUTH MEMBERS OF THE ASSOCIATION. THE VARSITY REINING CLUB (VRC) WAS ESTABLISHED TO ENGAGE YOUTH MEMBERS AND ENCOURAGE THEM TO BECOME MORE ACTIVE AT BOTH THE LOCAL AND NATIONAL LEVELS. THIS PROGRAM OFFERS NRHYA MEMBERS OPPORTUNITIES TO CONTRIBUTE TO THE YOUTH ASSOCIATION IN ADDITION TO DEVELOPING VALUABLE LIFE SKILLS THAT WILL ALLOW THEM TO BE SUCCESSFUL CONTRIBUTING MEMBERS OF SOCIETY. IN ADDITION TO THE YOUTH MEMBERS INTERACTING WITH ONE ANOTHER AND PARTICIPATING IN THE PROGRAM, THE FOUNDATION WANTS TO PROVIDE LIFE SKILLS THAT WILL HELP THEM GROW AND MATURE. STRESSING THE IMPORTANCE OF COMMUNITY SERVICE, BEING AN ACTIVE MEMBER IN A GROUP AND LEARNING TO WORK WITH OTHERS, PUBLIC SPEAKING, WRITTEN COMMUNICATIONS SKILLS AND CREATIVITY ARE ALL IMPORTANT SKILLS THAT CAN BE FURTHER DEVELOPED BY PARTICIPATING IN THIS PROGRAM. NRHYA MEMBERS ARE AWARDED POINTS FOR PARTICIPATING IN THE FOLLOWING LEADERSHIP AND EDUCATIONAL TYPE ACTIVITIES OF THE VARSITY REINING CLUB: COMMUNITY SERVICE, VOLUNTEERING AND ASSISTING AND APPROVED NRHA EVENTS, ASSISTING WITH FUNDRAISING ACTIVITIES OF LOCAL CLUBS, PHOTOGRAPHY OF EQUINE-RELATED ACTIVITIES, CREATIVE WRITING CONCERNING EQUINE EVENTS (FICTIONAL OR NON-FICTIONAL), A NEWS STYLE ARTICLE REPORTING ON FACTUAL EVENTS THAT IS EQUINE RELATED, ARTS AND CRAFTS WITH AN EQUINE-BASED THEME, AND HOLDING AND ORGANIZING AN NRHYA MEETING. THE FOUNDATION PROVIDES 13 SCHOLARSHIPS TOTALING $5,000 IN TOTAL AWARDS TO THE VRC PROGRAM EACH YEAR, AND THE SCHOLARSHIPS ARE AWARDED BASED ON THE POINTS EARNED BY THE VRC PARTICIPANTS.

Program 3
Expenses: $85,004

CRISIS FUND: "TAKING CARE OF OUR OWN" THE REINING COMMUNITY COMES TOGETHER THROUGH THE DALE WILKINSON MEMORIAL CRISIS FUND TO FINANCIALLY AND EMOTIONALLY SUPPORT MEMBERS FACED WITH SIGNIFICANT...

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CRISIS FUND: "TAKING CARE OF OUR OWN" THE REINING COMMUNITY COMES TOGETHER THROUGH THE DALE WILKINSON MEMORIAL CRISIS FUND TO FINANCIALLY AND EMOTIONALLY SUPPORT MEMBERS FACED WITH SIGNIFICANT HARDSHIPS INCLUDING MEDICAL CRISES, ACCIDENTS, AND DISASTERS. GRANTS CAN COVER EXPENSES AND LOSSES NOT COVERED BY INSURANCE. AFTER REVIEW AND FOLLOWING GUIDELINES FOR DISTRIBUTIONS, GIFTS IN THE AMOUNT OF $85,000 WERE DISTRIBUTED THIS YEAR, BASED ON THE DEMOSTRATED NEEDS OF INDIVIDUAL MEMBERS OF NRHA.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $593,812
Program Service Revenue $0
Investment Income $105,472
Other Revenue $142,865
TOTAL REVENUE $842,149

Expense Breakdown

Grants Paid $268,338
Salaries & Benefits $14,500
Fundraising Expenses $15,866
Program Expenses $301,422
Other Expenses $61,493
TOTAL EXPENSES $360,197

Year-over-Year Comparison

2023 2022 Change
Revenue $842,149 $649,755 +0.3%
Expenses $360,197 $260,597 +0.4%
Net Income $481,952 $389,158 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
25

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
9
$0
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM ANDERSON PRESIDENT 4.0
Officer Director
$0 $0 $0
RICK CLARK VICE PRESIDENT STARTED 1/1/24 4.0
Officer Director
$0 $0 $0
NANCY TAGUE SEC./TREAS. STARTED 1/1/24 4.0
Officer Director
$0 $0 $0
JOAO MARCOS OFFICER/DIRECTOR 4.0
Officer Director
$0 $0 $0
CHLOE LAWRENCE OFFICER/DIRECTOR 4.0
Officer Director
$0 $0 $0
DEBBIE CONWAY OFFICER/DIRECTOR 4.0
Officer Director
$0 $0 $0
PATRICK FLAHERTY DIRECTOR 4.0
Director
$0 $0 $0
JANICE LANEY DIRECTOR 4.0
Director
$0 $0 $0
TERRI MAINEY DIRECTOR 4.0
Director
$0 $0 $0
MIKE MCFARLIN DIRECTOR 4.0
Director
$0 $0 $0
JAMIE WALTERS DIRECTOR 4.0
Director
$0 $0 $0
ANDREA STILLO DIRECTOR 4.0
Director
$0 $0 $0
KEVIN TRUAX DIRECTOR 4.0
Director
$0 $0 $0
GEIR RAMLETH DIRECTOR 4.0
Director
$0 $0 $0
BROOKE WHARTON DIRECTOR 4.0
Director
$0 $0 $0
BILLY WILLIAMS DIRECTOR 4.0
Director
$0 $0 $0
JOE WOLFE DIRECTOR 4.0
Director
$0 $0 $0
LOREN BOOTH VICE PRESIDENT THRU 12/23 4.0
Officer Director
$0 $0 $0
CHLOE LAWRENCE SEC./TREAS. THRU 12/23 4.0
Officer Director
$0 $0 $0
RICK CLARK OFFICER/DIRECT THRU 12/23 4.0
Officer Director
$0 $0 $0
ANDREA STILLO DIRECTOR THRU 12/23 4.0
Director
$0 $0 $0
NANCY TAGUE DIRECTOR THRU 12/23 4.0
Director
$0 $0 $0
MARK BLAKE EX-OFFICIO 4.0
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
2025 No data No data No data No data
2024 $842,149 $360,197 $2,914,428 $481,952
2023 $649,755 $260,597 $2,403,995 $389,158
2022 $1,148,599 $206,533 $1,970,934 $942,066
2021 $215,969 $145,216 $1,062,253 $70,753
2020 $325,063 $177,275 $952,593 $147,788
2019 $210,563 $455,327 $781,518 $-244,764
2018 $153,473 $146,236 $1,038,908 $7,237
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