United States Equestrian Team Foundation Inc

Organization Overview

United States Equestrian Team Foundation Inc is located in Gladstone, NJ. The organization was established in 1994. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, United States Equestrian Team Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Equestrian Team Foundation Inc 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 12/2020, United States Equestrian Team Foundation Inc generated $5.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $5.4m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT THE NEEDS OF AMERICA'S HIGH PERFORMANCE HORSES AND ATHLETES WITH US EQUESTRIAN FEDERATION.

Describe the Organization's Program Activity:

SEE SCHEDULE O.


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Board, Officers & Key Employees

Name (title)Compensation
Bonnie B Jenkins
Executive Director
$315,346
Mark P Piwowar
Chief Financial Officer
$219,240
Philip E Richter
Treasurer
$0
W James Mcnerney Jr
Chairman, President, & CEO
$0
William H Weeks
Vice President
$0
Akiko Yamazaki
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$762,275
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,060,621
Noncash contributions included in lines 1a–1f $1,172,252
Total Revenue from Contributions, Gifts, Grants & Similar$4,822,896
Total Program Service Revenue$0
Investment income $362,457
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $779
Net Gain/Loss on Asset Sales $27,949
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,247,335

Grants Recieved

Over the last fiscal year, we have identified 1 grants that United States Equestrian Team Foundation Inc has recieved totaling $1,500.

Awarding OrganizationAmount
The Verla K Regnery Foundation

Mill Valley, CA

PURPOSE: OLYMPIC TEAM EQUESTRIAN

$1,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$20,247,314
Earnings$2,532,696
Net Contributions$2,012,641
Other Expense$893,000
Ending Balance$23,899,651

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