Omaha Equestrian Foundation
- Assets
- $293.0k
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Omaha, NE
- Founding
- 01/2011
- Data as of
- 06/2023
- EIN
- 27-3520778
Organization Overview
Omaha Equestrian Foundation is located in Omaha, NE. The organization was established in 2011. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Omaha Equestrian Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omaha Equestrian Foundation 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 06/2023, Omaha Equestrian Foundation generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $8.3m during the year ending 06/2023. While expenses have increased by 23.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SET AN INTERNATIONAL-CALIBER STANDARD OF COMPETITION, TO LAY THE GROUNDWORK FOR HOSTING THE WORLD CUP FINALS IN OMAHA, NE AND CHANGE THE WAY THE WAY EQUESTRIAN SPORT IS PRESENTED IN THIS COUNTRY. A TRICKLE-DOWN EFFECT OF THIS EVENT WILL BE TO EXPAND AND IMPROVE THE EQUESTRIAN SPORTS INDUSTRY IN THE MIDWEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OMAHA EQUESTRIAN FOUNDATION PRODUCES INTERNATIONAL CALIBER EVENTS TO DEVELOP OMAHA INTO A HUB OF THE SPORT HORSE INDUSTRY. THE ORGANIZATION RECEVIED THE FOLLOWING IN-KIND DONATIONS OF SERVICES THAT ARE NOT REFLECTED IN 990 REVENUES PER IRS GUIDANCE: USE OF FACILITIES $54,000, ADVERTISING SERVICES $413,500 AND LEGAL SERVICES $20,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Roskens Chairman And President | OfficerTrustee | 10 | $0 |
Julie Boilesen Chief Executive Officer | OfficerTrustee | 40 | $126,000 |
Chris Adderton Board Member | Trustee | 1 | $0 |
Lori Bucholz Board Member | Trustee | 1 | $0 |
Karen Cudmore Board Member | Trustee | 1 | $0 |
Audie Keaton Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meca Facility Rental | 6/29/23 | $978,566 |
Orange Productions Solutions Event Management | 6/29/23 | $919,833 |
The Dutta Corporation Horse Transportation | 6/29/23 | $188,691 |
Sonburst Communications Event Management | 6/29/23 | $187,428 |
Jtwg Rights Fees | 6/29/23 | $328,975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,163 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,672,868 |
| Noncash contributions included in lines 1a–1f | $178,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,682,031 |
| Total Program Service Revenue | $5,496,685 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,387 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,202,103 |
| 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. | $137,078 |
| Compensation of current officers, directors, key employees. | $21,941 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,735 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,584 |
| Payroll taxes | $16,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $86,262 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $866,049 |
| Office expenses | $72,932 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,297,235 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,551 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,900 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,262,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,531 |
| 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 | $0 |
| Net Land, buildings, and equipment | $15,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $293,043 |
| Accounts payable and accrued expenses | $59,925 |
| 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 | $732,677 |
| Total liabilities | $792,602 |
| Net assets without donor restrictions | -$499,559 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $293,043 |