Ohio Quarter Horse Association Inc
- Assets
- $19.8m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Columbus, OH
- Founding
- 12/1972
- Data as of
- 12/2023
- EIN
- 34-1034161
Organization Overview
Ohio Quarter Horse Association Inc is located in Columbus, OH. The organization was established in 1972. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, Ohio Quarter Horse Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Quarter Horse Association 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 12/2023, Ohio Quarter Horse Association Inc generated $10.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $9.1m during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 9 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 PROMOTE THE OHIO QUARTER HORSE IN HARMONY WITH THE AMERICAN QUARTER ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION WORKS TO MEET IT'S MISSION BY ENCOURAGING THE BREEDING AND COMPETITION OF QUARTER HORSES THROUGH MANY PROGRAMS INCLUDING AN EXTENSIVE YEAR-END AWARDS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Myers CEO | OfficerTrustee | 40 | $475,000 |
Justin Billings Evp Of Opera | OfficerTrustee | 40 | $221,636 |
Cynthia Bauman Director | Trustee | 10 | $0 |
Aubrey Braham Director | Trustee | 10 | $0 |
Matt Claypool Director | Trustee | 10 | $0 |
Kelli Diaz Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,232 |
| 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 | $21,232 |
| Total Program Service Revenue | $10,466,928 |
| Investment income | $259,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,944 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,758,333 |
| 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. | $696,636 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $427,072 |
| Pension plan accruals and contributions | $112,422 |
| Other employee benefits | $103,464 |
| Payroll taxes | $65,307 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,293 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $55,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,466 |
| Advertising and promotion | $6,582 |
| Office expenses | $28,440 |
| Information technology | $33,414 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,623 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $264,339 |
| Insurance | $35,128 |
| All other expenses | $105,438 |
| Total functional expenses | $9,141,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,949,254 |
| Savings and temporary cash investments | $4,070,084 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $170,856 |
| 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 | $6,624,519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,814,713 |
| Accounts payable and accrued expenses | $36,196 |
| 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 | $112,422 |
| Total liabilities | $148,618 |
| Net assets without donor restrictions | $16,542,676 |
| Net assets with donor restrictions | $3,123,419 |
| 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 | $19,814,713 |