Dressage Foundation Inc
- Assets
- $5.8m
- Revenue
- $817.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Lincoln, NE
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 36-3670953
Organization Overview
Dressage Foundation Inc is located in Lincoln, NE. The organization was established in 1994. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Dressage Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dressage 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 12/2022, Dressage Foundation Inc generated $817.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $615.8k during the year ending 12/2022. While expenses have increased by 9.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE AND PROVIDE FINANCIAL SUPPORT FOR THE ADVANCEMENT OF DRESSAGE IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDS GRANTS ACCORDING TO NEED AS WELL AS EXCELLENCE IN PERFORMANCE IN CLASSICAL DRESSAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Johnson Executive Director | Officer | 40 | $92,671 |
Lendon Gray Vice Chair | OfficerTrustee | 1 | $0 |
Maryal Barnett Chair | OfficerTrustee | 1 | $0 |
Ryan Shumacher Treasurer | OfficerTrustee | 1 | $0 |
Beth Baumert President & CEO | OfficerTrustee | 1 | $0 |
Fern Feldman Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $729,639 |
| Noncash contributions included in lines 1a–1f | $22,192 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $729,639 |
| Total Program Service Revenue | $0 |
| Investment income | $87,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $817,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $62,012 |
| Grants and other assistance to domestic individuals. | $178,417 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,343 |
| Compensation of current officers, directors, key employees. | $9,534 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,424 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,176 |
| Payroll taxes | $12,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,869 |
| Fees for services: Accounting | $31,254 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,559 |
| Fees for services: Other | $19,679 |
| Advertising and promotion | $1,263 |
| Office expenses | $21,229 |
| Information technology | $5,494 |
| Royalties | $0 |
| Occupancy | $9,526 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,676 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,741 |
| Insurance | $4,611 |
| All other expenses | $1,872 |
| Total functional expenses | $615,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,896 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $338,733 |
| 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 | $2,304 |
| Net Land, buildings, and equipment | $124,819 |
| Investments—publicly traded securities | $5,132,018 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,766,770 |
| Accounts payable and accrued expenses | $15,054 |
| Grants payable | $127,481 |
| 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 | $0 |
| Total liabilities | $142,535 |
| Net assets without donor restrictions | $1,269,638 |
| Net assets with donor restrictions | $4,354,597 |
| 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 | $5,766,770 |
Grants Awarded
Over the last fiscal year, Dressage Foundation Inc has awarded $22,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lexington, KY PURPOSE: PROVIDE FUNDING SUPPORT FOR USDF EDUCATIONAL PROGRAMS. | $15,600 |
Lexington, KY PURPOSE: PROVIDE FUNDING SUPPORT FOR USEF EDUCATIONAL PROGRAMS | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dressage Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
The Rennoc Corporation Foundation Inc Sewell, NJ PURPOSE: ADVANCE KNOWLEDGEEXPERIENCE AND EDUCATIONIN THE SPORT OF DRESSAGE | $2,000 |
Endowment Analysis
| Beg. Balance | $67,042 |
| Earnings | -$4,050 |
| Admin Expense | $1,860 |
| Grants | $1,218 |
| Ending Balance | $59,914 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Professional Association Of Therapeutic Horsemanship Intl Westminster, CO | $1,976,775 | $2,827,086 |
Colorado Springs Rodeo Association Colorado Springs, CO | $74,186 | $2,419,320 |
Omaha Equestrian Foundation Omaha, NE | $87,852 | $1,522,092 |
Sheridan Wyo Rodeo Inc Sheridan, WY | $1,087,929 | $1,273,070 |
Nebraska Horsemens Benevolent & Protective Association Inc Lincoln, NE | $12,449,045 | $1,882,455 |
Fort Madison Rodeo Corporation Fort Madison, IA | $1,926,637 | $1,322,191 |
Dressage Foundation Inc Lincoln, NE | $5,766,770 | $817,574 |
The Missouri Quarter Horse Assn Cape Girardeau, MO | $199,114 | $484,150 |
Iowa Quarter Horse Association Delta, IA | $566,832 | $581,039 |
Rocky Mountain Reining Horse Association Johnstown, CO | $490,766 | $503,226 |
Western Dressage Association Of America Parker, CO | $199,419 | $495,559 |
Quarter Horse Assoc Of Nebraska Osceola, NE | $246,701 | $486,538 |