Iowa Paint Horse Club is located in Altoona, IA. The organization was established in 1988. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Paint Horse Club 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, Iowa Paint Horse Club generated $126.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $119.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ORGANIZED AND HELD THREE SANCTIONED PAINT HORSE SHOWSTHROUGHOUT IOWA. PROMOTED BREEDING OF PAINT HORSES BY ENCOURAGINGNETWORKING AMONG PAINT HORSE OWNERS AND ORGANIZING EVENTS FOR BREEDERS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lonnie Mclain President | 0 | $0 | |
Lynze Moon Vice President | 0 | $0 | |
Cindy Westphal Secretary | 0 | $0 | |
Carrie Gulling Treasurer | 0 | $0 | |
Tawny Langenfeld Director At Large | 0 | $0 | |
Sabrina Seehafer Director Sw | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $126,030 |
| Membership dues | $0 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $126,047 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $550 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $119,377 |
| Total expenses | $119,927 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,929 |
| Other assets | $0 |
| Total assets | $76,929 |
| Total liabilities | $0 |
| Net assets or fund balances | $76,929 |