Tryon Riding & Hunt Club Inc
- Assets
- $173.9k
- Revenue
- $223.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Tryon, NC
- Founding
- 10/2007
- Data as of
- 12/2023
- EIN
- 56-0706005
Organization Overview
Tryon Riding & Hunt Club Inc is located in Tryon, NC. The organization was established in 2007. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Tryon Riding & Hunt Club 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 12/2023, Tryon Riding & Hunt Club Inc generated $223.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $246.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 8 years. 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 ENCOURAGE, SUPPORT AND PROMOTE ALL TYPES OF HORSE ACTIVITIES WHICH WILL ENHANCE THE EQUESTRIAN TRADITION OF THE TRYON AREA THROUGH PROGRAMS OF EDUCATION, DEMONSTRATIONS OF HORSE SKILLS AND COOPERATION WITH ALLIED PROGRAMS OF NATURE CONSERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLOCKHOUSE STEEPLECHASE ATTRACTS OVER 10,000 SPECTATORS TO THE LOCAL AREA. THE EVENT PROVIDES AMPLE OPPORTUNITY FOR EQUESTRIAN SPECTATORS AND PROFESSIONALS FROM ALL OVER THE UNITED STATES AN OPPORTUNITY TO ENJOY THE PRODUCTION OF A HISTORIC EQUESTRIAN COMPETITION. PROCEEDS FROM THE EVENT ENABLE TRYON RIDING AND HUNT CLUB TO DONATE FUNDS TO LOCAL CHARITABLE ORGANIZATIONS, PROVIDE SCHOLARSHIPS AND EDUCATIONAL RESOURCES AND FUND OUR PARTNERSHIP WITH LOCAL NON-PROFIT AND NATURE CONSERVATION GROUPS.
THE HORSE COUNTRY QUARTERLY IS PUBLISHED FOUR TIMES PER YEAR AND SENT TO TRHC MEMBERS AS WELL AS MADE AVAILABLE TO HORSE LOVERS THROUGHOUT THE COMMUNITY. IT SHOWCASES TRHC HORSE-RELATED AND COMMUNITY EVENTS, TRHC PHILANTHROPIC OUTREACH, AND SCHOLARSHIP PROGRAMS THAT SUPPORT COLLEGE-BOUND STUDENTS AND STUDENTS PURSUING EQUINE CAREERS. IT STRIVES TO PRESERVE A RESPECT FOR LOCAL TRADITIONS WHILE ADAPTING TO CHANGE IN A HORSE-LOVING COMMUNITY.
THE PURPOSE OF THE CAROLINA SHOW HUNTER HALL OF FAME PROGRAM IS TO RECOGNIZE AND PROMOTE EXCEPTIONAL SHOW HUNTERS AND HORSEMEN. ANNUAL EVENTS INCLUDE A MEMBERSHIP DRIVE, NOMINATION AND VOTING PERIOD, AND AN AWARDS CEREMONY WHERE THE AWARDS ARE PRESENTED. DONATIONS AND SPONSORSHIPS ENABLE THE HALL OF FAME TO HONOR THE INDUCTEES AND CREATE AN EXHIBIT SHOWCASING THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Frick Director | Trustee | 1 | $0 |
Eric Straus Director | Trustee | 1 | $0 |
Lena Meredith Director | Trustee | 1 | $0 |
Nancy Wilson Director | Trustee | 1 | $0 |
Molly Oakman Director | Trustee | 1 | $0 |
Lee Cone Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,745 |
| Fundraising events | $23,984 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,132 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,861 |
| Total Program Service Revenue | $180,762 |
| Investment income | $81 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $223,763 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,222 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,350 |
| Fees for services: Accounting | $7,247 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,146 |
| Advertising and promotion | $43,242 |
| Office expenses | $577 |
| Information technology | $10,326 |
| Royalties | $0 |
| Occupancy | $19,932 |
| Travel | $77 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,090 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,179 |
| Insurance | $2,727 |
| All other expenses | $32,576 |
| Total functional expenses | $246,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $127,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,655 |
| 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 | $5,677 |
| Net Land, buildings, and equipment | $4,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $173,936 |
| Accounts payable and accrued expenses | $7,459 |
| 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 | $0 |
| Total liabilities | $7,459 |
| Net assets without donor restrictions | $166,477 |
| 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 | $173,936 |
Grants Awarded
Over the last fiscal year, Tryon Riding & Hunt Club Inc has awarded $15,040 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOOTHILLS EQUESTRIAN NATURE CENTER PURPOSE: DONATION TO CONTINUE NON-PROFIT MISSION | $9,040 |
THERMAL BELT OUTREACH MINISTRY PURPOSE: DONATION TO CONTINUE NON-PROFIT MISSION | $6,000 |