North Carolina Horse Council
- Assets
- $418.4k
- Revenue
- $317.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Raleigh, NC
- Founding
- 02/1980
- Data as of
- 12/2021
- EIN
- 56-1248972
Organization Overview
North Carolina Horse Council is located in Raleigh, NC. The organization was established in 1980. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, North Carolina Horse Council employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Horse Council is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, North Carolina Horse Council generated $317.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $431.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, North Carolina Horse Council has awarded 19 individual grants totaling $285,292. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT AND PROMOTE ALL ASPECTS OF THE HORSE INDUSTRY IN NC
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROMOTION AND SAFEGUARDING OF HORSE INDUSTRY IN NC.
THE COUNCIL WORKED ON ISSUES SURROUNDING AGRICULTURAL USE TAX AND GRAZING FEES, ABANDONMENT OF LIVESTOCK AND REMEDIES FOR BREEDING AND BOARDING FACILITIES AS WELL AS ASSISTING EQUINE THERAPEUTIC RIDING FACILITIES WITH BUILDING CODE ISSUES. THE COUNCIL PARTICIPATED IN MULTIPLIE EQUINE EVENTS AND PROGRAMS THROUGHOUT THE STATE.
RESEARCH AND EDUCATION FUNDING TO BENEFIT HORSE INDUSTRY AND HORSE OWNERS IN NC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Gray Executive Di | Officer | 40 | $82,252 |
Tom Thomas President | OfficerTrustee | 2 | $0 |
Jim Thomas Treasurer | OfficerTrustee | 1 | $0 |
Robert Sanford Vice Preside | OfficerTrustee | 1 | $0 |
Sammy Jenkins Past Preside | Trustee | 1 | $0 |
Casey Armstrong Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,694 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $296,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $314,052 |
| Total Program Service Revenue | $0 |
| Investment income | $371 |
| 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 | $2,747 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $317,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $126,125 |
| 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. | $87,532 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,237 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,280 |
| Payroll taxes | $11,168 |
| Fees for services: Management | $12,215 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,566 |
| Fees for services: Lobbying | $61,008 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,600 |
| Advertising and promotion | $0 |
| Office expenses | $7,022 |
| Information technology | $2,753 |
| Royalties | $0 |
| Occupancy | $18,623 |
| Travel | $1,028 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,835 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $326 |
| Insurance | $10,110 |
| All other expenses | $0 |
| Total functional expenses | $431,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,996 |
| Savings and temporary cash investments | $203,139 |
| 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 | $2,864 |
| Prepaid expenses and deferred charges | $1,780 |
| Net Land, buildings, and equipment | $3,591 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $418,370 |
| Accounts payable and accrued expenses | $3,747 |
| Grants payable | $0 |
| Deferred revenue | $7,860 |
| 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 | $11,607 |
| Net assets without donor restrictions | $404,368 |
| Net assets with donor restrictions | $2,395 |
| 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 | $418,370 |
Grants Awarded
Over the last fiscal year, North Carolina Horse Council has awarded $102,675 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Greensboro, NC PURPOSE: TRAIL GRANT | $50,000 |
Gastonia, NC PURPOSE: DEVELOPMENT GRANT | $13,156 |
Tryon, NC PURPOSE: TRAIL GRANT | $11,400 |
Gloucester, NC PURPOSE: TRAIL GRANT | $9,885 |
UNION COUNTY SADDLE CLUB PURPOSE: DEVELOPMENT GRANT | $7,919 |
Chagrin Falls, OH PURPOSE: EDUCATION GRANT | $5,175 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Carolina Horse Council has recieved totaling $125.
| Awarding Organization | Amount |
|---|---|
Lomax Family Foundation Arden, NC PURPOSE: CHARITY | $125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claxton Poultry Farms Trust Claxton, GA | $1,415,506 | $8,695,488 |
Tennessee Walking Horse Breeders & Exhibitors Association Lewisburg, TN | $1,795,038 | $1,391,959 |
Georgia Cattlemens Association Inc Macon, GA | $1,277,076 | $1,308,478 |
The Livestock Conservancy Inc Pittsboro, NC | $1,135,488 | $1,337,079 |
North Carolina Cattlemens Assn Inc FuquayVarina, NC | $739,833 | $875,134 |
Virginia Beef Cattle Improvement Assn Blacksburg, VA | $188,516 | $780,596 |
Tennessee Cattlemens Association Murfreesboro, TN | $1,366,983 | $701,337 |
Virginia Cattlemens Association Daleville, VA | $278,818 | $551,486 |
North Carolina Horse Council Raleigh, NC | $418,370 | $317,170 |
Virginia Thoroughbred Association Charlottesville, VA | $562,520 | $493,730 |
North Carolina Poultry Federation Inc Raleigh, NC | $1,874,710 | $246,942 |
South Carolina Quater Horse Association Cross, SC | $87,957 | $351,968 |