Blowing Rock Charity Horse Show Foundation Inc
- Assets
- $3.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Blowing Rock, NC
- Founding
- 06/1999
- Data as of
- 12/2021
- EIN
- 56-2069830
Organization Overview
Blowing Rock Charity Horse Show Foundation Inc is located in Blowing Rock, NC. The organization was established in 1999. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Blowing Rock Charity Horse Show Foundation Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blowing Rock Charity Horse Show 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 12/2021, Blowing Rock Charity Horse Show Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EQUESTRIAN SPORTS, PHYSICAL FITNESS, EDUCATION, AND RECREATION THROUGH HOSTING VARIOUS EQUESTRIAN EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOSTS ANNUAL EQUESTRIAN EVENTS TO RAISE CONTRIBUTIONS FOR THE COMMUNITY AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyn Buxton Vice Preside | OfficerTrustee | $0 | |
James B Collier President | OfficerTrustee | $0 | |
Amy Hudnall Secretary | OfficerTrustee | $0 | |
John Vann Treasurer | OfficerTrustee | $0 | |
Alice Brinkley Director | Trustee | $0 | |
Sonny Abernethy Director | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blowing Rock Home Co Vendor | 12/30/17 | $155,684 |
Progressive Show Jumping Inc Vendor | 12/30/17 | $160,612 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,055 |
| Related organizations | $0 |
| Government grants | $22,905 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,318 |
| Noncash contributions included in lines 1a–1f | $10,518 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,278 |
| Total Program Service Revenue | $1,205,949 |
| Investment income | $6,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $217 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,476,671 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,182 |
| 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 | $114,536 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,328 |
| Fees for services: Management | $16,650 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,633 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,371 |
| Office expenses | $23,476 |
| Information technology | $1,896 |
| 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 | $0 |
| Interest | $8,208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,745 |
| Insurance | $37,485 |
| All other expenses | $134,184 |
| Total functional expenses | $1,444,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,642 |
| Savings and temporary cash investments | $562,078 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,419 |
| 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 | $3,162,502 |
| Investments—publicly traded securities | $172,114 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,907,755 |
| Accounts payable and accrued expenses | $18,309 |
| 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 | $182,273 |
| Other liabilities | $0 |
| Total liabilities | $200,582 |
| Net assets without donor restrictions | $3,707,173 |
| 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 | $3,907,755 |
Grants Awarded
Over the last fiscal year, Blowing Rock Charity Horse Show Foundation Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Zionville, NC PURPOSE: EQUINE RESCUE /REHAB | $12,500 |
ASU EQUESTRIAN TEAM PURPOSE: EQUINE SPORTS | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Blowing Rock Charity Horse Show Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: GENERAL OPERATING | $6,000 |
Robert S & Grayce B Kerr Foundation Inc Oklahoma City, OK PURPOSE: SUPPORT THE ANNUAL BLOWING ROCK CHARITY HORSE SHOW | $4,000 |
George T Baker Foundation Inc High Point, NC PURPOSE: IMPROVE QUALITY OF LIFE FOR INDIVIDUALS AND ANIMALS | $4,000 |
Dan Cameron Family Foundation Inc Wilmington, NC PURPOSE: CHARITY HORSE SHOW | $2,000 |
Powell Family Foundation Inc Miami, FL PURPOSE: CHARITABLE | $2,000 |
Hobby Family Foundation Houston, TX PURPOSE: CONTINUING OPERATING EXPENSES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Durham Realty Inc Durham, NC | $66,578,409 | $21,835,955 |
Healthcare Georgia Foundation Inc Atlanta, GA | $145,422,542 | $18,331,596 |
Kanuga Endowment Inc Hendersonville, NC | $0 | $539,404 |
United Jewish Charities Of Greater Charlotte Inc Charlotte, NC | $8,151,447 | $4,750,352 |
Rally Foundation Inc Atlanta, GA | $9,445,133 | $7,328,050 |
Adira Foundation Richmond, VA | $46,085 | $190,912 |
Educational Facilities Corporationfor Lexington School District No 2 West Columbia, SC | $17,713,387 | $2,158,056 |
American Institute Of Certified Public Accountants Foundation Durham, NC | $13,346,405 | $1,363,179 |
New Vision Research Mt Pleasant, SC | $135,395 | $1,251,782 |
The Beirne Carter Foundation Richmond, VA | $25,189,504 | $3,003,577 |
The Triad Health Project Greensboro, NC | $661,078 | $1,457,249 |
Blowing Rock Charity Horse Show Foundation Inc Blowing Rock, NC | $3,907,755 | $1,476,671 |