National Snaffle Bit Association Inc

Organization Overview

National Snaffle Bit Association Inc is located in Gurnee, IL. The organization was established in 1985. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, National Snaffle Bit Association Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Snaffle Bit Association Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 12/2022, National Snaffle Bit Association Inc generated $6.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $6.1m during the year ending 12/2022. While expenses have increased by 8.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE EXHIBITS, EVENTS, TRAINING AND INTEREST IN THE PLEASURE HORSE AND IMPROVE ITS QUALITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SANCTIONED EVENTS, SHOWS AND CONTESTS INCLUDING THE WORLD CHAMPIONSHIP SHOW, WHICH IS A COMPETITION FOR ALL BREED EQUINE ASSOCIATIONS.


STALLION INCENTIVE FUND PROGRAM FACILITATES DONATED BREEDINGS BY STALLION OWNERS.


BREEDERS CHAMPIONSHIP FUTURITY PROGRAM - NOMINATIONS OF STALLION BREEDINGS AND FOAL NOMINATIONS FOR COMPETITION


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Board, Officers & Key Employees

Name (title)Compensation
Stephanie Lynn
Executive Director
$169,102
Nicole Barnes
Magazine Sales
$106,451
Clay Macleod
Immediate Past President
$0
Janet Gunn
President
$0
Kevin Dukes
1st Vice President
$0
Phil Harris
2nd Vice President
$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$290,100
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$290,100
Total Program Service Revenue$5,946,768
Investment income $7,461
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $5,984
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 $26,260
Miscellaneous Revenue$0
Total Revenue $6,575,627

Grants Recieved

Over the last fiscal year, we have identified 5 grants that National Snaffle Bit Association Inc has recieved totaling $128,050.

Awarding OrganizationAmount
B Gill Clements Foundation

Dallas, TX

PURPOSE: GENERAL OPERATING FUNDS

$60,000
B Gill Clements Foundation

Dallas, TX

PURPOSE: GENERAL OPERATING FUNDS

$60,000
Reeve Family Foundation

Garden City, KS

PURPOSE: CHARITABLE USES OF THE ORGANIZATION

$5,000
Baumgardt Family Foundation Inc

Zionsville, IN

PURPOSE: CHARITABLE

$2,800
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$250
View Grant Recipient Profile

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