Equestrian Events Inc
- Assets
- $1.5m
- Revenue
- $412.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Lexington, KY
- Founding
- 11/1976
- Data as of
- 09/2020
- EIN
- 61-0899468
Organization Overview
Equestrian Events Inc is located in Lexington, KY. The organization was established in 1976. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Equestrian Events Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equestrian Events 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 09/2020, Equestrian Events Inc generated $412.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (33.0%) each year. All expenses for the organization totaled $1.4m during the year ending 09/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS THE DEVELOPMENT OF EQUESTRIAN SPORTS THROUGH THE STAGING OF EVENTS AT THE HIGHEST LEVEL. EEI SEEKS TO PROVIDE DEVELOPMENT OPPORTUNITIES FOR RIDERS, HORSES, AND EQUINE ORGANIZATIONS, AND TO ELEVATE THE COMPETITIVENESS OF THE UNITED STATES INTERNATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KENTUCKY HORSE TRIALS: SERVES AS A VEHICLE FOR SELECTION OF U.S. EQUESTRIAN TEAMS THAT COMPETE NATIONALLY AND INTERNATIONALLY. THIS YEAR, APPROXIMATELY 1,033 STARTERS.
GRANTS TO VARIOUS PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Carter Executive Director | Officer | 40 | $140,328 |
R Stewart Perry Immediate Past President | Trustee | 3 | $0 |
Courtney Calnan Director | Trustee | 3 | $0 |
Eloise Penn Director | Trustee | 3 | $0 |
Jeff Lamb Director | Trustee | 3 | $0 |
Alston M Kerr Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,518 |
| Investment income | $44,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,362 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $25,798 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $412,033 |
| Statement of Expenses | |
|---|---|
| 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. | $143,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $375,619 |
| Pension plan accruals and contributions | $5,054 |
| Other employee benefits | $51,328 |
| Payroll taxes | $36,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,984 |
| Fees for services: Other | $0 |
| Advertising and promotion | $70,858 |
| Office expenses | $14,168 |
| Information technology | $2,509 |
| Royalties | $0 |
| Occupancy | $55,481 |
| Travel | $37,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,045 |
| Insurance | $11,688 |
| All other expenses | $0 |
| Total functional expenses | $1,371,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313 |
| Savings and temporary cash investments | $108,177 |
| Pledges and grants receivable | $220 |
| Accounts receivable, net | $3,780 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,093 |
| Prepaid expenses and deferred charges | $38,596 |
| Investments—publicly traded securities | $1,141,839 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,466,435 |
| Accounts payable and accrued expenses | $2,814 |
| Grants payable | $0 |
| Deferred revenue | $988,045 |
| 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 | $274,900 |
| Total liabilities | $1,265,759 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $200,676 |
Grants Awarded
Over the last fiscal year, Equestrian Events Inc has awarded $40,430 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Lexington, KY PURPOSE: TO PROVIDE FUNDS TO THE GENERAL FUND FOR USE IN OPERATING EXPENSES TO FURTHER THEIR EXEMPT PURPOSE. | $22,930 |
Lexington, KY PURPOSE: TO PROVIDE FUNDS TO THE GENERAL FUND FOR USE IN OPERATING EXPENSES TO FURTHER THEIR EXEMPT PURPOSE. | $10,000 |
KENTUCKY CHILDREN'S HOSPITAL PURPOSE: TO PROVIDE FUNDS TO THE GENERAL FUND FOR USE IN OPERATING EXPENSES TO FURTHER THEIR EXEMPT PURPOSE. | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Equestrian Events Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Perkins Charitable Foundation Cleveland, OH PURPOSE: PHILANTHROPIC PURPOSES. | $1,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horsemens Benevolent & Protective Assoc Inc Ohio Division Grove City, OH | $13,638,374 | $9,989,300 |
Virginia Horse Center Foundation Lexington, VA | $21,949,749 | $6,089,538 |
United States Dressage Federation Inc Lexington, KY | $12,280,287 | $5,729,896 |
Upperville Colt & Horse Show Inc Upperville, VA | $4,423,395 | $3,060,055 |
Interscholastic Equestrian Association Inc Chagrin Falls, OH | $1,821,708 | $2,864,631 |
National Horse Show Association Of America Ltd Lexington, KY | $1,577,659 | $2,858,029 |
Kentucky Horse Park Foundation Inc Lexington, KY | $11,891,530 | $2,119,028 |
Equestrian Events Inc Lexington, KY | $1,466,435 | $412,033 |
Pegasus Farm Hartville, OH | $3,046,238 | $1,440,332 |
Virginia Gold Cup Association Inc Warrenton, VA | $148,262 | $1,262,964 |
Kentucky Horsemans Benevolent And Protective Association Inc Louisville, KY | $2,025,353 | $1,522,291 |
United Professional Horsemens Foundation Lexington, KY | $2,711,001 | $1,019,249 |