Tennessee Walking Horse National
- Assets
- $5.8m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 237
- Location
- Shelbyville, TN
- Founding
- 04/1962
- Data as of
- 10/2020
- EIN
- 62-0682046
Organization Overview
Tennessee Walking Horse National is located in Shelbyville, TN. The organization was established in 1962. According to its NTEE Classification (D03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Animal-Related and related organizations. As of 10/2020, Tennessee Walking Horse National employed 237 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Walking Horse National is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2020, Tennessee Walking Horse National generated $3.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $3.7m during the year ending 10/2020. While expenses have increased by 1.6% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE TENNESSEE WALKING HORSE BREED, AND MANAGEMENT OF THE ANNUAL TENNESSEE WALKING HORSE NATIONAL CELEBRATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED AND PROMOTED HORSE SHOWS DURING THE YEAR. THE FACILITY HOSTED MORE THAN 15 EVENTS AND HORSE SHOWS WITH MORE THAN 175,000 SPECTATORS IN ATTENDANCE. APPROXIMATELY 4,000 HORSES COMPETED FOR PRIZES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Inman CEO | 40 | $191,795 | |
Warren Wells CEO | Officer | 40 | $0 |
David Crowell Vice Chairma | Trustee | 5 | $0 |
Scott Johnson Treasurer | Trustee | 5 | $0 |
Jody Lambert Director | Trustee | 5 | $0 |
Todd Bobo Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,776 |
| 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 | $133,390 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,538,341 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $688,125 |
| Pension plan accruals and contributions | $14,733 |
| Other employee benefits | $0 |
| Payroll taxes | $69,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,000 |
| Fees for services: Accounting | $19,789 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,726 |
| Office expenses | $54,130 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,010 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,132 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $258,394 |
| All other expenses | $0 |
| Total functional expenses | $3,682,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,540 |
| Savings and temporary cash investments | $1,531,251 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $308,743 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,700 |
| Prepaid expenses and deferred charges | $12,244 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,042 |
| Total assets | $5,802,394 |
| Accounts payable and accrued expenses | $139,011 |
| 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 | $421,480 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $560,491 |
| 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 | $5,241,903 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association For Laboratory Animal Science Aalas Memphis, TN | $15,557,364 | $4,314,630 |
Tennessee Walking Horse National Shelbyville, TN | $5,802,394 | $3,538,341 |
Pet Industry Joint Advisory Council Alexandria, VA | $1,176,212 | $2,225,191 |
Adhesive & Sealant Council Alexandria, VA | $4,455,927 | $2,044,100 |
American Saddlebred Horse Association Inc Lexington, KY | $2,691,444 | $1,823,861 |
National Association For Pet Container Resources Inc Charlotte, NC | $839,247 | $1,294,217 |
North American Equine Ranching Information Council Inc Louisville, KY | $1,506,129 | $900,964 |
Society For Integrative And Comparative Biology Herndon, VA | $2,627,255 | $935,580 |
Intl Society For Equine Locomotor Pathology Inc Middleburg, VA | $844,148 | $832,362 |
American Black Hereford Assoc Inc Jefferson City, MO | $258,791 | $632,944 |
American Bearing Manufacturers Association Alexandria, VA | $602,534 | $628,429 |
Georgia Ornithological Society Inc Atlanta, GA | $2,743,698 | $167,393 |