United States Team Penning Assn Inc
- Assets
- $443.6k
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 1
- Location
- Cheyenne, WY
- Founding
- 02/1995
- Data as of
- 12/2021
- EIN
- 75-2489808
Organization Overview
United States Team Penning Assn Inc is located in Cheyenne, WY. The organization was established in 1995. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Team Penning Assn 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 12/2021, United States Team Penning Assn Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 7.9% 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
ENGAGE INDIVIDUALS WITH AN AFFINITY FOR THE WESTERN LIFESTYLE IN THE SPORT OF TEAM PENNING AND RANCH SORTING. TO DEVELOP THE RESOURCES AND SERVICES FOR THE BENEFIT OF ITS MEMBERS AND TO PROMOTE THE OVERALL GROWTH OF THE SPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION AND DISSEMINATION OF INFORMATION REGARDING TEAM PENNING. CONDUCTED EVENTS IN THE SPORT OF TEAM PENNING ADMINISTERING ALL AWARDS AND RECOGNITION IN THE VARIOUS EVENTS ON BEHALF OF THE MEMBERSHIP. CONDUCTED ACTIVITIES PROMOTING AND EDUCATING THE SPORT OF TEAM PENNING AND RANCH SORTING.
DISTRIBUTION AND DISSEMINATION OF INFORMATION REGARDING TEAM PENNING. CONDUCTED EVENTS IN THE SPORT OF TEAM PENNING ADMINISTERING ALL AWARDS AND RECOGNITION IN THE VARIOUS EVENTS ON BEHALF OF THE MEMBERSHIP. CONDUCTED ACTIVITIES PROMOTING AND EDUCATING THE SPORT OF TEAM PENNING AND RANCH SORTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Frost Secretary | OfficerTrustee | 4 | $0 |
Joel Brookshire Vice Preside | OfficerTrustee | 30 | $0 |
Ryan Bernhoz Vice Preside | Officer | 4 | $0 |
Ross Graham Vice Preside | Officer | 4 | $0 |
Dwayne Haselip Vice Preside | Officer | 4 | $0 |
Patrick Bray Vice Preside | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,497 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,497 |
| Total Program Service Revenue | $2,766,344 |
| Investment income | $77 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,777,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $42,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,400 |
| Payroll taxes | $3,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,589 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,165 |
| Advertising and promotion | $36,316 |
| Office expenses | $3,934 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,529 |
| Travel | $0 |
| 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 | $325 |
| Insurance | $3,412 |
| All other expenses | $400,339 |
| Total functional expenses | $2,867,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,400 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,829 |
| 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 | $2,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,642 |
| Total assets | $443,559 |
| Accounts payable and accrued expenses | $9,434 |
| 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 | $0 |
| Other liabilities | $179,879 |
| Total liabilities | $189,313 |
| Net assets without donor restrictions | $254,246 |
| 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 | $443,559 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pool & Hot Tub Foundation Colorado Springs, CO | $11,049,001 | $5,466,362 |
Whitefish Community Aquatics And Health Center Whitefish, MT | $2,592,588 | $4,004,806 |
United States Team Penning Assn Inc Cheyenne, WY | $443,559 | $2,777,918 |
United States Synchronized Swimming Inc Colorado Springs, CO | $767,815 | $1,651,151 |
Steamboat Training Adaptive Recreational Sports Steamboat Springs, CO | $6,587,580 | $1,502,232 |
Highlands Ranch Aquatics Club Inc Highlands Ranch, CO | $351,068 | $874,760 |
Loveland Swim Club Inc Loveland, CO | $76,767 | $796,023 |
Fort Collins Area Swim Team Fort Collins, CO | $370,611 | $817,877 |
Olympus Aquatics Salt Lake City, UT | $22,936 | $731,235 |
Casper Boat Club Casper, WY | $389,864 | $670,282 |
Virginia Vale Swim Club Denver, CO | $1,323,375 | $697,771 |
Broomfield Barracudas Swim Club Broomfield, CO | $385,779 | $669,547 |