2024-05-14T15:44:14-05:00 2023-06-30 Finley & Cook PLLC 1421 E 45th Street Shawnee OK 74804 990 2022-07-01 731575062 REINING HORSE FOUNDATION INC % CHRIS MOSSMAN REIN 4059467400 3021 WEST RENO AVE OKLAHOMA CITY OK 73107 JOHN FOY CFO 4059467400 2024-05-14 true JOHN FOY 999009999 Jonathan Gauss P00047376 4058787300 2024-05-14 3 2022 2023-04-26 12:10:37Z TIM ANDERSON 3021 W RENO AVE OKLAHOMA CITY OK 73107 1252924 false X WWW.REININGFOUNDATION.COM X 2001 OK WE CARE FOR AND HONOR OUR REINING COMMUNITY. 19 19 0 25 0 397340 546051 0 0 6732 30696 744527 73008 1148599 649755 116566 161518 0 0 0 0 0 1998 1998 89967 97081 206533 260597 942066 389158 1970934 2403995 46395 76926 1924539 2327069 X WE CARE FOR AND HONOR OUR REINING COMMUNITY. false false 27898 27898 YOUTH: THE YOUTH PROGRAM IN FISCAL YEAR 2023, AWARDED $52,300 IN SCHOLARSHIPS MADE AVAILABLE BY THE FOUNDATION THROUGH SEVERAL YOUTH PROGRAMS. THE AFFILIATE REGIONAL SCHOLARSHIP PROGRAM AWARDED $15,800 IN SCHOLARSHIPS; THESE TOURNAMENTS ARE HELD AT THE NRHA AFFILIATE REGIONAL CHAMPIONSHIP SHOWS. PARTICIPANTS IN THE TOURNAMENT MAY APPLY FOR THESE SCHOLARSHIPS AFTER THE CONCLUSION OF THE CHAMPIONSHIP. TWO PER REGION ARE AWARDED. ALSO, OF INTEREST TO YOUTH IS THE REINING HORSE FOUNDATION ACADEMIC SCHOLARSHIPS. BEGINNING IN 2002, THE SCHOLARSHIPS WERE AVAILABLE TO SUPPORT THE EDUCATION OF NRHA AND NRHYA MEMBERS. SCHOLARSHIPS ARE AWARDED BASED ON FINANCIAL NEED, ACADEMIC ACHIEVEMENT, ACTIVITIES, NRHA INVOLVEMENT AND REFERENCES. IN FISCAL YEAR 2023, $28,500 IN ACADEMIC SCHOLARSHIPS WERE AWARDED BY THE FOUNDATION. INDIVIDUALS WHO ARE AWARDED SCHOLARSHIPS ARE ELIGIBLE TO CLAIM THEIR SCHOLARSHIP AS THEY ENTER COLLEGE. IN FISCAL YEAR 2023, THE FOUNDATION PAID OUT $26,650 IN SCHOLARSHIPS. 38183 YOUTH LEADERSHIP AND OFFICER: "EDUCATING THE FUTURE OF REINING" THE NATIONAL REINING HORSE YOUTH ASSOCIATION (NRHYA) IS A LEADERSHIP ORGANIZATION SUPPORTED BY THE FOUNDATION, AND OPEN TO ALL YOUTH MEMBERS OF THE ASSOCIATION. NRHYA ELECTS TWO DELEGATES IN EACH REGION OF NRHA COMPETITION AND HAS SIX ELECTED NATIONAL OFFICER POSITIONS - PRESIDENT, VICE PRESIDENT, TREASURER/SECRETARY, HISTORIAN, INTERNATIONAL LIAISON, AND EVENT COORDINATOR. AFFILIATES CAN ALSO ELECT A YOUTH AFFILIATE LIAISON ROLE TO ALLOW FOR MORE LEADERSHIP POSITIONS ACROSS THE COUNTRY. THE NRHYA HAS INITIATED A YOUTH LEADERSHIP AND EDUCATIONAL PROGRAM TITLED THE VARSITY REINING CLUB (VRC) THAT IS SUPPORTED BY THE FOUNDATION AND IS OPEN TO ALL YOUTH MEMBERS OF THE ASSOCIATION. VRC WAS ESTABLISHED TO ENGAGE YOUTH MEMBERS AND ENCOURAGE THEM TO BECOME MORE ACTIVE AT BOTH THE LOCAL AND NATIONAL LEVELS. THIS PROGRAM OFFERS NRHYA MEMBERS OPPORTUNITIES TO CONTRIBUTE TO THE YOUTH ASSOCIATION, IN ADDITION TO DEVELOPING VALUABLE LIFE SKILLS THAT WILL ALLOW THEM TO BE SUCCESSFUL CONTRIBUTING MEMBERS OF SOCIETY. IN ADDITION TO THE YOUTH MEMBERS INTERACTING WITH ONE ANOTHER AND PARTICIPATING IN THE PROGRAM, THE FOUNDATION WANTS TO PROVIDE LIFE SKILLS THAT WILL HELP THEM GROW AND MATURE. STRESSING THE IMPORTANCE OF COMMUNITY SERVICE, BEING AN ACTIVE MEMBER IN A GROUP AND LEARNING TO WORK WITH OTHERS, PUBLIC SPEAKING, WRITTEN COMMUNICATION SKILLS, AND CREATIVITY ARE ALL IMPORTANT SKILLS THAT CAN BE FURTHER DEVELOPED BY PARTICIPATING IN THIS PROGRAM. NRHYA MEMBERS ARE AWARDED POINTS FOR PARTICIPATING IN THE FOLLOWING LEADERSHIP AND EDUCATIONAL TYPE ACTIVITIES OF THE VARSITY REINING CLUB: COMMUNITY SERVICE, VOLUNTEERING AND ASSISTING AT APPROVED NRHA EVENTS, ASSISTING WITH FUNDRAISING ACTIVITIES OF LOCAL CLUBS, PHOTOGRAPHY OF EQUINE RELATED ACTIVITIES, CREATIVE WRITING CONCERNING EQUINE EVENTS (FICTIONAL OR NON-FICTIONAL), A NEWS STYLE ARTICLE REPORTING ON FACTUAL EVENTS THAT IS EQUINE RELATED, ARTS AND CRAFTS WITH AN EQUINE BASED THEME, AND HOLDING AND ORGANIZING AN NRHYA MEETING. THE FOUNDATION PROVIDES 13 SCHOLARSHIPS TOTALING $5,000 IN TOTAL AWARDS TO THE VRC PROGRAM EACH YEAR, AND THE SCHOLARSHIPS ARE AWARDED BASED ON THE POINTS EARNED BY THE VRC PARTICIPANTS. 56700 56700 CRISIS FUND: "TAKING CARE OF OUR OWN" THE REINING COMMUNITY COMES TOGETHER THROUGH THE DALE WILKINSON MEMORIAL CRISIS FUND TO FINANCIALLY AND EMOTIONALLY SUPPORT MEMBERS FACED WITH HARDSHIPS INCLUDING MEDICAL CRISES, ACCIDENTS AND DISASTERS. GRANTS CAN COVER EXPENSES AND LOSSES NOT COVERED BY INSURANCE. AFTER REVIEW AND FOLLOWING GUIDELINES FOR DISTRIBUTIONS, GRANTS IN THE AMOUNT OF $56,700 WERE DISTRIBUTED THIS YEAR, BASED ON THE DEMONSTRATED NEEDS OF INDIVIDUAL MEMBERS OF NRHA. 78168 78168 PAYMENTS TO AFFILIATED ORGANIZATIONS 0 0 AUCTION EXPENSE 78168 78168 200949 true true false false false false false false false false false false false false true true false true false false false false false false true false false true true false false false false false false false false false true false false false false true false false false true 6 0 true 0 false false false false false false false false false false false false X 19 19 false false false false true true true true true false false true true true true true true false false false AL AR CA FL GA IL KS KY ME MA MI NH NM NY NC OH OK OR PA SC UT VA WA WI X CHRIS MOSSMAN 4055167406 3021 W RENO AVE OKLAHOMA CITY OK 73107 X TIM ANDERSON PRESIDENT 4.0 1.0 X X 0 0 0 LOREN BOOTH VICE PRESIDENT 4.0 4.0 X X 0 0 0 CHLOE LAWRENCE SEC./TREAS. 4.0 0.0 X X 0 0 0 RICK CLARK OFFICER/DIRECT STARTED 1/1/23 4.0 10.0 X X 0 0 0 JOAO MARCOS OFFICER/DIRECTOR 4.0 0.0 X X 0 0 0 DEBBIE CONWAY DIRECTOR 4.0 0.0 X 0 0 0 PATRICK FLAHERTY DIRECTOR 4.0 0.0 X 0 0 0 JANICE LANEY DIRECTOR STARTED 1/1/23 4.0 0.0 X 0 0 0 TERRI MAINEY DIRECTOR 4.0 0.0 X 0 0 0 MIKE MCFARLIN DIRECTOR 4.0 0.0 X 0 0 0 GEIR RAMLETH DIRECTOR 4.0 0.0 X 0 0 0 ANDREA STILLO DIRECTOR 4.0 0.0 X 0 0 0 NANCY TAGUE DIRECTOR STARTED 1/1/23 4.0 1.0 X 0 0 0 KEVIN TRUAX DIRECTOR STARTED 1/1/23 4.0 0.0 X 0 0 0 JAMIE WALTERS DIRECTOR 4.0 0.0 X 0 0 0 BROOKE WHARTON DIRECTOR 4.0 0.0 X 0 0 0 BILLY WILLIAMS DIRECTOR 4.0 0.0 X 0 0 0 JOE WOLFE DIRECTOR 4.0 0.0 X 0 0 0 NANCY TAGUE OFFICER/DIRECT. THRU 12/22 4.0 1.0 X X 0 0 0 RICK CLARK DIRECTOR THRU 12/22 4.0 10.0 X 0 0 0 JENNIFER GREENLEAF DIRECTOR THRU 12/22 4.0 0.0 X 0 0 0 MIKE HANCOCK DIRECTOR THRU 12/22 4.0 10.0 X 0 0 0 MARK BLAKE EX-OFFICIO 4.0 10.0 X 0 0 0 0 0 0 0 false false false 0 376003 170048 376003 546051 OTHER REVENUE 0 0 0 30696 30696 0 0 0 0 0 0 676113 603169 603169 72944 72944 0 0 0 0 0 0 MISCELLANEOUS REVENUE 64 64 649755 103640 78168 78168 83350 83350 0 0 0 0 0 0 0 0 0 2956 2956 3517 3517 0 1998 1998 0 0 14075 14075 7873 1940 5933 0 0 0 46057 37225 8832 0 0 0 0 0 0 OUTSIDE PRINTING & ARTWORK 9356 243 9113 MEETING EXPENSE 1088 1088 DUES AND REGISTRATION FEES 8596 8596 BANK SERVICE CHARGES 3563 23 3540 260597 200949 57650 1998 1655828 58664 33891 2059591 0 0 5702 276 0 0 0 0 0 0 0 0 5644 1875 0 0 269869 283589 0 0 0 0 0 0 0 0 1970934 2403995 46395 37212 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 39714 46395 76926 X 1633984 1634108 290555 290431 1924539 2327069 1970934 2403995 389158 13372 X false true X true false X 155636 170637 171560 196830 160118 854781 0 0 155636 170637 171560 196830 160118 854781 533540 321241 7435 9279 7570 6732 30696 61712 0 0 916493 998443 0.35051 0.62379 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 ACCRUED PAYABLES 2722 DUE TO NRHA 36992 39714 SCHEDULE D, PART X, LINE 2 THE RHF IS A NOT-FOR-PROFIT CORPORATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. INCOME GENERATED FROM ACTIVITIES UNRELATED TO RHF'S EXEMPT PURPOSE IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE RHF IS INCLUDED IN ONE CONSOLIDATED FINANCIAL STATEMENT WITH THE NRHA, WHICH IS A NOT-FOR-PROFIT CORPORATION DESCRIBED IN SECTION 501(C)(5) OF THE CODE. THE CONSOLIDATED GROUP (THE GROUP) FOLLOWS ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, TO DISCLOSE POSSIBLE UNCERTAIN TAX POSITIONS. THE GROUP EVALUATES ANY UNCERTAIN TAX POSITION USING THE PROVISIONS OF ASC 450, CONTINGENCIES. THE GROUP DOES NOT BELIEVE THAT IT HAS ENGAGED IN ANY ACTIVITY THAT WOULD RESULT IN AN UNCERTAIN TAX POSITION. AS A RESULT, MANAGEMENT DOES NOT BELIEVE THAT ANY UNCERTAIN TAX POSITIONS CURRENTLY EXIST AND NO LOSS CONTINGENCY HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FEDERAL AND STATE INCOME TAX STATUTES REQUIRE THAT THE TAX RETURNS FILED IN ANY OF THE PREVIOUS THREE REPORTING PERIODS REMAIN OPEN TO EXAMINATION. THIS WOULD INCLUDE RETURNS FILED FOR THE YEARS ENDED JUNE 30, 2021 THROUGH JUNE 30, 2023. CURRENTLY, THE GROUP HAS NO OPEN EXAMINATION WITH EITHER THE INTERNAL REVENUE SERVICE OR STATE TAXING AUTHORITIES. SLIDER'S NIGHT 529884 46049 483835 46049 194639 RAISE-A-MILLION 435981 299004 136977 299004 9242 3 86250 30950 55300 30950 23284 1052115 376003 676112 376003 227165 603168 72944 CONDUCT RAFFLES. 3021 WEST RENO AVE OKLAHOMA CITY OK 73107 true NATIONAL REINING HORSE ASSOCIATION 3021 WEST RENO AVENUE OKLAHOMA CITY OK 73107 310826605 78168 TRANSACTION WAS REIMBURSMENT TO NRHA FOR PART OF LESLIE BAKER'S SALARY AS RHF EXECUTIVE DIRECTOR. DALE WILKINSON MEMORIAL CRISIS FUND 10 56700 YOUTH SCHOLARSHIPS 16 26650 PART I, LINE 2 FOR GRANTS TO IRC SECTION 501(C)(3) ORGANIZATIONS, THE FOUNDATION USES A VARIETY OF METHODS TO CONFIRM PUBLIC CHARITY STATUS, WHICH MAY INCLUDE RECEIPT OF THE ORGANIZATION'S TAX DETERMINATION LETTER OR REVIEW OF THE GRANTEE'S MOST RECENT FORM 990. IN ADDITION, THE FOUNDATION ENSURES GRANT PAYMENTS TO ALL GRANTEES, WHETHER TO A 501(C)(3) ORGANIZATION OR ANY OTHER GRANTEE, TO FURTHER ITS CHARITABLE PROGRAMS. PART I, LINE 2 THE REINING HORSE FOUNDATION IS COMMITTED TO PROVIDING LEADERSHIP AND SCHOLARSHIP OPPORTUNITIES TO ENABLE YOUTH TO FURTHER EXCEL IN THEIR FUTURE CAREERS AND COMPETITION. DETERMINATION FOR A SCHOLARSHIP IS BASED ON FINANCIAL NEED, ACADEMIC ACHIEVEMENT, CAREER PLANS, NATIONAL REINING HORSE ASSOCIATION AND NATIONAL REINING HORSE YOUTH ASSOCIATION INVOLVEMENT, AND REFERENCES. SCHOLARSHIP GRANTS FOR STUDENTS ARE PAID DIRECTLY TO THE APPLICABLE UNIVERSITY OR SCHOOL OR BURSAR'S OFFICE FOR EDUCATIONAL ONLY EXPENSES. IN ORDER TO BE ELIGIBLE FOR A CRISIS FUND PAYMENT, THE INDIVIDUAL MUST MEET THE CRISIS FUND GUIDELINES AND BE APPROVED BY THE CRISIS FUND REVIEW COMMITTEE. X STALLION BREEDING 11 30950 COMPARABLE SALES X FRAMED DALE WILKINSON SKETCH 1 200 FAIR MARKET VALUE X JEWELRY 1 3000 FAIR MARKET VALUE X FRAMED LITHOGRAPHY PRINT 1 200 FAIR MARKET VALUE X CALIFORNIA VACATION 1 10000 FAIR MARKET VALUE X AMERICAN PERFORMANCE HORSEMAN VIP TICKETS 2 50000 FAIR MARKET VALUE X JOHN DEERE GATOR 1 7649 FAIR MARKET VALUE false true false SCHEDULE M, PART II THE INFORMATION PROVIDED IN PART I, COLUMN (b) IS THE NUMBER OF ITEMS CONTRIBUTED. PART VI, QUESTION 7a THE NATIONAL REINING HORSE ASSOCIATION (SOLE MEMBER) SHALL BE QUALIFIED TO VOTE OR FURNISH ANY NECESSARY CONSENT, APPROVAL, OR RATIFICATION OR TAKE OTHER ACTION ON ANY ISSUE THAT MAY PROPERLY BE PRESENTED TO THE MEMBER. AMONG OTHER THINGS, SELECTION, ELECTION, APPOINTMENT, AND REMOVAL OF MEMBERS OF THE BOARD OF DIRECTORS MUST BE SUBMITTED TO, AND RECEIVE THE APPROVAL OF, THE SOLE MEMBER. PART VI, QUESTION 7b THE FOLLOWING MATTERS MUST BE SUBMITTED TO, AND RECEIVE APPROVAL OF, THE NATIONAL REINING HORSE ASSOCIATION (SOLE MEMBER): 1. AMENDMENT OR RESTATEMENT OF THE CERTIFICATE OF INCORPORATION OR THE BYLAWS; AND 2. MERGER OR CONSOLIDATION OF THE CORPORATION WITH OR INTO ANY OTHER ENTITY, ENTERPRISE, AGENCY, OR BODY; SALE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION; ACQUISITION OF THE CORPORATION BY ANY OTHER ENTITY OR ENTERPRISE; OR CONVERTING THE CORPORATION INTO ANY OTHER FORM OF ENTITY. 3. SELECTION OF INDEPENDENT AUDITORS OF THE CORPORATION; 4. THE DISSOLUTION, LIQUIDATION, OR TERMINATION OF THE BUSINESS OF THE CORPORATION; 5. ANY CHANGES IN THE PURPOSE OF THE CORPORATION; 6. ANY DECISION TO FILE A VOLUNTARY PETITION UNDER ANY LAW INVOLVING THE ADJUDICATION OF THE CORPORATION AS BANKRUPT OR INSOLVENT OR TAKING ANY ACTION WITH RESPECT TO THE REORGANIZATION OF THE CORPORATION. PART VI, QUESTION 11b THE FOUNDATION ENGAGES A PAID PREPARER EXPERIENCED IN THE PREPARATION OF FORM 990 TO PREPARE THE RETURN. A COPY OF THE FORM 990 IS EMAILED TO ALL BOARD MEMBERS FOR THEIR REVIEW BEFORE IT IS FILED. PART VI, QUESTION 12c THE CONFLICTS OF INTEREST POLICY IS REVIEWED AT THE FIRST BOARD OF DIRECTORS MEETING EACH YEAR. AT THAT TIME, EACH DIRECTOR HAS THE OPPORTUNITY TO DISCLOSE ANY POTENTIAL CONFLICT TO MANAGEMENT. DIRECTORS ARE ALSO REMINDED TO DISCLOSE ANY CONFLICTS THAT ARISE DURING THE YEAR DURING REGULARLY SCHEDULED BOARD MEETINGS. PART VI, QUESTIONS 15a AND 15b THE REINING HORSE FOUNDATION DOES NOT HAVE ANY COMPENSATED DIRECTORS, OFFICERS, OR KEY EMPLOYEES. AS SUCH, NO REVIEW OR APPROVAL OF THE COMPENSATION DETERMINATION PROCESS HAS BEEN REQUIRED. PART VI, QUESTION 1a THE EXECUTIVE COMMITTEE SHALL CONSIST OF UP TO FIVE OFFICERS OF THE CORPORATION. THE EXECUTIVE COMMITTEE MAY MEET AT STATED TIMES OR ON NOTICE TO ALL OF ITS MEMBERS. DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE MAY GENERALLY PERFORM THE DUTIES AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS, EXCEPT THAT THE EXECUTIVE COMMITTEE MAY NOT (A) ADOPT, AMEND, OR REPEAL ANY PROVISION OF THE CERTIFICATE OF INCORPORATION OR BYLAWS (B) FILL BOARD VACANCIES, (C) CHANGE MEMBERSHIP OF, OR FILL VACANCIES IN, THE EXECUTIVE COMMITTEE, (D) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD WHICH BY ITS TERMS MAY NOT BE SO AMENDED OR REPEALED. THE EXECUTIVE COMMITTEE SHALL REPORT ON ITS ACTIONS AT THE NEXT MEETING OF THE BOARD OF DIRECTORS. PART VI, QUESTION 19 THE REINING HORSE FOUNDATION, INC.'S CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. NATIONAL REINING HORSE ASSOCIATION 3021 WEST RENO AVE OKLAHOMA CITY OK 73107 310826605 REINING OK 501(c)(5) N/A NA false false false true false false false false false false false false false true true true true true false false