2024-12-09T07:06:47-08:00 2023-12-31 752593210 Sutton Frost Cary LLP 200 E Front St Suite 200 Arlington TX 76011 990 2023-01-01 271434965 NATIONAL SNAFFLE BIT ASSOCIATION FOUNDATION INC NATI 8476236722 120 MESA ST WEATHERFORD TX 76086 BETH HARTMAN CHAIR 2024-12-09 true true Carroll Elizabeth Arnott P01965628 8176498083 2023 2024-10-15 13:58:12Z X X STEPHANIE LYNN 120 MESA ST WEATHERFORD TX 76086 4399355 false X N/A X 2009 IL The mission of the National Snaffle Bit Association Foundation, Inc. is to enhance the well-being of the show horse community through various charitable programs that benefit horse people, horses and the relationships they create. 10 10 0 9 0 683523 807641 0 656 62583 40593 -28301 724772 841923 46750 72376 0 20000 15000 0 28200 315678 385612 382428 472988 342344 368935 1064341 1419044 7908 1064341 1411136 FOUNDED IN 2009, THE FOUNDATION IS A CHARITABLE AND EDUCATIONAL ORGANIZATION DEDICATED TO SUPPORTING THE EQUINE COMMUNITY. false false 205876 29675 Tomorrows Horsemen educational a two year program to educate and assist emerging equine professionals so they can create a sustainable business 152432 35000 Equestrians with Disabilities inclusion and fostering national sports competition for riders with all abilities 86330 7701 Coaches Summit - educational a program for all therapeutic riding instructors that want to start an equestrians with disabilities program or want to learn how to better their current programs. 444638 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 false true true false false false false false false false false true false false false false true false false false true 3 0 true 0 false false false false false false false 0 false false false false false false false X 10 10 false false false false false false false true false false false true true true true false false false false false IL X ALLISON WATSON 8476236722 120 MESA ST WEATHERFORD TX 76086 STEPHANIE LYNN Executive Dir. 2.50 40.00 X 0 165000 0 BETH HARTMAN CHAIR 0.20 0.00 X X 0 0 0 RYAN COTTINGIM CHAIR ELECT 0.20 0.00 X X 0 0 0 LANCE BRYSON Treasurer 0.20 0.00 X X 0 0 0 BARBARA CRAWFORD Director 0.20 0.00 X 0 0 0 NANCY DITTY Director 0.20 0.00 X 0 0 0 JENNIFER LEAVENGOOD Director 0.20 0.00 X 0 0 0 BOB KENNEDY Director 0.20 0.00 X 0 0 0 ROBIN SOWELL Director 0.20 0.00 X 0 0 0 DEVON MARTIN Director 0.20 0.00 X 0 0 0 JOHN HALPIN Director 0.20 0.00 X 0 0 0 165000 0 false true false 0 82064 725577 28200 807641 0 37103 37103 0 0 0 3543556 3518076 25480 25480 25480 11055 82064 39356 -28301 -28301 0 0 0 841923 34282 X 0 72376 72376 0 0 0 0 15000 15000 0 0 0 0 3996 3996 19160 19160 0 0 150 150 72928 72928 500 500 75385 75385 7453 7453 0 0 122555 122555 0 0 0 0 0 938 938 SPONSORSHIPS 30250 30250 IN-KIND 28200 28200 SHOWS 18268 18268 FEES 5829 5829 0 472988 444638 150 28200 1190431 499756 0 0 25000 0 0 0 0 2500 0 40581 201113 488843 0 0 0 35161 0 1064341 1419044 2000 5908 0 7908 X 362091 495829 702250 915307 1064341 1411136 1064341 1419044 368935 -22140 X false true X true false X 366294 184584 542512 683523 779441 2556354 0 0 366294 184584 542512 683523 779441 2556354 593814 1962540 4039 1914 1149 656 37103 44861 0 0 2601215 0.75450 0.99600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED DUE TO AFFILIATE 5908 5908 X 858989 -22140 39356 17216 841773 150 150 841923 512194 39356 39356 472838 150 150 472988 Part X : FIN48 Footnote The NSBA and NOHSA are exempt from federal taxes under Section 501(c)(5). The Foundation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Associations exempt purposes is subject to tax under IRC Section 511. The Association had no unrelated business income for the year ending December 31, 2023. Accordingly, no provision has been made for federal income tax in the accompanying consolidated financial statements.GAAP requires the evaluation of tax positions taken in the course of preparing the Associations tax return and recognition of a tax liability (or asset) if the Association has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Association, and has concluded that as of December 31, 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 SPECIAL EVENTS EXPENSES $39356 Part XII, Line 2d: Other expenses and losses per audited F/S SPECIAL EVENTS EXPENSE $39356 false AUCTION 62542 62542 4650 15109 C&C 16692 10068 6624 6624 2531 1 8885 4454 4431 4431 250 4785 88119 77064 11055 4650 11055 250 22425 38380 -27325 true 0 0 MEDICAL AND HOUSING ASSISTANCE 9 35000 SCHOLARSHIPS 5 13500 STALLS 39 16175 TRAVEL 9 7701 Additional Supplemental Information ALL INDIVIDUALS GRANT OR SCHOLARSHIP ASSISTANCE COMPLETE AN APPLICATION WHICH IS REVIEWED FOR APPROVAL. IN THE CASE OF SCHOLARSHIP ASSISTANCE, ONCE APPROVED THE FUNDS ARE PAID DIRECTLY TO THE STUDENT'S SCHOOL ENSURING THE FUNDS ARE USED FOR EDUCATIONAL RELATED EXPENSES SUCH AS TUITION OR ROOM AND BOARD. FUNDS PROVIDED FOR MEDICAL OR HOUSING ASSISTANCE ARE REVIEWED BY THE EXECUTIVE DIRECTOR OF THE FOUNDATION WHO DIRECTS WHEN AND TO WHOM THE FUNDS ARE PAID. false false false false false false false false false STEPHANIE LYNN Executive Dir. 165000 165000 X TRAILER 1 28200 FMV false false false Form 990, Part VI, Section A, Line 8b THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Section B, Line 11b THE 990 IS REVIEWED BY THE FOUNDATION'S BOOKKEEPER. ONCE REVIEWED, IT IS PROVIDED TO THE FULL GOVERNIMG BODY PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c THERE IS AN ANNUAL REVIEW OF BOARD MEMBER ACTIVITY. THE EXECUTIVE DIRECTOR, DEVELOPMENT DIRECTOR, AND TREASURER ALSO REVIEW MONTHLY DEPOSITS AND EXPENSES WHICH WOULD INDICATE ANY BOARD ACTIVITY TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. Form 990, Part VI, Section C, Line 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. NATIONAL SNAFFLE BIT ASSOCIATION INC 120 MESA ST WEATHERFORD TX 76086 581571998 PROMOTE EXHIBITS, EVENTS TRAINING AND IN GA 501(C)(5) N/A false false false false false true false false false false false false false true true true true true false false NATIONAL SNAFFLE BIT ASSOCIATION INC e 5908 AMOUNT DUE NATIONAL SNAFFLE BIT ASSOCIATION INC p 188145 CASH PAID NATIONAL SNAFFLE BIT ASSOCIATION INC q 238255 CASH RECEIVED