Overview
What is National Snaffle Bit Association Foundation Inc?
The National Snaffle Bit Association Foundation Inc, located in Gurnee, Illinois, is a charitable and educational organization established in 2009. It is dedicated to supporting the equine community. The foundation's primary mission is to provide financial assistance to NSBA trainers who encounter extreme hardships due to accidents, illnesses, or disasters. By offering this crisis fund, the organization aims to alleviate the financial burden faced by trainers during challenging times. The National Snaffle Bit Association Foundation Inc continues to serve as a vital resource for the equine community, playing a significant role in supporting its members during times of need.
Official website here: www.nsba.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating. This score reflects a solid performance in the Accountability & Finance beacon, indicating a responsible handling of financial resources. The organization scored particularly well in areas such as having a majority of independent board members and maintaining a strong program expense ratio, which suggests that a significant portion of its resources is directed towards its mission-driven programs.
Strengths include a fully independent board and effective oversight, as evidenced by their high scores in various governance and financial metrics. The National Snaffle Bit Association Foundation demonstrates transparency through listed documents and policies such as conflict of interest guidelines, contributing to its positive financial management evaluation.
However, some limitations were noted, particularly regarding missing policies such as a whistleblower policy and document retention, as well as the absence of the tax form on the nonprofit's website. These areas present opportunities for improvement in governance and transparency that could enhance the organization's overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is National Snaffle Bit Association Foundation Inc legitimate?
National Snaffle Bit Association Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Snaffle Bit Association Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,000
For more financial information, click here
Official website here: www.nsba.com
What is the mission statement of National Snaffle Bit Association Foundation Inc?
The National Snaffle Bit Association Foundation Inc., established in 2009, functions as a charitable and educational organization with a focus on supporting the equine community. Its mission is to provide aid and promote knowledge within this community. One of its key initiatives is the Crisis Fund, which offers financial assistance to NSBA trainers encountering extreme hardship due to accidents, illnesses, or disasters. This foundation strives to support and uplift the equine community in times of need.
Official website here: www.nsba.com
Who is the CEO of National Snaffle Bit Association Foundation Inc?
Beth Hartman is the Chair of National Snaffle Bit Association Foundation Inc.
Official website here: www.nsba.com
What is the revenue of National Snaffle Bit Association Foundation Inc?
National Snaffle Bit Association Foundation Inc's revenue in 2022 was $724,772.
Official website here: www.nsba.com
Who are the executives of National Snaffle Bit Association Foundation Inc and what are their salaries?
There 9 volunteers at National Snaffle Bit Association Foundation Inc.
Here are 10 key members and their salaries:
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Official website here: www.nsba.com
Where can I find the form 990 for National Snaffle Bit Association Foundation Inc?
National Snaffle Bit Association Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nsba.com
Learn more at the official website: www.nsba.com
Mission Statement of National Snaffle Bit Association Foundation Inc
The National Snaffle Bit Association Foundation Inc, established in 2009, is a charitable and educational organization with a mission to support the equine community. This mission is carried out through various means, placing a significant emphasis on the well-being of NSBA trainers. In times of extreme hardship, such as accidents, illnesses, or disasters, the Foundation provides financial assistance to these trainers through its Crisis Fund. This support serves as a crucial lifeline, enabling the trainers to overcome their challenges and continue their work within the equine community.
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Impact
October, 2024
The National Snaffle Bit Association Foundation Inc significantly impacts the equine community by providing crucial financial assistance through its Crisis Fund. This initiative supports NSBA trainers facing extreme hardships due to accidents, illness, or disasters, ensuring that they receive the help they need during difficult times. Founded in 2009, the organization is committed to educational efforts and training, promoting the overall welfare and advancement of horse-related disciplines. By fostering a supportive environment for trainers, the foundation strengthens the community and enhances the quality of equine care and training.
This information is meant to be a general summary of National Snaffle Bit Association Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $656
- Gross Receipts: $724,772
Assets and Liabilities:
- Total Assets: $1,064,341
- Total Liabilities: $0
- Net Assets: $1,064,341
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Organization Details
Founding Year
2009
Phone
(847) 623-6722Principal Officer
Beth Hartman
Main Address
1391 ST PAUL AVE, GURNEE, IL, 60031
Website
www.nsba.comNTEE Category
Code: B82 - Education
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