Overview
What is Reining Horse Foundation Inc?
The Reining Horse Foundation, situated within the Reining community, is dedicated to nurturing and acknowledging its future leaders. They accomplish this mission through the national Reining Horse youth association (NRHyA), a youth-led organization that they support. Each year, the NRHyA elects two delegates, welcoming all youth members of the association. The Foundation's commitment to education is evident in their fiscal year 2020, during which they distributed $31,200 in scholarships through various programs. One of these programs, the youth team tournament, awarded $15,600 in scholarships. These tournaments are held at affiliate events organized by the NRHA, contributing to the overall growth and development of the Reining community.
Official website here: www.reiningfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The Reining Horse Foundation Inc has achieved an impressive overall score of 96%, which reflects its strong performance in accountability and finance. This high rating indicates that the organization adheres to best practices in governance and financial management, which is crucial for instilling donor trust and ensuring effective use of resources.
One of the key strengths of the foundation is its governance structure, which features a fully independent board composed of 19 members. The organization has also demonstrated excellence in its financial oversight, as evidenced by its perfect scores in various metrics, including the absence of asset diversion and a solid liabilities-to-assets ratio of just 3.19%. Additionally, the foundation has implemented essential policies that promote transparency and accountability, such as conflict of interest and whistleblower policies.
While the Reining Horse Foundation Inc shows strong financial health with a program expense ratio of 72.75%, indicating that a significant portion of its expenditures directly supports its mission, potential donors might want to stay informed about ongoing program developments and community impact to ensure that their contributions are making a meaningful difference. Overall, the foundation stands out as a well-managed nonprofit committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Reining Horse Foundation Inc legitimate?
Reining Horse Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reining Horse 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.
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Official website here: www.reiningfoundation.com
What is the mission statement of Reining Horse Foundation Inc?
The Reining Horse Foundation's mission is centered around supporting and honoring the Reining community. They achieve this primarily through education, focusing on the future generation of Reining through the National Reining Horse Youth Association (NRHyA). This organization, supported by the Foundation, elects delegates annually and offers various scholarships to its youth members. In the fiscal year 2020, the Foundation awarded a total of $31,200 in scholarships through different programs, including the youth team tournament, which granted $15,600 in awards. These scholarships and tournaments are typically held at NRHA affiliate events.
Official website here: www.reiningfoundation.com
Who is the CEO of Reining Horse Foundation Inc?
Tim Anderson is the President of Reining Horse Foundation Inc.
Official website here: www.reiningfoundation.com
What is the revenue of Reining Horse Foundation Inc?
Reining Horse Foundation Inc's revenue in 2022 was $1,148,599.
Official website here: www.reiningfoundation.com
Who are the executives of Reining Horse Foundation Inc and what are their salaries?
There 25 volunteers at Reining Horse Foundation Inc.
Here are 20 key members and their salaries:
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Official website here: www.reiningfoundation.com
Where can I find the form 990 for Reining Horse Foundation Inc?
Reining Horse Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reiningfoundation.com
Learn more at the official website: www.reiningfoundation.com
Mission Statement of Reining Horse Foundation Inc
The Reining Horse Foundation, a dedicated organization, is committed to caring for and honoring its Reining community. Central to its mission is the education of future generations of Reining enthusiasts. It accomplishes this through its partnership with the national Reining Horse youth association (NRHyA), a leadership organization. This association elects two delegates annually, with the Foundation's support, open to all youth members.
The Foundation's mission extends beyond just electing delegates. It also financially supports the youth program by offering scholarships. In the fiscal year 2020, the Foundation awarded a significant sum of $31,200 in scholarships to deserving youth members. These scholarships were made possible through various programs, one of which was the youth team tournament program, which awarded an additional $15,600 in scholarships. These tournaments are held at NRHA affiliate events, providing a platform for young Reining enthusiasts to showcase their skills and talents.
In essence, the Reining Horse Foundation is a philanthropic organization that invests in the future of Reining. It achieves this by providing educational opportunities, offering financial support through scholarships, and fostering a sense of community and leadership through the NRHyA. Its mission is to nurture and celebrate the next generation of Reining horse enthusiasts.
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Impact
July, 2024
The impact of the Reining Horse Foundation Inc can be seen in its dedication to caring for and honoring the Reining community. Through its youth program, the Foundation educates the future of Reining by supporting the national Reining Horse youth association (NRHyA), a leadership organization. In fiscal year 2020, the Foundation awarded $31,200 in scholarships to youth members, with $15,600 specifically allocated for the youth team tournament program held at NRHA affiliate events. This support not only fosters the development of young riders but also contributes to the sustainability and growth of the Reining discipline.
This information is meant to be a general summary of Reining Horse 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: $6,732
- Gross Receipts: $1,485,859
Assets and Liabilities:
- Total Assets: $1,970,934
- Total Liabilities: $46,395
- Net Assets: $1,924,539
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER REVENUE
Organization Details
Founding Year
2001
Phone
(405) 946-7400Principal Officer
Tim Anderson
Main Address
3021 WEST RENO AVE, OKLAHOMA CITY, OK, 73107
Website
www.reiningfoundation.comNTEE Category
Code: N116 - Recreation
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