Overview
What is Reno Snaffle Bit Futurity?
Reno Snaffle Bit Futurity is a nonprofit organization, headquartered in Kingsburg, California, with a mission to educate the public and foster national and international competition in the field of cutting horses. Their primary activity is an annual event held in Reno, Nevada, where horse and rider teams showcase their skills in herd, rein, and fence work. Beyond this, the organization engages in various charitable and educational endeavors as permitted by state law.
Official website here: www.renosnafflebitfuturity.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
The Reno Snaffle Bit Futurity has received a One-Star rating due to a low overall score of 54%, which reflects significant weaknesses in its accountability and finance practices. The score is predominantly based on a single beacon score, which highlights concerns in areas such as board independence, financial transparency, and governance policies. Notably, the organization has no independent board members and lacks essential financial documents on its website.
While the organization does demonstrate a strong program expense ratio of 100%, which indicates all its expenses are dedicated to its programs, it falls short in critical governance areas. The absence of a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about organizational transparency and accountability. Furthermore, the financial statements required for proper oversight are not available, which impacts stakeholders' ability to assess the charity's financial health.
Overall, while the Reno Snaffle Bit Futurity is committed to its programs, the lack of independent oversight and transparency could hinder trust among donors and the public. It is essential for the organization to address these governance deficiencies to improve its rating and build confidence among its supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Reno Snaffle Bit Futurity legitimate?
Reno Snaffle Bit Futurity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reno Snaffle Bit Futurity 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: $0
For more financial information, click here
Official website here: www.renosnafflebitfuturity.com
What is the mission statement of Reno Snaffle Bit Futurity?
The Reno Snaffle Bit Futurity's mission is centered around educating the public and promoting national and international competitions related to cutting horses. The organization aims to carry out other charitable and educational activities associated with this goal, as permitted by state law. Primarily, they organize an annual event featuring horse and rider competitions in herd, rein, and fence work. This event is held in Reno, Nevada, but the mission statement emphasizes broader educational goals beyond the scope of this specific event.
Official website here: www.renosnafflebitfuturity.com
Who is the CEO of Reno Snaffle Bit Futurity?
Leonard D Hanson is the President of Reno Snaffle Bit Futurity.
Official website here: www.renosnafflebitfuturity.com
What is the revenue of Reno Snaffle Bit Futurity?
Reno Snaffle Bit Futurity's revenue in 2022 was $812,683.
Official website here: www.renosnafflebitfuturity.com
Who are the executives of Reno Snaffle Bit Futurity and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.renosnafflebitfuturity.com
Where can I find the form 990 for Reno Snaffle Bit Futurity?
Reno Snaffle Bit Futurity's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.renosnafflebitfuturity.com
Learn more at the official website: www.renosnafflebitfuturity.com
Mission Statement of Reno Snaffle Bit Futurity
Reno Snaffle Bit Futurity, as a corporation, is dedicated to enlightening the public about national and international competitions involving cutting horses. Its primary objective is to organize and promote such events, adhering to the guidelines set by the state law. Beyond this, the organization aims to engage in other charitable and educational activities that are related to this goal. The annual event held in Reno, Nevada, serves as a platform for showcasing the skill and partnership between horses and their riders in herd work, rein work, and fence work competitions. This event not only entertains but also educates the public about this unique equestrian sport.
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Impact
July, 2024
The Reno Snaffle Bit Futurity has made a significant impact on the world of cutting horses and horsemanship. By hosting an annual NRCHA event in Reno, Nevada, this competition has provided a platform for horse and rider teams to showcase their skills in herd, rein, and fence work. This event not only promotes national and international competition in the cutting horse community but also educates the public about this sport. Through its activities, the Reno Snaffle Bit Futurity has helped raise awareness and appreciation for the art and skill of working with cutting horses.
This information is meant to be a general summary of Reno Snaffle Bit Futurity. 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: $46
- Program Service Revenue: $812,637
- Gross Receipts: $812,683
Assets and Liabilities:
- Total Assets: $71,880
- Total Liabilities: $21,787
- Net Assets: $50,093
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Annual NRCHA Event
Revenue
$812,637
Organization Details
Founding Year
2016
Phone
(559) 359-0357Principal Officer
Leonard D Hanson
Main Address
38568 WARD DRIVE, KINGSBURG, CA, 93631
NTEE Category
Code: N69 - Recreation
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