New Mexico Cutting Horseassociation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 850380226 ✦ Texline, TX ✦ Designated as a 501(c)(5)

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Overview

What is New Mexico Cutting Horseassociation?

The New Mexico Cutting Horse Association is a nonprofit organization, specifically based in Texline, Texas (with a mailing address in PO Box 68). Their primary mission is to foster public appreciation and understanding of livestock and ranching traditions. They achieve this by organizing and sponsoring public cutting horse contests. The association also extends its support to young individuals involved in the Youth Cutting program, as demonstrated by the 2021 scholarship award and funds set aside for future recipients. This philanthropic effort underscores their commitment to nurturing deserving students in the field.

Is New Mexico Cutting Horseassociation legitimate?

New Mexico Cutting Horseassociation is a legitimate nonprofit organization registered as a 501(c)(5) entity. New Mexico Cutting Horseassociation 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

What is the mission statement of New Mexico Cutting Horseassociation?

The New Mexico Cutting Horse Association's mission is centered around fostering public understanding and appreciation for livestock and ranching traditions. They achieve this by promoting and sponsoring public cutting horse contests. This organization is committed to supporting youth involved in the sport, as evidenced by the annual scholarship awarded for higher education. Funds are also set aside for future scholarship recipients.

In simpler terms, the association aims to educate the public about livestock and ranching practices through public events, specifically cutting horse competitions. They also invest in the future of the sport by offering scholarships to deserving students with an interest in cutting horse activities.

Who is the CEO of New Mexico Cutting Horseassociation?

Kim Adolf is the Vice President of New Mexico Cutting Horseassociation.

What is the revenue of New Mexico Cutting Horseassociation?

New Mexico Cutting Horseassociation's revenue in 2022 was $234,822.

Who are the executives of New Mexico Cutting Horseassociation and what are their salaries?


Here are 4 key members and their salaries:


Kathy Bro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Wood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Adolf (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dannica Percevich (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for New Mexico Cutting Horseassociation?

New Mexico Cutting Horseassociation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of New Mexico Cutting Horseassociation

The New Mexico Cutting Horse Association, an esteemed organization, is dedicated to fostering public interest and appreciation for livestock and ranching practices and traditions. They accomplish this mission by promoting and sponsoring public cutting horse contests. By doing so, they aim to encourage a deeper understanding and admiration for these age-old operations and traditions. In addition, the association has shown a commitment to supporting the youth involved in cutting horse activities. In 2021, they awarded a scholarship to a deserving student for higher education, and funds have been set aside for future scholarship recipients.

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Impact




October, 2024

The New Mexico Cutting Horse Association plays a significant role in promoting the sport of cutting horse contests, fostering a greater public understanding and appreciation of livestock and ranching traditions. By sponsoring and organizing events, the association creates opportunities for participants to showcase their skills and heritage, enhancing community engagement and cultural awareness.

The association is particularly invested in supporting youth involvement in the sport, exemplified by their scholarship initiatives. In 2021, a scholarship was awarded to a deserving candidate, demonstrating a commitment to encouraging young people to pursue education while maintaining their ties to the cutting horse community. Furthermore, funds have been allocated for future scholarships, highlighting the association's dedication to fostering the next generation of ranchers and equestrian enthusiasts.

Through these efforts, the New Mexico Cutting Horse Association not only preserves important agricultural traditions but also cultivates recreational opportunities that enrich the lives of individuals and families within the region.




This information is meant to be a general summary of New Mexico Cutting Horseassociation. 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.

Revenue
$234,822 (2022)
Expenses
$235,295 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $784
  • Program Service Revenue: $214,385
  • Gross Receipts: $234,822

Assets and Liabilities:

  • Total Assets: $146,753
  • Total Liabilities: $0
  • Net Assets: $146,753

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Entry Fees

Revenue

$207,995

Approval Fees

Revenue

$6,390

Organization Details

Founding Year

1961

Principal Officer

Kim Adolf

Main Address

PO Box 68, Texline, TX, 79087

NTEE Category

Code: N03 - Recreation

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