Ushja Foundation INC FY2020 filing

Tax-deductible

Lexington, KY501(c)(3)Recreation & SportsEIN 26-2472549Revenue $287K in FY2020

On file with the IRSushja.org/foundation3870 Cigar Ln, 40511-8931 · Lexington, KYTax-exempt since Aug 2009Supporting org, Type I — 509(a)(3)

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The Ushja Foundation advances the educational, humanitarian and competitive programs of the Ushja.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $37K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
33 mo
of spending, in cash
Looks good: 33.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $222K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$43K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$287K
Spent
$319K
To programs
87%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$287K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$287K
FY2021$208K
FY2022$350K
FY2023$380K
FY2024$430K
Expenses
$319K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$319K
FY2021$346K
FY2022$251K
FY2023$220K
FY2024$336K
Net assets
$1.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$1.8M
FY2022$1.8M
FY2023$1.9M
FY2024$2.2M

From the FY2020 Form 990 (year ending November 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $276K Management & general 8% · $24K Fundraising 6% · $19K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Former Direc
$0Pt VII · Sec A
See Ushja Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports educational, humanitarian, and competitive equestrian programs.

Questions for Ushja Foundation INC

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Provided by the organization

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3 programs · $259K · in their own filed words · FY2019
01

Horseman assistance grants -the horseman's assistance fund was established to provide emergency financial support to individuals, horses, or organizations that require assistance as a result of illness, injury AND/OR otherwise incapacitated due to a catastrophic accident or natural disaster.

$108Kprogram expense
02

Scholarships and Grants

The ushja foundation has multiple scholarships and grants available to ushja members annually. The hamel scholarship for further education is designed to encourage further education among equestrians and will award up to 25k to one ushja member for college, graduate, trade or professional school.

$101Kprogram expense
03

Support of Ushja Programs

The foundation provides support for various united states hunter jumper association, INC.'S programs, including, but not limited to the horsemanship quiz challenge, the wheeler museum, horsemanship clinics, and other ushja awards programs.

$51Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 24 grants · $457K · 2019–2023
Unitemized GrantFY2023$25,000
Unitemized GrantFY2023$22,930
Unitemized GrantFY2023$10,920
Unitemized GrantFY2023$3,500
Unitemized GrantFY2023$1,000
Unitemized GrantFY2023$500
Unitemized GrantFY2023$500
Unitemized GrantFY2022$30,500
Unitemized GrantFY2022$21,841
Unitemized GrantFY2022$21,250
Unitemized GrantFY2022$2,500
Unitemized GrantFY2022$1,000
Unitemized GrantFY2021$46,350
Unitemized GrantFY2021$32,393
Unitemized GrantFY2021$22,596
Unitemized GrantFY2021$1,851
Unitemized GrantFY2020$35,000
Unitemized GrantFY2020$28,601
See all 24 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$287K
Ln 12
Gifts and grantsLn 1h$237K
Investment incomeLn 3$37K
Other incomeLn 4–11$13K
Money outPt IX
$319K
Ln 25
Programscol B$276K
Managementcol C$24K
Fundraisingcol D$19K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$887K
Total assetsLn 16$1.9M
LiabilitiesLn 26$43K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$237K
Noncash giftsLn 1g$45K
Fundraising eventsLn 1c$101K
Investment incomeLn 3$37K
Other incomeLn 4–11$13K
Total revenueLn 12$287K
Assets in detailPt X, end of year
CashLn 1$34K
SavingsLn 2$853K
Cash and savings togetherLn 1–2$887K
InvestmentsLn 11–13$966K
Land, buildings, equipmentLn 10c$701
Total assetsLn 16$1.9M
LiabilitiesLn 26$43K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderNovember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$958K$887K
InvestmentsLn 11–13$878K$966K
Land, buildings, equipmentLn 10c$3K$701
Total assetsLn 16$1.9M$1.9M
LiabilitiesLn 26$61K$43K
Net assetsLn 32$1.9M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$143K$143K
Management feesLn 11a$75K$64K$2K$8K
Legal feesLn 11b$306$306
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$642$237$351$54
Information technologyLn 14$219$219
TravelLn 17$5K$707$4K
Conferences, conventions and meetingsLn 19$726$726
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$75K$68K$4K$3K
Total functional expensesLn 25$319K$276K$24K$19K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $430K$336K$95K$2.2M 990 PDF
FY2023 $380K$220K$160K$1.9M 990 PDF
FY2022 $350K$251K$99K$1.8M 990 PDF
FY2021 $208K$346K−$138K$1.8M 990 PDF
FY2020 Viewing $287K$319K−$32K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $286,712 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $424,900$236,996
I-9 Program service revenue$0
I-10 Investment incomePrior year $35,999$36,954
I-11 Other revenuePrior year −$7,830$12,762
I-12 Total revenuePrior year $453,069$286,712
I-13 Grants and similar amounts paidPrior year $82,810$143,106
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $429,023$175,683
I-18 Total expensesPrior year $511,833$318,789
I-19 Revenue less expensesPrior year −$58,764−$32,077
Part VI · Governance 3 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $286,712 across 7 lines filed
VIII-1c Fundraising events$101,276
VIII-1f All other contributions, gifts and grants$135,720
VIII-1g Noncash contributions (included above)$44,766
VIII-1h Total contributions, gifts and grants$236,996
VIII-3 Investment incomeExcluded from tax $36,954$36,954
VIII-8 Net income from fundraising eventsExcluded from tax $12,762$12,762
VIII-12 Total revenueExcluded from tax $49,716$286,712
Part IX · Statement of functional expenses $318,789 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $143,106$143,106
IX-11a Management feesPrograms $64,380 · Management $2,232 · Fundraising $8,388$75,000
IX-11b Legal feesManagement $306$306
IX-11c Accounting feesManagement $6,500$6,500
IX-11g Other fees for servicesFundraising $3,000$3,000
IX-12 Advertising and promotionManagement $4,129$4,129
IX-13 Office expensesPrograms $237 · Management $351 · Fundraising $54$642
IX-14 Information technologyManagement $219$219
IX-17 TravelManagement $707 · Fundraising $4,218$4,925
IX-19 Conferences, conventions and meetingsManagement $726$726
IX-22 Depreciation, depletion and amortizationManagement $1,900$1,900
IX-23 InsuranceManagement $2,994$2,994
IX-24 Other expenses (24a–d)Programs $68,471 · Management $3,871 · Fundraising $3,000$75,342
IX-25 Total functional expensesPrograms $276,194 · Management $23,935 · Fundraising $18,660$318,789
Part X · Balance sheet $1,910,249 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $24,181$34,352
X-2 Savings and temporary cash investmentsStart of year $933,648$852,609
X-3 Pledges and grants receivableStart of year $76,097$52,108
X-4 Accounts receivableStart of year $2,000$4,370
X-10c Land, buildings and equipment, netStart of year $2,602$701
X-11 Publicly traded securitiesStart of year $878,451$966,109
X-16 Total assetsStart of year $1,916,979$1,910,249
X-17 Accounts payable and accrued expensesStart of year $11,094$20,383
X-19 Deferred revenueStart of year $25,000$22,500
X-25 Other liabilitiesStart of year $25,305$605
X-26 Total liabilitiesStart of year $61,399$43,488
X-27 Net assets without donor restrictionsStart of year $1,473,553$1,591,258
X-28 Net assets with donor restrictionsStart of year $382,027$275,503
X-32 Total net assets or fund balancesStart of year $1,855,580$1,866,761
X-33 Total liabilities and net assetsStart of year $1,916,979$1,910,249
Part XI · Reconciliation of net assets $1,866,761 net assets at year end
XI-1 Total revenue$286,712
XI-2 Total expenses$318,789
XI-3 Revenue less expenses−$32,077
XI-4 Net assets at start of year$1,855,580
XI-5 Net unrealized gains (losses) on investments$43,258
XI-10 Net assets at end of year$1,866,761

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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