Ncha Charities Foundation FY2020 filing

Tax-deductible

Fort Worth, TX501(c)(3)Since 1981Youth DevelopmentEIN 75-1796627Revenue $660K in FY2020

On file with the IRSnchacutting.com260 Bailey Ave, 76107-1862 · Fort Worth, TXTax-exempt since Jan 1982Supporting organization — 509(a)(3)

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The NCHA Charities Foundation is organized and operated exclusively for charitable purposes as a supporting organization to the National Cutting Horse Association; and is organized and operated to encourage, promote and develop the Cutting Horse as a highly unique and exceptional equine athlete. The Foundation supportS and benefitS NCHA by maintaining scholarship funds, providing crisis funding, developing educational and animal welfare and research programs, and developing programs designed to honor the legendary people and great horses that have shaped our industry and to preserve and tell the stories of the great horses and horsewomen and horsemen of the past to future generations.

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
$96K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
4 of 5
filings with a surplus
Average surplus $103K a year · 18% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$96K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $103K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$660K
Spent
$563K
To programs
55%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$660K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$660K
FY2021$209K
FY2022$779K
FY2023$716K
FY2024$583K
FY2024$896K
Expenses
$563K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$563K
FY2021$462K
FY2022$457K
FY2023$477K
FY2024$471K
FY2024$736K
Net assets
$3.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$3.4M
FY2022$2.9M
FY2023$3.7M
FY2024$4.8M
FY2024$5.3M

From the FY2020 Form 990 (year ending June 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 Jan 1982.

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

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $312K Management & general 43% · $241K Fundraising 2% · $9K

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

7 people listed on the 990; $96K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Dir.
$96,413Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Julia Buswold’s $140K as Executive Dir. is at the 97th percentile of top reported officer pay among 1992 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2020
Julia Buswold$140,327$147,460—
Laura Wood-Thru 72020——$96,413

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Ncha Charities Foundation 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 15aYes

Programs and updates

Promotes cutting horses, supports education, scholarships, and preserves equine history.

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Provided by the organization

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3 programs · $296K · in their own filed words · FY2019
01

History and Preservation-The History and Preservation committee shall be responsible for acceptance, preservation, documentation and other activities relating to the curatorship of NCHA and the Foundations historic memorabilia and for making such memorabilia available to the public for educational and charitable purposes.

$249Kprogram expense
02

Scholarship-The Scholarship Committee shall provide financial assistance to members of the NCHA/NYCHA. Recipients are selected based on academic achievement, financial need and cutting horse involvement, as well as leadership and communication skills.

$29Kprogram expense
03

Education and Promotion of the Sport-The Education Committee shall be responsible for coordinating and assisting with the educational programs and presentations of the Foundation and promotion of the Cutting Horse and the sport of Cutting.

$18Kprogram 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
Total grants receivedfrom 3 funders$103K
See all 3 funders →
Grants paid · 19 grants · $1.1M · 2019–2024
Unitemized GrantFY2024$142,520
NchaTX · FY2024$95,000
NchaTX · FY2023$92,000
Unitemized GrantFY2023$58,000
Unitemized GrantFY2022$86,000
NchaTX · FY2022$60,000
Individual RecipientFY2022$25,000
NchaTX · FY2021$119,500
Unitemized GrantFY2021$86,784
NchaTX · FY2020$67,000
Unitemized GrantFY2020$39,000
Unitemized GrantFY2019$28,960
See all 19 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$660K
Ln 12
Gifts and grantsLn 1h$549K
Investment incomeLn 3$110K
Money outPt IX
$563K
Ln 25
Programscol B$312K
Managementcol C$241K
Fundraisingcol D$9K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$109K
Total assetsLn 16$4.4M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$549K
Fundraising eventsLn 1c$224K
Investment incomeLn 3$110K
Gains on assetsLn 7$0
Total revenueLn 12$660K
Assets in detailPt X, end of year
CashLn 1$109K
SavingsLn 2$0
Cash and savings togetherLn 1–2$109K
InvestmentsLn 11–13$4.1M
Land, buildings, equipmentLn 10c$22K
Other assetsLn 15$90K
Total assetsLn 16$4.4M
LiabilitiesLn 26$1.3M
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$220K$109K
InvestmentsLn 11–13$3.0M$4.1M
Land, buildings, equipmentLn 10c$22K
Total assetsLn 16$3.4M$4.4M
LiabilitiesLn 26$332K$1.3M
Net assetsLn 32$3.0M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16K$16K
Grants to domestic individualsLn 2$29K$29K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$100K$100K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$56K$56K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$11K$11K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$12K$12K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$37K$37K
Other fees for servicesLn 11g$4K$4K$1K
Advertising and promotionLn 12$5K$693$4K$490
Office expensesLn 13$17K$2K$13K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$1K$41$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$269K$262K$3K$4K
All other expensesLn 24e$6K$3K$3K$431
Total functional expensesLn 25$563K$312K$241K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $583K$471K$112K$4.8M 990 PDF
FY2023 $716K$477K$239K$3.7M 990 PDF
FY2022 $779K$457K$322K$2.9M 990 PDF
FY2021 $209K$462K−$253K$3.4M 990 PDF
FY2020 Viewing $660K$563K$97K$3.1M 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 $659,544 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $110,007$549,480
I-9 Program service revenue$0
I-10 Investment incomePrior year $273,654$110,064
I-11 Other revenuePrior year $31,051$0
I-12 Total revenuePrior year $414,712$659,544
I-13 Grants and similar amounts paidPrior year $121,415$45,434
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $76,904$166,555
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $113,006$350,984
I-18 Total expensesPrior year $311,325$562,973
I-19 Revenue less expensesPrior year $103,387$96,571
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $659,544 across 9 lines filed
VIII-1c Fundraising events$223,854
VIII-1f All other contributions, gifts and grants$325,626
VIII-1h Total contributions, gifts and grants$549,480
VIII-3 Investment incomeExcluded from tax $110,064$110,064
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $110,064$659,544
Part IX · Statement of functional expenses $562,973 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $16,474$16,474
IX-2 Grants to domestic individualsPrograms $28,960$28,960
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $99,602$99,602
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $55,839$55,839
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $11,114$11,114
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $11,954$11,954
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $36,611$36,611
IX-11g Other fees for servicesManagement $3,500 · Fundraising $1,000$4,500
IX-12 Advertising and promotionPrograms $693 · Management $3,721 · Fundraising $490$4,904
IX-13 Office expensesPrograms $1,795 · Management $12,634 · Fundraising $2,432$16,861
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $41 · Fundraising $1,235$1,276
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $261,685 · Management $3,364 · Fundraising $3,756$268,805
IX-24e All other expensesPrograms $2,810 · Management $2,832 · Fundraising $431$6,073
IX-25 Total functional expensesPrograms $312,417 · Management $241,212 · Fundraising $9,344$562,973
Part X · Balance sheet $4,401,577 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $219,604$109,363
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $45,780$45,780
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$22,268
X-11 Publicly traded securitiesStart of year $2,662,265$3,830,994
X-12 Other securitiesStart of year $335,181$303,447
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $89,725$89,725
X-16 Total assetsStart of year $3,352,555$4,401,577
X-17 Accounts payable and accrued expensesStart of year $73,904$48,231
X-18 Grants payableStart of year $169,111$1,156,635
X-24 Unsecured notes and loans payable$9,485
X-25 Other liabilitiesStart of year $89,172$89,173
X-26 Total liabilitiesStart of year $332,187$1,303,524
X-27 Net assets without donor restrictionsStart of year $2,077,597$2,151,496
X-28 Net assets with donor restrictionsStart of year $942,771$946,557
X-32 Total net assets or fund balancesStart of year $3,020,368$3,098,053
X-33 Total liabilities and net assetsStart of year $3,352,555$4,401,577
Part XI · Reconciliation of net assets $3,098,053 net assets at year end
XI-1 Total revenue$659,544
XI-2 Total expenses$562,973
XI-3 Revenue less expenses$96,571
XI-4 Net assets at start of year$3,020,368
XI-5 Net unrealized gains (losses) on investments−$18,886
XI-10 Net assets at end of year$3,098,053

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

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