Rbb INC FY2021 filing

Tax-deductible

Redwood City, CA501(c)(3)Recreation & SportsEIN 75-3037954Revenue $1.5M in FY2021

On file with the IRS2465 Ohio Ave, 94061-3233 · Redwood City, CATax-exempt since Jul 2002Publicly supported — 509(a)(2)

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Exclusively to promote the equestrian sport of reining, which has recently become an olympic competitive sport. To elevate public awareness of the sport, encourage more people to compete, raise skill levels, educate the public, and encourage support of the olympic games.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
1 of 3
filings with a surplus
Average deficit $27K a year · 1% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
×79 vs prior year
Spent
$1.6M
To programs
99%
Net assets
$80K
By yearFY2020–FY2024
Revenue
$1.5M
FY2021▲ ×79
Tap a bar for its year
Revenue by fiscal year
FY2020$19K
FY2021$1.5M
FY2022$2.0M
FY2023$1.8M
FY2024$52K
Expenses
$1.6M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$1.6M
FY2022$1.9M
FY2023$1.9M
FY2024Not on file
Net assets
$80K
FY2021▼ -32%
Tap a bar for its year
Net assets by fiscal year
FY2020$118K
FY2021$80K
FY2022$129K
FY2023$34K
FY2024$78K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 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 Jul 2002.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $1.6M Management & general 1% · $14K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
CFO, Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes the Olympic equestrian sport of reining, increasing awareness and participation.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2021
01

This corporation promotes the equestrian sport of reining, an olympic competitive sport. The organization holds first-class reining events, Reining by the Bay and Cactus Classic, which draw 600 entries. The corporation gives notice of the event, handles registration of entrants, arranges facilities, and manages the competition.

$1.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$981K
Gifts and grantsLn 1h$555K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.6M
Managementcol C$14K
Owns and owesPt X
$80K
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$80K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$555K
Fees for servicesLn 2g$981K
Gains on assetsLn 7$0
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$78K
SavingsLn 2$0
Cash and savings togetherLn 1–2$78K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$2K
Total assetsLn 16$80K
LiabilitiesLn 26$0
Net assetsLn 32$80K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$144K$78K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$206$0
Total assetsLn 16$146K$80K
LiabilitiesLn 26$28K$0
Net assetsLn 32$118K$80K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
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$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$118K$118K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$341K$341K
TravelLn 17$27K$27K
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$206$206
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$1.0M$1.0M
All other expensesLn 24e$47K$38K$9K
Total functional expensesLn 25$1.6M$1.6M$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $52K$78K 990 PDF
FY2023 $1.8M$1.9M−$95K$34K 990 PDF
FY2022 $2.0M$1.9M$52K$129K 990 PDF
FY2021 Viewing $1.5M$1.6M−$38K$80K 990 PDF
FY2020 $19K$118K 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 FY2021 990 (6 parts)
Part I · Summary $1,535,893 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $19,177$555,300
I-9 Program service revenuePrior year $146$980,593
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $19,323$1,535,893
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $38,629$1,573,467
I-18 Total expensesPrior year $38,629$1,573,467
I-19 Revenue less expensesPrior year −$19,306−$37,574
Part VI · Governance 2 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $1,535,893 across 9 lines filed
Lines not itemized here account for $37,828 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$555,300
VIII-1h Total contributions, gifts and grants$555,300
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $942,765$942,765
VIII-3 Investment income$0
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 revenueRelated to mission $980,593$1,535,893
Part IX · Statement of functional expenses $1,573,467 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
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 staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,232$2,232
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $118,477$118,477
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $340,776$340,776
IX-17 TravelPrograms $27,370$27,370
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 amortizationManagement $206$206
IX-23 InsuranceManagement $3,150$3,150
IX-24 Other expenses (24a–d)Programs $1,034,461$1,034,461
IX-24e All other expensesPrograms $38,120 · Management $8,675$46,795
IX-25 Total functional expensesPrograms $1,559,204 · Management $14,263 · Fundraising $0$1,573,467
Part X · Balance sheet $80,395 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $143,915$78,169
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $206$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $2,158$2,226
X-16 Total assetsStart of year $146,279$80,395
X-26 Total liabilitiesStart of year $28,310$0
X-32 Total net assets or fund balancesStart of year $117,969$80,395
X-33 Total liabilities and net assetsStart of year $146,279$80,395
Part XI · Reconciliation of net assets $80,395 net assets at year end
XI-1 Total revenue$1,535,893
XI-2 Total expenses$1,573,467
XI-3 Revenue less expenses−$37,574
XI-4 Net assets at start of year$117,969
XI-10 Net assets at end of year$80,395

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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