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Breeders Invitational FY2020 filing

Not tax-deductible

Bakersfield, CA501(c)(5)Since 1999Food & AgricultureEIN 94-3288983Revenue $492K in FY2020

On file with the IRSbreedersinvitational.comPo Box 9398, 93389-9398 · Bakersfield, CATax-exempt since Jul 1999

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To encourage, promote, advertise and develope cutting horses.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $70K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
16 mo
of spending, in cash
Looks good: 16.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$492K
Spent
$206K
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$492K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$492K
FY2021$3.5M
FY2022$2.2M
FY2023$2.4M
FY2024$2.8M
FY2025$3.1M
Expenses
$206K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$206K
FY2021$3.6M
FY2022$2.3M
FY2023$2.4M
FY2024$2.5M
FY2025$2.9M
Net assets
$1.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$987K
FY2022$663K
FY2023$685K
FY2024$990K
FY2025$1.1M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1999.

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Dustin Adams
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Linda Holmes
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Billy Martin
Director
$0Pt VII · Sec A
Robert O'Bannon
Secretary/Treasurer
$0Pt VII · Sec A
See Breeders Invitational 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes and develops cutting horses through encouragement and advertising.

Questions for Breeders Invitational

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Annual cutting horse event held during may in tulsa, oklahoma

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$492K
Ln 12
Gifts and grantsLn 1h$399K
Fees for servicesLn 2g$77K
Investment incomeLn 3$16K
Money outPt IX
$206K
Ln 25
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$284K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$399K
Fees for servicesLn 2g$77K
Investment incomeLn 3$16K
Gains on assetsLn 7$141
Total revenueLn 12$492K
Assets in detailPt X, end of year
CashLn 1$284K
Cash and savings togetherLn 1–2$284K
InvestmentsLn 11–13$824K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY20End FY20
Cash and savingsLn 1–2$141K$284K
InvestmentsLn 11–13$310K$824K
Total assetsLn 16$806K$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$806K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$108K
Accounting feesLn 11c$8K
Advertising and promotionLn 12$10K
Office expensesLn 13$5K
OccupancyLn 16$10K
TravelLn 17$1K
InsuranceLn 23$125
Other expenses (24a–d)Ln 24$47K
All other expensesLn 24e$17K
Total functional expensesLn 25$206K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.1M$2.9M$147K$1.1M 990 PDF
FY2024 $2.8M$2.5M$299K$990K 990 PDF
FY2023 $2.4M$2.4M−$57K$685K 990 PDF
FY2022 $2.2M$2.3M−$113K$663K 990 PDF
FY2021 $3.5M$3.6M−$143K$987K 990 PDF
FY2020 Viewing $492K$206K$286K$1.1M 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 $491,876 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $376,664$398,797
I-9 Program service revenuePrior year $1,942,592$76,877
I-10 Investment incomePrior year $20,359$16,202
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,339,615$491,876
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,480,729$205,743
I-18 Total expensesPrior year $2,480,729$205,743
I-19 Revenue less expensesPrior year −$141,114$286,133
Part VI · Governance 8 of 8 board members independent, 5 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $491,876 across 6 lines filed
VIII-1b Membership dues$398,797
VIII-1h Total contributions, gifts and grants$398,797
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $76,877$76,877
VIII-3 Investment incomeExcluded from tax $16,061$16,061
VIII-7 Net gain or loss on sales of assetsExcluded from tax $141$141
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $93,079$491,876
Part IX · Statement of functional expenses $205,743 across 9 lines filed
IX-11a Management fees$107,500
IX-11c Accounting fees$8,200
IX-12 Advertising and promotion$9,904
IX-13 Office expenses$4,645
IX-16 Occupancy$9,600
IX-17 Travel$1,170
IX-23 Insurance$125
IX-24 Other expenses (24a–d)$47,398
IX-24e All other expenses$17,201
IX-25 Total functional expenses$205,743
Part X · Balance sheet $1,108,382 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $141,040$283,621
X-9 Prepaid expenses and deferred chargesStart of year $4,781$800
X-12 Other securitiesStart of year $310,034$823,961
X-16 Total assetsStart of year $806,159$1,108,382
X-26 Total liabilitiesStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $806,159$1,108,382
X-32 Total net assets or fund balancesStart of year $806,159$1,108,382
X-33 Total liabilities and net assetsStart of year $806,159$1,108,382
Part XI · Reconciliation of net assets $1,108,382 net assets at year end
XI-1 Total revenue$491,876
XI-2 Total expenses$205,743
XI-3 Revenue less expenses$286,133
XI-4 Net assets at start of year$806,159
XI-5 Net unrealized gains (losses) on investments$16,090
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,108,382

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

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