Civic Intelligence

Arabian Breeders Sweepstakes Trust

990 • Fiscal year 2019 • EIN 26-3791895

Apr 01, 2018 to Mar 31, 2019 • Filed on Jan 22, 2020

Organization Profile
10805 E Bethany DriveAurora, CO 80014

(303) 696-4500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.00x

Higher debt load relative to assets than 34% of similar nonprofits.

2019 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

50th percentile

0.03x

Higher debt load relative to revenue than 50% of similar nonprofits.

2019 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2019

Net Margin

89th percentile

33%

Higher net margin than 89% of similar nonprofits.

2019 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2019

Asset Growth

35th percentile

3.9%

Faster asset growth than 35% of similar nonprofits.

2019 filings • 501(c)5 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

85th percentile

19%

Faster revenue growth than 85% of similar nonprofits.

2019 filings • 501(c)5 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$7,898,222

Up $297,764 (+3.9%) from 2018

Net Assets

Up

$7,868,255

Up $298,651 (+3.9%) from 2018

Liabilities

Down

$29,967

Down $887 (-2.9%) from 2018

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin89th percentile

Revenue

Up

$906,200

Up $144,407 (+19%) from 2018

Expenses

Up

$607,549

Up $30,391 (+5.3%) from 2018

Net Income

Up

$298,651

Up $114,016 (+62%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2012: $7,304,262Liabilities 2012: $13,020Net Assets 2012: $7,291,2422012Assets 2013: $7,213,745Liabilities 2013: $24,780Net Assets 2013: $7,188,9652013Assets 2014: $7,117,792Liabilities 2014: $42,534Net Assets 2014: $7,075,2582014Assets 2015: $7,202,655Liabilities 2015: $157,712Net Assets 2015: $7,044,9432015Assets 2016: $7,519,180Liabilities 2016: $270,292Net Assets 2016: $7,248,8882016Assets 2017: $7,565,815Liabilities 2017: $180,846Net Assets 2017: $7,384,9692017Assets 2018: $7,600,458Liabilities 2018: $30,854Net Assets 2018: $7,569,6042018Assets 2019: $7,898,222Liabilities 2019: $29,967Net Assets 2019: $7,868,2552019Assets 2020: $8,850,938Liabilities 2020: $46,302Net Assets 2020: $8,804,6362020Assets 2021: $9,180,248Liabilities 2021: $193,315Net Assets 2021: $8,986,9332021Assets 2022: $9,308,288Liabilities 2022: $302,352Net Assets 2022: $9,005,9362022Assets 2023: $9,495,098Liabilities 2023: $555,139Net Assets 2023: $8,939,9592023Assets 2024: $9,765,748Liabilities 2024: $902,175Net Assets 2024: $8,863,5732024Assets 2025: $9,177,114Liabilities 2025: $340,381Net Assets 2025: $8,836,7332025

Highlighted filing

2019

Assets$7,898,222
Liabilities$29,967
Net Assets$7,868,255
Open 2019 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $1,010,0162012Expenses 2013: $855,8852013Revenue 2014: $702,360Expenses 2014: $816,067Net Income 2014: -$113,7072014Revenue 2015: $634,718Expenses 2015: $665,033Net Income 2015: -$30,3152015Revenue 2016: $622,591Expenses 2016: $418,646Net Income 2016: $203,9452016Revenue 2017: $707,139Expenses 2017: $571,058Net Income 2017: $136,0812017Revenue 2018: $761,793Expenses 2018: $577,158Net Income 2018: $184,6352018Revenue 2019: $906,200Expenses 2019: $607,549Net Income 2019: $298,6512019Revenue 2020: $1,662,858Expenses 2020: $726,477Net Income 2020: $936,3812020Revenue 2021: $937,833Expenses 2021: $755,536Net Income 2021: $182,2972021Revenue 2022: $858,297Expenses 2022: $839,294Net Income 2022: $19,0032022Revenue 2023: $737,788Expenses 2023: $803,765Net Income 2023: -$65,9772023Revenue 2024: $762,533Expenses 2024: $838,919Net Income 2024: -$76,3862024Revenue 2025: $1,039,346Expenses 2025: $1,066,188Net Income 2025: -$26,8422025

Highlighted filing

2019

Revenue$906,200
Expenses$607,549
Net Income$298,651
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Jan 22, 2020
Return Version
2018v3.2
Gross Receipts
$906,200
Mission and Program Overview

Mission

The organization was established to aid and encourage the breeding, exhibiting, use, and perpetuation of the arabian, half-arabian, and anglo-arabian horses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$7,569,604$7,868,255▲ $298,651
Investments in Publicly Traded Securities$7,408,837$7,794,522▲ $385,685
Cash and Non-Interest-Bearing Accounts$63,618$74,468▲ $10,850
Total Assets$7,600,458$7,898,222▲ $297,764
Other Assets Total$128,003$29,232▼ $98,771
Liabilities
Accounts Payable and Accrued Expenses$30,854$29,967▼ $887
Total Liabilities$30,854$29,967▼ $887
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,569,604$7,868,255▲ $298,651
Total Liabilities and Net Assets / Fund Balance$7,600,458$7,898,222▲ $297,764
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Charles RickartChair
Chris CulbrethDirector
Dean MeierDirector
Nancy HarveyDirector
Peter ConwayDirector
Russ TaylorDirector
Glenn PettyExecutive Di
Mark GoffVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$906,200
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$298,651

Audited Revenue Reconciliation

Revenue per Audited Statements
$906,200
Total Revenue per Audited Statements
$906,200
Total Revenue per Form 990
$906,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$607,549
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$607,549
Total Functional Expenses$0$0$0$607,549

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$607,549
Total Expenses per Audited Statements$607,549
Total Expenses per Form 990$607,549
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The organization is managed by the arabian horse association, listed as a related entity.”

Form 990, Page 6, Part VI, Line 11B

“The board reviews & approves the 990 before filing.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Arabian Breeders Sweepstakes Trust
EIN
26-3791895
Phone
3036964500
Address
10805 E BETHANY DRIVE, AURORA, CO 80014

Signing Officer

Name
Glenn Petty
Title
Executive Director
Phone
3036964500
Signed
2020-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glenn Petty
Formed
2010
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Jds Professional Group
Address
10303 E DRY CREEK RD STE 400, ENGLEWOOD, CO 80112
Preparer
Lori B Bauer CPA
Phone
3037710123
Supplemental Narrative

Additional Explanations

Form 990, Part V

“1099's are filed by the related entity, arabian horse association.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization follows the accounting for uncertainty in income taxes accounting standard which requires them to determine whether a tax position (and the related tax benefit) is more likely than not to be sustained upon examination by the applicable taxing authority, based solely on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon settlement, presuming that the tax position is examined by the appropriate taxing authority that has full knowledge of all relevant information. During the year ended march 31, 2019, the organization's' management evaluated its tax positions to determine the existence of uncertainties, and did not note any matters that would require recognition or which may have an effect on its tax-exempt status.”

Raw XML Appendix310 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01099'S ARE FILED BY THE RELATED ENTITY, ARABIAN HORSE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS MANAGED BY THE ARABIAN HORSE ASSOCIATION, LISTED AS A RELATED ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS & APPROVES THE 990 BEFORE FILING.
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ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,898,222
Liabilities
$29,967
Net assets
$7,868,255
Revenue
$906,200
Expenses
$607,549
Net income
$298,651
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.18$0.34$8.84$1.04$1.07$0.03
2024Detailed filing. Detailed filing data is available for this year.$9.77$0.90$8.86$0.76$0.84$0.08
2023Detailed filing. Detailed filing data is available for this year.$9.50$0.56$8.94$0.74$0.80$0.07
2022Detailed filing. Detailed filing data is available for this year.$9.31$0.30$9.01$0.86$0.84$0.02
2021Detailed filing. Detailed filing data is available for this year.$9.18$0.19$8.99$0.94$0.76$0.18
2020Detailed filing. Detailed filing data is available for this year.$8.85$0.05$8.80$1.66$0.73$0.94
2019Detailed filing. Detailed filing data is available for this year.$7.90$0.03$7.87$0.91$0.61$0.30
2018Detailed filing. Detailed filing data is available for this year.$7.60$0.03$7.57$0.76$0.58$0.18
2017Detailed filing. Detailed filing data is available for this year.$7.57$0.18$7.38$0.71$0.57$0.14
2016Detailed filing. Detailed filing data is available for this year.$7.52$0.27$7.25$0.62$0.42$0.20
2015Detailed filing. Detailed filing data is available for this year.$7.20$0.16$7.04$0.63$0.67$0.03
2014Detailed filing. Detailed filing data is available for this year.$7.12$0.04$7.08$0.70$0.82$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.21$0.02$7.19$0.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.30$0.01$7.29$1.01