National Reining Horse Association

“The executive committee shall perform those functions and responsibilities, and may exercise the authority specified in an executive committee charter approved by the board of directors. If specified in the executive committee charter, the executive committee shall be authorized to exercise the full power and authority of the board of directors during the intervals between meetings of the board of directors. The executive committee shall report to the board of directors all actions taken by the executive committee. By a two-thirds majority of voting members of the board of directors present and voting, the board of directors can countermand any actions or decisions the board deems appropriate.”

“Membership is available to any individual of good character and reputation who has an interest in reining horses and the promotion of the reining horse. Additionally, membership is available to business entities, partnerships, syndicates, affiliates or organizations. Membership is a privilege, and not a vested right. All memberships are subject to the approval of the executive committee, which may approve, reject, suspend, or revoke the membership of any member at any time in its discretion. The board of directors retains final authority regarding all aspects of membership, includiing conditions of membership, eligibility, qualifications, approval or rejection, suspension, revocation, processes, types, dues, and interpretations of the provisions of these bylaws relating to membership, and the decision of the board of directors shall be final and not subject to appeal or review.”

“The nrha engages a paid preparer experienced in the preparation of form 990 to prepare the return. A copy of the form 990 is emailed to the finance committee and all board members for their review before it is filed. Any comments or questions are discussed among the board members and management. Changes, if any are made and the form 990 is then filed.”

“The conflicts of interest policy is reviewed at the first board of directors meeting each year. At which time, each director has the opportunity to disclose any potential conflict to management. Directors are also reminded to disclose any conflicts that arise during the year during regularly scheduling board meetings.”

“On an annual basis, compensation data is compiled internally by nrha's management, based primarily on forms 990 of other similar tax-exempt organizations. The comparison information is gathered for persons similarly qualified in comparable positions to that of nrha's top management. The compensation data is then provided to the compensation committee of the board of directors of nrha. The board of directors has delegated authority to evaluate the top management positions of the organization, which includes the exectutive director and the chief financial officer. The compensation committee reviews the data and provides the executive committee of the board of directors with recommendations.”

“Nrha's conflict of interest policy and financial statements are available on nrha's website to its members when entering the members only section of the organization's website. Nrha's governing documents are available to the general public upon request.”

“The corporation is formed to promote and encourage public interest in agricultural and ranching through reining horse shows and programs; to develop standards of performance and judging of reining horses; to encourage the development and breeding of better reining horses; to develop a higher degree of efficiency in the occupation and career of professional reining horse trainers, owners, and breeders; and to disseminate information about reining horses.”

“The amounts reported on on part xi, line 9 represent the following book/tax differences: depreciation - $8,303 gain on sale of assets - $4,382”

“Description:event contract services total fees:727824”

“Description:horse sale contract services total fees:93888”

“Description:magazine contract services total fees:342414”

“Description:general contract services total fees:419280”

“Description:other total fees:41180”