Civic Intelligence

National Steeplechase Association Inc

990 • Fiscal year 2016 • EIN 52-1966554

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 30, 2017

400 Fair Hill DriveElkton, MD 21921

(410) 392-0700

Siviq Scores

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

Liabilities / Assets

20th percentile

0.02x

Higher debt load relative to assets than 20% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

19th percentile

0.02x

Higher debt load relative to revenue than 19% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

52nd percentile

3.5%

Higher net margin than 52% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

38th percentile

0.5%

Faster asset growth than 38% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

60th percentile

5.5%

Faster revenue growth than 60% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,358,717

Up $7,266 (+0.5%) from 2015

Net Assets

Up

$1,332,923

Up $43,867 (+3.4%) from 2015

Liabilities

Down

$25,794

Down $36,601 (-59%) from 2015

Revenue

Up

$1,241,583

Up $64,844 (+5.5%) from 2015

Expenses

Up

$1,197,716

Up $138,867 (+13%) from 2015

Net Income

Down

$43,867

Down $74,023 (-63%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,030,351Liabilities 2011: $121,814Net Assets 2011: $908,5372011Assets 2012: $1,073,609Liabilities 2012: $127,982Net Assets 2012: $945,6272012Assets 2013: $1,099,710Liabilities 2013: $32,189Net Assets 2013: $1,067,5212013Assets 2014: $1,226,991Liabilities 2014: $55,825Net Assets 2014: $1,171,1662014Assets 2015: $1,351,451Liabilities 2015: $62,395Net Assets 2015: $1,289,0562015Assets 2016: $1,358,717Liabilities 2016: $25,794Net Assets 2016: $1,332,9232016Assets 2017: $1,490,134Liabilities 2017: $64,407Net Assets 2017: $1,425,7272017Assets 2018: $1,567,130Liabilities 2018: $46,295Net Assets 2018: $1,520,8352018Assets 2019: $1,747,806Liabilities 2019: $304,190Net Assets 2019: $1,443,6162019Assets 2020: $1,334,137Liabilities 2020: $21,523Net Assets 2020: $1,312,6142020Assets 2021: $2,246,962Liabilities 2021: $31,119Net Assets 2021: $2,215,8432021Assets 2022: $2,356,839Liabilities 2022: $167,079Net Assets 2022: $2,189,7602022Assets 2023: $3,039,117Liabilities 2023: $255,350Net Assets 2023: $2,783,7672023Assets 2024: $3,610,462Liabilities 2024: $267,125Net Assets 2024: $3,343,3372024

Highlighted filing

2016

Assets$1,358,717
Liabilities$25,794
Net Assets$1,332,923

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $982,407Expenses 2011: $971,814Net Income 2011: $10,5932011Revenue 2012: $1,049,026Expenses 2012: $1,011,936Net Income 2012: $37,0902012Revenue 2013: $1,039,584Expenses 2013: $917,690Net Income 2013: $121,8942013Revenue 2014: $1,109,429Expenses 2014: $1,005,784Net Income 2014: $103,6452014Revenue 2015: $1,176,739Expenses 2015: $1,058,849Net Income 2015: $117,8902015Revenue 2016: $1,241,583Expenses 2016: $1,197,716Net Income 2016: $43,8672016Revenue 2017: $1,281,749Expenses 2017: $1,188,945Net Income 2017: $92,8042017Revenue 2018: $1,303,803Expenses 2018: $1,208,695Net Income 2018: $95,1082018Revenue 2019: $1,299,054Expenses 2019: $1,376,273Net Income 2019: -$77,2192019Revenue 2020: $662,513Expenses 2020: $793,515Net Income 2020: -$131,0022020Revenue 2021: $1,167,801Expenses 2021: $910,021Net Income 2021: $257,7802021Revenue 2022: $1,310,445Expenses 2022: $1,021,084Net Income 2022: $289,3612022Revenue 2023: $1,406,270Expenses 2023: $1,054,059Net Income 2023: $352,2112023Revenue 2024: $1,593,064Expenses 2024: $1,184,854Net Income 2024: $408,2102024

Highlighted filing

2016

Revenue$1,241,583
Expenses$1,197,716
Net Income$43,867
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 30, 2017
Return Version
2016v3.0
Gross Receipts
$1,485,784
Mission and Program Overview

Mission

To encourage, advance, and regulate the sport of steeplechasing in the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,211,144$1,255,011▲ $43,867
Investments in Publicly Traded Securities$971,500$922,431▼ $49,069
Savings and Temporary Cash Investments$117,275$230,706▲ $113,431
Cash and Non-Interest-Bearing Accounts$197,200$135,706▼ $61,494
Pd in Cap Srpls Land Bldg Eqp Fund$77,912$77,912→ $0
Accounts Receivable$13,604$27,719▲ $14,115
Land, Buildings, and Equipment, Net$8,329$24,003▲ $15,674
Prepaid Expenses and Deferred Charges$10,825$3,273▼ $7,552
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,351,451$1,358,717▲ $7,266
Other Assets Total$32,718$14,879▼ $17,839
Liabilities
Accounts Payable and Accrued Expenses$62,395$25,794▼ $36,601
Total Liabilities$62,395$25,794▼ $36,601
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,289,056$1,332,923▲ $43,867
Total Liabilities and Net Assets / Fund Balance$1,351,451$1,358,717▲ $7,266

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,003$218,073$242,076
Buildings$0--
Other Land Buildings$0--
Leasehold Improvements$0--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$428,606
Investment Income
$73,927
Other Revenue
$739,050
Change in Net Assets
$43,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$743,442
Salaries, Compensation, and Employee Benefits$454,274
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$396,414--$396,414
All Other Expenses$99,966$15,580-$115,546
Travel$67,214--$67,214
Office Expenses$24,165$25,966-$50,131
Other Expenses$48,314$43,390-$43,390
Fees for Services Legal-$37,950-$37,950
Payroll Taxes$26,569--$26,569
Other Employee Benefits$17,699--$17,699
Conferences and Meetings-$15,643-$15,643
Insurance-$14,979-$14,979
Depreciation Depletion$2,655$11,376-$14,031
Pension Plan Contributions$13,592--$13,592
Fees for Service Investment Mgmnt Fees-$12,579-$12,579
Occupancy$5,950--$5,950
Total Functional Expenses$1,020,253$177,463$0$1,197,716
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$739,050
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Entry Fees$739,050$739,050-$739,050
Total Events$739,050$739,050-$739,050
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 reviewed by organization management. Upon request, documents can be inspected by the general public.

Form 990, Part VI, Section C, Line 18

Upon request, documents can be inspected by the general public.

Form 990, Part VI, Section C, Line 19

Upon request, documents can be inspected by the general public.

Filing and Contact Details

Filer

Filer Name
National Steeplechase Association Inc
EIN
52-1966554
Phone
4103920700
Address
400 FAIR HILL DRIVE, ELKTON, MD 21921

Signing Officer

Name
Guy J Torsilieri
Title
President
Phone
4103920700
Signed
2017-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Guy J Torsilieri
Formed
1994
Legal Domicile
Md
Voting Board Members
17
Independent Board Members
17
Employees
5
Volunteers
0

Preparer

Firm
Weyrich Cronin & Sorra Chartered
Address
109 N BRIDGE STREET, ELKTON, MD 21921
Preparer
Donald Greenbergcpa
Phone
4103981961
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IRS990/Desc0REGULATING SAFE AND FAIR COMPETITION BY COMPILING AND PUBLISHING THE RULES OF RACING AND SUPERVISING THE ENFORCEMENT THEREOF.PROMOTING THE SUCCESS OF THE RACE MEETS, AND THE CHARITIES THEY BENEFIT, BY PROVIDING RESOURCES IN THE FORM OF INFORMATION AND TECHNICAL EXPERTISE.EXTENDS THE POPULARITY OF THE SPORT AND PROVIDES OWNERS, TRAINERS, AND RIDERS WITH SUITABLE OPPORTUNITIES TO COMPETE.
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IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ENCOURAGE, ADVANCE, AND REGULATE THE SPORT OF STEEPLECHASING IN THE UNITED STATES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01289056
IRS990/NetAssetsOrFundBalancesEOYAmt01332923
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt052283
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt052283
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0739050
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0739050
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt05950
IRS990/OccupancyGrp/TotalAmt05950
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025966
IRS990/OfficeExpensesGrp/ProgramServicesAmt024165
IRS990/OfficeExpensesGrp/TotalAmt050131
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt032718
IRS990/OtherAssetsTotalGrp/EOYAmt014879
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt017699
IRS990/OtherEmployeeBenefitsGrp/TotalAmt017699
IRS990/OtherExpensesGrp/Desc0TELEVISION & VIDEO
IRS990/OtherExpensesGrp/Desc1NATIONAL FENCE EXPENSE
IRS990/OtherExpensesGrp/Desc2PUBLIC RELATIONS
IRS990/OtherExpensesGrp/Desc3PROMOTION & GROWTH
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt043390
IRS990/OtherExpensesGrp/ProgramServicesAmt0167086
IRS990/OtherExpensesGrp/ProgramServicesAmt1150629
IRS990/OtherExpensesGrp/ProgramServicesAmt248314
IRS990/OtherExpensesGrp/TotalAmt0167086
IRS990/OtherExpensesGrp/TotalAmt1150629
IRS990/OtherExpensesGrp/TotalAmt248314
IRS990/OtherExpensesGrp/TotalAmt343390
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0396414
IRS990/OtherSalariesAndWagesGrp/TotalAmt0396414
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt026569
IRS990/PayrollTaxesGrp/TotalAmt026569
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt077912
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt077912
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013592
IRS990/PensionPlanContributionsGrp/TotalAmt013592
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010825
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03273
IRS990/PrincipalOfficerNm0GUY J TORSILIERI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/BusinessCd2713990
IRS990/ProgramServiceRevenueGrp/BusinessCd3713990
IRS990/ProgramServiceRevenueGrp/BusinessCd4713990
IRS990/ProgramServiceRevenueGrp/Desc0HUNT MEETING SANCTION
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2LICENSES & REGISTRATIO
IRS990/ProgramServiceRevenueGrp/Desc3NATIONAL FENCE LEASE
IRS990/ProgramServiceRevenueGrp/Desc4MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0126893
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1119650
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt297060
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt330000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt428290
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0126893
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1119650
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt297060
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt330000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt428290
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt093623
IRS990/PYOtherExpensesAmt0598941
IRS990/PYOtherRevenueAmt0664525
IRS990/PYProgramServiceRevenueAmt0418591
IRS990/PYRevenuesLessExpensesAmt0117890
IRS990/PYSalariesCompEmpBnftPaidAmt0459908
IRS990/PYTotalExpensesAmt01058849
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01176739
IRS990/ReconcilationRevenueExpnssAmt043867
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01211144
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01255011
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0117275
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0230706
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt024003
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0218073
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0242076
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024003
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ENTRY FEES
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0739050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0739050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0739050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0739050
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0739050
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 REVIEWED BY ORGANIZATION MANAGEMENT. UPON REQUEST, DOCUMENTS CAN BE INSPECTED BY THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST, DOCUMENTS CAN BE INSPECTED BY THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST, DOCUMENTS CAN BE INSPECTED BY THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01351451
IRS990/TotalAssetsEOYAmt01358717
IRS990/TotalAssetsGrp/BOYAmt01351451
IRS990/TotalAssetsGrp/EOYAmt01358717
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0177463
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01020253
IRS990/TotalFunctionalExpensesGrp/TotalAmt01197716
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt062395
IRS990/TotalLiabilitiesEOYAmt025794
IRS990/TotalLiabilitiesGrp/BOYAmt062395
IRS990/TotalLiabilitiesGrp/EOYAmt025794
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01289056
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01332923
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt026713
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt026713
IRS990/TotalProgramServiceExpensesAmt01020253
IRS990/TotalProgramServiceRevenueAmt0428606
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0739050
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0502533
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01241583
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.61$0.27$3.34$1.59$1.18$0.41
2023Detailed filing. Detailed filing data is available for this year.$3.04$0.26$2.78$1.41$1.05$0.35
2022Detailed filing. Detailed filing data is available for this year.$2.36$0.17$2.19$1.31$1.02$0.29
2021Detailed filing. Detailed filing data is available for this year.$2.25$0.03$2.22$1.17$0.91$0.26
2020Detailed filing. Detailed filing data is available for this year.$1.33$0.02$1.31$0.66$0.79$0.13
2019Detailed filing. Detailed filing data is available for this year.$1.75$0.30$1.44$1.30$1.38$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.57$0.05$1.52$1.30$1.21$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.49$0.06$1.43$1.28$1.19$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.36$0.03$1.33$1.24$1.20$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.35$0.06$1.29$1.18$1.06$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.23$0.06$1.17$1.11$1.01$0.10
2013Summary only. Only limited summary data is available for this year.$1.10$0.03$1.07$1.04$0.92$0.12
2012Summary only. Only limited summary data is available for this year.$1.07$0.13$0.95$1.05$1.01$0.04
2011Summary only. Only limited summary data is available for this year.$1.03$0.12$0.91$0.98$0.97$0.01