Civic Intelligence

National Steeplechase Association Inc

990 • Fiscal year 2017 • EIN 52-1966554

Jan 01, 2017 to Dec 31, 2017 • Filed on May 10, 2018

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

27th percentile

0.04x

Higher debt load relative to assets than 27% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

27th percentile

0.05x

Higher debt load relative to revenue than 27% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

64th percentile

7.2%

Higher net margin than 64% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

64th percentile

9.7%

Faster asset growth than 64% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

3.2%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,490,134

Up $131,417 (+9.7%) from 2016

Net Assets

Up

$1,425,727

Up $92,804 (+7.0%) from 2016

Liabilities

Up

$64,407

Up $38,613 (+150%) from 2016

Revenue

Up

$1,281,749

Up $40,166 (+3.2%) from 2016

Expenses

Down

$1,188,945

Down $8,771 (-0.7%) from 2016

Net Income

Up

$92,804

Up $48,937 (+112%) from 2016

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

2017

Assets$1,490,134
Liabilities$64,407
Net Assets$1,425,727

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

2017

Revenue$1,281,749
Expenses$1,188,945
Net Income$92,804
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 10, 2018
Return Version
2017v2.2
Gross Receipts
$1,578,964
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$1,255,011$1,347,815▲ $92,804
Investments in Publicly Traded Securities$922,431$1,032,498▲ $110,067
Cash and Non-Interest-Bearing Accounts$135,706$261,714▲ $126,008
Savings and Temporary Cash Investments$230,706$150,388▼ $80,318
Pd in Cap Srpls Land Bldg Eqp Fund$77,912$77,912→ $0
Accounts Receivable$27,719$31,499▲ $3,780
Land, Buildings, and Equipment, Net$24,003$7,846▼ $16,157
Prepaid Expenses and Deferred Charges$3,273$6,189▲ $2,916
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,358,717$1,490,134▲ $131,417
Other Assets Total$14,879$0▼ $14,879
Liabilities
Accounts Payable and Accrued Expenses$25,794$64,407▲ $38,613
Total Liabilities$25,794$64,407▲ $38,613
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,332,923$1,425,727▲ $92,804
Total Liabilities and Net Assets / Fund Balance$1,358,717$1,490,134▲ $131,417

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,846$234,230$242,076
Buildings$0--
Other Land Buildings$0--
Leasehold Improvements$0--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$418,538
Investment Income
$142,861
Other Revenue
$720,350
Change in Net Assets
$92,804
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$744,526
Salaries, Compensation, and Employee Benefits$444,419
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$378,571--$378,571
All Other Expenses$101,235$12,202-$113,437
Travel$70,797--$70,797
Office Expenses$22,462$34,546-$57,008
Other Expenses$52,669$40,668-$40,668
Fees for Services Legal-$31,172-$31,172
Payroll Taxes$27,382--$27,382
Other Employee Benefits$23,323--$23,323
Depreciation Depletion$1,145$15,012-$16,157
Conferences and Meetings-$16,008-$16,008
Pension Plan Contributions$15,143--$15,143
Insurance-$14,310-$14,310
Fees for Service Investment Mgmnt Fees-$13,114-$13,114
Occupancy$3,100--$3,100
Total Functional Expenses$1,011,913$177,032$0$1,188,945
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$720,350
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Entry Fees$720,350$720,350-$720,350
Total Events$720,350$720,350-$720,350
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
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Guy J Torsilieri
Formed
1994
Legal Domicile
Md
Voting Board Members
14
Independent Board Members
14
Employees
4
Volunteers
0

Preparer

Firm
Weyrich Cronin & Sorra LLC
Address
200 S BRIDGE STREET, ELKTON, MD 21921
Preparer
Rayma Mc Roberts CPA
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/OtherExpensesGrp/Desc0NATIONAL FENCE EXPENSE
IRS990/OtherExpensesGrp/Desc1TELEVISION & VIDEO
IRS990/OtherExpensesGrp/Desc2PUBLIC RELATIONS
IRS990/OtherExpensesGrp/Desc3PROMOTION & GROWTH
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt040668
IRS990/OtherExpensesGrp/ProgramServicesAmt0158186
IRS990/OtherExpensesGrp/ProgramServicesAmt1157900
IRS990/OtherExpensesGrp/ProgramServicesAmt252669
IRS990/OtherExpensesGrp/TotalAmt0158186
IRS990/OtherExpensesGrp/TotalAmt1157900
IRS990/OtherExpensesGrp/TotalAmt252669
IRS990/OtherExpensesGrp/TotalAmt340668
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0378571
IRS990/OtherSalariesAndWagesGrp/TotalAmt0378571
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt027382
IRS990/PayrollTaxesGrp/TotalAmt027382
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt077912
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt077912
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt015143
IRS990/PensionPlanContributionsGrp/TotalAmt015143
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03273
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06189
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/Desc3AMERICAN STEEPLECHASIN
IRS990/ProgramServiceRevenueGrp/Desc4NATIONAL FENCE LEASE
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0124554
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1115500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt297105
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt330000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt425000
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0124554
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1115500
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt297105
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt330000
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt425000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt073927
IRS990/PYOtherExpensesAmt0743442
IRS990/PYOtherRevenueAmt0739050
IRS990/PYProgramServiceRevenueAmt0428606
IRS990/PYRevenuesLessExpensesAmt043867
IRS990/PYSalariesCompEmpBnftPaidAmt0454274
IRS990/PYTotalExpensesAmt01197716
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01241583
IRS990/ReconcilationRevenueExpnssAmt092804
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01255011
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01347815
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0230706
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0150388
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt07846
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0234230
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0242076
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07846
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ENTRY FEES
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0720350
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0720350
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0720350
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0720350
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0720350
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/TotalAssetsBOYAmt01358717
IRS990/TotalAssetsEOYAmt01490134
IRS990/TotalAssetsGrp/BOYAmt01358717
IRS990/TotalAssetsGrp/EOYAmt01490134
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0177032
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01011913
IRS990/TotalFunctionalExpensesGrp/TotalAmt01188945
IRS990/TotalGrossUBIAmt0418538
IRS990/TotalLiabilitiesBOYAmt025794
IRS990/TotalLiabilitiesEOYAmt064407
IRS990/TotalLiabilitiesGrp/BOYAmt025794
IRS990/TotalLiabilitiesGrp/EOYAmt064407
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01332923
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01425727
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt026379
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt026379
IRS990/TotalProgramServiceExpensesAmt01011913
IRS990/TotalProgramServiceRevenueAmt0418538
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0720350
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0142861
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01281749
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0418538
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01358717
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01490134
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt070797
IRS990/TravelGrp/TotalAmt070797
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0400 FAIR HILL DRIVE
IRS990/USAddress/CityNm0ELKTON
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021921
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GUY J TORSILIERI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT

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