Civic Intelligence

National Steeplechase Association Inc

990 • Fiscal year 2018 • EIN 52-1966554

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 25, 2019

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

24th percentile

0.03x

Higher debt load relative to assets than 24% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

24th percentile

0.04x

Higher debt load relative to revenue than 24% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

64th percentile

7.3%

Higher net margin than 64% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

60th percentile

5.2%

Faster asset growth than 60% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

44th percentile

1.7%

Faster revenue growth than 44% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,567,130

Up $76,996 (+5.2%) from 2017

Net Assets

Up

$1,520,835

Up $95,108 (+6.7%) from 2017

Liabilities

Down

$46,295

Down $18,112 (-28%) from 2017

Revenue

Up

$1,303,803

Up $22,054 (+1.7%) from 2017

Expenses

Up

$1,208,695

Up $19,750 (+1.7%) from 2017

Net Income

Up

$95,108

Up $2,304 (+2.5%) from 2017

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

2018

Assets$1,567,130
Liabilities$46,295
Net Assets$1,520,835

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

2018

Revenue$1,303,803
Expenses$1,208,695
Net Income$95,108
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 25, 2019
Return Version
2018v3.1
Gross Receipts
$1,585,132
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$1,347,815$1,442,923▲ $95,108
Investments in Publicly Traded Securities$1,032,498$1,161,325▲ $128,827
Savings and Temporary Cash Investments$150,388$155,953▲ $5,565
Cash and Non-Interest-Bearing Accounts$261,714$132,255▼ $129,459
Accounts Receivable$31,499$90,720▲ $59,221
Pd in Cap Srpls Land Bldg Eqp Fund$77,912$77,912→ $0
Land, Buildings, and Equipment, Net$7,846$23,727▲ $15,881
Prepaid Expenses and Deferred Charges$6,189$3,150▼ $3,039
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,490,134$1,567,130▲ $76,996
Liabilities
Accounts Payable and Accrued Expenses$64,407$46,295▼ $18,112
Total Liabilities$64,407$46,295▼ $18,112
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,425,727$1,520,835▲ $95,108
Total Liabilities and Net Assets / Fund Balance$1,490,134$1,567,130▲ $76,996

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,727$222,256$245,983
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
$387,452
Investment Income
$163,876
Other Revenue
$752,475
Change in Net Assets
$95,108
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$759,952
Salaries, Compensation, and Employee Benefits$448,743
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$387,125--$387,125
All Other Expenses$76,205$24,022-$100,227
Travel$68,720--$68,720
Office Expenses$27,295$26,864-$54,159
Fees for Services Legal-$39,301-$39,301
Other Expenses$53,625$38,997-$38,997
Payroll Taxes$27,995--$27,995
Other Employee Benefits$18,138--$18,138
Pension Plan Contributions$15,485--$15,485
Fees for Service Investment Mgmnt Fees-$13,483-$13,483
Conferences and Meetings-$11,018-$11,018
Insurance-$10,923-$10,923
Depreciation Depletion$339$6,307-$6,646
Occupancy$3,100--$3,100
Total Functional Expenses$1,037,780$170,915$0$1,208,695
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$752,475
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Entry Fees$752,475$752,475-$752,475
Total Events$752,475$752,475-$752,475
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
Annual disclosure for covered persons
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
2019-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Guy J Torsilieri
Formed
1994
Legal Domicile
Md
Voting Board Members
15
Independent Board Members
15
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/OfficeExpensesGrp/TotalAmt054159
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt018138
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018138
IRS990/OtherExpensesGrp/Desc0TELEVISION & VIDEO
IRS990/OtherExpensesGrp/Desc1NATIONAL FENCE EXPENSE
IRS990/OtherExpensesGrp/Desc2PUBLIC RELATIONS
IRS990/OtherExpensesGrp/Desc3PROMOTION & GROWTH
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt038997
IRS990/OtherExpensesGrp/ProgramServicesAmt0249145
IRS990/OtherExpensesGrp/ProgramServicesAmt1110608
IRS990/OtherExpensesGrp/ProgramServicesAmt253625
IRS990/OtherExpensesGrp/TotalAmt0249145
IRS990/OtherExpensesGrp/TotalAmt1110608
IRS990/OtherExpensesGrp/TotalAmt253625
IRS990/OtherExpensesGrp/TotalAmt338997
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0387125
IRS990/OtherSalariesAndWagesGrp/TotalAmt0387125
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt027995
IRS990/PayrollTaxesGrp/TotalAmt027995
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt077912
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt077912
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt015485
IRS990/PensionPlanContributionsGrp/TotalAmt015485
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06189
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03150
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/Desc4MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0127989
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1108500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt289360
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt326250
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt414681
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0127989
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1108500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt289360
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt326250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt414681
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0142861
IRS990/PYOtherExpensesAmt0744526
IRS990/PYOtherRevenueAmt0720350
IRS990/PYProgramServiceRevenueAmt0418538
IRS990/PYRevenuesLessExpensesAmt092804
IRS990/PYSalariesCompEmpBnftPaidAmt0444419
IRS990/PYTotalExpensesAmt01188945
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01281749
IRS990/ReconcilationRevenueExpnssAmt095108
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01347815
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01442923
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0150388
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0155953
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt023727
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0222256
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0245983
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023727
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ENTRY FEES
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0752475
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0752475
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0752475
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0752475
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0752475
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01490134
IRS990/TotalAssetsEOYAmt01567130
IRS990/TotalAssetsGrp/BOYAmt01490134
IRS990/TotalAssetsGrp/EOYAmt01567130
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0170915
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01037780
IRS990/TotalFunctionalExpensesGrp/TotalAmt01208695
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt064407
IRS990/TotalLiabilitiesEOYAmt046295
IRS990/TotalLiabilitiesGrp/BOYAmt064407
IRS990/TotalLiabilitiesGrp/EOYAmt046295
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01425727
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01520835
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt020672
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt020672
IRS990/TotalProgramServiceExpensesAmt01037780
IRS990/TotalProgramServiceRevenueAmt0387452
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0752475
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0551328
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01303803
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01490134
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01567130
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt068720
IRS990/TravelGrp/TotalAmt068720
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0400 FAIR HILL DRIVE
IRS990/USAddress/CityNm0ELKTON
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021921

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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