Civic Intelligence

National Steeplechase Association Inc

990 • Fiscal year 2022 • EIN 52-1966554

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 05, 2023

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

35th percentile

0.07x

Higher debt load relative to assets than 35% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

41st percentile

0.13x

Higher debt load relative to revenue than 41% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Net Margin

85th percentile

22%

Higher net margin than 85% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

26th percentile

$0

Higher top officer pay than 26% of similar nonprofits.

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

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Asset Growth

58th percentile

4.9%

Faster asset growth than 58% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

57th percentile

12%

Faster revenue growth than 57% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$2,356,839

Up $109,877 (+4.9%) from 2021

Net Assets

Down

$2,189,760

Down $26,083 (-1.2%) from 2021

Liabilities

Up

$167,079

Up $135,960 (+437%) from 2021

Revenue

Up

$1,310,445

Up $142,644 (+12%) from 2021

Expenses

Up

$1,021,084

Up $111,063 (+12%) from 2021

Net Income

Up

$289,361

Up $31,581 (+12%) from 2021

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

2022

Assets$2,356,839
Liabilities$167,079
Net Assets$2,189,760

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

2022

Revenue$1,310,445
Expenses$1,021,084
Net Income$289,361
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 5, 2023
Return Version
2022v5.0
Gross Receipts
$1,587,606
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$2,137,931$2,111,848▼ $26,083
Investments in Publicly Traded Securities$1,676,827$1,536,504▼ $140,323
Cash and Non-Interest-Bearing Accounts$375,506$730,568▲ $355,062
Pd in Cap Srpls Land Bldg Eqp Fund$77,912$77,912→ $0
Savings and Temporary Cash Investments$177,774$77,443▼ $100,331
Accounts Receivable$15,886$10,078▼ $5,808
Land, Buildings, and Equipment, Net$969$2,246▲ $1,277
Total Assets$2,246,962$2,356,839▲ $109,877
Liabilities
Accounts Payable and Accrued Expenses$31,119$167,079▲ $135,960
Total Liabilities$31,119$167,079▲ $135,960
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,215,843$2,189,760▼ $26,083
Total Liabilities and Net Assets / Fund Balance$2,246,962$2,356,839▲ $109,877

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,246$113,704$115,950
Compensation and Service Providers

Board Members and Trustees

NameTitle
Guy J TorsilieriChairman
Alfred H Griffin JrPresident
Cyril MurphyBoard Member
Dwight HallBoard Member
Jack FisherBoard Member
Jeffrey L LehewBoard Member
Jill AbbottBoard Member
Leslie CarpenterBoard Member
Meriwether MorrisBoard Member
Molly OakmanBoard Member
P Douglas FoutBoard Member
Pierre ManigaultBoard Member
Sean ClancyBoard Member
Thomas J CollinsBoard Member
Mason Hardaway LamptonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,711
Program Service Revenue
$424,864
Investment Income
$27,170
Other Revenue
$853,700
All Other Contributions
$4,711
Change in Net Assets
$289,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$689,880
Salaries, Compensation, and Employee Benefits$331,204
Total Fundraising Expense$2,747
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$308,296--$308,296
Travel$96,053--$96,053
Fees for Services Other$6,023$48,011-$54,034
All Other Expenses$48,921$324-$49,245
Advertising$38,887--$38,887
Information Technology$14,248$14,247-$28,495
Payroll Taxes$22,908--$22,908
Insurance$16,036--$16,036
Other Expenses$15,924--$15,924
Office Expenses-$11,392$2,747$14,139
Fees for Service Investment Mgmnt Fees-$7,234-$7,234
Conferences and Meetings$2,913$3,382-$6,295
Occupancy$3,100$1,458-$4,558
Depreciation Depletion$506--$506
Fees for Services Management$121--$121
Total Functional Expenses$932,289$86,048$2,747$1,021,084
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$853,700
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Entry Fees$853,700$853,700-$853,700
Total Events$853,700$853,700-$853,700
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
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

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

Form 990, Page 6, Part VI, Line 15A

Compensation is determined by the board. Currently, the organization's ceo, executive director, and top management is not compensated.

Form 990, Page 6, Part VI, Line 15B

Compensation is determined by the board.

Form 990, Page 6, Part VI, Line 18

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

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

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

Signing Officer

Name
Alfred H Griffin Jr
Title
President
Phone
4109205431
Signed
2023-06-05

Organization Details

Principal Officer
Alfred H Griffin Jr
Formed
1994
Legal Domicile
Md
Voting Board Members
15
Independent Board Members
15
Employees
3

Preparer

Firm
Brinker Simpson & Company LLC
Address
1400 N PROVIDENCE RD BLDG 2 STE 20, MEDIA, PA 19063
Preparer
Robert B Simpson CPA
Phone
6105445900
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 REVIEWED BY ORGANIZATION MANAGEMENT. UPON REQUEST, DOCUMENTS CAN BE INSPECTED BY THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION IS DETERMINED BY THE BOARD. CURRENTLY, THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, AND TOP MANAGEMENT IS NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS DETERMINED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST, DOCUMENTS CAN BE INSPECTED BY THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST, DOCUMENTS CAN BE INSPECTED BY THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990/TravelGrp/ProgramServicesAmt096053
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0400 FAIR HILL DRIVE
IRS990/USAddress/CityNm0ELKTON
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021921
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ALFRED H GRIFFIN JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04109205431
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NATIONAL STEEPLECHASE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0NATI
ReturnHeader/Filer/EIN0521966554
ReturnHeader/Filer/PhoneNum04103920700
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 FAIR HILL DRIVE

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