Civic Intelligence

Southeastern Reining Horse Association

990 • Fiscal year 2020 • EIN 56-1991833

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 22, 2021

229 America DriveSelma, NC 27576

(919) 669-9486

Siviq Scores

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

Liabilities / Assets

64th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE N • <$500k nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE N • <$500k nonprofits • Source year 2020

Net Margin

66th percentile

9.6%

Higher net margin than 66% of similar nonprofits.

2020 filings • NTEE N • <$500k nonprofits • Source year 2020

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

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

2020 filings • NTEE N • <$500k nonprofits • Source year 2020

Asset Growth

86th percentile

54%

Faster asset growth than 86% of similar nonprofits.

2020 filings • NTEE N • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

88th percentile

17%

Faster revenue growth than 88% of similar nonprofits.

2020 filings • NTEE N • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$60,739

Up $21,383 (+54%) from 2019

Net Assets

Up

$60,739

Up $21,438 (+55%) from 2019

Liabilities

Down

$0

Down $55 (-100%) from 2019

Revenue

Up

$222,947

Up $31,661 (+17%) from 2019

Expenses

Up

$201,509

Up $23,431 (+13%) from 2019

Net Income

Up

$21,438

Up $8,230 (+62%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $20,709Liabilities 2011: $10,6222011Assets 2012: $15,793Liabilities 2012: $02012Assets 2013: $28,860Liabilities 2013: $02013Assets 2014: $44,950Liabilities 2014: $0Net Assets 2014: $44,9502014Assets 2015: $46,444Liabilities 2015: $0Net Assets 2015: $46,4442015Assets 2016: $26,005Liabilities 2016: $0Net Assets 2016: $26,0052016Assets 2017: $21,485Liabilities 2017: $0Net Assets 2017: $21,4852017Assets 2018: $26,093Liabilities 2018: $0Net Assets 2018: $26,0932018Assets 2019: $39,356Liabilities 2019: $55Net Assets 2019: $39,3012019Assets 2020: $60,739Liabilities 2020: $0Net Assets 2020: $60,7392020Assets 2021: $92,964Liabilities 2021: $0Net Assets 2021: $92,9642021Assets 2022: $83,334Liabilities 2022: $1,169Net Assets 2022: $82,1652022Assets 2023: $103,379Liabilities 2023: $0Net Assets 2023: $103,3792023Assets 2024: $164,045Liabilities 2024: $0Net Assets 2024: $164,0452024

Highlighted filing

2020

Assets$60,739
Liabilities$0
Net Assets$60,739

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $157,779Expenses 2011: $155,091Net Income 2011: $2,6882011Revenue 2012: $98,361Expenses 2012: $92,656Net Income 2012: $5,7052012Revenue 2013: $189,134Expenses 2013: $176,067Net Income 2013: $13,0672013Revenue 2014: $254,664Expenses 2014: $237,078Net Income 2014: $17,5862014Revenue 2015: $250,171Expenses 2015: $248,677Net Income 2015: $1,4942015Revenue 2016: $213,062Expenses 2016: $233,501Net Income 2016: -$20,4392016Revenue 2017: $113,277Expenses 2017: $117,797Net Income 2017: -$4,5202017Revenue 2018: $181,556Expenses 2018: $176,948Net Income 2018: $4,6082018Revenue 2019: $191,286Expenses 2019: $178,078Net Income 2019: $13,2082019Revenue 2020: $222,947Expenses 2020: $201,509Net Income 2020: $21,4382020Revenue 2021: $284,442Expenses 2021: $252,217Net Income 2021: $32,2252021Revenue 2022: $417,232Expenses 2022: $428,031Net Income 2022: -$10,7992022Revenue 2023: $420,902Expenses 2023: $399,688Net Income 2023: $21,2142023Revenue 2024: $1,130,954Expenses 2024: $1,070,288Net Income 2024: $60,6662024

Highlighted filing

2020

Revenue$222,947
Expenses$201,509
Net Income$21,438
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 22, 2021
Return Version
2020v4.0
Gross Receipts
$222,947
Mission and Program Overview

Mission

Southeastern reining horse association (serha)is an organization that promotes and educates people about the sport of reining by hosting shows, clinics, and a year-end awards banquet in the southeastern united states. We are an affiliate of the nrha.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$39,356$60,739▲ $21,383
Total Assets$39,356$60,739▲ $21,383
Liabilities
Accounts Payable and Accrued Expenses$55--
Total Liabilities$55$0▼ $55
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$39,301$60,739▲ $21,438
Total Net Assets Fund Balance$39,301$60,739▲ $21,438
Total Liabilities and Net Assets / Fund Balance$39,356$60,739▲ $21,383

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,497$1,497
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dan YarbroughPresident
Terry TafferVice-president
Jennifer CallicutSecretary
Daniel W BlackburnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,878
Program Service Revenue
$211,213
Investment Income
$0
Other Revenue
$1,856
All Other Contributions
$1,513
Change in Net Assets
$21,438
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,509
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$2,888$1,277-$4,165
Office Expenses-$2,423-$2,423
Other Expenses$950--$950
Fees for Services Accounting-$900-$900
Total Functional Expenses$196,909$4,600$0$201,509
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
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 governing body review Part VI line 11

Form 990 is reviewed by the treasurer prior to filing

Governing documents etc available to public Part VI line 19

Documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Southeastern Reining Horse Assoc
EIN
56-1991833
Address
229 AMERICA DRIVE, SELMA, NC 27576

Signing Officer

Name
Daniel Blackburn
Title
President
Phone
9196699486
Signed
2021-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel W Blackburn
Formed
1996
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Mason L Spruill CPA
Address
521 S HUGHES BLVD, ELIZABETH CITY, NC 27909
Preparer
Mason L Spruill CPA
Phone
2523383860
Supplemental Narrative

Additional Explanations

General explanation attachment

Part iii - organizations primary exempt purposesoutheastern reining horse association (serha)is an organization that promotes and educates people about the sport of reining by hosting shows, clinics, and a year-end awards banquet in the southeastern united states. We are an affiliate of the national reigning horse association (nrha). Serha has volunteer officers and board members to manage and run the activities. In order to function, serha relies solely on donations, memberships, and sponsors.serha starts our youth out young. The little ones have the opportunity to show in our dead line class. This class is for children who cannot handle a horse by themselves so they are led by an adult. This is such a confidence booster and they do love to get a little prize. As they become better riders serha/nrha offers a short stirrup class. This is for children 10 and under. This event allows them to compete on a level suitable to their skill level. From there, classes are divided into 13 and under, and 14-18 years of age. Horses must be owned by them or a family member only. Classes continue on to different levels for riders to participate. This keeps it fair for our riders to compete at their proper level of riding and continues up into professional trainers classes.clinics are also provided at least once a year for any rider. Professional trainers at these clinics provide free lessons for the riders. Youth and adults can come. Serha plans on continuing to host quality horse shows in the future.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE TREASURER PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PART III - ORGANIZATIONS PRIMARY EXEMPT PURPOSESOUTHEASTERN REINING HORSE ASSOCIATION (SERHA)IS AN ORGANIZATION THAT PROMOTES AND EDUCATES PEOPLE ABOUT THE SPORT OF REINING BY HOSTING SHOWS, CLINICS, AND A YEAR-END AWARDS BANQUET IN THE SOUTHEASTERN UNITED STATES. WE ARE AN AFFILIATE OF THE NATIONAL REIGNING HORSE ASSOCIATION (NRHA). SERHA HAS VOLUNTEER OFFICERS AND BOARD MEMBERS TO MANAGE AND RUN THE ACTIVITIES. IN ORDER TO FUNCTION, SERHA RELIES SOLELY ON DONATIONS, MEMBERSHIPS, AND SPONSORS.SERHA STARTS OUR YOUTH OUT YOUNG. THE LITTLE ONES HAVE THE OPPORTUNITY TO SHOW IN OUR DEAD LINE CLASS. THIS CLASS IS FOR CHILDREN WHO CANNOT HANDLE A HORSE BY THEMSELVES SO THEY ARE LED BY AN ADULT. THIS IS SUCH A CONFIDENCE BOOSTER AND THEY DO LOVE TO GET A LITTLE PRIZE. AS THEY BECOME BETTER RIDERS SERHA/NRHA OFFERS A SHORT STIRRUP CLASS. THIS IS FOR CHILDREN 10 AND UNDER. THIS EVENT ALLOWS THEM TO COMPETE ON A LEVEL SUITABLE TO THEIR SKILL LEVEL. FROM THERE, CLASSES ARE DIVIDED INTO 13 AND UNDER, AND 14-18 YEARS OF AGE. HORSES MUST BE OWNED BY THEM OR A FAMILY MEMBER ONLY. CLASSES CONTINUE ON TO DIFFERENT LEVELS FOR RIDERS TO PARTICIPATE. THIS KEEPS IT FAIR FOR OUR RIDERS TO COMPETE AT THEIR PROPER LEVEL OF RIDING AND CONTINUES UP INTO PROFESSIONAL TRAINERS CLASSES.CLINICS ARE ALSO PROVIDED AT LEAST ONCE A YEAR FOR ANY RIDER. PROFESSIONAL TRAINERS AT THESE CLINICS PROVIDE FREE LESSONS FOR THE RIDERS. YOUTH AND ADULTS CAN COME. SERHA PLANS ON CONTINUING TO HOST QUALITY HORSE SHOWS IN THE FUTURE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2General explanation attachment
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$1.13$1.07$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.42$0.40$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.42$0.43$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.28$0.25$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.22$0.20$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.19$0.18$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.18$0.18$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.11$0.12$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.21$0.23$0.02
2015Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$0.25$0.25$0.00
2014Summary only. Only limited summary data is available for this year.$0.04$0.00$0.04$0.25$0.24$0.02
2013Summary only. Only limited summary data is available for this year.$0.03$0.00$0.19$0.18$0.01
2012Summary only. Only limited summary data is available for this year.$0.02$0.00$0.10$0.09$0.01
2011Summary only. Only limited summary data is available for this year.$0.02$0.01$0.16$0.16$0.00