Civic Intelligence

Nrcha Foundation

EIN 82-4846105 • 501(c)3 • Pilot Point, TX

Profile

Promote art of the cowhorse and provide support for industry members by providing youth scholarships, hall of fame recognition, and crisis grants for those in need.

256 H Highway 377Pilot Point, TX 76258

nrcha.com/foundation

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.25x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

0.60x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

92nd percentile

61%

Higher net margin than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

84th percentile

41%

Faster asset growth than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

43%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$486,505

Up $141,070 (+41%) from 2023

Liabilities

Up

$122,250

Up $15,250 (+14%) from 2023

Net Assets

Up

$364,255

Up $125,820 (+53%) from 2023

Revenue

Up

$205,269

Up $61,730 (+43%) from 2023

Expenses

Up

$79,449

Up $15,675 (+25%) from 2023

Net Income

Up

$125,820

Up $46,055 (+58%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2019: $135,366Liabilities 2019: $72,581Net Assets 2019: $62,7852019Assets 2020: $161,788Liabilities 2020: $55,750Net Assets 2020: $106,0382020Assets 2021: $237,267Liabilities 2021: $78,250Net Assets 2021: $159,0172021Assets 2022: $256,420Liabilities 2022: $97,750Net Assets 2022: $158,6702022Assets 2023: $345,435Liabilities 2023: $107,000Net Assets 2023: $238,4352023Assets 2024: $486,505Liabilities 2024: $122,250Net Assets 2024: $364,2552024

Highlighted filing

2024

Assets$486,505
Liabilities$122,250
Net Assets$364,255

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2019: $148,756Expenses 2019: $100,206Net Income 2019: $48,5502019Revenue 2020: $91,453Expenses 2020: $48,200Net Income 2020: $43,2532020Revenue 2021: $85,776Expenses 2021: $32,797Net Income 2021: $52,9792021Revenue 2022: $45,414Expenses 2022: $45,761Net Income 2022: -$3472022Revenue 2023: $143,539Expenses 2023: $63,774Net Income 2023: $79,7652023Revenue 2024: $205,269Expenses 2024: $79,449Net Income 2024: $125,8202024

Highlighted filing

2024

Revenue$205,269
Expenses$79,449
Net Income$125,820

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.1
Gross Receipts
$287,054
Mission and Program Overview

Mission

Provide youth scholarships, hall of fame recognition, and crisis grants

Promote art of the cowhorse and provide support for industry members by providing youth scholarships, hall of fame recognition, and crisis grants for those in need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$324,838$449,807▲ $124,969
Rtn Earn Endowment Incm Other Fnds$238,435$364,255▲ $125,820
Accounts Receivable$20,597$36,698▲ $16,101
Total Assets$345,435$486,505▲ $141,070
Liabilities
Other Liabilities$107,000$122,250▲ $15,250
Total Liabilities$107,000$122,250▲ $15,250
Net Assets / Fund Balance
Total Net Assets Fund Balance$238,435$364,255▲ $125,820
Total Liabilities and Net Assets / Fund Balance$345,435$486,505▲ $141,070
Compensation and Service Providers

Board Members and Trustees

NameTitle
Boyd RicePresident
Paul BaileyVice-President
Todd CrawfordSecretary
Trey NealTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$165,155
Program Service Revenue
$0
Investment Income
$13,333
Other Revenue
$26,781
All Other Contributions
$72,609
Change in Net Assets
$125,820
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$53,020
Other Expenses$26,429
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$48,020--$48,020
Other Expenses$14,755--$14,755
Grants to Domestic Orgs$5,000--$5,000
Fees for Services Legal-$4,830-$4,830
Office Expenses-$2,591-$2,591
Advertising-$1,925-$1,925
Fees for Services Accounting-$1,500-$1,500
Insurance-$828-$828
Total Functional Expenses$67,775$11,674$0$79,449
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$108,566
Fundraising Direct Expenses$81,785
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner$185,092$92,546$6,941$85,605
Total Events$185,092$92,546$76,445$16,101
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$122,250
Scholarship Awards Payable-
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, Part VI, Section B, Line 11B

The 990 is prepared by the Associations CPA and is reviewed by her and the Vice-President of the Board who is in charge of finance for the Association.

Filing and Contact Details

Filer

Filer Name
NRCHA Foundation
EIN
82-4846105
Phone
9404881500
Address
256 H Highway 377, Pilot Point, TX 76258

Signing Officer

Name
Paul Bailey
Title
VicePresident
Phone
9404881500
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Bailey
Formed
2018
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
20

Preparer

Firm
Melissa Nation CPA PC
Address
310 W Rennie Ave, Pauls Valley, OK 73075
Preparer
Melissa Nation
Phone
4052387677
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 14,755, Grants and allocations 0, Revenue 0 Funding to provide recognition of NRCHA hall of fame recognition expenses

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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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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt067775
IRS990/TotalFunctionalExpensesGrp/TotalAmt079449
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0122250
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0238435
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0364255
IRS990/TotalOtherProgSrvcExpenseAmt014755
IRS990/TotalProgramServiceExpensesAmt067775
IRS990/TotalRevenueGrp/ExclusionAmt013333
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0205269
IRS990/TotalVolunteersCnt020
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0486505
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0252 Lowery Rd
IRS990/USAddress/CityNm0Sparta
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038583
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0nrcha.com/foundation
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Paul Bailey
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VicePresident
ReturnHeader/BusinessOfficerGrp/PhoneNum09404881500
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NRCHA Foundation
ReturnHeader/Filer/BusinessNameControlTxt0NRCH
ReturnHeader/Filer/EIN0824846105
ReturnHeader/Filer/PhoneNum09404881500
ReturnHeader/Filer/USAddress/AddressLine1Txt0256 H Highway 377
ReturnHeader/Filer/USAddress/CityNm0Pilot Point
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076258
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271947014
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Melissa Nation CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0310 W Rennie Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pauls Valley
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd073075
ReturnHeader/PreparerPersonGrp/PhoneNum04052387677
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Melissa Nation
ReturnHeader/ReturnTs02025-05-15T06:57:32-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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