Bourbon County Equine Festival Inc in Paris, Kentucky (KY)
Table of contents:
| Bourbon County Equine Festival Inc | |
| Employer Identification Number (EIN) | 263277384 |
| Name of Organization | Bourbon County Equine Festival Inc |
| In Care of Name | Clareborne Farm |
| Address | 703 Winchester Rd, Paris, KY 40361-9501 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 07/2013 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $18,817 |
| Amount of Income | $36,598 |
| Form 990 Revenue Amount | $32,884 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Equestrian, Riding |
Non-representatives - add comments:
Amount of income in 2013: $36,598 (it was $43,169 in 2012)
| This organization: | $36,598 |
| Other organizations performing similar types of work: | $67,089 |
Assets in 2013: $18,817 (it was $19,093 in 2012)
| Bourbon County Equine Festival Inc: | $18,817 |
| Other organizations performing similar types of work: | $24,756 |
Expenses in 2013: $33,161
| This organization: | $33,161 |
| Other organizations performing similar types of work: | $55,624 |
Income to expenses ratio in 2013: 1.1
| Bourbon County Equine Festival Inc: | 1.1 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 38.1%
| Bourbon County Equine Festival Inc: | 38.1% |
| Other organizations performing similar types of work: | 21.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $20,187 | $31,923 | $32,884 |
| Contributions, gifts, grants, and similar amounts received | $8,750 | $19,315 | $12,539 |
| Program service revenue including government fees and contracts | $9,155 | $7,968 | $9,506 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $165 | $131 | $43 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $2,117 | $4,509 | $10,796 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $6,071 | $15,755 | $14,510 |
| Less: direct expenses from gaming and fundraising events | $3,954 | $11,246 | $3,714 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $21,028 | $29,377 | $33,161 |
| Total net assets | $16,547 | $19,093 | $18,817 |
| Excess/Deficit for the year | $-841 | $2,546 | $-277 |
| Net assets or fund balances at beginning of year | $17,388 | $16,547 | $19,094 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $19,093 | $18,817 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $16,547 | $19,093 | $18,817 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $16,547 | $19,093 | $18,817 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $89,004 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $89,004 |
| Subtotal Support | $89,004 |
| Gifts, grants, contributions, and membership fees received | $89,004 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $89,649 |
| Public Support | $89,004 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $645 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | United States Equestrian Federation Inc | 4047 Iron Works Pkwy, Lexington, KY 40511-8516 | KY | 2004-02 | $30,391,428 |
| 2 | World Games 2010 Foundation Inc | 250 W Main St Ste 1400, Lexington, KY 40507-1721 | KY | 2007-02 | $2,649,947 |
| 3 | Usa Equestrian Trust Inc | PO BOX 13321, Lexington, KY 40583-3321 | KY | 1959-05 | $817,527 |
| 4 | Makers Mark Secretariat Center | 4089 Iron Works Pkwy, Lexington, KY 40511-8483 | KY | 2012-02 | $524,414 |
| 5 | Kentucky Dressage Association Inc | 13010 Middletown Ind Blvd, Louisville, KY 40223-4799 | KY | 1981-02 | $383,643 |
| 6 | Northern Kentucky Youth Hockey Association Inc | 2638 Anderson Rd, Crescent Springs, KY 41017 | KY | 2011-03 | $213,472 |
| 7 | United States Equestrian Games Association | 5400 Old Silgo Road, Lagrange, KY 40031 | KY | 2014-10 | $57,730 |
| 8 | Masterson Equestrian Trust Foundation Inc | 357 Meadow Valley Rd, Lexington, KY 40511-8620 | KY | 2004-12 | $38,319 |
| 9 | Bourbon County Equine Festival Inc | 703 Winchester Rd, Paris, KY 40361-9501 | KY | 2010-12 | $36,598 |
| 10 | High Hope Steeple Chase Association Inc | 4089 Iron Works Pkwy, Lexington, KY 40511-8483 | KY | 1996-03 | $16,898 |
| 11 | Oldham County Saddle Club | 2306 East Highway 22, Crestwood, KY 40014 | KY | 2011-09 | $7,628 |
| 12 | Three Phase Event Inc | 120 N Mill St Ste 300, Lexington, KY 40507-1236 | KY | 2011-05 | $7,597 |
| 13 | Bluegrass Texas Longhorn Association Inc | 685 Wells Rd, Nortonville, KY 42442-9462 | KY | 2004-03 | $2 |
| 14 | Cave Country Saddle Club | 599 Violet Avenue, Horse Cave, KY 42749 | KY | 2001-07 | $0 |
| 15 | Kentucky Foothills Therapeutic Horsemanship Center Inc | 7822 Hwy 2004, Mckee, KY 40447 | KY | 2014-08 | $0 |
| 16 | Rocky Mountain Horse Drill Team | PO BOX 490, Mt Sterling, KY 40353-0490 | KY | 2000-09 | $0 |
| 17 | Rough Riders Saddle Club Inc | PO BOX 712, Garrison, KY 41141 | KY | 2011-06 | $0 |
| 18 | Society For Arabian Horses In The Bluegrass Area, Sahiba | 2995 Gratz Road, Owenton, KY 40359 | KY | 2011-02 | $0 |
| 19 | Trail Pleasure Saddle Club | 2665 Old Railroad Rd, Paint Lick, KY 40461 | KY | 2011-03 | $0 |
| 20 | Wings On A Prayer Inc | 1205 Gibson Rd, Falls Of Rough, KY 40119 | KY | 2009-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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