Masterson Equestrian Trust Foundation Inc in Lexington, Kentucky (KY)
Table of contents:
| Masterson Equestrian Trust Foundation Inc | |
| Employer Identification Number (EIN) | 201631651 |
| Name of Organization | Masterson Equestrian Trust Foundation Inc |
| In Care of Name | John S Wiggs |
| Address | 357 Meadow Valley Rd, Lexington, KY 40511-8620 |
| Subsection | Educational Organization |
| Ruling Date | 12/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $59,368 |
| Amount of Income | $38,319 |
| Form 990 Revenue Amount | $28,973 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Equestrian, Riding |
Non-representatives - add comments:
Amount of income in 2013: $38,319 (it was $36,498 in 2012)
| Masterson Equestrian Trust Foundation Inc: | $38,319 |
| Other organizations performing similar types of work: | $67,089 |
Assets in 2013: $59,368 (it was $49,817 in 2012)
| This organization: | $59,368 |
| Other organizations performing similar types of work: | $24,756 |
Expenses in 2013: $19,422
| Masterson Equestrian Trust Foundation Inc: | $19,422 |
| Other organizations performing similar types of work: | $55,624 |
Income to expenses ratio in 2013: 2.0
| Masterson Equestrian Trust Foundation Inc: | 2.0 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 47.9%
| Masterson Equestrian Trust Foundation Inc: | 47.9% |
| 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 | $22,394 | $33,291 | $28,973 |
| Contributions, gifts, grants, and similar amounts received | $14,631 | $19,835 | $13,868 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $200 | $0 | $0 |
| Investment income | $606 | $16 | $8 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $6,957 | $13,440 | $15,097 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $10,913 | $16,647 | $24,443 |
| Less: direct expenses from gaming and fundraising events | $3,956 | $3,207 | $9,346 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $27,420 | $35,749 | $19,422 |
| Total net assets | $52,125 | $49,667 | $59,218 |
| Excess/Deficit for the year | $-5,026 | $-2,458 | $9,551 |
| Net assets or fund balances at beginning of year | $57,151 | $52,125 | $49,667 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $49,667 | $59,218 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $52,125 | $49,817 | $59,368 |
| Total liabilities | $0 | $150 | $150 |
| Net assets or fund balances | $52,125 | $49,667 | $59,218 |
| 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 | $0 |
| 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 | $60,607 |
| Subtotal Support | $60,607 |
| Gifts, grants, contributions, and membership fees received | $60,607 |
| 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 | $125,763 |
| Public Support | $60,607 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $972 |
| 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 | $64,184 |
| 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 |
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