Wahset, Wa High School Equestrian Teams in Camas, Washington (WA)

Wahset, Wa High School Equestrian Teams
Employer Identification Number (EIN)	204145137
Name of Organization	Wahset
Secondary Name	Wa High School Equestrian Teams
In Care of Name	Beverly Matney
Address	PO BOX 469, Camas, WA 98607-0469
Subsection	Charitable Organization
Ruling Date	10/2007
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$100,000 to $499,999
Income	$100,000 to $499,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$110,876
Amount of Income	$368,614
Form 990 Revenue Amount	$54,495
National Taxonomy of Exempt Entities (NTEE)	Recreation, Sports, Leisure, Athletics: Equestrian, Riding

Non-representatives - add comments:

Amount of income in 2013: $368,614 (it was $365,697 in 2012)

Wahset, Wa High School Equestrian Teams:	$368,614
Other organizations performing similar types of work:	$67,089

Assets in 2013: $110,876 (it was $93,061 in 2012)

Wahset, Wa High School Equestrian Teams:	$110,876
Other organizations performing similar types of work:	$24,756

Expenses in 2013: $28,983

Wahset, Wa High School Equestrian Teams:	$28,983
Other organizations performing similar types of work:	$55,624

Income to expenses ratio in 2013: 12.7

This organization:	12.7
Other organizations performing similar types of work:	1.2

Grants share in income in 2013: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	21.2%

Financial snapshot ($)

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$46,798	$0	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$0
Gross rents	$0
Gross sales price for all assets	$0
Gross profit from sales of goods	$46,798
Gross sales less returns and allowances	$-275,018
Less: Cost of goods sold	$321,816
Other income	$0
Total expenses and disbursements	$28,983	$0	$0	$0
Compensation of officers, directors, trustees, etc.	$0
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$373
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$3,522
Printing and publications	$12,863
Total operating and administrative expenses	$22,818	$0		$0
Contributions, gifts, grants paid	$6,165
Excess of revenue over expenses and disbursements	$17,815
Net investment income		$0
Adjusted net income			$0

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$83,972	$83,972	$93,061	$93,061	$110,876	$110,876
Cash - non-interest-bearing	$83,972		$93,061		$110,876
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$0		$0		$0
Investments-corporate bonds	$0		$0		$0
Investments-mortgage loans	$0		$0		$0
Investments-other	$0		$0		$0
Other assets			$0		$0
Total liabilities	$0		$0		$0
Total liabilities and net assets/fund balances	$83,972		$93,061		$110,876

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$0	$0	$0
Net capital loss	$0	$0	$0

	2011	2012	2013
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$0	$0	$0
Total credits and payments	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$0
Tax due		$0	$0
Overpayment		$0	$0
Amount to be credited to next year's estimated tax	$0	$0	$0

	2011	2012	2013
Statements Regarding Activities
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?	No	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		No	No

	2011	2012	2013
Statements Regarding Activities for Which Form 4720 May Be Required
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?	No	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?	No	No	No
Agree to pay money or property to a government official?	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	Yes	Yes	Yes
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?		No	No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?	No	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?	No	No	No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?	No	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$0	$0	$0
Net value of noncharitable-use assets		$0	$0
Minimum investment return	$0	$0	$0

	2011	2012	2013
Distributable Amount
Distributable amount	$0	$0	$0

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$0	$0	$0
Undistributed income for this year. This amount must be distributed in the next year	$0	$0	$0

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
The lesser of the adjusted net income or the minimum investment return	$0	$0	$0	$0	$0
Qualifying distributions made directly for active conduct of exempt activities	$0	$0	$0	$0	$0
Value of all assets	$0	$0	$0	$0	$0
Value of assets qualifying under section 4942(j)(3)(B)(i)	$0	$0	$0	$0	$0
2/3 of minimum investment return	$0	$0	$0	$0	$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)	$0	$0	$0	$0	$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)	$0	$0	$0	$0	$0
Gross investment income	$0	$0	$0	$0	$0

Supplementary Information (for 2013)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$367,354
Interest on savings and temporary cash investments	$0	$0
Dividends and interest from securities	$0	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Washington State Hunters & Jumpers Association	23929 22nd Dr Se, Bothell, WA 98021-9626	WA	1999-07	$1,263,916
2	Wahset, Wa High School Equestrian Teams	PO BOX 469, Camas, WA 98607-0469	WA	2007-10	$368,614
3	Westside Team Penning Club	5130 246th St Ne, Arlington, WA 98223-9023	WA	2011-08	$281,131
4	Save A Forgotten Equine	12236 Old Frontier Rd Nw, Silverdale, WA 98383-9622	WA	2007-06	$216,545
5	Silver Spur Club	PO BOX 272, Silverdale, WA 98383-0272	WA	2007-04	$81,352
6	Washington Hunter-Jumper Foundation	18804 Ne 106th St, Redmond, WA 98052-2931	WA	2008-02	$12,606
7	Mt Adams Riding Club	Po Box 44, Trout Lake, WA 98650	WA	2003-07	$1,062
8	Sammamish Saddle Club Inc	4580 Klahanie Dr Se 182, Issaquah, WA 98029-5812	WA	2001-02	$703
9	Bachelor Creek Ranch, Bcr	201 Kader Ln, Selah, WA 98942	WA	2010-03	$0
10	Blue Waters Youth Ranch	12015 E Randall Rd, Mead, WA 99021	WA	2010-10	$0
11	Cayuse Communication	Po Box 161, Nespelem, WA 99155	WA	2010-03	$0
12	Cherry Crest Saddle Club	3200 130th Ave Ne, Bellevue, WA 98005	WA	2005-01	$0
13	Chesaw Rodeo Club Inc	2012a Chesaw Rd, Oroville, WA 98844	WA	2014-05	$0
14	Cowboy Traditions Ranch Roping Association	4731 Kittitas Hwy, Ellensburg, WA 98926-7119	WA	2015-03	$0
15	Equestrienne Of Mason County	93 E Cranberry Creek Rd, Shelton, WA 98584	WA	2011-02	$0
16	Northwest Gaited Horse Club	7616 Eastside Dr Ne, Tacoma, WA 98422	WA	2004-04	$0
17	Northwest Territory Riders Association	12404 Sandridge Rd, Long Beach, WA 98631	WA	2009-12	$0
18	Pendalton Chapter Of The Back Country Horsemen Of Oregon	616 23rd St Nw, Puyallup, WA 98371-5023	WA	2000-06	$0
19	Promise 23 Ranch Ministries	2065 E Hemmi Rd, Everson, WA 98247-9775	WA	2014-09	$0
20	Ride To Succeed Arena	7910 W Burroughs Rd, Deer Park, WA 99006	WA	2009-06	$0

Number of organizations performing similar types of work

Alaska	5
Alabama	10
Arkansas	4
Arizona	18
California	87
Colorado	35
Connecticut	10
District of Columbia	1
Delaware	2
Florida	31
Georgia	27
Hawaii	5
Iowa	9
Idaho	11
Illinois	11
Indiana	8
Kansas	9
Kentucky	20
Louisiana	8
Massachusetts	12
Maryland	16
Maine	3
Michigan	21
Minnesota	18
Missouri	19
Mississippi	2

Montana	14
North Carolina	19
North Dakota	3
Nebraska	9
New Hampshire	1
New Jersey	14
New Mexico	10
Nevada	9
New York	22
Ohio	27
Oklahoma	21
Oregon	18
Pennsylvania	19
Rhode Island	2
South Carolina	6
South Dakota	5
Tennessee	16
Texas	55
Utah	6
Virginia	31
Vermont	3
Washington	33
Wisconsin	15
West Virginia	5
Wyoming	14

Total

779

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