2023-03-31T10:31:18-05:00 2022-12-31 362170602 WARADY & DAVIS LLP 1717 DEERFIELD RD SUITE 300S DEERFIELD IL 60015 990 2022-01-01 581571998 NATIONAL SNAFFLE BIT ASSOCIATION INC NATI 8476236722 1391 ST PAUL AVE GURNEE IL 60031 CHARLES CANNIZZARO PRESIDENT 8476236722 2023-03-28 1 CHARLES CANNIZZARO 999009999 0 SUSAN GREGGO P00595460 8472679600 2023-03-28 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHARLES CANNIZZARO 1391 ST PAUL AVE GURNEE IL 60031 6602103 0 X WWW.NSBA.COM X 1983 GA TO PROMOTE EXHIBITS, EVENTS, TRAINING AND INTEREST IN THE PLEASURE HORSE AND IMPROVE ITS QUALITY. 18 18 16 18 467746 0 0 290100 6190343 5946768 10526 7461 372754 331298 6573623 6575627 0 156523 0 0 1154528 1056177 0 0 0 4355383 4885957 5509911 6098657 1063712 476970 5309786 5863990 2385486 2461834 2924300 3402156 X THE PURPOSE OF THE NATIONAL SNAFFLE BIT ASSOCIATION IS TO DEFINE, PROMOTE AND IMPROVE THE QUALITY OF THE PLEASURE HORSE, TO PROMOTE EXHIBITS, EVENTS AND CONTESTS IN EXPOSITIONS AND SHOWS; TO PROMOTE THE TRAINING OF PLEASURE HORSES, TO PROMOTE INTEREST IN PLEASURE HORSES AMONG YOUNGER HORSEMEN AND TO USE AND ENCOURAGE THE USE OF THE STANDARD RULES FOR HOLDING AND JUDGING CONTESTS OF THE PLEASURE HORSE. 0 0 SANCTIONED EVENTS, SHOWS AND CONTESTS INCLUDING THE WORLD CHAMPIONSHIP SHOW, WHICH IS A COMPETITION FOR ALL BREED EQUINE ASSOCIATIONS. STALLION INCENTIVE FUND PROGRAM FACILITATES DONATED BREEDINGS BY STALLION OWNERS. BREEDERS CHAMPIONSHIP FUTURITY PROGRAM - NOMINATIONS OF STALLION BREEDINGS AND FOAL NOMINATIONS FOR COMPETITION SMART POINTS IS A PROGRAM IN WHICH COMPETION REWARDS ARE EARNED BY YOUTH FOR COLLEGE ASSISTANCE. OTHER YOUTH PROGRAMS INCLUDE LEADERSHIP CONFERENCES AND EDUCATIONAL WORKSHOPS. OTHER PROGRAMS INCLUDE MEMBERSHIP, LICENSING, JUDGES, AND MAGAZINE 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 505 0 16 1 1 1 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X STEPHANIE LYNN 8476236722 1391 SAINT PAUL AVE GURNEE IL 60031 JANET GUNN PRESIDENT 0.20 X X 0 0 0 CLAY MACLEOD IMMEDIATE PAST PRESIDENT 0.20 X X 0 0 0 CHARLES CANNIZZARO PRESIDENT ELECT 0.20 X X 0 0 0 KEVIN DUKES 1ST VICE PRESIDENT 0.20 X X 0 0 0 PHIL HARRIS 2ND VICE PRESIDENT 0.20 X X 0 0 0 MICHAEL TIDWELL TREASURER 0.20 X 0 0 0 LAINA BANKS SECRETARY 0.20 X 0 0 0 KELLY MCDOWALL DIRECTOR 0.20 X 0 0 0 KRISTY STARNES DIRECTOR 0.20 X 0 0 0 CHRIS JONES DIRECTOR 0.20 X 0 0 0 CODY PARRISH DIRECTOR 0.20 X 0 0 0 MAGGIE BELLVILLE DIRECTOR 0.20 X 0 0 0 JIM SEARLES DIRECTOR 0.00 X 0 0 0 RICHARD CARR DIRECTOR 0.20 X 0 0 0 REBECCA HOGAN DIRECTOR 0.20 X 0 0 0 DENTON DEBUHR DIRECTOR 0.20 X 0 0 0 LORI BUCHOLZ DIRECTOR 0.20 X 0 0 0 JOHNE DOBBS PAST PRESIDENT 0.20 X X 0 0 0 STEPHANIE LYNN EXECUTIVE DIRECTOR 40.00 5.00 X 169102 0 11393 NICOLE BARNES MAGAZINE SALES 40.00 X 106451 0 10654 275553 0 22047 2 0 1 0 0 290100 290100 BCF/WORLD SHOW 110000 3318929 3318929 MEMBERSHIP DUES 900099 905842 905842 OTHER SHOWS 110000 500165 500165 MAGAZINES 900099 470115 2369 467746 LICENSING PROGRAM 110000 410545 410545 341172 341172 5946768 7461 7461 32460 26476 5984 5984 5984 26260 0 26260 26260 CREDIT CARD SURCHARGES 900099 175376 175376 ADMINISTRATIVE CHARGES 900099 115904 115904 OTHER REVENUES 900099 7774 7774 299054 6575627 5804336 467746 13445 X 156523 883295 24862 78751 69269 29907 304952 26123 225780 25606 28658 379620 50699 47713 16247 PAYOUTS 1551258 ARENA RENTAL 472773 PRINTING 464003 DAY FEES 354870 907748 6098657 3157044 2094558 536848 23621 11056 62788 71133 1549073 373189 379373 1175884 1686960 1974511 5309786 5863990 280383 321704 1862720 1863583 242383 276547 2385486 2461834 X 2924300 3402156 2924300 3402156 5309786 5863990 476970 886 0 X X 1 X 0 1 0 0 1 0 105244 105244 990725 123430 867295 140664 103017 37647 312440 146742 165698 1175884 CERTIFICATES OF DEPOSIT 1974511 C 1974511 SECURITY DEPOSIT 2550 SMART POINT LIABILITY 266852 DUE TO AFFILIATE 7145 276547 X PART X, LINE 2: THE ASSOCIATION HAS ADOPTED THE GUIDANCE IN THE FASB ASC TOPIC ON INCOME TAXES RELATED TO UNCERTAINTY IN INCOME TAXES WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE ASSOCIATION HAS TAKEN OR EXPECTS TO TAKE IN ITS TAX RETURNS. UNDER THE GUIDANCE, THE ASSOCIATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS "MORE LIKELY THAN NOT" THAT IT IS SUSTAINABLE, BASED ON ITS TECHNICAL MERITS. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION SHOULD BE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY HAVING FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS RETURNS. 1 NATIONAL SNAFFLE BIT ASSOCIATION FOUNDATION 1391 ST PAUL AVE GURNEE IL 60031 271434965 501 C (3) 156523 0 SUPPORT THE FOUNDATION'S CRISIS FUND WITH REMAINING FUNDS FROM THE ASSOCIATION'S CRISIS PROGRAM 1 0 0 0 STEPHANIE LYNN EXECUTIVE DIRECTOR 169102 0 0 0 0 0 5098 0 6295 0 180495 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION IS A MEMBERSHIP ORGANIZATION WITH MEMBERS FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP MAKES NOMINATIONS FOR BOARD APPOINTMENTS. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE ASSOCIATION'S BOOKKEEPER, EXECUTIVE DIRECTOR AND EXECUTIVE COMMITEE. ONCE REVIEWED, IT IS PROVIDED TO THE FULL GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THERE IS AN ANNUAL REVIEW OF BOARD MEMBER ACTIVITY. THE EXECUTIVE DIRECTOR, AND TREASURER ALSO REVIEW MONTHLY DEPOSITS AND EXPENSES WHICH WOULD INDICATE ANY BOARD ACTIVITY TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE CONSIDERING INDUSTRY INFORMATION DETERMINING THE EXECUTIVE DIRECTOR'S SALARY WHICH IS INCLUDED IN A CONTRACT AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E AWARDS AND GIFTS 299,532. PLAQUES AND TROPHIES 221,781. BANK CHARGES AND CREDIT CARD FEES 178,830. EQUIPMENT RENTAL 128,873. OTHER SHOW EXPENSES 48,174. SPONSORSHIPS 26,459. NEWSLETTER 2,825. MISCELLANEOUS 889. LICENSES, PERMITS AND FILING FEES 385. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NATIONAL SNAFFLE BIT ASSOCIATION FOUNDATION INC 1391 ST PAUL AVE GURNEE IL 60031 271434965 CHARITABLE ORGANIZATION DEDICATED TO SUPPORTING THE EQUINE COMMUNITY. IL 501(C)(3) LINE 7 0 NATIONAL OPEN HORSE SHOW ASSOCIATION 1391 ST PAUL AVE GURNEE IL 60031 834411916 MEMBERSHIP ORGANIZATION TO PROMOTE AND IMPROVE THE OPEN HORSE SHOW COMMUNITY IL 501(C)(5) 0 0 1 0 1 1 0 0 0 0 0 0 1 0 1 1 1 1 1 1