NonprofitsNational Snaffle Bit Association Inc

National Snaffle Bit Association Inc

WEATHERFORD, TX

Total revenue

$7.3M

Total expenses

$7.2M

Net assets

$4.0M

Grants received

$190K

11 grants

EIN

581571998

Tax year

2024

Mission

The mission of the National Snaffle Bit Association, Inc. is to grow the show horse community through various equine program and events where every activity benefits horses, breeders, owners and exhibitors alike.

Programs

2 programs

Breeders Championship Futurity - a comprehensive program designed to appeal to breeders, owners, trainers, and exhibitors alike by offering a full slate of classes and paybacks available only to offspring of participating stallions. BCF eligible offspring compete for an annual purse of over $300,000 in offered classes from yearlings through six-years old. BCF nominated horses are also allowed to participate in the NSBAs BCF Yearling Sale held each year in conjunction with the NSBA World Championship Show and Breeders Championship Futurity.

Incentive Fund - a breeders program that encourages participation by offering enrolled horses a cash dividend for NSBA points earned in Open and Amateur Dual Approved and Special Event classes throughout the year.

Financials

FY 2024

Revenue

Contributions & grants$10K
Program service revenue$6.7M
Investment income$382K
Other revenue$282K
Total revenue$7.3M

Expenses

Grants paid
Salaries & benefits$1.2M
Fundraising
Other expenses$6.0M
Total expenses$7.2M
Total assets$6.4M
Net assets$4.0M

People

20 listed

NameRoleCompensation

STEPHANIE LYNN

Executive Dir.

Board

$171K

40 hrs/wk

MIKE HACHTEL

Director

Board

0.25 hrs/wk

CHARLES CANNIZZARO

IMM PAST PRES

Board

0.25 hrs/wk

KEVIN DUKES

President

Board

2 hrs/wk

PHIL HARRIS

PRESIDENT-ELECT

Board

0.25 hrs/wk

MICHAEL TIDWELL

VP/TREASURER

Board

0.25 hrs/wk

RICH CARR

Vice President

Board

0.25 hrs/wk

LORI BUCHOLZ

Director

Board

0.25 hrs/wk

COLE BAKER

Director

Board

0.25 hrs/wk

DENTON DEBUHR

Director

Board

0.25 hrs/wk

PATTY CAMPBELL

Director

Board

0.25 hrs/wk

CHRIS JONES

Director

Board

0.25 hrs/wk

ADAM DAURIO

Director

Board

0.25 hrs/wk

MEGAN HUNT

Director

Board

0.25 hrs/wk

KRISTY STARNES

Director

Board

0.25 hrs/wk

JULIE MARWEG

Director

Board

0.25 hrs/wk

DEAN BOGART

Director

Board

0.25 hrs/wk

LAINA BANKS

Director

Board

0.25 hrs/wk

NICOLE BARNES

DIR SALES TWTG

Staff

$115K

40 hrs/wk

CHRISTOPHER HERNANDEZ

IT MANAGER

Staff

$103K

40 hrs/wk

Independent contractors

EXPO SQUARE

FACILITY RENTAL

$600K

COUTURE LAMPS

TROPHY SUPPLIER

$180K

Grants received

Showing 11 of 11

FromAmountPurposeYear
$10K
MARKET DEVELOPMENT
2024
$5K
EQUESTRIAN ORG
2024
$10K
General Operating Funds
2023
$2K
EQUESTRIAN ORG
2023
$17K
General support
2022
$10K
General Operating Funds
2022
$60K
General Operating Funds
2021
$60K
General Operating Funds
2021
$5K
CHARITABLE USES OF THE ORGANIZATION
2021
$10K
General Operating Funds
2020

Funded by

$190K from 6 funders · 11 grants · 2020–2024

B Gill Clements Foundation

$150K · 5 grants · 2020–2023

American Quarter Horse Association

$17K · 1 grant · 2022

Us Livestock Genetics Exports Inc

$10K · 1 grant · 2024

Blume Family Foundation Inc

$7K · 2 grants · 2023–2024

Reeve Family Foundation

$5K · 1 grant · 2021

Baumgardt Family Foundation Inc

$1K · 1 grant · 2022

Details

EIN581571998
Subsection05
Ruling date1985-01
Formed1983
Employees14
Volunteers17
NATIONAL SNAFFLE BIT ASSOCIATION INC — Mission, Financials & Grants Received | Grantivo