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TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is atwww.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Inspection
Name of the organization
NATIONAL REINING HORSE ASSOCIATION
Employer identification number
31-0826605
31-0826605
| Return Reference | Explanation |
|---|---|
| GENERAL STATEMENT 1 | PART III: ORGANIZATION'S MISSION LINE 1: The corporation is formed to promote and encourage public interest in agricultural and ranching through reining horse shows and programs; to develop standards of performance and judging of reining horses; to encourage the development and breeding of better reining horses; to develop a higher degree of efficiency in the occupation and career of professional reining horse trainers, owners, and breeders; and to disseminate information about reining horses. |
| General statement 2 | PART VI: GOVERNANCE, MANAGEMENT, POLICIES AND DISCLOSURE LINE 1A: THE EXECUTIVE COMMITTEE SHALL BE CHARGED WITH THE DAILY OPERATIONAL RESPONSIBILITIES OF THE ASSOCIATION AS DELEGATED BY THE BOARD OF DIRECTORS AND THESE BYLAWS, SPECIFICALLY LIMITED TO THOSE DECISIONS NECESSARY, ON A DAILY BASIS OR REQUIRING IMMEDIATE ATTENTION, FOR CONTINUITY AS ESTABLISHED BY THE BYLAWS, RULES AND REGULATIONS, ACTIVE RESOLUTIONS ADOPTED BY THE BOARD OF DIRECTORS AND POLICIES AND PROCEDURES APPROVED BY THE BOARD OF DIRECTORS. ANY SUCH DECISION OR ACTION TAKEN BY THE EXECUTIVE COMMITTEE AS ALLOWED HEREIN REQUIRES A MAJORITY APPROVAL OF THE OFFICERS WHO COMPRISE THE EXECUTIVE COMMITTEE. THE BOARD OF DIRECTORS HAS THE OVERSIGHT RESPONSIBILITY FOR THE EXECUTIVE COMMITTEE OF THIS ASSOCIATION AND CAN COUNTERMAND ANY ACTIONS OR DECISIONS THE BOARD DEEMS APPROPRIATE. PART VI: GOVERNANCE, MANAGEMENT, POLICIES AND DISCLOSURE LINE 6 & 7A: THE RIGHTS OF THE MEMBERS INCLUDE THE FOLLOWING: VOTE ON CHANGES TO THE BYLAWS, ELECT THE OFFICERS OF THE EXECUTIVE COMMITTEE, AND VOTE FOR REGIONAL REPRESENTATIVES TO THE BOARD OF DIRECTORS. THE REGIONAL REPRESENTATIVES AND THE EXECUTIVE COMMITTEE COMPRISE THE BOARD OF DIRECTORS. REGIONAL REPRESENTATION IS BASED ON THE NUMBER OF MEMBERS PER EACH REGION AND THE BYLAWS. ELECTED MEMBER-DIRECTORS SERVE 2 YEAR TERMS. PART VI: GOVERNANCE, MANAGEMENT, POLICIES AND DISCLOSURE LINE 11B: THE NRHA ENGAGES A PAID PREPARER EXPERIENCED IN THE PREPARATION OF FORM 990 TO PREPARE THE RETURN. A COPY OF THE FORM 990 IS EMAILED TO THE FINANCE COMMITTEE AND ALL BOARD MEMBERS PRIOR TO FILING. PART VI: GOVERNANCE, MANAGEMENT, POLICIES AND DISCLOSURE LINE 12: THE CONFLICTS OF INTEREST POLICY IS REVIEWED AT THE FIRST BOARD OF DIRECTORS MEETING EACH YEAR. AT WHICH TIME, EACH DIRECTOR HAS THE OPPORTUNITY TO DISCLOSE ANY POTENTIAL CONFLICT TO MANAGEMENT. DIRECTORS ARE ALSO REMINDED TO DISCLOSE ANY CONFLICTS THAT ARISE DURING THE YEAR DURING REGULARLY SCHEDULED BOARD MEETINGS. PART VI: GOVERNANCE, MANAGEMENT, POLICIES AND DISCLOSURE LINE 15A & 15B: ON AN ANNUAL BASIS, COMPENSATION DATA IS COMPILED INTERNALLY BY NRHA'S MANAGEMENT, BASED PRIMARILY ON FORMS 990 OF OTHER SIMILAR TAX-EXEMPT ORGANIZATIONS. THE COMPARISON INFORMATION IS GATHERED FOR PERSONS SIMILARLY QUALIFIED IN COMPARABLE POSITIONS TO THAT OF NRHA'S TOP MANAGEMENT. THE COMPENSATION DATA IS THEN PROVIDED TO THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF NRHA. THE BOARD OF DIRECTORS HAS DELEGATED AUTHORITY TO EVALUATE THE TOP MANAGEMENT POSITIONS OF THE ORGANIZATION, WHICH INCLUDES THE executive director AND CHIEF FINANCIAL OFFICER. THE COMPENSATION COMMITTEE REVIEWS THE DATA AND PROVIDES THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WITH RECOMMENDATIONS. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE RECOMMENDATIONS. PART VI: GOVERNANCE, MANAGEMENT, POLICIES AND DISCLOSURE LINE 19: NRHA'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON NRHA'S WEBSITE TO ITS MEMBERS WHEN ENTERING THE MEMBERS ONLY SECTION OF THE ORGANIZATION'S WEBSITE. NRHA'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. |
| GENERAL STATEMENT 3 | PART VII, SECTION B: INDEPENDENT CONTRACTORS LINE 1: DARTMOUTH PRINTING CO. PRINTING $315,076 P.O. BOX 415740 BOSTON, MA 02241-5740 EVENTURES, INC. DECORATING $148,544 P.O. BOX 76559 OKLAHOMA CITY, OK 73147 |
| GENERAL STATEMENT 4 | PART XI: RECONCILIATION OF NET ASSETS LINE 9: EARNINGS FROM SUBSIDIARIES (25,732) |
| GENERAL STATEMENT 5 | AMENDED FORM 990, LIST OF AMENDMENTS: AT THE TIME OF ORIGINALLY FILING THE FORM 990, AUDITED FINANCIALS HAD NOT BEEN ISSUED. THE FOLLOWING CHANGES HAVE BEEN MADE TO REFLECT THE FINAL AUDIT: -PART X, LINE 9: ADJUSTMENT TO PREPAID EXPENSE BALANCE -PART X, LINE 15: ADJUSTMENT TO OTHER ASSETS BALANCE -PART X, LINE 17: ADJUSTMENT TO ACCOUNTS PAYABLE BALANCE -PART XI, LINE 5: ADJUSTMENT TO UNREALIZED GAIN (LOSSES) ON INVESTMENTS -PART XI, LINE 9: ADJUSTMENT TO OTHER CHANGE IN NET ASSETS FROM ADDITIONAL EARNINGS FROM SUBSIDIARIES -PART XII, LINE 2B: CHANGED RESPONSE TO 'YES' -PART XII, LINE 2B: CHECKED THE CONSOLIDATED AUDIT BOX -PART XII, LINE 2B: CHANGED RESPONSE TO 'YES' -SCHEDULE O, GENERAL STATEMENT 2, PART VI, LINE 11B: UPDATED FOR REVIEW PROCESS OF FORM 990 -SCHEDULE R, PART IV, LINE 1, COLUMN (F): UPDATED SHARE OF TOTAL INCOME FROM SUBSIDIARY -SCHEDULE R, PART IV, LINE 1, COLUMN (G): UPDATED SHARE OF TOTAL ASSETS FROM SUBSIDIARY -SCHEDULE R, PART IV, LINE 2, COLUMN (F): UPDATED SHARE OF TOTAL INCOME FROM SUBSIDIARY |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014
Additional Data
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