Ushja Foundation Inc

Nonprofit profile at a glance

EIN
262472549
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
Lexington, KY, USA
Phone
8592256700
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$430,329
Expenses
$335,792
Assets
$2,225,087
Liabilities
$37,413

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Highest reported compensation

  • MARY BABICK (CHAIR): $60,250 total reported compensation
  • BRITT MCCORMICK (CHAIR): $9,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The ushja foundation advances the educational, humanitarian and competitive programs of the ushja.

What it reported doing in 2023

Scholarships, grants, & contributions - the ushja foundation has multiple scholarships and grants available to ushja members annually. The hamel scholarship for further education is designed to encourage further education among equestrians and will award up to 25k to up to three ushja members annually for college, graduate, trade or professional school. The gochman family grant for the us pony finals offers up to three annual grants to young riders to afford them the opportunity to compete in the us pony finals. Zone scholarships - funds are raised by members of regional zones and awarded as educational scholarships to zone members. The jt tallon memorial equitation grant is awarded to junior ushja members with limited financial resources who have qualified for a national equitation final are provided the support they need to attend. The chuck keller grant for equestrian excellence is awarded annually to one ushja emerging athletes national training session participant for the purpose of furthering their equestrian training in pursuit of equestrian excellence. The naomi blumenthal memorial training grant provides financial support for equestrians wishing to continue their equestrian education. The sunny stevens stable manager award is awarded annually to one ushja emerging athletes national training session stable manager participant for the purpose of further education.

Operating model

Revenue model
Donor-supported. 87% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 94
  • Accountability: 76
  • Sustainability: 66
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.6%; rating input score 76
  • Program expense ratio: 92.4%; rating input score 92
  • Fundraising efficiency: $24.81 raised per $1 spent on fundraising; rating input score 63; 63rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 18th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 22%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 6.63; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 2.5% per year; rating input score 100; 44th percentile among comparable filings
  • Revenue growth: -5.1% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: 1.6% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • Where the money goes: 75.6% of revenue deployed · 92.4% of spending went to programs
  • Governance: 2 of 3 board members independent · 7 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $310K in reported program spending
  • Leadership: top reported pay $60K · 4 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 8 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.