Nonprofit · EIN 61-1250793
SOUTHERN KY TEAM PENNING ASSOCIATION INC
Tax-exempt · GLASGOW, KY 42141
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $42,067 | $34,135 | $7,932 | $33,384 | – | $33,384 |
| December 31, 2023 | 990-EZ | $39,991 | $31,377 | $8,614 | $25,452 | – | $25,452 |
| December 31, 2022 | 990-EZ | $18,882 | $16,718 | $2,164 | $16,838 | – | $16,838 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $42,067
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $34,135
- Program services (functional)
- $42,067
Balance sheet and other
- Total assets, start of year
- $25,452
- Total assets, end of year
- $33,384
- Total liabilities, end of year
- –
- Net assets, end of year
- $33,384
- Cash, savings and investments
- $33,384
- Gross receipts
- $42,067
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SEAN SHAW | VP | 1 | $0 |
| KRISTA SHAW | SECRETARY | 1 | $0 |
| GREG GASSAWAY | PRESIDENT | 1 | $0 |
| KRISTIE GASSAWAY | TREASURER | 1 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SEAN SHAW | VP | 1 | $0 |
| KRISTA SHAW | SECRETARY | 1 | $0 |
| GREG GASSAWAY | PRESIDENT | 1 | $0 |
| KRISTIE GASSAWAY | TREASURER | 1 | $0 |
990-EZ for the year ended December 31, 2022: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SEAN SHAW | VP | 1 | $0 |
| KRISTA SHAW | SECRETARY | 1 | $0 |
| GREG GASSAWAY | PRESIDENT | 1 | $0 |
| KRISTIE GASSAWAY | TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5779 FINNEY RD, GLASGOW, KY 42141-9690
- Signed the 990-EZ
- GREG GASSAWAY, PRESIDENT
- Phone
- (270) 590-8540
- Return prepared by
- MONTGOMERY TAX SERVICE
Mission
CONDUCT EQUINE ACTIVITIES
Program accomplishments
- CONDUCTED THE EQUINE ACTIVITY KNOWN AS TEAM PENNING.THESE EVENTS ARE ORGANIZED FOR EXPERIENCED, NOVICEAND YOUTH RIDERS.
- CONDUCTED THE EQUINE ACTIVITY KNOW AS TEAM SORTING.THESE EVENTS ARE ORGANIZED FOR EXPERIENCED, NOVICEAND YOUTH RIDERS.Expenses $42,067
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 61-1250793
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $33,384
- Income (IRS master file)
- $42,067
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $42,067 | $34,135 | $33,384 | XML |
| 990-EZ | December 2023 | $39,991 | $31,377 | $25,452 | XML |
| 990-EZ | December 2022 | $18,882 | $16,718 | $16,838 | XML |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-1250793).
Questions about SOUTHERN KY TEAM PENNING ASSOCIATION INC
- What is the EIN of SOUTHERN KY TEAM PENNING ASSOCIATION INC?
- The employer identification number (EIN) of SOUTHERN KY TEAM PENNING ASSOCIATION INC is 61-1250793.
- Is SOUTHERN KY TEAM PENNING ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1996.
- Are donations to SOUTHERN KY TEAM PENNING ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTHERN KY TEAM PENNING ASSOCIATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SOUTHERN KY TEAM PENNING ASSOCIATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHERN KY TEAM PENNING ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of SOUTHERN KY TEAM PENNING ASSOCIATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does SOUTHERN KY TEAM PENNING ASSOCIATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $42,067, expenses of $34,135 and total assets of $33,384 at year end.
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