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Nonprofit · EIN 61-1250793

SOUTHERN KY TEAM PENNING ASSOCIATION INC

Tax-exempt · GLASGOW, KY 42141

Financials

$19K$17K2022$40K$31K2023$42K$34K2024
Revenue Expenses · by fiscal year end
Financials of SOUTHERN KY TEAM PENNING ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$42,067$34,135$7,932$33,384–$33,384
December 31, 2023990-EZ$39,991$31,377$8,614$25,452–$25,452
December 31, 2022990-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.

NameTitleHours / weekCompensation
SEAN SHAWVP1$0
KRISTA SHAWSECRETARY1$0
GREG GASSAWAYPRESIDENT1$0
KRISTIE GASSAWAYTREASURER1$0
990-EZ for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
SEAN SHAWVP1$0
KRISTA SHAWSECRETARY1$0
GREG GASSAWAYPRESIDENT1$0
KRISTIE GASSAWAYTREASURER1$0
990-EZ for the year ended December 31, 2022: 4 people
NameTitleHours / weekCompensation
SEAN SHAWVP1$0
KRISTA SHAWSECRETARY1$0
GREG GASSAWAYPRESIDENT1$0
KRISTIE GASSAWAYTREASURER1$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

990-EZ for the year ended December 31, 2024

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-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

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$42,067$34,135$33,384XML
990-EZDecember 2023$39,991$31,377$25,452XML
990-EZDecember 2022$18,882$16,718$16,838XML
990-EZDecember 2021–––IRS
990-EZDecember 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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