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Southern Cutting Horse Futurity Inc

Organization summary

Type of Nonprofit

Designated as a Labor, agricultural and horticultural organizations that are educational or instructive, including unions, created for the purpose of improving conditions of work, and products of efficiency.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$1.79M (2024)

Expenses
$1.79M (2024)

Total Assets
$388k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,790,426
Expenses
$1,788,000
Net Income
$2,426
Net Assets
$388,162
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,336,130
74.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $454,296
25.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $41,445
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $388,162
Total Liabilities $0
Net Assets $388,162
Compensation
Key Employees and Officers Compensation Related Other
Gwen Coie (Secretary) $24,820 $0 $0
Ray Smith (Director) $16,625 $0 $0
Ricky Thaggard (President) $0 $0 $0
Keith Deaville (Director) $0 $0 $0
Greg Thaggard (Vice President) $0 $0 $0
Mark Coie (Director) $0 $0 $0
Andy Loague (Director) $0 $0 $0
Zeke Entz (Director) $0 $0 $0
Austin Shepard (Director) $0 $0 $0
Tc Scheer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,454,639
Expenses
$1,501,166
Net Income
-$46,527
Net Assets
$385,736
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,115,355
76.7%
Investment Income $68
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $339,216
23.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $29,810
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $385,736
Total Liabilities $0
Net Assets $385,736
Compensation
Key Employees and Officers Compensation Related Other
Gwen Coie (Secretary) $19,810 $0 $0
Ray Smith (Director) $10,000 $0 $0
Ricky Thaggard (President) $0 $0 $0
Keith Deaville (Director) $0 $0 $0
Greg Thaggard (Vice President) $0 $0 $0
Mark Coie (Director) $0 $0 $0
Andy Loague (Director) $0 $0 $0
Zeke Entz (Director) $0 $0 $0
Austin Shepard (Director) $0 $0 $0
Todd Gann (Director) $0 $0 $0

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Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,167,291
Expenses
$1,171,750
Net Income
-$4,459
Net Assets
$432,263
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $742,468
63.6%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $424,820
36.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $26,062
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $432,263
Total Liabilities $0
Net Assets $432,263
Compensation
Key Employees and Officers Compensation Related Other
Gwen Coie (Secretary) $16,062 $0 $0
Ray Smith (Director) $10,000 $0 $0
Ricky Thaggard (President) $0 $0 $0
Keith Deaville (Director) $0 $0 $0
Greg Thaggard (Vice President) $0 $0 $0
Mark Coie (Director) $0 $0 $0
Andy Loague (Director) $0 $0 $0
Zeke Entz (Director) $0 $0 $0
Austin Shepard (Director) $0 $0 $0
Todd Gann (Director) $0 $0 $0
Charlotte Armstrong (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,239,704
Expenses
$1,267,983
Net Income
-$28,279
Net Assets
$436,722
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $894,860
72.2%
Investment Income $6
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $344,838
27.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $20,295
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $436,722
Total Liabilities $0
Net Assets $436,722
Compensation
Key Employees and Officers Compensation Related Other
Gwen Coie (Secretary) $20,295 $0 $0
Ricky Thaggard (President) $0 $0 $0
Keith Deaville (Director) $0 $0 $0
Greg Thaggard (Vice President) $0 $0 $0
Robert C Brown (Director) $0 $0 $0
Bill Pierce (Director) $0 $0 $0
Todd Gann (Director) $0 $0 $0
Ray Smith (Director) $0 $0 $0
Zeke Entz (Director) $0 $0 $0
Mark Coie (Director) $0 $0 $0
Andy Loague (Director) $0 $0 $0
Charlotte Armstrong (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,377,738
Expenses
$1,294,149
Net Income
$83,589
Net Assets
$465,001
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,320,355
95.8%
Investment Income $11
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $57,372
4.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $16,653
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $465,001
Total Liabilities $0
Net Assets $465,001
Compensation
Key Employees and Officers Compensation Related Other
Gwen Coie (Secretary) $15,153 $0 $0
Andy Loague (Director) $1,500 $0 $0
Ricky Thaggard (President) $0 $0 $0
Keith Deaville (Director) $0 $0 $0
Greg Thaggard (Vice President) $0 $0 $0
Robert C Brown (Director) $0 $0 $0
Bill Pierce (Director) $0 $0 $0
Todd Gann (Director) $0 $0 $0
Ray Smith (Director) $0 $0 $0
Zeke Entz (Director) $0 $0 $0
Mark Coie (Director) $0 $0 $0
Charlotte Armstrong (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,441,470
Expenses
$1,347,236
Net Income
$94,234
Net Assets
$381,412
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,441,317
100.0%
Investment Income $153
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $381,412
Total Liabilities $0
Net Assets $381,412
Compensation
Key Employees and Officers Compensation Related Other
Ricky Thaggard (President) $0 $0 $0
Gwen Coie (Secretary) $0 $0 $0
Keith Deaville (Director) $0 $0 $0
Greg Thaggard (Director) $0 $0 $0
Robert C Brown (Director) $0 $0 $0
Bill Pierce (Director) $0 $0 $0
Todd Gann (Director) $0 $0 $0
Ray Smith (Director) $0 $0 $0
Zeke Entz (Director) $0 $0 $0
Mark Coie (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,318,237
Expenses
$1,401,335
Net Income
-$83,098
Net Assets
$287,178
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,290,365
97.9%
Investment Income $122
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $27,750
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $287,178
Total Liabilities $0
Net Assets $287,178
Compensation
Key Employees and Officers Compensation Related Other
Ricky Thaggard (President) $0 $0 $0
Gwen Coie (Secretary) $0 $0 $0
Keith Deaville (Director) $0 $0 $0
Greg Thaggard (Director) $0 $0 $0
Robert C Brown (Director) $0 $0 $0
Bill Pierce (Director) $0 $0 $0
Charlotte Armstrong (Director) $0 $0 $0
Ray Smith (Director) $0 $0 $0
Tim May (Director) $0 $0 $0
Andy Loague (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,168,605
Expenses
$1,154,512
Net Income
$14,093
Net Assets
$370,276
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,148,530
98.3%
Investment Income $27
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20,048
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $370,276
Total Liabilities $0
Net Assets $370,276
Compensation
Key Employees and Officers Compensation Related Other
Ricky Thaggard (President) $0 $0 $0
Gwen Coie (Secretary) $0 $0 $0
Keith Deaville (Director) $0 $0 $0
Greg Thaggard (Director) $0 $0 $0
Robert C Brown (Director) $0 $0 $0
Bill Pierce (Director) $0 $0 $0
Charlotte Armstrong (Director) $0 $0 $0
Ray Smith (Director) $0 $0 $0
Tim May (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$968,941
Expenses
$985,627
Net Income
-$16,686
Net Assets
$356,183
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $963,930
99.5%
Investment Income $11
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,000
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $356,183
Total Liabilities $0
Net Assets $356,183
Compensation
Key Employees and Officers Compensation Related Other
Ricky Thaggard (President) $0 $0 $0
Gwen Coie (Secretary) $0 $0 $0
Keith Deaville (Director) $0 $0 $0
Greg Thaggard (Director) $0 $0 $0
Robert C Brown (Director) $0 $0 $0
Bill Pierce (Director) $0 $0 $0
Charlotte Armstrong (Director) $0 $0 $0
Ray Smith (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,083,460
Expenses
$1,020,001
Net Income
$63,459
Net Assets
$372,869
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,078,454
99.5%
Investment Income $6
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,000
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $372,869
Total Liabilities $0
Net Assets $372,869
Compensation
Key Employees and Officers Compensation Related Other
Ricky Thaggard (President) $0 $0 $0
Gwen Coie (Secretary) $0 $0 $0
Keith Deaville (Director) $0 $0 $0
Greg Thaggard (Director) $0 $0 $0
Robert C Brown (Director) $0 $0 $0
Bill Pierce (Director) $0 $0 $0
Charlotte Armstrong (Director) $0 $0 $0
Ray Smith (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$823,136
Expenses
$726,227
Net Income
$96,909
Net Assets
$309,410
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $812,136
98.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,000
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $309,410
Total Liabilities $0
Net Assets $309,410
Compensation
Key Employees and Officers Compensation Related Other
Ricky Thaggard (President) $0 $0 $0
Gwen Coie (Secretary) $0 $0 $0
Ray Smith (Director) $0 $0 $0
Robert C Brown (Director) $0 $0 $0
Bill Pierce (Director) $0 $0 $0
Keith Deaville (Director) $0 $0 $0
Greg Thaggard (Director) $0 $0 $0
Allen Crouch (Director) $0 $0 $0
Tim May (Director) $0 $0 $0
Charlotte Armstrong (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$807,115
Expenses
$732,903
Net Income
$74,212
Net Assets
$212,501
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $742,720
92.0%
Investment Income $274
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $64,121
7.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $212,501
Total Liabilities $0
Net Assets $212,501
Compensation
Key Employees and Officers Compensation Related Other
Ricky Thaggard (President) $0 $0 $0
Gwen Cole (Secretary) $0 $0 $0
Ray Smith (Director) $0 $0 $0
Robert C Brown (Director) $0 $0 $0
Bill Pierce (Director) $0 $0 $0
Keith Deaville (Director) $0 $0 $0
Greg Thaggard (Director) $0 $0 $0
Allen Crouch (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$749,599
Expenses
$704,832
Net Income
$44,767
Net Assets
$138,289
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $749,555
100.0%
Investment Income $44
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $138,289
Total Liabilities $0
Net Assets $138,289

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$633,124
Expenses
$660,649
Net Income
-$27,525
Net Assets
$79,334
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $633,079
100.0%
Investment Income $45
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $79,334
Total Liabilities $0
Net Assets $79,334

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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