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North Carolina · Nonprofit

SOUTHEASTERN REINING HORSE ASSOC

SOUTHEASTERN REINING HORSE ASSOC (North Carolina) receives grants from 2 organizations whose IRS filings report $10,120 to it, the largest being MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC ($10,000). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$1.3M
Funders on record
2
Grants received
$10k
Net assets
$230k
1/2 repeat funderspeak grant-dependency 0%
01What it does

What Southeastern Reining Horse Assoc does

Mission

Southeastern Reining Horse Association (serha)is an organization that promotes and educates people about the sport of reining by hosting shows, clinics, and a year-end awards banquet in the southeastern united states. We are an affiliate of the nrha.

As stated on its FY2025 Form 990.

Program

  1. Expenses incurred in promoting, and education by hosting, shows and clinics.

    $1,194,177 spent$1,251,351 earned by the program
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $1,194,177.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($113k) Expenses 100 ($118k) Net assets 100 ($21k)2018 Revenue 160 ($182k) Expenses 150 ($177k) Net assets 121 ($26k)2019 Revenue 169 ($191k) Expenses 151 ($178k) Net assets 183 ($39k)2020 Revenue 197 ($223k) Expenses 171 ($202k) Net assets 283 ($61k)2021 Revenue 251 ($284k) Expenses 214 ($252k) Net assets 433 ($93k)2022 Revenue 368 ($417k) Expenses 363 ($428k) Net assets 382 ($82k)2023 Revenue 372 ($421k) Expenses 339 ($400k) Net assets 481 ($103k)2024 Revenue 998 ($1.1M) Expenses 909 ($1.1M) Net assets 764 ($164k)2025 Revenue 1125 ($1.3M) Expenses 1025 ($1.2M) Net assets 1072 ($230k)
'17'18'19'20'21'22'23'24'25
Revenue (1125)Expenses (1025)Net assets (1072)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $164k to $239k (+46%).

$21k
$26k
$39k
$61k
$93k
$83k
$103k
$164k
$239k
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2018 1% · 2019 0% · 2020 2% · 2021 1% · 2022 1% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.

1% of SOUTHEASTERN REINING HORSE ASSOC’s revenue is contributions — about as donation-reliant as the typical peer (13% for the typical peer).

This organization
Typical peer · 2,893 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

−$5k
’17
$5k
’18
$13k
’19
$21k
’20
$32k
’21
−$11k
’22
$21k
’23
$61k
’24
$66k
’25
2.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24'25
Listed4136444444
Joined·+9+1+1+3+3+0+1+1
No longer listed·08333011
03Who funds it

Who funds it, year by year

2020 → 2023: the base held at 1 funder, grant income rose $17 → $29.

Funder
'20
'21
'22
'23
'24*
total
funders
1
1
1
1
1

2 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of SOUTHEASTERN REINING HORSE ASSOC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

SOUTHEASTERN REINING HORSE ASSOC leans on a few funders — its largest provides 99% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SOUTHEASTERN REINING HORSE ASSOC.

99%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2020 100% · 2021 100% · 2022 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of SOUTHEASTERN REINING HORSE ASSOC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.

Funder states come from each funder’s own filing. $10k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

SOUTHEASTERN REINING HORSE ASSOC has grown faster than three-quarters of the 1,623 recreation & sports nonprofits its size.

Operating margin5% · above the median
Months of reserve2.4mo · below the median
Revenue growth (annualized)35% · top quartile

this organization peer median middle 50% of peers· 1,623 recreation & sports nonprofits $1M–$10M, FY2025

Organizations like SOUTHEASTERN REINING HORSE ASSOC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In North Carolina

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

99% of spending goes to programs.

Program 99%Management 1%Fundraising 0%

Governance

4
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990–Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for SOUTHEASTERN REINING HORSE ASSOC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SOUTHEASTERN REINING HORSE ASSOC?
SOUTHEASTERN REINING HORSE ASSOC (North Carolina) receives grants from 2 organizations whose IRS filings report $10,120 to it, the largest being MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC ($10,000). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does SOUTHEASTERN REINING HORSE ASSOC have?
IRS filings report 2 organizations giving $10,120 in grants to SOUTHEASTERN REINING HORSE ASSOC, 1 of which have funded it in more than one year.
Who is the largest funder of SOUTHEASTERN REINING HORSE ASSOC?
MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC is the largest funder on record, with $10,000 in grants. The full list of funders is on this page.
How can an organization like SOUTHEASTERN REINING HORSE ASSOC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Southeastern Reining Horse Assoc →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing