$3.6M in expenses

Distributions to qualified 501(c)(3) organizations and governmental organizations - these donations are used by the receiving organizations to further their exempt purpose. Distributions shall be disbursed according to the instructions or limitations contained in the gift or in the will of the testator. These purposes are defined in reg. 1.501(c)(3) - 1(d).

$14K in expenses

Scholarships - under article IV of articles, the purpose of the organization is to receive, administer, invest, and dispense funds for "educational and other purposes as defined in reg. 1.501(c)(3) - 1(d).

$3K in expenses

Scholarships - tom osborne scholarships: under agreement, the purpose of the organization is to receive, administer, invest, and dispense funds for "educational and other purposes as defined in reg. 1.501(c)(3) - 1(d).

— in expenses

Funds used to reimburse saddle up club leaders since the foundation acts as the fiscal sponsor for the organization. Activity designed to further community fellowship.