2023-01-30T11:04:00-07:00 2022-08-31 271468949 Dale L Guebert CPA 140 W Market Red Bud IL 62278 990 2021-09-01 310843232 THE TRAPSHOOTING HALL OF FAME INC TRAP 6184432395 1105 E BROADWAY ST P O BOX 519 SPARTA IL 62286 Michael Howell Controller 6184492224 2022-12-19 1 Dale Guebert P00834285 6182828300 2022-12-19 X 1 11 0 AAL2 2021 2023-03-07 01:45:13Z Michael Howell 1105 E Broadway St P O Box 519 Sparta IL 62286 135712 0 X TRAPHOF.ORG X 1973 DE THE PURPOSE FOR WHICH SAID CORPORATON IS FORMED ARE TO PRESERVE, FOSTER AND PROMOTE THE SHOOTING ARTS: TO PROVIDE RECOGNITION TO THOSE OUTSTANDING IN THE SHOOTING ARTS, ESPECIALLY TRAPSHOOTING: TO SPONSOR, CONDUCT AND PROMOTE EDUCATIONAL PROGRAMS DESIGNED TO TEACH AND PROMOTE THE SHOOTING ARTS: TO FOSTER AND PROMOTE THE CONSERVATION OF THE NATURAL RESOURCES AND ANIMAL LIFE OF THE UNITED STATES: AND TO PROMOTE SAFETY IN THE PROPER USE OF FIREARMS. 7 7 4 8 0 0 70495 76830 31603 26388 23385 15261 11111 17233 136594 135712 28500 26625 0 0 21267 23364 0 0 5897 173202 142010 222969 191999 -86375 -56287 2313319 2204653 2095 4211 2311224 2200442 THE PURPOSE FOR WHICH SAID CORPORATION IS FORMED ARE TO PRESERVE, FOSTER AND PROMOTE THE SHOOTING ARTS: TO PROVIDE RECOGNITION TO THOSE OUTSTANDING IN THE SHOOTING ARTS ESPECIALLY TRAPSHOOTING: TO SPONSOR, CONDUCT AND PROMOTE EDUCATIONAL PROGRAMS DESIGNED TO TEACH AND PROMOTE THE SHOOTING ARTS: TO FOSTER AND PROMOTE THE CONSERVATON OF THE NATURAL RESOURCES AND ANIMAL LIFE OF THE UNITED STATES: AND TO PROMOTE SAFETY IN THE PROPER USE OF FIREARMS. 0 0 26625 0 0 YOUTH PROGRAMS - 20 SCHOLARSHIPS AWARDED TO YOUTH INTERESTED IN TRAPSHOOTING. ONE SCHOLARSHIP TO NE CORNHUSGERS YOUTH EVENT/PROGRAM. 13016 0 0 TOURNAMENT OPTIONS - OPTIONS HELD AT 49 SHOOTS ANNUALLY, WHERE THE WINNER AND THE HALL OF FAME SPLIT THE PROCEEDS. THOUSANDS PARTICIPATED DURING THE YEAR. 15539 0 0 INDUCTEE PROGRAM - INDUCTION OF THREE TO FIVE TRAPSHOOTERS ANNUALLY TO THE TRAPSHOOTING HALL OF FAME. A PICTURE OF THE INDUCTEES IS DISPLAYED AT THE HALL OF FAME. 104367 0 0 OTHER PROGRAM SERVICES-MUSEUM PROGRAMS AND GRAND AMERICAN AWARDS. 104367 0 0 159547 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 4 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X MICHAEL HOWELL 6184432395 1105 E BROADWAY ST P O BOX 519 SPARTA IL 62286 X JEFF WAGNER TRUSTEE 1 0 X 0 0 0 GERRY WILLIAMS TRUSTEE-TREASURER 1 0 X X 0 0 0 GARRY HILL TRUSTEE-SECRETARY 1 0 X X 0 0 0 JAMES BRADFORD JR TRUSTEE-CHAIRMAN 1 0 X X 0 0 0 BOB FELBER TRUSTEE 1 0 X 0 0 0 LYNN GIPSON TRUSTEE 1 0 X 0 0 0 BILL MARTIN TRUSTEE 1 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 76830 0 76830 TOURNAMENT OPTIONS 713990 26388 26388 0 0 0 0 0 0 26388 15261 0 0 15261 0 0 0 0 0 0 0 0 0 0 0 0 5770 0 0 5770 0 5770 OTHER 713990 543 543 0 0 GRAND AMERICAN BUFFET 713990 10920 10920 0 0 0 0 0 0 11463 135712 37851 0 21031 26625 26625 21688 15825 4263 1600 1676 1223 329 124 11427 0 11427 0 6927 2927 0 4000 638 466 125 47 120 87 24 9 11224 9998 1182 44 67068 60361 6707 0 12324 11058 1266 0 TOURNAMENT OPTIONS 13016 13016 0 0 AWARDS 2322 2322 0 0 OTHER 1205 0 1205 INDUCTEE PROGRAM 15602 15539 0 63 137 100 27 10 191999 159547 26555 5897 247363 101438 0 0 0 0 1979 1960 0 0 0 0 0 0 0 0 6146 5477 2258949 656599 1652518 1602350 0 400872 488781 0 0 0 0 4441 4647 2313319 2204653 2095 4211 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2095 4211 X 1735177 1583479 576047 616963 2311224 2200442 2313319 2204653 -56287 -54495 0 0 0 0 X 0 1 X 1 0 X 141220 151409 135314 70495 76830 575268 25046 24850 20195 31603 26388 128082 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 166266 176259 155509 102098 103218 703350 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 703350 19419 22790 14971 23385 15261 95826 0 0 0 0 0 0 19419 22790 14971 23385 15261 95826 0 0 0 0 0 0 0 0 0 0 0 0 185685 199049 170480 125483 118479 799176 0.88009 0.87822 0.11991 0.12178 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X 0 66315 0 184 0 0 0 66499 66028 0 287 0 0 0 66315 65821 0 207 0 0 0 66028 65631 0 190 0 0 0 65821 65479 0 152 0 0 0 65631 0 1 0 0 0 0 0 0 0 1926009 339521 1586488 0 0 0 0 0 327317 312430 14887 0 5623 4648 975 1602350 STOCK AND MUTUAL FUNDS 488781 F 488781 0 0 X 81217 -54495 0 0 0 -54495 135712 0 0 0 135712 191999 0 0 0 0 0 191999 0 0 0 191999 Schedule D, Part III, Line 1 COLLECTIONS-THE HALL OF FAME MUSEUM HAS ACQUIRED, THROUGH DONATIONS, VARIOUS FIREARMS, SHELLS, AND OTHER MEMORABILIA RELATING TO THE FIELD OF TRAPSHOOTING. IN CONFORMITY WITH THE PRACTICE FOLOWED BY MANY MUSEUMS, THE VALUE OF THESE ITEMS IS NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITION. IN ADDITION, THE VALUE OF THESE ITEMS IS NOT READILY DETERMINABLE AND CAN BE CONSIDERED INEXHAUSTIBLE ITEMS. COLLECTION ITEMS ARE CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITY VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. Schedule D, Part III, Line 4 THE HALL OF FAME MUSEUM HAS ACQUIRED, THROUGH DONATIONS, VARIOUS FIREARMS, SHELLS, AND OTHER MEMORABILIA RELATING TO THE FIELD OF TRAPSHOOTING. IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, THE VALUE OF THESE ITEMS IS NOT INCLUDED IN THE STATEMENTS OF FINANCIAL POSITION. IN ADDITION, THE VALUE OF THESE ITMES IS NOT READILY DETERMINABLE AND THEY CAN BE CONSIDERED INEXHAUSTIBLE ITEMS.COLLECTION ITEMS ARE CATALOGED, PRESERVED, AND CARED FOR AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. Schedule D, Part V, Line 4 TO PROMOTE EDUCATIONAL PROGRAMS AND SAFETY IN THE SHOOTING ARTS AND PROPER USE OF FIREARMS. Schedule D, Part X, Line 2 THE HALL OF FAME HAS ADOPTED ACCOUNTING RULES THAT PRESCRIBE WHEN TO RECOGNIZE HOW TO MEASURE THE FINANCIAL STATEMENT EFFECTS OF INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON ITS INCOME TAX RETURNS. THESE RULES REQUIRE MANAGEMENT TO EVALUATE THE LIKELIHOOD THAT UPON EXAMINATION BY RELEVANT TAXING JURISDICTIONS, THOSE INCOME TAX POSITIONS WOULD BE SUSTAINED BASED ON THAT EVALUATION. THE HALL OF FAME ONLY RECOGNIZES THE MAXIMUM BENEFIT OF EACH INCOME TAX POSITON THAT IS MORE THE 50% LIKELY OF BEING SUSTAINED. TO THE EXTENT THAT ALL OR A PORTION OF THE BENEFITS OF AN INCOME TAX POSTION ARE NOT RECOGNIZED, A LIABILITY WOULD BE RECOGNIZED FOR THE UNRECOGNIZED BENEFITS, ALONG WITH ANY PENALTIES THAT WOULD RESULT FROM DISALLOWANCE OF THE POSITOIN. SHOULD ANY SUCH PENALTIES AND INTEREST BE INCURRED, THEY WOULD BE RECOGNIZED AS OPERATING EXPENSES. BASED ON ITS REVIEW, MANAGEMENT DOES NOT BELIEVE THE HALL OF FAME HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS, INCLUDING ANY POSITON THAT WOULD PLACE THE HALL OF FAME'S EXEMPT STATUS IN JEOPARDY AS OF AUGUST 31, 2022.TtHE FEDERAL TAX RETURNS OF THE ORGANIZATION FOR 2020, 2021 AND 2022 ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. GENERALLY FOR THREE YEARS AFTER THE DUE DATE. 1 SCHOLARSHIPS YOUTH PROGRAMS 20 24125 0 FMV NE CORNHUSKERS YOUTH EVENT/PROGRAM 1 2500 0 FMV Schedule I, Part I, Line 2 GRADE POINT AVERAGE Form 990, Part VI, Section B, Line 11b THE CONTROLLER REVEIWS THE 990 FOR ACCURACY AND FORWARDS TO THE BOARD FOR THEIR REVEIW. Form 990, Part VI, Section B, Line 12c OFFICERS AND DIRECTORS DISCLOSE ANNUALLY ANY CONFLICT OF INTEREST. IF THERE ARE ANY COMPETITIVE BIDS, MONITORING IS CONDUCTED TO ENSURE SPECIAL INTEREST ARE NOT BEING REWARDED. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.