Overview
What is National Thoroughbred Racing Association Inc?
The National Thoroughbred Racing Association Inc, based in Lexington, Kentucky, is a membership association with a mission to elevate the popularity, well-being, and integrity of thoroughbred breeding and racing. Their principal focus is on advocating for federal legislation that positively impacts the thoroughbred industry, particularly in areas related to racing, breeding, and pari-mutuel wagering. Notably, they've successfully advocated for the legalization of online pari-mutuel wagering and changes to the tax code, improving regulations regarding the reporting and withholding of winnings. The organization continues to advocate for favorable tax reform to stimulate investment in thoroughbred bloodstock. With a small workforce of 11 individuals, the National Thoroughbred Racing Association Inc plays a significant role in shaping the future of thoroughbred racing.
Official website here: www.ntra.com
Is National Thoroughbred Racing Association Inc legitimate?
National Thoroughbred Racing Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Thoroughbred Racing Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $834,289
Professional Fundraising Fees: $0
Other Salaries and Wages: $955,067
For more financial information, click here
Official website here: www.ntra.com
What is the mission statement of National Thoroughbred Racing Association Inc?
The National Thoroughbred Racing Association Inc. serves as a broadly defined membership association, dedicated to enhancing the popularity, welfare, and integrity of thoroughbred breeding and racing. Its mission involves working towards increasing the appeal of thoroughbred racing, promoting the well-being of horses, and ensuring the industry's integrity. The organization's federal legislative advocacy team addresses issues that significantly impact participants in the thoroughbred industry, including racing, breeding, and pari-mutuel wagering. They have played a key role in passing legislation to legalize online pari-mutuel wagering and securing changes to the tax code related to thoroughbred bloodstock, among other accomplishments.
Official website here: www.ntra.com
Who is the CEO of National Thoroughbred Racing Association Inc?
Thomas Rooney is the CEO of National Thoroughbred Racing Association Inc The CEO's salary of National Thoroughbred Racing Association Inc is $382,578 and their total compensation is $398,259.
Official website here: www.ntra.com
What is the revenue of National Thoroughbred Racing Association Inc?
National Thoroughbred Racing Association Inc's revenue in 2024 was $9,207,699.
Official website here: www.ntra.com
Who are the executives of National Thoroughbred Racing Association Inc and what are their salaries?
The average compensation at National Thoroughbred Racing Association Inc during 2024 was $127,811. There are 14 employees and 15 volunteers at National Thoroughbred Racing Association Inc.
Here are 24 key members and their salaries (National Thoroughbred Racing Association Inc's CEO's salary is $382,578 and their total compensation is $398,259):
- Compensation: $382,578
- Related: $0
- Other: $15,681
- Compensation: $297,764
- Related: $0
- Other: $12,880
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $121,367
- Related: $0
- Other: $4,019
- Compensation: $0
- Related: $175,850
- Other: $7,033
- Compensation: $187,458
- Related: $0
- Other: $5,767
- Compensation: $0
- Related: $174,329
- Other: $4,627
- Compensation: $131,887
- Related: $0
- Other: $6,837
- Compensation: $112,733
- Related: $0
- Other: $3,600
- Compensation: $0
- Related: $125,328
- Other: $7,384
Official website here: www.ntra.com
Where can I find the form 990 for National Thoroughbred Racing Association Inc?
National Thoroughbred Racing Association Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ntra.com
Learn more at the official website: www.ntra.com
Mission Statement of National Thoroughbred Racing Association Inc
The National Thoroughbred Racing Association Inc, serving as a broadly defined membership association, is dedicated to enhancing the popularity, welfare, and integrity of thoroughbred breeding and racing. Its mission is centered around advocating for policies and regulations that positively impact participants in the thoroughbred industry, spanning activities related to racing, breeding, and pari-mutuel wagering.
The Association's Federal Legislative Advocacy Team plays a pivotal role in this mission. They focus on addressing issues that have a significant impact on the thoroughbred industry and its stakeholders. The team has successfully secured the passage of legislation, such as the Interstate Horseracing Act, which legalized online pari-mutuel wagering. Furthermore, they have advocated for changes in the tax code, modernizing IRS regulations concerning the reporting and withholding of pari-mutuel winnings. The team continues to work towards securing favorable tax reform aimed at stimulating investment in thoroughbred bloodstock.
In addition to these efforts, the Association's legislative targets include immigration and sports betting. By advocating for policies that support the thoroughbred industry, the National Thoroughbred Racing Association Inc aims to ensure the continued growth and success of thoroughbred breeding and racing.
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Impact
October, 2024
National Thoroughbred Racing Association Inc (NTRA) significantly impacts the thoroughbred industry by advocating for policies that enhance the popularity, welfare, and integrity of thoroughbred breeding and racing. With a focus on legislative efforts, the NTRA's advocacy team engages with federal and state lawmakers on issues that directly affect industry participants, including racing, breeding, and pari-mutuel wagering.
One notable achievement of the NTRA has been its successful push for the legalization of online pari-mutuel wagering under the Interstate Horseracing Act, expanding access and modernizing betting practices. Additionally, the organization has worked tirelessly for over a decade to reform the tax code, resulting in the modernization of IRS regulations around the reporting and withholding of pari-mutuel winnings. This has not only made the industry more accessible but has also promoted investment in thoroughbred bloodstock.
Furthermore, the NTRA continues to address pressing federal legislative issues such as immigration and sports betting, ensuring that the interests of the thoroughbred community are well-represented. By fostering a more favorable business environment, the NTRA plays a crucial role in sustaining and enhancing the thoroughbred racing industry's overall health and vibrancy.
This information is meant to be a general summary of National Thoroughbred Racing Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $494,974
- Program Service Revenue: $6,249,838
- Gross Receipts: $10,566,072
Assets and Liabilities:
- Total Assets: $16,910,608
- Total Liabilities: $2,357,418
- Net Assets: $14,553,190
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NATIONAL PROGRAMS
Revenue
$6,249,838
Organization Details
Founding Year
1998
Principal Officer
Keith Chamblin
Website
www.ntra.comNTEE Category
Code: N80 - Recreation
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