Overview
What is California Thoroughbred Business League?
The California Thoroughbred Business League is a nonprofit organization, specifically located in Pleasanton, California. Its primary mission is to aid the California thoroughbred horse racing industry by managing a workers compensation program, as mandated by the California Business & Professions Code Section 19605.75(F). This program helps defray workers compensation costs for various industry participants, including horse owners, trainers, jockeys, and racing associations and fairs. The League collects and disburses funds for this purpose, contributing to the overall well-being and sustainability of the California thoroughbred horse racing sector.
Is California Thoroughbred Business League legitimate?
California Thoroughbred Business League is a legitimate nonprofit organization registered as a 501(c)(6) entity. California Thoroughbred Business League 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.
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What is the mission statement of California Thoroughbred Business League?
The California Thoroughbred Business League, as mandated by California Business & Professions Code Section 19605.75(F), is an organization with a mission to aid the California thoroughbred horse racing industry. It accomplishes this by collecting and distributing funds to help cover workers' compensation costs for horse owners, trainers, jockeys, and racing associations and fairs. This assistance aims to alleviate the financial burden associated with workers' compensation insurance, as outlined in California Business & Professions Code Section 19605.75. The league's activities primarily revolve around managing payments for workers' compensation insurance within the California thoroughbred horse racing industry.
Who is the CEO of California Thoroughbred Business League?
William A Nader is the Chair of California Thoroughbred Business League.
What is the revenue of California Thoroughbred Business League?
California Thoroughbred Business League's revenue in 2022 was $6,344,880.
Who are the executives of California Thoroughbred Business League and what are their salaries?
There 10 volunteers at California Thoroughbred Business League.
Here are 10 key members and their salaries:
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Where can I find the form 990 for California Thoroughbred Business League?
California Thoroughbred Business League's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of California Thoroughbred Business League
The California Thoroughbred Business League, a vital organization in the horse racing industry, is mandated by California Business & Professions Code Section 19605.75(F) to assist its sector. The League collects and disseminates funds to help defray workers' compensation costs for horse owners, trainers, jockeys, racing associations, and fairs within the California thoroughbred horse racing industry. By doing so, the California Thoroughbred Business League plays a significant role in supporting the financial well-being of the industry's workforce, enabling them to continue their passion for the sport. The League's mission is instrumental in ensuring the sustainability and success of the California thoroughbred horse racing industry.
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Impact
October, 2024
The California Thoroughbred Business League plays a crucial role in supporting the California thoroughbred horse racing industry by facilitating a workers' compensation program. By collecting and distributing funds, it helps to defray the costs of workers' compensation insurance for horse owners, trainers, jockeys, and racing associations. This assistance is vital, as it ensures that all stakeholders in the horse racing ecosystem can manage their insurance obligations more effectively, ultimately contributing to the sustainability and health of the industry. By alleviating financial burdens associated with workers' compensation, the league helps to maintain the operational viability of various participants in the horse racing community, fostering a more stable and thriving environment for everyone involved.
This information is meant to be a general summary of California Thoroughbred Business League. 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 2022.
- Investment Income: $8,600
- Program Service Revenue: $6,336,280
- Gross Receipts: $8,117,880
Assets and Liabilities:
- Total Assets: $5,796,154
- Total Liabilities: $24,496
- Net Assets: $5,771,658
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CALIFORNIA B&P CODE SEC 19605
Revenue
$6,336,280
Organization Details
Founding Year
2004
Phone
(925) 307-7029Principal Officer
William A Nader
Main Address
PO BOX 1509, PLEASANTON, CA, 94566
NTEE Category
Code: S41 - Community improvement
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