Overview
What is Iowa Harness Racing Association?
The Iowa Harness Racing Association, situated in Eagle Grove, is a dedicated nonprofit organization that plays a significant role in fostering harness horse racing within Iowa. Their primary objectives include supporting and promoting this unique sport by organizing 35 annual race meets. In addition to this, they extend their support to aspiring students through the provision of college scholarships. The association's mission is deeply rooted in the love for harness racing and a commitment to nurturing future generations of enthusiasts.
Is Iowa Harness Racing Association legitimate?
Iowa Harness Racing Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. Iowa Harness Racing Association 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: $3,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Iowa Harness Racing Association?
The Iowa Harness Racing Association's mission is centered around supporting and advancing harness horse racing within Iowa. They accomplish this by organizing and sponsoring a total of 35 racing meets annually. Furthermore, the association demonstrates its commitment to the future of the sport by offering college scholarships to eligible students. In essence, the Iowa Harness Racing Association serves as a driving force in fostering an interest and participation in harness horse racing within the state, while also investing in the education of its future enthusiasts.
Who is the CEO of Iowa Harness Racing Association?
John Terry is the President of Iowa Harness Racing Association.
What is the revenue of Iowa Harness Racing Association?
Iowa Harness Racing Association's revenue in 2022 was $2,050,777.
Who are the executives of Iowa Harness Racing Association and what are their salaries?
There 10 volunteers at Iowa Harness Racing Association.
Here are 5 key members and their salaries:
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $3,300
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Iowa Harness Racing Association?
Iowa Harness Racing Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Iowa Harness Racing Association
The Iowa Harness Racing Association, a distinguished entity, is dedicated to championing and fostering the growth of harness horse racing within the state of Iowa. Its mission is multifaceted, encompassing both the sponsorship of numerous harness horse race meets and the provision of educational opportunities for aspiring students. By organizing 35 race meets annually, the association ensures a vibrant and engaging racing environment for harness horse enthusiasts, while also offering scholarships to deserving students. By investing in the future of Iowa's youth, the Iowa Harness Racing Association underscores its commitment to nurturing the next generation of harness horse racing supporters and professionals.
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Impact
October, 2024
The Iowa Harness Racing Association plays a significant role in supporting and promoting harness horse racing in Iowa. By sponsoring 35 harness horse race meets annually, the association contributes to the vibrant culture of racing in the state, attracting participants and spectators alike. This activity not only enhances the local economy by generating revenue through tourism and related businesses but also fosters community engagement and excitement around the sport.
In addition to promoting harness racing, the association invests in the future by providing college scholarships for students. This commitment to education helps cultivate a knowledgeable generation, ensuring the continued growth and sustainability of the industry. Overall, the Iowa Harness Racing Association's efforts strengthen the social and economic fabric of the communities they serve, making a lasting impact on both the sport and the people involved.
This information is meant to be a general summary of Iowa Harness Racing Association. 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: $8,796
- Program Service Revenue: $2,041,981
- Gross Receipts: $2,050,777
Assets and Liabilities:
- Total Assets: $844,618
- Total Liabilities: $0
- Net Assets: $844,618
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HORSE RACING
Revenue
$2,041,981
Organization Details
Founding Year
2008
Phone
(515) 571-4516Principal Officer
John Terry
Main Address
501 S BLAINE, EAGLE GROVE, IA, 50533
NTEE Category
Code: N70 - Recreation
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