Overview
What is Arabian Breeders Sweepstakes Trust?
The Arabian Breeders Sweepstakes Trust is a nonprofit organization situated at 10805 E Bethany Drive, Aurora, Colorado, 80014. It was established to support and encourage the breeding, exhibition, use, and perpetuation of Arabian, Half-Arabian, and Anglo-Arabian horses. The organization operates a sweepstakes program, where participants can enter various equine competitive events and show ring activities to win prize money. The entry fees are used solely for prize money paybacks, with the interest earned on the principal supporting the association's activities.
Is Arabian Breeders Sweepstakes Trust legitimate?
Arabian Breeders Sweepstakes Trust is a legitimate nonprofit organization registered as a 501(c)(5) entity. Arabian Breeders Sweepstakes Trust 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 Arabian Breeders Sweepstakes Trust?
The Arabian Breeders Sweepstakes Trust was founded with the objective of assisting and encouraging the breeding, exhibition, use, and preservation of Arabian, Half-Arabian, and Anglo-Arabian horses. The organization administers a program called Sweepstakes to promote these horse breeds and expand its financial resources. Participants can compete in various horse shows and equestrian sports to win prize money. The entry fees are exclusively utilized for prize money payouts, while the interest earned on this principal funds the association's activities.
Who is the CEO of Arabian Breeders Sweepstakes Trust?
Robert S Morey is the Chair of Arabian Breeders Sweepstakes Trust.
What is the revenue of Arabian Breeders Sweepstakes Trust?
Arabian Breeders Sweepstakes Trust's revenue in 2022 was $858,297.
Who are the executives of Arabian Breeders Sweepstakes Trust and what are their salaries?
There 8 volunteers at Arabian Breeders Sweepstakes Trust.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Arabian Breeders Sweepstakes Trust?
Arabian Breeders Sweepstakes Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Arabian Breeders Sweepstakes Trust
The Arabian Breeders Sweepstakes Trust is a nonprofit organization with a mission to foster the breeding, exhibiting, using, and preservation of Arabian, Half-Arabian, and Anglo-Arabian horses. Established with this purpose, the Trust seeks to encourage the growth and development of these horse breeds.
One of the ways Arabian Breeders Sweepstakes Trust supports its mission is through a program called Sweepstakes. This initiative aims to promote Arabian, Half-Arabian, and Anglo-Arabian horses and broaden the organization's income base. Participants in the Sweepstakes can enter various show ring events and other equine competitive sports to win prize money. The entry fees are utilized solely for prize money paybacks, with the interest earned on this principal funding the activities of the Association.
In essence, the Arabian Breeders Sweepstakes Trust serves as a platform for horse enthusiasts to engage in competitive events and support the breeding and perpetuation of Arabian, Half-Arabian, and Anglo-Arabian horses. By offering opportunities for participation in various competitions and providing financial rewards, the Trust encourages a vibrant and active community centered around these breeds.
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Impact
October, 2024
The Arabian Breeders Sweepstakes Trust significantly impacts the Arabian horse community by promoting the breeding, exhibiting, and overall welfare of Arabian, Half-Arabian, and Anglo-Arabian horses. Through its sweepstakes program, it incentivizes breeders and exhibitors to participate in various equine competitive events by offering prize money, thereby stimulating engagement within the community.
The financial structure of the program ensures that the entry fees collected are directly reinvested into prize money allocations, effectively enhancing the competitive landscape. As a result, participants are not only motivated to showcase their horses but also to improve the quality of breeding and training practices. This creates a cycle of improvement and interest that benefits the entire Arabian horse breed while also broadening the association’s income base.
By supporting these activities, the Trust actively contributes to the preservation and promotion of Arabian horses, ensuring that their lineage and unique characteristics are maintained for future generations.
This information is meant to be a general summary of Arabian Breeders Sweepstakes Trust. 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.
- Program Service Revenue: $858,297
- Gross Receipts: $858,297
Assets and Liabilities:
- Total Assets: $9,308,288
- Total Liabilities: $302,352
- Net Assets: $9,005,936
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENTRIES
Revenue
$858,297
Organization Details
Founding Year
2010
Phone
(303) 696-4500Principal Officer
Robert S Morey
Main Address
10805 E BETHANY DRIVE, AURORA, CO, 80014
NTEE Category
Code: D60 - Animals
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