Overview
What is Ohio Colt Racing Association?
The Ohio Colt Racing Association is a nonprofit organization dedicated to fostering agricultural promotion. They achieve this objective by organizing harness racing events as their primary method. By collecting nomination fees from horse owners, the association generates funds, ensuring that 100% of these fees are allocated as prize money for Colt stake races at county fairs. This practice not only supports the harness racing industry but also contributes to the promotion of agricultural products. By directly channeling funds to county fairs, the Ohio Colt Racing Association plays a significant role in augmenting agricultural exposure and engagement.
Official website here: www.ohiocoltracing.com
Is Ohio Colt Racing Association legitimate?
Ohio Colt Racing Association is a legitimate nonprofit organization registered as a 501(c)(5) entity. Ohio Colt 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ohiocoltracing.com
What is the mission statement of Ohio Colt Racing Association?
The Ohio Colt Racing Association's mission is centered around promoting agriculture products. It achieves this objective by organizing harness racing events. The association collects nomination fees from horse owners and utilizes the entire amount as prize money for Colt stake races at county fairs. By doing so, it contributes to the promotion of agriculture products and racing events simultaneously. The association's activities aim to strengthen the connection between agriculture and racing, thereby fostering a broader understanding and appreciation for both sectors.
Official website here: www.ohiocoltracing.com
Who is the CEO of Ohio Colt Racing Association?
Lisa M Schwartz is the Treasurer / Secretary of Ohio Colt Racing Association.
Official website here: www.ohiocoltracing.com
What is the revenue of Ohio Colt Racing Association?
Ohio Colt Racing Association's revenue in 2022 was $446,928.
Official website here: www.ohiocoltracing.com
Who are the executives of Ohio Colt Racing Association and what are their salaries?
There 2 volunteers at Ohio Colt Racing Association.
Here are 3 key members and their salaries:
- Compensation: $14,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ohiocoltracing.com
Where can I find the form 990 for Ohio Colt Racing Association?
Ohio Colt Racing Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ohiocoltracing.com
Learn more at the official website: www.ohiocoltracing.com
Mission Statement of Ohio Colt Racing Association
The Ohio Colt Racing Association, a nonprofit organization, is dedicated to promoting products of agriculture. They achieve this goal by engaging in harness racing activities. The organization's primary mission is to contribute to the promotion of agricultural products by collecting nomination fees from horse owners. Interestingly, the association ensures that 100% of these fees are directed towards county fairs, serving as purse money for Colt stake races. This strategic approach allows the Ohio Colt Racing Association to support both the agricultural sector and the harness racing industry simultaneously. By doing so, the organization plays a significant role in fostering a connection between agriculture and entertainment, ultimately promoting the value of agricultural products.
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Impact
October, 2024
The Ohio Colt Racing Association plays a crucial role in promoting agricultural products through harness racing. By collecting nomination fees from horse owners, the association ensures that 100% of these funds are directed to county fairs, enhancing the purse money for Colt stake races. This financial support not only boosts local economies but also encourages community engagement in agricultural activities. The association's focus on harness racing helps to spotlight the connection between agriculture and recreational activities, fostering a deeper appreciation for both industries in the region. Through its initiatives, the Ohio Colt Racing Association strengthens the agricultural community and supports the tradition of horse racing in Ohio.
This information is meant to be a general summary of Ohio Colt 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: $72
- Program Service Revenue: $438,530
- Gross Receipts: $446,928
Assets and Liabilities:
- Total Assets: $83,460
- Total Liabilities: $0
- Net Assets: $83,460
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HORSE NOMINATION FEES & MEMBERSHIPS
Revenue
$438,530
Organization Details
Founding Year
1981
Phone
(614) 778-2480Principal Officer
Lisa M Schwartz
Main Address
PO BOX 505, Washington Court House, OH, 43160
Website
www.ohiocoltracing.comNTEE Category
Code: N60 - Recreation
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