Indiana Horsemen's Benevolent & Protective Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311390231 ✦ Fairland, IN ✦ Designated as a 501(c)(6)

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Overview

What is Indiana Horsemen's Benevolent & Protective Association Inc?

Indiana Horsemen's Benevolent & Protective Association Inc, with its headquarters in Fairland, Indiana, is a nonprofit organization dedicated to fostering the horse racing industry in the state. With over 1,700 members in 2022, the association played a significant role in negotiating and executing contracts for the 2022 racing season with the local tracks. It also secured approval from the Indiana Horse Racing Commission to serve as a registered horsemen's association, managing funds on behalf of Indiana thoroughbred horsemen. The association's mission is to promote, develop, and enhance the horse racing industry in Indiana, as encapsulated in their motto, "We are horsemen helping horsemen." With a workforce of 7 employees, the organization actively works towards achieving its objectives.


Official website here: www.inhbpa.org

Is Indiana Horsemen's Benevolent & Protective Association Inc legitimate?

Indiana Horsemen's Benevolent & Protective Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Indiana Horsemen's Benevolent & Protective 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: $203,487
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,170

For more financial information, click here


Official website here: www.inhbpa.org

What is the mission statement of Indiana Horsemen's Benevolent & Protective Association Inc?

The Indiana Horsemen's Benevolent & Protective Association Inc has a mission to promote, develop, and enhance the horse racing industry. Their motto is "We are horsemen helping horsemen," reflecting their commitment to supporting fellow horsemen. In 2022, the association had 1700 members and played a significant role in the local racing scene by negotiating contracts for the racing season, receiving approval to manage funds on behalf of thoroughbred horsemen, and advocating for the common business interests of horsemen in Indiana.


Official website here: www.inhbpa.org

Who is the CEO of Indiana Horsemen's Benevolent & Protective Association Inc?

Brian J Elmore is the President of Indiana Horsemen's Benevolent & Protective Association Inc.


Official website here: www.inhbpa.org

What is the revenue of Indiana Horsemen's Benevolent & Protective Association Inc?

Indiana Horsemen's Benevolent & Protective Association Inc's revenue in 2022 was $1,637,366.


Official website here: www.inhbpa.org

Who are the executives of Indiana Horsemen's Benevolent & Protective Association Inc and what are their salaries?

The average compensation at Indiana Horsemen's Benevolent & Protective Association Inc during 2022 was $41,380. There are 7 employees and 11 volunteers at Indiana Horsemen's Benevolent & Protective Association Inc.


Here are 13 key members and their salaries:


Joe Davis (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn Kunz-Duran (1St Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Lauer (2Nd Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Mckay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Penny Lauer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Klopp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Walsh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Antonio Duran (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Gastel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Holden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Mullins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian J Elmore (Executive Di)
  • Compensation: $128,670
  • Related: $0
  • Other: $0
Lisa E Stephens (Benevolence)
  • Compensation: $74,817
  • Related: $0
  • Other: $0


Official website here: www.inhbpa.org

Where can I find the form 990 for Indiana Horsemen's Benevolent & Protective Association Inc?

Indiana Horsemen's Benevolent & Protective Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.inhbpa.org

Learn more at the official website: www.inhbpa.org

Mission Statement of Indiana Horsemen's Benevolent & Protective Association Inc

Indiana Horsemen's Benevolent & Protective Association Inc, often referred to as "We Are Horsemen Helping Horsemen," is dedicated to advancing and enhancing the horse racing industry in Indiana. Their mission is twofold: firstly, they aim to promote the industry, fostering its growth and development; secondly, they strive to improve the industry, ensuring it thrives and meets the needs of its stakeholders effectively. The association's motto encapsulates their commitment to their fellow horsemen, emphasizing their role as a supportive community within the industry. In 2022, they had 1700 members, demonstrating their wide-reaching influence and dedication to the horse racing community in Indiana. They negotiated and executed contracts for the racing season with various tracks, further solidifying their role in promoting the common business interests of Indiana thoroughbred horsemen.

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Impact




October, 2024

The Indiana Horsemen's Benevolent & Protective Association Inc plays a vital role in enhancing the horse racing industry in Indiana. With a membership of 1,700 in 2022, the organization has become a key advocate for the interests of thoroughbred horsemen in the region. By negotiating and executing contracts for the racing season with Indiana tracks, the association ensures fair opportunities and financial support for horsemen.

Furthermore, the Indiana Horsemen's Benevolent & Protective Association Inc has received official recognition from the Indiana Horse Racing Commission as a registered horsemen’s association. This designation allows them to manage and distribute funds on behalf of Indiana thoroughbred horsemen, significantly contributing to the economic vitality of the industry.

Through its mission to promote, develop, and improve horse racing, the association not only supports its members but also fosters community improvement and engagement within the equine industry. Its motto, "We are horsemen helping horsemen," encapsulates the collaborative spirit and dedication to mutual support that underpins their efforts. Overall, the association's impact is felt across the state, as it works tirelessly to elevate the horse racing landscape in Indiana.




This information is meant to be a general summary of Indiana Horsemen's Benevolent & Protective 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.

Revenue
$1,637,366 (2022)
Expenses
$1,369,220 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $392
  • Program Service Revenue: $1,571,974
  • Gross Receipts: $1,637,366

Assets and Liabilities:

  • Total Assets: $1,343,101
  • Total Liabilities: $24,829
  • Net Assets: $1,318,272

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

REVENUE PURSUANT TO IC 4-35-7

Revenue

$1,341,420

TRACK FEES

Revenue

$156,114

MEMBER DUES

Revenue

$74,440

Organization Details

Founding Year

1997

Principal Officer

Brian J Elmore

Main Address

PO BOX 228, FAIRLAND, IN, 46126

NTEE Category

Code: S01 - Community improvement

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