Overview
What is Quarter Horse Racing Association Of Indiana Inc?
The Quarter Horse Racing Association of Indiana Inc. is a nonprofit organization based in Shelbyville, Indiana, with approximately 322 members. Their primary mission is to foster the growth and advancement of Quarter Horse racing, breeding, and ownership within the state. To achieve this goal, they negotiate and execute contracts with Indiana racing tracks, organize events such as the annual Stallion Service Auction, and conduct related races like the Stallion Service Futurity and Derby. They also promote the common interests of the Indiana Quarter Horse industry. With a small team of one dedicated individual, the association successfully conducts these activities, contributing to the thriving Quarter Horse racing scene in Indiana.
Official website here: www.indianaquarterhorseracing.com
Is Quarter Horse Racing Association Of Indiana Inc legitimate?
Quarter Horse Racing Association Of Indiana Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Quarter Horse Racing Association Of Indiana 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: $39,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.indianaquarterhorseracing.com
What is the mission statement of Quarter Horse Racing Association Of Indiana Inc?
The Quarter Horse Racing Association of Indiana Inc's mission is centered around promoting the growth and advancement of Quarter Horse racing, breeding, and ownership within the industry. Their activities include negotiating contracts, executing agreements, and conducting annual events such as the Stallion Service Auction and related races to support the common interests of the Indiana Quarter Horse industry.
Official website here: www.indianaquarterhorseracing.com
Who is the CEO of Quarter Horse Racing Association Of Indiana Inc?
Teresa Myers is the Executive Director of Quarter Horse Racing Association Of Indiana Inc.
Official website here: www.indianaquarterhorseracing.com
What is the revenue of Quarter Horse Racing Association Of Indiana Inc?
Quarter Horse Racing Association Of Indiana Inc's revenue in 2022 was $1,361,553.
Official website here: www.indianaquarterhorseracing.com
Who are the executives of Quarter Horse Racing Association Of Indiana Inc and what are their salaries?
The average compensation at Quarter Horse Racing Association Of Indiana Inc during 2022 was $39,800. There is 1 employee at Quarter Horse Racing Association Of Indiana Inc.
Here are 14 key members and their salaries:
- Compensation: $39,800
- Related: $0
- Other: $0
- Compensation: $8,600
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- Other: $0
- Compensation: $3,500
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- Other: $0
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- Other: $0
Official website here: www.indianaquarterhorseracing.com
Where can I find the form 990 for Quarter Horse Racing Association Of Indiana Inc?
Quarter Horse Racing Association Of Indiana Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indianaquarterhorseracing.com
Learn more at the official website: www.indianaquarterhorseracing.com
Mission Statement of Quarter Horse Racing Association Of Indiana Inc
The Quarter Horse Racing Association of Indiana Inc, for short, is dedicated to fostering the expansion and improvement of Quarter Horse racing, breeding, and ownership within the state. Their mission is centered around promoting the growth and advancement of this specific equine discipline, providing a platform for both enthusiasts and participants alike. The association works towards achieving this goal by negotiating contracts for racing seasons, organizing events such as the Annual Stallion Service Auction, and advocating for the common interests of the Indiana Quarter Horse industry. Their efforts aim to create a thriving and supportive environment for Quarter Horse racing, ensuring its continued prosperity and growth in the state.
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Impact
October, 2024
Quarter Horse Racing Association Of Indiana Inc significantly influences the local equine industry by promoting the growth and advancement of Quarter Horse racing, breeding, and ownership throughout Indiana. With approximately 322 members, the association fosters a strong community of enthusiasts and professionals dedicated to the sport.
In 2022, the association successfully negotiated contracts with Indiana racetracks, ensuring a vibrant racing season. It also held its annual Stallion Service Auction, which not only contributes to the breeding industry but also culminates in related futurity and derby races, enhancing the competitive landscape for Quarter Horses in the state. Furthermore, the association works tirelessly to promote the common business interests of the Indiana Quarter Horse community, leading to increased economic activity within the region.
Through these efforts, the Quarter Horse Racing Association creates a positive impact on community improvement, not only elevating the profile of Quarter Horse racing but also supporting local economies and fostering a passionate community of horse owners and fans.
This information is meant to be a general summary of Quarter Horse Racing Association Of Indiana 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$14,507
- Program Service Revenue: $1,376,060
- Gross Receipts: $1,621,902
Assets and Liabilities:
- Total Assets: $902,906
- Total Liabilities: $652,173
- Net Assets: $250,733
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
IC 4-35-7-12 REVENUE
Revenue
$296,007
STAKES RACES
Revenue
$585,895
SPEED SALE
Revenue
$279,430
SSA ENTRY FEES
Revenue
$126,078
SSA STUD FEES
Revenue
$59,959
Organization Details
Founding Year
1966
Principal Officer
Teresa Myers
Main Address
PO BOX 399, SHELBYVILLE, IN, 46176
NTEE Category
Code: S46 - Community improvement
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