Overview
What is Indiana Thoroughbred Owners & Breeders Association Inc?
Indiana Thoroughbred Owners & Breeders Association Inc, based in Fairland, Indiana, is a nonprofit organization with a mission to promote the ownership, breeding, and racing of thoroughbred horses within the state. Their primary activity involves organizing a stallion season auction and offering breeding services, contributing to the thoroughbred industry in Indiana. With a small team of one dedicated individual, they strive to foster the growth and success of thoroughbred horses and their associated activities in the region.
Is Indiana Thoroughbred Owners & Breeders Association Inc legitimate?
Indiana Thoroughbred Owners & Breeders Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Indiana Thoroughbred Owners & Breeders 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: $30,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Indiana Thoroughbred Owners & Breeders Association Inc?
The Indiana Thoroughbred Owners & Breeders Association Inc is committed to promoting the ownership, breeding, and racing of thoroughbred horses. This non-profit organization actively works towards encouraging the utilization of stallion breeding services in Indiana. Their mission is centered around fostering the growth and success of thoroughbred horses and their related activities.
Who is the CEO of Indiana Thoroughbred Owners & Breeders Association Inc?
Amy Elliott is the President of Indiana Thoroughbred Owners & Breeders Association Inc.
What is the revenue of Indiana Thoroughbred Owners & Breeders Association Inc?
Indiana Thoroughbred Owners & Breeders Association Inc's revenue in 2022 was $345,743.
Who are the executives of Indiana Thoroughbred Owners & Breeders Association Inc and what are their salaries?
The average compensation at Indiana Thoroughbred Owners & Breeders Association Inc during 2022 was $30,300. There is 1 employee at Indiana Thoroughbred Owners & Breeders Association Inc.
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Where can I find the form 990 for Indiana Thoroughbred Owners & Breeders Association Inc?
Indiana Thoroughbred Owners & Breeders Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Indiana Thoroughbred Owners & Breeders Association Inc
Indiana Thoroughbred Owners & Breeders Association Inc is dedicated to fostering the ownership, breeding, and racing of thoroughbred horses in the state. Their mission encompasses promoting these activities to ensure the continued growth and success of the thoroughbred industry within Indiana. To achieve this, the association organizes various events and initiatives, including stallion season auctions and the promotion of breeding services provided by stallions in the region. By doing so, Indiana Thoroughbred Owners & Breeders Association Inc aims to support the local thoroughbred community and contribute to its overall development.
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Impact
October, 2024
The Indiana Thoroughbred Owners & Breeders Association Inc significantly enhances the equine landscape in Indiana by promoting ownership, breeding, and the racing of Thoroughbreds. Their initiatives, such as organizing stallion season auctions, play a crucial role in supporting local breeders and fostering a competitive breeding environment. By offering breeding services of stallions, they not only elevate the standard and appeal of Indiana's Thoroughbreds but also stimulate economic activity within the state’s agricultural sector. This focus on Thoroughbred breeding and racing contributes to the growth of an industry that provides jobs, supports local businesses, and attracts enthusiasm for equestrian sports in the region. Overall, their efforts help to elevate Indiana’s status in the Thoroughbred community while cultivating a vibrant culture around horse ownership and racing in the state.
This information is meant to be a general summary of Indiana Thoroughbred Owners & Breeders 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2
- Program Service Revenue: $337,597
- Gross Receipts: $345,743
Assets and Liabilities:
- Total Assets: $372,212
- Total Liabilities: $703
- Net Assets: $371,509
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HORSE SALES
Revenue
$214,847
TRACK FUNDS
Revenue
$100,504
ADVERTISING INCOME
Revenue
$15,400
BANQUET INCOME
Revenue
$5,310
Organization Details
Founding Year
2002
Phone
(765) 425-5790Principal Officer
Amy Elliott
Main Address
PO BOX 308, FAIRLAND, IN, 46126
NTEE Category
Code: L03 - Housing
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