Illinois Thorougbred Breeders And Owners Foundation

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

EIN: 371011054 ✦ Lyons, IL ✦ Designated as a 501(c)(6)

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Overview

What is Illinois Thorougbred Breeders And Owners Foundation?

The Illinois Thorougbred Breeders And Owners Foundation is a nonprofit organization located in Lyons, Illinois. With a single employee, their primary mission is to encourage and foster the breeding, ownership, and racing of thoroughbred horses in the state of Illinois. The foundation works tirelessly to promote this cause, contributing to the overall growth and development of the thoroughbred horse industry within Illinois.


Official website here: www.itbof.net

Is Illinois Thorougbred Breeders And Owners Foundation legitimate?

Illinois Thorougbred Breeders And Owners Foundation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Illinois Thorougbred Breeders And Owners Foundation 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: $11,769

For more financial information, click here


Official website here: www.itbof.net

What is the mission statement of Illinois Thorougbred Breeders And Owners Foundation?

The Illinois Thorougbred Breeders and Owners Foundation's mission is centered around promoting the breeding, ownership, and racing of Thoroughbred horses within the state. Their primary objective is to advocate for and foster the ownership of Thoroughbred horses that have been bred or foaled in Illinois. This initiative aims to enhance the racing scene for these horses within the state.


Official website here: www.itbof.net

Who is the CEO of Illinois Thorougbred Breeders And Owners Foundation?

John Haran is the Director of Illinois Thorougbred Breeders And Owners Foundation.


Official website here: www.itbof.net

What is the revenue of Illinois Thorougbred Breeders And Owners Foundation?

Illinois Thorougbred Breeders And Owners Foundation's revenue in 2021 was $76,403.


Official website here: www.itbof.net

Who are the executives of Illinois Thorougbred Breeders And Owners Foundation and what are their salaries?

The average compensation at Illinois Thorougbred Breeders And Owners Foundation during 2021 was $11,769. There is 1 employee at Illinois Thorougbred Breeders And Owners Foundation.


Here are 8 key members and their salaries:


Chris Block (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janice Ely (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Haran (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Hartwig (2Nd Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shirley Ness (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Nobbe (1St Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.itbof.net

Where can I find the form 990 for Illinois Thorougbred Breeders And Owners Foundation?

Illinois Thorougbred Breeders And Owners Foundation's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.itbof.net

Learn more at the official website: www.itbof.net

Mission Statement of Illinois Thorougbred Breeders And Owners Foundation

The Illinois Thoroughbred Breeders and Owners Foundation is dedicated to promoting the breeding, ownership, and racing of Thoroughbred horses within the state of Illinois. Their primary mission is to foster a thriving environment for the ownership and racing of Illinois-bred and foaled Thoroughbred horses. This nonprofit organization works tirelessly to encourage and support the growth of this particular horse breed within the state, contributing to the overall horse racing industry in Illinois.

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Impact




October, 2024

The Illinois Thoroughbred Breeders and Owners Foundation significantly impacts the local equine industry by promoting the breeding, ownership, and racing of thoroughbred horses in Illinois. By emphasizing the importance of Illinois-bred and foaled horses, the foundation stimulates interest and investment in the state's thoroughbred sector. This not only supports local breeders and owners but also enhances the overall racing landscape, contributing to economic growth in the region.

Through various initiatives and events, the foundation fosters a community of enthusiasts and professionals dedicated to the advancement of thoroughbred racing, helping to sustain and revive the industry within the state. The promotion of local horses encourages a sense of pride among owners and fans, ultimately nurturing a vibrant recreational activity that benefits many stakeholders within the equine community.




This information is meant to be a general summary of Illinois Thorougbred Breeders And Owners Foundation. 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
$76,403 (2021)
Expenses
$70,759 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $51
  • Program Service Revenue: $68,902
  • Gross Receipts: $76,403

Assets and Liabilities:

  • Total Assets: $288,556
  • Total Liabilities: $171,213
  • Net Assets: $117,343

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Programs

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

PROMOTING THOROUBRED RACING

Revenue

$68,902

Organization Details

Founding Year

1947

Principal Officer

John Haran

Main Address

PO BOX 7, LYONS, IL, 60534

NTEE Category

Code: N60 - Recreation

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