Overview
What is Minnesota Harness Racing Inc?
Minnesota Harness Racing Inc is a nonprofit organization situated in Janesville, Minnesota, primarily focused on representing and advocating for the Standard Breed horse racing industry within the state. The organization negotiates contracts with racetracks that support harness racing in Minnesota, enhancing opportunities for breeding and racing within the region. By securing and distributing purse funds for county fairs hosting harness racing events, they contribute to the agricultural development of their membership. Minnesota Harness Racing Inc hosts awards banquets to recognize successful horse owners and drivers, demonstrating their commitment to promoting and ensuring the welfare of these horses and their human counterparts involved in the racing industry.
Official website here: www.mnharness.com
Is Minnesota Harness Racing Inc legitimate?
Minnesota Harness Racing Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Minnesota Harness Racing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,965
For more financial information, click here
Official website here: www.mnharness.com
What is the mission statement of Minnesota Harness Racing Inc?
Minnesota Harness Racing Inc serves as a representative body for all horse owners, trainers, breeders, grooms, and drivers involved in standardbred harness horse racing within the state. Their primary mission is to promote and safeguard the welfare of the horses and individuals involved in the racing industry. The organization negotiates contracts with racetracks in Minnesota to support harness racing, advances breeding and racing opportunities within the state, and improves agricultural development for its members. Minnesota Harness Racing Inc also distributes purse funds for county fairs hosting harness racing, distributing funds in a competitive, nondiscriminatory manner following the rules established by the United States Trotting Association. In addition, the organization hosts award banquets to recognize successful horse owners and drivers throughout the year.
Official website here: www.mnharness.com
Who is the CEO of Minnesota Harness Racing Inc?
Justin Anfinson is the President of Minnesota Harness Racing Inc.
Official website here: www.mnharness.com
What is the revenue of Minnesota Harness Racing Inc?
Minnesota Harness Racing Inc's revenue in 2022 was $549,725.
Official website here: www.mnharness.com
Who are the executives of Minnesota Harness Racing Inc and what are their salaries?
The average compensation at Minnesota Harness Racing Inc during 2022 was $54,965. There is 1 employee at Minnesota Harness Racing Inc.
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Official website here: www.mnharness.com
Where can I find the form 990 for Minnesota Harness Racing Inc?
Minnesota Harness Racing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mnharness.com
Learn more at the official website: www.mnharness.com
Mission Statement of Minnesota Harness Racing Inc
Minnesota Harness Racing Inc, representing the interests of owners, trainers, breeders, grooms, and drivers involved in harness racing, is committed to promoting and safeguarding the welfare of the horses raced and those working with them. As a nonprofit organization, Minnesota Harness Racing Inc negotiates contracts with racetracks that support harness racing in Minnesota, advocating for its membership and the standard breed industry. The organization supports and advances harness racing within the state, improving breeding and racing opportunities for its members, thereby contributing to agricultural development. Furthermore, Minnesota Harness Racing Inc secures and distributes purse funds for county fairs that host harness racing events, ensuring fair distribution based on competitive, sanctioned events in accordance with the rules established by the United States Trotting Association. The organization also recognizes the achievements of successful horse owners and drivers through annual awards banquets.
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Impact
October, 2024
Minnesota Harness Racing Inc plays a crucial role in supporting and enhancing the harness racing industry in the state. The organization represents all stakeholders involved in racing standard-bred harness horses, including owners, trainers, breeders, grooms, and drivers. By advocating for their interests, it ensures that the voices of all participants are heard and considered in negotiations with racetracks.
The organization actively promotes the welfare of the horses and those working with them, making it a vital force in maintaining high standards within the industry. Through its efforts, Minnesota Harness Racing Inc enhances breeding and racing opportunities, which significantly contributes to agricultural development in the region.
Additionally, the organization secures and distributes purse funds for county fairs that host harness racing events, supporting local economies and encouraging participation in the sport. Awards banquets hosted by the organization recognize the achievements of successful owners and drivers, fostering a sense of community and celebrating excellence in the industry. Overall, Minnesota Harness Racing Inc significantly impacts both the harness racing community and the broader agricultural landscape in Minnesota.
This information is meant to be a general summary of Minnesota Harness Racing 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.
- Program Service Revenue: $227,479
- Gross Receipts: $580,265
Assets and Liabilities:
- Total Assets: $155,423
- Total Liabilities: $0
- Net Assets: $155,423
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COUNTY FAIR PURSE FUND
Revenue
$185,310
MISCELLANENOUS INCOME
Revenue
$22,219
MEMBERSHIP DUES
Revenue
$10,980
ENTRY FEES
Revenue
$8,320
STUD FEES
Revenue
$650
Organization Details
Founding Year
1951
Phone
(651) 964-8400Principal Officer
Justin Anfinson
Main Address
39125 20TH STREET, JANESVILLE, MN, 56048
Website
www.mnharness.comNTEE Category
Code: Y12 - Mutual benefit
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