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Iowa Quarter-Horse Racing Enterprises Inc

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

EIN: 421292717 ✦ Adel, IA ✦ Designated as a 501(c)(6)

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Overview

What is Iowa Quarter-Horse Racing Enterprises Inc?

Iowa Quarter-Horse Racing Enterprises Inc is a nonprofit organization situated in Adel, Iowa. Its primary mission is to champion the breeding and racing of quarter horses within the state. They achieve this by collaborating with the Racing Association of Central Iowa and sponsoring stakes races, honoring distinguished owners and breeders, and organizing a quarterly horse sale to boost the industry's growth. Furthermore, Iowa Quarter-Horse Racing Enterprises Inc supports a youth event to ignite enthusiasm for quarter horses as a recreational activity and sport.


Official website here: www.iqhra.com

Is Iowa Quarter-Horse Racing Enterprises Inc legitimate?

Iowa Quarter-Horse Racing Enterprises Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Iowa Quarter-Horse Racing Enterprises Inc submitted a form 990EZ, 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.


Official website here: www.iqhra.com

What is the mission statement of Iowa Quarter-Horse Racing Enterprises Inc?

Iowa Quarter-Horse Racing Enterprises Inc is dedicated to promoting the breeding and racing of quarter horses within the state. They achieve this through various initiatives, including partnering with the Racing Association of Central Iowa to sponsor stakes races, recognize outstanding owners and breeders, and conduct a quarterly horse sale. The organization also sponsors a youth event to encourage interest in quarter horses as a sport. Their goal is to foster the growth and appreciation of this breed within the equestrian community.


Official website here: www.iqhra.com

Who is the CEO of Iowa Quarter-Horse Racing Enterprises Inc?

Tom Lepic is the President of Iowa Quarter-Horse Racing Enterprises Inc.


Official website here: www.iqhra.com

What is the revenue of Iowa Quarter-Horse Racing Enterprises Inc?

Iowa Quarter-Horse Racing Enterprises Inc's revenue in 2022 was $106,472.


Official website here: www.iqhra.com

Who are the executives of Iowa Quarter-Horse Racing Enterprises Inc and what are their salaries?


Here are 18 key members and their salaries:


Butch Hammer (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Butch Bain (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Hovey (Secretary)
  • Compensation: $5,000
  • Related: $0
  • Other: $0
Jim Harvey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Lepic (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troi Mulford (Treasurer)
  • Compensation: $6,998
  • Related: $0
  • Other: $0
Bob Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Thorson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Lawless (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dick Tobin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leonard Reed (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shirley Peiffer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Scheckel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Wessels (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Orlin Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corrine Bockenstedt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Rayner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Hernandez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.iqhra.com

Where can I find the form 990EZ for Iowa Quarter-Horse Racing Enterprises Inc?

Iowa Quarter-Horse Racing Enterprises Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.iqhra.com

Learn more at the official website: www.iqhra.com

Mission Statement of Iowa Quarter-Horse Racing Enterprises Inc

Iowa Quarter-Horse Racing Enterprises Inc, as a nonprofit organization, is dedicated to promoting the breeding and racing of quarter horses within the state. It achieves this mission through various initiatives. The enterprise collaborates with the Racing Association of Central Iowa to sponsor stakes races, thereby recognizing outstanding owners and breeders in the industry. Furthermore, Iowa Quarter-Horse Racing Enterprises Inc conducts a quarterly horse sale, aiming to boost the popularity and participation in quarter horse racing.

Beyond its racing-focused initiatives, Iowa Quarter-Horse Racing Enterprises Inc also organizes a youth event. This event is designed to spark interest in quarter horses as a recreational activity and competitive sport among younger generations. By doing so, the organization is not only preserving the tradition of quarter horse racing but also fostering a new generation of enthusiasts and participants.

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Impact




October, 2024

Iowa Quarter-Horse Racing Enterprises Inc plays a vital role in enhancing the horse racing industry in Iowa, specifically focusing on the quarter horse breed. By promoting breeding and racing activities, the organization contributes to the growth and vitality of this equestrian sector within the state.

Its collaboration with the Racing Association of Central Iowa enables the sponsorship of stakes races, which not only incentivizes the participation of owners and breeders but also elevates the competitive landscape of horse racing in the region. Recognizing outstanding owners and breeders fosters a spirit of achievement and encourages more people to invest in the sport.

The organization further engages the community by conducting quarterly horse sales, providing a platform for breeders and buyers to connect, thereby stimulating economic growth within the local economy. Additionally, by sponsoring youth events, Iowa Quarter-Horse Racing Enterprises Inc cultivates an early interest in quarter horses as both a sport and a hobby. This not only assures a future generation of enthusiasts but also strengthens community ties through shared experiences centered around equestrian activities.

Through these initiatives, Iowa Quarter-Horse Racing Enterprises Inc significantly impacts both the horse racing industry and the broader community in Adel, Iowa, driving forward economic and cultural development.




This information is meant to be a general summary of Iowa Quarter-Horse Racing Enterprises 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
$106,472 (2022)
Expenses
$64,115 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,914
  • Program Service Revenue: $101,688
  • Gross Receipts: $106,472

Assets and Liabilities:

  • Total Assets: $338,319
  • Total Liabilities: $0
  • Net Assets: $338,319

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Organization Details

Principal Officer

Tom Lepic

Main Address

25327 SPORTSMANS CLUB ROAD, ADEL, IA, 50003

NTEE Category

Code: S41 - Community improvement

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