Overview
What is Iowa Thoroughbred Breeders And Owners Association?
The Iowa Thoroughbred Breeders and Owners Association is a nonprofit organization situated in Altoona, Iowa. With a focus on promoting the breeding and racing of Thoroughbred horses within the state, they sponsor Iowa-bred races, recognize Iowa horse breeders and owners, organize sales, and provide comprehensive information on owning an Iowa-bred horse and the Iowa Bred Program. Their primary mission is to foster the growth and success of Thoroughbred horse breeding and racing in Iowa.
Official website here: www.iowathoroughbred.com
Is Iowa Thoroughbred Breeders And Owners Association legitimate?
Iowa Thoroughbred Breeders And Owners Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Iowa Thoroughbred Breeders And Owners Association 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: $55,931
For more financial information, click here
Official website here: www.iowathoroughbred.com
What is the mission statement of Iowa Thoroughbred Breeders And Owners Association?
The Iowa Thoroughbred Breeders and Owners Association's primary mission is to foster the breeding and racing of Thoroughbred horses. They achieve this by sponsoring Iowa-bred races, recognizing Iowa-bred horses and their owners, organizing sales, and providing information about owning an Iowa-bred horse and the Iowa Bred Program. The association's activities aim to support and promote the Thoroughbred horse industry in Iowa.
Official website here: www.iowathoroughbred.com
What is the revenue of Iowa Thoroughbred Breeders And Owners Association?
Iowa Thoroughbred Breeders And Owners Association's revenue in 2023 was $542,543.
Official website here: www.iowathoroughbred.com
Who are the executives of Iowa Thoroughbred Breeders And Owners Association and what are their salaries?
The average compensation at Iowa Thoroughbred Breeders And Owners Association during 2023 was $55,931. There is 1 employee at Iowa Thoroughbred Breeders And Owners Association.
Here are 12 key members and their salaries:
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Official website here: www.iowathoroughbred.com
Where can I find the form 990 for Iowa Thoroughbred Breeders And Owners Association?
Iowa Thoroughbred Breeders And Owners Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iowathoroughbred.com
Learn more at the official website: www.iowathoroughbred.com
Mission Statement of Iowa Thoroughbred Breeders And Owners Association
The Iowa Thoroughbred Breeders and Owners Association, in its mission, is dedicated to fostering the breeding and racing of Thoroughbred horses within the state of Iowa. This nonprofit organization actively works towards achieving this goal by sponsoring Iowa-bred races, recognizing Iowa-bred horses and their owners, organizing sales, and providing comprehensive information on owning an Iowa-bred horse and the Iowa Bred Program. By engaging in these activities, the Iowa Thoroughbred Breeders and Owners Association plays a significant role in promoting the breeding and racing of Thoroughbred horses within its jurisdiction, thereby contributing to the growth and development of the equine industry in Iowa.
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Impact
October, 2024
The Iowa Thoroughbred Breeders and Owners Association plays a crucial role in promoting the breeding and racing of thoroughbred horses in Iowa. By sponsoring Iowa-bred races, the association creates opportunities for local breeders and owners to showcase their horses and compete for recognition within the industry. This not only fosters a sense of community among horse owners but also stimulates economic activity related to horse racing.
The association recognizes Iowa horses and their owners, which helps to elevate the status of Iowa's thoroughbred breeding program. By holding sales and providing valuable information on owning and caring for Iowa-bred horses, they support both new and seasoned owners in navigating the intricacies of the thoroughbred industry. Their efforts contribute to the growth and sustainability of thoroughbred racing in the state, enhancing its significance in the local economy and community life. Through these initiatives, they ensure that Iowa remains a vibrant part of the thoroughbred racing landscape, ultimately benefiting both participants and fans alike.
This information is meant to be a general summary of Iowa Thoroughbred Breeders And Owners Association. 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 2023.
- Investment Income: $28,799
- Program Service Revenue: $479,531
- Gross Receipts: $553,045
Assets and Liabilities:
- Total Assets: $1,044,750
- Total Liabilities: $139,739
- Net Assets: $905,011
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE COMMISIONS AND FE
Revenue
$246,142
PROMOTION FUND SUPPORT
Revenue
$90,794
STAKES NOMINATIONS
Revenue
$73,833
STALLION SERVICES AUCT
Revenue
$66,332
NEWSLETTER ADVERTISING
Revenue
$2,430
Organization Details
Founding Year
1969
Principal Officer
Kristal Freese
Website
www.iowathoroughbred.comNTEE Category
Code: K20 - Food
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