Horsemen's Workers' Compensation Insurance Trust

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

EIN: 456375624 ✦ New orleans, LA ✦ Designated as a 501(c)(4)

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Overview

What is Horsemen's Workers' Compensation Insurance Trust?

The Horsemen's Workers' Compensation Insurance Trust is a nonprofit organization specifically catering to the horse racing industry. Its primary mission is to make worker's compensation insurance affordable for trainers, thereby offering essential protection to their employees in the event of workplace accidents. The trust provides comprehensive insurance coverage and associated benefits for certain individuals engaged in the horse racing sector.


Official website here: www.lahbpa.org/

Is Horsemen's Workers' Compensation Insurance Trust legitimate?

Horsemen's Workers' Compensation Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(4) entity. Horsemen's Workers' Compensation Insurance Trust 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: $0

For more financial information, click here


Official website here: www.lahbpa.org/

What is the mission statement of Horsemen's Workers' Compensation Insurance Trust?

The Horsemen's Workers' Compensation Insurance Trust serves a crucial role in the horse racing industry by providing an opportunity for trainers to secure affordable workers' compensation insurance for their employees. This safety net ensures financial protection for workers in case of accidents during their employment. The trust's primary mission is to offer workers' compensation insurance coverage and associated benefits to specific workers involved in horse racing. By doing so, it contributes to promoting a safer and more secure work environment within the industry.


Official website here: www.lahbpa.org/

Who is the CEO of Horsemen's Workers' Compensation Insurance Trust?

Keith Hernandez is the Trustee of Horsemen's Workers' Compensation Insurance Trust.


Official website here: www.lahbpa.org/

What is the revenue of Horsemen's Workers' Compensation Insurance Trust?

Horsemen's Workers' Compensation Insurance Trust's revenue in 2022 was $3,392,702.


Official website here: www.lahbpa.org/

Who are the executives of Horsemen's Workers' Compensation Insurance Trust and what are their salaries?

There 5 volunteers at Horsemen's Workers' Compensation Insurance Trust.


Here are 7 key members and their salaries:


Keith Hernandez (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur Morrell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bobby Dupre (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlotte Stemmans Clavier (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Faucheux (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Leggio Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edwin Fenasci (Executive Director)
  • Compensation: $0
  • Related: $141,574
  • Other: $5,609


Official website here: www.lahbpa.org/

Where can I find the form 990 for Horsemen's Workers' Compensation Insurance Trust?

Horsemen's Workers' Compensation Insurance Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lahbpa.org/

Learn more at the official website: www.lahbpa.org/

Mission Statement of Horsemen's Workers' Compensation Insurance Trust

The Horsemen's Workers' Compensation Insurance Trust serves a crucial role in the horse racing industry by making it feasible for trainers to procure worker's compensation insurance for their employees. This nonprofit organization's primary mission is to provide a safety net for workers involved in the horse racing industry, ensuring they are protected financially in the event of an accident during their employment. By offering worker's compensation insurance coverage and associated benefits, the Horsemen's Workers' Compensation Insurance Trust plays a vital role in safeguarding the well-being of employees in this specialized industry.

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Impact




October, 2024

Horsemen's Workers' Compensation Insurance Trust significantly impacts the horse racing industry by providing essential workers' compensation insurance coverage tailored for trainers and their employees. This coverage ensures that workers receive necessary protection and benefits in the unfortunate event of workplace accidents, fostering a safer working environment within the equine sector. By making insurance more affordable and accessible, the Trust helps sustain employment in the industry, allowing trainers to focus on their operations without the burden of exorbitant insurance costs. Ultimately, it promotes the well-being of workers while supporting the overall stability and integrity of the horse racing community in New Orleans and beyond.




This information is meant to be a general summary of Horsemen's Workers' Compensation Insurance Trust. 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
$3,392,702 (2022)
Expenses
$2,682,784 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $41,882
  • Program Service Revenue: $3,350,820
  • Gross Receipts: $3,392,702

Assets and Liabilities:

  • Total Assets: $5,951,306
  • Total Liabilities: $2,792,905
  • Net Assets: $3,158,401

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Programs

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

START PREMIUM REVENUE

Revenue

$2,274,200

STATUTORILY DEDICATED

Revenue

$846,379

FARM PREMIUM REVENUE

Revenue

$230,241

Organization Details

Founding Year

2011

Principal Officer

Keith Hernandez

Main Address

1535 GENTILLY BLVD, NEW ORLEANS, LA, 70119

NTEE Category

Code: Y25 - Mutual benefit

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