Overview
What is Louisiana Thoroughbred Breeders Association?
The Louisiana Thoroughbred Breeders Association is a nonprofit organization headquartered in New Orleans, Louisiana. Established as the official registrar of Louisiana-bred Thoroughbred horses, the association plays a significant role in stimulating the economy of Louisiana by encouraging and improving thoroughbred horse breeding in the state. Their mission encompasses various programs aimed at fostering the growth and enhancement of thoroughbred horse breeding industries within Louisiana. The association pays breeders' awards to those who breed accredited Louisiana-bred horses and supplements purses for races specifically designed for these horses. With a dedicated team of seven individuals, the Louisiana Thoroughbred Breeders Association is committed to promoting and advancing thoroughbred horse breeding in Louisiana.
Official website here: www.louisianabred.com
Is Louisiana Thoroughbred Breeders Association legitimate?
Louisiana Thoroughbred Breeders Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Louisiana Thoroughbred Breeders 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: $444,747
For more financial information, click here
Official website here: www.louisianabred.com
What is the mission statement of Louisiana Thoroughbred Breeders Association?
The Louisiana Thoroughbred Breeders Association is dedicated to promoting and enhancing the thoroughbred breeding industry within Louisiana. Through various programs, the association focuses on encouraging and improving the breeding of thoroughbred horses in the state. The organization acts as the official registrar of Louisiana-bred thoroughbreds and provides financial incentives to breeders of accredited Louisiana-bred horses. Additionally, the association supplements purses for races specifically for accredited Louisiana-bred horses, serving as an economic stimulus for the breeding industry.
Official website here: www.louisianabred.com
Who is the CEO of Louisiana Thoroughbred Breeders Association?
Warren J Harang Iii is the Director of Louisiana Thoroughbred Breeders Association.
Official website here: www.louisianabred.com
What is the revenue of Louisiana Thoroughbred Breeders Association?
Louisiana Thoroughbred Breeders Association's revenue in 2021 was $9,749,646.
Official website here: www.louisianabred.com
Who are the executives of Louisiana Thoroughbred Breeders Association and what are their salaries?
The average compensation at Louisiana Thoroughbred Breeders Association during 2021 was $63,535. There are 7 employees at Louisiana Thoroughbred Breeders Association.
Here are 14 key members and their salaries:
- Compensation: $375
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $375
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $375
- Related: $0
- Other: $0
- Compensation: $375
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $375
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $375
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $125,099
- Related: $0
- Other: $12,000
Official website here: www.louisianabred.com
Where can I find the form 990 for Louisiana Thoroughbred Breeders Association?
Louisiana Thoroughbred Breeders Association's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.louisianabred.com
Learn more at the official website: www.louisianabred.com
Mission Statement of Louisiana Thoroughbred Breeders Association
The Louisiana Thoroughbred Breeders Association is a vital organization dedicated to the promotion and enhancement of thoroughbred breeding in the state of Louisiana. This association plays a significant role in the industry by engaging in programs that encourage and improve the breeding of thoroughbred horses within the state.
Established legislatively as the official registrar of Louisiana-bred thoroughbreds, the Louisiana Thoroughbred Breeders Association works tirelessly to stimulate the local economy through various initiatives. One of its primary efforts involves the payment of breeders' awards to breeders of accredited Louisiana-bred horses. These financial incentives are essential for the continued growth and success of the thoroughbred breeding industry in the region.
Additionally, the association supplements purses for races written specifically for accredited Louisiana-bred horses. By doing so, the Louisiana Thoroughbred Breeders Association creates a competitive and thriving racing environment, attracting both breeders and owners to participate in the state's racing scene.
The Louisiana Thoroughbred Breeders Association acts as a catalyst for the growth and prosperity of thoroughbred breeding in Louisiana. Its mission is twofold: to promote the industry and to improve the breeding of thoroughbred horses within the state. By fostering a supportive and rewarding environment for breeders and racers alike, the association is making a significant impact on the thoroughbred breeding industry in Louisiana.
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Impact
October, 2024
The Louisiana Thoroughbred Breeders Association plays a crucial role in enhancing the thoroughbred breeding industry within the state. By operating as the official registrar for Louisiana-bred thoroughbreds, the Association not only recognizes and promotes these horses but also serves as a catalyst for economic growth in the region. Through initiatives designed to encourage and improve breeding practices, the Association supports breeders directly by providing breeders' awards for accredited Louisiana-bred horses.
Moreover, the Association supplements race purses specifically for races featuring Louisiana-bred horses, further incentivizing breeding and racing activities within the state. This stimulation of both the breeding and racing sectors promotes a vibrant local economy, creating jobs and attracting tourism. As a result, the Louisiana Thoroughbred Breeders Association significantly contributes to the preservation and growth of the thoroughbred industry, ensuring its sustainability and prosperity for future generations.
This information is meant to be a general summary of Louisiana Thoroughbred Breeders 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 2021.
- Investment Income: $9,886
- Program Service Revenue: $9,622,853
- Gross Receipts: $9,752,388
Assets and Liabilities:
- Total Assets: $6,203,168
- Total Liabilities: $72,080
- Net Assets: $6,131,088
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE OF LA ALLOCATION
Revenue
$9,372,456
ACCREDITING FEES
Revenue
$91,465
PUBLICATION INCOME
Revenue
$69,557
BREEDER SALE
Revenue
$48,790
MARE & STALLION REGIST
Revenue
$25,375
Organization Details
Founding Year
1961
Phone
(504) 947-4676Principal Officer
Warren J Harang Iii
Main Address
PO BOX 24650, NEW ORLEANS, LA, 70184
Website
www.louisianabred.comNTEE Category
Code: D03 - Animals
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