Louisiana Horsemens Benevolent And Protective Association 1993 Inc

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

EIN: 721126371 ✦ New orleans, LA ✦ Designated as a 501(c)(6)

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Overview

What is Louisiana Horsemens Benevolent And Protective Association 1993 Inc?

Louisiana Horsemens Benevolent And Protective Association 1993 Inc is a nonprofit organization situated in New Orleans, Louisiana. Their primary mission is to manage the collection and distribution of race track winnings for member horsemen at thoroughbred racetracks in Louisiana. They facilitate fair negotiations for income distribution, mediate conflicts that arise at racetracks, and handle workers' compensation matters for their members. Based in 1535 Gentilly Blvd, New Orleans, LA 70119, the organization boasts a team of 34 individuals committed to serving the horsemen community.


Official website here: www.lahbpa.org

Is Louisiana Horsemens Benevolent And Protective Association 1993 Inc legitimate?

Louisiana Horsemens Benevolent And Protective Association 1993 Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Louisiana Horsemens Benevolent And Protective Association 1993 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: $1,510,051

For more financial information, click here


Official website here: www.lahbpa.org

What is the mission statement of Louisiana Horsemens Benevolent And Protective Association 1993 Inc?

The Louisiana Horsemens Benevolent and Protective Association 1993 Inc's primary mission is to facilitate fair distributions of race track income among its members. In cases of disputes at racetracks, the organization offers mediation services. Additionally, Louisiana Horsemens Benevolent and Protective Association 1993 Inc is responsible for managing workers' compensation for its member horsemen. Beyond these roles, the organization also provides bookkeeping services related to the collection and distribution of race track winnings to its members at thoroughbred racetracks in Louisiana.


Official website here: www.lahbpa.org

Who is the CEO of Louisiana Horsemens Benevolent And Protective Association 1993 Inc?

Edwin Fenasci is the Chairman / President of Louisiana Horsemens Benevolent And Protective Association 1993 Inc.


Official website here: www.lahbpa.org

What is the revenue of Louisiana Horsemens Benevolent And Protective Association 1993 Inc?

Louisiana Horsemens Benevolent And Protective Association 1993 Inc's revenue in 2022 was $2,819,654.


Official website here: www.lahbpa.org

Who are the executives of Louisiana Horsemens Benevolent And Protective Association 1993 Inc and what are their salaries?

The average compensation at Louisiana Horsemens Benevolent And Protective Association 1993 Inc during 2022 was $44,413. There are 34 employees and 12 volunteers at Louisiana Horsemens Benevolent And Protective Association 1993 Inc.


Here are 13 key members and their salaries:


Benard K Chatters (Chairman / President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Duvieilh (Legal Council)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Hernandez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlotte Stemmans Clavier (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michele Rodriguez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Castille (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Delahoussaye (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bret Calhoun (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Roberts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Stemmans (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronnie Ward (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edwin J Fenasci (Executive Director)
  • Compensation: $141,574
  • Related: $0
  • Other: $5,609


Official website here: www.lahbpa.org

Where can I find the form 990 for Louisiana Horsemens Benevolent And Protective Association 1993 Inc?

Louisiana Horsemens Benevolent And Protective Association 1993 Inc'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 Louisiana Horsemens Benevolent And Protective Association 1993 Inc

Louisiana Horsemens Benevolent And Protective Association 1993 Inc is an organization dedicated to ensuring fair distributions of race track income for its member horsemen. The association serves this purpose by negotiating agreements and mediating disputes that may arise at racetracks. Furthermore, the organization provides workers' compensation management to safeguard the interest of its members. Beyond these functions, Louisiana Horsemens Benevolent And Protective Association 1993 Inc also offers bookkeeping services, specifically in relation to the collection and disbursement of race track winnings to its member horsemen at thoroughbred racetracks in Louisiana.

In summary, the mission of Louisiana Horsemens Benevolent And Protective Association 1993 Inc is multifaceted. It aims to protect the financial interests of its member horsemen by negotiating fair distributions, resolving disputes, and offering workers' compensation management. Additionally, the organization provides bookkeeping services, ensuring that race track winnings are collected and distributed accurately to its members. By carrying out these roles, Louisiana Horsemens Benevolent And Protective Association 1993 Inc plays a vital role in the thoroughbred racing industry in Louisiana, supporting its member horsemen and ensuring the smooth operation of racetracks.

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Impact




October, 2024

The Louisiana Horsemen's Benevolent and Protective Association 1993 Inc plays a critical role in supporting horsemen in Louisiana's thoroughbred racing industry. It ensures that the financial interests of its members are safeguarded through efficient bookkeeping services related to the collection and disbursement of race track winnings. By facilitating the fair distribution of race track income, the organization helps to maintain equitable opportunities for horsemen.

Additionally, it serves as a mediator in disputes that may arise at racetracks, fostering a collaborative environment among stakeholders, which is essential for the harmonious operation of the racing industry. The association also manages workers' compensation for its members, providing essential support and security for horsemen in case of injuries or work-related issues. Overall, its impact is significant in promoting fairness, financial integrity, and a supportive community for horsemen involved in thoroughbred racing in Louisiana.




This information is meant to be a general summary of Louisiana Horsemens Benevolent And Protective Association 1993 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
$2,819,654 (2022)
Expenses
$2,815,348 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $127,477
  • Program Service Revenue: $2,639,739
  • Gross Receipts: $2,867,015

Assets and Liabilities:

  • Total Assets: $3,667,540
  • Total Liabilities: $784,750
  • Net Assets: $2,882,790

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Programs

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

MANAGEMENT FEES

Revenue

$1,524,000

PONY LEAD FEES

Revenue

$570,152

WORKERS' COMPENSATION

Revenue

$491,489

JOCKEY PAYROLL AND NSF

Revenue

$54,098

Organization Details

Founding Year

1993

Principal Officer

Edwin Fenasci

Main Address

1535 GENTILLY BLVD, NEW ORLEANS, LA, 70119

NTEE Category

Code: Y20 - Mutual benefit

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