Overview
What is The Louisiana Horseman's Medical Benefit Trust?
The Louisiana Horseman's Medical Benefit Trust is a nonprofit organization situated in New Orleans, Louisiana. Its primary purpose is to manage funds for the Louisiana Horsemen's Medical Benefit Plan, which offers hospital and medical benefits, as well as administrative expenses, for horse owners, trainers, and their employees who are licensed to race horses in Louisiana. The mission of this trust is to enhance the social welfare of individuals within the thoroughbred racing community in Louisiana by providing necessary medical and hospital benefits and related administrative expenses.
Is The Louisiana Horseman's Medical Benefit Trust legitimate?
The Louisiana Horseman's Medical Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(4) entity. The Louisiana Horseman's Medical Benefit 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
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What is the mission statement of The Louisiana Horseman's Medical Benefit Trust?
The Louisiana Horseman's Medical Benefit Trust is committed to enhancing the social welfare of individuals within the thoroughbred racing community. They achieve this by providing hospital and medical benefits, as well as managing related administrative expenses. The trust administers funds for the Louisiana Horsemen's Medical Benefit Plan, which offers healthcare coverage and related expenses to horse owners, trainer-owners, licensed trainers, and their employees who participate in horse racing activities in Louisiana.
Who is the CEO of The Louisiana Horseman's Medical Benefit Trust?
Edwin Fenasci is the Trustee of The Louisiana Horseman's Medical Benefit Trust.
What is the revenue of The Louisiana Horseman's Medical Benefit Trust?
The Louisiana Horseman's Medical Benefit Trust's revenue in 2022 was $3,399,671.
Who are the executives of The Louisiana Horseman's Medical Benefit Trust and what are their salaries?
There 5 volunteers at The Louisiana Horseman's Medical Benefit Trust.
Here are 6 key members and their salaries:
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- Related: $141,574
- Other: $9,898
Where can I find the form 990 for The Louisiana Horseman's Medical Benefit Trust?
The Louisiana Horseman's Medical Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Louisiana Horseman's Medical Benefit Trust
The Louisiana Horseman's Medical Benefit Trust is an organization with a mission to enhance the social welfare of individuals within the thoroughbred racing community in Louisiana. They strive to accomplish this by managing funds for the Louisiana Horsemen's Medical Benefit Plan. This plan provides essential hospital and medical benefits, as well as covering related administrative expenses, for horse owners, owner-trainers, trainers licensed to race horses in Louisiana, and their employees. This nonprofit organization aims to safeguard the health and well-being of the individuals who are a vital part of the thoroughbred racing community in Louisiana.
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Impact
October, 2024
The Louisiana Horseman's Medical Benefit Trust significantly enhances the well-being of individuals involved in the thoroughbred racing community in Louisiana. By administering funds for the Louisiana Horsemen's Medical Benefit Plan, it ensures that owners, owner/trainers, trainers, and their employees receive essential hospital and medical benefits. This support is crucial in promoting social welfare, particularly in an industry where occupational hazards and health risks can be prevalent.
The trust alleviates financial burdens related to medical expenses, enabling participants to focus more on their work and less on health-related concerns. In a region where horse racing is a vital economic activity, providing health benefits helps maintain a healthier workforce, contributing to overall community stability and productivity. Thus, the impact of the Louisiana Horseman's Medical Benefit Trust extends beyond individual health, fostering a supportive environment vital for the sustainability of thoroughbred racing in Louisiana.
This information is meant to be a general summary of The Louisiana Horseman's Medical Benefit 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,799
- Program Service Revenue: $3,377,012
- Gross Receipts: $3,399,671
Assets and Liabilities:
- Total Assets: $2,361,938
- Total Liabilities: $235,596
- Net Assets: $2,126,342
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAL BENEFIT REVENU
Revenue
$3,377,012
Organization Details
Founding Year
1993
Phone
(504) 945-1555Principal Officer
Edwin Fenasci
Main Address
1535 GENTILLY BLVD, NEW ORLEANS, LA, 70119
NTEE Category
Code: Y20 - Mutual benefit
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