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Texas Horsemens Partnership Llp

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

EIN: 742785702 ✦ Elgin, TX ✦ Designated as a 501(c)(6)

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Overview

What is Texas Horsemens Partnership Llp?

Texas Horsemens Partnership Llp is a nonprofit organization headquartered in Elgin, Texas. Established with a purpose to serve as the recognized representative of horsemen for all Pari-mutuel horseracing meets held in the state during the partnership's duration, as defined by the Texas Racing Act's rules, the organization supports the industry by representing the interests of those involved. With a small team of five dedicated individuals, Texas Horsemens Partnership Llp plays a significant role in advocating for and overseeing horseracing events in Texas.

Is Texas Horsemens Partnership Llp legitimate?

Texas Horsemens Partnership Llp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Texas Horsemens Partnership Llp 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: $105,916
Professional Fundraising Fees: $0
Other Salaries and Wages: $269,408

For more financial information, click here

What is the mission statement of Texas Horsemens Partnership Llp?

The Texas Horsemen's Partnership LLP serves as the recognized representative for all Pari-mutuel horseracing events in the state of Texas. Its mission, as stated, is to support the industry during the duration of the partnership, as defined by the rules of racing under the Texas Racing act. The organization aims to advocate for the rights and interests of individuals involved in Pari-mutuel horseracing meets, working to promote and sustain the industry within the state. The partnership functions as a unified voice for horsemen, ensuring their concerns and needs are addressed in the realm of Pari-mutuel horseracing events.

Who is the CEO of Texas Horsemens Partnership Llp?

Marsha Rountree is the Executive Dir. of Texas Horsemens Partnership Llp.

What is the revenue of Texas Horsemens Partnership Llp?

Texas Horsemens Partnership Llp's revenue in 2022 was $995,740.

Who are the executives of Texas Horsemens Partnership Llp and what are their salaries?

The average compensation at Texas Horsemens Partnership Llp during 2022 was $75,065. There are 5 employees at Texas Horsemens Partnership Llp.


Here are 7 key members and their salaries:


Marsha Rountree (Executive Dir.)
  • Compensation: $105,916
  • Related: $0
  • Other: $0
Pete Scarmardo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Tommy Hays (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Penn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Synowsky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kie Mushinski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danny Pish (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Texas Horsemens Partnership Llp?

Texas Horsemens Partnership Llp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Texas Horsemens Partnership Llp

Texas Horsemen's Partnership serves as the recognized representative of all horsemen involved in Pari-mutuel horseracing events held within the state of Texas. The organization's purpose is to support the horse racing industry during the duration of its partnership, as defined by the rules of racing under the Texas Racing Act. In essence, Texas Horsemen's Partnership acts as a liaison between the horsemen and the state, advocating for their interests and ensuring the smooth operation of Pari-mutuel horseracing meets. By functioning in this capacity, the organization plays a crucial role in fostering a thriving horse racing community in Texas.

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Impact




October, 2024

Texas Horsemen's Partnership LLP plays a vital role in the landscape of pari-mutuel horseracing in Texas. Serving as the officially recognized horsemen's organization, it advocates for the interests of horse owners, trainers, and jockeys throughout the state. By representing these stakeholders at horseracing meets, the organization supports not only the individuals involved but also the broader horseracing industry in Texas.

The Partnership's impact is felt in several ways. Firstly, it helps to enhance the welfare of racehorses by promoting regulations and policies that ensure their safety and fair treatment. Secondly, by fostering a collaborative environment among horsemen, it encourages the sharing of resources and knowledge, which can lead to improved training standards and racing practices.

Additionally, the Texas Horsemen's Partnership contributes to community improvement by stimulating economic activity associated with horseracing events, which can have a ripple effect on local businesses and jobs. Through its efforts, the organization strengthens the ties between the horseracing community and the public, ensuring that the industry not only thrives but also aligns with societal values. Overall, Texas Horsemen's Partnership LLP stands as a pillar of support, advocacy, and community enhancement within the Texas horseracing sector.




This information is meant to be a general summary of Texas Horsemens Partnership Llp. 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
$995,740 (2022)
Expenses
$866,987 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,863
  • Program Service Revenue: $908,087
  • Gross Receipts: $995,740

Assets and Liabilities:

  • Total Assets: $576,841
  • Total Liabilities: $1,230
  • Net Assets: $575,611

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Programs

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

Track Funding

Revenue

$908,087

Organization Details

Principal Officer

Marsha Rountree

Main Address

PO Box 471, Elgin, TX, 78621

NTEE Category

Code: S410 - Community improvement

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