Overview
What is Utah Quarter Horse Racing Association Inc?
Utah Quarter Horse Racing Association Inc, situated in Farr West, Utah, is a nonprofit organization with a focus on advocating for the Quarter Horse breed and ensuring its well-being. Their mission involves sustaining and expanding the horse breeding and racing industries within the state of Utah. With a modest team of two dedicated individuals, they work tirelessly to promote and support the Quarter Horse industry in Utah.
Is Utah Quarter Horse Racing Association Inc legitimate?
Utah Quarter Horse Racing Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Utah Quarter Horse Racing Association 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: $29,037
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What is the mission statement of Utah Quarter Horse Racing Association Inc?
The Utah Quarter Horse Racing Association Inc is committed to fostering an interest in and ensuring the proper care of Quarter Horses. Their mission is to sustain, promote, and expand the horse breeding and horse racing industries within Utah. By doing so, they aim to contribute positively to this equine industry, ultimately benefiting both the animals and the community as a whole.
Who is the CEO of Utah Quarter Horse Racing Association Inc?
Thomas W Close is the President of Utah Quarter Horse Racing Association Inc.
What is the revenue of Utah Quarter Horse Racing Association Inc?
Utah Quarter Horse Racing Association Inc's revenue in 2022 was $623,009.
Who are the executives of Utah Quarter Horse Racing Association Inc and what are their salaries?
The average compensation at Utah Quarter Horse Racing Association Inc during 2022 was $14,518. There are 2 employees at Utah Quarter Horse Racing Association Inc.
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Where can I find the form 990 for Utah Quarter Horse Racing Association Inc?
Utah Quarter Horse Racing Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Utah Quarter Horse Racing Association Inc
The Utah Quarter Horse Racing Association Inc is dedicated to promoting the Quarter Horse industry within the state and ensuring the well-being of these animals. Their mission is multifaceted, encompassing the cultivation of interest in Quarter Horses and sustaining, promoting, and expanding the horse breeding and racing industries in Utah. By doing so, the organization aims to foster a thriving and vibrant Quarter Horse community in the state.
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Impact
October, 2024
The Utah Quarter Horse Racing Association Inc significantly impacts the community by fostering interest in and ensuring the proper care of quarter horses. Its efforts sustain, promote, and expand the horse breeding and racing industries throughout Utah, contributing to economic vitality and cultural heritage. By advocating for the quarter horse industry, the organization enhances community engagement and support for local events, enriching the lives of both horse enthusiasts and the general public. Furthermore, their focus on animal care underscores a commitment to the ethical treatment of horses, which ultimately strengthens the bond between the community and these majestic animals.
This information is meant to be a general summary of Utah Quarter Horse Racing Association 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $303
- Program Service Revenue: $554,301
- Gross Receipts: $623,009
Assets and Liabilities:
- Total Assets: $225,462
- Total Liabilities: $37,000
- Net Assets: $188,462
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$266,660
ADVERTISING
Revenue
$159,300
AUCTION INCOME
Revenue
$86,913
JOCK MOUNTS INCOME
Revenue
$24,293
RACE ADMISSIONS
Revenue
$11,865
Organization Details
Founding Year
2019
Phone
(801) 564-1634Principal Officer
Thomas W Close
Main Address
2291 N 2575 W, FARR WEST, UT, 84404
NTEE Category
Code: S40 - Community improvement
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