Overview
What is New Mexico Horsemen's Association?
The New Mexico Horsemen's Association, established in 1966, is a dedicated nonprofit organization with a mission to enhance the welfare and health of horse racing participants in New Mexico. This includes licensed owners, trainers, and grooms, collectively known as "horsemen." They achieve this by offering beneficial resources, timely information, and assistance. The association promotes public acceptance of the horse racing industry in New Mexico and represents its members in various capacities. They keep records of daily pari-mutuel handle for purse money distribution, manage separate bank accounts for horsemen's shares of racino gaming machine revenue, and provide representation on medication and rules committees. Additionally, they protect members' interests at New Mexico Racing Commission meetings, serve as an official liaison between horsemen and track management, and maintain a local office at each track during live racing meets.
Official website here: www.newmexicohorsemen.com
Is New Mexico Horsemen's Association legitimate?
New Mexico Horsemen's Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. New Mexico Horsemen's 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: $105,417
Professional Fundraising Fees: $0
Other Salaries and Wages: $103,005
For more financial information, click here
Official website here: www.newmexicohorsemen.com
What is the mission statement of New Mexico Horsemen's Association?
The New Mexico Horsemen's Association, established in 1966, actively promotes the general welfare and health of licensed horse owners, trainers, and grooms who participate in horse racing within the state. The association strives to foster a higher level of public awareness and acceptance of the horse racing industry in New Mexico. To achieve this, the association provides representation to the New Mexico Racing Commission's Medications and Rules Committees, attends all general meetings of the commission to protect the interests of its members, serves as the liaison between horsemen and track management, and maintains a local office at each track during live racing meets for the convenience of its members. The association also manages the distribution of purse money and administers separate bank accounts for the horsemen's share of revenue from racino gaming machines at each track, disbursing these funds to the tracks for payment of race purses.
Official website here: www.newmexicohorsemen.com
Who is the CEO of New Mexico Horsemen's Association?
Dr Paul Jenson is the Director of New Mexico Horsemen's Association.
Official website here: www.newmexicohorsemen.com
What is the revenue of New Mexico Horsemen's Association?
New Mexico Horsemen's Association's revenue in 2022 was $19,546.
Official website here: www.newmexicohorsemen.com
Who are the executives of New Mexico Horsemen's Association and what are their salaries?
The average compensation at New Mexico Horsemen's Association during 2022 was $41,684. There are 5 employees and 10 volunteers at New Mexico Horsemen's Association.
Here are 11 key members and their salaries:
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Official website here: www.newmexicohorsemen.com
Where can I find the form 990 for New Mexico Horsemen's Association?
New Mexico Horsemen's Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newmexicohorsemen.com
Learn more at the official website: www.newmexicohorsemen.com
Mission Statement of New Mexico Horsemen's Association
The New Mexico Horsemen's Association, established in 1966, has a mission to actively promote the general welfare and health of licensed horse owners, trainers, and grooms who race in the state of New Mexico. This nonprofit organization represents the interests of its members, often referred to as horsemen, by fostering a higher level of public awareness and acceptance of the horse racing industry in New Mexico. The Association achieves this by providing various services, including:
1. Maintaining accurate records of daily pari-mutuel handle, which is essential for the distribution of purse money at each New Mexico racing track. This process involves managing and administering separate bank accounts for the horsemen's share of racino gaming machine revenue at each track, and distributing these funds to the tracks for the payment of race purses.
2. Providing representation to the New Mexico Racing Commission's Medications and Rules Committees, ensuring that the interests of its members are considered in the formulation of regulations.
3. Attending every general meeting of the New Mexico Racing Commission to protect the interests of its members.
4. Serving as the official liaison between the horsemen and track management, as well as state regulatory authorities, facilitating open communication and collaboration.
5. Operating a local office at each track during live racing meets for the convenience of its members.
In essence, the New Mexico Horsemen's Association plays a vital role in supporting and advocating for its members within the horse racing industry in the state of New Mexico, aiming to promote their welfare and ensure a fair and transparent racing environment.
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Impact
October, 2024
The New Mexico Horsemen's Association plays a crucial role in the horse racing industry by advocating for the interests and welfare of horsemen racing in the state. Since its inception in 1966, the association has fostered public awareness and acceptance of horse racing, ensuring that the concerns and needs of licensed owners, trainers, and grooms are addressed.
By maintaining essential records for the daily pari-mutuel handle, the association ensures fair distribution of purse money at all New Mexico tracks. It also administers separate bank accounts for the horsemen's share of racino gaming revenue, allowing for timely payouts that directly benefit those involved in racing.
The association actively participates in regulatory processes, representing horsemen at the New Mexico Racing Commission's medications and rules committees, and ensuring their voices are heard at crucial meetings. As an official liaison between horsemen, track management, and regulatory authorities, it creates a vital communication channel, facilitating cooperation and understanding among all stakeholders.
Additionally, by maintaining local offices at each track during live racing meets, the association provides convenient access to resources and support for its members. Overall, the New Mexico Horsemen's Association significantly enhances the welfare and operational effectiveness of the horse racing community in New Mexico.
This information is meant to be a general summary of New Mexico Horsemen's 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 2022.
- Investment Income: $19,546
- Gross Receipts: $19,546
Assets and Liabilities:
- Total Assets: $1,974,825
- Total Liabilities: $153,120
- Net Assets: $1,821,705
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Organization Details
Founding Year
1966
Phone
(505) 266-7056Principal Officer
Dr Paul Jenson
Main Address
217 PALOMAS NE, ALBUQUERQUE, NM, 87108
Website
www.newmexicohorsemen.comNTEE Category
Code: N60 - Recreation
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