Overview
What is New Mexico Horse Breeders Association?
The New Mexico Horse Breeders Association, situated in Albuquerque, New Mexico, serves as a significant entity promoting horse breeding and racing within the state. As the official registrar for New Mexico-bred horses, they are responsible for administering incentive funds, advocating for the interests of breeders, and ensuring the well-being of racing horses. By meticulously compiling data, they are able to distribute incentive awards to the owners and breeders of these horses, as mandated by state law. With a dedicated team of four employees, the association plays a crucial role in fostering the growth and success of horse breeding and racing in New Mexico.
Official website here: www.nmhorsebreeders.com
Is New Mexico Horse Breeders Association legitimate?
New Mexico Horse Breeders Association is a legitimate nonprofit organization registered as a 501(c)(5) entity. New Mexico Horse Breeders 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: $97,956
Professional Fundraising Fees: $0
Other Salaries and Wages: $67,068
For more financial information, click here
Official website here: www.nmhorsebreeders.com
What is the mission statement of New Mexico Horse Breeders Association?
The New Mexico Horse Breeders Association's mission is focused on promoting horse breeding and horse racing within the state. Specifically, their mission involves acting as the official registrar for New Mexico-bred horses, administering incentive funds, advocating for the breeders in the state, and promoting the welfare of racing horses. They play a crucial role in calculating incentive awards and distributing related checks to the owners and breeders of New Mexico-bred horses, as required by state law.
Official website here: www.nmhorsebreeders.com
Who is the CEO of New Mexico Horse Breeders Association?
Tom Goncharoff is the President of New Mexico Horse Breeders Association.
Official website here: www.nmhorsebreeders.com
What is the revenue of New Mexico Horse Breeders Association?
New Mexico Horse Breeders Association's revenue in 2022 was $463,867.
Official website here: www.nmhorsebreeders.com
Who are the executives of New Mexico Horse Breeders Association and what are their salaries?
The average compensation at New Mexico Horse Breeders Association during 2022 was $41,256. There are 4 employees and 12 volunteers at New Mexico Horse Breeders Association.
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- Compensation: $69,507
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- Other: $28,449
Official website here: www.nmhorsebreeders.com
Where can I find the form 990 for New Mexico Horse Breeders Association?
New Mexico Horse Breeders Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nmhorsebreeders.com
Learn more at the official website: www.nmhorsebreeders.com
Mission Statement of New Mexico Horse Breeders Association
The New Mexico Horse Breeders Association, in its mission, focuses on promoting horse breeding and horse racing within the state of New Mexico. This nonprofit organization serves as an advocate for breeders, acting as the official registrar for horses bred in the state. It also administers incentive funds, providing financial support to owners and breeders of New Mexico-bred horses, as mandated by state law. The association's mission extends beyond financial assistance, it also aims to represent the interests of breeders in New Mexico and prioritizes the welfare of racing horses within the state. In carrying out its mission, the New Mexico Horse Breeders Association compiles necessary data to calculate incentive awards and distributes award checks to qualifying horse owners and breeders.
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Impact
October, 2024
The New Mexico Horse Breeders Association plays a vital role in enhancing the state's equestrian industry, specifically focusing on the breeding of racing quarter horses and thoroughbreds. Through its efforts, the association actively promotes horse breeding and racing in New Mexico, fostering a vibrant community of breeders and owners.
One of its significant contributions includes compiling essential data to calculate incentive awards, which directly supports the financial interests of horse owners and breeders. This initiative has resulted in the distribution of 1,288 award checks to those involved with New Mexico-bred horses, reinforcing the economic viability of equine-related activities in the region.
Operating out of Albuquerque, the association serves as the official registrar for New Mexico-bred horses, ensuring the integrity and management of equine records. Additionally, by administering incentive funds, it creates opportunities for breeders to thrive while advocating for their interests in discussions that shape the equine industry.
Ultimately, the New Mexico Horse Breeders Association not only uplifts the breeding and racing sectors but also promotes the welfare of racing horses, contributing to a responsible and sustainable future for equestrian sports in the state.
This information is meant to be a general summary of New Mexico Horse Breeders 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: $10,075
- Program Service Revenue: $451,492
- Gross Receipts: $575,336
Assets and Liabilities:
- Total Assets: $7,489,880
- Total Liabilities: $6,535,605
- Net Assets: $954,275
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$239,520
MEMBERSHIP DUES
Revenue
$90,370
STATUTORY ADMIN FEES
Revenue
$83,127
AUCTION PROCEEDS
Revenue
$36,925
Organization Details
Founding Year
1961
Phone
(505) 262-0224Principal Officer
Tom Goncharoff
Main Address
4836 HARDWARE DRIVE NE STE B, ALBUQUERQUE, NM, 87109
Website
www.nmhorsebreeders.comNTEE Category
Code: K20 - Food
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