Overview
What is Horseracing Integrity And Safety Authority Inc?
Horseracing Integrity and Safety Authority Inc is a nonprofit organization headquartered at 401 W MAIN ST STE 222, Lexington, Kentucky, with a team of two individuals. Established under the Horseracing Integrity and Safety Act, HISA is overseen by the Federal Trade Commission with a mission to create a comprehensive anti-doping and medication control program and a racetrack safety program for covered horses, covered persons, and covered horse races. The antidoping and medication control program became effective on May 22, 2023, while the racetrack safety program was implemented on July 1, 2022. HISA's initiatives aim to ensure the integrity and safety of horseracing events by implementing regulations and guidelines to maintain fair competition and protect the welfare of participating horses.
Official website here: www.hisaus.org
Is Horseracing Integrity And Safety Authority Inc legitimate?
Horseracing Integrity And Safety Authority Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Horseracing Integrity And Safety Authority 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: $652,341
Professional Fundraising Fees: $0
Other Salaries and Wages: $471,038
For more financial information, click here
Official website here: www.hisaus.org
What is the mission statement of Horseracing Integrity And Safety Authority Inc?
The Horseracing Integrity and Safety Authority Inc is dedicated to establishing and implementing a horseracing anti-doping and medication control program, as well as a racetrack safety program for covered horses, covered persons, and covered horseraces. This organization, overseen by the Federal Trade Commission, aims to create a fair and safe racing environment. Their racetrack safety program became effective on July 1, 2022, while their anti-doping and medication control program began on May 22, 2023. The Authority's efforts focus on ensuring the welfare of horses and maintaining the integrity of horseracing events.
Official website here: www.hisaus.org
Who is the CEO of Horseracing Integrity And Safety Authority Inc?
Charles Scheeler is the Chair of Horseracing Integrity And Safety Authority Inc. The CEO's salary of Horseracing Integrity And Safety Authority Inc is $314,827 and their total compensation is $314,827.
Official website here: www.hisaus.org
What is the revenue of Horseracing Integrity And Safety Authority Inc?
Horseracing Integrity And Safety Authority Inc's revenue in 2022 was $12,323,223.
Official website here: www.hisaus.org
Who are the executives of Horseracing Integrity And Safety Authority Inc and what are their salaries?
The average compensation at Horseracing Integrity And Safety Authority Inc during 2022 was $561,690. There are 2 employees and 21 volunteers at Horseracing Integrity And Safety Authority Inc.
Here are 13 key members and their salaries (Horseracing Integrity And Safety Authority Inc's CEO's salary is $314,827 and their total compensation is $314,827):
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- Compensation: $164,477
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- Other: $3,323
- Compensation: $314,827
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Official website here: www.hisaus.org
Where can I find the form 990 for Horseracing Integrity And Safety Authority Inc?
Horseracing Integrity And Safety Authority Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hisaus.org
Learn more at the official website: www.hisaus.org
Mission Statement of Horseracing Integrity And Safety Authority Inc
The Horseracing Integrity and Safety Authority Inc, or HISA, is a nonprofit organization established to develop and implement a comprehensive anti-doping and medication control program, as well as a racetrack safety program, for covered horses, covered persons, and covered horseraces in the United States. With oversight from the Federal Trade Commission, HISA aims to promote fair and ethical horse racing by ensuring the health and well-being of horses and the integrity of the sport.
By implementing a rigorous anti-doping and medication control program, HISA seeks to protect the welfare of the horses and maintain a level playing field for all competitors. This includes the enforcement of rules regarding the prohibition of certain substances and the establishment of testing procedures to detect and deter the use of performance-enhancing drugs. By doing so, HISA aims to uphold the integrity of horse racing and inspire confidence in the sport among the public.
Furthermore, HISA's racetrack safety program focuses on the welfare of both horses and human participants in the sport. The program aims to identify and address potential safety risks at racetracks and promote best practices for racetrack operations. With the safety program in effect since July 1, 2022, and the anti-doping and medication control program beginning on May 22, 2023, HISA continues its mission to ensure a safer and more ethical future for horseracing.
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Impact
October, 2024
The Horseracing Integrity and Safety Authority Inc. (HISA) has had a significant impact on the horse racing industry by establishing rigorous standards for anti-doping and medication control, as well as enhancing racetrack safety. The implementation of these programs aims to protect the welfare of racehorses, ensuring that they compete under fair and safe conditions.
Since the commencement of the racetrack safety program on July 1, 2022, and the anti-doping and medication control program on May 22, 2023, HISA has contributed to a more transparent and accountable racing environment. This has fostered greater confidence among stakeholders, including owners, trainers, and bettors, by mitigating the risks associated with doping and unsafe racing practices.
By enforcing uniform regulations across different jurisdictions, HISA is working towards minimizing discrepancies that previously existed, which often led to inconsistent safety standards and regulatory practices. This has not only increased the integrity of horse racing events but also promoted a safer and more humane experience for the horses involved.
Overall, HISA's initiatives signify a transformative shift in the governance of horse racing, prioritizing the health and safety of the equine athletes and the integrity of the sport itself.
This information is meant to be a general summary of Horseracing Integrity And Safety Authority 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: $8
- Program Service Revenue: $11,966,090
- Gross Receipts: $12,323,223
Assets and Liabilities:
- Total Assets: $5,472,847
- Total Liabilities: $8,751,713
- Net Assets: -$3,278,866
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE RACETRACK FEES
Revenue
$11,805,087
FINES INCOME
Revenue
$161,003
Organization Details
Founding Year
2020
Phone
(859) 255-2341Principal Officer
Charles Scheeler
Main Address
401 W MAIN ST STE 222, LEXINGTON, KY, 40507
Website
www.hisaus.orgNTEE Category
Code: S41 - Community improvement
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