Overview
What is Nevada Pari-Mutuel Association?
The Nevada Pari-Mutuel Association is a nonprofit organization situated in Henderson, Nevada. Its primary role involves obtaining regulatory approvals for off-track pari-mutuel betting and acting as a liaison between the member licensed pari-mutuel race books, the provider of the pari-mutuel wagering system, and the State Gaming Commission and State Gaming Control Board. By doing so, the Nevada Pari-Mutuel Association plays a significant role in facilitating legal betting activities and ensuring compliance with gaming regulations in the state.
Is Nevada Pari-Mutuel Association legitimate?
Nevada Pari-Mutuel Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Nevada Pari-Mutuel 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:
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What is the mission statement of Nevada Pari-Mutuel Association?
The Nevada Pari-Mutuel Association serves as a regulatory body for off-track pari-mutuel betting. They act as a liaison between licensed race books, the pari-mutuel wagering system, and the State Gaming Commission and State Gaming Control Board. Their primary role is to obtain all necessary approvals for off-track betting and ensure smooth operations within this domain. Essentially, they function as a bridge between various entities involved in off-track pari-mutuel betting, facilitating communication and compliance with regulations.
Who is the CEO of Nevada Pari-Mutuel Association?
Zachary Levine is the President & of Nevada Pari-Mutuel Association.
What is the revenue of Nevada Pari-Mutuel Association?
Nevada Pari-Mutuel Association's revenue in 2022 was $259,448.
Who are the executives of Nevada Pari-Mutuel Association and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Nevada Pari-Mutuel Association?
Nevada Pari-Mutuel Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nevada Pari-Mutuel Association
Nevada Pari-Mutuel Association serves a crucial role in the regulation of off-track pari-mutuel betting. Acting as a liaison, this organization obtains all necessary approvals from the relevant authorities and serves as a bridge between the member licensed pari-mutuel race books, the state gaming commission, and the state gaming control board. By providing this service, Nevada Pari-Mutuel Association ensures the proper functioning of the pari-mutuel wagering system, ensuring fairness and transparency in the process. The association's mission is to maintain a seamless and regulated environment for off-track pari-mutuel betting, ultimately benefiting both the industry and its enthusiasts.
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Impact
October, 2024
The Nevada Pari-Mutuel Association plays a crucial role in the landscape of off-track pari-mutuel betting in the state. By obtaining all necessary regulatory approvals for off-track betting, the Association ensures a structured and compliant environment for wagering. This regulatory oversight is vital for maintaining integrity within the betting system, protecting both consumers and operators.
Acting as a liaison for licensed pari-mutuel race books, the Association fosters communication between these entities and regulatory bodies, including the State Gaming Commission and the State Gaming Control Board. This collaboration helps ensure that all operations adhere to state regulations, promoting a fair and transparent betting environment.
Additionally, the Association's focus on a single mission streamlines efforts to enhance and support the pari-mutuel wagering system. This is essential for improving community engagement in horse racing and related activities, ultimately contributing to community improvement initiatives. Through its activities, the Association significantly impacts the local economy and fosters a safer, more regulated betting atmosphere in Nevada.
This information is meant to be a general summary of Nevada Pari-Mutuel 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: $5,324
- Program Service Revenue: $254,124
- Gross Receipts: $259,708
Assets and Liabilities:
- Total Assets: $1,261,153
- Total Liabilities: $0
- Net Assets: $1,261,153
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$254,124
Organization Details
Founding Year
1990
Phone
(702) 387-2021Principal Officer
Zachary Levine
Main Address
2520 SAINT ROSE PKWY 207, HENDERSON, NV, 89074
NTEE Category
Code: S40 - Community improvement
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