Pennsylvania Horse Breeders Association Inc

Organization Overview

Pennsylvania Horse Breeders Association Inc is located in Kennett Square, PA. The organization was established in 1950. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Pennsylvania Horse Breeders Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania Horse Breeders Association Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 12/2021, Pennsylvania Horse Breeders Association Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTION AND DEVELOPMENT OF PA RACING COMMISSION BREEDING PROGRAM

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTION AND DEVELOPMENT OF PA RACING COMMISSION BREEDING PROGRAM


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Board, Officers & Key Employees

Name (title)Compensation
Brian N Sanfratello
Executive Secretary
$150,000
Vicky Showe
Assistant Executive Secret
$88,000
Gregory C Newell Pe
President
$0
Robert Graham
Vice-President
$0
Douglas Black
Secretary
$0
Katherine A Rightmyer O'brien
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $93,100
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$93,100
Total Program Service Revenue$1,376,180
Investment income $129
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $940
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,478,049

Grants Awarded

Over the last fiscal year, Pennsylvania Horse Breeders Association Inc has awarded $180,000 in support to 3 organizations.

Grant RecipientAmount

TRUSTEES OF THE UNIVERSITY OF PA - BIOBANK RESEARCH PROJECT

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: SUPPORT RESEARCH TO HELP MAKE HORSE RACING CLEAN AND DRUG-FREE

$150,000

Bensalem, PA

PURPOSE: ASSURE RETIRED RACEHORSES HAVE A SAFE FUTURE AND A NEW CAREER

$15,000

PA HBPA-NEW START

Org PageRecipient Profile

Grantville, PA

PURPOSE: SUPPORT PROGRAM FOR RE-HOMING OF RETIRED RACE HORSES

$15,000
View Grant Profile

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