Illinois Harness Horsemens Association Inc
- Assets
- $692.8k
- Revenue
- $655.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Hinsdale, IL
- Founding
- Data as of
- 12/2023
- EIN
- 36-2326042
Organization Overview
Illinois Harness Horsemens Association Inc is located in Hinsdale, IL. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Illinois Harness Horsemens Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Harness Horsemens Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Illinois Harness Horsemens Association Inc generated $655.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $607.5k during the year ending 12/2023. While expenses have increased by 20.5% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRADE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ILLINOIS HARNESS HORSEMEN'S ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION DESIGNED TO PRESERVE, PROMOTE AND MAINTAIN HARNESS HORSE RACING IN THE STATE OF ILLINOIS BY REPRESENTING OWNERS, BREEDERS, TRAINERS, DRIVERS AND CARETAKERS/GROOMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Davis Director/president | OfficerTrustee | 5 | $0 |
Casey Leonard Director/1st Vice President | OfficerTrustee | 5 | $0 |
Craig Grummel Director/2nd Vice President | OfficerTrustee | 5 | $0 |
Al Beals Director/treasurer | OfficerTrustee | 5 | $0 |
David Brink Director/ass't Treasurer | OfficerTrustee | 5 | $0 |
Clark Fairley Director/secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $638,100 |
| Investment income | $7,339 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $655,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000 |
| Grants and other assistance to domestic individuals. | $3,568 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,749 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $102,920 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,930 |
| Information technology | $2,277 |
| Royalties | $0 |
| Occupancy | $16,866 |
| Travel | $4,975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,105 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $29,094 |
| All other expenses | $16,822 |
| Total functional expenses | $607,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,791 |
| Savings and temporary cash investments | $224,871 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,625 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,509 |
| Total assets | $692,796 |
| Accounts payable and accrued expenses | $58,177 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $63,887 |
| Total liabilities | $122,064 |
| Net assets without donor restrictions | $570,732 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $692,796 |