Iowa Quarter Horse Racing

Organization Overview

Iowa Quarter Horse Racing is located in Adel, IA. The organization was established in 2003. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Quarter Horse Racing 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 12/2021, Iowa Quarter Horse Racing generated $85.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $60.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3

TO PROMOTE THE BREEDING AND RACING OF QUARTER HORSES IN IOWA WITH THE RACING ASSOCIATION OF CENTRAL IOWA AND SPONSORING STAKES RACES, RECOGNIZING OUTSTANDING OWNERS AND BREEDERS, AND SPONSORING A YOUTH DAYS EVENT TO PROMOTE INTEREST IN QUARTER HORSES.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$3,885
Total Program Service Revenue$79,994
Membership dues$0
Investment income $1,644
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$85,523

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Iowa Quarter Horse Racing has recieved totaling $2,500.

Awarding OrganizationAmount
Prairie Meadows Race Track & Casino Inc

Altoona, IA

PURPOSE: Youth Scholarships

$2,500
View Grant Recipient Profile

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