Nebraska Thoroughbred Breeders Association
- Assets
- $47.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Island, NE
- Founding
- 05/1973
- Data as of
- 12/2022
- EIN
- 47-0532998
Organization Overview
Nebraska Thoroughbred Breeders Association is located in Grand Island, NE. The organization was established in 1973. According to its NTEE Classification (D60) the organization is classified as: Animal Services N.E.C., under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Thoroughbred Breeders Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Nebraska Thoroughbred Breeders Association generated $177.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $230.6k during the year ending 12/2022. While expenses have increased by 35.7% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ASSOCIATION MANAGES AND ARRANGES SALES OF NEBRASKA BRED HORSES FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Landis Director | 0.25 | $0 | |
Robert Hoffman Director | 0.25 | $0 | |
Vagas Mathiesen Director | 0.25 | $0 | |
Judy Pryor Director | 0.25 | $0 | |
Jeff Cox Director | 0.25 | $0 | |
Terrell Hemmer Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,342 |
| Total Program Service Revenue | $10,463 |
| Membership dues | $13,175 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,071 |
| Total Revenue | $177,051 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,095 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $17,779 |
| Printing, publications, postage, and shipping | $1,009 |
| Other expenses | $85,745 |
| Total expenses | $230,636 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,128 |
| Other assets | $0 |
| Total assets | $47,940 |
| Total liabilities | $111,801 |
| Net assets or fund balances | -$63,861 |