National Hbpa Inc
- Assets
- $607.3k
- Revenue
- $638.6k
- Investments
- $1.0k
- Employees
- 2
- Location
- Lexington, KY
- Founding
- 10/1992
- Data as of
- 12/2022
- EIN
- 52-1789171
Organization Overview
National Hbpa Inc is located in Lexington, KY. The organization was established in 1992. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, National Hbpa Inc employed 2 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. National Hbpa 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 12/2022, National Hbpa Inc generated $638.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $607.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SPORT OF THOROUGHBRED RACING AND TO PROVIDE ASSISTANCE TO OWNERS AND TRAINERS OF THOROUGHBRED RACE HORSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NATIONAL H.B.P.A, INC. IS A KENTUCKY NONPROFIT ORGANIZATION WHOSE PURPOSE IS TO PROMOTE THE SPORT OF THOROUGHBRED RACING, AND CREATE AWARENESS FOR THE GROWING ECONOMIC CONDITIONS OF THE INDUSTRY FOR ALL MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric J Hamelback CEO | Officer | 40 | $160,459 |
Doug Daniels President | OfficerTrustee | 10 | $0 |
Pat Lepley Member | Trustee | 1 | $0 |
Joe Davis Reg VP | OfficerTrustee | 2 | $0 |
J Lloyd Yother Reg VP | OfficerTrustee | 2 | $0 |
Rick Hiles Reg VP | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $509,925 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $618,769 |
| Total Program Service Revenue | $0 |
| Investment income | $297 |
| 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 | $638,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,287 |
| Pension plan accruals and contributions | $3,525 |
| Other employee benefits | $31,196 |
| Payroll taxes | $14,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,000 |
| Fees for services: Accounting | $2,106 |
| Fees for services: Lobbying | $72,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,000 |
| Advertising and promotion | $0 |
| Office expenses | $12,651 |
| Information technology | $15,406 |
| Royalties | $0 |
| Occupancy | $29,259 |
| Travel | $8,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $132,859 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,351 |
| Insurance | $10,646 |
| All other expenses | $0 |
| Total functional expenses | $607,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,301 |
| Savings and temporary cash investments | $91,267 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,267 |
| 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 | $3,616 |
| Net Land, buildings, and equipment | $1,484 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $351,371 |
| Total assets | $607,306 |
| Accounts payable and accrued expenses | $21,543 |
| 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 | $9,925 |
| Total liabilities | $31,468 |
| Net assets without donor restrictions | $559,401 |
| Net assets with donor restrictions | $16,437 |
| 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 | $607,306 |