Louisiana Thoroughbred Breeders Association
- Assets
- $6.2m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 7
- Location
- New Orleans, LA
- Founding
- 12/1971
- Data as of
- 12/2021
- EIN
- 72-0676064
Organization Overview
Louisiana Thoroughbred Breeders Association is located in New Orleans, LA. The organization was established in 1971. 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. As of 12/2021, Louisiana Thoroughbred Breeders Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Thoroughbred Breeders Association 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, Louisiana Thoroughbred Breeders Association generated $9.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $9.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION SEEKS TO PROMOTE AND FURTHER THE THOROUGHBRED BREEDING INDUSTRY (CONT'D ON SCH O.) IN LOUISIANA. THE ASSOCIATION IS ENGAGED IN PROGRAMS FOR THE ENCOURAGEMENT AND IMPROVEMENT OF THE BREEDING OF THOROUGHBRED HORSES IN THE STATE OF LOUISIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION IS AN ECONOMIC STIMULUS PROGRAM, LEGISLATIVELY PUT IN PLACE AS THE OFFICIAL REGISTRAR OF LOUISIANA BRED THOROUGHBREDS AND FOR THE ENCOURAGEMENT AND IMPROVEMENT OF BREEDING THOROUGHBRED HORSES IN THE STATE OF LOUISIANA INCLUDING, BUT NOT LIMITED TO, THE PAYMENT OF BREEDERS' AWARDS TO BREEDERS OF ACCREDITED LOUISIANA-BRED HORSES AND SUPPLEMENTING PURSES FOR RACES WRITTEN FOR ACCREDITED LOUISIANA-BRED HORSES.
THE ASSOCIATION PUBLISHES "THE LOUISIANA HORSE MAGAZINE," THE OFFICIAL PUBLICATION OF THE ASSOCIATION, ON A QUARTERLY BASIS, AS WELL AS THE ANNUAL "STALLION REGISTER."
SCHOLARSHIP PROGRAM:DRAWINGS WERE HELD TO GIVE OUT $1,000 SCHOLARSHIPS IN FEBRUARY AT DELTA DOWNS, IN MAY AT EVANGELINE DOWNS IN AUGUST AT LOUISIANA DOWNS AND IN DECEMBER AT THE FAIR GROUNDS. ANY MEMBER OF THE GENERAL PUBLIC THAT WAS PRESENT AND CURRENTLY ENROLLED AS A FULL-TIME COLLEGE STUDENT WAS ELIGIBLE TO PARTICIPATE IN THE DRAWING. THE PROCEEDS WERE SUBMITTED DIRECTLY TO THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Heitzmann III Executive Director | Officer | 50 | $125,099 |
Warren J Harang III President | OfficerTrustee | 20 | $375 |
David Tillson Director | Trustee | 6 | $375 |
Michelle La Voice Director | Trustee | 10 | $375 |
Charlotte Clavier Director | Trustee | 3 | $375 |
Thomas Early Director | Trustee | 10 | $375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $46,050 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,000 |
| 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 | $106,050 |
| Total Program Service Revenue | $9,622,853 |
| Investment income | $12,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,742 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,749,646 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,000 |
| 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 | $444,747 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,608 |
| Fees for services: Accounting | $39,427 |
| Fees for services: Lobbying | $24,375 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,570 |
| Advertising and promotion | $115,480 |
| Office expenses | $49,668 |
| Information technology | $172,479 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,275 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,517 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,048 |
| Insurance | $94,748 |
| All other expenses | $115,012 |
| Total functional expenses | $9,704,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,322,432 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,449 |
| 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 | $7,910 |
| Net Land, buildings, and equipment | $61,018 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,793,359 |
| Total assets | $6,203,168 |
| Accounts payable and accrued expenses | $0 |
| 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 | $72,080 |
| Total liabilities | $72,080 |
| Net assets without donor restrictions | $0 |
| 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 | $6,131,088 |
| Total liabilities and net assets/fund balances | $6,203,168 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Louisiana Thoroughbred Breeders Association New Orleans, LA | $6,203,168 | $9,749,646 |
International Brangus Breeders Assn San Antonio, TX | $2,611,383 | $2,074,594 |
Texas Chihuahua Rescue Inc Pleasanton, TX | $664,827 | $907,128 |
Safe In Austin Rescue Ranch Leander, TX | $48,495 | $623,045 |
International Association Of Canine Professionals Lampasas, TX | $717,670 | $439,428 |
Hamilton County Jr Livestock Association Hamilton, TX | $97,956 | $239,495 |
Molino De Suenos Bigfoot, TX | $230,354 | $193,375 |
Beefmaster Breeders United Boerne, TX | $123,551 | $197,691 |
Houston Kennel Club Inc Houston, TX | $143,530 | $187,694 |
Pembroke Welsh Corgi Club Of America Inc Dallas, TX | $351,635 | $0 |
South Main Center Association Houston, TX | $325,871 | $0 |
American Pomeranian Club Inc Ecru, MS | $206,541 | $0 |