Totals
- Total revenue
- $908,557
- Total expenses
- $800,500
- Contributions and grants received
- $839,796
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $68,761
- Other revenue
- $0
- Total assets, end of year
- $913,216
- Total liabilities, end of year
- $2,294
- Net assets or fund balances, end of year
- $910,922
- Program services expenses (Part IX)
- $618,714
- Management and general expenses
- $181,786
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $618,714
Program services were 77.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$839,796
-
3 · Investment income
total $68,761 · related or exempt $68,761
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $63,177 · program services $63,177
-
5 · Compensation of officers, directors and key employees
total $160,013 · program services $120,010 · management and general $40,003
-
7 · Other salaries and wages
total $14,000 · program services $10,500 · management and general $3,500
-
10 · Payroll taxes
total $23,086 · program services $17,314 · management and general $5,772
-
11b · Fees: legal
total $81,871 · management and general $81,871
-
11c · Fees: accounting
total $14,755 · management and general $14,755
-
11d · Fees: lobbying
total $54,400 · program services $54,400
-
11g · Fees: other
total $100,838 · program services $90,754 · management and general $10,084
-
12 · Advertising and promotion
total $98,912 · program services $98,912
-
13 · Office expenses
total $6,171 · management and general $6,171
-
17 · Travel
total $36,516 · program services $36,516
-
19 · Conferences, conventions and meetings
total $3,630 · program services $3,630
-
22 · Depreciation, depletion and amortization
total $2,440 · management and general $2,440
-
23 · Insurance
total $7,830 · management and general $7,830
-
24a · Other expenses: DONATIONS
total $46,286 · program services $46,286
-
24b · Other expenses: BACKSIDE ENRICHMENT
total $27,326 · program services $27,326
-
24c · Other expenses: MEMBERSHIP DUES
total $25,402 · program services $25,402
-
24d · Other expenses: BAD DEBT EXPENSE
total $15,456 · program services $15,456
-
24e · All other expenses
total $18,391 · program services $9,031 · management and general $9,360
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $289,718 · end of year $630,263
-
2 · Savings and temporary cash investments
beginning of year $500,000 · end of year $261,460
-
4 · Accounts receivable
beginning of year $20
-
7 · Other notes and loans receivable
beginning of year $15,455
-
9 · Prepaid expenses and deferred charges
beginning of year $1,260 · end of year $10,000
-
10a · Land, buildings and equipment: cost or other basis
$38,505
-
10b · Land, buildings and equipment: accumulated depreciation
$27,012
-
10c · Land, buildings and equipment, net
beginning of year $1,945 · end of year $11,493
-
17 · Accounts payable and accrued expenses
beginning of year $5,533 · end of year $2,294
-
27 · Net assets without donor restrictions
beginning of year $802,865 · end of year $910,922
Mission and programs · 2025
Mission
THE ASSOCIATION'S MISSION IS TO PROMOTE THE COMMON INTEREST OF THE THOROUGHBRED OF IOWA.
Activities or mission (Part I)
THE ASSOCIATION WAS FORMED TO PROMOTE THE COMMON INTEREST OF THOROUGHBRED HORSEMEN OF IOWA. MEMBERSHIP IS OPEN TO ANY LICENSED OWNER OR TRAINER OF A THOROUGHBRED RACE CLASS.
-
PROMOTE LEGISLATION AND UNIFORM RACING POLICIES BENEFICIAL TO HORSEMEN. NEGOTIATE WITH RACETRACK REGARDING SCHEDULES, STAKES, SAFETY, AND WORKING CONDITIONS. REPRESENT HORSEMEN AT RACING ASSOCIATIONS AND COMMISIONS. IMPROVE THE IMAGE OF THOROUGHBRED RACING.
Expenses $618,714
As filed on the 2025 return.
Listed in Part VII
-
Jonathan MossJONATHAN MOSS
EXECUTIVE DI
- Total calculated
- $108,860
- From this org
- $108,860
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
-
Michelle McShaneMICHELLE MCSHANE
SECRETARY/TR
- Total calculated
- $51,153
- From this org
- $51,153
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
-
Bonnie BirzerBONNIE BIRZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Danny CaldwellDANNY CALDWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin EikleberryKEVIN EIKLEBERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brandi Jo FettBRANDI JO FETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff HartzJEFF HARTZ
1ST VICE PRE
- Total calculated
- $0
- Hours/week
- 1
-
Kelly Von HemelKELLY VON HEMEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe KellyJOE KELLY
2ND VICE PRE
- Total calculated
- $0
- Hours/week
- 1
-
David McShaneDAVID MCSHANE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 15
-
Allen PoindexterALLEN POINDEXTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tanner TracyTANNER TRACY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike VanderpoolMIKE VANDERPOOL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 20 July 2026
- IRS schema version
- 2025v4.0
- Source object
- 202602029349300705
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