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← FLORIDA HORSEMENS BENEVOLENT AND PROTECTIVE ASSOCIATION INC

Form 990 for tax year 2022

Filed by FLORIDA HORSEMENS BENEVOLENT AND PROTECTIVE ASSOCIATION INC.

Totals

Total revenue
$1,492,878
Total expenses
$1,643,551
Contributions and grants received
$0
Grants paid
$400,000
Program service revenue
$1,492,200
Investment income
$678
Other revenue
$0
Total assets, end of year
$2,589,618
Total liabilities, end of year
$10,878
Net assets or fund balances, end of year
$2,578,740
Program services expenses (Part IX)
$1,643,551
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% 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.

  • 2a · Program service revenue: FHBPA FEE

    total $1,480,200 · related or exempt $1,480,200

  • 2b · Program service revenue: FHBC MGT FEE INCOME

    total $12,000 · related or exempt $12,000

  • 3 · Investment income

    total $64,953 · related or exempt $64,953

  • 7b · Less cost or other basis and sales expenses

    securities $64,275

  • 7c · Gain or loss

    securities -$64,275

  • 7d · Net gain or loss

    total -$64,275 · related or exempt -$64,275

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $400,000 · program services $400,000

  • 7 · Other salaries and wages

    total $274,449 · program services $274,449

  • 8 · Pension plan contributions

    total $7,690 · program services $7,690

  • 9 · Other employee benefits

    total $28,148 · program services $28,148

  • 10 · Payroll taxes

    total $22,349 · program services $22,349

  • 11b · Fees: legal

    total $16,804 · program services $16,804

  • 11c · Fees: accounting

    total $48,835 · program services $48,835

  • 11d · Fees: lobbying

    total $221,500 · program services $221,500

  • 11f · Fees: investment management

    total $11,497 · program services $11,497

  • 11g · Fees: other

    total $92,350 · program services $92,350

  • 13 · Office expenses

    total $20,474 · program services $20,474

  • 16 · Occupancy

    total $8,760 · program services $8,760

  • 17 · Travel

    total $6,046 · program services $6,046

  • 22 · Depreciation, depletion and amortization

    total $2,505 · program services $2,505

  • 23 · Insurance

    total $10,750 · program services $10,750

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $261,949 · program services $261,949

  • 24b · Other expenses: HISA

    total $105,395 · program services $105,395

  • 24c · Other expenses: MEMBERSHIP FEES

    total $49,375 · program services $49,375

  • 24d · Other expenses: COMPUTER & INTERNET

    total $19,944 · program services $19,944

  • 24e · All other expenses

    total $34,731 · program services $34,731

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $665,951 · end of year $584,035

  • 4 · Accounts receivable

    beginning of year $504,836 · end of year $206,490

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,090 · end of year $910

  • 10a · Land, buildings and equipment: cost or other basis

    $120,452

  • 10b · Land, buildings and equipment: accumulated depreciation

    $77,970

  • 10c · Land, buildings and equipment, net

    beginning of year $44,983 · end of year $42,482

  • 11 · Investments: publicly traded securities

    beginning of year $1,894,878 · end of year $1,755,701

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,244 · end of year $10,878

  • 25 · Other liabilities

    beginning of year $239,850

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,857,644 · end of year $2,578,740

Mission and programs · 2022

Mission

THE ASSOCIATION REPRESENTS THE INTERESTS OF SEVERAL THOUSAND THOROUGHBRED HORSE OWNERS AND TRAINERS WHO DO BUSINESS IN SOUTH FLORIDA. THE ASSOCIATION WORKS TO FOSTER AND PROMOTE THEIR RELATIONSHIPS WITH TRACKS, COMMUNITY AND GOVERNMENT, WHILE CREATING A BETTER ECONOMIC CLIMATE IN WHICH OUR HORSEMAN CAN DO BUSINESS.

  • THE ASSOCIATION REPRESENTS THE INTERESTS OF SEVERAL THOUSAND THOROUGHBRED HORSE OWNERS AND TRAINERS WHO DO BUSINESS IN SOUTH FLORIDA. THE ASSOCIATION WORKS TO FOSTER AND PROMOTE THEIR RELATIONSHIPS WITH TRACKS, COMMUNITY AND GOVERNMENT, WHILE CREATING A BETTER ECONOMIC CLIMATE IN WHICH OUR HORSEMAN CAN DO BUSINESS.

  • .

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andy Belfiore

    EXECUTIVE DI

    Total calculated
    $137,779
    From this org
    $137,779
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Patrick Biancone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chester Bishop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathy Davey

    1ST VICE PRE

    Total calculated
    $0
    Hours/week
    1

  • David Fawkes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jon Green

    DIRECTOR

    Total calculated
    $0

  • Adam Lazarus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Teresa Palmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terri Pompay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Rousso

    2ND VICE PR

    Total calculated
    $0
    Hours/week
    1

  • Ron Spatz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Cannell

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Joe Orseno

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
21 February 2023
IRS schema version
2022v5.0
Source object
202310929349300701

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