Form 990 for tax year 2022
Filed by ASSOCIATION OF RACING COMMISSIONERS INTERNATIONAL INC.
Totals
- Total revenue
- $778,554
- Total expenses
- $651,007
- Contributions and grants received
- $657,990
- Grants paid
- $0
- Program service revenue
- $120,329
- Investment income
- $235
- Other revenue
- $0
- Total assets, end of year
- $2,023,606
- Total liabilities, end of year
- $618,357
- Net assets or fund balances, end of year
- $1,405,249
- Program services expenses (Part IX)
- $66,292
- Management and general expenses
- $584,715
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $66,292
Program services were 10.2% 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.
-
1b · Membership dues
$657,990
-
2a · Program service revenue: QUALITY ASSURANCE
total $50,980 · related or exempt $50,980
-
2b · Program service revenue: CONFERENCE
total $38,855 · related or exempt $38,855
-
2c · Program service revenue: FINGERPRINTING
total $30,384 · related or exempt $30,384
-
2d · Program service revenue: RULING & COMPREHENSIVE REPORT
total $110 · related or exempt $110
-
3 · Investment income
total $235 · excluded $235
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $206,711 · management and general $206,711
-
7 · Other salaries and wages
total $119,583 · management and general $119,583
-
8 · Pension plan contributions
total $33,503 · management and general $33,503
-
9 · Other employee benefits
total $24,584 · management and general $24,584
-
10 · Payroll taxes
total $21,825 · management and general $21,825
-
11b · Fees: legal
total $9,610 · management and general $9,610
-
11c · Fees: accounting
total $9,000 · management and general $9,000
-
16 · Occupancy
total $43,725 · management and general $43,725
-
17 · Travel
total $42,643 · management and general $42,643
-
19 · Conferences, conventions and meetings
total $59,564 · program services $59,564
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $15,593 · management and general $15,593
-
24b · Other expenses: INTERNET
total $9,794 · management and general $9,794
-
24c · Other expenses: INSURANCE
total $8,812 · management and general $8,812
-
24d · Other expenses: COMPUTER MAINTENANCE
total $8,356 · management and general $8,356
-
24e · All other expenses
total $37,704 · program services $6,728 · management and general $30,976
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,462,502 · end of year $1,447,701
-
4 · Accounts receivable
beginning of year $493,251 · end of year $564,982
-
9 · Prepaid expenses and deferred charges
beginning of year $10,253 · end of year $10,923
-
10a · Land, buildings and equipment: cost or other basis
$380,369
-
10b · Land, buildings and equipment: accumulated depreciation
$380,369
-
17 · Accounts payable and accrued expenses
beginning of year $68,620 · end of year $63,732
-
19 · Deferred revenue
beginning of year $618,100 · end of year $554,625
-
27 · Net assets without donor restrictions
beginning of year $1,279,286 · end of year $1,405,249
Mission and programs · 2022
Mission
TO ENCOURAGE A FORCEFUL NATIONWIDE REGULATION OF RACING AND WAGERING FOR THE PROTECTION OF THE SPORT, CONTESTANTS AND THE PUBLIC.
-
CONFERENCES, COMPILATIONS, SERVICE MULTI-STATE FINGERPRINTING AND OTHER ACTIVITIES TO PROMOTE RACING AND ITS INTEGRITY.
Expenses $66,292 · Revenue $120,329
As filed on the 2022 return.
Listed in Part VII
-
Edward MartinEDWARD MARTIN
PRESIDENT &
- Total calculated
- $206,711
- From this org
- $206,711
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $206,711
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $206,711
-
Tom SageTOM SAGE
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Doug MooreDOUG MOORE
CHAIR ELECT/
- Total calculated
- $0
- Hours/week
- 1
-
Anthony SalernoANTHONY SALERNO
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Charles Gardiner IIICHARLES GARDINER III
IMM PAST CHA
- Total calculated
- $0
- Hours/week
- 1
-
Tanya CadeauTANYA CADEAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris DragoneCHRIS DRAGONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rob WilliamsROB WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lou TrombettaLOU TROMBETTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan ChristiansonSUSAN CHRISTIANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott ChaneySCOTT CHANEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Heather GauntHEATHER GAUNT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Judith NasonJUDITH NASON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles MooreCHARLES MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Duncan PattersonDUNCAN PATTERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ken LoweKEN LOWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave LermondDAVE LERMOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike HopkinsMIKE HOPKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deena PitmanDEENA PITMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jamie EadsJAMIE EADS
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302509349300940
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