Form 990 for tax year 2022
Filed by CALIFORNIA THOROUGHBRED BUSINESS LEAGUE.
Totals
- Total revenue
- $6,344,880
- Total expenses
- $5,620,584
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $6,336,280
- Investment income
- $8,600
- Other revenue
- $0
- Total assets, end of year
- $5,796,154
- Total liabilities, end of year
- $24,496
- Net assets or fund balances, end of year
- $5,771,658
- Program services expenses (Part IX)
- $5,500,000
- Management and general expenses
- $120,584
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,500,000
Program services were 97.9% 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: CALIFORNIA B&P CODE SEC 19605
total $6,336,280 · related or exempt $6,336,280
-
3 · Investment income
total $8,600 · excluded $8,600
-
7a · Gross sales of assets other than inventory
securities $1,773,000
-
7b · Less cost or other basis and sales expenses
securities $1,773,000
-
7c · Gain or loss
securities $0
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $14,070 · management and general $14,070
-
23 · Insurance
total $18,570 · management and general $18,570
-
24a · Other expenses: WORKERS' COMP PREMIUMS
total $5,500,000 · program services $5,500,000
-
24b · Other expenses: ADMINISTRATION
total $87,944 · management and general $87,944
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,510,797 · end of year $2,516,933
-
4 · Accounts receivable
beginning of year $318,732 · end of year $430,388
-
9 · Prepaid expenses and deferred charges
beginning of year $10,833 · end of year $1,385,833
-
12 · Investments: other securities
beginning of year $1,225,000 · end of year $1,463,000
-
17 · Accounts payable and accrued expenses
beginning of year $18,000 · end of year $24,496
-
27 · Net assets without donor restrictions
beginning of year $5,047,362 · end of year $5,771,658
Mission and programs · 2022
Mission
AS MANDATED BY CALIFORNIA BUSINESS & PROFESSIONS CODE SECTION 19605.75(F), FUNDS ARE COLLECTED AND DISBURSED TO ASSIST THE CALIFORNIA THOROUGHBRED HORSE RACING INDUSTRY BY DEFRAYING WORKERS COMPENSATION COSTS FOR HORSE OWNERS AND TRAINERS, JOCKEYS, AND RACING ASSOCIATIONS AND FAIRS.
Activities or mission (Part I)
ASSIST CALIFORNIA THOROUGHBRED HORSE RACING INDUSTRY WITH WORKERS COMPENSATION PROGRAM.
-
PAYMENTS FOR WORKERS COMPENSATION INSURANCE PURSUANT TO CALIFORNIA BUSINESS & PROFESSIONS CODE SECTION 19605.75.
Expenses $5,500,000 · Revenue $6,336,280
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
William NadarWILLIAM NADAR
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Joe HassonJOE HASSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Alan BalchALAN BALCH
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Doug BurgeDOUG BURGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Larry SwartzlanderLARRY SWARTZLANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael LyonMICHAEL LYON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nate NewbyNATE NEWBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom RobbinsTOM ROBBINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob LiewaldBOB LIEWALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric SindlerERIC SINDLER
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
- 2022
- Filed
- 19 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342699349300444
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