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← ARABIAN BREEDERS SWEEPSTAKES

Form 990 for tax year 2024

Filed by ARABIAN BREEDERS SWEEPSTAKES.

Totals

Total revenue
$1,039,346
Total expenses
$1,066,188
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$677,445
Investment income
$361,901
Other revenue
$0
Total assets, end of year
$9,177,114
Total liabilities, end of year
$340,381
Net assets or fund balances, end of year
$8,836,733
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: ENTRIES

    total $677,445 · related or exempt $677,445

  • 3 · Investment income

    total $361,901 · excluded $361,901

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $1,750

  • 13 · Office expenses

    total $3,585

  • 17 · Travel

    total $3,705

  • 23 · Insurance

    total $16,643

  • 24a · Other expenses: PRIZE MONEY

    total $855,905

  • 24b · Other expenses: PROCESSING FEE

    total $160,000

  • 24c · Other expenses: AWARDS

    total $24,075

  • 24d · Other expenses: OTHER

    total $525

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $370,032 · end of year $291,227

  • 11 · Investments: publicly traded securities

    beginning of year $9,395,716 · end of year $8,877,413

  • 15 · Other assets

    end of year $8,474

  • 17 · Accounts payable and accrued expenses

    beginning of year $97,292 · end of year $109,376

  • 25 · Other liabilities

    beginning of year $804,883 · end of year $231,005

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,863,573 · end of year $8,836,733

Mission and programs · 2024

Mission

THE ORGANIZATION WAS ESTABLISHED TO AID AND ENCOURAGE THE BREEDING, EXHIBITING, USE, AND PERPETUATION OF THE ARABIAN, HALF-ARABIAN, AND ANGLO-ARABIAN HORSES.

  • SWEEPSTAKES: A PROGRAM TO PROMOTE THE ARABIANS, HALF-ARABIANS AND ANGLO ARABIANS AND TO BROADEN THE ASSOCIATION'S INCOME BASE. PARTICIPANTS CAN WIN PRIZE MONEY IN NUMEROUS SHOW RING EVENTS AND OTHER EQUINE COMPETITIVE SPORTS. THE ENTRY FEE PRINCIPAL IS USED SOLELY FOR PRIZE MONEY PAYBACKS WITH THE INTEREST EARNED ON SUCH PRINCIPAL USED TO SUPPORT ACTIVITIES OF THE ASSOCIATION.

As filed on the 2024 return.

Listed in Part VII

  • Russ Taylor

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jim Hitt

    VICE CHAIR/R

    Total calculated
    $0
    Hours/week
    1

  • Ralph Manning

    BOARD LIASON

    Total calculated
    $0
    Hours/week
    1

  • Steven Freeman

    REG DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Holloway

    STAFF LIASON

    Total calculated
    $0
    Hours/week
    1

  • Susan Racey

    REG DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dean Meier

    REG DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Blackstone

    REG DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert S Morey

    EXECUTIVE DI

    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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 February 2026
IRS schema version
2024v5.0
Source object
202600479349301900

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