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Nonprofiteer
← RACING MEDICATION AND TESTING CONSORTIUM INC

Form 990 for tax year 2023

Filed by RACING MEDICATION AND TESTING CONSORTIUM INC.

Totals

Total revenue
$461,111
Total expenses
$662,997
Contributions and grants received
$254,322
Grants paid
$72,019
Program service revenue
$188,963
Investment income
$14,944
Other revenue
$2,882
Total assets, end of year
$879,800
Total liabilities, end of year
$51,270
Net assets or fund balances, end of year
$828,530
Program services expenses (Part IX)
$484,377
Management and general expenses
$178,620
Fundraising expenses
$0
Program service expenses (Part III)
$484,377

Program services were 73.1% 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

    $254,322

  • 2a · Program service revenue: PROGRAM SERVICES

    total $132,113 · related or exempt $132,113

  • 2b · Program service revenue: CONFERENCE FEES AND SP

    total $56,850 · related or exempt $56,850

  • 3 · Investment income

    total $14,944 · excluded $14,944

  • 11a · Other revenue: OTHER INCOME

    total $2,882 · related or exempt $2,882

  • 11e · Other revenue, total

    $2,882

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $72,019 · program services $72,019

  • 5 · Compensation of officers, directors and key employees

    total $205,946 · program services $138,602 · management and general $67,344

  • 7 · Other salaries and wages

    total $82,593 · program services $55,585 · management and general $27,008

  • 8 · Pension plan contributions

    total $8,436 · program services $5,677 · management and general $2,759

  • 9 · Other employee benefits

    total $6,324 · program services $4,257 · management and general $2,067

  • 10 · Payroll taxes

    total $21,964 · program services $14,782 · management and general $7,182

  • 11b · Fees: legal

    total $198 · management and general $198

  • 11c · Fees: accounting

    total $37,508 · management and general $37,508

  • 11g · Fees: other

    total $16,847 · program services $16,847

  • 13 · Office expenses

    total $4,672 · management and general $4,672

  • 14 · Information technology

    total $6,582 · management and general $6,582

  • 16 · Occupancy

    total $10,950 · management and general $10,950

  • 17 · Travel

    total $10,598 · program services $10,598

  • 19 · Conferences, conventions and meetings

    total $57,865 · program services $57,281 · management and general $584

  • 22 · Depreciation, depletion and amortization

    total $5,839 · management and general $5,839

  • 23 · Insurance

    total $4,465 · management and general $4,465

  • 24a · Other expenses: EQAP STUDIES

    total $108,729 · program services $108,729

  • 24b · Other expenses: MISCELLANEOUS

    total $1,462 · management and general $1,462

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $614,632 · end of year $416,846

  • 2 · Savings and temporary cash investments

    beginning of year $298,175 · end of year $313,119

  • 3 · Pledges and grants receivable

    end of year $44,659

  • 4 · Accounts receivable

    beginning of year $158,868 · end of year $93,444

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,619 · end of year $8,117

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

    $22,244

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

    $18,629

  • 10c · Land, buildings and equipment, net

    beginning of year $7,023 · end of year $3,615

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,901 · end of year $51,270

  • 27 · Net assets without donor restrictions

    beginning of year $1,030,416 · end of year $828,530

Mission and programs · 2023

Mission

THE MISSION OF THE CONSORTIUM IS TO ENGAGE IN RESEARCH, EDUCATION, AND ADVOCACY FOR SCIENCE-BASED INITIATIVES THAT PROMOTE THE HEALTH AND SAFETY OF THE RACEHORSE AND THE INTEGRITY OF COMPETITION.

Activities or mission (Part I)

THE CONSORTIUM FUNDS RESEARCH, DEVELOPS AND PROMOTES POLICY RECOMMENDATIONS, AND EDUCATES STAKEHOLDERS IN SUPPORT OF HORSE RACING SAFETY AND INTEGRITY.

  • RESEARCH, EDUCATION, AND ADVOCACY TO ENSURE THE INTEGRITY OF THE HORSE RACING SPORT AND THE SAFETY OF ITS PARTICIPANTS.RMTC GOALS:DEVELOP AND RECOMMEND POLICIES AND PROHIBITED PRACTICES, AND ENFORCEMENT STRATEGIES REGARDING THE USE OF MEDICATIONS AND METHODS IN CONNECTION WITH TRAINING AND RACING HORSES.DEVELOP A DURABLE WORKING RELATIONSHIP WITH STATE AND NATIONAL RACING REGULATORY AUTHORITIES AND STAKEHOLDER ORGANIZATIONS BY BECOMING A RESPECTED SOURCE OF UNBIASED INFORMATION ON MEDICATION, TESTING, AND RESEARCH.STIMULATE, FOSTER, AND SOLICIT RESEARCH PROPOSALS TO IDENTIFY, DETECT, AND DETER THE USE OF NOVEL SUBSTANCES AND METHODS REPRESENTING INTEGRITY THREATS THAT ENHANCE OR DIMINISH OR OTHERWISE HAVE THE POTENTIAL TO ALTER ATHLETIC PERFORMANCE.DEFINE THE ETHICAL AND LEGITIMATE USE OF THERAPEUTIC MEDICATIONS AND/OR METHODS AND FORMULATE REASONABLE GUIDELINES CONSISTENT WITH SAID USE.DEVELOP AND RECOMMEND UNIFORM LABORATORY TECHNICAL STANDARDS, PROCEDURES, AND PERFORMANCE SPECIFICATIONS FOR ANALYTICAL METHODS AND INSTRUMENTATION USED IN THE DETECTION OF CONTROLLED MEDICATIONS AND/OR BANNED SUBSTANCES.MAINTAIN OVERSIGHT ON LABORATORY CAPABILITIES AND PERFORMANCE THROUGH THE LABORATORY ACCREDITATION PROGRAM, AUDITS BY INDEPENDENT EXPERTS, AND EXTERNAL QUALITY ASSURANCE PROGRAM SAMPLE TESTING.IDENTIFY AND PROMOTE SECURITY, SURVEILLANCE, AND INTELLIGENCE GATHERING PRACTICES AND TECHNIQUES TO SUPPORT ENFORCEMENT OF MEDICATION CONTROLS AND ANTI-DOPING REGULATIONS.ENGAGE WITH STATE AND FEDERAL REGULATORY AGENCIES TO PREVENT THE SYNTHESIS AND MANUFACTURE, IMPORTATION, PURCHASE AND/OR SALE OF ILLEGAL OR PROHIBITED SUBSTANCES INTENDED FOR USE IN HORSES ENGAGED IN RACING OR TRAINING.DEVELOP AND IMPLEMENT EDUCATIONAL PROGRAMS FOR INDUSTRY STAKEHOLDER ORGANIZATIONS RESPONSIBLE FOR MAINTAINING THE INTEGRITY OF THE SPORT AND THE HEALTH OF ITS PARTICIPANTS.ENGAGE AND COLLABORATE WITH OTHER ORGANIZATIONS REGULATING HORSERACING, OTHER EQUINE SPORTING DISCIPLINES, AND OTHER HUMAN AND ANIMAL SPORT, BOTH DOMESTIC AND INTERNATIONAL, TO ACCOMPLISH OUR MISSION. DISSEMINATE ACCURATE AND TIMELY INFORMATION TO STAKEHOLDER ORGANIZATIONS AND THE RACING PRESS VIA MULTIPLE COMMUNICATION CHANNELS.

    Expenses $484,377 · Grants $72,019 · Revenue $191,845

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ALEX WALDROP

    CHAIR/PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ALAN FOREMAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • HANK ZEITLIN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DR RICK ARTHUR

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DR JEFF BLEA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANET VANBEBBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR JAMES MEYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ED MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR LYNN HOVDA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DORA DELGADO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALAN BALCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR WILLIAM FARMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM ROBBINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN CAMPBELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TERRENCE MEYOCKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR STUART BROWN II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHAUNCEY MORRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC HAMELBACK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEITH CHAMBLIN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DAVID O'ROURKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT IULIANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR DIONNE BENSON

    DIRECTOR

    Total calculated
    $13,727
    From this org
    $13,727
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ANDY SCHWEIGARDT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILL NADER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR CLAYTON MCCOOK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR MARY SCOLLAY

    EXECUTIVE DIRECTOR FORMER

    Total calculated
    $32,219
    From this org
    $32,219
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • MICHAEL D HARDY

    EXECUTIVE DIRECTOR

    Total calculated
    $160,476
    From this org
    $160,000
    From related orgs
    $0
    Other
    $476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $476
    Filer's total
    $160,476

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433209349316258

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