Form 990 for tax year 2023
Filed by THOROUGHBRED OWNERS OF CALIFORNIA.
Totals
- Total revenue
- $1,438,913
- Total expenses
- $1,450,094
- Contributions and grants received
- $0
- Grants paid
- $51,270
- Program service revenue
- $990,743
- Investment income
- $159,737
- Other revenue
- $288,433
- Total assets, end of year
- $3,529,267
- Total liabilities, end of year
- $1,742,655
- Net assets or fund balances, end of year
- $1,786,612
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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: RACE TRACK REVENUE
total $990,743 · related or exempt $990,743
-
3 · Investment income
total $159,737 · excluded $159,737
-
11a · Other revenue: MANAGEMENT SERVICES
total $205,000 · related or exempt $205,000
-
11b · Other revenue: SPONSORSHIPS
total $81,933 · related or exempt $81,933
-
11c · Other revenue: MISCELLANEOUS INCOME
total $1,500 · related or exempt $1,500
-
11e · Other revenue, total
$288,433
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $51,270
-
5 · Compensation of officers, directors and key employees
total $596,092
-
7 · Other salaries and wages
total $177,035
-
9 · Other employee benefits
total $27,587
-
10 · Payroll taxes
total $38,494
-
11b · Fees: legal
total $364,088
-
13 · Office expenses
total $23,601
-
14 · Information technology
total $23,211
-
16 · Occupancy
total $7,200
-
17 · Travel
total $42,917
-
19 · Conferences, conventions and meetings
total $47,429
-
22 · Depreciation, depletion and amortization
total $1,686
-
23 · Insurance
total $48,289
-
24a · Other expenses: TOC BOARD ELECTION EXPE
total $1,195
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $4,716,470 · end of year $1,533,603
-
4 · Accounts receivable
beginning of year $351,766 · end of year $290,183
-
9 · Prepaid expenses and deferred charges
beginning of year $98,672 · end of year $124,954
-
10a · Land, buildings and equipment: cost or other basis
$99,895
-
10b · Land, buildings and equipment: accumulated depreciation
$59,532
-
10c · Land, buildings and equipment, net
beginning of year $39,454 · end of year $40,363
-
12 · Investments: other securities
beginning of year $1,455,761 · end of year $1,538,424
-
15 · Other assets
beginning of year $0 · end of year $1,740
-
17 · Accounts payable and accrued expenses
beginning of year $119,346 · end of year $369,054
-
19 · Deferred revenue
beginning of year $4,495,635 · end of year $1,373,601
-
27 · Net assets without donor restrictions
beginning of year $2,047,142 · end of year $1,786,612
Mission and programs · 2023
Mission
THOROUGHBRED OWNERS OF CALIFORNIA'S OVERALL PURPOSE IS TO PROVIDE EFFECTIVE LEADERSHIP TO THE THOROUGHBRED RACING INDUSTRY IN CALIFORNIA. TOC INTENDS TO ACCOMPLISH THIS BY CONTINUALLY IMPROVING THE PROFITABILITY OF OWNERSHIP, INCREASING THE NUMBER OF HORSE OWNERS, ELEVATING THE QUALITY OF CALIFORNIA'S HORSES, AND USING EMERGING TECHNOLOGIES TO THE BENEFIT OF RACING.
Activities or mission (Part I)
REPRESENT THE INTERESTS OF CALIFORNIA THOROUGHBRED RACE HORSE OWNERS AND THE INDUSTRY.
-
PROVIDE INFORMATION RESOURCES FOR THOROUGHBRED HORSE OWNERS IN CALIFORNIA, PUBLISH A QUARTERLY NEWSLETTER FOR MEDIA AND THE PUBLIC, CONDUCT CLINICS FOR OWNERS AND THE PUBLIC, AND HOST PUBLIC FORUMS.
-
DONATION TO CALIFORNA THOROUGHBRED TRAINERS FOR BENEFIT OF BACKSTRETCH WORKERS.
-
SUPPORT THE CALIFORNIA THOROUGHBRED HORSE INDUSTRY.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
William NaderWILLIAM NADER
PRESIDENT / CEO
- Total calculated
- $583,092
- From this org
- $562,500
- From related orgs
- $0
- Other
- $20,592
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $475,000
- Bonus
- $87,500
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $20,592
- Filer's total
- $583,092
-
Nick AlexanderNICK ALEXANDER
CHAIRMAN EMERITUS
- Total calculated
- $0
- Hours/week
- 4
-
Gary FentonGARY FENTON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Ed MogerED MOGER
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Bob LiewaldBOB LIEWALD
VICE CHAIRMAN / TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Terry LovingierTERRY LOVINGIER
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Gary BarberGARY BARBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Joe CiagliaJOE CIAGLIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Tim CohenTIM COHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Matt DohmanMATT DOHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Rick GoldRICK GOLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Ryan HansonRYAN HANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Stephanie HronisSTEPHANIE HRONIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Lindsay LarocheLINDSAY LAROCHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Samantha SiegelSAMANTHA SIEGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Johnny TaboadaJOHNNY TABOADA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
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
The filer's explanations (Part III)
- PART I, LINE 3
- THE FINANCE COMMITTEE DISCUSSES THE CEO COMPENSATION DURING THE BUDGET PROCESS; IT IS THEN APPROVED BY THE FULL BOARD.
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
-
CALIFORNIA THOROUGHBRED TRAINERS
$10,000
GENERAL OPERATIONS
-
NTRA ECLIPSE AWARDS
-
$5,075
GENERAL OPERATIONS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511339349308956
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