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Nonprofiteer
← GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC

Form 990 for tax year 2023

Filed by GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC.

Totals

Total revenue
$478,019
Total expenses
$478,019
Contributions and grants received
$0
Grants paid
$341,595
Program service revenue
$0
Investment income
$0
Other revenue
$478,019
Total assets, end of year
$28,518
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$28,518
Program services expenses (Part IX)
$341,595
Management and general expenses
$136,424
Fundraising expenses
$0
Program service expenses (Part III)
$341,595

Program services were 71.5% 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.

  • 9a · Gaming: gross income

    $8,588,715

  • 9b · Gaming: direct expenses

    $8,110,696

  • 9c · Net income from gaming

    total $478,019 · excluded $478,019

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $341,595 · program services $341,595

  • 11b · Fees: legal

    total $96,980 · management and general $96,980

  • 11c · Fees: accounting

    total $17,944 · management and general $17,944

  • 11d · Fees: lobbying

    total $18,383 · management and general $18,383

  • 11g · Fees: other

    total $3,117 · management and general $3,117

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $66,519 · end of year $22,515

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $6,003

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,001 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $28,518 · end of year $28,518

Mission and programs · 2023

Mission

TO ASSIST WITH THE CARE AND PROPER TREATMENT, AS REQUIRED, TO ENSURE THE HEALTH AND SAFETY OF RETIRED RACEHORSES, PROMOTING PUBLIC AWARENESS CONCERNING THE MISTREATMENT OF RETIRED THOROUGHBRED RACE HORSES, AND EDUCATING THE PUBLIC ABOUT AND SUPPORTING INITIATIVES ON PREVENTION OF THE MISTREATMENT OF RETIRED RACEHORSES.

  • IN COORDINATION WITH GULFSTREAM PARK, THE ORGANIZATION WORKS WITH ANIMAL AFTERCARE AND RETIREMENT PROGRAMS TO EVALUATE, RETRAIN, AND REHABILITATE THOROUGHBRED RACEHORSES ONCE THEY LEAVE THEIR RACING CAREER. MANY OF THESE HORSES WILL GO ON TO WORK IN VOCATIONAL AND LIFE SKILL PROGRAMS WITH CHILDREN, ADULTS AND SOME WITH MOUNTED POLICE FORCES AROUND THE WORLD.

    Expenses $341,595 · Grants $341,595

  • LICENSED BY THE STATE OF FLORIDA, GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM, INC., WITH A PERMIT TRANSFERRED UNDER FLORIDA STATUTE 550.3345, CONDUCTS RACING PROGRAMS FOR THOROUGHBRED RACEHORSES. THE ORGANIZATION FUNCTIONS AS AN AGENT TO THE PARI-MUTUEL POOL UNDER FLORIDA STATE LAW. NET INCOME WILL BE USED TO FURTHER THE MISSION OF THE CARE AND PROPER TREATMENT OF RETIRED RACEHORSES AND PROMOTION OF PUBLIC AWARENESS AND EDUCATION.

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

Listed in Part VII

  • William Badgett

    PRESIDENT/CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Sheri Holmes Stirling

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Joshua Adams

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Mike Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Fred Brei

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stacie Clark Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Burton Fernung

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Philip Matthews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lonny Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2023
Filed
1 October 2024
IRS schema version
2023v5.1
Source object
202442779349301454

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