Form 990 for tax year 2023
Filed by PENNSYLVANIA HORSE BREEDERS ASSOCIATION INC.
Totals
- Total revenue
- $1,456,628
- Total expenses
- $1,480,887
- Contributions and grants received
- $39,625
- Grants paid
- $85,500
- Program service revenue
- $1,399,120
- Investment income
- $2,078
- Other revenue
- $15,805
- Total assets, end of year
- $765,532
- Total liabilities, end of year
- $83,696
- Net assets or fund balances, end of year
- $681,836
- 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.
-
1b · Membership dues
$39,625
-
2a · Program service revenue: FEES FROM GOV'T AGENCY
total $1,222,775 · related or exempt $1,222,775
-
2b · Program service revenue: REGISTRATION SURCHARGE
total $97,125 · related or exempt $97,125
-
2c · Program service revenue: PA RACE DAY REIMBURSEM
total $50,220 · related or exempt $50,220
-
2d · Program service revenue: PA SIRE/STALLION NOMIN
total $29,000 · related or exempt $29,000
-
3 · Investment income
total $2,078 · excluded $2,078
-
8a · Fundraising events: gross income
$3,632
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $3,632 · excluded $3,632
-
11a · Other revenue: ADVERTISING
total $6,775 · unrelated business $6,775
-
11b · Other revenue: IROQUOIS BANQUET
total $5,200 · related or exempt $5,200
-
11c · Other revenue: MISCELLANEOUS
total $198 · related or exempt $198
-
11e · Other revenue, total
$12,173
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $85,500
-
5 · Compensation of officers, directors and key employees
total $325,039
-
7 · Other salaries and wages
total $176,550
-
8 · Pension plan contributions
total $14,070
-
9 · Other employee benefits
total $60,045
-
10 · Payroll taxes
total $34,258
-
11a · Fees: management
total $72,030
-
11b · Fees: legal
total $3,448
-
11c · Fees: accounting
total $27,250
-
11g · Fees: other
total $3,731
-
12 · Advertising and promotion
total $213,650
-
13 · Office expenses
total $30,938
-
16 · Occupancy
total $52,224
-
17 · Travel
total $26,117
-
19 · Conferences, conventions and meetings
total $3,505
-
23 · Insurance
total $7,054
-
24a · Other expenses: UNRELATED BUSINESS INCO
total $857
-
24b · Other expenses: STATE MARKETING FUND EX
total $101,169
-
24c · Other expenses: PA RACE DAY PROMOTIONAL
total $50,220
-
24d · Other expenses: PA SIRED/STALLION SERIE
total $50,000
-
24e · All other expenses
total $143,232
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $243,295 · end of year $254,864
-
4 · Accounts receivable
beginning of year $419,136 · end of year $420,125
-
9 · Prepaid expenses and deferred charges
beginning of year $74,139 · end of year $89,813
-
10a · Land, buildings and equipment: cost or other basis
$80,941
-
10b · Land, buildings and equipment: accumulated depreciation
$80,911
-
10c · Land, buildings and equipment, net
beginning of year $30 · end of year $30
-
15 · Other assets
beginning of year $700 · end of year $700
-
17 · Accounts payable and accrued expenses
beginning of year $31,205 · end of year $74,996
-
19 · Deferred revenue
end of year $8,700
-
27 · Net assets without donor restrictions
beginning of year $685,595 · end of year $665,036
-
28 · Net assets with donor restrictions
beginning of year $20,500 · end of year $16,800
Mission and programs · 2023
Mission
PENNSYLVANIA HORSE BREEDERS' ASSOCIATION WAS FOUNDED IN 1948 CREATED TO A)REPRESENT BREEDERS OF THOROUGHBRED HORSES IN PENNSYLVANIA, B) ASSIST MEMBERS IN THE IMPROVEMENT OF THOROUGHBRED BREEDING, C) TO ACCUMULATE, PROCESS AND MAINTAIN NECESSARY STATISTICAL INFORMATION RELATIVE TO BREEDING AND RACING PERFORMANCE OF PA BRED THOROUGHBRED HORSES, D) DEVELOP, ADMINISTER, AND PROMOTE PA BREEDING FUND PROGRAM, E) PROVIDE FACILITIES THROUGH WHICH BREEDERS MAY ACT TOGETHER TO PROMOTE THE THOROUGHBRED INDUSTRY AND F) TO MAINTAIN REGULAR LIASON WITH LOCAL, STATE AND NATIONAL GROUPS AND ORGANIZATIONS INVOLVED IN THOROUGHBRED RACING AND BREEDING.
Activities or mission (Part I)
PROMOTION AND DEVELOPMENT OF PA RACING COMMISSION BREEDING PROGRAM
-
PROMOTION AND DEVELOPMENT OF PA RACING COMMISSION BREEDING PROGRAM
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Gregory C Newell PEGREGORY C NEWELL PE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Douglas BlackDOUGLAS BLACK
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Deanna Manfredi PhDDEANNA MANFREDI PHD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Katherine A Rightmyer O'BrienKATHERINE A RIGHTMYER O'BRIEN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Betsy BarrBETSY BARR
MEMBER-BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
Michael Chovanes VmdMICHAEL CHOVANES VMD
MEMBER-BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
Peter Giangiulio EsqPETER GIANGIULIO ESQ
MEMBER-BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
Kate GoldenbergKATE GOLDENBERG
MEMBER-BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
Bob GrahamBOB GRAHAM
MEMBER-BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
Justine HowellJUSTINE HOWELL
MEMBER-BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
Roger E Legg EsqROGER E LEGG ESQ
MEMBER-BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth MerrymanELIZABETH MERRYMAN
MEMBER-BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
Brian C SchartzBRIAN C SCHARTZ
MEMBER-BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
Roberta L Schneider MDROBERTA L SCHNEIDER MD
MEMBER-BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
Richard SimoffRICHARD SIMOFF
MEMBER-BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
Vince Tucciarone SrVINCE TUCCIARONE SR
MEMBER-BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
Brian N SanfratelloBRIAN N SANFRATELLO
EXECUTIVE SECRETARY
- Total calculated
- $201,917
- From this org
- $162,000
- From related orgs
- $0
- Other
- $39,917
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,000
- Bonus
- $0
- Other
- $0
- Deferred
- $32,400
- Nontaxable benefits
- $7,517
- Filer's total
- $201,917
-
Vicky ShoweVICKY SHOWE
ASSISTANT EXECUTIVE SECRET
- Total calculated
- $123,122
- From this org
- $98,700
- From related orgs
- $0
- Other
- $24,422
- Hours/week
- 40
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 · 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
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
-
$15,000
ASSURE RETIRED RACE HORSES HAVE A SAFE FUTURE AND A NEW CAREER
-
$15,000
SUPPORT PROGRAM FOR RE-HOMING OF RETIRED RACE HORSES
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403129349303395
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