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Nonprofiteer
← NATIONAL HBPA INC

Form 990 for tax year 2024

Filed by NATIONAL HBPA INC.

Totals

Total revenue
$501,281
Total expenses
$468,260
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$384,183
Investment income
$62,746
Other revenue
$54,352
Total assets, end of year
$482,045
Total liabilities, end of year
$44,515
Net assets or fund balances, end of year
$437,530
Program services expenses (Part IX)
$468,260
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$468,260

Program services were 100.0% 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: HORSEMENS PURSE MONEY

    total $230,367 · related or exempt $230,367

  • 2b · Program service revenue: HORSEMENS BOOKKEEPING

    total $87,000 · related or exempt $87,000

  • 2c · Program service revenue: START FEES

    total $40,416 · related or exempt $40,416

  • 2d · Program service revenue: HORSE EXCERCISER TICKE

    total $26,400 · related or exempt $26,400

  • 3 · Investment income

    total $62,746 · unrelated business $62,746

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $561,257

  • 10b · Cost of goods sold

    $558,411

  • 10c · Net income from sales of inventory

    total $2,846 · related or exempt $2,846

  • 11a · Other revenue: MISC REVENUE

    total $51,506 · related or exempt $51,506

  • 11e · Other revenue, total

    $51,506

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $34,376 · program services $34,376

  • 5 · Compensation of officers, directors and key employees

    total $138,603 · program services $138,603

  • 7 · Other salaries and wages

    total $109,684 · program services $109,684

  • 11c · Fees: accounting

    total $13,000 · program services $13,000

  • 11d · Fees: lobbying

    total $24,778 · program services $24,778

  • 11g · Fees: other

    total $12,900 · program services $12,900

  • 12 · Advertising and promotion

    total $16,422 · program services $16,422

  • 22 · Depreciation, depletion and amortization

    total $6,853 · program services $6,853

  • 23 · Insurance

    total $18,454 · program services $18,454

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $25,794 · program services $25,794

  • 24b · Other expenses: DUES NATIONAL HBPA

    total $10,500 · program services $10,500

  • 24c · Other expenses: MEALS AND ENTERTAINMENT

    total $22,489 · program services $22,489

  • 24d · Other expenses: OTHER

    total $34,407 · program services $34,407

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $274,623 · end of year $255,840

  • 2 · Savings and temporary cash investments

    beginning of year $100,907 · end of year $154,290

  • 4 · Accounts receivable

    beginning of year $24,853 · end of year $24,415

  • 8 · Inventories for sale or use

    beginning of year $29,762 · end of year $30,348

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,857 · end of year $10,299

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

    $395,421

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

    $388,568

  • 10c · Land, buildings and equipment, net

    beginning of year $13,707 · end of year $6,853

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,200 · end of year $44,515

  • 27 · Net assets without donor restrictions

    beginning of year $404,509 · end of year $437,530

Mission and programs · 2024

Mission

ADMINISTRATION OF HORSEMENS ASSOCIATION FOR THE FINGER LAKES RACETRACK

  • ADMINISTRATION OF HORSEMENS ASSOCIATON AND HORSEMENS BOOKKEEPER ACCOUNT

    Expenses $468,260 · Revenue $438,535

As filed on the 2024 return.

Listed in Part VII

  • Austin Reed

    EXECUTIVE DIRECTOR

    Total calculated
    $138,603
    From this org
    $138,603
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Edward Babcock

    Total calculated
    $0
    Hours/week
    1

  • Jon Buckley

    Total calculated
    $0
    Hours/week
    1

  • Rachel Sells

    Total calculated
    $0
    Hours/week
    1

  • Keith Oneill

    Total calculated
    $0
    Hours/week
    1

  • Paul Barrow

    Total calculated
    $0
    Hours/week
    1

  • Wanda Polisseni

    Total calculated
    $0
    Hours/week
    1

  • Chris Garrie

    Total calculated
    $0
    Hours/week
    1

  • Mark Wipperman

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Babcock

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Hendy

    VICE PRESIDENT

    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.

Provenance

Return type
form_990
Tax year
2024
Filed
21 May 2025
IRS schema version
2024v5.2
Source object
202502239349302060

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