Form 990 for tax year 2022
Filed by HORSERACING INTEGRITY AND SAFETY AUTHORITY INC.
Totals
- Total revenue
- $12,323,223
- Total expenses
- $12,942,697
- Contributions and grants received
- $216
- Grants paid
- $0
- Program service revenue
- $11,966,090
- Investment income
- $8
- Other revenue
- $356,909
- Total assets, end of year
- $5,472,847
- Total liabilities, end of year
- $8,751,713
- Net assets or fund balances, end of year
- -$3,278,866
- 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.
-
1f · All other contributions, gifts and grants
$216
-
1g · Noncash contributions included above
$216
-
2a · Program service revenue: STATE RACETRACK FEES
total $11,805,087 · related or exempt $11,805,087
-
2b · Program service revenue: FINES INCOME
total $161,003 · related or exempt $161,003
-
3 · Investment income
total $8 · excluded $8
-
11a · Other revenue: GENERAL OPERATIONS
total $356,909 · related or exempt $356,909
-
11e · Other revenue, total
$356,909
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $652,341
-
7 · Other salaries and wages
total $471,038
-
9 · Other employee benefits
total $12,074
-
10 · Payroll taxes
total $87,942
-
11b · Fees: legal
total $3,781,875
-
11c · Fees: accounting
total $64,329
-
11g · Fees: other
total $5,897,937
-
12 · Advertising and promotion
total $347,289
-
13 · Office expenses
total $7,654
-
14 · Information technology
total $1,129,533
-
16 · Occupancy
total $1,567
-
17 · Travel
total $137,888
-
19 · Conferences, conventions and meetings
total $8,296
-
20 · Interest
total $265,600
-
23 · Insurance
total $31,677
-
24a · Other expenses: SUPPLIES
total $20,649
-
24b · Other expenses: MEMBERSHIPS & SUBSCRIPT
total $15,289
-
24c · Other expenses: PAYROLL FEES
total $4,035
-
24d · Other expenses: BANK & CREDIT CARD FEES
total $1,690
-
24e · All other expenses
total $3,994
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $326,740 · end of year $2,824,934
-
2 · Savings and temporary cash investments
beginning of year $504,945 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $2,638,454
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $8,459
-
15 · Other assets
beginning of year $0 · end of year $1,000
-
17 · Accounts payable and accrued expenses
beginning of year $550,318 · end of year $3,601,713
-
23 · Secured mortgages and notes payable
beginning of year $2,940,759 · end of year $5,150,000
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year -$2,659,392 · end of year -$3,278,866
Mission and programs · 2022
Mission
TO DEVELOP AND IMPLEMENT A HORSERACING ANTI-DOPING AND MEDICATION CONTROL PROGRAM AND A RACETRACK SAFETY PROGRAM FOR COVERED HORSES, COVERED PERSONS, AND COVERED HORSERACES.
-
THE HORSERACING INTEGRITY AND SAFETY ACT RECOGNIZED THE HORSERACING INTEGRITY AND SAFETY AUTHORITY ("HISA") , WHICH IS OVERSEEN BY THE FEDERAL TRADE COMMISSION, FOR PURPOSES OF DEVELOPING AND IMPLEMENTING A HORSERACING ANTI-DOPING AND MEDICATION CONTROL PROGRAM AND A RACETRACK SAFETY PROGRAM FOR COVERED HORSES, COVERED PERSONS, AND COVERED HORSERACES. HISA'S RACETRACK SAFETY PROGRAM WENT INTO EFFECT ON JULY 1, 2022 AND THE ANTI-DOPING AND MEDICATION CONTROL PROGRAM WENT INTO EFFECT ON MAY 22, 2023.
As filed on the 2022 return.
Listed in Part VII
-
Charles ScheelerCHARLES SCHEELER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Steve BeshearSTEVE BESHEAR
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Leonard ColemanLEONARD COLEMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ellen McClainELLEN MCCLAIN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Adolpho BirchADOLPHO BIRCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph De FrancisJOSEPH DE FRANCIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan StoverSUSAN STOVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill ThomasonBILL THOMASON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dg Van CliefDG VAN CLIEF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa LazarusLISA LAZARUS
CEO
- Total calculated
- $448,076
- From this org
- $442,307
- From related orgs
- $0
- Other
- $5,769
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $442,307
- Bonus
- $0
- Other
- $0
- Deferred
- $5,769
- Nontaxable benefits
- $0
- Filer's total
- $448,076
-
Jim GatesJIM GATES
CFO
- Total calculated
- $204,264
- From this org
- $190,185
- From related orgs
- $0
- Other
- $14,079
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $190,185
- Bonus
- $0
- Other
- $0
- Deferred
- $4,979
- Nontaxable benefits
- $9,100
- Filer's total
- $204,264
-
Ann McGovernANN MCGOVERN
DIRECTOR OF RACETRACK SAFETY
- Total calculated
- $167,800
- From this org
- $164,477
- From related orgs
- $0
- Other
- $3,323
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $164,477
- Bonus
- $0
- Other
- $0
- Deferred
- $3,323
- Nontaxable benefits
- $0
- Filer's total
- $167,800
-
Hank ZeitlinHANK ZEITLIN
FORMER INTERIM CEO/CONSULTANT
- Total calculated
- $314,827
- From this org
- $314,827
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $314,827
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $314,827
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 · 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
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332219349300838
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.