Form 990 for tax year 2023
Filed by FLORIDA HORSEMENS BENEVOLENT AND PROTECTIVE ASSOCIATION INC.
Totals
- Total revenue
- $1,354,424
- Total expenses
- $1,326,880
- Contributions and grants received
- $0
- Grants paid
- $400,000
- Program service revenue
- $1,506,114
- Investment income
- -$152,617
- Other revenue
- $927
- Total assets, end of year
- $2,950,541
- Total liabilities, end of year
- $46,709
- Net assets or fund balances, end of year
- $2,903,832
- Program services expenses (Part IX)
- $1,326,880
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
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: PURSE COMMISSIONS
total $1,506,114 · related or exempt $1,506,114
-
3 · Investment income
total $65,241 · excluded $65,241
-
7b · Less cost or other basis and sales expenses
securities $177,516 · other assets $40,342
-
7c · Gain or loss
securities -$177,516 · other assets -$40,342
-
7d · Net gain or loss
total -$217,858 · related or exempt -$217,858
-
11a · Other revenue: OTHER INCOME
total $927 · excluded $927
-
11e · Other revenue, total
$927
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $400,000 · program services $400,000
-
7 · Other salaries and wages
total $273,914 · program services $273,914
-
8 · Pension plan contributions
total $8,026 · program services $8,026
-
9 · Other employee benefits
total $42,321 · program services $42,321
-
10 · Payroll taxes
total $21,461 · program services $21,461
-
11b · Fees: legal
total $20,295 · program services $20,295
-
11c · Fees: accounting
total $48,325 · program services $48,325
-
11d · Fees: lobbying
total $261,500 · program services $261,500
-
11f · Fees: investment management
total $16,011 · program services $16,011
-
11g · Fees: other
total $89,111 · program services $89,111
-
12 · Advertising and promotion
total $125 · program services $125
-
13 · Office expenses
total $15,243 · program services $15,243
-
16 · Occupancy
total $6,990 · program services $6,990
-
17 · Travel
total $6,751 · program services $6,751
-
22 · Depreciation, depletion and amortization
total $5,201 · program services $5,201
-
23 · Insurance
total $12,969 · program services $12,969
-
24a · Other expenses: MEMBERSHIP FEES
total $22,500 · program services $22,500
-
24b · Other expenses: ELECTIONS
total $20,091 · program services $20,091
-
24c · Other expenses: COMPUTER & INTERNET
total $17,262 · program services $17,262
-
24d · Other expenses: TELEPHONE
total $11,169 · program services $11,169
-
24e · All other expenses
total $27,615 · program services $27,615
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $584,035 · end of year $277,242
-
4 · Accounts receivable
beginning of year $206,490 · end of year $191,651
-
9 · Prepaid expenses and deferred charges
beginning of year $910 · end of year $150,000
-
10a · Land, buildings and equipment: cost or other basis
$209,212
-
10b · Land, buildings and equipment: accumulated depreciation
$52,133
-
10c · Land, buildings and equipment, net
beginning of year $42,482 · end of year $157,079
-
11 · Investments: publicly traded securities
beginning of year $1,755,701 · end of year $2,174,569
-
17 · Accounts payable and accrued expenses
beginning of year $10,878 · end of year $46,709
-
31 · Retained earnings, endowment or other funds
beginning of year $2,578,740 · end of year $2,903,832
Mission and programs · 2023
Mission
THE ASSOCIATION REPRESENTS THE INTERESTS OF SEVERAL THOUSAND THOROUGHBRED HORSE OWNERS AND TRAINERS WHO DO BUSINESS IN SOUTH FLORIDA. THE ASSOCIATION WORKS TO FOSTER AND PROMOTE THEIR RELATIONSHIPS WITH TRACKS, COMMUNITY AND GOVERNMENT, WHILE CREATING A BETTER ECONOMIC CLIMATE IN WHICH OUR HORSEMAN CAN DO BUSINESS.
-
THE ASSOCIATION REPRESENTS THE INTERESTS OF SEVERAL THOUSAND THOROUGHBRED HORSE OWNERS AND TRAINERS WHO DO BUSINESS IN SOUTH FLORIDA. THE ASSOCIATION WORKS TO FOSTER AND PROMOTE THEIR RELATIONSHIPS WITH TRACKS, COMMUNITY AND GOVERNMENT, WHILE CREATING A BETTER ECONOMIC CLIMATE IN WHICH OUR HORSEMAN CAN DO BUSINESS.
-
.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Andy BelfioreANDY BELFIORE
EXECUTIVE DI
- Total calculated
- $164,854
- From this org
- $142,599
- From related orgs
- $0
- Other
- $22,255
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $142,599
- Bonus
- not reported
- Other
- not reported
- Deferred
- $4,600
- Nontaxable benefits
- $17,655
- Filer's total
- $164,854
-
Gerardo AmadoGERARDO AMADO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick BianconePATRICK BIANCONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chester BishopCHESTER BISHOP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom CannellTOM CANNELL
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Brian CohenBRIAN COHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy DaveyKATHY DAVEY
1ST VICE PRE
- Total calculated
- $0
- Hours/week
- 2
-
David FawkesDAVID FAWKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jon GreenJON GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adam LazarusADAM LAZARUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe OrsenoJOE ORSENO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Teresa PalmerTERESA PALMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Terri PompayTERRI POMPAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David RoussoDAVID ROUSSO
2ND VICE PR
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey SiskinJEFFREY SISKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ron SpatzRON SPATZ
DIRECTOR
- 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. 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
None.
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
-
FLORIDA HORSEMEN'S CHARIABLE FOUND
$400,000
BENEVOLENCE&AFTERCAR
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
FLORIDA HORSEMEN'S CHARITABLE FOUND
501C3 · BENEV. · FL · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 February 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431849349301033
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