Long Island Professional Horsemens Association Inc
- Assets
- $443.3k
- Revenue
- $52.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Sound Beach, NY
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 11-3039934
Organization Overview
Long Island Professional Horsemens Association Inc is located in Sound Beach, NY. The organization was established in 1992. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Island Professional Horsemens Association Inc is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, Long Island Professional Horsemens Association Inc generated $52.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $24.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL ACTIVITIES AND SUPPORT FOR ITS HORSEMEN MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED EDUCATIONAL PROGRAMS AND HELD A HORSE SHOW IN LINE WITH THE ORGANIZATION'S MISSION TO AID IN THE PROTECTION, CARE, TRAINING AND USE OF HORSES AND TO FOSTER AND PROMOTE INTEREST IN THE HORSE INDUSTRY. AN INSTRUCTIONAL CLINIC WAS HELD FOR AND EDUCATIONAL SCHOLARSHIPS WERE GIVEN TO JUNIOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harriet Deleyer Vice President | Trustee | 5 | $0 |
Bruce Smith Vice President | Trustee | 5 | $0 |
Stephanie Proffe President | Trustee | 5 | $0 |
Ann Mcglinchey Secretary | Trustee | 5 | $0 |
Carol Hurnyak Treasurer | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,799 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,799 |
| Total Program Service Revenue | $531 |
| Investment income | $10,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,590 |
| Net Income from Fundraising Events | $14,661 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $16,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $658 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,223 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $402,408 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,710 |
| Total assets | $443,341 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $443,341 |
| Total liabilities and net assets/fund balances | $443,341 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Professional Golfers Association Of America-New Jersey Section Bedminster, NJ | $1,105,126 | $2,393,567 |
Tri-State Section Of The Professional Golfers Association Moon Township, PA | $1,087,526 | $1,621,148 |
Lombard Swim Association Inc Philadelphia, PA | $3,099,321 | $1,649,566 |
New York Section American Camping Association Inc New York, NY | $4,053,513 | $872,911 |
Marthas Vineyard Camp Meeting Association Oak Bluffs, MA | $6,369,423 | $1,439,990 |
Central New York Pga Inc Jamesville, NY | $732,960 | $812,096 |
West Hartford All Sports Council Inc West Hartford, CT | $630,962 | $756,980 |
American Camping Association Inc New England Section Lexington, MA | $2,454,791 | $1,000,388 |
Northern Lehigh Playground Assoc Slatington, PA | $0 | $2,063 |
Western New York Professional Golfers Association Inc East Amherst, NY | $721,844 | $703,131 |
Blue Ridge Sportsmens Assoc Inc Fairfield, PA | $518,329 | $581,688 |