California Thoroughbred Business League

Organization Overview

California Thoroughbred Business League is located in Pleasanton, CA. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Thoroughbred Business League is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2022, California Thoroughbred Business League generated $6.3m 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 (4.1%) each year. All expenses for the organization totaled $5.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ASSIST CALIFORNIA THOROUGHBRED HORSE RACING INDUSTRY WITH WORKERS COMPENSATION PROGRAM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENTS FOR WORKERS COMPENSATION INSURANCE PURSUANT TO CALIFORNIA BUSINESS & PROFESSIONS CODE SECTION 19605.75.


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Board, Officers & Key Employees

Name (title)Compensation
William Nadar
Chair
$0
Joe Hasson
Treasurer
$0
Alan Balch
Secretary
$0
Doug Burge
Director
$0
Larry Swartzlander
Director
$0
Michael Lyon
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
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$0
Total Program Service Revenue$6,336,280
Investment income $8,600
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,344,880

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