Racing Officials Accreditationprogram Inc
- Assets
- $121.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 20-4137857
Organization Overview
Racing Officials Accreditationprogram Inc is located in Lexington, KY. The organization was established in 2006. 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. Racing Officials Accreditationprogram Inc 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 12/2021, Racing Officials Accreditationprogram Inc generated $57.8k 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 (3.6%) each year. All expenses for the organization totaled $83.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Davis Secretary | 0.4 | $0 | |
Remi Bellocq Director | 0.4 | $0 | |
Hugh Gallagher Director | 0.4 | $0 | |
Ben Huffman Director | 0.4 | $0 | |
David Loregnard Director | 0.4 | $0 | |
Andrew Schweigardt Director | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,471 |
| Total Program Service Revenue | $3,272 |
| Membership dues | $0 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $57,759 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,563 |
| Professional fees and other payments to independent contractors | $25,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,653 |
| Other expenses | $16,917 |
| Total expenses | $83,633 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $121,063 |
| Other assets | $0 |
| Total assets | $121,063 |
| Total liabilities | $0 |
| Net assets or fund balances | $121,063 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Racing Officials Accreditationprogram Inc has recieved totaling $32,500.
| Awarding Organization | Amount |
|---|---|
Jockey Club New York, NY PURPOSE: General Support | $25,000 |
Oak Tree Charitable Foundation Arcadia, CA PURPOSE: IMPROVING HORSE HEALTH AND WELL BEING | $5,000 |
Oak Tree Charitable Foundation Arcadia, CA PURPOSE: IMPROVING HORSE HEALTH AND WELL BEING | $2,500 |
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