Pennsylvania Division Horsemens
- Assets
- $19.2m
- Revenue
- $39.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Grantville, PA
- Founding
- 06/1989
- Data as of
- 06/2022
- EIN
- 25-1596369
Organization Overview
Pennsylvania Division Horsemens is located in Grantville, PA. The organization was established in 1989. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Pennsylvania Division Horsemens employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania Division Horsemens 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 06/2022, Pennsylvania Division Horsemens generated $39.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $39.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT THE INTERESTS OF BOTH HORSEMEN AND THE RACING INDUSTRY IN GENERAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROTECT THE INTERESTS OF HORSEMEN, THEIR EMPLOYEES, AND THOROUGHBRED HORSE RACING IN GENERAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Salvaggio Director | Trustee | 5 | $0 |
Flint Stites Director | Trustee | 5 | $0 |
Elizabeth Ricker Director | Trustee | 5 | $0 |
Brandon Kulp Director | Trustee | 5 | $0 |
Ken Russell Director | Trustee | 5 | $0 |
Sandee Martin President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,019,624 |
| 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 | $38,019,624 |
| Total Program Service Revenue | $1,513,676 |
| Investment income | $10,159 |
| 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 | $39,543,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,291 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $215,745 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,761 |
| Pension plan accruals and contributions | $19,869 |
| Other employee benefits | $28,660 |
| Payroll taxes | $31,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $430,409 |
| Fees for services: Accounting | $27,589 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $145,517 |
| Advertising and promotion | $95,365 |
| Office expenses | $48,881 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,974 |
| Travel | $32,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,750 |
| Interest | $0 |
| Payments to affiliates | $48,000 |
| Depreciation, depletion, and amortization | $33,655 |
| Insurance | $11,760 |
| All other expenses | $373,335 |
| Total functional expenses | $39,457,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,643,380 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,410,262 |
| 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 | $7,831 |
| Net Land, buildings, and equipment | $96,395 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,157,868 |
| Accounts payable and accrued expenses | $8,472,135 |
| Grants payable | $0 |
| Deferred revenue | $9,756,101 |
| 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 | $3,487 |
| Total liabilities | $18,231,723 |
| 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 | $926,145 |
| Total liabilities and net assets/fund balances | $19,157,868 |
Grants Awarded
Over the last fiscal year, Pennsylvania Division Horsemens has awarded $30,539 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RETIRED RACEHORSE PROJECT PURPOSE: CHARITABLE DONATION | $5,000 |
CENTRAL PENNSYLVANIA RACE TRACK CHAPLAINCY OF AMERICA PURPOSE: CHAPLAIN FUNDING | $20,539 |
CLOVIS CRANE PURPOSE: FIRE DISASTER RELIEF DONATION | $5,000 |