Iowa Harness Racing Association

Organization Overview

Iowa Harness Racing Association is located in Eagle Grove, IA. The organization was established in 2008. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. Iowa Harness Racing Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2022, Iowa Harness Racing Association generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Iowa Harness Racing Association has awarded 18 individual grants totaling $277,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT AND PROMOTE HARNESS HORSE RACING IN IOWA

Describe the Organization's Program Activity:

Part 3 - Line 4a

SPONSOR 35 HARNESS HORSE RACE MEETS IN IOWA


COLLEGE SCHOLARSHIPS FOR STUDENTS


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Board, Officers & Key Employees

Name (title)Compensation
John Terry
President
$300
Tom Johnston
Treasurer/director
$3,300
Earl Mckay Jr
Director
$300
Jim Johnson
Director
$0
Steven Roduiquez
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$2,041,981
Investment income $0
Tax Exempt Bond Proceeds $8,796
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 $2,050,777

Grants Awarded

Over the last fiscal year, Iowa Harness Racing Association has awarded $40,500 in support to 2 organizations.

Grant RecipientAmount

HUMBOLDT COUNTY AG SOCIETY

PURPOSE: REPAIRS

$21,000

KEOKUK COUNTY FAIR

PURPOSE: REPAIRS

$19,500
View Grant Profile

Peer Organizations

Organization NameAssets
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Missouri Valley Conference Inc
St Louis, MO
$12,999,386
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Sparta, IL
$6,036,269
Iowa Girls High School Athletic Union
West Des Moines, IA
$4,564,466
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Kansas City, MO
$3,353,508
National Archery In The Shools Program Inc
Waldo, WI
$4,456,990
United States Bowling Congress Inc
Watertown, WI
$2,330,077
Chicago Jets Hockey Club Inc
Chicago, IL
$2,278,366
Iowa Harness Racing Association
Eagle Grove, IA
$2,050,777
Iowa Soccer Association
West Des Moines, IA
$1,553,558
Ca2016 Local Organizing Committee Llc
Chicago, IL
$1,905
Newjets Inc
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$1,129,241
Iowa City Area Sports Commission
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$1,370,700
Grand Chess Tour
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The Forest Lake Athletic Association
Forest Lake, MN
$869,332
Illinois State Usbc
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$756,530
Wisconsin Trapshooting Association Inc
Burlington, WI
$833,407
Bowhunting Preservation Alliance Inc
New Ulm, MN
$783,791
Northernettes Synchronized Skating
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$704,908
United States Bowling Congress Inc
Roseville, MN
$693,579
Joplin Sports Authority Inc
Joplin, MO
$551,395
United States Bowling Congress Inc
Fort Dodge, IA
$674,706
Cellcom Green Bay Marathon
Green Bay, WI
$488,616
Blackhawk Ski Club
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$553,848
Ice Inc
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$5,064,784

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