West Virginia Thoroughbred Breeders Association Inc
- Assets
- $128.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charles Town, WV
- Founding
- 03/1983
- Data as of
- 12/2023
- EIN
- 31-1043972
Organization Overview
West Virginia Thoroughbred Breeders Association Inc is located in Charles Town, WV. The organization was established in 1983. According to its NTEE Classification (N69) the organization is classified as: Equestrian, 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. West Virginia Thoroughbred Breeders Association Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, West Virginia Thoroughbred Breeders Association Inc generated $85.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $95.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
WE PROVIDE OVERSIGHT & REGISTRATIONS FOR WV THOROUGHBRED BREEDING. WE PROMOTE & MAINTAIN THE INTEGRITY OF WV BREEDERS PROGRAMS TO BENEFIT THE STATE ECONOMY & THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Meehan Director | 1 | $0 | |
Leslie Cromer Director | 1 | $0 | |
John Funkhouser Director | 1 | $0 | |
Tim Collins Director | 1 | $0 | |
Karen Freer Director | 1 | $0 | |
Cynthia Mckee President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $67,360 |
| Investment income | $658 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $17,877 |
| Total Revenue | $85,895 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,762 |
| Professional fees and other payments to independent contractors | $24,000 |
| Occupancy, rent, utilities, and maintenance | $4,827 |
| Printing, publications, postage, and shipping | $4,638 |
| Other expenses | $39,697 |
| Total expenses | $95,924 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $128,343 |
| Other assets | $0 |
| Total assets | $128,343 |
| Total liabilities | $17,790 |
| Net assets or fund balances | $110,553 |