Michigan Harness Horsemans Assn
- Assets
- $1.3m
- Revenue
- $248.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 02/1949
- Data as of
- 09/2021
- EIN
- 38-6116553
Organization Overview
Michigan Harness Horsemans Assn is located in Lansing, MI. The organization was established in 1949. 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. Michigan Harness Horsemans Assn 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 09/2021, Michigan Harness Horsemans Assn generated $248.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $259.5k during the year ending 09/2021. While expenses have increased by 6.4% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND IMPROVE MICHIGAN HARNESS HORSEMEN'S INTERESTS IN THE STATE OF MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLT STAKE RACES: TO PROMOTE HARNESS RACING AT COUNTY FAIRS NOMINATING & SUSTAINING PAYMENTS ARE COLLECTED & PAID TO OWNERS, BREEDERS & TRAINERS OF WIN, PLACE & SHOW HORSES. 64 RACES RUN PER YEAR.
FUTURITY RACES: NOMINATING AND SUSTAINING PAYMENTS ARE COLLECTED FOR FUTURE RACES. PURSES ARE PAID TO THE OWNERS, BREEDERS & TRAINERS OF WIN, PLACE & SHOW HORSES. 24 RACES RUN PER YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Taylor Director | OfficerTrustee | 3 | $0 |
Teresa Marotta Secretary | OfficerTrustee | 3 | $0 |
Kelly Goodwin Vice President | OfficerTrustee | 3 | $0 |
Crystal Serra Treasurer | OfficerTrustee | 3 | $0 |
Tom Barrett President | OfficerTrustee | 3 | $0 |
Greg West Director | Trustee | 3 | $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 | $247,586 |
| Investment income | $49 |
| 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 | $248,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $59,000 |
| Fees for services: Legal | $3,274 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $20,286 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,751 |
| Advertising and promotion | $6,964 |
| Office expenses | $4,010 |
| Information technology | $1,400 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $12,545 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,164 |
| All other expenses | $1,271 |
| Total functional expenses | $259,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $1,279,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250 |
| 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 | $1,777 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,812 |
| Total assets | $1,288,908 |
| Accounts payable and accrued expenses | $46,371 |
| Grants payable | $0 |
| Deferred revenue | $48,233 |
| 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 | $1,025,396 |
| Total liabilities | $1,120,000 |
| Net assets without donor restrictions | $168,908 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,288,908 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Harness Horsemens Assn Grove City, OH | $76,103,227 | $69,500,596 |
Horsemens Benevolent & Protective Assoc Inc Ohio Division Grove City, OH | $13,638,374 | $9,989,300 |
Interscholastic Equestrian Association Inc Chagrin Falls, OH | $1,821,708 | $2,864,631 |
Trinity Equestrian Center Kids Kamp Inc Eau Claire, WI | $520,344 | $2,050,754 |
Pegasus Farm Hartville, OH | $3,046,238 | $1,440,332 |
Stone Valleys Ray Of Hope Mancelona, MI | $67,948 | $816,304 |
Michigan Quarter Horse Assoc Greenville, MI | $499,038 | $780,203 |
Marmon Valley Ministries Inc Zanesfield, OH | $233,831 | $704,511 |
Therapeutic Riding Institute Inc Spring Valley, OH | $1,532,691 | $586,800 |
Pony Of The Americas Club Inc Indianapolis, IN | $520,703 | $624,114 |
Special Methods In Learning Equine Skills Inc Darien, WI | $1,040,733 | $483,328 |
Therapeutic Riding Inc Ann Arbor, MI | $2,715,525 | $566,594 |