North Dakota Quarter Horse Racing Association
- Assets
- $251.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 45-0432563
Organization Overview
North Dakota Quarter Horse Racing Association is located in Bismarck, ND. The organization was established in 2008. According to its NTEE Classification (D99) the organization is classified as: Animal-Related N.E.C., under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Dakota Quarter Horse Racing Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, North Dakota Quarter Horse Racing Association generated $155.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $130.9k during the year ending 12/2022. While expenses have increased by 10.4% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE THE GROWTH OF RACING IN NORTH DAKOTA AND CONTINUE TO IMPROVE AND PROTECT THE INTERESTS OF RACING BREEDERS, TRAINERS AND EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon Glasser President | 5 | $0 | |
John Bubel Director | 0.5 | $0 | |
Sharlene Reuer Director | 0.5 | $0 | |
Douglas Plummer Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,574 |
| Total Program Service Revenue | $74,455 |
| Membership dues | $1,250 |
| Investment income | $445 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $16,100 |
| Other Revenue | $0 |
| Total Revenue | $155,824 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,175 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $128,741 |
| Total expenses | $130,916 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $251,265 |
| Other assets | $0 |
| Total assets | $251,265 |
| Total liabilities | $0 |
| Net assets or fund balances | $251,265 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Cutting Horse Association Hysham, MT | $133,253 | $749,866 |
Minn-Kota Paaws People Advocating Animal Welfare Services Fargo, ND | $457,638 | $559,858 |
Fur Ever Home Inc Zimmerman, MN | $590,174 | $382,459 |
Friends Of The Shelter Tobacco Valley Animal Shelter Inc Eureka, MT | $290,761 | $220,001 |
Predator Healing Project Inc Kalispell, MT | $35,184 | $212,557 |
North Dakota Quarter Horse Racing Association Bismarck, ND | $251,265 | $0 |
Angel Horses Inc Billings, MT | $583,117 | $73,956 |
Bowman Second Chance Thoroughbred Adoption Minnetonka, MN | $82,678 | $0 |
Sustainable Vets International Inc Dickinson, ND | $229,294 | $105,744 |
Sweetwater Shih Tzu Mayer, MN | $12,914 | $0 |
Greater Twin Cities Golden Retriever Club Inc Farmington, MN | $48,163 | $0 |
Valor Equine Therapy Service Inc Kalispell, MT | $39,263 | $0 |