Louisiana Quarter Horse Breeders Association
- Assets
- $11.0m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Alexandria, LA
- Founding
- 01/1983
- Data as of
- 12/2021
- EIN
- 72-0741816
Organization Overview
Louisiana Quarter Horse Breeders Association is located in Alexandria, LA. The organization was established in 1983. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Louisiana Quarter Horse Breeders Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Quarter Horse Breeders Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Louisiana Quarter Horse Breeders Association generated $7.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $6.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FACILITATE QUARTERHORSE BREEDING/PROVIDE ECONOMIC AND EDUCATIONAL VALUE TO QUARTERHORSE OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESCROW FUNDS FOR RACE TRACKS AND VIDEO POKER TAX
ECONOMIC AND EDUCATIONAL VALUE TO HORSE OWNERS WELFARE IN BREEDING OF QUARTER HORSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerone Bellard 2nd VP | OfficerTrustee | $0 | |
Riley Blanchet Secretary | OfficerTrustee | $0 | |
Kirt Chaisson President | OfficerTrustee | $0 | |
Larry Findley 1st VP | OfficerTrustee | $0 | |
Karen Falgoust Board Member | Trustee | $0 | |
Lyle Guillory Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $46,930 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,165,739 |
| 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 | $2,212,669 |
| Total Program Service Revenue | $1,928,427 |
| Investment income | -$33,324 |
| 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 | $7,601,612 |
| 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 | $375,096 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,540 |
| Payroll taxes | $26,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,000 |
| Fees for services: Accounting | $37,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $102,844 |
| Office expenses | $21,229 |
| Information technology | $39,727 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,801 |
| Insurance | $12,411 |
| All other expenses | $252,813 |
| Total functional expenses | $6,366,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,706,928 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81 |
| 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 | $0 |
| Net Land, buildings, and equipment | $229,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,413 |
| Total assets | $10,986,998 |
| Accounts payable and accrued expenses | $1,950 |
| Grants payable | $0 |
| Deferred revenue | $14,279 |
| 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 | $964,607 |
| Total liabilities | $980,836 |
| 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 | $10,006,162 |
| Total liabilities and net assets/fund balances | $10,986,998 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Farm Bureau Waco, TX | $1,072,770,797 | $25,839,501 |
Arkansas Farm Bureau Federation Little Rock, AR | $66,846,371 | $16,311,552 |
Farm Bureau Federation Mississippi Jackson, MS | $25,935,364 | $15,464,290 |
Textile Exchange Lamesa, TX | $12,297,668 | $16,219,596 |
National Reined Cow Horse Association Pilot Point, TX | $5,326,422 | $10,193,097 |
Southern United States Trade Association Susta New Orleans, LA | $3,093,143 | $7,251,421 |
Louisiana Farm Bureau Federation Inc Baton Rouge, LA | $75,119,133 | $8,594,309 |
Mclennan County Fair Inc Waco, TX | $8,076,032 | $10,500,101 |
Agricultural Development Fund Fort Worth, TX | $1,257,000 | $6,712,594 |
Louisiana Quarter Horse Breeders Association Alexandria, LA | $10,986,998 | $7,601,612 |
National Finance Credit Corp Of Tx Fort Worth, TX | $196,184,500 | $9,101,860 |
Texas Quarter Horse Association Elgin, TX | $5,419,371 | $4,846,350 |