Louisiana Quarter Horse Breeders Association
- Assets
- $11.4m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Alexandria, LA
- Founding
- 01/1983
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Louisiana Quarter Horse Breeders Association generated $7.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $6.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 8 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
2022
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 |
|---|---|---|---|
Kirt Chaisson President | OfficerTrustee | $0 | |
Larry Findley 1st VP | OfficerTrustee | $0 | |
Jerone Bellard 2nd VP | OfficerTrustee | $0 | |
Riley Blanchet Secretary | OfficerTrustee | $0 | |
Karen Falgoust Board Member | Trustee | $0 | |
D Michael Hayes Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,280 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,146,539 |
| 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 | $2,182,819 |
| Total Program Service Revenue | $1,891,388 |
| Investment income | -$251,319 |
| 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 | $7,125,891 |
| 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 | $324,787 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,849 |
| Payroll taxes | $24,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,150 |
| Fees for services: Accounting | $37,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $125,279 |
| Office expenses | $27,096 |
| Information technology | $52,166 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,639 |
| 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 | $18,296 |
| Insurance | $12,698 |
| All other expenses | $321,071 |
| Total functional expenses | $6,840,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,164,598 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,300 |
| 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 | $211,280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,929 |
| Total assets | $11,422,107 |
| Accounts payable and accrued expenses | $15,918 |
| Grants payable | $0 |
| Deferred revenue | $12,393 |
| 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 | $1,102,350 |
| Total liabilities | $1,130,661 |
| Net assets without donor restrictions | $1,537,473 |
| Net assets with donor restrictions | $8,753,973 |
| 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 | $11,422,107 |