National Hbpa Inc

Organization Overview

National Hbpa Inc is located in New Orleans, LA. The organization was established in 1992. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, National Hbpa Inc employed 34 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. National Hbpa Inc 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 12/2022, National Hbpa Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 0.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

ORGANIZATION PROVIDES BOOKKEEPER SERVICES RELATED TO COLLECTION OF RACE TRACK WINNINGS AND DISBURSEMENT OF THOSE WINNINGS TO THE MEMBER HORSEMEN AT THOROUGHBRED RACETRACKS IN LOUISIANA.


ORGANIZATION PROVIDES COLLECTION AND PAYMENT OF PREMIUMS AND ADMINISTRATION OF WORKER COMPENSATION FOR MEMBER HORSEMEN, OWNERS AND RACETRACK PERSONNEL.


ORGANIZATION MEDIATES ON BEHALF OF MEMBER HORSEMEN WHEN PROBLEMS ARISE WITH TRACK MANAGEMENT OR STATE RACING COMMISSIONS AND NEGOTIATES FAIR DISTRIBUTIONS AT TRACKS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Courson Nickle
Lobbying Services
$160,000
Jones Walker
Legal Services
$149,452
Incompass
Financial Services
$105,913
Aj Gallagher Risk Management
Insurance Payment
$148,061
View All Vendors

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$2,639,739
Investment income $166,438
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$38,961
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,819,654

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