National Hbpa Inc
- Assets
- $3.8m
- Revenue
- $3.4m
- Investments
- $82.6k
- Employees
- 33
- Location
- New Orleans, LA
- Founding
- 10/1992
- Data as of
- 12/2021
- EIN
- 72-1126371
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 12/2021, National Hbpa Inc employed 33 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 12/2021, National Hbpa Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 7 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
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin J Fenasci Executive Director | Officer | 12.4 | $141,325 |
Benard K Chatters Chairman / President | OfficerTrustee | 1 | $0 |
Charlotte Stemmans Clavier Vice President | OfficerTrustee | 1 | $0 |
Keith Hernandez Director | Trustee | 1 | $0 |
John Duvieilh Legal Council | Trustee | 1 | $0 |
Edward Johnston Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Courson Nickle Lobbying Services | 12/30/21 | $160,000 |
Jones Walker Legal Services | 12/30/21 | $128,508 |
Aj Gallagher Risk Management Insurance Payment | 12/30/21 | $114,638 |
Incompass Financial Services | 12/30/21 | $102,354 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $608,667 |
| 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 | $608,667 |
| Total Program Service Revenue | $2,691,268 |
| Investment income | $135,228 |
| 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 | $3,435,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,750 |
| 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. | $141,325 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,358,902 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $120,040 |
| Payroll taxes | $118,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,911 |
| Fees for services: Accounting | $64,861 |
| Fees for services: Lobbying | $160,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,370 |
| Advertising and promotion | $0 |
| Office expenses | $144,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,252 |
| Travel | $19,728 |
| 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 | $48,579 |
| Depreciation, depletion, and amortization | $12,055 |
| Insurance | $76,588 |
| All other expenses | $0 |
| Total functional expenses | $2,866,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,275,362 |
| Savings and temporary cash investments | $981,241 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $263,770 |
| 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 | $55,953 |
| Net Land, buildings, and equipment | $158,330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $82,614 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,817,270 |
| Accounts payable and accrued expenses | $75,511 |
| Grants payable | $0 |
| Deferred revenue | $271,178 |
| 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 | $592,097 |
| Total liabilities | $938,786 |
| Net assets without donor restrictions | $2,878,484 |
| 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 | $3,817,270 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |
Greater Austin Chamber Of Commerce Austin, TX | $7,488,664 | $6,719,729 |
Community Development Foundation Tupelo, MS | $26,378,062 | $9,486,414 |
San Antonio Economic Development Foundation San Antonio, TX | $4,503,315 | $6,901,379 |
Abilene Chamber Of Commerce Abilene, TX | $4,194,863 | $4,866,648 |
Greater New Orleans Inc New Orleans, LA | $2,019,283 | $4,542,927 |
Better Business Bureau Of Metropolitan Houston Inc Houston, TX | $4,729,521 | $4,975,179 |