The Louisiana Horseman's Medical Benefit Trust
- Assets
- $2.1m
- Revenue
- $3.6m
- Investments
- $345.9k
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- Data as of
- 12/2021
- EIN
- 72-6154126
Organization Overview
The Louisiana Horseman's Medical Benefit Trust is located in New Orleans, LA. Louisiana Horseman's Medical Benefit Trust is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Louisiana Horseman's Medical Benefit Trust generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. 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
TO ADMINISTER FUNDS FOR THE LOUISIANA HORSEMEN'S MEDICAL BENEFIT PLAN, WHICH PROVIDES FOR HOSPITAL AND MEDICAL BENEFITS AND RELATED ADMINISTRATIVE EXPENSES FOR OWNERS, OWNER/TRAINERS, AND TRAINERS LICENSED TO RACE HORSES IN LOUISIANA AND THEIR EMPLOYEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin Fenasci Executive Director | Officer | 12.4 | $0 |
Don Stemmans Trustee | Trustee | 0.5 | $0 |
Kevin Delahoussaye Trustee | Trustee | 0.5 | $0 |
Ron Faucheux Trustee | Trustee | 0.5 | $0 |
Michele Rodriguez Chairperson | Trustee | 1 | $0 |
Ronnie Ward Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southern Scripts Medical Benefits | 12/30/21 | $250,661 |
Midlevel Provider Staffing Solutions Llc Staffing Services | 12/30/21 | $103,913 |
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 | $3,620,798 |
| Investment income | $7,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,628,716 |
| 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 | $2,304,205 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $706,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,121 |
| Advertising and promotion | $0 |
| Office expenses | $80 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $18,678 |
| Insurance | $0 |
| All other expenses | $3,000 |
| Total functional expenses | $3,068,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $785,112 |
| Savings and temporary cash investments | $465,708 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $322,708 |
| 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 | $35,000 |
| Net Land, buildings, and equipment | $46,223 |
| Investments—publicly traded securities | $87,159 |
| Investments—other securities | $345,932 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,087,842 |
| Accounts payable and accrued expenses | $300,328 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $300,328 |
| 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 | $1,787,514 |
| Total liabilities and net assets/fund balances | $2,087,842 |
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