Texas Horsemens Assistance Fund Inc
- Assets
- $197.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elgin, TX
- Founding
- 01/1999
- Data as of
- 12/2020
- EIN
- 74-2731055
Organization Overview
Texas Horsemens Assistance Fund Inc is located in Elgin, TX. The organization was established in 1999. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Horsemens Assistance Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Texas Horsemens Assistance Fund Inc generated $106.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $63.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
IT WAS AGREED TO BY THE TEXAS RACING COMMISSION, AN AGENCY OF THE STATE OF TEXAS, AND BY EACH LICENSED RACETRACK IN THE STATE, THAT AN AMOUNT OF MONEY EQUAL TO 1% OF ALL PURSE MONEYS EARNED WOULD BE CONTRIBUTED TO THIS ORGANIZATION. THE FUNDS ARE TO BE USED TO BRING ABOUT SOCIAL IMPROVEMENT AT EACH TRACK AND THE SURROUNDING COMMUNITY. THIS IMPROVEMENT IS TO BE ACCOMPOLISHED BY THE PAYMENT OF BENEVOLENT ASSISTANCE TO A CERTAIN CLASS OF PEOPLE AS FURTHER DISCUSSED. THE NEED FOR BENEVOLENT ASSISTANCE IS A RESULT OF THE LARGE NUMBER OF INDIGENT AND POOR PEOPLE THAT ARE ASSOCIATED WITH THE HORSE RACING INDUSTRY. MOST ARE PAID MINIMAL WAGES AND HAVE NO HEALTH INSURANCE OR OTHER BENEFITS. MANY ARE TRANSIENT AND THUS HAVE NO PERMANENT HOME OR SHELTER. DRUG AND ALCOHOL USE IS PREVALENT, BUT THESE ARE THE PEOPLE THAT ARE ESSENTIAL TO THE OPERATIONS OF HORSE RACING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Tommy Hays Director | 2 | $0 | |
Marsha Rountree Chairman | 5 | $0 | |
John Synowsky Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $106,841 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,841 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $63,461 |
| Total expenses | $63,461 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $197,209 |
| Other assets | $0 |
| Total assets | $197,209 |
| Total liabilities | $0 |
| Net assets or fund balances | $197,209 |
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