Colorado Thoroughbred Breeders Association
- Assets
- $200.6k
- Revenue
- $74.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Brighton, CO
- Founding
- 10/1979
- Data as of
- 12/2021
- EIN
- 84-0716193
Organization Overview
Colorado Thoroughbred Breeders Association is located in Brighton, CO. The organization was established in 1979. 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 12/2021, Colorado Thoroughbred Breeders Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Thoroughbred 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 12/2021, Colorado Thoroughbred Breeders Association generated $74.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (32.1%) each year. All expenses for the organization totaled $84.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (31.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE BREEDING, RAISING, AND RACING OF THOROUGHBREDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLORADO THOROUGHBRED BREEDERS ASSOCIATION ENCOURAGES THE BREEDING, RAISING AND RACING OF THOROUGHBRED HORSES IN COLORADO AMONG ITS APPROXIMATELY 300 MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonya Griess Office Administrator/secretary | Officer | 40 | $16,147 |
Hecky Heckendorf President/board Member | OfficerTrustee | 5 | $0 |
Robin Ehlers-Smith Vice President/board Member | OfficerTrustee | 1 | $0 |
Mark Hillman Treasurer/board Member | OfficerTrustee | 1 | $0 |
Vance Alfrey Board Member | Trustee | 1 | $0 |
Jim Weimer Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,810 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,371 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,181 |
| Total Program Service Revenue | $51,165 |
| Investment income | $0 |
| 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 | $74,346 |
| 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 | $53,267 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,140 |
| Payroll taxes | $4,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,141 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $204 |
| Office expenses | $12,044 |
| 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 | $0 |
| Insurance | $2,431 |
| All other expenses | $0 |
| Total functional expenses | $84,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,676 |
| Savings and temporary cash investments | $179,929 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $200,605 |
| Accounts payable and accrued expenses | $124,755 |
| 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 | $124,755 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $75,850 |
| 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 | $200,605 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arabian Horse Association Aurora, CO | $7,104,818 | $11,582,764 |
Nebraska Farm Bureau Federation Lincoln, NE | $6,162,256 | $5,536,938 |
Oklahoma Beef Industry Council Oklahoma City, OK | $1,793,159 | $4,382,142 |
Utah Farm Bureau Federation Sandy, UT | $9,901,276 | $4,013,704 |
Oklahoma Farm Bureau Oklahoma City, OK | $8,003,779 | $5,177,259 |
Nebraska Beef Council Kearney, NE | $3,014,074 | $3,736,619 |
Wool Trust Foundation Centennial, CO | $2,341,215 | $3,264,496 |
United Food And Commercial Workers International Union Crete, NE | $994,510 | $2,745,079 |
Pinto Horse Association Of America Bethany, OK | $2,820,535 | $3,433,110 |
Arizona Farm Bureau Federation Gilbert, AZ | $12,596,150 | $2,905,635 |
Nebraska Cattlemen Inc Lincoln, NE | $2,949,747 | $2,219,046 |
Colorado Farm Bureau Centennial, CO | $9,886,340 | $2,127,778 |