National Hbpa Inc
- Assets
- $285.4k
- Revenue
- $390.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Phoenix, AZ
- Founding
- 10/1992
- Data as of
- 12/2021
- EIN
- 86-0646160
Organization Overview
National Hbpa Inc is located in Phoenix, AZ. The organization was established in 1992. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, National Hbpa Inc employed 6 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 $390.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $310.7k during the year ending 12/2021. While expenses have increased by 4.0% 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
TO PROMOTE, FOSTER AND ENCOURAGE A STRONGER ECONOMIC ENVIRONMENT FOR THE THOROUGHBBRED HORSE RACING INDUSTRY; FACILITATE BETTER RELATIONS AMONG PARTICIPANTS IN THOROUGHBRED HORSE RACING; PROVIDE BENEVOLENCE TO THOSE PARTICIPANTS IN NEED AND REPRESENT THE INTERESTS OF ALL THOROUGHBRED HORSEMEN AND WOMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE A COMMON BUSINESS INTEREST AND NEGOTIATE CONTRACTS WITH RACE TRACKS ON BEHALF OF ITS MEMBERS AND TO PROMOTE AND PROTECT THE WELFARE OF PARTICIPANTS IN THE ARIZONA THOROUGHBRED HORSE RACING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William L Gessmann Excutive Director | OfficerTrustee | 40 | $77,188 |
Wendy K Hobson Secretary Treasurer | Officer | 40 | $36,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $266,254 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,704 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $389,958 |
| Total Program Service Revenue | $0 |
| Investment income | $100 |
| 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 | $390,058 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $19,150 |
| Compensation of current officers, directors, key employees. | $123,219 |
| 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 | $8,985 |
| Fees for services: Management | $20,966 |
| Fees for services: Legal | $35,575 |
| Fees for services: Accounting | $4,335 |
| Fees for services: Lobbying | $45,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,899 |
| Office expenses | $9,040 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,048 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,775 |
| Insurance | $1,250 |
| All other expenses | $1,450 |
| Total functional expenses | $310,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,375 |
| Savings and temporary cash investments | $0 |
| 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 | $285,375 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $285,375 |
| Total liabilities and net assets/fund balances | $285,375 |
Grants Awarded
Over the last fiscal year, National Hbpa Inc has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lexington, KY PURPOSE: INDUSTRY SUPPORT | $15,000 |
Phoenix, AZ PURPOSE: MEMBERSHIP BENEFITS | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Signal Technology Foundation Mountain View, CA | $46,245,596 | $12,765,380 |
San Diego Tourism Marketing District San Diego, CA | $25,387,973 | $27,784,986 |
Western Regional Examining Board Phoenix, AZ | $0 | $7,805,212 |
The Better Business Bureau Inc Phoenix, AZ | $11,570,437 | $16,919,340 |
Pacific West Association Of Realtors Inc Anaheim, CA | $20,065,190 | $11,318,447 |
Businesses United In Investing Lending And Development Redwood City, CA | $15,281,937 | $16,419,583 |
Mountain West Small Business Finance Salt Lake City, UT | $11,137,576 | $7,876,705 |
Enterprise Foundation San Jose, CA | $843,322 | $6,921,921 |
All Raise San Francisco, CA | $16,909,959 | $6,096,804 |
Authorized Taxicab Supervision Inc Los Angeles, CA | $2,022,494 | $4,283,831 |
Denver Area Better Business Bureau Inc Inc Denver, CO | $0 | $3,899,799 |
Better Business Bureau Of Los Angeles And Silicon Valley Inc San Jose, CA | $3,931,110 | $3,510,578 |