Horseracing Integrity And Safety Authority Inc
- Assets
- $5.5m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Lexington, KY
- Founding
- Data as of
- 12/2022
- EIN
- 86-1940818
Organization Overview
Horseracing Integrity And Safety Authority Inc is located in Lexington, KY. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Horseracing Integrity And Safety Authority Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horseracing Integrity And Safety Authority 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND IMPLEMENT A HORSERACING ANTI-DOPING AND MEDICATION CONTROL PROGRAM AND A RACETRACK SAFETY PROGRAM FOR COVERED HORSES, COVERED PERSONS, AND COVERED HORSERACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HORSERACING INTEGRITY AND SAFETY ACT RECOGNIZED THE HORSERACING INTEGRITY AND SAFETY AUTHORITY ("HISA") , WHICH IS OVERSEEN BY THE FEDERAL TRADE COMMISSION, FOR PURPOSES OF DEVELOPING AND IMPLEMENTING A HORSERACING ANTI-DOPING AND MEDICATION CONTROL PROGRAM AND A RACETRACK SAFETY PROGRAM FOR COVERED HORSES, COVERED PERSONS, AND COVERED HORSERACES. HISA'S RACETRACK SAFETY PROGRAM WENT INTO EFFECT ON JULY 1, 2022 AND THE ANTI-DOPING AND MEDICATION CONTROL PROGRAM WENT INTO EFFECT ON MAY 22, 2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Scheeler Chair | Trustee | 1 | $0 |
Steve Beshear Vice-Chair | Trustee | 1 | $0 |
Leonard Coleman Secretary | Trustee | 1 | $0 |
Ellen Mcclain Treasurer | Trustee | 1 | $0 |
Adolpho Birch Director | Trustee | 1 | $0 |
Joseph DE Francis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Akin Gump Strauss Hauer & Feld Llp Legal Services | 12/30/22 | $1,681,071 |
Xorgate Solutions Technology Services | 12/30/22 | $649,119 |
Drug Free Sport Llc Enforcement Agency | 12/30/22 | $1,228,851 |
Innovative Data Processing Solutions Technology Services | 12/30/22 | $636,763 |
Ransdell Roach & Royse Pllc Legal Services | 12/30/22 | $564,700 |
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 | $216 |
| Noncash contributions included in lines 1a–1f | $216 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216 |
| Total Program Service Revenue | $11,966,090 |
| Investment income | $8 |
| 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 | $12,323,223 |
| 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. | $652,341 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $471,038 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,074 |
| Payroll taxes | $87,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,781,875 |
| Fees for services: Accounting | $64,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,897,937 |
| Advertising and promotion | $347,289 |
| Office expenses | $7,654 |
| Information technology | $1,129,533 |
| Royalties | $0 |
| Occupancy | $1,567 |
| Travel | $137,888 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,296 |
| Interest | $265,600 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $31,677 |
| All other expenses | $3,994 |
| Total functional expenses | $12,942,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,824,934 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,638,454 |
| 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 | $8,459 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $5,472,847 |
| Accounts payable and accrued expenses | $3,601,713 |
| 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 | $5,150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,751,713 |
| 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 | -$3,278,866 |
| Total liabilities and net assets/fund balances | $5,472,847 |