Washington Thoroughbred Breeders And Owners Association
- Assets
- $393.9k
- Revenue
- $300.0k
- Investments
- $0.0
- Employees
- 43
- Location
- Auburn, WA
- Founding
- 11/1942
- Data as of
- 06/2021
- EIN
- 91-0496694
Organization Overview
Washington Thoroughbred Breeders And Owners Association is located in Auburn, WA. The organization was established in 1942. According to its NTEE Classification (D60) the organization is classified as: Animal Services N.E.C., under the broad grouping of Animal-Related and related organizations. As of 06/2021, Washington Thoroughbred Breeders And Owners Association employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Thoroughbred Breeders And Owners 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 06/2021, Washington Thoroughbred Breeders And Owners Association generated $300.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $314.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) 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
TO FACILITATE THE IMPROVEMENT OF PRACTICES IN THE BREEDING OF THOROUGHBRED HORSES FOR RACING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A VENUE FOR MEMBER BREEDERS TO SELL THEIR PRODUCTS IN A FREE MARKET AT AUCTION.
PROVIDE INFORMATION AND EDUCATION TO THOSE INVOLVED IN IMPROVING THE BREED OF THOROUGHBRED RACE HORSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Sweet General Manager | Officer | 40 | $59,733 |
Debra Pabst Treasurer | Trustee | 3 | $0 |
Henry Leong Chairman Finance Committee | Trustee | 2 | $0 |
Jennifer Webber Secretary | Trustee | 3 | $0 |
Dana Halvorson President | Trustee | 5 | $0 |
Mary Lou Griffin 2nd Vice President | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,584 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,101 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,000 |
| Statement of Expenses | |
|---|---|
| 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. | $105,152 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,998 |
| Payroll taxes | $12,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,958 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,228 |
| Advertising and promotion | $4,200 |
| Office expenses | $2,464 |
| Information technology | $3,273 |
| Royalties | $0 |
| Occupancy | $15,101 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,878 |
| All other expenses | $0 |
| Total functional expenses | $313,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,925 |
| Savings and temporary cash investments | $131,494 |
| Pledges and grants receivable | $6,782 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $204,700 |
| Total assets | $393,901 |
| Accounts payable and accrued expenses | $3,720 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $253,050 |
| Total liabilities | $271,770 |
| 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 |
| Total liabilities and net assets/fund balances | $122,131 |
Endowment Analysis
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|---|---|---|
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Western States Stock Horse Harrisburg, OR | $109,194 | $353,075 |
Washington Thoroughbred Breeders And Owners Association Auburn, WA | $393,901 | $300,000 |
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Whidbey Island Kennel Club Inc Lynwood, WA | $200,627 | $0 |
Idaho Capital City Kennel Club Boise, ID | $140,770 | $0 |