Overview
What is Arabian Breeders Sweepstakes Trust?
The Arabian Breeders Sweepstakes Trust is a nonprofit organization situated at 10805 E Bethany Drive, Aurora, Colorado, 80014. It was established to support and encourage the breeding, exhibition, use, and perpetuation of Arabian, Half-Arabian, and Anglo-Arabian horses. The organization operates a sweepstakes program, where participants can enter various equine competitive events and show ring activities to win prize money. The entry fees are used solely for prize money paybacks, with the interest earned on the principal supporting the association's activities.
Is Arabian Breeders Sweepstakes Trust legitimate?
Arabian Breeders Sweepstakes Trust is a legitimate nonprofit organization registered as a 501(c)(5) entity. Arabian Breeders Sweepstakes Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Arabian Breeders Sweepstakes Trust?
The Arabian Breeders Sweepstakes Trust was founded with the objective of assisting and encouraging the breeding, exhibition, use, and preservation of Arabian, Half-Arabian, and Anglo-Arabian horses. The organization administers a program called Sweepstakes to promote these horse breeds and expand its financial resources. Participants can compete in various horse shows and equestrian sports to win prize money. The entry fees are exclusively utilized for prize money payouts, while the interest earned on this principal funds the association's activities.
Who is the CEO of Arabian Breeders Sweepstakes Trust?
Robert S Morey is the Chair of Arabian Breeders Sweepstakes Trust.
What is the revenue of Arabian Breeders Sweepstakes Trust?
Arabian Breeders Sweepstakes Trust's revenue in 2022 was $858,297.
Who are the executives of Arabian Breeders Sweepstakes Trust and what are their salaries?
- Charles Rickart (Chair) [Trustee/Director]
- Russ Taylor (Vice Chair) [Trustee/Director]
- David Corning (Board Liason) [Trustee/Director]
- Duane Esser (Reg Director)
- Steven Freeman (Reg Director)
- Jim Hitt (Reg Director)
- Cheryl Holloway (Staff Liason) [Trustee/Director]
- Deborah Johnson (Reg Director)
- Dean Meier (Reg Director)
- Lance Walters (Reg Director)
- Robert S Morey (Executive Di)
Where can I find the form 990 for Arabian Breeders Sweepstakes Trust?
The Arabian Breeders Sweepstakes Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Arabian Breeders Sweepstakes Trust
The Arabian Breeders Sweepstakes Trust is a nonprofit organization with a mission to foster the breeding, exhibiting, using, and preservation of Arabian, Half-Arabian, and Anglo-Arabian horses. Established with this purpose, the Trust seeks to encourage the growth and development of these horse breeds.
One of the ways Arabian Breeders Sweepstakes Trust supports its mission is through a program called Sweepstakes. This initiative aims to promote Arabian, Half-Arabian, and Anglo-Arabian horses and broaden the organization's income base. Participants in the Sweepstakes can enter various show ring events and other equine competitive sports to win prize money. The entry fees are utilized solely for prize money paybacks, with the interest earned on this principal funding the activities of the Association.
In essence, the Arabian Breeders Sweepstakes Trust serves as a platform for horse enthusiasts to engage in competitive events and support the breeding and perpetuation of Arabian, Half-Arabian, and Anglo-Arabian horses. By offering opportunities for participation in various competitions and providing financial rewards, the Trust encourages a vibrant and active community centered around these breeds.
Impact
This information is meant to be a general summary of Arabian Breeders Sweepstakes Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Arabian Breeders Sweepstakes Trust has significantly impacted the Arabian, Half-Arabian, and Anglo-Arabian horse breeding and exhibiting community. Through its innovative sweepstakes program, the organization has not only promoted these horse breeds but also diversified the association's income sources. Participants have the opportunity to win prize money in various show ring events and equine competitive sports, fostering a competitive spirit and enhancing the visibility of these magnificent breeds. Additionally, the entry fee principal is utilized exclusively for prize money paybacks, with the interest earned supporting the association's activities. Overall, Arabian Breeders Sweepstakes Trust plays a crucial role in supporting and perpetuating the Arabian horse industry while also contributing to the financial sustainability of related endeavors.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENTRIES
Revenue
$858,297
Organization Details
Founding Year
2010
Phone
(303) 696-4500
Principal Officer
Robert S Morey
Main Address
10805 E BETHANY DRIVE, AURORA, CO, 80014
NTEE Category
Code: D60 - Animals
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