Louisiana Thoroughbred Breeders Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 720676064 ✦ New orleans, LA ✦ Designated as a 501(c)(6)

Overview

What is Louisiana Thoroughbred Breeders Association?

The Louisiana Thoroughbred Breeders Association is a nonprofit organization headquartered in New Orleans, Louisiana. Established as the official registrar of Louisiana-bred Thoroughbred horses, the association plays a significant role in stimulating the economy of Louisiana by encouraging and improving thoroughbred horse breeding in the state. Their mission encompasses various programs aimed at fostering the growth and enhancement of thoroughbred horse breeding industries within Louisiana. The association pays breeders' awards to those who breed accredited Louisiana-bred horses and supplements purses for races specifically designed for these horses. With a dedicated team of seven individuals, the Louisiana Thoroughbred Breeders Association is committed to promoting and advancing thoroughbred horse breeding in Louisiana.


Official website here: www.louisianabred.com

Is Louisiana Thoroughbred Breeders Association legitimate?

Louisiana Thoroughbred Breeders Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Louisiana Thoroughbred Breeders Association 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: $444,747

For more financial information, click here


Official website here: www.louisianabred.com

What is the mission statement of Louisiana Thoroughbred Breeders Association?

The Louisiana Thoroughbred Breeders Association is dedicated to promoting and enhancing the thoroughbred breeding industry within Louisiana. Through various programs, the association focuses on encouraging and improving the breeding of thoroughbred horses in the state. The organization acts as the official registrar of Louisiana-bred thoroughbreds and provides financial incentives to breeders of accredited Louisiana-bred horses. Additionally, the association supplements purses for races specifically for accredited Louisiana-bred horses, serving as an economic stimulus for the breeding industry.


Official website here: www.louisianabred.com

Who is the CEO of Louisiana Thoroughbred Breeders Association?

Warren J Harang Iii is the Director of Louisiana Thoroughbred Breeders Association.


Official website here: www.louisianabred.com

What is the revenue of Louisiana Thoroughbred Breeders Association?

Louisiana Thoroughbred Breeders Association's revenue in 2021 was $9,749,646.


Official website here: www.louisianabred.com

Who are the executives of Louisiana Thoroughbred Breeders Association and what are their salaries?

The average compensation at Louisiana Thoroughbred Breeders Association during 2021 was $63,535. There are 7 employees at Louisiana Thoroughbred Breeders Association.

Here are 14 key members and their salaries:

    Roger Heitzmann Iii (Executive Director)
  • Compensation: $125,099
  • Related: $0
  • Other: $12,000

    • Michelle La Voice (Director)
  • Compensation: $375
  • Related: $0
  • Other: $0

    • Charlotte Clavier (Director)
  • Compensation: $375
  • Related: $0
  • Other: $0

    • Thomas Early (Director)
  • Compensation: $375
  • Related: $0
  • Other: $0

    • Michele Rodriguez (Director)
  • Compensation: $375
  • Related: $0
  • Other: $0

    • Warren J Harang Iii (President) [Trustee/Director]
  • Compensation: $375
  • Related: $0
  • Other: $0

    • David Tillson (Director)
  • Compensation: $375
  • Related: $0
  • Other: $0

    • Jay Adcock (Director)
  • Compensation: $300
  • Related: $0
  • Other: $0

    • Daniel Guidry (Director)
  • Compensation: $300
  • Related: $0
  • Other: $0

    • Val Murrell (Director)
  • Compensation: $300
  • Related: $0
  • Other: $0

    • Brett Brinkman (Second Vice President) [Trustee/Director]
  • Compensation: $300
  • Related: $0
  • Other: $0

    • Jake Delhomme (Director)
  • Compensation: $300
  • Related: $0
  • Other: $0

    • Keith Hernandez (First Vice President) [Trustee/Director]
  • Compensation: $300
  • Related: $0
  • Other: $0

    • Jim Montgomery (Director)
  • Compensation: $300
  • Related: $0
  • Other: $0


  • Official website here: www.louisianabred.com

    Where can I find the form 990 for Louisiana Thoroughbred Breeders Association?

    The Louisiana Thoroughbred Breeders Association’s most recent form 990 was submitted in 2021 and can be accessed here


    Official website here: www.louisianabred.com

    Learn more at the official website: www.louisianabred.com

    Mission Statement of Louisiana Thoroughbred Breeders Association

    The Louisiana Thoroughbred Breeders Association is a vital organization dedicated to the promotion and enhancement of thoroughbred breeding in the state of Louisiana. This association plays a significant role in the industry by engaging in programs that encourage and improve the breeding of thoroughbred horses within the state.

    Established legislatively as the official registrar of Louisiana-bred thoroughbreds, the Louisiana Thoroughbred Breeders Association works tirelessly to stimulate the local economy through various initiatives. One of its primary efforts involves the payment of breeders' awards to breeders of accredited Louisiana-bred horses. These financial incentives are essential for the continued growth and success of the thoroughbred breeding industry in the region.

    Additionally, the association supplements purses for races written specifically for accredited Louisiana-bred horses. By doing so, the Louisiana Thoroughbred Breeders Association creates a competitive and thriving racing environment, attracting both breeders and owners to participate in the state's racing scene.

    The Louisiana Thoroughbred Breeders Association acts as a catalyst for the growth and prosperity of thoroughbred breeding in Louisiana. Its mission is twofold: to promote the industry and to improve the breeding of thoroughbred horses within the state. By fostering a supportive and rewarding environment for breeders and racers alike, the association is making a significant impact on the thoroughbred breeding industry in Louisiana.

    Impact

    This information is meant to be a general summary of Louisiana Thoroughbred Breeders Association. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Louisiana Thoroughbred Breeders Association's impact is significant in promoting and advancing the Thoroughbred breeding industry within the state of Louisiana. Through various programs aimed at encouraging and improving the breeding of Thoroughbred horses, the association plays a crucial role in stimulating economic activity in the state. As the official registrar of Louisiana-bred Thoroughbreds, the association administers breeders' awards to those involved in breeding accredited Louisiana-bred horses and supplements race purses for accredited Louisiana-bred horses. By supporting and incentivizing the breeding of high-quality Thoroughbred horses in Louisiana, the association contributes to the growth and success of the state's racing industry while also benefiting breeders and horse owners.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $9,886
  • Program Service Revenue: $9,622,853
  • Gross Receipts: $9,752,388

    • Assets and Liabilities:
  • Total Assets: $6,203,168
  • Total Liabilities: $72,080
  • Net Assets: $6,131,088
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    STATE OF LA ALLOCATION

    Revenue

    $9,372,456

    ACCREDITING FEES

    Revenue

    $91,465

    PUBLICATION INCOME

    Revenue

    $69,557

    BREEDER SALE

    Revenue

    $48,790

    MARE & STALLION REGIST

    Revenue

    $25,375

    Organization Details

    Founding Year

    1961

    Principal Officer

    Warren J Harang Iii

    Main Address

    PO BOX 24650, NEW ORLEANS, LA, 70184

    NTEE Category

    Code: D03 - Animals

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