Overview
What is Oregon Thoroughbred Owners & Breede?
Oregon Thoroughbred Owners & Breeders is a Portland, Oregon-based nonprofit organization dedicated to the advancement of Thoroughbred breeding and racing in the state. Through incentive programs, awards, and public promotion, they stimulate interest in Oregon Thoroughbred horses both among the public and breeders. The organization's mission is to disseminate information and foster the growth of the Thoroughbred industry in Oregon by supporting Oregon-bred horse racing at commercial meets and county fairs. They distribute proceeds from pari-mutual funds as per Oregon Revised Statute 462.062 to the owners of Oregon-bred Thoroughbred horses. With a small team of one employee, they are committed to advancing the breeding and racing industry in Oregon.
Official website here: www.oregontoba.com
Is Oregon Thoroughbred Owners & Breede legitimate?
Oregon Thoroughbred Owners & Breede is a legitimate nonprofit organization registered as a 501(c)(5) entity. Oregon Thoroughbred Owners & Breede 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: $123,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,000
For more financial information, click here
Official website here: www.oregontoba.com
What is the mission statement of Oregon Thoroughbred Owners & Breede?
The Oregon Thoroughbred Owners & Breeders organization aims to disseminate information and stimulate interest in the breeding and racing of Thoroughbred horses in Oregon. They promote this cause through various initiatives, including incentive programs, awards, and public promotion. Their efforts extend to Oregon-bred horse racing at commercial meets and county fairs. Additionally, they distribute funds from pari-mutuel funds to owners of Oregon-bred Thoroughbred horses, as per Oregon Revised Statute 462.062.
Official website here: www.oregontoba.com
Who is the CEO of Oregon Thoroughbred Owners & Breede?
Lynnelle Fox Smith is the Executive Di of Oregon Thoroughbred Owners & Breede.
Official website here: www.oregontoba.com
What is the revenue of Oregon Thoroughbred Owners & Breede?
Oregon Thoroughbred Owners & Breede's revenue in 2022 was $514,587.
Official website here: www.oregontoba.com
Who are the executives of Oregon Thoroughbred Owners & Breede and what are their salaries?
The average compensation at Oregon Thoroughbred Owners & Breede during 2022 was $126,900. There are 1 employees and 12 volunteers at Oregon Thoroughbred Owners & Breede.
Here are 12 key members and their salaries:
- Lynnelle Fox Smith (Executive Di)
- Sharon Balcom (President) [Trustee/Director]
- Connie Erickson (Vice Preside) [Trustee/Director]
- Ry Harwood (Director)
- Bruce Loudon (Director)
- Gerhard Matheis (Director)
- Al Peterson (Director)
- Jack Root (Director)
- Michael Morris Sr (Vice Preside) [Trustee/Director]
- Gordon Tallman (Director)
- Gay Welliver (Secretary) [Trustee/Director]
- Donna Yanik (Director)
Official website here: www.oregontoba.com
Where can I find the form 990 for Oregon Thoroughbred Owners & Breede?
The Oregon Thoroughbred Owners & Breede’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.oregontoba.com
Learn more at the official website: www.oregontoba.com
Mission Statement of Oregon Thoroughbred Owners & Breede
Oregon Thoroughbred Owners & Breeders (OTOB) is a dynamic organization dedicated to the dissemination of knowledge regarding the breeding and racing of Thoroughbred horses in Oregon. By stimulating public and breeder interest in the advancement of these horses, OTOB aims to contribute significantly to the industry in the state.
In practice, OTOB promotes Thoroughbred breeding and racing in Oregon through various incentive programs, awards, and public promotion. OTOB's efforts extend to Oregon-bred horse racing at commercial meets and county fairs. Additionally, OTOB distributes funds from pari-mutuel sources to the owners of Oregon-bred Thoroughbred horses, as outlined by Oregon Revised Statute 462.062.
OTOB's mission is multifaceted, with a primary focus on sharing information related to Thoroughbred breeding and racing in Oregon. This organization plays a pivotal role in fostering a vibrant community of horse owners and enthusiasts, encouraging collaboration and growth within the industry. Through its initiatives, OTOB not only supports the breeding and racing of Thoroughbreds in Oregon but also generates widespread interest and engagement from the public.
Impact
This information is meant to be a general summary of Oregon Thoroughbred Owners & Breede. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Oregon Thoroughbred Owners & Breeders plays a significant role in promoting Thoroughbred breeding and racing in Oregon. By disseminating information on breeding and racing practices, the organization helps stimulate public and breeder interest in advancing the industry in the state. Through incentive programs, awards, and public promotion, Oregon Thoroughbred Owners & Breeders supports the growth of the Thoroughbred industry in Oregon. Additionally, the organization facilitates Oregon-bred horse racing at commercial meets and county fairs, further contributing to the development of the local racing scene. Moreover, by distributing funds from pari-mutuel sources to owners of Oregon-bred Thoroughbred horses, the organization directly supports and encourages the breeding and racing of Thoroughbreds in the region.
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.
HUB INCOME
Revenue
$178,500
SOURCE MARKET FUNDS
Revenue
$143,617
OWNER'S BONUS
Revenue
$94,602
BREAKAGE INCOME
Revenue
$22,301
OWNER'S PURSE INCOME
Revenue
$13,297
Organization Details
Founding Year
1972
Phone
(503) 285-0658
Principal Officer
Lynnelle Fox Smith
Main Address
PO BOX 17248, PORTLAND, OR, 97217
Website
www.oregontoba.com
NTEE Category
Code: D60 - Animals
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