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EIN 37-1011054

Illinois Thoroughbred Breeders and Owners Foundation

IRS 501(c) type
501(c)(6)
Num. employees
0
City
Lyons
State
Illinois
Year formed
1947
Most recent tax filings
2023-12-01
NTEE code, primary
Z99: Unknown
Description
The Illinois Thoroughbred Breeders and Owners Foundation represents Illinois breeders and owners while promoting the breeding, owning, and racing of thoroughbred horses in the state. The foundation plays a vital role in growing and developing the Illinois state-bred incentive program for Thoroughbreds. It has been instrumental in drafting and passing the Illinois Horse Racing Act of 1975, which established the Illinois Thoroughbred Breeders Fund Program. Additionally, the foundation actively participates in legislation that legalizes Inter-Track Wagering and Off-Track Betting.
Also known as...
Illinois Thorougbred Breeders and Owners Foundation
Total revenues
$66,166
2023
Total expenses
$9,016
2023
Total assets
$251,782
2023
Num. employees
0
2023

Program areas at Illinois Thoroughbred Breeders and Owners Foundation

To promote the breeding, owning, and racing of thoroughbred horses in Illinois.

Personnel at Illinois Thoroughbred Breeders and Owners Foundation

NameTitleCompensation
David BrownBoard Member$0
Janice ElyTreasurer$9,485
Drew CoontzVice President$0
Shirley NessSecretary$0
Janet HartwigSecond Vice President$0
...and 2 more key personnel

Financials for Illinois Thoroughbred Breeders and Owners Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$12,650
Program services$53,497
Investment income and dividends$19
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$66,166

Form 990s for Illinois Thoroughbred Breeders and Owners Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-03990View PDF
2022-122024-02-08990View PDF
2021-122022-11-15990View PDF
2020-122021-09-27990View PDF
2019-122021-06-07990View PDF
...and 9 more Form 990s
Data update history
October 31, 2024
Posted financials
Added Form 990 for fiscal year 2023
June 3, 2024
Posted financials
Added Form 990 for fiscal year 2022
May 22, 2024
Updated personnel
Identified 3 new personnel
May 19, 2024
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Trade associationsBusiness and community development organizations
Issues
Business and industry
Characteristics
MembershipsState / local levelNo full-time employees
General information
Address
PO Box 7
Lyons, IL 60534
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
itbof.net/ 
Phone
(847) 253-3670
IRS details
EIN
37-1011054
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1947
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Z99: Z99
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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