EIN 35-1494271

Quarter Horse Racing Association of Indiana (QHRAI)

IRS 501(c) type
501(c)(6)
Num. employees
1
State
Year formed
1966
Most recent tax filings
2022-12-01
Description
Quarter Horse Racing Association of Indiana promotes the growth and advancement of Quarter Horse racing, breeding, and ownership in Indiana. The Association received approval from the Indiana Horse Racing commission to be a registered horsemens Association and conducted various activities in 2019. With around 250 members, the Association negotiated and executed contracts for the 2019 racing season with Indiana tracks. Additionally, they successfully held the annual stallion service auction (ssa) along with the related annual ssa futurity races.
Total revenues
$1,361,553
2022
Total expenses
$1,310,588
2022
Total assets
$902,906
2022
Num. employees
1
2022

Program areas at QHRAI

The Association has approximately 322 members. The Association negotiated and executed contracts for the 2022 Racing season with the Indiana tracks; successfully conducted the annual stallion service auction (ssa) and the related annual ssa futurity races and ssa derby races; stakes races; and promoted the common business interests of the Indiana Quarter Horse industry.
The Association received approval from the Indiana Horse Racing commission to be a registered horsemens Association to receive funds on behalf of Indiana Quarter Horse horsemen under Indiana code section 4-35-7-12 for 2021. The activities conducted in 2022 with funds received pursuant to ic 4-35-7-12 include:equine promotion,equine rescue,benevolence,dental and optical program,emergency assistance,accident insurance,horsemens assistance,scholarships,and administrative expenses.all funds spent pursuant to Indiana code section 4-35-7-12 must be approved by, or be included in the budget approved by, the Indiana Horse Racing commission.

Grants made by QHRAI

GranteeGrant descriptionAmount
Horse-AngelsBackside Programs$8,500

Personnel at QHRAI

NameTitleCompensation
Dianne BennettExecutive Director / Vice President / Director$39,800
Teresa MyersSecretary$8,600
Chris DukePresident$3,500
Paul MartinDirector / Vice President$0
James HurleyPast Treasurer / Director$0
...and 2 more key personnel

Financials for QHRAI

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$1,376,060
Investment income and dividends$1,483
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-15,990
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,361,553

Form 990s for QHRAI

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-13990View PDF
2019-122021-06-25990View PDF
2018-122020-02-14990View PDF
...and 8 more Form 990s
Data update history
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 6, 2024
Updated personnel
Identified 1 new personnel
October 16, 2023
Updated personnel
Identified 5 new personnel
August 6, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Amateur sports clubsSports organizations
Issues
Human servicesCommunity improvementSportsBusiness and industry
Characteristics
State / local levelProvides scholarships
General information
Address
PO Box 399
Shelbyville, IN 46176
Metro area
Indianapolis-Carmel-Anderson, IN
County
Shelby County, IN
Website URL
indianaquarterhorseracing.com/ 
Facebook page
QHRAI 
IRS details
EIN
35-1494271
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1966
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
N60: Amateur Sports Clubs, Leagues
NAICS code, primary
7113: Promoters of Performing Arts, Sports, and Similar Events
Parent/child status
Independent
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