2024-11-14T15:52:49+00:00 2023-12-31 440160260 Forvis Mazars LLP 1248 O Street Ste 1040 Lincoln NE 685081461 990 2023-01-01 470721298 Nebraska Horsemen's Benevolent and Protective Association Inc NEBR 4028024467 7055 S 1ST ST LINCOLN NE 68512 GERALD WOLLESEN PRESIDENT 4028024467 2024-11-14 true true Kristin Tynon P01063388 4024737600 2024-11-15 2023 2024-10-15 13:58:12Z GARALD WOLLESEN 7055 S 1ST ST LINCOLN NE 68512 10147169 false 3300 X HTTP://NEBRASKAHORSEMEN.COM X 1987 NE TO FOSTER, PROMOTE, AND ENCOURAGE A HEALTHIER ECONOMIC CLIMATE, A HIGHER LEVEL OF PUBLIC ACCEPTANCE, AND BETTER RELATIONS AMONG PARTICIPANTS OF THE THOROUGHBRED HORSE INDUSTRY. 12 12 92 0 2253013 0 0 0 0 0 -412396 27202 1628779 2331203 1216383 2358405 2100 13184 55000 60000 129457 159333 0 0 714663 1440783 901220 1673300 315163 685105 16589886 21197554 8148820 12702970 8441066 8494584 THE PURPOSES OF THE ASSOCIATION ARE AS FOLLOWS: TO FOSTER, PROMOTE, AND OTHERWISE ENCOURAGE A HEALTHIER ECONOMIC CLIMATE AND A HIGHER LEVEL OF PUBLIC ACCEPTANCE OF THE THOROUGHBRED HORSE INDUSTRY IN THE STATE OF NEBRASKA AND BETTER RELATIONS AMONG PARTICIPANTS. TO PROTECT THE SAFETY OF MEMBERS, THEIR STABLE PERSONNEL AND THEIR HORSES BY WORKING WITH THE RACE AREA CONDITIONS, PROPER EMERGENCY PROCEDURES, AND REASONABLE STABLING SCHEDULES. TO REPRESENT THE INTERESTS AND PROPERTY RIGHTS OF ITS MEMBERS IN ANY MATTERS WITH ANY RACING ASSOCIATION, JOCKEY'S ORGANIZATION OR ANY OTHER INDUSTRY-RELATED ORGANIZATION. TO REPRESENT THE GENERAL INTEREST OF ITS MEMBERS IN ANY MATTERS WITH ANY LOCAL, STATE, OR FEDERAL GOVERNMENT AND ANY AGENCY THEROF AND ANY RACING COMMISSION. TO INFORM AND EDUCATE ITS MEMBERS AND OTHER SEGMENTS OF THE HORSE INDUSTRY AND TO FOSTER A BETTER UNDERSTANDING OF THE HORSE INDUSTRY BY THE HORSE RACING COMMUNITY; TO ARRANGE FOR PUBLICATIONS, SEMINARS. false false FURTHERING THOROUGHBRED RACING ACTIVITIES IN NEBRASKA THROUGH CASH SUPPLEMENTS AT ALL THE NEBRASKA RACETRACKS. PROVIDING MEMBER BENEFITS SUCH AS MEDICAL, FUNERAL, AND BACKSIDE BENEFITS. 0 false false true true false false false false false true false false false true true true false false false false false false false false true false true false true false false false false false false false false false false false false false false true 263 39 true 92 true true true false false false false false false false X 12 12 false false false false true false false true true false false false false false false true false false X X LYNNE MCNALLY 4024993398 7055 S 1ST STREET LINCOLN NE 68512 DAVID ANDERSON VICE PRESIDENT 0.0 0.0 X X 0 0 0 GERALD WOLLESEN PRESIDENT 0.0 0.0 X X 0 0 0 LORI THOMAS SECRETARY/TREASURER/COO 40.0 0.0 X X 147308 0 6000 BLAINE ADAMS DIRECTOR 0.0 0.0 X 0 0 0 CHAD MCKAY DIRECTOR 0.0 0.0 X 0 0 0 DALTON DIETER DIRECTOR 0.0 0.0 X 0 0 0 GENE MCCLOUD DIRECTOR 0.0 0.0 X 0 0 0 MARISSA BLACK DIRECTOR 0.0 0.0 X 0 0 0 MARK LEMBERG DIRECTOR 0.0 0.0 X 0 0 0 MONTE HEHNKE DIRECTOR 0.0 0.0 X 0 0 0 NICK FUDGE DIRECTOR 0.0 0.0 X 0 0 0 STEVE HALL DIRECTOR 0.0 0.0 X 0 0 0 LYNNE MCNALLY CHIEF EXECUTIVE OFFICER 40.0 0.0 X 183021 0 11887 330329 0 17887 2 false true false 0 0 0 0 0 0 0 27202 27202 3307488 0 3307488 0 3307488 3287794 19694 0 0 6422531 7684987 -1262456 -1262456 331452 103777 227675 227675 STALLION AUCTION INCOME 900099 27160 27160 MISCELLANEOUS REVENUE 900099 23425 23425 BREED SUPPLEMENT INCOME 900099 7911 7911 0 0 0 0 58496 2358405 58496 2253013 46896 13184 60000 65483 45896 29073 8080 10801 68401 57281 5154 23875 29798 3313 27602 58881 58233 DEFERRED INCOME TAX EXPENSE 467565 PURSE AND TRACK SUBSIDIES 545077 DUES AND SUBSCRIPTIONS 43578 PROPERTY TAX EXPENS 9373 42652 1673300 1811460 1007481 4080105 1313907 225296 468648 0 0 0 0 7278 0 1150 253924 26798904 8651943 10464597 18146961 0 0 0 6130 0 503 16589886 21197554 500026 650999 0 0 3496746 9921620 982000 1109189 3170048 1021162 8148820 12702970 X 8441066 8494584 8441066 8494584 16589886 21197554 685105 -631587 0 X false true X false false 13200 13200 13200 true false false true 44081 358408 402489 402489 0 Schedule C, Part I-A, Line 1 Description of Political Activities SUPPORT OF A CANDIDATE FOR POLITICAL OFFICE 8891438 8891438 13370016 4993976 8376040 3550404 3210886 339518 830933 374001 456932 156113 73080 83033 18146961 PURSE ACCOUNTS PAYABLE 238106 MUTUEL OUTS PAYABLE 186263 DEFERRED INCOME TAX PAYABLE 422715 DEPOSITS HELD IN CUSTODY 174078 1021162 X 10010085 7684987 7684987 2325098 33307 33307 2358405 9559925 7886625 7886625 1673300 0 0 1673300 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote MANAGEMENT HAS EVALUATED THE INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 GAMING EXPENSES - 7684987 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements ADJUST UBI FOR DIFFERENCE BETWEEN PRIOR YEAR 990 AND FINANCIALS - 33307 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 GAMING EXPENSES - 7684987 ADJUST UBI FOR DIFFERENCE BETWEEN PRIOR YEAR 990 AND FINANCIALS - 122886 ADJUST TAX EXPENSE FOR DIFFERENCE BETWEEN PRIOR YEAR 990 AND FINANCIALS - 78752 6422531 7684987 false 6422531 7684987 NE true false true false 1.0 0.0 LYNNE MCNALLY 7055 S 1ST STREET LINCOLN NE 68512 true 2839835 51538296 WARHORSE GAMING - LINCOLN LLC & WARHORSE GAMING - OMAHA LLC PO BOX 390 WINNEBAGO NE 68071 LYNNE MCNALLY 175417 MANAGEMENT X false 0 Schedule G, Part III, Line 5(c) SEE ATTACHED true LINCOLN COMMUNITY FOUNDATION 215 CENTENNIAL MALL SOUTH SUITE 100 LINCOLN NE 68508 470458128 501(C)(3) 10000 PROGRAM SUPPORT 1 X X false false false LORI THOMAS SECRETARY/TREASURER/COO 147308 0 0 0 0 0 0 0 6000 0 153308 0 0 0 LYNNE MCNALLY CHIEF EXECUTIVE OFFICER 165521 0 17500 0 0 0 0 0 11887 0 194908 0 0 0 Form 990, Part VI, Line 6 Classes of members or stockholders NEBRASKA HORESMEN'S BENEVOLENT AND PROTECTIVE ASSOCIATION, INC. HAS A GENERAL MEMBERSHIP THAT INCLUDES PERSONS WHO ARE LICENSED BY THE STATE OF NEBRASKA RACING COMMISSION AS OWNERS OF HORSES AND PERSONS LICENSED AS OWNER-TRAINERS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE PRESIDENT REVIEWS THE FORM 990 PRIOR TO SIGNING THE DOCUMENT. Form 990, Part VI, Line 15a Process to establish compensation of top management official COMPENSATION IS EVALUATED AND APPROVED BY THE BOARD OF DIRECTORS. Form 990, Part VI, Line 19 Required documents available to the public NEBRASKA HORSEMEN'S BENEVOLENT AND PROTECTIVE ASSOCIATION, INC. DOES NOT MAKE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.