2025-09-02T16:13:56-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 901 VIA PIEMONTE SUITE 300 ONTARIO CA 91764 990 2024-01-01 951682276 CALIFORNIA THOROUGHBRED BREEDERS ASSOCIATION CALI 6264457800 201 COLORADO PLACE ARCADIA CA 91007 DOUG BURGE PRESIDENT 6264457800 2025-08-29 1 1 WADE MCMULLEN P00541671 9099857286 2025-08-29 2024 2025-03-06 01:10:19Z DOUG BURGE 201 COLORADO PLACE ARCADIA CA 91007 1600691 0 X WWW.CTBA.COM X 1937 CA THE ADVANCEMENT OF THOROUGHBRED BREEDING AND RACING IN CALIFORNIA. 13 13 18 13 253270 0 58321 50895 1573830 1416915 0 0 130276 132881 1762427 1600691 0 0 0 0 758222 747619 0 0 0 1131508 1165954 1889730 1913573 -127303 -312882 5518265 5282586 4666940 4744143 851325 538443 X TO CREATE AN ENVIRONMENT OF EDUCATION FOR THE MEMBERSHIP SO AS TO BRING ABOUT THE BETTERMENT OF THE CONDITIONS FOR THOSE INVOLVED IN THE AGRICULTURAL PRODUCTION OF CALIFORNIA-BRED THOROUGHBREDS; TO ASSIST IN ALL WAYS APPROPRIATE, INCLUDING LEGISLATIVELY, TO MAXIMIZE THE QUALITY AND PROFITABILITY OF THE PRODUCT OF THE MEMBERS AND THE EFFICIENCY OF THEIR OPERATION; AND TO ENHANCE ALL ECONOMIC CONDITIONS RELATED TO THE GROWTH AND VITALITY OF THE THOROUGHBRED INDUSTRY IN CALIFORNIA. 0 0 REGISTRATION OF THOROUGHBRED HORSES IN CALIFORNIA & INCENTIVE AWARDS:THOROUGHBRED HORSES THAT ARE REGISTERED ARE ELIGIBLE FOR INCENTIVE AWARDS FUNDED THROUGH PARI-MUTUAL WAGERING ON AUTHORIZED RACES MOSTLY CONDUCTED OR PRODUCED IN CALIFORNIA. AS THE RECOGNIZED REGISTERING AGENCY, THE ASSOCIATION COLLECTS AND DISTRIBUTES VARIOUS INCENTIVE AWARDS TO THOROUGHBRED BREEDERS AND OWNERS OF CALIFORNIA-BRED THOROUGHBREDS AND CALIFORNIA BASED STALLIONS. THE ASSOCIATION ALSO CONDUCTS AN ANNUAL AUCTION OF THOROUGHBREDS, FOR WHICH IT RECEIVES ENTRY FEES AND A COMMISSION FROM THE SALE OF HORSES. CONDUCT ANNUAL NORTHERN CALIFORNIA YEARLING SALE: THE ANNUAL NORTHERN CALIFORNIA YEARLING SALE BRINGS TOGETHER SELLERS AND BUYERS FOR THE ADVANCEMENT OF HORSE RACING IN CALIFORNIA. IN 2023, OVER 20 CONSIGNORS PARTICIPATED AND 230 HORSES WERE SOLD AT CTBA'S SOUTHERN CALIFORNIA AND NORTHERN CALIFORNIA SALES. CTBA PUBLISHES A MONTHLY MAGAZINE: CALIFORNIA THOROUGHBRED TO WHICH ALL MEMBERS RECEIVE ANNUAL SUBSCRIPTIONS. CALIFORNIA THOROUGHBRED MAGAZINE HAS LONG BEEN RECOGNIZED AS A LEADING INDUSTRY PUBLICATION. WE ARE DEDICATED TO BUILDING UPON THAT FOUNDATION. ONE WAY THIS IS BEING ACHIEVED IS BY WORKING TOGETHER IN PROVIDING ARTICLES THAT ARE SIGNIFICANT IN ASSISTING IN FARM MANAGEMENT AND ANIMAL HUSBANDRY. THE MAGAZINE ALSO BRINGS TOGETHER ADVERTISERS AND A PRECISE TARGET MARKET. STALLION OWNERS ARE ABLE TO COST EFFECTIVELY REACH THE REAL DECISION-MAKERS WITH THEIR ADVERTISING DOLLARS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 860 0 1 18 0 1 1 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 0 1 0 0 0 0 1 1 1 0 0 1 0 0 CA X DOUG BURGE 6264457800 201 COLORADO PLACE ARCADIA CA 91007 JUSTIN OLDFIELD CHAIRPERSON 2.00 X X 0 0 0 TY GREEN VICE CHAIRMAN 2.00 X X 0 0 0 GEORGE SCHMITT TREASURER 2.00 X X 0 0 0 ADRIAN GONZALEZ SECRETARY 2.00 X X 0 0 0 DOUG BURGE CEO & GM 40.00 X 220157 0 29257 THOMAS RETCHLESS CONTROLLER 40.00 X 100000 0 1009 DAN HARRALSON DIRECTOR 1.00 X 0 0 0 JONNY HILVERS DIRECTOR 1.00 X 0 0 0 STACY POTTER DIRECTOR 1.00 X 0 0 0 TERRY LOVINGIER DIRECTOR 1.00 X 0 0 0 PETE PARRELLA DIRECTOR 1.00 X 0 0 0 SUSAN GREENE DIRECTOR 1.00 X 0 0 0 GLORIA HALEY DIRECTOR 1.00 X 0 0 0 JOHN HARRIS DIRECTOR 1.00 X 0 0 0 DON VALPREDO DIRECTOR 1.00 X 0 0 0 320157 0 30266 1 0 1 0 NICK ALEXANDER 2827 WEST BRIDGE AVE ANAHEIM CA 92804 THOROUGHBRED BREEDER AWARDS 440870 REDDAM RACING LLC 1 CITY BLVD WEST SUITE 1900 ORANGE CA 92868 THOROUGHBRED BREEDER AWARDS 437342 TERRY C LOVINGIER PO BOX 91655 LONG BEACH CA 90809 THOROUGHBRED BREEDER AWARDS 246115 OLD ENGLISH RANCHO 166 N PIEDRA ROAD SANGER CA 93657 THOROUGHBRED BREEDER AWARDS 244878 RICHARD BARTON ENTERPRISES 845 N EUCLID AVE ONTARIO CA 91762 THOROUGHBRED BREEDER AWARDS 232499 11 50895 50895 INCENTIVE AWARD FEES 711300 444480 444480 MAGAZINE ADVERTISING 513120 253270 253270 REGISTRATION FEES 711300 205695 205695 MAGAZINE SUBSCRIPTIONS 513120 154310 154310 RACE FUND PROMOTION 711300 120000 120000 239160 239160 1416915 30000 0 30000 30000 30000 MISCELLANEOUS INCOME 711300 102881 102881 102881 1600691 1163645 253270 132881 350424 282829 7323 55133 51910 35436 88514 45702 182899 40537 91407 7281 22561 43898 HORSE SALE EXPENSES 252191 READERSHIP COSTS 92907 REPAIRS AND MAINTENANCE 61511 RACE DATA REGISTRATION 20571 180539 1913573 258620 141127 3445486 3342009 1661568 1687049 72397 54768 1625593 1567960 80194 57633 5518265 5282586 3782 66845 62224 54822 4600934 4622476 4666940 4744143 X 851325 538443 851325 538443 5518265 5282586 -312882 0 X X 0 1 X 1 0 57633 57633 595990 595990 0 357419 357419 0 614551 614551 0 57633 INCENTIVE AWARDS PAYABLE 4622476 4622476 X 1600691 0 1600691 0 1600691 1913573 0 1913573 0 1913573 PART X, LINE 2: THE ASSOCIATION IS A NONPROFIT SUPPORT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE AND FROM THE STATE FRANCHISE TAX BOARD UNDER SECTION 23701(E) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE ASSOCIATION HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED ARE RELATED TO THE ASSOCIATION'S CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE IS UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE ASSOCIATION FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. X X X 0 0 0 DOUG BURGE CEO & GM 220157 0 0 0 0 0 6605 0 22652 0 249414 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CBTA HAS THREE CLASSES OF MEMBERS IN THIS ASSOCIATION: (A) REGULAR MEMBERSHIP, (B) ASSOCIATE MEMBERSHIP (C) JUNIOR MEMBERSHIP. THE REGULAR MEMBERS SHALL HAVE AND EXERCISE ALL OF PRIVILEGES THE RIGHTS AND PRIVILEGES OF REGULAR MEMBERS OF A NON-PROFIT CORPORATION, INCLUDING THE POWER TO ELECT DIRECTORS, SAVE SUCH RIGHTS, PRIVILEGES MAY BE LIMITED BY THE ARTICLES OF INCORPORATION OR THESE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7A EACH INDIVIDUAL REGULAR MEMBER SHALL BE ENTITLED TO ONE (1) VOTE FOR THE ELECTION OF DIRECTORS AND AT ALL OTHER ELECTIONS UPON WHICH THE MEMBERSHIP IS ENTITLED TO VOTE. NO REGULAR MEMBER MAY CUMULATE HIS VOTE AND NO VOTES MAY BE CUMULATIVE. UPON THE DEATH OF ANY MEMBER, HIS REGULAR MEMBERSHIP SHALL CEASE AND TERMINATE, INCLUDING ALL THE PROPERTY AND OTHER RIGHTS OF SAID REGULAR MEMBERSHIP. NO EXPELLED REGULAR MEMBER SHALL BE ENTITLED TO ANY VOTE, NOR SHALL ANY REGULAR MEMBER BE ENTITLED TO VOTE WHILE IN DEFAULT IN THE PAYMENT OF ANY DUES OR ASSESSMENTS OR WHILE IN VIOLATION OF ANY OF THE PROVISIONS OF THESE BY-LAWS. (B) EACH APPLICANT FOR AN ASSOCIATE MEMBERSHIP IN THE ASSOCIATION WHILE NOT QUALIFYING FOR REGULAR MEMBERSHIP SHALL HAVE AN INTEREST IN THE THOROUGHBRED BREEDING INDUSTRY IN CALIFORNIA AND FULLY SUPPORT THE OBJECTIVES OF THE ASSOCIATION. AN ASSOCIATE MEMBER WILL HAVE NO VOTING RIGHTS BUT WILL BE ELIGIBLE FOR IMMEDIATE TRANSFER TO A REGULAR MEMBERSHIP AS SOON AS HE OR SHE BECOMES AN OWNER OR PART OWNER OF ONE (1) OR MORE THOROUGHBREDS MAINTAINED FOR BREEDING IN CALIFORNIA, AND WHICH ARE ELIGIBLE FOR REGISTRATION IN THE AMERICAN STUD BOOK. (C) EACH APPLICANT FOR JUNIOR MEMBERSHIP EITHER SCHOOL AGE (THROUGH AGE 18) OR COLLEGE-AGE (19-21) SHALL HAVE AN INTEREST IN THE THOROUGHBRED BREEDING INDUSTRY IN CALIFORNIA AND FULLY SUPPORT THE OBJECTIVES OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE BEEN GRANTED AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990, PART VI, LINE 11B - ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE RETURN PREPARER PROVIDED A COPY OF THE DRAFT VERSION OF FORM 990 TO THE CALIFORNIA THOROUGHBRED BREEDERS ASSOCIATION AUDIT COMMITTEE FOR REVIEW. AUDIT COMMITTEE, WHICH ALSO INCLUDES THREE MEMBERS OF THE BOARD OF DIRECTORS, PERFORMED REVIEW OF FORM 990 BEFORE IT WAS FILED. UPON COMPLETION OF THE REVIEW, THE GOVERNING BOARD MEMBERS WERE PROVIDED A COPY OF THE FORM 990 AND RELATED SCHEDULES. THE AUDIT COMMITTEE PRESENTED THEIR FINDINGS TO THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS, DIRECTORS, AND THE TRUSTEES ARE REQUIRED TO DISCLOSE ALL POTENTIAL CONFLICT OF INTERESTS. MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. THE BOARD REVIEWS ANY CONFLICTS PRESENTED BY INTERESTED PARTIES. THE CHAIRPERSON APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE THE TRANSACTION IN QUESTION AND REPORT FINDINGS TO THE BOARD. ALTERNATIVES TO THE PROPOSED TRANSACTION ARE IDENTIFIED AND COMPARED TO THE PROPOSED TRANSACTION. THE BOARD VOTES ON THE MOST BENEFICIAL OPTION FOR THE ORGANIZATION. IF THE BOARD HAS REASON TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE THE POTENTIAL CONFLICT, THE BOARD WILL INVESTIGATE FURTHER AND IF NECESSARY, TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL IS HANDLED THROUGH AN ANNUAL REVIEW AND DISCUSSION OF THE EXECUTIVE COMMITTEE, WITH RECOMMENDATION AND APPROVAL OF THE BOARD OF DIRECTORS. COMPENSATORY INCREASES FOR OTHER OFFICERS AND EMPLOYEES IS DETERMINED ON AN ANNUAL BASIS BY THE GENERAL MANAGER WITH PRESENTATION AND APPROVAL OF THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 CALIFORNIA THOROUGHBRED BREEDERS ASSOCIATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FEDERAL LAW DOES NOT REQUIRE THAT SUCH DOCUMENTS BE PUBLICLY AVAILABLE. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.