2025-08-30T09:45:44-05:00 2024-12-31 721088864 LAPORTE APAC 111 VETERANS MEMORIAL BLVD 600 METAIRIE LA 700054958 990 2024-01-01 720676064 LOUISIANA THOROUGHBRED BREEDERS ASSOCIATION LOUI 5049474676 PO BOX 24650 NEW ORLEANS LA 70184 KEITH HERNANDEZ PRESIDENT 5049474676 2025-08-29 1 0 JOHN S WILES CPA P01222673 5048355522 2025-08-25 2024 2025-03-06 01:10:19Z KEITH HERNANDEZ PO BOX 24650 NEW ORLEANS LA 70184 10964701 0 X WWW.LOUISIANABRED.COM X 1961 LA THE ASSOCIATION SEEKS TO PROMOTE AND FURTHER THE THOROUGHBRED BREEDING INDUSTRY (CONT'D ON SCH O.) IN LOUISIANA. THE ASSOCIATION IS ENGAGED IN PROGRAMS FOR THE ENCOURAGEMENT AND IMPROVEMENT OF THE BREEDING OF THOROUGHBRED HORSES IN THE STATE OF LOUISIANA. 13 13 8 0 7516 0 120270 124418 9183941 10734448 79571 73483 0 32352 9383782 10964701 30000 27950 0 0 635754 570515 0 0 0 8978046 11358428 9643800 11956893 -260018 -992192 5615065 4628084 70550 75310 5544515 4552774 THE ASSOCIATION SEEKS TO PROMOTE AND FURTHER THE THOROUGHBRED BREEDING INDUSTRY WITHIN THE STATE OF LOUISIANA. THE ASSOCIATION IS ENGAGED IN PROGRAMS FOR THE ENCOURAGEMENT AND IMPROVEMENT OF BREEDING THOROUGHBRED HORSES IN THE STATE OF LOUISIANA. 0 0 THE ASSOCIATION IS AN ECONOMIC STIMULUS PROGRAM, LEGISLATIVELY PUT IN PLACE AS THE OFFICIAL REGISTRAR OF LOUISIANA BRED THOROUGHBREDS AND FOR THE ENCOURAGEMENT AND IMPROVEMENT OF THOROUGHBRED HORSES IN THE STATE OF LOUISIANA INCLUDING, BUT NOT LIMITED TO, THE PAYMENT OF BREEDERS' AWARDS TO BREEDERS OF ACCREDITED LOUISIANA-BRED HORSES, SUPPLEMENTING PURSES FOR RACES WRITTEN FOR ACCREDITED LOUISIANA-BRED HORSES, AND PAYMENT OF STALLION AND WORLD WIDE BREEDERS AWARDS. THE ASSOCIATION PUBLISHES "THE LOUISIANA HORSE MAGAZINE," THE OFFICIAL PUBLICATION OF THE ASSOCIATION, ON A SEMIANNUAL BASIS, AS WELL AS THE ANNUAL "STALLION REGISTER." SCHOLARSHIP PROGRAM:DRAWINGS WERE HELD TO GIVE OUT $1,000 SCHOLARSHIPS IN FEBRUARY AT DELTA DOWNS, IN MAY AT EVANGELINE DOWNS IN AUGUST AT LOUISIANA DOWNS AND IN DECEMBER AT THE FAIR GROUNDS. ANY MEMBER OF THE GENERAL PUBLIC THAT WAS PRESENT AND CURRENTLY ENROLLED AS A FULL-TIME COLLEGE STUDENT WAS ELIGIBLE TO PARTICIPATE IN THE DRAWING. THE PROCEEDS WERE SUBMITTED DIRECTLY TO THE ACCREDITED UNIVERSITY. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 340 0 1 8 1 1 1 0 0 0 0 0 0 0 X 13 13 1 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X THERESE ARROYO 5049474676 PO BOX 24650 NEW ORLEANS LA 70184 MICHELLE LA VOICE SECOND VICE PRESIDENT 10.00 X X 300 0 0 JAY ADCOCK DIRECTOR 10.00 X 300 0 0 CHARLOTTE CLAVIER DIRECTOR 3.00 X 300 0 0 VAL MURRELL DIRECTOR 6.00 X 300 0 0 THOMAS EARLY DIRECTOR 10.00 X 300 0 0 MICHELE RODRIGUEZ DIRECTOR 6.00 X 300 0 0 BRETT BRINKMAN FIRST VICE PRESIDENT 10.00 X X 300 0 0 WARREN J HARANG III PRESIDENT 2.00 X X 300 0 0 JAKE DELHOMME DIRECTOR 4.00 X 300 0 0 KEITH HERNANDEZ PRESIDENT 10.00 X X 300 0 0 LEE THOMAS DIRECTOR 4.00 X 300 0 0 JIM MONTGOMERY DIRECTOR 4.00 X 300 0 0 ROGER HEITZMANN III EXECUTIVE DIRECTOR 50.00 X 130491 0 0 THERESE ARROYO COMPTROLLER 50.00 X 110776 0 0 244867 0 0 2 0 0 0 0 63795 60000 623 124418 STATE OF LA ALLOCATIONS 900099 9311366 9311366 BSOL- CONSIGNMENT REVENUE 900099 1103345 1103345 BSOL- COMMISSIONS 900099 81735 81735 BSOL- ENTRY FEES 900099 76300 76300 ACCREDITING FEES 900099 72830 72830 88872 81356 7516 10734448 73483 73483 INSURANCE PROCEEDS 900099 32352 32352 32352 10964701 10726932 7516 105835 13950 14000 241267 287701 41547 53679 104207 24748 3860 105632 72651 78911 22661 5982 54554 9978 103417 BREEDER AWARDS PAID 7337922 BSOL CONSIGNOR 1103315 STALLION AWARDS PAID 900000 OUT OF STATE AWARDS 666782 710129 11956893 1392970 1829957 59835 46391 275224 206353 65193 68871 4097067 2682865 5615065 4628084 70550 75310 70550 75310 X 5544515 4552774 5544515 4552774 5615065 4628084 X -992192 451 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2250 0 2250 2250 1 MIKE STRAIN 105 WILBERT STREET LAFAYETTE LA 70506 1250 BRACH MYERS CAMPAIGN 513 BEVERLY DRIVE LAFAYETTE LA 70503 1000 0 0 0 168670 24748 24748 24748 PART I-A, LINE 1: CONTRIBUTIONS TO CANDIDATES WHO SUPPORT THE MISSION OF THE ORGANIZATION. 118648 57258 61390 154155 146674 7481 2421 2421 0 68871 UTILITY DEPOSIT 600 RESTRICTED CASH - SALAM, OTB, AND SLOT MACHINES 2682265 2682865 DEPOSITS - FUTURITY RACES HELD 75310 75310 X 11016069 51368 51368 10964701 0 10964701 12007810 50917 50917 11956893 0 11956893 PART X, LINE 2: THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(6) OF THE UNITED STATES INTERNAL REVENUE CODE. THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN INCOME TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: SLOT/OTB TRANSFER 51,368. PART XII, LINE 2D - OTHER ADJUSTMENTS: SLOT/OTB TRANSFER 50,917. SCHEDULE D PART IX: RESTRICTED CASH INCLUDES DEPOSITS HELD FOR FUTURITY STALLION STAKES, SALAM, OPEN RACES, AND SLOT AWARDS. 1 LOUISIANA FUTURE FARMERS OF AMERICA FOUNDATION 118 KNAPP HALL BATON ROUGE LA 70803 720922330 501(C)(3) 7500 0 OPERATIONAL ASSISTANCE 1 SCHOLARSHIPS 14 14000 PART III, COLUMN (B) DRAWINGS WERE HELD TO GIVE OUT $1,000 SCHOLARSHIPS IN FEBRUARY AT DELTA DOWNS, IN MAY AT EVANGELINE DOWNS IN AUGUST AT LOUISIANA DOWNS AND IN DECEMBER AT THE FAIR GROUNDS. ANY MEMBER OF THE GENERAL PUBLIC THAT WAS PRESENT AND CURRENTLY ENROLLED AS A FULL-TIME COLLEGE STUDENT WAS ELIGIBLE TO PARTICIPATE IN THE DRAWING. THE PROCEEDS WERE SUBMITTED DIRECTLY TO THE SCHOOL. THIS PROGRAM IS DESIGNED TO INCREASE COLLEGE AGE PARTICIPATION AT THE RACETRACKS CELEBRATING LA BRED DAYS. FORM 990, PART VI, SECTION A, LINE 2 VAL MURELL AND MICHELLE LAVOICE ARE FATHER AND DAUGHTER. WARREN H AND VAL MURREL HAVE A BUSINESS RELATIONSHIP. LEE THOMAS AND MICHELE RODRIGUEZ HAS A BUSINESS RELATIONSHIP AND HAVE A FAMILY RELATIONSHIP JIM MONTGOMERY, JAY ADCOCK, JAKE DELHOMME AND NATHAN GRANGER HAVE A BUSINESS RELATIONSHIP. TOM EARLY AND VAL MURRELL HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS APPROXIMATELY 1000 MEMBERS. IN ORDER TO QUALIFY FOR REGULAR MEMBERSHIP, MEMBERS HAVE TO BE ACTIVELY ENGAGED IN THE LOUISIANA THOROUGHBRED HORSE BREEDING INDUSTRY OR REGISTER AN ACCREDITED LOUISIANA BREAD IN ONE OF THE PRIOR TWO BREEDING SEASONS. THE ASSOCIATION ALSO HAS AN ASSOCIATE MEMBER, WHO IS NOT ACTIVELY ENGAGED IN BREEDING, AND AS A RESULT, DO NOT HAVE VOTING PRIVILEGES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ASSOCIATION ELECT MEMBERS OF THE GOVERNING BODY. AS A REQUIREMENT TO BE A MEMBER OF THE GOVERNING BODY, AN INDIVIDUAL MUST ALSO BE A MEMBER OF THE ASSOCIATION. MEMBERS OF THE ASSOCIATION THAT ARE BREEDING AND ACCREDITING HORSES IN THE STATE OF LOUISIANA ARE ELIGIBLE TO RECEIVE BREEDERS AWARDS BASED SOLELY ON THE HORSE'S PERFORMANCE IN THE THOROUGHBRED RACES AND NOT ON THEIR MEMBERSHIP IN THE ASSOCIATION OR ON BEING A MEMBER OF THE GOVERNING BODY. NO MEMBERS OF THE GOVERNING BODY MAY RECEIVE ANY PERSONAL BENEFITS OR COMPENSATION AS PAYMENT FOR SERVICES. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR AND COMPTROLLER BEFORE PRESENTING IT TO THE FINANCE COMMITTEE. THE FINANCE COMMITTEE THEN HAS THE RETURN PRESENTED TO THE BOARD OF DIRECTORS. UPON THE BOARD'S REVIEW AND APPROVAL, THE RETURN IS SIGNED BY THE PRESIDENT AND IS SUBMITTED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY IS PROVIDED ANNUALLY TO EACH DIRECTOR, OFFICER, AND STAFF MEMBER, EACH OF WHOM HAS A CONTINUING RESPONSIBILITY TO MONITOR THEIR FAMILY AND BUSINESS RELATIONSHIPS FOR POTENTIAL CONFLICT OF INTERESTS AND MAKE SUCH DISCLOSURES IN WRITING TO THE BOARD CHAIR. DIRECTORS, OFFICERS, AND STAFF MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT CERTIFICATION AGREEMENT, WHICH SHALL BE REVIEWED BY THE BOARD AS APPROPRIATE. DIRECTORS ARE ALSO GIVEN THE OPPORTUNITY TO DISCLOSE ANY CHANGES IN THEIR CONFLICTS IN EACH BOARD MEETING AFTER THE APPROVAL OF THE PRIOR BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO IS DICTATED BY THE BOARD OF DIRECTORS, WHICH IS APPROVED BY THE BOARD AND NOTED IN THE MINUTES. REASONABLENESS IS DETERMINED BY THE SALARY AND BENEFITS COMMITTEE, WHO COMPARES THE SALARIES WITH OTHER "SIMILAR ORGANIZATIONS BEFORE RECOMMENDING THE SALARY TO THE BOARD OF DIRECTORS. EACH BOARD MEMBER RECEIVES A $75 PER DIEM ALLOWANCE FOR MEETINGS ATTENDED DURING THE YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST OF ANY PERSONS OR ENTITY. FORM 990, PART XI, LINE 9: SLOT/OTB TIMING DIFFERENCE 451. FORM 990, PART XII, LINE 1: THE ORGANIZATION USED THE MODIFIED CASH BASIS METHOD OF ACCOUNTING. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS AUDIT OVERSIGHT PROCESS OR SELECION PROCESS FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT.