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Nonprofit · EIN 26-0015640

HORSE RACE NORTH DAKOTA

Tax-exempt · FARGO, ND 58107

Financials

$1.7M$1.3M2023$2.1M$1.7M2024
Revenue Expenses · by fiscal year end
Financials of HORSE RACE NORTH DAKOTA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,072,047$1,691,543$380,504$1,851,332$258,349$1,592,983
December 31, 2023990$1,660,971$1,348,461$312,510$1,475,059$347,277$1,127,782
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$594,176
of which government grants
$356,000
Program service revenue
$261,175
Investment income
$382
Net income from sales of inventory
$1,216,314
Other revenue
$1,216,314

Expenses

Grants and similar amounts paid
$31,095
Other salaries and wages
$307,692
Salaries, compensation and benefits (total)
$400,307
Professional fundraising fees
$0
Accounting fees
$109,560
Occupancy
$355,432
Travel
$8,947
Program services (functional)
$1,691,543

Balance sheet and other

Total assets, start of year
$1,475,059
Total assets, end of year
$1,851,332
Total liabilities, end of year
$258,349
Net assets, end of year
$1,592,983
Land, buildings and equipment
$390,000
Net assets without donor restrictions
$1,592,983
Gross receipts
$3,112,974
Employees
80
Year formed
2001
State of legal domicile
ND

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JAY ALSOPPresident
Officer
2$0
JOHN BUBELBoard Member
Officer
2$0
LEIGH BACKHAUSBoard Member
Officer
2$0
BILLY BUCHHOLZBoard Member
Officer
2$0
KENNETH ASPLINSecretary
Officer
2$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
JAY ALSOPPresident
Officer
2$0
JOHN BUBELBoard Member
Officer
2$0
DOUG PLUMMERBoard Member
Officer
2$0
LEIGH BACKHAUSBoard Member
Officer
2$0
BILLY BUCHHOLZBoard Member
Officer
2$0

Address and contacts

Address (IRS master file)
PO BOX 1917, FARGO, ND 58107-1917
In care of
% JAY ALSOP
Principal officer (990 for 2024)
Jay Alsop, PO Box 1917, Fargo, ND 58107
Signed the 990
JAY ALSOP, President
Phone
(701) 306-3483
Return prepared by
Taxlady LLC

Mission

The mission of HRND and ND Horse Park is to develop and promote the sport of live horse racing and all equine-related activities.

990 for the year ended December 31, 2024

Program accomplishments

  • The exempt purpose of HRND is to promote live horse racing in the The organization also operates pari-mutual, simulcase locations that serve as a year-round venue to promote horse racing and develop fans within the state of ND. As a member of our community, we also make contributions to other local non-profits.
    Expenses $532,250

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
26-0015640
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
2002
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,851,332
Income (IRS master file)
$3,112,974

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,072,047$1,691,543$1,851,332XML
990December 2023$1,660,971$1,348,461$1,475,059XML
990December 2022$1,499,796$1,247,617$489,353IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-0015640).

Questions about HORSE RACE NORTH DAKOTA

What is the EIN of HORSE RACE NORTH DAKOTA?
The employer identification number (EIN) of HORSE RACE NORTH DAKOTA is 26-0015640.
Is HORSE RACE NORTH DAKOTA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2002.
Are donations to HORSE RACE NORTH DAKOTA tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does HORSE RACE NORTH DAKOTA file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HORSE RACE NORTH DAKOTA due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HORSE RACE NORTH DAKOTA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of HORSE RACE NORTH DAKOTA?
The 990 for the year ended December 31, 2024 names Jay Alsop.
Who are the officers and directors of HORSE RACE NORTH DAKOTA?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does HORSE RACE NORTH DAKOTA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,072,047, expenses of $1,691,543 and total assets of $1,851,332 at year end.

Other nonprofits in FARGO

All nonprofits in FARGO · North Dakota · Recreation and sports