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Nonprofit · EIN 31-1085083

HOME TALENT COLT STAKES ASSOCIATION

Tax-exempt · BERLIN CENTER, OH 44401

Financials

$287K$285K2023$331K$344K2024
Revenue Expenses · by fiscal year end
Financials of HOME TALENT COLT STAKES ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$330,801$343,548-$12,747$15,819$0$15,819
December 31, 2023990$287,356$284,915$2,441$28,566$0$28,566
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$330,801
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$2,550
Compensation of officers, directors and key employees
$6,000
Salaries, compensation and benefits (total)
$6,000
Professional fundraising fees
$0
Accounting fees
$890
Program services (functional)
$340,912
Management and general (functional)
$2,636

Balance sheet and other

Total assets, start of year
$28,566
Total assets, end of year
$15,819
Total liabilities, end of year
$0
Net assets, end of year
$15,819
Net assets without donor restrictions
$15,819
Gross receipts
$330,801
Employees
0
Volunteers
14
Year formed
2016
State of legal domicile
OH

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
ELWOOD WOOLMANSECRETARY/TR
Trustee or director, Officer
2$6,000
DALE BIMILLERDIRECTOR
Trustee or director
1$0
BARRY BROWNDIRECTOR
Trustee or director
1$0
TODD CARPENTERDIRECTOR
Trustee or director
1$0
DAN CONKRIGHTDIRECTOR
Trustee or director
1$0
EDNA COXDIRECTOR
Trustee or director
1$0
JOHN HOSTETTLERDIRECTOR
Trustee or director
1$0
TODD LAUGHBAUMDIRECTOR
Trustee or director
1$0
DR RICH MAIRSDIRECTOR
Trustee or director
1$0
EARL ROHNDIRECTOR
Trustee or director
1$0
DAKOTA SEITZDIRECTOR
Trustee or director
1$0
SCOTT SMITHPRESIDENT
Trustee or director, Officer
2$0
DAVID STAATSVICE PRESIDE
Trustee or director, Officer
2$0
SUE STOCKWELLDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensation
Elwood WoolmanSecretary/Treasurer
Trustee or director, Officer
2$6,000
John HostettlerDirector
Trustee or director
1$0
Dakota SeitzDirector
Trustee or director
1$0
Dan ConkrightDirector
Trustee or director
1$0
Dr Rich MairsDirector
Trustee or director
1$0
Edna CoxDirector
Trustee or director
1$0
David StaatsVice President
Trustee or director, Officer
2$0
Wayne FurgusonDirector
Trustee or director
1$0
Todd CarpenterDirector
Trustee or director
1$0
Scott SmithPresident
Trustee or director, Officer
2$0
Dale BiMillerDirector
Trustee or director
1$0
Sue StockwellDirector
Trustee or director
1$0
Tom LaughbaumDirector
Trustee or director
1$0
Barry BrownDirector
Trustee or director
1$0
Earl RohnDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
8560 BEDELL RD, BERLIN CENTER, OH 44401-8710
Principal officer (990 for 2024)
ELWOOD WOOLMAN, 8560 BEDELL RD, BERLIN CENTER, OH 44401
Signed the 990
ELWOOD WOOLMAN, SECRETARY/TREASURER
Phone
(330) 651-1042
Return prepared by
DG PERRY PLLC

Mission

HOME TALENT COLT STAKES ASSOCIATION PROMOTES AND IMPROVES THE SPORT OF HARNESS RACING AND UNITES ALL PERSONS WITHIN THE HOME TALENT CIRCUIT INTERESTED IN PROMOTING AND MAINTAINING THE INTEGRITY OF THE SPORT.

990 for the year ended December 31, 2024

Program accomplishments

  • HOME TALENT COLT STAKES ASSOCIATION COORDINATES HARNESS RACING ACTIVITIES FOR THE MEMBERS WHO BELONG TO THE ASSOCIATION WITH THE 14 MEMBER COUNTY FAIRS THAT ARE PART OF THE HOME TALENT CIRCUIT. THIS INCLUDES ADOPTING RULES AND REGULATIONS UNDER WHICH ALL RACES WILL BE CONDUCTED, KEEPING RECORDS OF THE HORSES AND HORSEMEN WHO PARTICIPATE IN THE RACING PROGRAM WITHIN THE CIRCUIT AND COMPUTING THE AMOUNT OF MONEY TO BE DISTRIBUTED AMONG THE HORSEMEN.
    Expenses $338,362 · revenue $330,801
  • HOME TALENT COLT STAKES ASSOCIATION GRANTS AN ANNUAL SCHOLARSHIP TO STUDENTS ACTIVE IN OHIO HARNESS RACING AT THE COUNTY FAIRS INCLUDED IN THE APPROVED CIRCUITS. STUDENTS MUST COMPLETE AN APPLICATION PROCESS WHICH INCLUDES WRITING AN ESSAY AND OBTAINING LETTERS OF RECOMMENDATION FROM PERSONS INVOLVED IN HARNESS RACING AS AN OFFICIAL OR FAIR BOARD MEMBER. THE RECIPIENT IS ALSO REQUIRED TO SHOW EVIDENCE OF ENROLLMENT IN A POST SECONDARY INSTITUTION TO RECEIVE THE SCHOLARSHIP.
    Expenses $2,550 · grants $2,550

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
31-1085083
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$15,819
Income (IRS master file)
$330,801

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$330,801$343,548$15,819IRS
990December 2023$287,356$284,915$28,566XML
990December 2022$308,715$310,062$26,125IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 31-1085083).

Questions about HOME TALENT COLT STAKES ASSOCIATION

What is the EIN of HOME TALENT COLT STAKES ASSOCIATION?
The employer identification number (EIN) of HOME TALENT COLT STAKES ASSOCIATION is 31-1085083.
Is HOME TALENT COLT STAKES ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to HOME TALENT COLT STAKES ASSOCIATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HOME TALENT COLT STAKES ASSOCIATION 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 HOME TALENT COLT STAKES ASSOCIATION 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 HOME TALENT COLT STAKES ASSOCIATION 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 HOME TALENT COLT STAKES ASSOCIATION?
The 990 for the year ended December 31, 2024 names ELWOOD WOOLMAN.
Who are the officers and directors of HOME TALENT COLT STAKES ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $6,000 (ELWOOD WOOLMAN, SECRETARY/TR).
How much revenue does HOME TALENT COLT STAKES ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $330,801, expenses of $343,548 and total assets of $15,819 at year end.

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