Nonprofit · EIN 35-1494271
QUARTER HORSE RACING ASSOCIATION OF INDIANA INC
Tax-exempt · SHELBYVILLE, IN 46176
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,475,819 | $1,464,941 | $10,878 | $1,137,277 | $818,225 | $319,052 |
| December 31, 2023 | 990 | $1,356,291 | $1,298,850 | $57,441 | $1,022,687 | $714,513 | $308,174 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,461,581
- Investment income
- $14,238
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $66,283
- Compensation of officers, directors and key employees
- $63,100
- Salaries, compensation and benefits (total)
- $66,364
- Professional fundraising fees
- $0
- Legal fees
- $7,684
- Accounting fees
- $24,180
- Travel
- $31,269
- Depreciation
- $1,499
Balance sheet and other
- Total assets, start of year
- $1,022,687
- Total assets, end of year
- $1,137,277
- Total liabilities, end of year
- $818,225
- Net assets, end of year
- $319,052
- Land, buildings and equipment
- $2,407
- Gross receipts
- $1,475,819
- Employees
- 1
- Year formed
- 1966
- State of legal domicile
- IN
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA MYERS | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $63,100 |
| VICKIE DUKE | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS DUKE | PRESIDENT Trustee or director, Officer | 4 | $0 |
| JILL PATRICK | DIRECTOR Trustee or director | 1 | $0 |
| JAMES HURLEY | TREASURER Trustee or director, Officer | 2 | $0 |
| NICK JOHNSON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| TIM EGGLESTON | DIRECTOR Trustee or director | 1 | $0 |
| PAM HANN | DIRECTOR Trustee or director | 1 | $0 |
| TYLER MARTIN | DIRECTOR Trustee or director | 1 | $0 |
| GARY FOUTS | DIRECTOR Trustee or director | 1 | $0 |
| ABBIE HAFFNER | SECRETARY Trustee or director, Officer | 2 | $0 |
| NATASHA PEREZ | DIRECTOR Trustee or director | 1 | $0 |
| OSCAR PRECIADO | DIRECTOR Trustee or director | 1 | $0 |
| SHAWNA MARTIN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA MYERS | SECRETARYINTERIM EXECUTIVE D Trustee or director, Officer | 40 | $42,600 |
| DIANNE BENNETT | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $16,583 |
| JESSICA VAZQUEZ | DIRECTOR Trustee or director | 1 | $2,000 |
| ROGER BEAM | DIRECTOR Trustee or director | 1 | $750 |
| TIM EGGLESTON | DIRECTOR Trustee or director | 1 | $0 |
| PAM HANN | DIRECTOR Trustee or director | 1 | $0 |
| GARY FOUTS | DIRECTOR Trustee or director | 0 | $0 |
| TYLER MARTIN | DIRECTOR Trustee or director | 0 | $0 |
| NATASHA PEREZ | DIRECTOR Trustee or director | 1 | $0 |
| VICKIE DUKE | DIRECTOR Trustee or director | 1 | $0 |
| JILL PATRICK | DIRECTOR Trustee or director | 1 | $0 |
| NICK JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS DUKE | PRESIDENT Trustee or director, Officer | 4 | $0 |
| ABBIE HAFFNER | DIRECTORSECRETARY Trustee or director, Officer | 2 | $0 |
| STEPHANIE MCCONNELL | DIRECTORVICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| JAMES HURLEY | TREASURER Trustee or director, Officer | 2 | $0 |
| PAUL MARTIN | PRESIDENT Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 399, SHELBYVILLE, IN 46176-0399
- In care of
- % TERESA MYERS
- Principal officer (990 for 2024)
- TERESA MYERS, PO BOX 399, SHELBYVILLE, IN 461760399
- Signed the 990
- TERESA MYERS, EXECUTIVE DIRECTOR
- Phone
- (260) 726-5090
- Return prepared by
- KAHRE & ASSOCIATES PC
Mission
THE ASSOCIATIONS MISSION IS TO PROMOTE THE GROWTH, AND ADVANCEMENT OF QUARTER HORSE RACING, BREEDING, AND OWNERSHIP IN INDIANA.
Program accomplishments
- THE ASSOCIATION HAS APPROXIMATELY 305 MEMBERS. THE ASSOCIATION NEGOTIATED AND EXECUTED CONTRACTS FOR THE 2024 RACING SEASON WITH THE INDIANA TRACKS; SUCCESSFULLY CONDUCTED THE ANNUAL STALLION SERVICE AUCTION (SSA) AND THE RELATED ANNUAL SSA FUTURITY RACES AND SSA DERBY RACES; STAKES RACES; AND PROMOTED THE COMMON BUSINESS INTERESTS OF THE INDIANA QUARTER HORSE INDUSTRY.Expenses $1,464,941 · grants $66,283 · revenue $1,461,581
- THE ASSOCIATION RECEIVED APPROVAL FROM THE INDIANA HORSE RACING COMMISSION TO BE A REGISTERED HORSEMENS ASSOCIATION TO RECEIVE FUNDS ON BEHALF OF INDIANA QUARTER HORSE HORSEMEN UNDER INDIANA CODE SECTION 4-35-7-12 FOR 2024. THE ACTIVITIES CONDUCTED IN 2024 WITH FUNDS RECEIVED PURSUANT TO IC 4-35-7-12 INCLUDE: EQUINE PROMOTION, EQUINE RESCUE, BENEVOLENCE, DENTAL AND OPTICAL PROGRAM, EMERGENCY ASSISTANCE, ACCIDENT INSURANCE, HORSEMENS ASSISTANCE, SCHOLARSHIPS, AND ADMINISTRATIVE EXPENSES. ALL FUNDS SPENT PURSUANT TO INDIANA CODE SECTION 4-35-7-12 MUST BE APPROVED BY, OR BE INCLUDED IN THE BUDGET APPROVED BY, THE INDIANA HORSE RACING COMMISSION.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1494271
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S46)
- Assets (IRS master file)
- $1,137,277
- Income (IRS master file)
- $1,475,819
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,475,819 | $1,464,941 | $1,137,277 | IRS |
| 990 | December 2023 | $1,356,291 | $1,298,850 | $1,022,687 | XML |
| 990 | December 2022 | $1,361,553 | $1,310,588 | $902,906 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 35-1494271).
Questions about QUARTER HORSE RACING ASSOCIATION OF INDIANA INC
- What is the EIN of QUARTER HORSE RACING ASSOCIATION OF INDIANA INC?
- The employer identification number (EIN) of QUARTER HORSE RACING ASSOCIATION OF INDIANA INC is 35-1494271.
- Is QUARTER HORSE RACING ASSOCIATION OF INDIANA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2011.
- Are donations to QUARTER HORSE RACING ASSOCIATION OF INDIANA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does QUARTER HORSE RACING ASSOCIATION OF INDIANA INC 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 QUARTER HORSE RACING ASSOCIATION OF INDIANA INC 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 QUARTER HORSE RACING ASSOCIATION OF INDIANA INC 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 QUARTER HORSE RACING ASSOCIATION OF INDIANA INC?
- The 990 for the year ended December 31, 2024 names TERESA MYERS.
- Who are the officers and directors of QUARTER HORSE RACING ASSOCIATION OF INDIANA INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $63,100 (TERESA MYERS, EXECUTIVE DIRECTOR).
- How much revenue does QUARTER HORSE RACING ASSOCIATION OF INDIANA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,475,819, expenses of $1,464,941 and total assets of $1,137,277 at year end.
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