Nonprofit · EIN 42-1376030
IOWA THOROUGHBRED BREEDERS AND OWNERS ASSOCIATION
Tax-exempt · ALTOONA, IA 50009
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $594,297 | $451,726 | $142,571 | $1,269,313 | $137,302 | $1,132,011 |
| December 31, 2023 | 990 | $542,543 | $458,114 | $84,429 | $1,124,929 | $135,489 | $989,440 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $22,175
- Membership dues
- $22,175
- Program service revenue
- $528,811
- Investment income
- $41,183
- Net income from fundraising events
- $1,716
- Other revenue
- $2,128
Expenses
- Grants and similar amounts paid
- $3,500
- Other salaries and wages
- $53,320
- Salaries, compensation and benefits (total)
- $64,977
- Professional fundraising fees
- $0
- Accounting fees
- $9,300
- Depreciation
- $351
- Program services (functional)
- $281,438
- Management and general (functional)
- $170,288
Balance sheet and other
- Total assets, start of year
- $1,124,929
- Total assets, end of year
- $1,269,313
- Total liabilities, end of year
- $137,302
- Net assets, end of year
- $1,132,011
- Land, buildings and equipment
- $453
- Net assets without donor restrictions
- $1,105,784
- Net assets with donor restrictions
- $26,227
- Gross receipts
- $605,582
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1969
- State of legal domicile
- IA
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 |
|---|---|---|---|
| KRISTAL FREESE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PAM SCHUTZ | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| NIKKI FERWERDA | SEC/TREASURER Trustee or director, Officer | 1 | $0 |
| BONNIE BIRZER | DIRECTOR Trustee or director | 1 | $0 |
| STEVE RENFTLE | DIRECTOR Trustee or director | 1 | $0 |
| TYLER INGLE | DIRECTOR Trustee or director | 1 | $0 |
| PAUL FELL | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTA JORDAN | DIRECTOR Trustee or director | 1 | $0 |
| DEB MOSS | DIRECTOR Trustee or director | 1 | $0 |
| TANNER TRACY | DIRECTOR Trustee or director | 1 | $0 |
| DOUG VAIL | DIRECTOR Trustee or director | 1 | $0 |
| MIKE VANDERPOOL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTAL FREESE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PAM SCHUTZ | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| NIKKI FERWERDA | SEC/TREASURER Trustee or director, Officer | 1 | $0 |
| BONNIE BIRZER | DIRECTOR Trustee or director | 1 | $0 |
| STEVE RENFTLE | DIRECTOR Trustee or director | 1 | $0 |
| TYLER INGLE | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT ROE | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTA JORDAN | DIRECTOR Trustee or director | 1 | $0 |
| DEB MOSS | DIRECTOR Trustee or director | 1 | $0 |
| TANNER TRACY | DIRECTOR Trustee or director | 1 | $0 |
| DOUG VAIL | DIRECTOR Trustee or director | 1 | $0 |
| MIKE VANDERPOOL | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1 PRAIRIE MEADOWS DR, ALTOONA, IA 50009-2100
- Principal officer (990 for 2024)
- KRISTAL FREESE, 1 PRAIRIE MEADOWS DRIVE, ALTOONA, IA 50023
- Signed the 990
- STEVE RENFTLE, PRESIDENT
- Phone
- (515) 957-3002
- Return prepared by
- ROOF GERDES ERLBACHER PLC
Mission
TO PROMOTE BREEDING & RACING OF THOROUGHBRED HORSES IN IOWA
Program accomplishments
- PROMOTION OF BREEDING & RACING OF THOROUGHBRED HORSES IN IOWA BY SPONSORING IOWA BRED RACES, RECOGNIZING IOWA HORSES & OWNERS, HOLDING SALES & PROVIDING INFORMAITON ON OWNING AN IOWA BRED HORSE AND THE IOWA BRED PROGRAMExpenses $281,438
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
- 42-1376030
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,269,313
- Income (IRS master file)
- $605,582
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $594,297 | $451,726 | $1,269,313 | XML |
| 990 | December 2023 | $542,543 | $458,114 | $1,124,929 | XML |
| 990 | December 2022 | $477,398 | $451,911 | $1,044,750 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 42-1376030).
Questions about IOWA THOROUGHBRED BREEDERS AND OWNERS ASSOCIATION
- What is the EIN of IOWA THOROUGHBRED BREEDERS AND OWNERS ASSOCIATION?
- The employer identification number (EIN) of IOWA THOROUGHBRED BREEDERS AND OWNERS ASSOCIATION is 42-1376030.
- Is IOWA THOROUGHBRED BREEDERS AND OWNERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1998.
- Are donations to IOWA THOROUGHBRED BREEDERS AND OWNERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA THOROUGHBRED BREEDERS AND OWNERS 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 IOWA THOROUGHBRED BREEDERS AND OWNERS 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 IOWA THOROUGHBRED BREEDERS AND OWNERS 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 IOWA THOROUGHBRED BREEDERS AND OWNERS ASSOCIATION?
- The 990 for the year ended December 31, 2024 names KRISTAL FREESE.
- Who are the officers and directors of IOWA THOROUGHBRED BREEDERS AND OWNERS ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does IOWA THOROUGHBRED BREEDERS AND OWNERS ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $594,297, expenses of $451,726 and total assets of $1,269,313 at year end.
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