Nonprofit · EIN 73-1348198
OKLAHOMA QUARTER HORSE RACING ASSOCIATION INC
Also known as OQHRA INC
Tax-exempt · EDMOND, OK 73013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,537,482 | $2,459,902 | $77,580 | $3,777,288 | $1,208,295 | $2,568,993 |
| December 31, 2023 | 990 | $2,453,196 | $2,426,127 | $27,069 | $3,779,333 | $1,287,920 | $2,491,413 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,425,424
- Investment income
- $66,996
- Other revenue
- $45,062
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $449,349
- Salaries, compensation and benefits (total)
- $479,800
- Professional fundraising fees
- $0
- Legal fees
- $28,221
- Accounting fees
- $15,875
- Occupancy
- $48,477
- Travel
- $18,306
- Depreciation
- $3,869
- Program services (functional)
- $2,459,902
Balance sheet and other
- Total assets, start of year
- $3,779,333
- Total assets, end of year
- $3,777,288
- Total liabilities, end of year
- $1,208,295
- Net assets, end of year
- $2,568,993
- Land, buildings and equipment
- $11,722
- Net assets without donor restrictions
- $1,700,612
- Net assets with donor restrictions
- $868,381
- Gross receipts
- $2,537,482
- Employees
- 5
- Year formed
- 1989
- State of legal domicile
- OK
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 |
|---|---|---|---|
| JEFF TEBOW | DIRECTOR Trustee or director | – | $0 |
| MATT WITMAN | DIRECTOR/VIC Trustee or director | – | $0 |
| WENDY INGERSOLL KEENER | DIRECTOR/TRE Trustee or director | – | $0 |
| ANGIE DEAN | DIRECTOR Trustee or director | – | $0 |
| CONNIE BARNES | DIRECTOR/SEC Trustee or director | – | $0 |
| STACY CHARETTE HILL | DIRECTOR Trustee or director | – | $0 |
| CARL PEVEHOUSE | DIRECTOR Trustee or director | – | $0 |
| BEN HUDSON | OUT STATE DI Trustee or director | – | $0 |
| LAKE NEWCOMB | DIRECTOR/PRE Trustee or director, Officer | – | $0 |
| GARY WALKER | DIRECTOR Trustee or director | – | $0 |
| BUTCH WISE | DIRECTOR/EME Trustee or director | – | $0 |
| STEVE HOLT | DIRECTOR Trustee or director | – | $0 |
| ED MELZER | DIRECTOR/EME Trustee or director | – | $0 |
| ALLEN HYBSHA | TRUSTEE/DIRE Trustee or director | – | $0 |
| MICAH MCKINNEY | DIRECTOR Trustee or director | – | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEE RAPER | TRUSTEE/DIRE Trustee or director | – | $0 |
| WILLIAM SMITH | DIRECTOR Trustee or director | – | $0 |
| EDDIE WILLIS | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRED STANLEY | DIRECTOR EME Trustee or director | – | $0 |
| JEFF TEBOW | DIRECTOR Trustee or director | – | $0 |
| PHILLIP STEWART | DIRECTOR EME Trustee or director | – | $0 |
| JOHN BACHELOR | DIRECTOR Trustee or director | – | $0 |
| CONNIE BARNES | DIRECTOR Trustee or director | – | $0 |
| STACY CHARETTE | DIRECTOR Trustee or director | – | $0 |
| CHERYL PEVEHOUSE | DIRECTOR Trustee or director | – | $0 |
| BEN HUDSON | OUT STATE DI Trustee or director | – | $0 |
| LAKE NEWCOMB | DIRECTOR/SEC Trustee or director, Officer | – | $0 |
| GARY WALKER | DIRECTOR Trustee or director | – | $0 |
| ANDY GOLDEN | DIRECTOR/EME Trustee or director | – | $0 |
| BUTCH WISE | DIRECTOR/EME Trustee or director | – | $0 |
| LEANN BURNS | DIRECTOR Trustee or director | – | $0 |
| ED MELZER | DIRECTOR/EME Trustee or director | – | $0 |
| GR CARTER | DIRECTOR/PRE Trustee or director, Officer | – | $0 |
| SHARI MERRICK-BURGER | DIRECTOR Trustee or director | – | $0 |
| TIM TALLCHIEF | DIRECTOR/VIC Trustee or director, Officer | – | $0 |
| KATHY MCNALLY | DIRECTOR Trustee or director | – | $0 |
| DURK PEERY | DIRECTOR Trustee or director | – | $0 |
| DOUG RUBY | DIRECTOR Trustee or director | – | $0 |
| COLE MOOREHEAD | DIRECTOR Trustee or director | – | $0 |
| MIKE HOWELL | DIRECTOR Trustee or director | – | $0 |
| NANCY WELLS | DIRECTOR Trustee or director | – | $0 |
| ABRAHAM NIETO | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 3317 E MEMORIAL RD STE 102, EDMOND, OK 73013-7095
- Principal officer (990 for 2024)
- LAKE NEWCOMB, 19653 EAST 1180 ROAD, ELK CITY, OK 73644
- Signed the 990
- LAKE NEWCOMB, DIRECTOR/PRESIDENT
- Phone
- (405) 216-0440
- Website
- WWW.OQHRA.COM
- Return prepared by
- LESLIE C VAUGHN CPA PLLC
Mission
TO PROMOTE AND PROTECT THE INTEREST OF THE OKLAHOMA RACING QUARTER HORSE AND THE OWNERS, BREEDERS, AND TRAINERS OF RACING QUARTER HORSES AND ALL OTHER BREEDS PARTICIPATING IN RACING IN OKLAHOMA TO PROVIDE A FORUM FOR DISCUSSION OF LEGISLATIVE ISSUES WHICH MIGHT IMPACT QUARTER HORSE RACING AND BREEDING AND ALL OF THE OTHER BREEDS PARTICIPATING IN RACING AND BREEDING OF RACEHORSES IN OKLAHOMA; TO PROVIDE A VEHICLE FOR UNITED ACTION ON SUCH ISSUES WITH THE LEGISLATURE, THE OKLAHOMA HORSE RACING COMMISSION AND OTHER RACE OR BREED ORGANIZATIONS IN OKLAHOMA RACE TRACKS AND; TO REPRESENT OFFICIALLY OR UNOFFICIALLY OWNERS, TRAINERS AND BREEDERS AT ALL OKLAHOMA RACE TRACKS AND; TO ACTIVELY AND AGGRESSIVELY PROMOTE RACING OF ALL BREEDS INCLUDING QUARTER HORSE RACING TO THE PUBLIC, AND; TO PROMOTE RESEARCH IN EQUINE HEALTH, BREEDING AND TRAINING AND TO EDUCATE THE MEMBERSHIP IN NEW IDEAS AND TECHNIQUES, AND; TO EDUCATE AND INFORM THE PUBLIC ABOUT THE RACING QUARTER HORSE IN OKLAHOMA TO IMPROVE TH
Program accomplishments
- PROVIDING ADMINISTRATIVE SUPPORT, LEADERSHIP, FINANCIAL ASSISTANCE AND REPRESENTATION FOR THE QUARTER HORSE INDUSTRY PARTICIPANTS AT THE RACETRACK AND STATE REGULATORY AGENCY AS DIRECTED BY OKLAHOMA STATUTES.
- IMPLEMENT AND ADMINISTER VARIOUS PROGRAMS TO ENCOURAGE INCREASED PARTICIPATION IN OKLAHOMA HORSE RACING (FUTURITIES, DERBIES) AND PROMOTION SUPPORT TO INCREASE PUBLIC AWARENESS OF THE SPORT.
- DEVELOP, MAINTAIN AND DISTRIBUTE VARIOUS FORMS OF COMMUNICATION (NEWSLETTER, EMAIL, WEBSITE) DESIGNED TO PROVIDE INFORMATION AND DIRECTION TO THE QUARTER HORSE INDUSTRY PARTICIPANTS.
- ADMINISTRATION AND MAINTENANCE OF INDUSTRY SCHOLARSHIPS, AWARDS AND BENEVOLENCE FUNDS.
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
- 73-1348198
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,777,288
- Income (IRS master file)
- $2,537,482
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,537,482 | $2,459,902 | $3,777,288 | XML |
| 990 | December 2023 | $2,453,196 | $2,426,127 | $3,779,333 | XML |
| 990 | December 2022 | $2,832,608 | $2,635,153 | $3,559,305 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 73-1348198).
Questions about OKLAHOMA QUARTER HORSE RACING ASSOCIATION INC
- What is the EIN of OKLAHOMA QUARTER HORSE RACING ASSOCIATION INC?
- The employer identification number (EIN) of OKLAHOMA QUARTER HORSE RACING ASSOCIATION INC is 73-1348198.
- Is OKLAHOMA QUARTER HORSE RACING ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1991.
- Are donations to OKLAHOMA QUARTER HORSE RACING ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OKLAHOMA QUARTER HORSE RACING ASSOCIATION 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 OKLAHOMA QUARTER HORSE RACING ASSOCIATION 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 OKLAHOMA QUARTER HORSE RACING ASSOCIATION 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 OKLAHOMA QUARTER HORSE RACING ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names LAKE NEWCOMB.
- Who are the officers and directors of OKLAHOMA QUARTER HORSE RACING ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 0 received compensation from the organization.
- How much revenue does OKLAHOMA QUARTER HORSE RACING ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,537,482, expenses of $2,459,902 and total assets of $3,777,288 at year end.
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