Nonprofit · EIN 74-2731055
TEXAS HORSEMENS ASSISTANCE FUND INC
Tax-exempt · ELGIN, TX 78621
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $138,549 | $100,289 | $38,260 | $438,387 | – | $438,387 |
| December 31, 2023 | 990-EZ | $121,504 | $108,044 | $13,460 | $400,127 | – | $400,127 |
| December 31, 2021 | 990 | $205,420 | $79,024 | $126,396 | $323,605 | $0 | $323,605 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Program service revenue
- $138,549
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $100,289
- Program services (functional)
- $100,289
Balance sheet and other
- Total assets, start of year
- $400,127
- Total assets, end of year
- $438,387
- Total liabilities, end of year
- –
- Net assets, end of year
- $438,387
- Cash, savings and investments
- $400,126
- Gross receipts
- $138,549
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Tommy Hays | Director | 2 | $0 |
| Marsha Rountree | Chairman | 5 | $0 |
| John Synowsky | Director | 2 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Tommy Hays | Director | 2 | $0 |
| Marsha Rountree | Chairman | 5 | $0 |
| John Synowsky | Director | 2 | $0 |
990 for the year ended December 31, 2021: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Tommy Hays | Director Trustee or director | 2 | $0 |
| Marsha Rountree | Chairman Trustee or director, Officer | 5 | $0 |
| John Synowsky | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 471, ELGIN, TX 78621-0471
- Signed the 990-EZ
- Marsha Rountree, Director
- Phone
- (512) 467-9799
- Return prepared by
- Alexander Lievens LLP
Mission
This organization was formed to promote social welfare and create social improvement in certain areas of the State of Texas. The organization was created for that purpose by the horse racing industry operating in Texas after it was determined that benevolent assistance should be provided to a certain segment of that industry. It was therefore agreed to by the Texas Racing Commission, an agency of the State of Texas, and by each licensed racetrack in the state, that an amount of money equal to 1% of all purse moneys earned would be contributed to this organization. The funds are to be used to bring about social improvement at each trach and the surrounding community. This improvement is to be accomplished by the payment of benevolent assistance to a certain class of people as further discussed. The need for benevolent assistance is a result of the large number of indigent and poor people that are associated with the horse racing industry. Most are paid minimal wages and have no health i
Program accomplishments
- It was agreed to by the Texas Racing Commission, an agency of the State of Texas, and by each licensed racetrack in the State, that an amount of money equal to 1% of all purse moneys earned would be contributed to this organization. The funds are to be used to bring about social improvement at each track and the surrounding community. This improvement is to be accompolished by the payment of benevolent assistance to a certain class of people as further discussed. The need for benevolent assistance is a result of the large number of indigent and poor people that are associated with the horse racing industry. Most are paid minimal wages and have no health insurance or other benefits. Many are transient and thus have no permanent home or shelter. Drug and alcohol use is prevalent, but these are the people that are essential to the operations of horse racing events.Expenses $100,289
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 74-2731055
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $438,387
- Income (IRS master file)
- $138,549
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $138,549 | $100,289 | $438,387 | XML |
| 990-EZ | December 2023 | $121,504 | $108,044 | $400,127 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | $205,420 | $79,024 | $323,605 | XML |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | 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 74-2731055).
Questions about TEXAS HORSEMENS ASSISTANCE FUND INC
- What is the EIN of TEXAS HORSEMENS ASSISTANCE FUND INC?
- The employer identification number (EIN) of TEXAS HORSEMENS ASSISTANCE FUND INC is 74-2731055.
- Is TEXAS HORSEMENS ASSISTANCE FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to TEXAS HORSEMENS ASSISTANCE FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEXAS HORSEMENS ASSISTANCE FUND 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 TEXAS HORSEMENS ASSISTANCE FUND 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 TEXAS HORSEMENS ASSISTANCE FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of TEXAS HORSEMENS ASSISTANCE FUND INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does TEXAS HORSEMENS ASSISTANCE FUND INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $138,549, expenses of $100,289 and total assets of $438,387 at year end.
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