Nonprofit · EIN 74-2785702
TEXAS HORSEMENS PARTNERSHIP LLP
Tax-exempt · ELGIN, TX 78621
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $796,572 | $925,803 | -$129,231 | $366,273 | $3,577 | $362,696 |
| December 31, 2023 | 990 | $822,970 | $906,654 | -$83,684 | $495,507 | $3,580 | $491,927 |
| December 31, 2021 | 990 | $937,297 | $854,434 | $82,863 | $532,968 | $86,110 | $446,858 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $796,042
- Investment income
- $530
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $105,750
- Other salaries and wages
- $284,065
- Salaries, compensation and benefits (total)
- $389,815
- Professional fundraising fees
- $0
- Occupancy
- $70,965
- Travel
- $30,320
- Depreciation
- $3,067
- Program services (functional)
- $303,456
- Management and general (functional)
- $622,347
Balance sheet and other
- Total assets, start of year
- $495,507
- Total assets, end of year
- $366,273
- Total liabilities, end of year
- $3,577
- Net assets, end of year
- $362,696
- Land, buildings and equipment
- $6,651
- Publicly traded securities
- $10,126
- Net assets without donor restrictions
- $362,696
- Gross receipts
- $796,572
- Employees
- 5
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 |
|---|---|---|---|
| Marsha Rountree | Executive Dir. Trustee or director, Officer | 40 | $105,750 |
| Pete Scarmardo | Director Trustee or director | 5 | $0 |
| Dr Tommy Hays | Chairman Trustee or director, Officer | 5 | $0 |
| Richard Penn | Director Trustee or director | 5 | $0 |
| John Synowsky | Director Trustee or director | 5 | $0 |
| Kie Mushinski | Director Trustee or director | 5 | $0 |
| Danny Pish | Director Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marsha Rountree | Executive Dir. Trustee or director, Officer | 40 | $103,530 |
| Pete Scarmardo | Director Trustee or director | 5 | $0 |
| Dr Tommy Hays | Chairman Trustee or director, Officer | 5 | $0 |
| Richard Penn | Director Trustee or director | 5 | $0 |
| John Synowsky | Director Trustee or director | 5 | $0 |
| Kie Mushinski | Director Trustee or director | 5 | $0 |
| Danny Pish | Director Trustee or director | 5 | $0 |
990 for the year ended December 31, 2021: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marsha Rountree | Executive Dir. Trustee or director, Officer | 40 | $98,600 |
| Pete Scarmardo | Director Trustee or director | 0 | $0 |
| Dr Tommy Hays | Chairman Trustee or director, Officer | 5 | $0 |
| Rick Penn | Director Trustee or director | 5 | $0 |
| John Synowsky | Director Trustee or director | 5 | $0 |
| Kie Mushinski | Director Trustee or director | 5 | $0 |
| Danny Pish | Director Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 471, ELGIN, TX 78621-0471
- Principal officer (990 for 2024)
- Marsha Rountree, PO Box 471, Elgin, TX 78621
- Signed the 990
- Marsha Rountree, Director
- Phone
- (512) 467-9799
- Return prepared by
- Alexander Lievens LLP
Mission
The purpose for which Texas Horsemen's Partnership is formed is to function as the officially recognized "horsemen's orgainzation" for all Pari-mutuel horseracing meets held in the state of Texas during the period of duration of the partnership, as the term is defined in the rules of racing promulgated under the Texas Racing act.
Program accomplishments
- The purpose for which Texas Horsemen's Partnership is formed is to function as the officially recognized "horsemen's organization" for all Pari-mutuel horseracing meets held in the state of Texas during the period of duration of the partnership, as the term is defined in the rules of racing promulgated under the Texas Racing act.Expenses $303,456
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
- 74-2785702
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S410)
- Assets (IRS master file)
- $366,273
- Income (IRS master file)
- $796,572
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $796,572 | $925,803 | $366,273 | IRS |
| 990 | December 2023 | $822,970 | $906,654 | $495,507 | XML |
| 990 | December 2022 | $995,740 | $866,987 | $576,841 | IRS |
| 990 | December 2021 | $937,297 | $854,434 | $532,968 | XML |
| 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 74-2785702).
Questions about TEXAS HORSEMENS PARTNERSHIP LLP
- What is the EIN of TEXAS HORSEMENS PARTNERSHIP LLP?
- The employer identification number (EIN) of TEXAS HORSEMENS PARTNERSHIP LLP is 74-2785702.
- Is TEXAS HORSEMENS PARTNERSHIP LLP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2004.
- Are donations to TEXAS HORSEMENS PARTNERSHIP LLP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TEXAS HORSEMENS PARTNERSHIP LLP 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 PARTNERSHIP LLP 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 PARTNERSHIP LLP 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 TEXAS HORSEMENS PARTNERSHIP LLP?
- The 990 for the year ended December 31, 2024 names Marsha Rountree.
- Who are the officers and directors of TEXAS HORSEMENS PARTNERSHIP LLP?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $105,750 (Marsha Rountree, Executive Dir.).
- How much revenue does TEXAS HORSEMENS PARTNERSHIP LLP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $796,572, expenses of $925,803 and total assets of $366,273 at year end.
Other nonprofits in ELGIN
- DOWNTOWN ELGIN EIN 87-1902977 · last filed 990-EZ for 2025
- TEXAS QUARTER HORSE ASSOCIATION EIN 75-1585875 · last filed 990 for 2024
- DOWN HOME RANCH INC EIN 74-2536461 · last filed 990 for 2024
- TEXAS POLICE CHIEFS ASSOCIATION EIN 75-1758544 · last filed 990 for 2025
- TEXAS CENTER FOR LOCAL FOOD EIN 83-4492979 · last filed 990 for 2025
- TEXAS POLICE CHIEFS ASSOCIATION FOUNDATION EIN 20-2956522 · last filed 990 for 2025
- CASA DE MIEL EIN 83-2083208 · last filed 990-PF for 2024
- SIMPLE PROMISE FARMS EIN 84-2236481 · last filed 990 for 2024
All nonprofits in ELGIN · Texas · Community improvement and capacity building