Nonprofit · EIN 85-0198658
NEW MEXICO HORSEMENS ASSOCIATION
Tax-exempt · ALBUQUERQUE, NM 87198
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $58,656 | $165,204 | -$106,548 | $1,910,394 | $367,078 | $1,543,316 |
| December 31, 2023 | 990 | $49,751 | $221,592 | -$171,841 | $1,896,972 | $247,108 | $1,649,864 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $25,844
- Program service revenue
- $0
- Investment income
- $32,812
- Net gain from sales of assets
- -$9,780
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $21,308
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $51,452
- Accounting fees
- $23,789
- Occupancy
- $14,838
- Travel
- $605
- Depreciation
- $11,568
- Program services (functional)
- $77,830
- Management and general (functional)
- $87,374
Balance sheet and other
- Total assets, start of year
- $1,896,972
- Total assets, end of year
- $1,910,394
- Total liabilities, end of year
- $367,078
- Net assets, end of year
- $1,543,316
- Land, buildings and equipment
- $140,259
- Net assets without donor restrictions
- $1,543,316
- Gross receipts
- $77,436
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1966
- State of legal domicile
- NM
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 |
|---|---|---|---|
| ADAM ARCHULETA | DIRECTOR Trustee or director | 1 | $0 |
| DENISE CHAMBLISS | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK SANDERS | DIRECTOR Trustee or director | 1 | $0 |
| LARRY STRAIN | DIRECTOR Trustee or director | 1 | $0 |
| CELIO TRUJILLO JR | DIRECTOR Trustee or director | 1 | $0 |
| DR PAUL JENSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SUSAN PRATHER | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| PAMELA SENA | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADAM ARCHELUTA | DIRECTOR Trustee or director | 1 | $0 |
| SEAN ALFORTISH | DIRECTOR Trustee or director | 1 | $0 |
| BERNADETTE BARRIOS | DIRECTOR Trustee or director | 1 | $0 |
| DENISE CHAMBLISS | DIRECTOR Trustee or director | 1 | $0 |
| JOSE R GONZALES JR | DIRECTOR Trustee or director | 1 | $0 |
| LARRY STRAIN | DIRECTOR Trustee or director | 1 | $0 |
| JILL GILES | DIRECTOR Trustee or director | 1 | $0 |
| DR PAUL JENSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SUSAN PRATHER | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| PAMELA SENA | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 8695, ALBUQUERQUE, NM 87198-8695
- Principal officer (990 for 2024)
- DR PAUL JENSON, 217 PALOMAS NE, ALBUQUERQUE, NM 87108
- Signed the 990
- DR PAUL JENSON, PRESIDENT
- Phone
- (505) 266-7056
- Website
- WWW.NMHARACING.COM
- Return prepared by
- TAYLOR ROTH AND COMPANY
Mission
TO ACTIVELY PROMOTE THE GENERAL WELFARE AND HEALTH OF LICENSED OWNERS, TRAINERS, AND GROOMS (THE HORSEMEN) WHO RACE IN THE STATE OF NEW MEXICO.
Program accomplishments
- THE ASSOCIATION PROMOTES THE GENERAL WELFARE OF MEMBERS (NEW MEXICO HORSEMEN) BY FOSTERING A HIGHER LEVEL OF PUBLIC AWARENESS AND ACCEPTANCE OF THE HORSE RACING INDUSTRY IN THE STATE OF NEW MEXICO. THE ASSOCIATION ALSO REPRESENTS MEMBERS BY: (1)BEING PRESENT AT EVERY SINGLE GENERAL MEETING OF THE NEW MEXICO RACING COMMISSION TO PROTECT THE INTERESTS OF MEMBERS;AND (2)SERVING AS THE OFFICIAL LIAISON BETWEEN THE HORSEMEN AND TRACK MANAGEMENT AND STATE REGULATORY AUTHORITIES.Expenses $77,830 · grants $21,308
- THE ASSOCIATION MAINTAINS A MEDICAL BENEFIT FUND FOR THE HEALTH AND WELL- BEING OF MEMBERS, PROVIDING ILLNESS AND ACCIDENT MEDICAL ASSISTANCE PAYMENTS TO QUALIFIED MEMBERS UP TO 1,250 FOR ILLNESS AND ACCIDENTS PER YEAR. THIS INCLUDES RECEIVING AND HOLDING IN CUSTODY FUNDS RECEIVED BY NEW MEXICO STATUTE FOR MEMBER MEDICAL BENEFITS AND THE DISBURSEMENT OF THESE BENEFITS TO MEMBERS AS MANDATED BY STATUTE.
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
- 85-0198658
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,910,394
- Income (IRS master file)
- $77,436
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $58,656 | $165,204 | $1,910,394 | IRS |
| 990 | December 2023 | $49,751 | $221,592 | $1,896,972 | XML |
| 990 | December 2022 | $19,546 | $596,343 | $1,974,825 | 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 85-0198658).
Questions about NEW MEXICO HORSEMENS ASSOCIATION
- What is the EIN of NEW MEXICO HORSEMENS ASSOCIATION?
- The employer identification number (EIN) of NEW MEXICO HORSEMENS ASSOCIATION is 85-0198658.
- Is NEW MEXICO HORSEMENS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1968.
- Are donations to NEW MEXICO HORSEMENS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW MEXICO HORSEMENS 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 NEW MEXICO HORSEMENS 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 NEW MEXICO HORSEMENS 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 NEW MEXICO HORSEMENS ASSOCIATION?
- The 990 for the year ended December 31, 2024 names DR PAUL JENSON.
- Who are the officers and directors of NEW MEXICO HORSEMENS ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does NEW MEXICO HORSEMENS ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $58,656, expenses of $165,204 and total assets of $1,910,394 at year end.
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