Civic Intelligence

Indiana Horsemen'S Benevolent & Protective Association Inc

EIN 31-1390231 • 501(c)6 • Fairland, IN

Profile

The association's mission is to promote, develop and improve the horse racing industry in indiana. The association's motto is: "we are horsemen helping horsemen."

PO Box 228Fairland, IN 46126

www.inhbpa.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.01x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

21st percentile

-4.9%

Higher net margin than 21% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$128,670

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

21st percentile

-5.0%

Faster asset growth than 21% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-0.9%

Faster revenue growth than 30% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,312,803

Down $30,298 (-2.3%) from 2022

Liabilities

Down

$18,691

Down $6,138 (-25%) from 2022

Net Assets

Down

$1,294,112

Down $24,160 (-1.8%) from 2022

Revenue

Down

$1,565,822

Down $71,544 (-4.4%) from 2022

Expenses

Up

$1,641,920

Up $272,700 (+20%) from 2022

Net Income

Down

-$76,098

Down $344,244 (-128%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2016: $720,774Liabilities 2016: $57,305Net Assets 2016: $663,4692016Assets 2017: $779,882Liabilities 2017: $13,620Net Assets 2017: $766,2622017Assets 2018: $739,689Liabilities 2018: $22,239Net Assets 2018: $717,4502018Assets 2019: $788,710Liabilities 2019: $27,245Net Assets 2019: $761,4652019Assets 2020: $746,247Liabilities 2020: $6,291Net Assets 2020: $739,9562020Assets 2021: $1,082,083Liabilities 2021: $31,957Net Assets 2021: $1,050,1262021Assets 2022: $1,343,101Liabilities 2022: $24,829Net Assets 2022: $1,318,2722022Assets 2024: $1,312,803Liabilities 2024: $18,691Net Assets 2024: $1,294,1122024

Highlighted filing

2024

Assets$1,312,803
Liabilities$18,691
Net Assets$1,294,112

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2016: $1,276,226Expenses 2016: $1,210,237Net Income 2016: $65,9892016Revenue 2017: $1,308,309Expenses 2017: $1,205,516Net Income 2017: $102,7932017Revenue 2018: $1,318,512Expenses 2018: $1,367,324Net Income 2018: -$48,8122018Revenue 2019: $1,349,077Expenses 2019: $1,305,063Net Income 2019: $44,0142019Revenue 2020: $1,052,165Expenses 2020: $1,073,674Net Income 2020: -$21,5092020Revenue 2021: $1,583,236Expenses 2021: $1,273,066Net Income 2021: $310,1702021Revenue 2022: $1,637,366Expenses 2022: $1,369,220Net Income 2022: $268,1462022Revenue 2024: $1,565,822Expenses 2024: $1,641,920Net Income 2024: -$76,0982024

Highlighted filing

2024

Revenue$1,565,822
Expenses$1,641,920
Net Income-$76,098

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 21, 2023
Return Version
2022v5.0
Gross Receipts
$1,637,366
Mission and Program Overview

Mission

The association's mission is to promote, develop and improve the horse racing industry in indiana. The association's motto is: "we are horsemen helping horsemen."

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$867,157$1,109,467▲ $242,310
Accounts Receivable$132,140$111,930▼ $20,210
Land, Buildings, and Equipment, Net$67,639$107,005▲ $39,366
Savings and Temporary Cash Investments$10,077$10,078▲ $1
Prepaid Expenses and Deferred Charges$5,070$4,621▼ $449
Total Assets$1,082,083$1,343,101▲ $261,018
Liabilities
Accounts Payable and Accrued Expenses$30,849$24,657▼ $6,192
Other Liabilities$1,108$172▼ $936
Total Liabilities$31,957$24,829▼ $7,128
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,050,126$1,318,272▲ $268,146
Total Net Assets Fund Balance$1,050,126$1,318,272▲ $268,146
Total Liabilities and Net Assets / Fund Balance$1,082,083$1,343,101▲ $261,018

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$107,005$108,238$215,243
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brian J ElmoreExecutive DiFT$128,670$128,670
Lisa E StephensBenevolenceFT$74,817$74,817

Board Members and Trustees

NameTitle
Joe DavisPresident
Antonio DuranDirector
Chris WalshDirector
Cynthia GastelDirector
Jay HoldenDirector
Penny LauerDirector
Randy KloppDirector
Ron MckayDirector
Scott MullinsDirector
Kathryn Kunz-duran1st Vice Pre
Mike Lauer2nd Vice Pre
Revenue and Support

Revenue Composition

Contributions and Grants
$65,000
Program Service Revenue
$1,571,974
Investment Income
$392
Other Revenue
$0
All Other Contributions
$65,000
Change in Net Assets
$268,146

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles1$65,000Nada Value
Total Noncash Contributions1$65,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$671,000
Other Expenses$383,731
Salaries, Compensation, and Employee Benefits$314,489
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals---$587,000
Current Officers, Directors, Trustees, and Key Employees---$203,487
Other Salaries and Wages---$86,170
Fees for Services Lobbying---$86,126
Grants to Domestic Orgs---$84,000
Fees for Services Accounting---$72,564
Conferences and Meetings---$42,649
Payments to Affiliates---$29,000
Fees for Services Legal---$25,699
Depreciation Depletion---$25,633
Advertising---$24,996
Payroll Taxes---$24,832
Travel---$18,513
Insurance---$14,215
Office Expenses---$9,439
Other Expenses---$5,762
All Other Expenses---$5,035
Total Functional Expenses$0$0$0$1,369,220
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tri-state Thoroughbred Rehab and ReFlorence, KY(3)Horse Retirement$30,000
New Vocations Racehorse Adoption PrLexington, KY(3)Horse Retirement$25,000
Permanently Disabled Jockeys FundElmurst, IL(3)-$25,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$240,835
Current Year Nondeductible Lobbying and Political Cost$86,126
Political Expenditures$8,000
Total Exempt Function Spending$8,000

Section 527 Organizations

OrganizationLocationAmount
-Indianapolis, IN$1,500
-Indianapolis, IN$1,500
-Indianapolis, IN$500
-Indianapolis, IN$500
-Greenfield, IN$400
-New Palestine, IN$400
-Anderson, IN$400
-Jasper, IN$400
-Kokomo, IN$400
-Indianapolis, IN$400
-Terre Haute, IN$400
-Shelbyvillle, IN$400
-Martinsville, IN$300
-Lafayette, IN$300
-Bremen, IN$200
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Payroll Taxes$172
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Mike lauer penny lauer director director family relationship

Form 990, Page 6, Part VI, Line 6

The association had 1,700 members in 2022.

Form 990, Page 6, Part VI, Line 7A

The members elect the board of directors every three years.

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed and approved by the association's president and executive director prior to filing.

Form 990, Page 6, Part VI, Line 12C

The association's board members and officers must sign and file with the indiana horse racing commission a certification each year that the association's expenditures for the year were in accordance with the indiana code governing the funds received under indiana code 4-35-7-12. The indiana horse racing commission establishes the conflict of interest policy to be followed by the association and requires each board member and officer of the association to sign a statement that they have read and understand the policy.

Form 990, Page 6, Part VI, Line 19

The association's organizing documents are available to the public at the indiana secretary of state website https://inbiz.in.gov/bos/publicsearch/search all other governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
INDIANA HORSEMEN'S BENEVOLENT &
EIN
31-1390231
Phone
7656020915
Address
PO BOX 228, FAIRLAND, IN 46126

Signing Officer

Name
Brian J Elmore
Title
Executive Director
Phone
7656020915
Signed
2023-08-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian J Elmore
Formed
1997
Legal Domicile
In
Voting Board Members
11
Independent Board Members
11
Employees
7
Volunteers
11

Preparer

Firm
Hash CPA Group LLC
Address
PO BOX 637, FRANKLIN, IN 46131-0637
Preparer
Dennis J Hash
Phone
3177382366
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

The volunteers consist of the association's president and board of directors that receive no compensation for their services.

Raw XML AppendixShowing 400 of 579 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt0240835
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IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0CITIZENS FOR CRIDER
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt1COMMITTEE TO ELECT BOB CHERRY
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt2COMMITTEE TO ELECT TERRI AUSTIN
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt3HOUSE REPUBLICAN CAMPAIGN COMMITTEE
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt4INDIANA HOUSE DEMOCRATIC CAUCUS
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt5INDIANA STATE DEMOCRATIC COMMITTEE
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt6MARKMESSMERCOM
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt7FRIENDS OF KARICKHOFF
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt8MISHLER FOR STATE SENATE
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt9RODRIC D BRAY FOR STATE SENATE
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt10RON ALTING FOR STATE SENATE COMMITT
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt11SENATE MAJORITY CAMPAIGN COMMITTEE
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt12TODD HUSTON FOR STATE REPRESENTATIV
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt13COMMITTEE TO ELECT JON FORD
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IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt4500
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IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt14320 W EAGLE TRACE DRIVE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt21030 W RIVERVIEW DRIVE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt3101 WEST OHIO STREET SUITE 2200
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt4PO BOX 1671
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt5115 W WASHINGTON STE 1165
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt6795 E SCHERLE LN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt7PO BOX 6772
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt8PO BOX 202
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt9489 N JEFFERSON STREET
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt10PO BOX 186
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt11PO BOX 2182
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt12PO BOX 1461
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt1348 GREENHAVEN CT
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt14PO BOX 1148
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0GREENFIELD
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm1NEW PALESTINE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm2ANDERSON
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm3INDIANAPOLIS
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm4INDIANAPOLIS
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm5INDIANAPOLIS
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm6JASPER
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm7KOKOMO
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm8BREMEN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm9MARTINSVILLE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm10LAFAYETTE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm11INDIANAPOLIS
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm12INDIANAPOLIS
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm13TERRE HAUTE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm14SHELBYVILLLE
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IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd4IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd5IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd6IN
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IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd10IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd11IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd12IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd13IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd14IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd046140
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd146163
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd246011
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd346204
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd446206
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd546204
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd647546
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd746904
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd846506
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd946151
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd1047902
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd1146206
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd1246206
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd1347802
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0DIRECT CONTRIBUTIONS TO COMMITTEES AND CANDIDATES FOR THE INDIANA SENATE AND THE INDIANA HOUSE OF REPRESENTATIVES . . .
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt1MARKMESSMER.COM 400 0 795 E SCHERLE LN, JASPER, IN 47546 FRIENDS OF KARICKHOFF 400 0 P.O. BOX 6772, KOKOMO, IN 46904 MISHLER FOR STATE SENATE 200 0 P.O. BOX 202, BREMEN, IN 46506 RODRIC D BRAY FOR STATE SENATE 300 0 489 N JEFFERSON STREET, MARTINSVILLE, IN 46151 RON ALTING FOR STATE SENATE COMMITT 300 0 P.O. BOX 186, LAFAYETTE, IN 47902 SENATE MAJORITY CAMPAIGN COMMITTEE 1,500 0 P.O. BOX 2182, INDIANAPOLIS, IN 46206 TODD HUSTON FOR STATE REPRESENTATIV 400 0 P.O. BOX 1461, INDIANAPOLIS, IN 46206 COMMITTEE TO ELECT JON FORD 400 0 48 GREENHAVEN CT, TERRE HAUTE, IN 47802 ROBBGREENE.COM 400 0 P.O. BOX 1148, SHELBYVILLLE, IN 46176
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE C, PART I-C, LINE 5
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt597559
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt643195

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