Civic Intelligence

Illinois Harness Horsemen'S Association

EIN 36-2326042 • 501(c)6 • Hinsdale, IL

Profile

To preserve, promote and maintain harness horse racing in the state of illinois.

15 Spinning Wheel Road 432Hinsdale, IL 60521

harnessillinois.com

Siviq Scores

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

Liabilities / Assets

68th percentile

0.17x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.16x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

17th percentile

-10%

Higher net margin than 17% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

84th percentile

$139,680

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 21.6% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

17th percentile

-12%

Faster asset growth than 17% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

-1.3%

Faster revenue growth than 33% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$608,308

Up $20,613 (+3.5%) from 2022

Liabilities

Up

$104,089

Up $39,474 (+61%) from 2022

Net Assets

Down

$504,219

Down $18,861 (-3.6%) from 2022

Revenue

Up

$646,399

Up $4,555 (+0.7%) from 2022

Expenses

Up

$712,912

Up $137,466 (+24%) from 2022

Net Income

Down

-$66,513

Down $132,911 (-200%) from 2022

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2019: $349,548Liabilities 2019: $50,667Net Assets 2019: $298,8812019Assets 2020: $440,856Liabilities 2020: $66,160Net Assets 2020: $374,6962020Assets 2021: $473,505Liabilities 2021: $16,823Net Assets 2021: $456,6822021Assets 2022: $587,695Liabilities 2022: $64,615Net Assets 2022: $523,0802022Assets 2024: $608,308Liabilities 2024: $104,089Net Assets 2024: $504,2192024

Highlighted filing

2024

Assets$608,308
Liabilities$104,089
Net Assets$504,219

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2019: $225,967Expenses 2019: $238,965Net Income 2019: -$12,9982019Revenue 2020: $675,146Expenses 2020: $599,331Net Income 2020: $75,8152020Revenue 2021: $641,249Expenses 2021: $559,263Net Income 2021: $81,9862021Revenue 2022: $641,844Expenses 2022: $575,446Net Income 2022: $66,3982022Revenue 2024: $646,399Expenses 2024: $712,912Net Income 2024: -$66,5132024

Highlighted filing

2024

Revenue$646,399
Expenses$712,912
Net Income-$66,513

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 9, 2025
Return Version
2024v5.1
Gross Receipts
$646,399
Mission and Program Overview

Mission

To preserve, promote and maintain harness horse racing in the state of illinois.

TRADE ASSOCIATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$398,791$266,765▼ $132,026
Savings and Temporary Cash Investments$224,871$232,910▲ $8,039
Accounts Receivable$1,000$53,700▲ $52,700
Prepaid Expenses and Deferred Charges$9,625$10,381▲ $756
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$692,796$608,308▼ $84,488
Other Assets Total$58,509$44,552▼ $13,957
Liabilities
Accounts Payable and Accrued Expenses$58,177$55,131▼ $3,046
Other Liabilities$63,887$48,958▼ $14,929
Total Liabilities$122,064$104,089▼ $17,975
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$570,732$504,219▼ $66,513
Total Net Assets Fund Balance$570,732$504,219▼ $66,513
Total Liabilities and Net Assets / Fund Balance$692,796$608,308▼ $84,488

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$37,497$37,497
Other Assets Org$44,552--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tony SomoneExecutive DirectorFT$107,000$32,680$139,680

Board Members and Trustees

NameTitle
Jeff DavisDirector/president
Casey LeonardDirector/1st Vice President
Craig GrummelDirector/2nd Vice President
Ed TeefeyDirector
Gerald HansenDirector
Jeff JonesDirector
Juan FrancoDirector
Kyle HustedDirector
Marty EngelDirector
Merv ChuppDirector
Steve SearleDirector
Hosea WilliamsDirector-new
Gary RathDirector-past
David BrinkDIRECTOR/ASS'T TREASURER
Clark FairleyDirector/secretary
Al BealsDirector/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$631,360
Investment Income
$8,039
Other Revenue
$2,000
All Other Contributions
$5,000
Change in Net Assets
$-66,513
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$540,602
Salaries, Compensation, and Employee Benefits$170,597
Grants and Similar Amounts Paid$1,713
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Lobbying---$177,754
Current Officers, Directors, Trustees, and Key Employees---$140,562
Insurance---$31,178
Other Salaries and Wages---$19,998
All Other Expenses---$18,675
Office Expenses---$17,797
Occupancy---$16,796
Fees for Services Accounting---$15,500
Other Expenses---$13,930
Conferences and Meetings---$12,720
Payroll Taxes---$10,037
Travel---$7,076
Grants to Domestic Orgs---$1,000
Grants to Domestic Individuals---$713
Information Technology---$535
Total Functional Expenses$0$0$0$712,912
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$48,958
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The association's general membership is comprised of individuals who have executed a written application for membership and have tendered the appropriate dues.

Form 990, Part VI, Section A, Line 7A

Full members in good standing are eligible to vote for members which comprise the governing body.

Form 990, Part VI, Section A, Line 8B

The association did not have any committees during the current year with the authority to act on behalf of the governing body. Therefore, no minutes were required to be kept by such a committee during the current year.

Form 990, Part VI, Section B, Line 11B

The completed form 990 is provided to the executive director and certain directors of the association. The executive director and directors review the form and discuss any matters of uncertainty. Upon fully understanding the completed form 990, the form is approved and submitted to the irs.

Form 990, Part VI, Section B, Line 15A

Compensation of the association's executive director is reviewed and approved by the board of directors.

Form 990, Part VI, Section C, Line 19

The association is not required to make its governing documents and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
ILLINOIS HARNESS HORSEMEN'S ASSOCIATION
EIN
36-2326042
Phone
6303230808
Address
15 SPINNING WHEEL ROAD 432, HINSDALE, IL 60521

Signing Officer

Name
Tony Somone
Title
Executive Director
Phone
6303230808
Signed
2025-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Al Beals
Formed
1951
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
0

Preparer

Firm
Legacy Professionals Llp
Address
4 WESTBROOK CORPORATE CTR SUITE 700, WESTCHESTER, IL 60154
Preparer
Timothy Lakis
Phone
3123680500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require the association to evaluate tax positions taken by the association and recognize a tax liability if the association has taken an uncertain position that more likely than not would not be sustained upon examination by tax authorities. The association is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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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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IRS990/OtherSalariesAndWagesGrp/TotalAmt019998
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt010037
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09625
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010381
IRS990/PrincipalOfficerNm0AL BEALS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0RACE TRACK AGREEMENTS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0622200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19160
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0622200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19160
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05000
IRS990/PYGrantsAndSimilarPaidAmt05568
IRS990/PYInvestmentIncomeAmt07339
IRS990/PYOtherExpensesAmt0438543
IRS990/PYOtherRevenueAmt04716
IRS990/PYProgramServiceRevenueAmt0638100
IRS990/PYRevenuesLessExpensesAmt047652
IRS990/PYSalariesCompEmpBnftPaidAmt0163392
IRS990/PYTotalExpensesAmt0607503
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0655155
IRS990/ReconcilationRevenueExpnssAmt0-66513
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0224871
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0232910
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/Section527PoliticalOrgGrp/ContributionsRcvdDlvrAmt013930
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0900039905
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0ILLINOIS HARNESS HORSEMEN'S ASSOCIATION PAC
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt015 SPINNING WHEEL ROAD SUITE 432
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0HINSDALE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd060521
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION REMITS A PORTION OF DUES RECEIVED TO A SEPARATE PAC ACCOUNT, WHOSE PURPOSE IS TO HELP ADVANCE HARNESS HORSEMEN FRIENDLY LEGISLATION THROUGH STATE AND LOCAL POLITICAL CANDIDATES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037497
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt037497
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt044552
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT-OF-USE ASSET - OPERATING LEASE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt048958
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE ASSOCIATION TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION AND RECOGNIZE A TAX LIABILITY IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt044552
IRS990ScheduleD/TotalLiabilityAmt048958
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION'S GENERAL MEMBERSHIP IS COMPRISED OF INDIVIDUALS WHO HAVE EXECUTED A WRITTEN APPLICATION FOR MEMBERSHIP AND HAVE TENDERED THE APPROPRIATE DUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FULL MEMBERS IN GOOD STANDING ARE ELIGIBLE TO VOTE FOR MEMBERS WHICH COMPRISE THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ASSOCIATION DID NOT HAVE ANY COMMITTEES DURING THE CURRENT YEAR WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, NO MINUTES WERE REQUIRED TO BE KEPT BY SUCH A COMMITTEE DURING THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPLETED FORM 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR AND CERTAIN DIRECTORS OF THE ASSOCIATION. THE EXECUTIVE DIRECTOR AND DIRECTORS REVIEW THE FORM AND DISCUSS ANY MATTERS OF UNCERTAINTY. UPON FULLY UNDERSTANDING THE COMPLETED FORM 990, THE FORM IS APPROVED AND SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF THE ASSOCIATION'S EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION IS NOT REQUIRED TO MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NOT APPLICABLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ILLINOIS HARNESS HORSEMEN'S ASSOCIATION PAC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0900039905
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0527
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT STATE AND LOCAL POLITICAL CANDIDATES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt015 SPINNING WHEEL ROAD SUITE 432
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HINSDALE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060521
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0692796
IRS990/TotalAssetsEOYAmt0608308
IRS990/TotalAssetsGrp/BOYAmt0692796
IRS990/TotalAssetsGrp/EOYAmt0608308
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05000
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/TotalAmt0712912

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