Civic Intelligence

Louisiana Quarter Horse Breeders

EIN 72-0741816 • 501(c)5 • Alexandria, LA

Profile

Facilitate quarterhorse breeding/provide economic and educational value to quarterhorse owners.

105 Carlyon LaneAlexandria, LA 71303

www.lghba.com

Siviq Scores

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

Liabilities / Assets

71st percentile

0.10x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)5 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.14x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)5 • $10M-$25M nonprofits • Source year 2024

Net Margin

33rd percentile

5.2%

Higher net margin than 33% of similar nonprofits.

501(c)5 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)5 • $10M-$25M nonprofits • Source year 2024

Asset Growth

27th percentile

2.3%

Faster asset growth than 27% of similar nonprofits.

501(c)5 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

3.4%

Faster revenue growth than 32% of similar nonprofits.

501(c)5 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$11,866,746

Up $267,377 (+2.3%) from 2023

Liabilities

Down

$1,127,804

Down $145,955 (-11%) from 2023

Net Assets

Up

$10,738,942

Up $413,332 (+4.0%) from 2023

Operations
Liabilities / Revenue70th percentileNet Margin33rd percentile

Revenue

Up

$7,928,354

Up $257,265 (+3.4%) from 2023

Expenses

Down

$7,515,021

Down $121,904 (-1.6%) from 2023

Net Income

Up

$413,333

Up $379,169 (+1110%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth27th percentile

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

$15M$10M$5.0M$0Assets 2011: $10,542,452Liabilities 2011: $818,095Net Assets 2011: $9,724,3572011Assets 2012: $11,121,921Liabilities 2012: $900,350Net Assets 2012: $10,221,5712012Assets 2013: $11,810,998Liabilities 2013: $766,053Net Assets 2013: $11,044,9452013Assets 2014: $12,054,172Liabilities 2014: $871,736Net Assets 2014: $11,182,4362014Assets 2015: $11,790,189Liabilities 2015: $883,628Net Assets 2015: $10,906,5612015Assets 2016: $10,797,646Liabilities 2016: $727,356Net Assets 2016: $10,070,2902016Assets 2017: $10,723,177Liabilities 2017: $669,370Net Assets 2017: $10,053,8072017Assets 2018: $10,429,963Liabilities 2018: $692,729Net Assets 2018: $9,737,2342018Assets 2019: $9,973,535Liabilities 2019: $812,103Net Assets 2019: $9,161,4322019Assets 2020: $9,534,972Liabilities 2020: $763,470Net Assets 2020: $8,771,5022020Assets 2021: $10,986,998Liabilities 2021: $980,836Net Assets 2021: $10,006,1622021Assets 2022: $11,422,107Liabilities 2022: $1,130,661Net Assets 2022: $10,291,4462022Assets 2023: $11,599,369Liabilities 2023: $1,273,759Net Assets 2023: $10,325,6102023Assets 2024: $11,866,746Liabilities 2024: $1,127,804Net Assets 2024: $10,738,9422024

Highlighted filing

2024

Assets$11,866,746
Liabilities$1,127,804
Net Assets$10,738,942
Open 2024 Filing

Operations Trend

Revenue Growth32nd percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $9,433,9882011Expenses 2012: $9,741,9222012Revenue 2013: $11,400,494Expenses 2013: $10,577,120Net Income 2013: $823,3742013Revenue 2014: $8,043,460Expenses 2014: $7,904,163Net Income 2014: $139,2972014Revenue 2015: $8,007,142Expenses 2015: $8,283,017Net Income 2015: -$275,8752015Revenue 2016: $6,941,792Expenses 2016: $7,778,063Net Income 2016: -$836,2712016Revenue 2017: $6,886,700Expenses 2017: $6,903,183Net Income 2017: -$16,4832017Revenue 2018: $7,097,726Expenses 2018: $7,414,297Net Income 2018: -$316,5712018Revenue 2019: $7,595,213Expenses 2019: $8,161,456Net Income 2019: -$566,2432019Revenue 2020: $6,052,631Expenses 2020: $6,442,562Net Income 2020: -$389,9312020Revenue 2021: $7,601,612Expenses 2021: $6,366,954Net Income 2021: $1,234,6582021Revenue 2022: $7,125,891Expenses 2022: $6,840,600Net Income 2022: $285,2912022Revenue 2023: $7,671,089Expenses 2023: $7,636,925Net Income 2023: $34,1642023Revenue 2024: $7,928,354Expenses 2024: $7,515,021Net Income 2024: $413,3332024

Highlighted filing

2024

Revenue$7,928,354
Expenses$7,515,021
Net Income$413,333
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,866,746
Liabilities
$1,127,804
Net assets
$10,738,942
Revenue
$7,928,354
Expenses
$7,515,021
Net income
$413,333
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.9$1.13$10.7$7.93$7.52$0.41
2023Detailed filing. Detailed filing data is available for this year.$11.6$1.27$10.3$7.67$7.64$0.03
2022Detailed filing. Detailed filing data is available for this year.$11.4$1.13$10.3$7.13$6.84$0.29
2021Detailed filing. Detailed filing data is available for this year.$11.0$0.98$10.0$7.60$6.37$1.23
2020Detailed filing. Detailed filing data is available for this year.$9.53$0.76$8.77$6.05$6.44$0.39
2019Detailed filing. Detailed filing data is available for this year.$9.97$0.81$9.16$7.60$8.16$0.57
2018Detailed filing. Detailed filing data is available for this year.$10.4$0.69$9.74$7.10$7.41$0.32
2017Detailed filing. Detailed filing data is available for this year.$10.7$0.67$10.1$6.89$6.90$0.02
2016Detailed filing. Detailed filing data is available for this year.$10.8$0.73$10.1$6.94$7.78$0.84
2015Detailed filing. Detailed filing data is available for this year.$11.8$0.88$10.9$8.01$8.28$0.28
2014Detailed filing. Detailed filing data is available for this year.$12.1$0.87$11.2$8.04$7.90$0.14
2013Detailed filing. Detailed filing data is available for this year.$11.8$0.77$11.0$11.4$10.6$0.82
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$0.90$10.2$9.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$0.82$9.72$9.43
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 5, 2025
Return Version
2024v5.0
Gross Receipts
$7,928,354
Mission and Program Overview

Mission

Facilitate quarterhorse breeding/provide economic and educational value to quarterhorse owners

Facilitate quarterhorse breeding/provide economic and educational value to quarterhorse owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$11,379,298$11,571,509▲ $192,211
Land, Buildings, and Equipment, Net$195,496$179,712▼ $15,784
Accounts Receivable$24,075$25,421▲ $1,346
Total Assets$11,599,369$11,866,746▲ $267,377
Other Assets Total$500$90,104▲ $89,604
Liabilities
Other Liabilities$1,246,484$1,087,500▼ $158,984
Accounts Payable and Accrued Expenses$12,630$40,304▲ $27,674
Deferred Revenue$14,645--
Total Liabilities$1,273,759$1,127,804▼ $145,955
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,417,903$8,746,289▲ $328,386
Net Assets Without Donor Restrictions$1,907,707$1,992,653▲ $84,946
Total Net Assets Fund Balance$10,325,610$10,738,942▲ $413,332
Total Liabilities and Net Assets / Fund Balance$11,599,369$11,866,746▲ $267,377

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$179,712$329,134$508,846
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Kirt ChaissonPresident
Brandon TrahanBoard Member
D Michael HayesBoard Member
Karen FalgoustBoard Member
Kenny PattonBoard Member
Major Joseph Henry Thibaut JrBoard Member
Richard OrtegoBoard Member
Riley BlanchetBoard Member
Stephen DevilleBoard Member
Timothy RogersBoard Member
Larry Findley1st VP
Jerome Bellard2nd VP
Bobbi RandleSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,197,687
Program Service Revenue
$1,828,570
Investment Income
$379,015
Other Revenue
$3,523,082
Change in Net Assets
$413,333

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,928,354
Total Revenue per Audited Statements
$7,928,354
Total Revenue per Form 990
$7,928,354
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,007,842
Salaries, Compensation, and Employee Benefits$507,179
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$378,420$83,068-$461,488
All Other Expenses$225,467$54,433-$279,900
Fees for Services Legal$88,691$19,469-$108,160
Advertising$84,044$18,449-$102,493
Travel$59,542$13,070-$72,612
Fees for Services Accounting$55,962$12,284-$68,246
Other Expenses$47,467--$47,467
Payroll Taxes$29,168$6,403-$35,571
Office Expenses$15,744$3,463-$19,207
Depreciation Depletion$12,943$2,841-$15,784
Insurance$12,613$2,769-$15,382
Other Employee Benefits$8,298$1,822-$10,120
Information Technology$7,488$1,644-$9,132
Total Functional Expenses$7,295,306$219,715$0$7,515,021

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,515,021
Total Expenses per Audited Statements$7,515,021
Total Expenses per Form 990$7,515,021
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long Term Liabliities$1,087,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
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 11B

“The 990 is reviewed at the board meeting”

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

“Monitored at annual board meeting”

Form 990, Page 6, Part VI, Line 15A

“Compensation is determined /voted on by the independent board members and is done based on comparability data of similar employment positions.”

Form 990, Page 6, Part VI, Line 15B

“Compensation is determined / voted on by the independent board members and is done based on comparability data of similar employement positions.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, policies and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Louisiana Quarter Horse Breeders
EIN
72-0741816
Phone
3184879506
Address
105 CARLYON LANE, ALEXANDRIA, LA 71303

Signing Officer

Name
Bruce Salard
Title
Executive Director
Phone
3184879506
Signed
2025-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Salard
Formed
1966
Legal Domicile
La
Voting Board Members
14
Independent Board Members
14
Employees
5
Volunteers
14

Preparer

Firm
Knightmasden Apac
Address
5615 JACKSON STREET J, ALEXANDRIA, LA 71303-2326
Preparer
John E Theriot Ii
Phone
3184459334
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“ROUNDING -1”

Raw XML Appendix398 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED AT THE BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MONITORED AT ANNUAL BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS DETERMINED /VOTED ON BY THE INDEPENDENT BOARD MEMBERS AND IS DONE BASED ON COMPARABILITY DATA OF SIMILAR EMPLOYMENT POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS DETERMINED / VOTED ON BY THE INDEPENDENT BOARD MEMBERS AND IS DONE BASED ON COMPARABILITY DATA OF SIMILAR EMPLOYEMENT POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING -1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/USAddress/ZIPCd071303
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IRS990/WebsiteAddressTxt0WWW.LGHBA.COM
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRUCE SALARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03184879506
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOUISIANA QUARTER HORSE BREEDERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0LOUI
ReturnHeader/Filer/EIN0720741816
ReturnHeader/Filer/PhoneNum03184879506
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ReturnHeader/Filer/USAddress/CityNm0ALEXANDRIA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721135207
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KNIGHTMASDEN APAC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05615 JACKSON STREET J
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALEXANDRIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0713032326
ReturnHeader/PreparerPersonGrp/PhoneNum03184459334
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN E THERIOT II
ReturnHeader/ReturnTs02025-05-14T18:21:54-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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