2024-12-16T12:06:40-06:00 2023-12-31 721088864 LAPORTE APAC 111 VETERANS MEMORIAL BLVD 600 METAIRIE LA 700054958 990 2023-01-01 720676064 LOUISIANA THOROUGHBRED BREEDERS ASSOCIATION LOUI 5049474676 PO BOX 24650 NEW ORLEANS LA 70184 WARREN J HARANG III PRESIDENT 5049474676 2024-11-21 1 0 RYAN P KRUSE MS CPA P01323111 5048355522 2023 2024-10-15 13:58:12Z WARREN J HARANG III PO BOX 24650 NEW ORLEANS LA 70184 9383782 0 X WWW.LOUISIANABRED.COM X 1961 LA THE ASSOCIATION SEEKS TO PROMOTE AND FURTHER THE THOROUGHBRED BREEDING INDUSTRY (CONT'D ON SCH O.) IN LOUISIANA. THE ASSOCIATION IS ENGAGED IN PROGRAMS FOR THE ENCOURAGEMENT AND IMPROVEMENT OF THE BREEDING OF THOROUGHBRED HORSES IN THE STATE OF LOUISIANA. 13 13 8 0 10279 0 113290 120270 9346239 9183941 10302 79571 4050 0 9473881 9383782 22500 30000 0 0 499353 635754 0 0 0 9306845 8978046 9828698 9643800 -354817 -260018 5837212 5615065 72170 70550 5765042 5544515 THE ASSOCIATION SEEKS TO PROMOTE AND FURTHER THE THOROUGHBRED BREEDING INDUSTRY WITHIN THE STATE OF LOUISIANA. THE ASSOCIATION IS ENGAGED IN PROGRAMS FOR THE ENCOURAGEMENT AND IMPROVEMENT OF BREEDING THOROUGHBRED HORSES IN THE STATE OF LOUISIANA. 0 0 THE ASSOCIATION IS AN ECONOMIC STIMULUS PROGRAM, LEGISLATIVELY PUT IN PLACE AS THE OFFICIAL REGISTRAR OF LOUISIANA BRED THOROUGHBREDS AND FOR THE ENCOURAGEMENT AND IMPROVEMENT OF THOROUGHBRED HORSES IN THE STATE OF LOUISIANA INCLUDING, BUT NOT LIMITED TO, THE PAYMENT OF BREEDERS' AWARDS TO BREEDERS OF ACCREDITED LOUISIANA-BRED HORSES, SUPPLEMENTING PURSES FOR RACES WRITTEN FOR ACCREDITED LOUISIANA-BRED HORSES, AND PAYMENT OF STALLION AND WORLD WIDE BREEDERS AWARDS. THE ASSOCIATION PUBLISHES "THE LOUISIANA HORSE MAGAZINE," THE OFFICIAL PUBLICATION OF THE ASSOCIATION, ON A SEMIANNUAL BASIS, AS WELL AS THE ANNUAL "STALLION REGISTER." SCHOLARSHIP PROGRAM:DRAWINGS WERE HELD TO GIVE OUT $1,000 SCHOLARSHIPS IN FEBRUARY AT DELTA DOWNS, IN MAY AT EVANGELINE DOWNS IN AUGUST AT LOUISIANA DOWNS AND IN DECEMBER AT THE FAIR GROUNDS. ANY MEMBER OF THE GENERAL PUBLIC THAT WAS PRESENT AND CURRENTLY ENROLLED AS A FULL-TIME COLLEGE STUDENT WAS ELIGIBLE TO PARTICIPATE IN THE DRAWING. THE PROCEEDS WERE SUBMITTED DIRECTLY TO THE SCHOOL. 0 1 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 576 0 1 8 1 1 1 0 0 0 0 0 0 0 X 13 13 1 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X THERESE ARROYO 5049474676 PO BOX 24650 NEW ORLEANS LA 70184 MICHELLE LA VOICE DIRECTOR 10.00 X 150 0 0 JAY ADCOCK DIRECTOR 10.00 X 225 0 0 CHARLOTTE CLAVIER DIRECTOR 2.00 X 225 0 0 DANIEL GUIDRY DIRECTOR 4.00 X 0 0 0 VAL MURRELL DIRECTOR 6.00 X 225 0 0 THOMAS EARLY DIRECTOR 10.00 X 225 0 0 MICHELE RODRIGUEZ DIRECTOR 6.00 X 225 0 0 BRETT BRINKMAN SECOND VICE PRESIDENT 10.00 X X 150 0 0 WARREN J HARANG III PRESIDENT 20.00 X X 225 0 0 JAKE DELHOMME DIRECTOR 4.00 X 150 0 0 KEITH HERNANDEZ FIRST VICE PRESIDENT 2.00 X X 225 0 0 JIM MONTGOMERY DIRECTOR 4.00 X 225 0 0 NATHAN GRANGER DIRECTOR 6.00 X 0 0 0 ROGER HEITZMANN III EXECUTIVE DIRECTOR 50.00 X 131136 0 0 THERESE ARROYO COMPTROLLER 50.00 X 114704 0 0 248090 0 0 2 0 0 0 0 50690 60000 9580 120270 STATE OF LA ALLOCATION 900099 8909138 8909138 BREEDER SALE 900099 94096 94096 PUBLICATION INCOME 541800 67089 56810 10279 ACCREDITING FEES 900099 65260 65260 MARE & STALLION REGIST 900099 20395 20395 27963 27963 9183941 79571 79571 9383782 9173662 10279 79571 18000 12000 248090 342002 45662 52763 7471 15582 6400 108259 79227 85315 23520 40449 5837 121898 BREEDER AWARDS PAID 7057826 STALLION AWARDS PAID 900000 PURSE SUPPLEMENTS 293922 OUT OF STATE AWARDS 70229 109348 9643800 1168082 1392970 35625 59835 261568 196375 69690 65193 4563815 4097067 5837212 5615065 72170 70550 72170 70550 X 5765042 5544515 5765042 5544515 5837212 5615065 X -260018 40919 -1428 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10000 0 10000 10000 1 LIZ BAKER MURRILL 111 VETERANS MEMORIAL BLVD METAIRIE LA 70005 872028416 4000 CAMRONPAC 3337 WORTH HULLEN ST METAIRIE LA 70002 471307698 1000 MICHAEL REESE 1111 SOUTH 5TH STREET SUITE E LEESVILLE LA 71446 832332714 1000 ARTHUR MORRELL PO BOX 8650 NEW ORLEANS LA 70182 438620887 1000 JAYE GALLE 3433 HWY 190 UNIT 310 MANDEVILLE LA 70471 1500 PETER EGAN CAMPAIGN ACCOUNT 190 EAGLE ROAD COVINGTON LA 70435 932416904 1500 0 0 0 136345 15582 15582 15582 106084 53963 52121 153063 139991 13072 2421 2421 0 65193 UTILITY DEPOSIT 600 RESTRICTED CASH - SALAM, OTB, AND SLOT MACHINES 4057840 DUE FROM BREEDERS 38627 4097067 DEPOSITS - FUTURITY RACES HELD 70550 70550 X 9422253 38471 38471 9383782 0 9383782 9682271 38471 38471 9643800 0 9643800 PART X, LINE 2: THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(6) OF THE UNITED STATES INTERNAL REVENUE CODE. THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN INCOME TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: SLOT/OTB TRANSFER 38,471. PART XII, LINE 2D - OTHER ADJUSTMENTS: SLOT/OTB TRANSFER 38,471. SCHEDULE D PART IX: RESTRICTED CASH INCLUDES DEPOSITS HELD FOR FUTURITY STALLION STAKES, SALAM, OPEN RACES, AND SLOT AWARDS. 1 SCHOLARSHIPS 12 12000 PART III, COLUMN (B) DRAWINGS WERE HELD TO GIVE OUT $1,000 SCHOLARSHIPS IN FEBRUARY AT DELTA DOWNS, IN MAY AT EVANGELINE DOWNS IN AUGUST AT LOUISIANA DOWNS AND IN DECEMBER AT THE FAIR GROUNDS. ANY MEMBER OF THE GENERAL PUBLIC THAT WAS PRESENT AND CURRENTLY ENROLLED AS A FULL-TIME COLLEGE STUDENT WAS ELIGIBLE TO PARTICIPATE IN THE DRAWING. THE PROCEEDS WERE SUBMITTED DIRECTLY TO THE SCHOOL. THIS PROGRAM IS DESIGNED TO INCREASE COLLEGE AGE PARTICIPATION AT THE RACETRACKS CELEBRATING LA BRED DAYS. FORM 990, PART VI, SECTION A, LINE 2 VAL MURELL AND MICHELLE LAVOICE ARE FATHER AND DAUGHTER. WARREN H AND VAL MURREL HAVE A BUSINESS RELATIONSHIP. JIM MONTGOMERY, JAY ADCOCK, JAKE DELHOMME AND NATHAN GRANGER HAVE A BUSINESS RELATIONSHIP. TOM EARLY AND VAL MURRELL HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS APPROXIMATELY 1000 MEMBERS. IN ORDER TO QUALIFY FOR REGULAR MEMBERSHIP, MEMBERS HAVE TO BE ACTIVELY ENGAGED IN THE LOUISIANA THOROUGHBRED HORSE BREEDING INDUSTRY OR REGISTER AN ACCREDITED LOUISIANA BREAD IN ONE OF THE PRIOR TWO BREEDING SEASONS. THE ASSOCIATION ALSO HAS AN ASSOCIATE MEMBER, WHO DID NOT OWN A STALLION OR REGISTER A FOAL, AND AS A RESULT, DO NOT HAVE VOTING PRIVILEGES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ASSOCIATION ELECT MEMBERS OF THE GOVERNING BODY. AS A REQUIREMENT TO BE A MEMBER OF THE GOVERNING BODY, AN INDIVIDUAL MUST ALSO BE A MEMBER OF THE ASSOCIATION. MEMBERS OF THE ASSOCIATION THAT ARE BREEDING AND ACCREDITING HORSES IN THE STATE OF LOUISIANA ARE ELIGIBLE TO RECEIVE BREEDERS AWARDS BASED SOLELY ON THE HORSE'S PERFORMANCE IN THE THOROUGHBRED RACES AND NOT ON THEIR MEMBERSHIP IN THE ASSOCIATION OR ON BEING A MEMBER OF THE GOVERNING BODY. NO MEMBERS OF THE GOVERNING BODY MAY RECEIVE ANY PERSONAL BENEFITS OR COMPENSATION AS PAYMENT FOR SERVICES. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR AND COMPTROLLER BEFORE PRESENTING IT TO THE FINANCE COMMITTEE. THE FINANCE COMMITTEE THEN HAS THE RETURN PRESENTED TO THE BOARD OF DIRECTORS. UPON THE BOARD'S REVIEW AND APPROVAL, THE RETURN IS SIGNED BY THE PRESIDENT AND IS SUBMITTED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY IS PROVIDED ANNUALLY TO EACH DIRECTOR, OFFICER, AND STAFF MEMBER, EACH OF WHOM HAS A CONTINUING RESPONSIBILITY TO MONITOR THEIR FAMILY AND BUSINESS RELATIONSHIPS FOR POTENTIAL CONFLICT OF INTERESTS AND MAKE SUCH DISCLOSURES IN WRITING TO THE BOARD CHAIR. DIRECTORS, OFFICERS, AND STAFF MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT CERTIFICATION AGREEMENT, WHICH SHALL BE REVIEWED BY THE BOARD AS APPROPRIATE. DIRECTORS ARE ALSO GIVEN THE OPPORTUNITY TO DISCLOSE ANY CHANGES IN THEIR CONFLICTS IN EACH BOARD MEETING AFTER THE APPROVAL OF THE PRIOR BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO IS DICTATED BY THE BOARD OF DIRECTORS, WHICH IS APPROVED BY THE BOARD AND NOTED IN THE MINUTES. REASONABLENESS IS DETERMINED BY THE SALARY AND BENEFITS COMMITTEE, WHO COMPARES THE SALARIES WITH OTHER "SIMILAR ORGANIZATIONS BEFORE RECOMMENDING THE SALARY TO THE BOARD OF DIRECTORS. EACH BOARD MEMBER RECEIVES A $75 PER DIEM ALLOWANCE FOR MEETINGS ATTENDED DURING THE YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST OF ANY PERSONS OR ENTITY. FORM 990, PART XI, LINE 9: SLOT/OTB TIMING DIFFERENCE -1,428. FORM 990, PART XII, LINE 1: THE ORGANIZATION USED THE MODIFIED CASH BASIS METHOD OF ACCOUNTING. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS AUDIT OVERSIGHT PROCESS OR SELECION PROCESS FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT.