2026-06-26T17:55:01-05:00 2025-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2025-01-01 850204494 NEW MEXICO HORSE BREEDERS ASSOCIATION NEWM 5052620224 4836 HARDWARE DRIVE NE STE B ALBUQUERQUE NM 87109 JAY L TAYLOR PRESIDENT 5052620224 2026-06-26 1 STEVEN TALBOT P01695427 5058787200 2026-06-26 2025 2025-03-06 01:10:19Z JAY L TAYLOR 4836 HARDWARE DRIVE NE STE B ALBUQUERQUE NM 87109 532857 0 X WWW.NMHORSEBREEDERS.COM X 1961 NM PROMOTE HORSE BREEDING AND HORSE RACING IN NEW MEXICO. 12 12 3 12 0 0 0 0 493046 507393 23746 25464 0 0 516792 532857 0 0 0 0 209523 218570 0 0 0 281012 276816 490535 495386 26257 37471 6273445 6587004 5298204 5562852 975241 1024152 X PROMOTE THE BREEDING OF RACING QUARTER HORSES AND THOROUGHBREDS IN THE STATE OF NEW MEXICO. THE MISSION INCLUDES: ACTING AS OFFICIAL REGISTRAR FOR NEW MEXICO-BRED HORSES; ADMINISTERING THE INCENTIVE FUNDS; PROVIDING A VOICE FOR THE BREEDERS IN NEW MEXICO; AND PROMOTING THE WELFARE OF THE RACING HORSE IN THE STATE. 0 0 COMPILED DATA NEEDED TO CALCULATE INCENTIVE AWARDS AND DISTRIBUTED 1,206 AWARD CHECKS TO OWNERS AND BREEDERS OF NEW MEXICO-BRED HORSES, AS MANDATED BY STATE LAW. RECEIVED AND HELD IN CUSTODY FUNDS RECEIVED FROM TRACKS AND DISTRIBUTED FUNDS TO TRACKS FOR PURSE ENHANCEMENTS, AS MANDATED BY STATE LAW. REGISTERED 1,185 HORSES IN VARIOUS NEW MEXICO-BRED CATEGORIES, AS MANDATED BY STATE LAW. PROVIDED EDUCATIONAL AND INFORMATION SERVICES TO 1,209 MEMBERS, AS WELL AS TO THE GENERAL PUBLIC, REGARDING NEW MEXICO HORSE BREEDING AND HORSE RACING. MONITORED COMPLIANCE WITH THE EVA VACCINATION PROGRAM IN ACCORDANCE WITH STATE LAW AND IN CONJUNCTION WITH THE STATE LIVESTOCK BOARD. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 779 0 1 3 1 0 0 0 0 1 1 0 0 0 X 12 12 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X MARY BARBER 5052620224 4836 HARDWARE DRIVE NE STE B ALBUQUERQUE NM 87109 TOM GONCHAROFF PRESIDENT 3.00 X X 0 0 0 NORMA ALVAREZ 1ST VICE PRESIDENT 1.00 X X 0 0 0 JAY L TAYLOR 2ND VICE PRESIDENT 1.00 X X 0 0 0 PIERRE J AMESTOY JR DIRECTOR 0.00 X 0 0 0 BRIAN ANDERSON DIRECTOR 0.00 X 0 0 0 MARK BROWN DIRECTOR 0.00 X 0 0 0 C WARREN FRANKLIN DIRECTOR 0.00 X 0 0 0 BOBBY LEE DIRECTOR 0.00 X 0 0 0 MIKE LOGAN DIRECTOR (THROUGH JANUARY 2025) 0.00 X 0 0 0 MAC MURRAY DIRECTOR 0.00 X 0 0 0 HELEN NAVE DIRECTOR 0.00 X 0 0 0 SUSIE PRATHER DIRECTOR 0.00 X 0 0 0 ANDY RIVERA DIRECTOR 0.00 X 0 0 0 MARY BARBER EXECUTIVE DIR SECRETARY, TREASURER 40.00 X 80123 0 32241 80123 0 32241 0 0 0 0 0 REGISTRATION FEES 900099 320320 320320 MEMBERSHIP DUES 900099 100780 100780 STATUTORY ADMIN FEES 900099 59240 59240 AUCTION PROCEEDS 900099 25900 25900 1153 1153 507393 25464 25464 532857 507393 0 25464 112364 74736 11104 8079 12287 6406 35893 26722 27268 47319 16161 10547 3317 16748 11158 12855 PUBLICATIONS 31519 TROPHIES 11990 EQUIPMENT RENTAL & MAIN 9133 REPAIRS & MAINTENANCE 3199 6581 495386 187990 200035 250060 132612 6189 5021 2647 5139 454196 220691 244340 233505 149680 320237 217249 200287 5215290 5490168 6273445 6587004 27800 25974 54660 46710 5215744 5490168 5298204 5562852 X 975241 1024152 975241 1024152 6273445 6587004 37471 11440 0 X 0 1 X 0 0 1 0 0 30041 30041 321799 118973 202826 102356 101718 638 233505 FUNDS HELD FOR OTHERS 5490168 5490168 AGENCY FUNDS - PER NM STATUTES 5490168 5490168 X 544297 11440 11440 532857 0 532857 495386 0 495386 0 495386 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME. THE ASSOCIATION EVALUATES UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC 450, ACCOUNTING FOR CONTINGENCIES, WHEREBY THE EFFECT OF THE UNCERTAINTIES IN TAX POSITIONS WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND REASONABLY ESTIMABLE. THE ASSOCIATION BELIEVES THAT THERE IS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ASSOCIATION'S OPEN AUDIT PERIODS ARE FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 AND THEREAFTER. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE ASSOCIATION ELECT THE MEMBERS OF THE BOARD OF TRUSTEES AND MUST APPROVE ANY CHANGES TO THE BY-LAWS. MEMBERS DO NOT HAVE ANY RIGHTS TO THE ASSETS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A ASSOCIATION MEMBERS ELECT THE BOARD OF TRUSTEES MEMBERS AT THE ANNUAL MEMBERSHIP MEETING IN JANUARY. BOARD TERMS ARE STAGGERED SO THAT ONLY A PORTION OF THE BOARD IS UP FOR ELECTION AT ONE TIME. EACH MEMBER WHO IS CURRENT ON THEIR DUES MAY VOTE FOR THE BOARD MEMBERS. VOTING IS IN PERSON OR BY MAIL-IN BALLOT. AFTER THE BOARD MEMBERS ARE ELECTED, THE NEW BOARD MEETS TO ELECT THE OFFICERS. THIS IS ALSO DONE DURING THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ELECT THE BOARD OF TRUSTEES AND APPROVE ANY CHANGES TO BY-LAWS, DUES, FEES, ETC. DECISIONS TO BE VOTED ON MUST BE PUBLISHED TO THE MEMBERSHIP PRIOR TO THE MEETING. MEMBERS IN GOOD STANDING MAY VOTE ON THE DECISION AT THE MEETING OR BY MAIL-IN BALLOT. FORM 990, PART VI, SECTION A, LINE 8B NO DOCUMENTATION IS MADE FOR GOVERNING COMMITTEE MEETINGS OTHER THAN THE GENERAL BOARD OF TRUSTEES. NO COMMITTEE CAN ACT FOR THE BOARD. THE COMMITTEES DISCUSS ISSUES AND MAKE RECOMMENDATIONS TO THE BOARD ON ACTIONS TO BE TAKEN. THE ISSUES, RECOMMENDATIONS AND RELATED DISCUSSIONS ARE DOCUMENTED AS A PART OF THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS BASED ON THE RESULTS OF THE ANNUAL FINANCIAL STATEMENTS. THE ANNUAL FINANCIAL STATEMENTS ARE REVIEWED WITH THE BOARD AT THE JUNE BOARD MEETING. THE BOARD HAS THE OPPORTUNITY TO QUESTION OR REQUEST REVISIONS TO THE FINANCIAL STATEMENTS AT THIS MEETING. THE PRESIDENT OF THE BOARD REVIEWS THE FORM 990 PRIOR TO FILING IT. BOARD MEMBERS ARE GIVEN A COPY OF THE FORM 990 FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES ARE REQUIRED TO IDENTIFY WHETHER THEY OR THEIR FAMILY MEMBERS ARE MEMBERS OF THE ASSOCIATION AND WHETHER THEY OR THEIR FAMILY MEMBERS ARE ELIGIBLE TO RECEIVE OWNER/BREEDER AWARDS AND, IF SO, UNDER WHAT NAME(S). BOARD MEMBERS ARE ALSO REQUIRED TO DISCLOSE ANY RELATIONSHIP THEY MAY HAVE WITH AN ENTITY OR PERSON THAT COULD LEAD TO A CONFLICT OF INTEREST. THE BOARD REVIEWS THE CONFLICT OF INTEREST AND OTHER POLICIES EACH YEAR WHEN THE NEW BOARD MEMBERS ARE ELECTED. THIS REVIEW STRESSES THAT THE BOARD SHOULD NOT TAKE ANY ACTION TO BENEFIT THEMSELVES OR A RELATIVE. IF A BOARD MEMBER SUGGESTS DOING BUSINESS WITH A SPECIFIC VENDOR, THEY ARE QUESTIONED ABOUT THE REASON FOR THEIR PROPOSAL AND SPECIFICALLY ASKED IF THERE IS A RELATIONSHIP THAT WILL CAUSE THEM TO BENEFIT FROM THE TRANSACTION. BOARD MEMBERS MUST SIGN THE CONFLICT OF INTEREST POLICY TO INDICATE THEY UNDERSTAND AND WILL ABIDE BY THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES SETS THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND OTHER EMPLOYEES. COMPARABLE DATA IS USED TO DETERMINE SALARIES. WHEN SALARY CHANGES ARE CONSIDERED, AN INDEPENDENT ACCOUNTANT PROVIDES THE BOARD WITH THE COST OF PROVIDING RAISES TO ALL EMPLOYEES AT VARIOUS PERCENTAGE LEVELS AS WELL AS INFORMATION ON THE GENERAL COST OF LIVING INCREASE FOR THE YEAR. THE BOARD DISCUSSES THE ALTERNATIVES AND VOTES TO DETERMINE THE PERCENTAGE INCREASE, IF ANY, TO BE EFFECTIVE IN THE COMING YEAR. THE PROCESS IS THE SAME FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE TO THE PUBLIC ON WRITTEN REQUEST. THE DOCUMENTS ARE AVAILABLE FOR REVIEW AT THE ASSOCIATION'S OFFICE. DOCUMENTS CAN ALSO BE OBTAINED THROUGH THE NEW MEXICO RACING COMMISSION.