2026-07-23T10:03:05-06:00 2025-12-31 821276091 Corcoran & Bernard CPAs LLC 132 N Telemachus Street New Orleans LA 70119 990 2025-01-01 720676064 LOUISIANA THOROUGHBRED BREEDERS ASSOCIATION % KEITH HERNANDEZ LOUI 5049474676 PO BOX 24650 NEW ORLEANS LA 70184 KEITH HERNANDEZ PRESIDENT 5049474676 2026-06-06 true AMY CORCORAN P01078383 5043721504 2026-07-23 2025 2025-03-06 01:10:19Z KEITH HERNANDEZ PO BOX 24650 NEW ORLEANS LA 70184 10652108 false X WWW.LOUISIANABRED.COM X 1961 LA 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. 13 13 7 7 43378 0 124418 117040 10734448 10451352 73483 83716 32352 0 10964701 10652108 27950 17000 0 570515 631827 0 0 11358428 10506075 11956893 11154902 -992192 -502794 4628084 4186370 75310 136390 4552774 4049980 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. false false 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 ACCREDITED UNIVERSITY. false true true true false false false false false true false false true true true true false false false false false false false false false false false true true false false false false false false false false false false false false false false true 505 0 true 7 true true true false false false false false false false X 13 13 true false false false true true false true true false true true true true true true true true true true false X THERESE ARROYO 5049474676 PO BOX 24650 NEW ORLEANS LA 70184 ROGER HEITZMAN III EXECUTIVE DIRECTOR 50.00 0.00 X 163957 0 0 THERESE ARROYO COMPTROLLER 50.00 0.00 X 116709 0 0 THOMAS EARLY DIRECTOR 8.00 0.00 X 225 0 0 JAY ADCOCK DIRECTOR 10.00 0.00 X 150 0 0 MICHELE RODRIGUEZ DIRECTOR 2.00 0.00 X 150 0 0 LEE THOMAS DIRECTOR 2.00 0.00 X 150 0 0 CHARLOTTE CLAVIER DIRECTOR 4.00 0.00 X 75 0 0 JIM MONTGOMERY DIRECTOR 4.00 0.00 X 75 0 0 KEITH HERNANDEZ PRESIDENT 6.00 0.00 X X 0 0 0 BRETT BRINKMAN 1ST VICE PRESIDENT 10.00 0.00 X X 0 0 0 MICHELLE LAVOICE 2ND VICE PRESIDENT 10.00 0.00 X X 0 0 0 BRANDON ADCOCK DIRECTOR 4.00 0.00 X 0 0 0 JAKE DELHOMME DIRECTOR 4.00 0.00 X 0 0 0 NATHAN GRANGER DIRECTOR 3.00 0.00 X 0 0 0 VAL MURRELL DIRECTOR 5.00 0.00 X 0 0 0 281491 0 0 2 false true false 56585 60000 455 117040 STATE OF LA ALLOCATIONS 900099 9339848 9339848 BSOL- CONSIGNMENT REVEN 900099 939300 939300 ACCREDITING FEES 900099 80285 80285 PUBLICATION INCOME 541800 45448 2070 43378 REGISTRATION FEES 900099 22220 22220 24251 24251 10451352 83716 83716 0 10652108 10407974 43378 83716 X 17000 280666 307181 43980 55523 59005 21998 845095 84202 44087 118564 19876 9445 90830 8460 116699 BREEDER AWARDS PAID 6986931 6986931 STALLION AWARDS PAID 900000 900000 OUT OF STATE AWARDS 673439 673439 OTB STAKESALLOWANCE PURSE 200000 200000 271921 11154902 0 0 0 95138 1829957 1921567 46391 81393 278564 213918 68871 64646 2682865 2023626 4628084 4186370 75310 136390 75310 136390 X 4552774 4049980 4552774 4049980 4628084 4186370 -502794 0 X X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5500 5500 5500 true JEFF LANDRY PO BOX 94004 BATON ROUGE LA 70804 2500 MIKE STRAIN 5825 FLORIDA BLVD BATON ROUGE LA 70806 2000 DUSTIN MILLER 6641 WESTBANK EXPWY STE D MARRERO LA 70072 1000 true false false Direct and indirect political campaign activities (Part I-A, line 1) CONTRIBUTIONS TO CANDIDATES WHO SUPPORT THE MISSION OF THE ORGANIZATION. 118648 60300 58348 159916 153618 6298 64646 UTILITY DEPOSIT 600 RESTRICTED CASH- SALAM OTB SLOTS 2023026 2023626 DEPOSITS - FUTURITY RACES HELD 136390 136390 X 10651908 10651908 200 200 10652108 11154702 11154702 200 200 11154902 Part XI, Line 4b-Other revenue not included on Sch D but on 990 $200 MAGAZINE PUBLICATION FINANCE CHARGE Part XII, Line 4b-Other expenses not included on Sch D but on 990 $200 MAGAZINE PUBLICATION FINANCE CHARGE Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) 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. true SCHOLARSHIPS 17 17000 Monitoring procedures (Part I, line 2) ANY MEMBER OF THE GENERAL PUBLIC WHO IS CURRENTLY ENROLLED AS A FULL-TIME COLLEGE STUDENT IS ELIGIBLE TO PARTICIPATE IN THE SCHOLARSHIP DRAWINGS. EACH RECIPIENT IS AWARDED A $1,000 SCHOLARSHIP, WITH PROCEEDS PAID DIRECTLY TO THE STUDENTS EDUCATIONAL INSTITUTION. THIS PROGRAM IS DESIGNED TO INCREASE COLLEGE-AGE PARTICIPATION AT THE RACETRACKS CELEBRATING LA BRED DAYS. X X X X false false false ROGER HEITZMAN III EXECUTIVE DIRECTOR 163957 163957 Officer directors etc family relationship Part VI line 2 - VAL MURRELL AND MICHELLE LAVOICE ARE FATHER AND DAUGHTER - JAY ADCOCK AND BRANDON ADCOCK ARE FATHER AND SON - LEE THOMAS AND MICHELE RODRIGUEZ SHARE BOTH A FAMILY AND BUSINESS RELATIONSHIP - JIM MONTGOMERY, JAY ADCOCK, JAKE DELHOMME, AND NATHAN GRANGER HAVE A BUSINESS RELATIONSHIP - THOMAS EARLY AND VAL MURREL HAVE A BUSINESS RELATIONSHIP - CHARLOTTE CLAVIER DOES BUSINESS WITH ALL Members or stockholder classes and rights Part VI line 6 THE ORGANIZATION HAS APPROXIMATELY 750 MEMBERS AND MAINTAINS ONE CLASS OF MEMBERSHIP. INDIVIDUALS AND LEGAL ENTITIES ARE ELIGIBLE FOR MEMBERSHIP UPON PAYMENT OF APPLICABLE FEES AND PENALTIES. VOTING RIGHTS ARE GRANTED TO MEMBERS MEETING SPECIFIED BREEDER OR STALLION OWNERSHIP QUALIFICATIONS UNDER LTBA RULES. LEGAL ENTITIES MAY DESIGNATE ONE VOTING REPRESENTATIVE, AND EACH MEMBER IS LIMITED TO ONE VOTE PER ELECTION. ASSOCIATE AND HONORARY LIFETIME MEMBERSHIPS ARE ALSO AVAILABLE WITHOUT VOTING RIGHTS. MEMBERSHIPS MAY BE RENEWED ANNUALLY OR OBTAINED THROUGH A ONE-TIME LIFETIME FEE, WITH VOTING RIGHTS CONTINGENT UPON CONTINUED ELIGIBILITY REQUIREMENTS. Member election for additional members Part VI line 7a MEMBERS OF THE ASSOCIATION ELECT MEMBERS OF THE GOVERNING BODY. AS A REQUIREMENT TO BE A MEMBER OF THE GOVERNING BODY, AND 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 HORSES 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. THE ORGANIZATIONS BOARD OF DIRECTORS HAS THE SOLE AUTHORITY FOR GOVERNING ORGANIZATION DECISIONS. MEMBERS OF THE ORGANIZATION ELECT DIRECTORS EVERY YEAR, BASED ON A THREE YEAR ROTATING SCHEDULE. Form 990 governing body review Part VI line 11 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 BOARDS REVIEW AND APPROVAL, THE RETURN IS SIGNED BY THE PRESIDENT AND IS SUBMITTED FOR FILING. Conflict of interest policy compliance Part VI 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 PRESIDENT. 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. CEO executive director top management comp Part VI line 15a 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. Other officer or key employee compensation Part VI line 15b EACH BOARD MEMBER MAY ELECT TO RECEIVE A $75 PER DIEM ALLOWANCE FOR EACH BOARD MEETING ATTENDED DURING THE YEAR. Governing documents etc available to public Part VI line 19 DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Other or change in accounting method Part XII line 1 THE ORGANIZATION USES THE MODIFIED CASH BASIS METHOD OF ACCOUNTING. List of other fees for services expenses Part IX line 11g OTHER FEES FOR SERVICES EXPENSE TOTALING $845,095 CONSISTS OF: $765,865 BSOL CONSIGNOR $73,480 FIELD INSPECTOR $5,550 WRITERS & PHOTOGRAPHERS $200 MAGAZINE PUBLICATION FINCANCE CHARGE