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Nonprofit · EIN 45-2466591

GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC

Tax-exempt (reinstated) · AVENTURA, FL 33180

Financials

$478K$478K2023$445K$445K2024
Revenue Expenses · by fiscal year end
Financials of GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$444,887$444,887$0$41,519$13,001$28,518
December 31, 2023990$478,019$478,019$0$28,518$0$28,518
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$0
Net income from gaming
$444,887
Other revenue
$444,887

Expenses

Grants and similar amounts paid
$334,865
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$282
Accounting fees
$91,404
Program services (functional)
$334,865
Management and general (functional)
$110,022

Balance sheet and other

Total assets, start of year
$28,518
Total assets, end of year
$41,519
Total liabilities, end of year
$13,001
Net assets, end of year
$28,518
Net assets without donor restrictions
$28,518
Gross receipts
$8,306,492
Employees
0
Volunteers
9
Year formed
2011
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
WILLIAM BADGETTPRESIDENT/CHAIRMAN
Trustee or director, Officer
2$0
SHERI HOLMES STIRLINGSECRETARY
Trustee or director, Officer
10$0
JOSHUA ADAMSTREASURER
Trustee or director, Officer
10$0
MIKE ROGERSDIRECTOR
Trustee or director
2$0
STACIE CLARK ROGERSDIRECTOR
Trustee or director
2$0
BURTON FERNUNGDIRECTOR
Trustee or director
2$0
PHILIP MATTHEWSDIRECTOR
Trustee or director
2$0
LONNY POWELLDIRECTOR
Trustee or director
2$0
NICOLE WALKERDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
WILLIAM BADGETTPRESIDENT/CHAIRMAN
Trustee or director, Officer
2$0
SHERI HOLMES STIRLINGSECRETARY
Trustee or director, Officer
10$0
JOSHUA ADAMSTREASURER
Trustee or director, Officer
10$0
MIKE ROGERSDIRECTOR
Trustee or director
2$0
FRED BREIDIRECTOR
Trustee or director
2$0
STACIE CLARK ROGERSDIRECTOR
Trustee or director
2$0
BURTON FERNUNGDIRECTOR
Trustee or director
2$0
PHILIP MATTHEWSDIRECTOR
Trustee or director
2$0
LONNY POWELLDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
3051 NE 213TH ST, AVENTURA, FL 33180-1262
In care of
% STACIE CLARK
Principal officer (990 for 2024)
WILLIAM BADGETT, 3051 NE 213TH ST, AVENTURA, FL 33180
Signed the 990
WILLIAM BADGETT, PRESIDENT
Phone
(954) 658-7156
Return prepared by
DEAN DORTON ALLEN FORD PLLC

Mission

TO ASSIST WITH THE CARE AND PROPER TREATMENT, AS REQUIRED, TO ENSURE THE HEALTH AND SAFETY OF RETIRED RACEHORSES, PROMOTING PUBLIC AWARENESS CONCERNING THE MISTREATMENT OF RETIRED THOROUGHBRED RACE HORSES, AND EDUCATING THE PUBLIC ABOUT AND SUPPORTING INITIATIVES ON PREVENTION OF THE MISTREATMENT OF RETIRED RACEHORSES.

990 for the year ended December 31, 2024

Program accomplishments

  • IN COORDINATION WITH GULFSTREAM PARK, THE ORGANIZATION WORKS WITH ANIMAL AFTERCARE AND RETIREMENT PROGRAMS TO EVALUATE, RETRAIN, AND REHABILITATE THOROUGHBRED RACEHORSES ONCE THEY LEAVE THEIR RACING CAREER. MANY OF THESE HORSES WILL GO ON TO WORK IN VOCATIONAL AND LIFE SKILL PROGRAMS WITH CHILDREN, ADULTS AND SOME WITH MOUNTED POLICE FORCES AROUND THE WORLD.
    Expenses $334,865 · grants $334,865
  • LICENSED BY THE STATE OF FLORIDA, GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM, INC., WITH A PERMIT TRANSFERRED UNDER FLORIDA STATUTE 550.3345, CONDUCTS RACING PROGRAMS FOR THOROUGHBRED RACEHORSES. THE ORGANIZATION FUNCTIONS AS AN AGENT TO THE PARI-MUTUEL POOL UNDER FLORIDA STATE LAW. NET INCOME WILL BE USED TO FURTHER THE MISSION OF THE CARE AND PROPER TREATMENT OF RETIRED RACEHORSES AND PROMOTION OF PUBLIC AWARENESS AND EDUCATION.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-2466591
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$41,519
Income (IRS master file)
$8,306,492

Revocation and reinstatement

Exemption revoked
May 15, 2017
Posted by the IRS
August 16, 2017
Reinstated
Effective May 15, 2017

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$444,887$444,887$41,519XML
990December 2023$478,019$478,019$28,518XML
990December 2022$3,544,349$3,632,209$66,519IRS
990December 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-2466591).

Questions about GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC

What is the EIN of GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC?
The employer identification number (EIN) of GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC is 45-2466591.
Is GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2017 and reinstated it effective May 15, 2017.
Are donations to GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC?
The 990 for the year ended December 31, 2024 names WILLIAM BADGETT.
Who are the officers and directors of GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $444,887, expenses of $444,887 and total assets of $41,519 at year end.

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