Nonprofit · EIN 72-0741816
LOUISIANA QUARTER HORSE BREEDERS ASSOCIATION
Tax-exempt · ALEXANDRIA, LA 71303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $8,493,254 | $7,366,167 | $1,127,087 | $13,080,847 | $1,214,819 | $11,866,028 |
| December 31, 2024 | 990 | $7,928,354 | $7,515,021 | $413,333 | $11,866,746 | $1,127,804 | $10,738,942 |
| December 31, 2023 | 990 | $7,671,089 | $7,636,925 | $34,164 | $11,599,369 | $1,273,759 | $10,325,610 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,486,839
- of which government grants
- $2,457,948
- Membership dues
- $28,891
- Program service revenue
- $1,960,652
- Investment income
- $543,175
- Other revenue
- $3,502,588
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $491,689
- Salaries, compensation and benefits (total)
- $565,512
- Professional fundraising fees
- $0
- Legal fees
- $52,743
- Accounting fees
- $39,941
- Travel
- $39,787
- Depreciation
- $15,365
- Program services (functional)
- $7,097,986
- Management and general (functional)
- $268,181
Balance sheet and other
- Total assets, start of year
- $11,866,746
- Total assets, end of year
- $13,080,847
- Total liabilities, end of year
- $1,214,819
- Net assets, end of year
- $11,866,028
- Land, buildings and equipment
- $167,272
- Net assets without donor restrictions
- $2,135,893
- Net assets with donor restrictions
- $9,730,135
- Gross receipts
- $8,493,254
- Employees
- 5
- Volunteers
- 14
- Year formed
- 1966
- State of legal domicile
- LA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIRT CHAISSON | PRESIDENT Trustee or director, Officer | – | $0 |
| LARRY FINDLEY | 1ST VP Trustee or director, Officer | – | $0 |
| JEROME BELLARD | 2ND VP Trustee or director, Officer | – | $0 |
| RILEY BLANCHET | BOARD MEMBER Trustee or director | – | $0 |
| KAREN FALGOUST | BOARD MEMBER Trustee or director | – | $0 |
| D MICHAEL HAYES | BOARD MEMBER Trustee or director | – | $0 |
| KENNY PATTON | BOARD MEMBER Trustee or director | – | $0 |
| MAJOR JOSEPH HENRY THIBAUT JR | BOARD MEMBER Trustee or director | – | $0 |
| BOBBI RANDLE | SECRETARY Trustee or director, Officer | – | $0 |
| STEPHEN DEVILLE | BOARD MEMBER Trustee or director | – | $0 |
| KENT GUILLORY | BOARD MEMBER Trustee or director | – | $0 |
| BRANDON TRAHAN | BOARD MEMBER Trustee or director | – | $0 |
| TIMOTHY ROGERS | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIRT CHAISSON | PRESIDENT Trustee or director, Officer | – | $0 |
| LARRY FINDLEY | 1ST VP Trustee or director, Officer | – | $0 |
| JEROME BELLARD | 2ND VP Trustee or director, Officer | – | $0 |
| RILEY BLANCHET | BOARD MEMBER Trustee or director | – | $0 |
| KAREN FALGOUST | BOARD MEMBER Trustee or director | – | $0 |
| D MICHAEL HAYES | BOARD MEMBER Trustee or director | – | $0 |
| KENNY PATTON | BOARD MEMBER Trustee or director | – | $0 |
| MAJOR JOSEPH HENRY THIBAUT JR | BOARD MEMBER Trustee or director | – | $0 |
| BOBBI RANDLE | SECRETARY Trustee or director, Officer | – | $0 |
| STEPHEN DEVILLE | BOARD MEMBER Trustee or director | – | $0 |
| RICHARD ORTEGO | BOARD MEMBER Trustee or director | – | $0 |
| BRANDON TRAHAN | BOARD MEMBER Trustee or director | – | $0 |
| TIMOTHY ROGERS | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIRT CHAISSON | PRESIDENT Trustee or director, Officer | – | $0 |
| LARRY FINDLEY | 1ST VP Trustee or director, Officer | – | $0 |
| JEROME BELLARD | 2ND VP Trustee or director, Officer | – | $0 |
| RILEY BLANCHET | SECRETARY Trustee or director, Officer | – | $0 |
| KAREN FALGOUST | BOARD MEMBER Trustee or director | – | $0 |
| D MICHAEL HAYES | BOARD MEMBER Trustee or director | – | $0 |
| KENNY PATTON | BOARD MEMBER Trustee or director | – | $0 |
| JIMMIE HATCHER | BOARD MEMBER Trustee or director | – | $0 |
| BOBBI RANDLE | BOARD MEMBER Trustee or director | – | $0 |
| LYLE GUILLORY | BOARD MEMBER Trustee or director | – | $0 |
| RICHARD ORTEGO | BOARD MEMBER Trustee or director | – | $0 |
| BRANDON TRAHAN | BOARD MEMBER Trustee or director | – | $0 |
| TIMOTHY RODGERS | BOARD MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 105 CARLYON LN, ALEXANDRIA, LA 71303-7783
- Principal officer (990 for 2025)
- BRUCE SALARD, 105 CARLYON LANE, ALEXANDRIA, LA 71303
- Signed the 990
- BRUCE SALARD, EXECUTIVE DIRECTOR
- Phone
- (318) 487-9506
- Website
- WWW.LGHBA.COM
- Return prepared by
- KNIGHTMASDEN APAC
Mission
FACILITATE QUARTERHORSE BREEDING/PROVIDE ECONOMIC AND EDUCATIONAL VALUE TO QUARTERHORSE OWNERS.
Program accomplishments
- ESCROW FUNDS FOR RACE TRACKS AND VIDEO POKER TAXExpenses $5,670,736
- ECONOMIC AND EDUCATIONAL VALUE TO HORSE OWNERS WELFARE IN BREEDING OF QUARTER HORSES.Expenses $1,427,250
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 72-0741816
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $13,080,847
- Income (IRS master file)
- $8,493,254
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $8,493,254 | $7,366,167 | $13,080,847 | IRS |
| 990 | December 2024 | $7,928,354 | $7,515,021 | $11,866,746 | IRS |
| 990 | December 2023 | $7,671,089 | $7,636,925 | $11,599,369 | XML |
| 990 | December 2022 | $7,125,891 | $6,840,600 | $11,422,107 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 72-0741816).
Questions about LOUISIANA QUARTER HORSE BREEDERS ASSOCIATION
- What is the EIN of LOUISIANA QUARTER HORSE BREEDERS ASSOCIATION?
- The employer identification number (EIN) of LOUISIANA QUARTER HORSE BREEDERS ASSOCIATION is 72-0741816.
- Is LOUISIANA QUARTER HORSE BREEDERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1983.
- Are donations to LOUISIANA QUARTER HORSE BREEDERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LOUISIANA QUARTER HORSE BREEDERS ASSOCIATION 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 LOUISIANA QUARTER HORSE BREEDERS ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOUISIANA QUARTER HORSE BREEDERS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LOUISIANA QUARTER HORSE BREEDERS ASSOCIATION?
- The 990 for the year ended December 31, 2025 names BRUCE SALARD.
- Who are the officers and directors of LOUISIANA QUARTER HORSE BREEDERS ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does LOUISIANA QUARTER HORSE BREEDERS ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $8,493,254, expenses of $7,366,167 and total assets of $13,080,847 at year end.
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