Nonprofit · EIN 85-0204494
NEW MEXICO HORSE BREEDERS ASSOC
Tax-exempt · ALBUQUERQUE, NM 87109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $532,857 | $495,386 | $37,471 | $6,587,004 | $5,562,852 | $1,024,152 |
| December 31, 2024 | 990 | $516,792 | $490,535 | $26,257 | $6,273,445 | $5,298,204 | $975,241 |
| December 31, 2023 | 990 | $439,177 | $494,109 | -$54,932 | $6,748,965 | $5,820,706 | $928,259 |
| December 31, 2021 | 990 | $438,559 | $362,395 | $76,164 | $7,609,830 | $6,634,783 | $975,047 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $507,393
- Investment income
- $25,464
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $112,364
- Other salaries and wages
- $74,736
- Salaries, compensation and benefits (total)
- $218,570
- Professional fundraising fees
- $0
- Legal fees
- $6,406
- Accounting fees
- $35,893
- Occupancy
- $10,547
- Travel
- $3,317
- Depreciation
- $11,158
Balance sheet and other
- Total assets, start of year
- $6,273,445
- Total assets, end of year
- $6,587,004
- Total liabilities, end of year
- $5,562,852
- Net assets, end of year
- $1,024,152
- Land, buildings and equipment
- $233,505
- Publicly traded securities
- $320,237
- Net assets without donor restrictions
- $1,024,152
- Gross receipts
- $532,857
- Employees
- 3
- Volunteers
- 12
- Year formed
- 1961
- State of legal domicile
- NM
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 | Other / benefits |
|---|---|---|---|---|
| MARY BARBER EXECUTIVE DIR | SECRETARY, TREASURER Officer | 40 | $80,123 | $32,241 |
| TOM GONCHAROFF | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| NORMA ALVAREZ | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JAY L TAYLOR | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| PIERRE J AMESTOY JR | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BRIAN ANDERSON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MARK BROWN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| C WARREN FRANKLIN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BOBBY LEE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MIKE LOGAN | DIRECTOR (THROUGH JANUARY 2025) Trustee or director | 0 | $0 | $0 |
| MAC MURRAY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| HELEN NAVE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| SUSIE PRATHER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ANDY RIVERA | DIRECTOR Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY BARBER EXECUTIVE DIR | SECRETARY, TREASURER Officer | 40 | $78,249 | $30,334 |
| JAY L TAYLOR | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| MARK BROWN | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| NANCY SUMMERS 2ND | VICE PRESIDENT (THROUGH 03/25/24) Trustee or director, Officer | 1 | $0 | $0 |
| C WARREN FRANKLIN | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| NORMA ALVAREZ | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BRIAN ANDERSON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DENISE CHAMBLISS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| TOM GONCHAROFF | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DEBRA J LANEY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MIKE LOGAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MAC MURRAY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| HELEN NAVE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| SUSIE PRATHER | DIRECTOR Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY BARBER EXECUTIVE DIR | SECRETARY, TREASURER Officer | 40 | $72,707 | $27,043 |
| TOM GONCHAROFF | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| NORMA ALVAREZ | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| NANCY SUMMERS | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN ANDERSON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MARK BROWN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DENISE CHAMBLISS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| C WARREN FRANKLIN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DEBRA J LANEY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MIKE LOGAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MAC MURRAY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| HELEN NAVE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| SUSIE PRATHER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| R PATRICK SANDERS JR | DIRECTOR Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2021: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY BARBER | EXEC DIR/SECR/TREAS Officer | 40 | $59,550 | $33,427 |
| TOM GONCHAROFF | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| MIKE LOGAN | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JAY L TAYLOR | 2ND VICE PRESIDENT (THRU JAN 2021) Trustee or director, Officer | 1 | $0 | $0 |
| VERNER QUERY | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| NORMA ALVAREZ | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MARK BROWN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| C WARREN FRANKLIN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MIGUEL L GALLEGOS | DIRECTOR (THRU JAN 2021) Trustee or director | 0 | $0 | $0 |
| DEBRA J LANEY | DIRECTOR (THRU JAN 2021) Trustee or director | 0 | $0 | $0 |
| ANNETTE MCCLOY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MAC MURRAY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| NANCY SUMMERS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| VANESSA ALEXANDER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| HELEN NAVE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| SUSIE PRATHER | DIRECTOR Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4836 HARDWARE DR NE STE B, ALBUQUERQUE, NM 87109-2028
- In care of
- % NEW MEXICO HORSE BREEDERS ASSOCIA
- Principal officer (990 for 2025)
- JAY L TAYLOR, 4836 HARDWARE DRIVE NE STE B, ALBUQUERQUE, NM 87109
- Signed the 990
- JAY L TAYLOR, PRESIDENT
- Phone
- (505) 262-0224
- Website
- WWW.NMHORSEBREEDERS.COM
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
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.
Program accomplishments
- 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.
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
- 85-0204494
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,587,004
- Income (IRS master file)
- $532,857
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $532,857 | $495,386 | $6,587,004 | XML |
| 990 | December 2024 | $516,792 | $490,535 | $6,273,445 | XML |
| 990 | December 2023 | $439,177 | $494,109 | $6,748,965 | XML |
| 990 | December 2022 | $463,867 | $442,557 | $7,489,880 | IRS |
| 990 | December 2021 | $438,559 | $362,395 | $7,609,830 | XML |
| 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 85-0204494).
Questions about NEW MEXICO HORSE BREEDERS ASSOC
- What is the EIN of NEW MEXICO HORSE BREEDERS ASSOC?
- The employer identification number (EIN) of NEW MEXICO HORSE BREEDERS ASSOC is 85-0204494.
- Is NEW MEXICO HORSE BREEDERS ASSOC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1969.
- Are donations to NEW MEXICO HORSE BREEDERS ASSOC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW MEXICO HORSE BREEDERS ASSOC 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 NEW MEXICO HORSE BREEDERS ASSOC 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 NEW MEXICO HORSE BREEDERS ASSOC 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 NEW MEXICO HORSE BREEDERS ASSOC?
- The 990 for the year ended December 31, 2025 names JAY L TAYLOR.
- Who are the officers and directors of NEW MEXICO HORSE BREEDERS ASSOC?
- The 990 for the year ended December 31, 2025 lists 14 people; 1 received compensation from the organization, the highest $80,123 (MARY BARBER EXECUTIVE DIR, SECRETARY, TREASURER).
- How much revenue does NEW MEXICO HORSE BREEDERS ASSOC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $532,857, expenses of $495,386 and total assets of $6,587,004 at year end.
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