STRATEGY STUDIO / PUBLIC DATA EXPLORER

QUARTER HORSE RACING ASSOCIATION OF INDIANA INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
QUARTER HORSE RACING ASSOCIATION OF INDIANA INC (EIN 35-1494271)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-11-13
IRS object ID
201323179349305287
Schema version
2012v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-11-13T17:06:07-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN134205972EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1KAHRE & ASSOCIATES PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11118 N MAIN SUITE AAddressLine1
CityFRANKLINCity
StateINState
ZIP Code46131ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN351494271EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1QUARTER HORSE RACING ASSOCIATION OF INDIANABusinessNameLine1
FieldValueIRS element (for citing)
Name ControlQUARNameControl

US Address USAddress

FieldValueIRS element (for citing)
Address Line18491 WEST 100 SOUTHAddressLine1
CityJAMESTOWNCity
StateINState
ZIP Code46147ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMICHAEL D GROSSName
TitleTREASURERTitle
Phone7654821213Phone
Date Signed2013-11-12DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameDAVID A KAHRE CPAName
PTINP00290096PTIN
Phone3177367440Phone
Date Prepared2013-11-13DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonMICHELLE COLLINSNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line15110 BELL CREEK ROADAddressLine1
CityMUNCIECity
StateINState
ZIP Code47302ZIPCode
FieldValueIRS element (for citing)
Gross Receipts801044GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteHTTP://WWW.QHRAI.NETWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1966YearFormation
State Legal DomicileINStateLegalDomicile
Activity Or Mission DescriptionTHE ASSOCIATION9S MISSION IS TO PROMOTE THE GROWTH, AND ADVANCEMENT OF QUARTER HORSE RACING, BREEDING, AND OWNERSHIP IN INDIANA.ActivityOrMissionDescription
Nbr Voting Members Governing Body16NbrVotingMembersGoverningBody
Nbr Independent Voting Members16NbrIndependentVotingMembers
Total Nbr Employees1TotalNbrEmployees
Total Nbr Volunteers14TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year809555ProgramServiceRevenuePriorYear
Program Service Revenue CY800251ProgramServiceRevenueCY
Investment Income Prior Year1023InvestmentIncomePriorYear
Investment Income Current Year793InvestmentIncomeCurrentYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year810578TotalRevenuePriorYear
Total Revenue Current Year801044TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year62452GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY98607GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year40041SalariesEtcPriorYear
Salaries Etc Current Year37533SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year660009OtherExpensePriorYear
Other Expenses Current Year655167OtherExpensesCurrentYear
Total Expenses Prior Year762502TotalExpensesPriorYear
Total Expenses Current Year791307TotalExpensesCurrentYear
Revenues Less Expenses Prior Year48076RevenuesLessExpensesPriorYear
Revenues Less Expenses CY9737RevenuesLessExpensesCY
Total Assets BOY468533TotalAssetsBOY
Total Assets EOY420733TotalAssetsEOY
Total Liabilities BOY407931TotalLiabilitiesBOY
Total Liabilities EOY350394TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY60602NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY70339NetAssetsOrFundBalancesEOY
Mission DescriptionTHE ASSOCIATION9S MISSION IS TO PROMOTE THE GROWTH, AND ADVANCEMENT OF QUARTER HORSE RACING, BREEDING, AND OWNERSHIP IN INDIANA.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense791307Expense
DescriptionTHE ASSOCIATION HAS APPROXIMATELY 300 MEMBERS. THE ASSOCIATION NEGOTIATED AND EXECUTED CONTRACTS FOR THE 2012 RACING SEASON WITH THE INDIANA TRACKS; SUCCESSFULLY CONDUCTED THE ANNUAL STALLION SERVICE AUCTION (SSA) AND THE RELATED ANNUAL SSA FUTURITY RACES AND SSA DERBY RACES; AND PROMOTED THE COMMON BUSINESS INTERESTS OF THE INDIANA QUARTER HORSE INDUSTRY.Description

Activity2 Activity2

FieldValueIRS element (for citing)
DescriptionTHE ASSOCIATION RECEIVED APPROVAL FROM THE INDIANA HORSE RACING COMMISSION TO BE A REGISTERED HORSEMEN9S ASSOCIATION TO RECEIVE FUNDS ON BEHALF OF INDIANA QUARTER HORSE HORSEMEN UNDER INDIANA CODE SECTION 4-35-7-12 FOR 2012. THE ACTIVITIES CONDUCTED IN 2012 WITH FUNDS RECEIVED PURSUANT TO IC 4-35-7-12 INCLUDE: EQUINE PROMOTION, EQUINE RESCUE, BENEVOLENCE, DENTAL AND OPTICAL PROGRAM, EMERGENCY ASSISTANCE, ACCIDENT INSURANCE, HORSEMEN9S ASSISTANCE, SCHOLARSHIPS, AND ADMINISTRATIVE EXPENSES. ALL FUNDS SPENT PURSUANT TO INDIANA CODE SECTION 4-35-7-12 MUST BE APPROVED BY, OR BE INCLUDED IN THE BUDGET APPROVED BY, THE INDIANA HORSE RACING COMMISSION.Description
FieldValueIRS element (for citing)
Total Program Service Expense791307TotalProgramServiceExpense
Described In501 C3falseDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Subject To Proxy TaxtrueSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiestrueReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualstrueGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With10966NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees1NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members16NbrVotingGoverningBodyMembers
Number Independent Voting Members16NumberIndependentVotingMembers
Family Or Business RelationshiptrueFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholderstrueMembersOrStockholders
Election Of Board MemberstrueElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodyfalseForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicyfalseDocumentRetentionPolicy
Compensation Process CEOfalseCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledINStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonMICHAEL D GROSSNamePerson
Telephone Number7654821213TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line18491 W 100 SAddressLine1
CityJAMESTOWNCity
StateINState
ZIP Code46147ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (16 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
BUTCH YIKE
DIRECTOR1.00X000
CHRIS DUKE
PRESIDENT4.00X000X
DIANNE BENNETT
DIRECTOR1.00X000
DICKEY BENTON
DIRECTOR1.00X000
GARY SMITH
DIRECTOR1.00X000
JON MCGUIRE
DIRECTOR1.00X000
KEVIN CLEARY
DIRECTOR1.00X000
MARGARET THOMPSON
GAMING REVENUE TRUSTEE4.00X410000
MICHAEL D GROSS
TREASURER4.00X000X
ROBIN SURFACE
DIRECTOR1.00X000
ROGER LEWIS
VICE PRESIDENT2.00X000X
RON HAYNES
DIRECTOR1.00X000
TINA CLEARY
DIRECTOR1.00X000
TOM MOSLEY
DIRECTOR OF INDUSTRY RELATION2.00X000
VICKIE DUKE
SECRETARY2.00X000X
MICHELLE COLLINS
EXECUTIVE DIRECTOR40.003141700X
FieldValueIRS element (for citing)
Total Reportable Comp From Org35517TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation0TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
IC 4-35-7-12 REVENUE561499351026351026
STAKES RACES561499287575287575
SPEED SALE561499129300129300
COMMITMENT FEES5614991015010150
STALLION SERVICE AUCT56149974457445

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

FieldValueIRS element (for citing)
Total Revenue Column14755TotalRevenueColumn
Related Or Exempt Function Income14755RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue800251TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column793TotalRevenueColumn
Exclusion$793ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column801044TotalRevenueColumn
Related Or Exempt Function Income800251RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$793ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total1500Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total97107Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total31417Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total3600Total

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total2516Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total8650Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total23839Total

Advertising Advertising

FieldValueIRS element (for citing)
Total47772Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total12241Total

Travel Travel

FieldValueIRS element (for citing)
Total34029Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total55487Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total840Total

Insurance Insurance

FieldValueIRS element (for citing)
Total2355Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServices
STAKES RACES EXPENSES251582251582
SPEED SALE EXPENSES119647119647
TROPHIES & AWARDS3860238602
COMMUNICATIONS98309830

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total50293Total

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total791307Total
Program Services0ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY39153BOY
EOY51EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY426523BOY
EOY418665EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis4199LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec2182LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY2857BOY
EOY2017EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY468533BOY
EOY420733EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY407931BOY
EOY350394EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY407931BOY
EOY350394EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY60602BOY
EOY70339EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY60602BOY
EOY70339EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY468533BOY
EOY420733EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses9737ReconcilationRevenueExpenses
Reconcilation Other Changes0ReconcilationOtherChanges
Method Of Accounting CashXMethodOfAccountingCash
Accountant Compile Or ReviewtrueAccountantCompileOrReview

Accountant Compile Or Review Basis AccountantCompileOrReviewBasis

FieldValueIRS element (for citing)
Financial Statement SeparateXFinancialStatementSeparate
FieldValueIRS element (for citing)
FS AuditedfalseFSAudited
Audit CommitteefalseAuditCommittee
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues NondeductfalseSubstantiallyAllDuesNondeduct
Only In House LobbyingtrueOnlyInHouseLobbying
Agree To Carryover Prior YearfalseAgreeToCarryoverPriorYear

Schedule D IRS990ScheduleD

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis4199OtherCostOrOtherBasis
Depreciation2182Depreciation
Book Value2017BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings2017TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescriptionAmountAmount
IC 4-35-7-12 RESTRICTED FUND A$171,884
CONTRACTUAL COMMITMENTS$176,698
FEDERAL PAYROLL TAXES$1,812
STATE PAYROLL TAXES
FieldValueIRS element (for citing)
Total Of Amounts350394TotalOfAmounts

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedtrueRecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII (4 entries)

Type Of GrantTypeOfGrantNumber Of RecipientsNumberOfRecipientsAmount Of Cash GrantAmountOfCashGrant
BENEVOLENCE4128589
EDUCATION & SCHOLARSHIPS2353018
EMERGENCY FUND210000
QUARTER HORSE RETIREMENT25500

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierI1Identifier
Return ReferenceMonitoring procedures Part I line 2ReturnReference
ExplanationTHE ASSOCIATION MONITORS THE CONTINUING ACTIVITIES OF THE GRANT RECIPIENTS AND FOLLOWS UP WITH THE GRANT RECIPIENTS REGARDING THE USE OF THE GRANT FUNDS.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
O01Officer directors etc family relationship Part VI line 2VICKIE DUKE-SECRETARY-PARENT CHRIS DUKE-PRESIDENT-CHILD KEVIN CLEARY-HUSBAND TINA CLEARY-WIFE
O02Members or stockholder classes and rights Part VI line 6THE ASSOCIATION HAS APPROXIMATELY 300 MEMBERS.
O03Member election for additional members Part VI line 7aMEMBERS ELECT THE BOARD OF DIRECTORS ANNUALLY TO FILL OPEN POSITIONS. DIRECTORS ARE ELECTED TO A THREE YEAR TERM.
O04Form 990 governing body review Part VI line 11THE FORM 990 IS REVIEWED AND APPROVED BY PERTINENT MEMBERS OF THE ASSOCIATION9S BOARD OF DIRECTORS PRIOR TO FILING.
O05Conflict of interest policy compliance Part VI line 12cTHE ASSOCIATION9S BOARD MEMBERS MUST SIGN AN AFFIRMATION THAT THEY HAVE COMPLIED WITH THE ASSOCIATION9S CONFLICT OF INTEREST POLICY.
O06Governing documents etc available to public Part VI line 19THE ASSOCIATION9S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC AT THE INDIANA SECRETARY OF STATE WEBSITE HTTP://WWW.IN.GOV/SOS/BUSINESS/INDEX.HTM.