HORSEMEN'S WORKERS' COMPENSATION INSURANCE TRUST

Address
1535 GENTILLY BLVD
NEW ORLEANS, LA 70119
Contact
Website: http://lahbpa.org/
Phone: +1 (504) 945-1555
Nonprofit
NTEE: Y20 - Insurance Providers, Services
EIN: 45-6375624

Mission

TO ALLOW TRAINERS IN THE HORSE RACING INDUSTRY TO AFFORD WORKER'S COMPENSATION INSURANCE FOR THEIR EMPLOYEES SO THAT THEY WILL BE PROTECTED IN THE EVENT OF AN ACCIDENT WHILE WORKING IN THE HORSE RACING INDUSTRY. THIS ACTIVITY WILL ALLOW HORSEMEN TO WORK IN A COMPETITIVE ENVIRONMENT.
 20162015
Basic features of the organization
Year of formation2011
Subsection code04
PF filing required0 
Metropolitan statistical area5560
Form of organization
TrustTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00
Number of employees00
Number of people compensated >$100k00
Number of volunteers65
Number of highly compensated contractors00
Personnel
Abott, Tom
Title TRUSTEE
Name of key/compensated person TOM ABOTT
Position of compensated person
Current individual trustee or director True
Average hours per week working for org 1.00
Reportable compensation from org $0.00
Other comp, non-reportable, from org and related orgs $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00
Breaux, Sam
Title TRUSTEE
Name of key/compensated person SAM BREAUX
Position of compensated person
Current individual trustee or director True
Average hours per week working for org 1.00
Reportable compensation from org $0.00
Other comp, non-reportable, from org and related orgs $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00
Clavier, Charlotte
TitleTRUSTEE 
Name of key/compensated personCHARLOTTE CLAVIER 
Position of compensated person
Current individual trustee or directorTrue 
Average hours per week working for org1.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Dupre, Bobby
TitleTRUSTEETRUSTEE
Name of key/compensated personBOBBY DUPREBOBBY DUPRE
Position of compensated person
Current individual trustee or directorTrueTrue
Average hours per week working for org1.001.00
Reportable compensation from org$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00
Faucheux, Ron
TitleTRUSTEE 
Name of key/compensated personRON FAUCHEUX 
Position of compensated person
Current individual trustee or directorTrue 
Average hours per week working for org1.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Hernandez, Keith
TitleTRUSTEE 
Name of key/compensated personKEITH HERNANDEZ 
Position of compensated person
Current individual trustee or directorTrue 
Average hours per week working for org1.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Leggio, Andy
TitleTRUSTEE 
Name of key/compensated personANDY LEGGIO JR 
Position of compensated person
Current individual trustee or directorTrue 
Average hours per week working for org1.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Morrell, Arthur
TitleTRUSTEETRUSTEE
Name of key/compensated personARTHUR MORRELLARTHUR MORRELL
Position of compensated person
Current individual trustee or directorTrueTrue
Average hours per week working for org1.001.00
Reportable compensation from org$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00
Stemmans, Donald
Title TRUSTEE
Name of key/compensated person DONALD STEMMANS
Position of compensated person
Current individual trustee or director True
Average hours per week working for org 1.00
Reportable compensation from org $0.00
Other comp, non-reportable, from org and related orgs $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE WORKERS' COMPENSATION INSURANCE AND RELATED BENEFITS FOR CERTAIN WORKERS PARTICIPATING IN THE RACING INDUSTRY.TO PROVIDE WORKERS' COMPENSATION INSURANCE AND RELATED BENEFITS FOR CERTAIN WORKERS PARTICIPATING IN THE RACING INDUSTRY.
Program service expenses, total$2,256,833.00$2,523,724.00
Programs, including revenue & expenses
TO PROVIDE WORKERS COMPENSATION INSURANCE COVERAGE AND RELATED BENEFITS FOR CERTAIN WORKERS PARTICIPATING IN THE HORSE RACING INDUSTRY.
Program expenses$2,256,833.00$2,523,724.00
Program revenue$3,621,898.00$3,664,524.00
Program descriptionTO PROVIDE WORKERS COMPENSATION INSURANCE COVERAGE AND RELATED BENEFITS FOR CERTAIN WORKERS PARTICIPATING IN THE HORSE RACING INDUSTRY.TO PROVIDE WORKERS COMPENSATION INSURANCE COVERAGE AND RELATED BENEFITS FOR CERTAIN WORKERS PARTICIPATING IN THE HORSE RACING INDUSTRY.
Financial data
Revenue
Total revenue$3,643,529.00$3,664,524.00
Revenue from contributions (total) $0.00
Investment income, current yr$21,631.00$0.00
Total revenue from grants, etc., current yr$0.00$0.00
Total unrelated business revenue$0.00$0.00
Other revenue, current yr$0.00$150,000.00
Net unrelated business taxable revenue$0.00$0.00
Program service revenue (total)$3,621,898.00$3,514,524.00
Gross receipts$3,643,529.00$3,664,524.00
Other types of revenue
Miscellaneous revenue (total) $150,000.00
Income from dividends, interest, and similar investments$21,631.00 
Net rental income $0.00
Expense categories (totals)
Total functional expenses: sum of all$3,104,371.00$3,448,662.00
Total functional expenses: program service $2,256,833.00$2,523,724.00
Total functional expenses: management and general$847,538.00$924,938.00
Total functional expenses: fundraising$0.00$0.00
Fees for services
Legal fees (total)$25,899.00$28,698.00
Fundraising service fees (total)$0.00$0.00
General management fees (total)$709,200.00$775,200.00
Assets and liabilities
Total assets$4,255,779.00$3,957,498.00
Total assets, beginning of year$3,957,498.00$3,624,593.00
Total liabilities$3,145,992.00$3,386,869.00
Total liabilities, beginning of year$3,386,869.00$3,269,827.00
Net assets$1,109,787.00$570,629.00
Net assets, beginning of year$570,629.00$354,766.00
Other liabilities$2,804,021.00$3,118,675.00
Other assets$696,903.00$627,846.00
Cash: non-interest bearing$2,747,495.00$2,772,011.00
Cash: non-interest bearing, beginning of year$2,772,011.00$2,764,095.00
Other financial variables
Revenue less expenses$539,158.00$215,862.00
Accounts receivable, net$267,860.00$39,501.00
Prepaid expenses & deferred charges$543,521.00$518,140.00
Accounts payable & accrued expenses$336,971.00$262,974.00
Deferred revenue$5,000.00$5,220.00
Total net assets or fund balances$1,109,787.00$570,629.00
Governance and accountability
Number of voting members55
Number of independent voting members55
Financial sheets auditedTrueTrue
Accrual accountingTrueTrue
Tax year start date2016-01-012015-01-01
Tax year end date2016-12-012015-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990
Date e-filing submitted2017-12-052017-01-05
IRS schema version2016v3.02015v2.1
Filing identifier201702849349301415201612529349300141
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