Small Public Charity

FAIR GROUNDS RACING CLUB INC

FAIR GROUNDS RACING CLUB INC is a private foundation categorized as Small Public Charity based in NEW ORLEANS, LA. Its most recent IRS filing (2020) reports total assets of $6K. Imperigo tracks 2 reported grants from this foundation totaling approximately $133K.

EIN: 814652508 NEW ORLEANS, LA Fairs NTEE: N52 Latest filing: 2020
Total Assets$6K
Grants Given2
Grant Total$133K
Filing Years2017–2020

Mission

FAIR GROUNDS RACING CLUB, INC. (THE "CLUB") IS A SOCIAL CLUB ORGANIZED FOR PLEASURE, RECREATION AND ENJOYMENT THAT IS SUPPORTED BY ANNUAL MEMBERSHIP DUES FROM MEMBERS WHO ARE INTERESTED IN OR PASSIONATE ABOUT THE SPORT OF THOROUGHBRED HORSE RACING, THOROUGHBRED HORSE RACING OWNERSHIP AND THOROUGHBRED HORSE EDUCATION.

Sample Grants Given

LOS ANGELES, CA · 2019
UNRESTRICTED DONATION CONSISTING OF EXCESS INCOME EARNED IN EDUCATIONAL ACTIVITIES. IN ACCORDANCE WITH THE MISSION STATEMENT OF THE ORGANIZATION, ALL AMOUNTS EARNED OVER OPERATING EXPENSES WILL BE DONATED TO A 501(C)(3) ORGANIZATION.
$100,000
LOS ANGELES, CA · 2017
UNRESTRICTED DONATION CONSISTING OF EXCESS INCOME EARNED IN EDUCATIONAL ACTIVITIES. IN ACCORDANCE WITH THE MISSION STATEMENT OF THE ORGANIZATION, ALL AMOUNTS EARNED OVER OPERATING EXPENSES WILL BE DONATED TO A 501(C)(3) ORGANIZATION.
$32,800

Showing up to 5 of 2 total records — full history available with membership.

Officers & Directors

DIRECTOR Carey Loshbaugh
DIRECTOR Gary Palmisano
DIRECTOR Mike Ziegler

Officer compensation and complete director data available with membership.

Top Grant Purposes

UNRESTRICTED DONATION CONSISTING OF EXCESS INCOME EARNED IN EDUCATIONAL ACTIVITIES. IN ACCORDANCE WITH THE MISSION STATEMENT OF THE ORGANIZATION, ALL AMOUNTS EARNED OVER OPERATING EXPENSES WILL BE DONATED TO A 501(C)(3) ORGANIZATION.
$132,800 2 grants

Financial Trends

Year Revenue Expenses Assets
2020 $6K
2019 $102K $6K
2018 $58K $31K $108K
2017 $283K $202K $81K

Between 2017 and 2018, reported annual revenue declined from $283K to $58K (-80%), with total assets most recently reported at $6K.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in CA.

CA

Full geographic grant map with state-by-state breakdown available with membership.

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