2025-11-13T15:05:16+00:00 2024-12-31 440160260 Forvis Mazars LLP 1248 O Street Ste 1040 Lincoln NE 685081461 990 2024-01-01 470721298 Nebraska Horsemen's Benevolent and Protective Association Inc NEBR 4028024467 7055 S 1ST ST LINCOLN NE 68512 GERALD WOLLESEN PRESIDENT 4028024467 2025-11-13 true Kristin Tynon P01063388 4024737600 2025-11-17 2024 2025-03-06 01:10:19Z GARALD WOLLESEN 7055 S 1ST ST LINCOLN NE 68512 11222838 false 3300 X HTTP://NEBRASKAHORSEMEN.COM X 1987 NE TO FOSTER, PROMOTE, AND ENCOURAGE A HEALTHIER ECONOMIC CLIMATE, A HIGHER LEVEL OF PUBLIC ACCEPTANCE, AND BETTER RELATIONS AMONG PARTICIPANTS OF THE THOROUGHBRED HORSE INDUSTRY. 12 12 56 0 3174232 2299868 0 0 27202 16591 2331203 3343348 2358405 3359939 13184 20649 60000 65000 159333 601824 0 0 1440783 1389651 1673300 2077124 685105 1282815 21197554 23023896 12702970 13246497 8494584 9777399 THE PURPOSES OF THE ASSOCIATION ARE AS FOLLOWS: TO FOSTER, PROMOTE, AND OTHERWISE ENCOURAGE A HEALTHIER ECONOMIC CLIMATE AND A HIGHER LEVEL OF PUBLIC ACCEPTANCE OF THE THOROUGHBRED HORSE INDUSTRY IN THE STATE OF NEBRASKA AND BETTER RELATIONS AMONG PARTICIPANTS. TO PROTECT THE SAFETY (CONTINUED ON SCHEDULE O) false false FURTHERING THOROUGHBRED RACING ACTIVITIES IN NEBRASKA THROUGH CASH SUPPLEMENTS AT ALL THE NEBRASKA RACETRACKS. PROVIDING MEMBER BENEFITS SUCH AS MEDICAL, FUNERAL, AND BACKSIDE BENEFITS. 0 false false true false true false false false false false true false false false true true true false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false true 291 41 true 56 true true true false false false false false false false X 12 12 false false false false true false false true true false false false false false false false false false true false false false X X LYNNE MCNALLY 4024993398 7055 S 1ST STREET LINCOLN NE 68512 DAVID ANDERSON VICE PRESIDENT 0.0 0.0 X X 0 0 0 GERALD WOLLESEN PRESIDENT 0.0 0.0 X X 0 0 0 LORI THOMAS SECRETARY/TREASURER/COO 40.0 0.0 X X 185662 0 11714 BLAINE ADAMS DIRECTOR 0.0 0.0 X 0 0 0 CHAD MCKAY DIRECTOR 0.0 0.0 X 0 0 0 DALTON DIETER DIRECTOR 0.0 0.0 X 0 0 0 GENE MCCLOUD DIRECTOR 0.0 0.0 X 0 0 0 MARISSA BLACK DIRECTOR 0.0 0.0 X 0 0 0 MARK LEMBERG DIRECTOR 0.0 0.0 X 0 0 0 MONTE HEHNKE DIRECTOR 0.0 0.0 X 0 0 0 NICK FUDGE DIRECTOR 0.0 0.0 X 0 0 0 STEVE HALL DIRECTOR 0.0 0.0 X 0 0 0 LYNNE MCNALLY CHIEF EXECUTIVE OFFICER 40.0 0.0 X 246444 0 13448 432106 0 25162 2 false true false 0 0 0 0 0 0 0 16591 16591 5518664 5518664 0 5518664 5508817 9847 0 0 5525508 7862899 -2337391 -2337391 2806 2806 2806 MISCELLANEOUS REVENUE 900099 139728 139728 STALLION AUCTION INCOME 900099 19541 19541 0 0 0 0 159269 3359939 159269 3174232 26438 20649 65000 144415 387867 15301 15201 39040 21551 19597 111250 0 75532 11501 6200 14241 11678 136487 INCOME TAX EXPENSE 730502 PURSE AND TRACK SUBSIDIES 169987 DUES AND SUBSCRIPTIONS 31624 RENTAL EXPENSES 18210 31291 2077124 1007481 1501551 1313907 1130160 468648 840520 0 0 0 0 0 253924 47247 28753053 9253650 18146961 19499403 0 0 6130 5015 503 0 21197554 23023896 650999 1225813 0 0 9921620 9501179 1109189 1109189 1021162 1410316 12702970 13246497 X 8494584 9777399 X 8494584 9777399 21197554 23023896 1282815 0 X false true false false 56395 56395 56395 true false false true 54855 402489 457344 54855 402489 Schedule C, Part I-A, Line 1 Description of Political Activities SUPPORT OF A CANDIDATE FOR POLITICAL OFFICE. 8891438 8891438 14778402 5535005 9243397 3669389 3227081 442308 1413824 491564 922260 19499403 Federal Income Taxes PURSE ACCOUNTS PAYABLE 106572 MUTUEL OUTS PAYABLE 196070 DEFERRED INCOME TAX PAYABLE 639572 DEPOSITS HELD IN CUSTODY 280354 CURRENT INCOME TAX PAYABLE 187748 1410316 X 11222838 7862899 7862899 3359939 0 0 3359939 9940023 7862899 7862899 2077124 0 0 2077124 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote MANAGEMENT HAS EVALUATED THE INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 GAMING EXPENSES - 7862899 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 GAMING EXPENSES - 7862899 0 0 5525508 7862899 false 0 5525508 7862899 NE true false true false 1.0 0.0 LYNNE MCNALLY 7055 S 1ST STREET LINCOLN NE 68512 true 4983816 91956109 WARHORSE GAMING - LINCOLN LLC & OMAHA LLC PO BOX 390 WINNEBAGO NE 68071 LYNNE MCNALLY 227070 MANAGEMENT X false Schedule G, Part III, Line 5(c) SEE ATTACHED X X false false false LORI THOMAS SECRETARY/TREASURER/COO 146462 0 39200 0 0 0 5858 0 5856 0 197376 0 0 0 LYNNE MCNALLY CHIEF EXECUTIVE OFFICER 183694 0 62750 0 0 0 7592 0 5856 0 259892 0 0 0 Form 990, Part III, Line 1 ORGANIZATION'S MISSION OF MEMBERS, THEIR STABLE PERSONNEL AND THEIR HORSES BY WORKING WITH THE RACE AREA CONDITIONS, PROPER EMERGENCY PROCEDURES, AND REASONABLE STABLING SCHEDULES. TO REPRESENT THE INTERESTS AND PROPERTY RIGHTS OF ITS MEMBERS IN ANY MATTERS WITH ANY RACING ASSOCIATION, JOCKEY'S ORGANIZATION OR ANY OTHER INDUSTRY-RELATED ORGANIZATION. TO REPRESENT THE GENERAL INTEREST OF ITS MEMBERS IN ANY MATTERS WITH ANY LOCAL, STATE, OR FEDERAL GOVERNMENT AND ANY AGENCY THEROF AND ANY RACING COMMISSION. TO INFORM AND EDUCATE ITS MEMBERS AND OTHER SEGMENTS OF THE HORSE INDUSTRY AND TO FOSTER A BETTER UNDERSTANDING OF THE HORSE INDUSTRY BY THE HORSE RACING COMMUNITY; TO ARRANGE FOR PUBLICATIONS, SEMINARS. Form 990, Part VI, Line 6 Classes of members or stockholders NEBRASKA HORESMEN'S BENEVOLENT AND PROTECTIVE ASSOCIATION, INC. HAS A GENERAL MEMBERSHIP THAT INCLUDES PERSONS WHO ARE LICENSED BY THE STATE OF NEBRASKA RACING COMMISSION AS OWNERS OF HORSES AND PERSONS LICENSED AS OWNER-TRAINERS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE PRESIDENT REVIEWS THE FORM 990 PRIOR TO SIGNING THE DOCUMENT. Form 990, Part VI, Line 15a Process to establish compensation of top management official COMPENSATION IS EVALUATED AND APPROVED BY THE BOARD OF DIRECTORS. Form 990, Part VI, Line 19 Required documents available to the public NEBRASKA HORSEMEN'S BENEVOLENT AND PROTECTIVE ASSOCIATION, INC. DOES NOT MAKE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.