2026-05-11T11:40:49-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 901 VIA PIEMONTE SUITE 300 ONTARIO CA 91764 990 2024-07-01 954406781 THOROUGHBRED OWNERS OF CALIFORNIA THOR 6265746621 285 W HUNTINGTON DRIVE ARCADIA CA 91007 WILLIAM NADER PRESIDENT/CEO 6265746621 2026-05-08 1 1 CASIE ZWAHLEN CPA P02291311 9099857286 2026-05-08 2024 2025-03-06 01:10:19Z WILLIAM NADER 285 W HUNTINGTON DRIVE ARCADIA CA 91007 1269297 0 X WWW.TOCONLINE.COM X 1993 CA REPRESENT THE INTERESTS OF CALIFORNIA THOROUGHBRED RACE HORSE OWNERS AND THE INDUSTRY. 15 15 5 15 0 0 0 0 990743 916976 159737 103571 288433 248750 1438913 1269297 51270 57775 0 0 839208 840757 0 0 0 559616 551363 1450094 1449895 -11181 -180598 3529267 2447055 1742655 604297 1786612 1842758 X THOROUGHBRED OWNERS OF CALIFORNIA'S OVERALL PURPOSE IS TO PROVIDE EFFECTIVE LEADERSHIP TO THE THOROUGHBRED RACING INDUSTRY IN CALIFORNIA. TOC INTENDS TO ACCOMPLISH THIS BY CONTINUALLY IMPROVING THE PROFITABILITY OF OWNERSHIP, INCREASING THE NUMBER OF HORSE OWNERS, ELEVATING THE QUALITY OF CALIFORNIA'S HORSES, AND USING EMERGING TECHNOLOGIES TO THE BENEFIT OF RACING. 0 0 PROVIDE INFORMATION RESOURCES FOR THOROUGHBRED HORSE OWNERS IN CALIFORNIA, PUBLISH A QUARTERLY NEWSLETTER FOR MEDIA AND THE PUBLIC, CONDUCT CLINICS FOR OWNERS AND THE PUBLIC, AND HOST PUBLIC FORUMS DONATION TO CALIFORNIA THOROUGHBRED TRAINERS FOR BENEFIT OF BACKSTRETCH WORKERS SUPPORT THE CALIFORNIA THOROUGHBRED HORSE INDUSTRY. 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X X BILL NADER 6265746620 285 W HUNTINGTON DR ARCADIA CA 91007 GARY FENTON CHAIRMAN 4.00 X X 0 0 0 BOB LIEWALD VICE CHAIRMAN / TREASURER 4.00 X X 0 0 0 TERRY LOVINGIER SECRETARY 4.00 X X 0 0 0 RYAN HANSON DIRECTOR 3.00 X 0 0 0 SAMANTHA SIEGEL DIRECTOR 3.00 X 0 0 0 GARY BARBER DIRECTOR 3.00 X 0 0 0 MATT DOHMAN DIRECTOR 3.00 X 0 0 0 TIM COHEN DIRECTOR 3.00 X 0 0 0 MARK GLATT DIRECTOR 3.00 X 0 0 0 STEPHANIE HORONIS DIRECTOR 3.00 X 0 0 0 TY GREEN DIRECTOR 3.00 X 0 0 0 JOHN HARRIS DIRECTOR 3.00 X 0 0 0 ANDY MATHIS DIRECTOR 3.00 X 0 0 0 JOE CIAGLIA DIRECTOR 3.00 X 0 0 0 NICK ALEXANDER DIRECTOR 3.00 X 0 0 0 WILLIAM NADER PRESIDENT & CEO 40.00 X 575000 0 20328 575000 0 20328 1 0 1 0 VOSS COOK & THEL LLP 2301 DUPONT DR IRVINE CA 92612 LEGAL SERVICES 127822 1 RACE TRACK REVENUE 900099 916976 916976 916976 103571 103571 MANAGEMENT SERVICES 900099 205000 205000 SPONSORSHIPS 900099 43750 43750 248750 1269297 1165726 0 103571 57775 595328 171311 42373 31745 201062 72000 12580 9399 9278 20233 38309 25080 9936 49134 BAD DEBT EXPENSE 104352 1449895 242198 1533603 50039 290183 613437 124954 59130 99869 80744 40363 19125 1538424 1463126 1740 0 3529267 2447055 369054 229540 1373601 374757 1742655 604297 X 1786612 1842758 1786612 1842758 3529267 2447055 X -180598 3306 233438 X 0 0 0 10000 10000 10000 1 CALIFORNIA DEMOCRATIC PARTY 1414 K ST SUITE 250 SACRAMENTO CA 95814 942214618 10000 PART I-A, LINE 1: THE ORGANIZATION MAKES CONTRIBUTIONS TO POLITICAL CAMPAIGNS IN SUPPORT OF THOROUGHBRED HORSE RACING IN CALIFORNIA. DURING FY25, TOC MADE A CONTRIBUTION OF $10,000 ONLY TO CALIFORNIA DEMOCRATIC PARTY. 99869 80744 19125 0 19125 MONEY MARKET 320521 F CERTIFICATES OF DEPOSIT 1142605 F 1463126 1 CALIFORNIA THOROUGHBRED TRAINERS 285 W HUNTINGTON DR ARCADIA CA 91007 953946289 501(C)(6) 10000 0 N/A N/A GENERAL OPERATIONS NATIONAL THOROUGHBRED RACING ASSOCIATION 401 W MAIN ST SUITE 222 LEXINGTON KY 40507 133985050 501(C)(6) 21000 0 N/A N/A NTRA ECLIPSE AWARDS HORSE RACING WOMENS ASSOCIATION 122A E FOOTHILL BLVD 435 ARCADIA CA 91006 883447863 501(C)(3) 6500 0 N/A N/A GENERAL OPERATIONS 1 2 PART I, LINE 2: AS IN PAST YEARS, TOC ONLY SUBMITS GRANTS TO THOROUGHBRED HORSERACING ORGANIZATIONS X X X 0 0 0 WILLIAM NADER PRESIDENT & CEO 475000 0 100000 0 0 0 0 0 20328 0 595328 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THERE ARE 5 PEOPLE ON THE EXECUTIVE COMMITTEE WHO HAVE AUTHORITY TO ACT ON BEHALF OF THE TOC; ANY ACTIONS ARE RATIFIED BY THE FULL BOARD AT A SUBSEQUENT BOARD MEETING. FORM 990, PART VI, SECTION A, LINE 6 CLASSIFICATION OF MEMBERS. THE CORPORATION SHALL HAVE AN OWNER CLASS AND AN OWNER-TRAINER CLASS OF MEMBERS. EACH MEMBER SHALL HAVE VOTING RIGHTS AS SPECIFIED IN THESE BYLAWS. NO PERSON SHALL HOLD MORE THAN ONE MEMBERSHIP IN THE CORPORATION. VOTING RIGHTS OF MEMBERS. MEMBERS SHALL HAVE THE RIGHT TO VOTE, AS SET FORTH IN THESE BYLAWS, ON (I) THE ELECTION OF DIRECTORS, (II) THE DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION, (III) ANY MERGER AND ITS PRINCIPAL TERMS AND ANY AMENDMENT OF THOSE TERMS, AND (IV) ANY ELECTION TO DISSOLVE THE CORPORATION. IN ADDITION, MEMBERS SHALL HAVE ALL RIGHTS AFFORDED MEMBERS UNDER THE CALIFORNIA NONPROFIT MUTUAL BENEFIT CORPORATION LAW. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, THE PRESIDENT & CEO WILL REVIEW AND APPROVE THE TAX RETURN AFTER CONSULTING WITH THE ACCOUNTING TEAM AND STAFF AFTER ANY CHANGES OR REVISIONS NEEDED ARE INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAINTAINS A CONFLICT OF INTERESTS POLICY FOR BOARD MEMBERS, OFFICERS, AND EMPLOYEES. IN CONNECTION WITH ANY ACTUAL OR POTENTIAL CONFLICT OF INTERESTS, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF ANY OUTSIDE INTEREST, OUTSIDE ACTIVITY, AND FINANCIAL INTEREST TO THE BOARD OF DIRECTORS, OR THE BOARD COMMITTEE DELEGATED THE AUTHORITY TO RECEIVE SUCH DISCLOSURES. MONITORING IS PERFORMED REGULARLY BY THE BOARD OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. WHEN CONFLICTS OF INTEREST ARISE AMONG BOARD MEMBERS, THE BOARD WILL IMPOSE RESTRICTIONS ON THE CONFLICTED INDIVIDUAL TO ENSURE IMPARTIALITY AND INTEGRITY IN DECISION-MAKING. INDIVIDUALS WITH A CONFLICT WILL BE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS RELATED TO THE TRANSACTION. THEY WILL NOT BE PRESENT DURING DISCUSSIONS AND VOTING RIGHTS WILL BE RESTRICTED ON MATTERS WHERE THEIR CONFLICT EXISTS. THESE MEASURES HELP MAINTAIN TRANSPARENCY AND PREVENT BIASED OUTCOMES. FORM 990, PART VI, SECTION B, LINE 15A THE FINANCE COMMITTEE IS RESPONSIBLE FOR NEGOTIATING THE COMPENSATION FOR THE PRESIDENT AND CEO, WHICH IS APPROVED BY THE FULL BOARD. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THE ORGANIZATION'S OFFICE. FORM 990, PART XI, LINE 9: ADJUSTMENT TO NET ASSETS 233,438.