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Home Talent Colt Stakes Association

EIN 31-1085083 · Berlin Center, OH

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair62 out of 100GovernanceGood71 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

HOME TALENT COLT STAKES ASSOCIATION PROMOTES AND IMPROVES THE SPORT OF HARNESS RACING AND UNITES ALL PERSONS WITHIN THE HOME TALENT CIRCUIT INTERESTED IN PROMOTING AND MAINTAINING THE INTEGRITY OF THE SPORT.

Income
$330,801
Spending
$343,548
Spent on programs
99%
Reserves
0.6 months of spending
Largest source of income
fees for its services, 100%
Employees
0
Volunteers
14
Highest pay
$6,000, secretary/tr

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 62 out of 100. Higher than 23% of charities in its peer group (recreation and sports, $250k to $1m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.6 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 4% of income.

  • Income trend

    15 of 15

    Income rose 15% on the year before.

  • Spending floor

    15 of 15

    99% of spending went to programs.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 71 out of 100. Higher than 69% of charities in its peer group (recreation and sports, $250k to $1m).

  • Independent board

    25 of 25

    15 of 15 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $338,362 spent. HOME TALENT COLT STAKES ASSOCIATION COORDINATES HARNESS RACING ACTIVITIES FOR THE MEMBERS WHO BELONG TO THE ASSOCIATION WITH THE 14 MEMBER COUNTY FAIRS THAT ARE PART OF THE HOME TALENT CIRCUIT. THIS INCLUDES ADOPTING RULES AND REGULATIONS UNDER WHICH ALL RACES WILL BE CONDUCTED, KEEPING RECORDS OF THE HORSES AND HORSEMEN WHO PARTICIPATE IN THE RACING PROGRAM WITHIN THE CIRCUIT AND COMPUTING THE AMOUNT OF MONEY TO BE DISTRIBUTED AMONG THE HORSEMEN.
  2. $2,550 spent. HOME TALENT COLT STAKES ASSOCIATION GRANTS AN ANNUAL SCHOLARSHIP TO STUDENTS ACTIVE IN OHIO HARNESS RACING AT THE COUNTY FAIRS INCLUDED IN THE APPROVED CIRCUITS. STUDENTS MUST COMPLETE AN APPLICATION PROCESS WHICH INCLUDES WRITING AN ESSAY AND OBTAINING LETTERS OF RECOMMENDATION FROM PERSONS INVOLVED IN HARNESS RACING AS AN OFFICIAL OR FAIR BOARD MEMBER. THE RECIPIENT IS ALSO REQUIRED TO SHOW EVIDENCE OF ENROLLMENT IN A POST SECONDARY INSTITUTION TO RECEIVE THE SCHOLARSHIP.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 2017.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.