Civic Intelligence

Breeders' Cup Limited

990 • Fiscal year 2016 • EIN 13-3082904

Feb 01, 2015 to Jan 31, 2016 • Filed on Jun 06, 2016

2525 Harrodsburg RoadLexington, KY 40504

(859) 223-5444

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.08x

Higher debt load relative to assets than 17% of similar nonprofits.

2016 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

12th percentile

0.10x

Higher debt load relative to revenue than 12% of similar nonprofits.

2016 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2016

Net Margin

62nd percentile

7.5%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

83rd percentile

$658,492

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2016 filings • $50M-$100M nonprofits • Source year 2016

Asset Growth

18th percentile

-2.7%

Faster asset growth than 18% of similar nonprofits.

2016 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

74th percentile

10%

Faster revenue growth than 74% of similar nonprofits.

2016 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Assets

Down

$53,034,860

Down $1,458,057 (-2.7%) from 2015

Net Assets

Up

$48,812,848

Up $1,591,186 (+3.4%) from 2015

Liabilities

Down

$4,222,012

Down $3,049,243 (-42%) from 2015

Revenue

Up

$44,176,015

Up $4,022,357 (+10%) from 2015

Expenses

Down

$40,874,347

Down $1,128,266 (-2.7%) from 2015

Net Income

Up

$3,301,668

Up $5,150,623 (+279%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $49,516,358Liabilities 2010: $10,704,976Net Assets 2010: $38,811,3822010Assets 2011: $53,868,282Liabilities 2011: $11,307,342Net Assets 2011: $42,560,9402011Assets 2012: $49,482,022Liabilities 2012: $5,813,520Net Assets 2012: $43,668,5022012Assets 2013: $52,892,349Liabilities 2013: $7,890,480Net Assets 2013: $45,001,8692013Assets 2014: $60,769,270Liabilities 2014: $15,294,149Net Assets 2014: $45,475,1212014Assets 2015: $54,492,917Liabilities 2015: $7,271,255Net Assets 2015: $47,221,6622015Assets 2016: $53,034,860Liabilities 2016: $4,222,012Net Assets 2016: $48,812,8482016Assets 2017: $57,089,222Liabilities 2017: $3,205,134Net Assets 2017: $53,884,0882017Assets 2018: $63,519,213Liabilities 2018: $726,392Net Assets 2018: $62,792,8212018Assets 2019: $69,664,917Liabilities 2019: $905,348Net Assets 2019: $68,759,5692019Assets 2020: $85,293,196Liabilities 2020: $8,200,882Net Assets 2020: $77,092,3142020Assets 2021: $95,226,655Liabilities 2021: $18,745,108Net Assets 2021: $76,481,5472021Assets 2022: $117,837,245Liabilities 2022: $16,181,054Net Assets 2022: $101,656,1912022Assets 2023: $111,786,548Liabilities 2023: $20,169,720Net Assets 2023: $91,616,8282023Assets 2024: $113,159,231Liabilities 2024: $18,100,897Net Assets 2024: $95,058,3342024Assets 2025: $123,730,032Liabilities 2025: $22,666,258Net Assets 2025: $101,063,7742025

Highlighted filing

2016

Assets$53,034,860
Liabilities$4,222,012
Net Assets$48,812,848

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $42,145,6552010Revenue 2011: $45,321,443Expenses 2011: $41,578,288Net Income 2011: $3,743,1552011Revenue 2012: $797,651Expenses 2012: $689,880Net Income 2012: $107,7712012Revenue 2013: $40,853,271Expenses 2013: $42,886,966Net Income 2013: -$2,033,6952013Revenue 2014: $38,674,888Expenses 2014: $42,090,708Net Income 2014: -$3,415,8202014Revenue 2015: $40,153,658Expenses 2015: $42,002,613Net Income 2015: -$1,848,9552015Revenue 2016: $44,176,015Expenses 2016: $40,874,347Net Income 2016: $3,301,6682016Revenue 2017: $45,194,768Expenses 2017: $42,390,145Net Income 2017: $2,804,6232017Revenue 2018: $49,518,649Expenses 2018: $48,214,489Net Income 2018: $1,304,1602018Revenue 2019: $51,067,347Expenses 2019: $47,226,586Net Income 2019: $3,840,7612019Revenue 2020: $46,230,829Expenses 2020: $46,844,817Net Income 2020: -$613,9882020Revenue 2021: $45,264,565Expenses 2021: $52,564,127Net Income 2021: -$7,299,5622021Revenue 2022: $60,542,303Expenses 2022: $49,372,175Net Income 2022: $11,170,1282022Revenue 2023: $51,010,416Expenses 2023: $50,197,979Net Income 2023: $812,4372023Revenue 2024: $48,087,353Expenses 2024: $51,247,098Net Income 2024: -$3,159,7452024Revenue 2025: $51,462,177Expenses 2025: $57,952,209Net Income 2025: -$6,490,0322025

Highlighted filing

2016

Revenue$44,176,015
Expenses$40,874,347
Net Income$3,301,668
Jump To
Filing Snapshot
Filing Period
Feb 1, 2015 to Jan 31, 2016
Signed
Jun 6, 2016
Return Version
2015v2.1
Gross Receipts
$49,272,708
Mission and Program Overview

Mission

To conduct the breeders' cup world championships at the highest levels of quality, safety and integrity and to promote the growth of thoroughbred breeding, racing and sales through proactive leadership, innovation and service.

To support breeders by promoting the growth of the thoroughbred racing industry and improving business conditions for breeders through the staging of the Breeders' Cup competition

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$32,262,720$28,379,536▼ $3,883,184
Investments Other Securities$13,806,670$13,757,910▼ $48,760
Accounts Receivable$1,177,554$2,691,696▲ $1,514,142
Prepaid Expenses and Deferred Charges$97,516$223,573▲ $126,057
Land, Buildings, and Equipment, Net$103,557$170,249▲ $66,692
Savings and Temporary Cash Investments$123,603$136,327▲ $12,724
Intangible Assets$5,023$4,847▼ $176
Total Assets$54,492,917$53,034,860▼ $1,458,057
Other Assets Total$6,916,274$7,670,722▲ $754,448
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,711,159$3,076,840▼ $3,634,319
Accounts Payable and Accrued Expenses$560,096$1,145,172▲ $585,076
Total Liabilities$7,271,255$4,222,012▼ $3,049,243
Net Assets / Fund Balance
Unrestricted Net Assets$47,156,662$48,747,848▲ $1,591,186
Temporarily Rstr Net Assets$65,000$65,000→ $0
Total Net Assets Fund Balance$47,221,662$48,812,848▲ $1,591,186
Total Liabilities and Net Assets / Fund Balance$54,492,917$53,034,860▼ $1,458,057

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$168,012$844,362$1,012,374
Equipment$2,237$4,745$6,982
Other Assets Org$7,578,917--
Other Securities$2,500,000--
Financial Derivatives$8,038,350--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Craig FravelPresident/CEOFT$617,588$40,904$658,492
Robert N EllistonExecutive VP & COOFT$318,499$40,976$359,475
Dora J DelgadoSR VP Racing & nominationsFT$218,709$37,842$256,551
Brian PetigrewSR VP Marketing and SponsorshipsFT$220,710$27,253$247,963
Peter RotondoVP Media EntertainmentFT$204,922$14,379$219,301
Justin N McDonaldVP MArketing & Digital MedFT$159,511$32,357$191,868
Todd SparksVP Information TechnologyFT$143,078$32,054$175,132
TIm SchramVP Finace & HRFT$134,133$16,427$150,560
Heather HigginsVP Corporate PArtnershipsFT$118,926$15,102$134,028
Stefanie A PalmieriSR Director Special EventsFT$115,268$14,795$130,063
Michael NewmanVP TreasurerFT$112,668$15,250$127,918
Andrew SheinmanSR VP & CMO (Former)FT$112,500$1,166$113,666
Bob WattSecretary-$6,900-$6,900

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$42,183,611
Investment Income
$1,989,654
Other Revenue
$2,750
Change in Net Assets
$3,301,668
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,842,476
Salaries, Compensation, and Employee Benefits$3,944,359
Grants and Similar Amounts Paid$87,512
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$4,444,386
Current Officers, Directors, Trustees, and Key Employees---$2,765,017
Other Salaries and Wages---$741,119
Office Expenses---$511,724
Fees for Services Other---$470,352
Travel---$416,879
Fees for Service Investment Mgmnt Fees---$218,745
Other Expenses---$200,000
Payroll Taxes---$193,851
Other Employee Benefits---$192,016
Fees for Services Legal---$151,504
Insurance---$111,552
Grants to Domestic Orgs---$87,512
Depreciation Depletion---$81,075
Pension Plan Contributions---$52,356
Interest---$49,064
Fees for Services Accounting---$39,549
Conferences and Meetings---$24,251
Occupancy---$8,973
Total Functional Expenses$0$0$0$40,874,347
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Thoroughbred Aftercare alliance foundation incLexington, KY501(c)(3)Equine Facility support$42,900

International Summary

Offices
0
Employees
0
Spending
$8,211,785

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,InvestmentsConsulting--$8,038,350
Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesNominations--$67,500
Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesAdvertising--$45,500
Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesConsulting--$23,717
North America - Canada and Mexico, but but not the United StatesProgram Services---$21,500
ArgentinaProgram ServicesNominations--$10,000
Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesNominations--$5,218
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

The board of trustees and directors of Breeders' cup limited consists primarily of individuals invloved in many facets of the thoroughbred industry, including the breeding and racing of thoroughbred horses. Breeders' cup limited's trustees and directors may own horses directly or through partnerships that are eligible for breeders' cup purses or awards. Certain trustees, directors or their farms are managers with respect to certain stallions and foals that collectively generate a majority of the stallion and foal nomination fees on behalf of Breeders' Cup Limited.

Form 990, Part VI, Section A, line 6

Through breeders' cup championships, breeders' cup challenge series, year round stakes program, and nominations program, breeders' cup limited promotes the thoroughbred industry by enhancing public awareness of thoroughbred racing and the industry in general track promotion of breeders' cup races, television, radio and internet promotions, newsfeeds, press conferences, press releases, the kentucky horse park exhibit, and other promotional campaigns are all used to increase public awareness and promote the thoroughbred industry more than 94,000 spectators attended the 2015 breeders' cup championships which generated over $30 million in revenues for the organization the financial success of the 2015 championships enabled the organization to fund nearly $28.2 million in purses and nominator awards for the year

Form 990, Part VI, Section A, line 7A

There are 48 members. Members have the right to change corporate bylaws and to elect the governing body

Form 990, Part VI, Section A, line 7B

Decisions requirirng approval by members include only changes to bylaws

Form 990, Part VI, Section B, line 11

Reviewed by senior financial managers, finance & audit committee, and the governing body during june 2016. After their review, a final draft of the form 990 is distributed via email to the entire board of directors before it is filed with the irs.

Form 990, Part VI, Section B, line 12C

Conflict of interest questionnaire is completed by each board member annually. Employees are subject to the conflict of interest policy and are required to contact the human resources department should a conflict arise. Potential conflicts are reviewed by outside legal counsel to determine if additional followup and review is appropriate. if a conflict is identified, the individuals involved in the conflict must remove themselves from the decision making process associated with the conflict.

Form 990, Part VI, Section B, line 15

A third party consultant reviewed company's compensation for key managment employees for 2015. the compensation comittee reviews the compnay's annual compensation budget prior to the review and approval of compensation by the board of directors. the compensation committe reviews year-end bonuses for all employees. the board of directors reviews and approves year-end bonuses for senior manager on an individual basis

Form 990, Part VI, Section C, line 19

Annual audited financial statements are published on company web page. Governing documents and policies are available for review upon request at the organization's corporate office

Filing and Contact Details

Filer

Filer Name
Breeders' Cup Limited
EIN
13-3082904
Phone
8592235444
Address
2525 Harrodsburg Road, Lexington, KY 40504

Signing Officer

Name
MIchael Newman
Title
Treasurer
Phone
8592235444
Signed
2016-06-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Fravel
Formed
1980
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
14
Employees
0
Volunteers
50

Preparer

Firm
Strothman & Company PSC
Address
325 W Main St Suite 1600, Louisville, KY 40202-4251
Preparer
William G Meyer III
Phone
5025851600
Supplemental Narrative

Additional Explanations

Part XII, Line 2C Explanation

Oversight and selection of the independent auditors is done by the Finance & Audit Committee.

Financial Statement Notes

Part X, Line 2:

In respect to accounting for uncertainty in income taxes, a tax position is recognized as a benefit only if it is more likely than not that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more likely than not test, no tax benefit is recorded.

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IRS990/Form990PartVIISectionAGrp/PersonNm6Elliott Walden
IRS990/Form990PartVIISectionAGrp/PersonNm7Fred W Hertrich III
IRS990/Form990PartVIISectionAGrp/PersonNm8J David Richardson MD
IRS990/Form990PartVIISectionAGrp/PersonNm9Roy Jackson
IRS990/Form990PartVIISectionAGrp/PersonNm10Tom Ludt
IRS990/Form990PartVIISectionAGrp/PersonNm11William S Farish Jr
IRS990/Form990PartVIISectionAGrp/PersonNm12Barbara Banke
IRS990/Form990PartVIISectionAGrp/PersonNm13BOBBY FLAY
IRS990/Form990PartVIISectionAGrp/PersonNm14DAN PRIDE
IRS990/Form990PartVIISectionAGrp/PersonNm15Dora J Delgado
IRS990/Form990PartVIISectionAGrp/PersonNm16Michael Newman
IRS990/Form990PartVIISectionAGrp/PersonNm17Robert N Elliston
IRS990/Form990PartVIISectionAGrp/PersonNm18Brian Petigrew
IRS990/Form990PartVIISectionAGrp/PersonNm19Bob Watt
IRS990/Form990PartVIISectionAGrp/PersonNm20Heather Higgins
IRS990/Form990PartVIISectionAGrp/PersonNm21Justin N McDonald
IRS990/Form990PartVIISectionAGrp/PersonNm22Peter Rotondo
IRS990/Form990PartVIISectionAGrp/PersonNm23Stefanie A Palmieri
IRS990/Form990PartVIISectionAGrp/PersonNm24TIm Schram
IRS990/Form990PartVIISectionAGrp/PersonNm25TODD SPARKS
IRS990/Form990PartVIISectionAGrp/PersonNm26ANDREW SHEINMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16112668
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18220710
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt196900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20118926
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22204922
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23115268
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24134133
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt25143078
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt26112500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9director
IRS990/Form990PartVIISectionAGrp/TitleTxt10director
IRS990/Form990PartVIISectionAGrp/TitleTxt11director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15SR VP Racing & nominations
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt17Executive VP & COO
IRS990/Form990PartVIISectionAGrp/TitleTxt18SR VP Marketing and Sponsorships
IRS990/Form990PartVIISectionAGrp/TitleTxt19Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP Corporate PArtnerships
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP MArketing & Digital Med
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP Media Entertainment
IRS990/Form990PartVIISectionAGrp/TitleTxt23SR Director Special Events
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP Finace & HR
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP Information Technology
IRS990/Form990PartVIISectionAGrp/TitleTxt26SR VP & CMO (Former)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01801520
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt087512
IRS990/GrantsToDomesticOrgsGrp/TotalAmt087512
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt06898213
IRS990/GrossReceiptsAmt049272708
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt012
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/TotalAmt0111552
IRS990/IntangibleAssetsGrp/BOYAmt05023
IRS990/IntangibleAssetsGrp/EOYAmt04847
IRS990/InterestGrp/TotalAmt049064
IRS990/InvestmentIncomeGrp/ExclusionAmt0188134
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0188134
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt013806670
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt013757910
IRS990/InvestmentsPubTradedSecGrp/BOYAmt032262720
IRS990/InvestmentsPubTradedSecGrp/EOYAmt028379536
IRS990/IRPDocumentCnt0146
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0849107
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0103557
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0170249
IRS990/LandBldgEquipCostOrOtherBssAmt01019356
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt05096693
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To support breeders by promoting the growth of the thoroughbred racing industry and improving business conditions for breeders through the staging of the breeders' cup competition
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06711159
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03076840
IRS990/NetAssetsOrFundBalancesBOYAmt047221662
IRS990/NetAssetsOrFundBalancesEOYAmt048812848
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01801520
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01801520
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1710483
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt08973
IRS990/OfficeExpensesGrp/TotalAmt0511724
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06916274
IRS990/OtherAssetsTotalGrp/EOYAmt07670722
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0192016
IRS990/OtherExpensesGrp/Desc0Purse Expense
IRS990/OtherExpensesGrp/Desc1Television Expenses
IRS990/OtherExpensesGrp/Desc2Direct Event Operations
IRS990/OtherExpensesGrp/Desc3Membership Dues to NTRA
IRS990/OtherExpensesGrp/TotalAmt028151614
IRS990/OtherExpensesGrp/TotalAmt11761549
IRS990/OtherExpensesGrp/TotalAmt2201259
IRS990/OtherExpensesGrp/TotalAmt3200000
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other
IRS990/OtherRevenueMiscGrp/ExclusionAmt02750
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02750
IRS990/OtherRevenueTotalAmt02750
IRS990/OtherSalariesAndWagesGrp/TotalAmt0741119
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt0193851
IRS990/PensionPlanContributionsGrp/TotalAmt052356
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt097516
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0223573
IRS990/PrincipalOfficerNm0Craig Fravel
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0Simulcast Fees & Host Track Contr
IRS990/ProgramServiceRevenueGrp/Desc1NOMINATION FEES
IRS990/ProgramServiceRevenueGrp/Desc2Entry Fees
IRS990/ProgramServiceRevenueGrp/Desc3Rights and Royalties
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018268749
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115265536
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25570000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33079326
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018268749
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115265536
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25570000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33079326
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt094918
IRS990/PYInvestmentIncomeAmt0999704
IRS990/PYOtherExpensesAmt038233606
IRS990/PYOtherRevenueAmt0621
IRS990/PYProgramServiceRevenueAmt039153333
IRS990/PYRevenuesLessExpensesAmt0-1848955
IRS990/PYSalariesCompEmpBnftPaidAmt03674089
IRS990/PYTotalExpensesAmt042002613
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt040153658
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03301668
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt042183612
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0123603
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0136327
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02237
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04745
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06982
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt08038350

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$124$22.7$101$51.5$58.0$6.49
2024Detailed filing. Detailed filing data is available for this year.$113$18.1$95.1$48.1$51.2$3.16
2023Detailed filing. Detailed filing data is available for this year.$112$20.2$91.6$51.0$50.2$0.81
2022Detailed filing. Detailed filing data is available for this year.$118$16.2$102$60.5$49.4$11.2
2021Detailed filing. Detailed filing data is available for this year.$95.2$18.7$76.5$45.3$52.6$7.30
2020Detailed filing. Detailed filing data is available for this year.$85.3$8.20$77.1$46.2$46.8$0.61
2019Detailed filing. Detailed filing data is available for this year.$69.7$0.91$68.8$51.1$47.2$3.84
2018Detailed filing. Detailed filing data is available for this year.$63.5$0.73$62.8$49.5$48.2$1.30
2017Detailed filing. Detailed filing data is available for this year.$57.1$3.21$53.9$45.2$42.4$2.80
2016Detailed filing. Detailed filing data is available for this year.$53.0$4.22$48.8$44.2$40.9$3.30
2015Detailed filing. Detailed filing data is available for this year.$54.5$7.27$47.2$40.2$42.0$1.85
2014Detailed filing. Detailed filing data is available for this year.$60.8$15.3$45.5$38.7$42.1$3.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.9$7.89$45.0$40.9$42.9$2.03
2012Summary only. Only limited summary data is available for this year.$49.5$5.81$43.7$0.80$0.69$0.11
2011Summary only. Only limited summary data is available for this year.$53.9$11.3$42.6$45.3$41.6$3.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.5$10.7$38.8$42.1