National Thoroughbred Racing

“National thoroughbred racing association is a national trade association of members from the thoroughbred horseracing industry (racetracks and horseman, owners and breeders)”

“The board of directors shall be comprised of directors with the following representations/ affiliations: (a) up to seven (7) directors shall be representatives of the following members of the corporation, so long as such entities are members of the corporation (hereafter referred to as the "specific entity representatives"): one (1) representative of thoroughbred owners and breeders association; one (1) representative of thoroughbred owners of california; one (1) representative of the jockey club; one (1) representative of thoroughbred horsemen's association; one (1) representative of breeders' cup limited; one (1) representative of new york racing association, inc.; and one (1) representative of keeneland association. (b) up to ten (10) directors may include, but not be limited to, representatives of the following industries (hereafter referred to as the "general representatives"): thoroughbred horse racing tracks; race track organizations, organizations of thoroughbred owners, breeders or trainers; advanced deposit wagering entities; customers of entities in the thoroughbred industry or trade associations for breeds of horses other than thoroughbreds.”

“The chief financial officer of the ntra reviews and approves the forms 990 and forms 990-t prepared by the organizations accounting firm. All members of the governing body of the ntra are provided a copy of this form 990 prior to filing with the irs.”

“In accordance with the business ethics and conflict of interest policy of national thoroughbred racing association, inc. ("ntra"), each director, officer and employee of ntra must provide information regarding potential conflicts of interest involving any business enterprise with which the ntra has a business relationship. Cfo monitors conflict of interest policy by reveiwing most checks, reviewing the general ledger, reading all contracts and sending out the annual disclosure conflict of interest policy to the board. Any conflicts of interest are taken to the board for resolution.”

“The finance committee and the board of directors of the national thoroughbred racing association review and approve the salary, bonuses, etc., provided in the ceo's contract and the finance committee reviews and approves salary increases and bonuses via approval of the annual budget.”

“Governing documents and conflicts of interest policy available to the public upon request. Financial statements available to the public upon request and via website.”

“The accounting firm is recommended by the audit committee overseen by the cfo. The entire process is monitored by the cfo and board treasurer.”