Civic Intelligence

Breeders Cup Charities Inc.

990EZ • Fiscal year 2017 • EIN 26-2782404

Feb 01, 2016 to Jan 31, 2017 • Filed on Oct 19, 2017

Organization Profilewww.Breederscupcharities.org
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

98th percentile

3.80x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

5.48x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

47th percentile

1.9%

Higher net margin than 47% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

97th percentile

405%

Faster asset growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

83rd percentile

42%

Faster revenue growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$190,848

Up $153,091 (+405%) from 2016

Net Assets

Up

-$534,635

Up $2,491 (+0.5%) from 2016

Liabilities

Up

$725,483

Up $150,600 (+26%) from 2016

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin47th percentile

Revenue

Up

$132,406

Up $38,940 (+42%) from 2016

Expenses

Up

$129,915

Up $25,620 (+25%) from 2016

Net Income

Up

$2,491

Up $13,320 (+123%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$1.0M$500K$0-$500K-$1.0MAssets 2014: $72,295Liabilities 2014: $608,703Net Assets 2014: -$536,4082014Assets 2015: $49,836Liabilities 2015: $576,133Net Assets 2015: -$526,2972015Assets 2016: $37,757Liabilities 2016: $574,883Net Assets 2016: -$537,1262016Assets 2017: $190,848Liabilities 2017: $725,483Net Assets 2017: -$534,6352017Assets 2018: $18,443Liabilities 2018: $562,583Net Assets 2018: -$544,1402018Assets 2019: $29,433Liabilities 2019: $578,883Net Assets 2019: -$549,4502019Assets 2020: $54,039Liabilities 2020: $609,038Net Assets 2020: -$554,9992020Assets 2021: $61,635Liabilities 2021: $613,266Net Assets 2021: -$551,6312021Assets 2022: $74,589Liabilities 2022: $613,266Net Assets 2022: -$538,6772022Assets 2023: $81,816Liabilities 2023: $635,460Net Assets 2023: -$553,6442023Assets 2024: $70,725Liabilities 2024: $651,310Net Assets 2024: -$580,5852024Assets 2025: $3,350Liabilities 2025: $29,711Net Assets 2025: -$26,3612025

Highlighted filing

2017

Assets$190,848
Liabilities$725,483
Net Assets-$534,635
Open 2017 Filing

Operations Trend

Revenue Growth83rd percentile

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

$200K$100K$0-$100KRevenue 2014: $65,595Expenses 2014: $85,346Net Income 2014: -$19,7512014Revenue 2015: $23,464Expenses 2015: $13,353Net Income 2015: $10,1112015Revenue 2016: $93,466Expenses 2016: $104,295Net Income 2016: -$10,8292016Revenue 2017: $132,406Expenses 2017: $129,915Net Income 2017: $2,4912017Revenue 2018: $125,300Expenses 2018: $134,805Net Income 2018: -$9,5052018Revenue 2019: $120,800Expenses 2019: $126,110Net Income 2019: -$5,3102019Revenue 2020: $100,800Expenses 2020: $106,349Net Income 2020: -$5,5492020Revenue 2021: $183,685Expenses 2021: $180,317Net Income 2021: $3,3682021Revenue 2022: $69,236Expenses 2022: $56,282Net Income 2022: $12,9542022Revenue 2023: $64,900Expenses 2023: $79,867Net Income 2023: -$14,9672023Revenue 2024: $113,402Expenses 2024: $140,343Net Income 2024: -$26,9412024Revenue 2025: $355Expenses 2025: $77,441Net Income 2025: -$77,0862025

Highlighted filing

2017

Revenue$132,406
Expenses$129,915
Net Income$2,491
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Feb 1, 2016 to Jan 31, 2017
Signed
Oct 19, 2017
Return Version
2016v3.0
Gross Receipts
$132,406
Mission and Program Overview

Mission

To raise funds from the public, especially from thoroughbred industry participants and to contribute such funds to other charitable organizations. Breeders' Cup Charities will predominately support charities focusing on human health issues (e.g., breast cancer research or children's health) and equine related causes (e.g., disabled jockey foundation, equine safety research).

Program Services

DescriptionGrantsExpenses
The primary program service is making contributions to tax exempt organizations in furtherance of the corporation's charitable, educational, and scientific goals such as human health issues and equine-related causes.$124,400$5,505
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Craig FravelPresident-$0--
Robert FlemingSecretary/Treasurer-$0--
Robert EllistonPast Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Breeders' Cup Charities Inc
EIN
26-2782404
Phone
8592235444
Address
2525 Harrodsburg Road, Lexington, KY 40504

Signing Officer

Name
Michael Newman
Title
officer
Phone
8592235444
Signed
2017-10-19
Discuss with paid preparer
Yes

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

Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity Classification: General Purpose. Grantee Name: Old Friends, Inc.. Grantee Address: 1841 Paynes Depot Road Georgetown, KY 40324. Grantee Relationship: N/A. Property Description: Cash. Amount Given: 124,400.”

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: Bank Fees & Other. Amount: 5,515.”

Form 990-EZ, Part II, Line 26 - Other Liabilities

“Description: Intercompany Payable. Beg. of Year Amount: 574,883. End of Year Amount: 725,483.”

Raw XML Appendix150 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Michael Newman Controller
IRS990EZ/BooksInCareOfDetail/PhoneNum08592235444
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02525 Harrodsburg Road
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Lexington
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd040504
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt037757
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0190848
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0132406
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt02491
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt037757
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0190848
IRS990EZ/GrantsAndSimilarAmountsPaidAmt0124400
IRS990EZ/GrossReceiptsAmt0132406
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-537126
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-534635
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-537126
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-534635
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Craig Fravel
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Robert Fleming
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Robert Elliston
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary/Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Past Treasurer
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt05515
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0To raise funds from the public, especially from thoroughbred industry participants and to contribute such funds to other charitable organizations. Breeders' Cup Charities will predominately support charities focusing on human health issues (e.g., breast cancer research or children's health) and equine related causes (e.g., disabled jockey foundation, equine safety research).
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The primary program service is making contributions to tax exempt organizations in furtherance of the corporation's charitable, educational, and scientific goals such as human health issues and equine-related causes.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0124400
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt05505
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0KY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0574883
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0725483
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0129915
IRS990EZ/TotalProgramServiceExpensesAmt05505
IRS990EZ/TotalRevenueAmt0132406
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.Breederscupcharities.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0132406
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt093466
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt023464
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt065595
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt052723
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0367654
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0367654
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0132406
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt093466
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt023464
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt065595
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt052723
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0367654
IRS990ScheduleA/TotalSupportAmt0367654
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Activity Classification: General Purpose. Grantee Name: Old Friends, Inc.. Grantee Address: 1841 Paynes Depot Road Georgetown, KY 40324. Grantee Relationship: N/A. Property Description: Cash. Amount Given: 124,400.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Bank Fees & Other. Amount: 5,515.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: Intercompany Payable. Beg. of Year Amount: 574,883. End of Year Amount: 725,483.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26 - Other Liabilities
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Newman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0officer
ReturnHeader/BusinessOfficerGrp/PhoneNum08592235444
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Breeders' Cup Charities Inc
ReturnHeader/Filer/BusinessNameControlTxt0BREE
ReturnHeader/Filer/EIN0262782404
ReturnHeader/Filer/PhoneNum08592235444
ReturnHeader/Filer/USAddress/AddressLine1Txt02525 Harrodsburg Road
ReturnHeader/Filer/USAddress/CityNm0Lexington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040504
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId091B2E524F7321796BBED9ABBA6505630A9A99BEC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.64.8.50
ReturnHeader/FilingSecurityInformation/IPDt02017-10-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm008:03:32
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611191655
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Strothman & Company PSC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0325 W Main St Suite 1600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Louisville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0402024251
ReturnHeader/PreparerPersonGrp/PhoneNum05025851600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William G Meyer III
ReturnHeader/ReturnTs02017-11-15T13:32:08-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-02-01
ReturnHeader/TaxPeriodEndDt02017-01-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$190,848
Liabilities
$725,483
Net assets
-$534,635
Revenue
$132,406
Expenses
$129,915
Net income
$2,491
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.03$0.30$0.26$0.00$0.77$0.77
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$6.51$5.81$1.13$1.40$0.27
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$6.35$5.54$0.65$0.80$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.75$6.13$5.39$0.69$0.56$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$6.13$5.52$1.84$1.80$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$6.09$5.55$1.01$1.06$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.29$5.79$5.49$1.21$1.26$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$5.63$5.44$1.25$1.35$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.91$7.25$5.35$1.32$1.30$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.38$5.75$5.37$0.93$1.04$0.11
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$5.76$5.26$0.23$0.13$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.72$6.09$5.36$0.66$0.85$0.20