Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Breeders Cup Charities Inc.
990EZ • Fiscal year 2018 • EIN 26-2782404
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
30.50x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
27th percentile
Higher net margin than 27% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
3rd percentile
Faster asset growth than 3% of similar nonprofits.
Revenue Growth
40th percentile
Faster revenue growth than 40% of similar nonprofits.
Balance Sheet
Assets
Down$18,443
Down $172,405 (-90%) from 2017
Net Assets
Down-$544,140
Down $9,505 (-1.8%) from 2017
Liabilities
Down$562,583
Down $162,900 (-22%) from 2017
Revenue And Expenses
Revenue
Down$125,300
Down $7,106 (-5.4%) from 2017
Expenses
Up$134,805
Up $4,890 (+3.8%) from 2017
Net Income
Down-$9,505
Down $11,996 (-482%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Feb 1, 2017 to Jan 31, 2018
- Signed
- Oct 4, 2018
- Return Version
- 2017v2.3
- Gross Receipts
- $125,300
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
| Description | Grants | Expenses |
|---|---|---|
| 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. | $101,600 | $33,205 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CRAIG FRAVEL | President | - | $0 | - | - |
| ROBERT FLEMING | Secretary/Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- BREEDERS' CUP CHARITIES INC
- EIN
- 26-2782404
- Phone
- 8592235444
- Address
- 215 WEST MAIN STREET SUITE 250, LEXINGTON, KY 40507
Signing Officer
- Name
- Michael Newman
- Title
- Officer
- Phone
- 8592235444
- Signed
- 2018-10-04
- 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: 101,600.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: bank fees & other. Amount: 4,267. Description: charity expense-art of the horse. Amount: 28,500. Total to form 990-ez, line 16: 32,767.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable. Beg. Of year amount: 0. End of year amount: 7,500.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: intercompany payable. Beg. Of year amount: 725,483. End of year amount: 562,583.”
Raw XML Appendix143 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/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/AddressChangeInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MICHAEL NEWMAN CONTROLLER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8592235444 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 215 WEST MAIN STREET SUITE 250 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LEXINGTON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | KY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 40507 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 190848 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 10943 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 125300 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -9505 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 438 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 190848 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 18443 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 101600 |
| IRS990EZ/GrossReceiptsAmt | 0 | 125300 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -534635 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -544140 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -534635 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -544140 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CRAIG FRAVEL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | ROBERT FLEMING |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY/TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 7500 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 32767 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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). |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 101600 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 33205 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | KY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 725483 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 562583 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 134805 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 33205 |
| IRS990EZ/TotalRevenueAmt | 0 | 125300 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.BREEDERSCUPCHARITIES.ORG |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 125300 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 132406 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 93466 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 23464 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 65595 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 440231 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 440231 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 125300 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 132406 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 93466 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 23464 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 65595 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 440231 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 440231 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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: 101,600. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: BANK FEES & OTHER. AMOUNT: 4,267. DESCRIPTION: CHARITY EXPENSE-ART OF THE HORSE. AMOUNT: 28,500. TOTAL TO FORM 990-EZ, LINE 16: 32,767. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 7,500. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: INTERCOMPANY PAYABLE. BEG. OF YEAR AMOUNT: 725,483. END OF YEAR AMOUNT: 562,583. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE 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/BuildTS | 0 | 2018-06-14 16:35:46Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MICHAEL NEWMAN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | OFFICER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8592235444 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-10-04 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | BREEDERS' CUP CHARITIES INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BREE |
| ReturnHeader/Filer/EIN | 0 | 262782404 |
| ReturnHeader/Filer/PhoneNum | 0 | 8592235444 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 215 WEST MAIN STREET SUITE 250 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LEXINGTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 40507 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | E6A6C32F4AA8C7E2B3AB244846134AECD89DDC2D |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 69.64.8.50 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2018-10-04 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ED |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 13:53:26 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 611191655 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | STROTHMAN & COMPANY PSC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 325 W MAIN ST SUITE 1600 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LOUISVILLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 402024251 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5025851600 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-10-04 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | WILLIAM G MEYER III |
| ReturnHeader/ReturnTs | 0 | 2018-10-08T14:40:55-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-02-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-01-31 |
| ReturnHeader/TaxYr | 0 | 2017 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $18,443
- Liabilities
- $562,583
- Net assets
- -$544,140
- Revenue
- $125,300
- Expenses
- $134,805
- Net income
- -$9,505