Civic Intelligence

Bluegrass Steeplechase Estates Inc.

990 • Fiscal year 2018 • EIN 26-3184480

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 14, 2018

1351 Newtown PikeLexington, KY 40511

(859) 253-1686

Siviq Scores

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

Liabilities / Assets

94th percentile

1.13x

Higher debt load relative to assets than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

23.75x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

5th percentile

-62%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

98th percentile

$532,463

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 678.6% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

28th percentile

-3.7%

Faster asset growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

61st percentile

8.9%

Faster revenue growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,646,032

Down $63,466 (-3.7%) from 2017

Net Assets

Down

-$217,240

Down $48,906 (-29%) from 2017

Liabilities

Down

$1,863,272

Down $14,560 (-0.8%) from 2017

Revenue

Up

$78,468

Up $6,428 (+8.9%) from 2017

Expenses

Down

$127,374

Down $535 (-0.4%) from 2017

Net Income

Up

-$48,906

Up $6,963 (+12%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $2,253,791Liabilities 2014: $2,253,726Net Assets 2014: $652014Assets 2015: $2,052,991Liabilities 2015: $2,106,882Net Assets 2015: -$53,8912015Assets 2016: $1,753,620Liabilities 2016: $1,866,085Net Assets 2016: -$112,4652016Assets 2017: $1,709,498Liabilities 2017: $1,877,832Net Assets 2017: -$168,3342017Assets 2018: $1,646,032Liabilities 2018: $1,863,272Net Assets 2018: -$217,2402018Assets 2019: $1,598,978Liabilities 2019: $1,861,870Net Assets 2019: -$262,8922019Assets 2020: $1,570,705Liabilities 2020: $1,891,216Net Assets 2020: -$320,5112020Assets 2021: $1,525,166Liabilities 2021: $1,891,857Net Assets 2021: -$366,6912021Assets 2022: $1,483,301Liabilities 2022: $1,891,940Net Assets 2022: -$408,6392022Assets 2023: $1,460,744Liabilities 2023: $1,930,308Net Assets 2023: -$469,5642023Assets 2024: $1,413,267Liabilities 2024: $1,949,392Net Assets 2024: -$536,1252024Assets 2025: $1,372,267Liabilities 2025: $1,957,804Net Assets 2025: -$585,5372025

Highlighted filing

2018

Assets$1,646,032
Liabilities$1,863,272
Net Assets-$217,240

Operations Trend

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

$200K$100K$0-$100KRevenue 2014: $2,500Expenses 2014: $2,024Net Income 2014: $4762014Revenue 2015: $61,352Expenses 2015: $115,308Net Income 2015: -$53,9562015Revenue 2016: $71,079Expenses 2016: $129,653Net Income 2016: -$58,5742016Revenue 2017: $72,040Expenses 2017: $127,909Net Income 2017: -$55,8692017Revenue 2018: $78,468Expenses 2018: $127,374Net Income 2018: -$48,9062018Revenue 2019: $81,515Expenses 2019: $127,167Net Income 2019: -$45,6522019Revenue 2020: $88,371Expenses 2020: $145,990Net Income 2020: -$57,6192020Revenue 2021: $82,568Expenses 2021: $128,748Net Income 2021: -$46,1802021Revenue 2022: $89,559Expenses 2022: $131,507Net Income 2022: -$41,9482022Revenue 2023: $91,260Expenses 2023: $152,185Net Income 2023: -$60,9252023Revenue 2024: $88,253Expenses 2024: $154,814Net Income 2024: -$66,5612024Revenue 2025: $96,937Expenses 2025: $146,349Net Income 2025: -$49,4122025

Highlighted filing

2018

Revenue$78,468
Expenses$127,374
Net Income-$48,906
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$78,468
Mission and Program Overview

Mission

Bluegrass steeplechase estate, inc.'s mission is to provide housing to low income individuals with mental health/intellectual and developmental disabilities.

To provide housing to low income individuals with mental health/intellectual and developmental disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,648,478$1,613,622▼ $34,856
Cash and Non-Interest-Bearing Accounts$4,014$12,923▲ $8,909
Accounts Receivable$1,241$2,589▲ $1,348
Total Assets$1,709,498$1,646,032▼ $63,466
Other Assets Total$55,765$16,898▼ $38,867
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,796,979$1,796,979→ $0
Accounts Payable and Accrued Expenses$78,916$64,397▼ $14,519
Other Liabilities$1,936$1,896▼ $40
Deferred Revenue$1--
Total Liabilities$1,877,832$1,863,272▼ $14,560
Net Assets / Fund Balance
Unrestricted Net Assets$-168,334$-217,240▼ $48,906
Total Net Assets Fund Balance$-168,334$-217,240▼ $48,906
Total Liabilities and Net Assets / Fund Balance$1,709,498$1,646,032▼ $63,466

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,538,541$166,816$1,705,357
Land$75,034-$75,034
Equipment$47$19,222$19,269
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul BeatricePresident/officer
Jock ConleyBoard Member
Karen WardBoard Member
Linda WattBoard Member
Peggy TudorBoard Member
Philip BergerBoard Member
Dana RoyseCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$78,427
Investment Income
$41
Other Revenue
$0
Change in Net Assets
$-48,906

Audited Revenue Reconciliation

Revenue per Audited Statements
$78,468
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$78,468
Total Revenue per Form 990
$78,468
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$127,374
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$43,256--$43,256
Occupancy$20,150--$20,150
Fees for Services Management-$15,100-$15,100
Fees for Services Accounting-$5,702-$5,702
Office Expenses-$4,897-$4,897
Other Expenses$2,100$2,531-$2,100
Insurance$1,764--$1,764
All Other Expenses$671--$671
Fees for Services Legal-$427-$427
Conferences and Meetings-$15-$15
Total Functional Expenses$84,168$43,206$0$127,374

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$127,374
Total Expenses per Audited Statements$127,374
Total Expenses per Form 990$127,374
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$1,896
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A draft of the return is reviewed first by internal management. After internal management has reviewed the return and any changes are made, a draft is made available for review by the board of directors.

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

Each board member signs the conflict of interest statement annually and has a brief overview of the requirement to disclose. New board members have an orientation which includes the details of the policy. Key employees are given a review of the policy annually and new key employees are educated on the policy in day two of orientation.

Form 990, Part VI, Section B, Line 15

The organization does not compensate anyone; however, the related organization uses the following process: the compensation of the president/ceo is reviewed at initial appointment and annually thereafter. Nationwide surveys are used which include the state of kentucky and other not for profit organizations. The board of directors is given this information which is reviewed and discussed. The board then determines the salary of the president/ceo. For other officers or key employees national and local survey information is reviewed by the human resources director to assist in determining salaries. When broad salary adjustments are deemed necessary in order to be in line with local markets, the information is reviewed and approved by the board of directors.

Form 990, Part VI, Section C, Line 19

Audited financial statements are submitted to both the commonwealth of kentucky as required by contract and to the federal clearinghouse as required. Governing documents, conflict of interest policy, and financial statements are available upon request at the corporate location.

Form 990, Part VII

The individuals listed below work more than 40 hours each week on average when this organization and all related organizations are aggregated: paul beatrice and dana royse. The organization paying the compensation provided the information for the individuals estimated hours, compensation, and benefits.

Filing and Contact Details

Filer

Filer Name
Bluegrass Steeplechase Estates Inc
EIN
26-3184480
Phone
8592531686
Address
1351 NEWTOWN PIKE, LEXINGTON, KY 40511

Signing Officer

Name
Paul Beatrice
Title
President
Phone
8592531686
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Beatrice
Formed
2008
Legal Domicile
Ky
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Deming Malone Livesay & Ostroff Psc
Address
9300 SHELBYVILLE ROAD SUITE 1100, LOUISVILLE, KY 40222-5187
Preparer
Melinda L Heck
Phone
5024269660
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has not changed from prior year. Bluegrass steeplechase estates, inc. Is audited as part of the bluegrass.org, inc. Consolidated group. Bluegrass steeplechase estates, inc. Is included in the bluegrass.org, inc. And affiliates consolidated financial statements. The organization has an audit/finance committee that oversees the audit of the financial statements and the selection of the independent auditor.

Financial Statement Notes

PART X, LINE 2:

The project is exempt from federal, kentucky and local income taxes as a not-for-profit corporation as described under internal revenue code section 501(c)(3). The project files an informational tax return in the u.s. Federal jurisdiction. However, income from certain activities not directly related to the project's tax-exempt purpose may be subject to taxation as unrelated business income. Management does not believe that the project has unrelated business income for the years ended june 30, 2018 and 2017. As of june 30, 2018 and 2017, the project did not have any accrued interest or penalties related to income tax liabilities, and no interest or penalties have been charged to operations for the years then ended.

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

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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0106
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt078427
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt072000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt071054
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt061352
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0282833
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0106
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99960
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt0285333
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt078427
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt072000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt071054
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt061352
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02500
IRS990ScheduleA/Total509Grp/TotalAmt0285333
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt078468
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt072040
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt071079
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt061352
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02500
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0285439
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01538541
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0166816
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01705357
IRS990ScheduleD/EquipmentGrp/BookValueAmt047
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019222
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019269
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0127374
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt075034
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt075034
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01896
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt078468
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS EXEMPT FROM FEDERAL, KENTUCKY AND LOCAL INCOME TAXES AS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE PROJECT FILES AN INFORMATIONAL TAX RETURN IN THE U.S. FEDERAL JURISDICTION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE PROJECT'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. MANAGEMENT DOES NOT BELIEVE THAT THE PROJECT HAS UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2018 AND 2017. AS OF JUNE 30, 2018 AND 2017, THE PROJECT DID NOT HAVE ANY ACCRUED INTEREST OR PENALTIES RELATED TO INCOME TAX LIABILITIES, AND NO INTEREST OR PENALTIES HAVE BEEN CHARGED TO OPERATIONS FOR THE YEARS THEN ENDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01613622
IRS990ScheduleD/TotalExpensesPerForm990Amt0127374
IRS990ScheduleD/TotalLiabilityAmt01896
IRS990ScheduleD/TotalRevenuePerForm990Amt078468
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt078468
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0127374
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt035000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0313687
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1142784
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt0172263
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt170125
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt09227
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt15477
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt02286
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1180
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PAUL BEATRICE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DANA ROYSE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0532463
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1218566
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE RELATED ORGANIZATION, BLUEGRASS.ORG, PAYS THE COMPENSATION TO THE OFFICERS AND USES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION: COMPENSATION COMMITTEE FORM 990 OF OTHER ORGANIZATIONS WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART I
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE RETURN IS REVIEWED FIRST BY INTERNAL MANAGEMENT. AFTER INTERNAL MANAGEMENT HAS REVIEWED THE RETURN AND ANY CHANGES ARE MADE, A DRAFT IS MADE AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER SIGNS THE CONFLICT OF INTEREST STATEMENT ANNUALLY AND HAS A BRIEF OVERVIEW OF THE REQUIREMENT TO DISCLOSE. NEW BOARD MEMBERS HAVE AN ORIENTATION WHICH INCLUDES THE DETAILS OF THE POLICY. KEY EMPLOYEES ARE GIVEN A REVIEW OF THE POLICY ANNUALLY AND NEW KEY EMPLOYEES ARE EDUCATED ON THE POLICY IN DAY TWO OF ORIENTATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT COMPENSATE ANYONE; HOWEVER, THE RELATED ORGANIZATION USES THE FOLLOWING PROCESS: THE COMPENSATION OF THE PRESIDENT/CEO IS REVIEWED AT INITIAL APPOINTMENT AND ANNUALLY THEREAFTER. NATIONWIDE SURVEYS ARE USED WHICH INCLUDE THE STATE OF KENTUCKY AND OTHER NOT FOR PROFIT ORGANIZATIONS. THE BOARD OF DIRECTORS IS GIVEN THIS INFORMATION WHICH IS REVIEWED AND DISCUSSED. THE BOARD THEN DETERMINES THE SALARY OF THE PRESIDENT/CEO. FOR OTHER OFFICERS OR KEY EMPLOYEES NATIONAL AND LOCAL SURVEY INFORMATION IS REVIEWED BY THE HUMAN RESOURCES DIRECTOR TO ASSIST IN DETERMINING SALARIES. WHEN BROAD SALARY ADJUSTMENTS ARE DEEMED NECESSARY IN ORDER TO BE IN LINE WITH LOCAL MARKETS, THE INFORMATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AUDITED FINANCIAL STATEMENTS ARE SUBMITTED TO BOTH THE COMMONWEALTH OF KENTUCKY AS REQUIRED BY CONTRACT AND TO THE FEDERAL CLEARINGHOUSE AS REQUIRED. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE CORPORATE LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE INDIVIDUALS LISTED BELOW WORK MORE THAN 40 HOURS EACH WEEK ON AVERAGE WHEN THIS ORGANIZATION AND ALL RELATED ORGANIZATIONS ARE AGGREGATED: PAUL BEATRICE AND DANA ROYSE. THE ORGANIZATION PAYING THE COMPENSATION PROVIDED THE INFORMATION FOR THE INDIVIDUALS ESTIMATED HOURS, COMPENSATION, AND BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. BLUEGRASS STEEPLECHASE ESTATES, INC. IS AUDITED AS PART OF THE BLUEGRASS.ORG, INC. CONSOLIDATED GROUP. BLUEGRASS STEEPLECHASE ESTATES, INC. IS INCLUDED IN THE BLUEGRASS.ORG, INC. AND AFFILIATES CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION HAS AN AUDIT/FINANCE COMMITTEE THAT OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0BLUEGRASSORG
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0611341060
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0KY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0SOFTWARE SUPPORT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0BLUEGRASS NEW DIRECTIONS INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01351 NEWTOWN PIKE BUILDING 1
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0LEXINGTON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0KY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd040511
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd170
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd180
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd190
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0BLUEGRASSORG INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.37$1.96$0.59$0.10$0.15$0.05
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.41$1.95$0.54$0.09$0.15$0.07
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$1.93$0.47$0.09$0.15$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$1.89$0.41$0.09$0.13$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$1.89$0.37$0.08$0.13$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$1.89$0.32$0.09$0.15$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.60$1.86$0.26$0.08$0.13$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.65$1.86$0.22$0.08$0.13$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$1.88$0.17$0.07$0.13$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.75$1.87$0.11$0.07$0.13$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.05$2.11$0.05$0.06$0.12$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.25$2.25$0.00$0.00$0.00$0.00