Civic Intelligence

Thoroughbred Owners & Breeders Association Inc

990 • Fiscal year 2017 • EIN 61-0663972

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 08, 2018

Organization ProfileWWW.TOBA.ORG

View Organization Page

PO Box 910668Lexington, KY 40591-0668

(859) 276-2291

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

13th percentile

0.00x

Higher debt load relative to revenue than 13% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

99th percentile

68%

Higher net margin than 99% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

88th percentile

$288,768

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

100th percentile

375%

Faster asset growth than 100% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

99th percentile

204%

Faster revenue growth than 99% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$2,865,686

Up $2,262,338 (+375%) from 2016

Net Assets

Up

$2,854,346

Up $2,279,464 (+397%) from 2016

Liabilities

Down

$11,340

Down $17,126 (-60%) from 2016

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin99th percentile

Revenue

Up

$3,348,916

Up $2,247,413 (+204%) from 2016

Expenses

Up

$1,069,452

Up $53,182 (+5.2%) from 2016

Net Income

Up

$2,279,464

Up $2,194,231 (+2574%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $235,128Liabilities 2010: $39,087Net Assets 2010: $196,0412010Assets 2011: $189,893Liabilities 2011: $41,065Net Assets 2011: $148,8282011Assets 2012: $196,199Liabilities 2012: $15,362Net Assets 2012: $180,8372012Assets 2013: $282,186Liabilities 2013: $47,748Net Assets 2013: $234,4382013Assets 2014: $433,043Liabilities 2014: $50,690Net Assets 2014: $382,3532014Assets 2015: $506,130Liabilities 2015: $16,481Net Assets 2015: $489,6492015Assets 2016: $603,348Liabilities 2016: $28,466Net Assets 2016: $574,8822016Assets 2017: $2,865,686Liabilities 2017: $11,340Net Assets 2017: $2,854,3462017Assets 2018: $2,775,800Liabilities 2018: $24,607Net Assets 2018: $2,751,1932018Assets 2019: $3,022,712Liabilities 2019: $78,915Net Assets 2019: $2,943,7972019Assets 2020: $3,118,910Liabilities 2020: $13,559Net Assets 2020: $3,105,3512020Assets 2021: $3,840,044Liabilities 2021: $14,231Net Assets 2021: $3,825,8132021Assets 2022: $3,371,151Liabilities 2022: $29,203Net Assets 2022: $3,341,9482022Assets 2023: $3,882,978Liabilities 2023: $18,501Net Assets 2023: $3,864,4772023Assets 2024: $4,188,581Liabilities 2024: $93,534Net Assets 2024: $4,095,0472024

Highlighted filing

2017

Assets$2,865,686
Liabilities$11,340
Net Assets$2,854,346
Open 2017 Filing

Operations Trend

Revenue Growth99th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,272,7292010Expenses 2011: $934,5032011Expenses 2012: $881,7662012Revenue 2013: $918,592Expenses 2013: $864,991Net Income 2013: $53,6012013Revenue 2014: $1,046,515Expenses 2014: $898,600Net Income 2014: $147,9152014Revenue 2015: $1,066,905Expenses 2015: $959,609Net Income 2015: $107,2962015Revenue 2016: $1,101,503Expenses 2016: $1,016,270Net Income 2016: $85,2332016Revenue 2017: $3,348,916Expenses 2017: $1,069,452Net Income 2017: $2,279,4642017Revenue 2018: $955,571Expenses 2018: $1,058,724Net Income 2018: -$103,1532018Revenue 2019: $947,036Expenses 2019: $997,623Net Income 2019: -$50,5872019Revenue 2020: $755,115Expenses 2020: $739,481Net Income 2020: $15,6342020Revenue 2021: $1,423,625Expenses 2021: $1,169,377Net Income 2021: $254,2482021Revenue 2022: $992,875Expenses 2022: $915,591Net Income 2022: $77,2842022Revenue 2023: $1,112,907Expenses 2023: $905,666Net Income 2023: $207,2412023Revenue 2024: $1,007,370Expenses 2024: $1,091,155Net Income 2024: -$83,7852024

Highlighted filing

2017

Revenue$3,348,916
Expenses$1,069,452
Net Income$2,279,464
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 8, 2018
Return Version
2017v2.3
Gross Receipts
$3,899,002
Mission and Program Overview

Mission

To advertise, promote, and foster the thoroughbred industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$574,882$2,854,346▲ $2,279,464
Investments Other Securities-$2,150,536-
Cash and Non-Interest-Bearing Accounts$427,588$599,612▲ $172,024
Accounts Receivable$125,121$82,332▼ $42,789
Land, Buildings, and Equipment, Net$45,802$31,606▼ $14,196
Prepaid Expenses and Deferred Charges$4,837$1,600▼ $3,237
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$603,348$2,865,686▲ $2,262,338
Liabilities
Accounts Payable and Accrued Expenses$28,466$11,340▼ $17,126
Total Liabilities$28,466$11,340▼ $17,126
Net Assets / Fund Balance
Total Net Assets Fund Balance$574,882$2,854,346▲ $2,279,464
Total Liabilities and Net Assets / Fund Balance$603,348$2,865,686▲ $2,262,338

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,670$30,151$45,821
Equipment$6,261$24,761$31,022
Leasehold Improvements$9,675$4,113$13,788
Other Securities$2,150,536--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dan MetzgerPresidentFT$265,200$23,568$288,768

Board Members and Trustees

NameTitle
J David RichardsonChairman
Everett R DobsonVice Chairman
Barbara R BankeTrustee
Bernard MccormackTrustee
Billy KochTrustee
Brett BrinkmanTrustee
Bryan P SullivanTrustee
CHARLIE O'CONNORTrustee
Craig BernickTrustee
DAVID O'FARRELLTrustee
Doug CauthenTrustee
GARRETT O'ROURKETrustee
James CovelloTrustee
Joe AppelbaumTrustee
Kenneth McpeekTrustee
Kenneth RamseyTrustee
Kevin LavinTrustee
Michael J CarusoTrustee
Mike RogersTrustee
Price H Bell JrTrustee
Robert DevlinTrustee
Rosendo G ParraTrustee
Shelia RosenblumTrustee
Solomon KuminTrustee
Terrence P FinleyTrustee
Michael McmahonSecretary
Brant M LaueTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$221,150
Program Service Revenue
$860,730
Investment Income
$2,263,058
Other Revenue
$3,978
All Other Contributions
$221,150
Change in Net Assets
$2,279,464
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$662,087
Other Expenses$404,231
Grants and Similar Amounts Paid$3,134
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$292,803
Current Officers, Directors, Trustees, and Key Employees---$288,767
All Other Expenses---$65,483
Payroll Taxes---$37,990
Travel---$36,517
Occupancy---$33,277
Other Employee Benefits---$32,303
Fees for Services Other---$29,745
Office Expenses---$29,589
Other Expenses---$15,697
Depreciation Depletion---$14,195
Pension Plan Contributions---$10,224
Information Technology---$8,911
Fees for Services Legal---$8,677
Insurance---$7,607
Advertising---$5,685
Fees for Services Accounting---$5,350
Fees for Service Investment Mgmnt Fees---$4,412
Grants to Domestic Orgs---$3,134
Conferences and Meetings---$3,006
Total Functional Expenses$0$0$0$1,069,452
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“As participants in the thoroughbred industry, it is normal for the board members to have business relationships with each other. Several board members share common ownership interests in thoroughbred horses.”

Form 990, Part VI, Section A, Line 6

“The organization is a membership organization made up of dues paying members from the equine industry.”

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

“The members of the organization vote in an annual election for members of the board.”

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

“Any changes in the bylaws are subject to approval by a select group of members referred to as sponsor members (roughly 22% of the total membership).”

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

“The controller reviews form 990 prior to the president signing the form.”

Form 990, Part VI, Section B, Line 12

“A conflict of interest policy for employees is included in the toba employee handbook. A conflict of interest policy for the board has yet to be adopted. The only monitoring of this policy occurs by having a competitive bidding process.”

Form 990, Part VI, Section B, Line 15

“When the president was hired, the executive committee set his compensation. The chairman reviews the president's compensation and approves any raise of 5% or less. Any raise in excess of that is approved by the executive committee. The president conducts an annual review of other employees and has any compensation adjustments approved by the chairman.”

Form 990, Part VI, Section C, Line 19

“The organization's by-laws are posted on the website. Financial information is available through form 990 and upon request at the discretion of the board of directors and management.”

Filing and Contact Details

Filer

Filer Name
Thoroughbred Owners & Breeders
EIN
61-0663972
Phone
8592762291
Address
PO BOX 910668, LEXINGTON, KY 40591-0668

Signing Officer

Name
Daniel J Metzger
Title
President
Phone
8592762291
Signed
2018-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel J Metzger
Formed
1964
Legal Domicile
Ky
Voting Board Members
27
Independent Board Members
27
Employees
0
Volunteers
33

Preparer

Firm
Dean Dorton Allen Ford Pllc
Address
106 W VINE STREET SUITE 600, LEXINGTON, KY 40507
Preparer
Allison C Carter
Phone
8592552341
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 5 & Part V, Line 2A

“The organization's payroll reporting is handled by adp totalsource through a co-employment arrangement. The organization prepares payroll and adp is responsible for depositing taxes and preparing payroll tax forms. The organization has 6 employees reported on adp totalsource's payroll reports.”

Raw XML AppendixShowing 400 of 604 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.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt27265200
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
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01964
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt03702
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GrantsToDomesticOrgsGrp/TotalAmt03134
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0553788
IRS990/GrossReceiptsAmt03899002
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt027
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt08911
IRS990/InsuranceGrp/TotalAmt07607
IRS990/InvestmentIncomeGrp/ExclusionAmt02259356
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02259356
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02150536
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt059025
IRS990/LandBldgEquipBasisNetGrp/BOYAmt045802
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031606
IRS990/LandBldgEquipCostOrOtherBssAmt090631
IRS990/LegalDomicileStateCd0KY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0550086
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ADVERTISE, PROMOTE, AND FOSTER THE THOROUGHBRED INDUSTRY
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0574882
IRS990/NetAssetsOrFundBalancesEOYAmt02854346
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt03702
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03702
IRS990/NetUnrelatedBusTxblIncmAmt05
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt033277
IRS990/OfficeExpensesGrp/TotalAmt029589
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt032303
IRS990/OtherExpensesGrp/Desc0AWARDS DINNER EXPENSES
IRS990/OtherExpensesGrp/Desc1INFORMATION SERVICES
IRS990/OtherExpensesGrp/Desc2MEALS & ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc3SEMINARS
IRS990/OtherExpensesGrp/TotalAmt099559
IRS990/OtherExpensesGrp/TotalAmt118673
IRS990/OtherExpensesGrp/TotalAmt217848
IRS990/OtherExpensesGrp/TotalAmt315697
IRS990/OtherRevenueMiscGrp/BusinessCd0711300
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01676
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01676
IRS990/OtherRevenueTotalAmt01676
IRS990/OtherSalariesAndWagesGrp/TotalAmt0292803
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt037990
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt010224
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04837
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01600
IRS990/PrincipalOfficerNm0DANIEL J METZGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/BusinessCd2711300
IRS990/ProgramServiceRevenueGrp/BusinessCd3541800
IRS990/ProgramServiceRevenueGrp/BusinessCd4541800
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1SEMINARS
IRS990/ProgramServiceRevenueGrp/Desc2AWARDS BANQUET
IRS990/ProgramServiceRevenueGrp/Desc3MEMBERSHIP DIRECTORY
IRS990/ProgramServiceRevenueGrp/Desc4JOINT MARKETING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0436432
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1270367
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2127809
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt36950
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0436432
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1270367
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2127809
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt317247
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt46950
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt017247
IRS990/ProgSrvcAccomActy2Grp/Desc0SEMINARS AND CLINICS ARE PROVIDED THAT FOCUS ON RACING AND BREEDING ASPECTS OF THOROUGHBRED OWNERSHIP.
IRS990/ProgSrvcAccomActy3Grp/Desc0AWARDS DINNER IS CONDUCTED EVERY YEAR TO RECOGNIZE THE TOP OWNER AND BREEDER OF EACH STATE AND THE TOP OWNER AND BREEDER IN THE COUNTRY.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0200000
IRS990/PYGrantsAndSimilarPaidAmt02150
IRS990/PYInvestmentIncomeAmt027434
IRS990/PYOtherExpensesAmt0428117
IRS990/PYOtherRevenueAmt01149
IRS990/PYProgramServiceRevenueAmt0872920
IRS990/PYRevenuesLessExpensesAmt085233
IRS990/PYSalariesCompEmpBnftPaidAmt0586003
IRS990/PYTotalExpensesAmt01016270
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01101503
IRS990/ReconcilationRevenueExpnssAmt02279464
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt02302
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt02302
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0574882
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02854346
IRS990/ScheduleBRequiredInd01

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,865,686
Liabilities
$11,340
Net assets
$2,854,346
Revenue
$3,348,916
Expenses
$1,069,452
Net income
$2,279,464
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.19$0.09$4.10$1.01$1.09$0.08
2023Summary only. Only limited summary data is available for this year.$3.88$0.02$3.86$1.11$0.91$0.21
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$0.03$3.34$0.99$0.92$0.08
2021Summary only. Only limited summary data is available for this year.$3.84$0.01$3.83$1.42$1.17$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.12$0.01$3.11$0.76$0.74$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.02$0.08$2.94$0.95$1.00$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.78$0.02$2.75$0.96$1.06$0.10
2017Detailed filing. Detailed filing data is available for this year.$2.87$0.01$2.85$3.35$1.07$2.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.03$0.57$1.10$1.02$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.02$0.49$1.07$0.96$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.43$0.05$0.38$1.05$0.90$0.15
2013Detailed filing. Detailed filing data is available for this year.$0.28$0.05$0.23$0.92$0.86$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.02$0.18$0.88
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.04$0.15$0.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.04$0.20$1.27