Civic Intelligence

Kentucky Thoroughbred Association Inc

990 • Fiscal year 2018 • EIN 61-1034871

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 06, 2018

Organization ProfileWWW.KTA-KTOB.COM

View Organization Page

4079 Iron Works ParkwayLexington, KY 40511

(859) 381-1414

Siviq Scores

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

Liabilities / Assets

78th percentile

0.43x

Higher debt load relative to assets than 78% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

1.11x

Higher debt load relative to revenue than 95% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

58th percentile

5.7%

Higher net margin than 58% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

77th percentile

$226,186

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 43.3% of source-year revenue.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

54th percentile

3.3%

Faster asset growth than 54% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

93rd percentile

35%

Faster revenue growth than 93% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$1,339,317

Up $43,338 (+3.3%) from 2017

Net Assets

Up

$759,644

Up $54,543 (+7.7%) from 2017

Liabilities

Down

$579,673

Down $11,205 (-1.9%) from 2017

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin58th percentile

Revenue

Up

$522,727

Up $135,124 (+35%) from 2017

Expenses

Up

$492,943

Up $159,741 (+48%) from 2017

Net Income

Down

$29,784

Down $24,617 (-45%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $975,502Liabilities 2011: $1,907Net Assets 2011: $973,5952011Assets 2012: $1,131,582Liabilities 2012: $2,125Net Assets 2012: $1,129,4572012Assets 2013: $1,206,122Liabilities 2013: $1,891Net Assets 2013: $1,204,2312013Assets 2014: $1,282,972Liabilities 2014: $736,273Net Assets 2014: $546,6992014Assets 2015: $1,251,173Liabilities 2015: $691,911Net Assets 2015: $559,2622015Assets 2016: $1,208,233Liabilities 2016: $590,398Net Assets 2016: $617,8352016Assets 2017: $1,295,979Liabilities 2017: $590,878Net Assets 2017: $705,1012017Assets 2018: $1,339,317Liabilities 2018: $579,673Net Assets 2018: $759,6442018Assets 2019: $1,263,000Liabilities 2019: $460,557Net Assets 2019: $802,4432019Assets 2020: $1,130,443Liabilities 2020: $415,356Net Assets 2020: $715,0872020Assets 2021: $1,193,221Liabilities 2021: $363,440Net Assets 2021: $829,7812021Assets 2022: $923,428Liabilities 2022: $188,734Net Assets 2022: $734,6942022Assets 2023: $920,969Liabilities 2023: $98,032Net Assets 2023: $822,9372023Assets 2024: $852,998Liabilities 2024: $11,288Net Assets 2024: $841,7102024Assets 2025: $897,478Liabilities 2025: $3,497Net Assets 2025: $893,9812025

Highlighted filing

2018

Assets$1,339,317
Liabilities$579,673
Net Assets$759,644
Open 2018 Filing

Operations Trend

Revenue Growth93rd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $256,4982011Expenses 2012: $280,5522012Revenue 2013: $339,636Expenses 2013: $332,970Net Income 2013: $6,6662013Revenue 2014: $392,801Expenses 2014: $421,097Net Income 2014: -$28,2962014Revenue 2015: $349,296Expenses 2015: $334,605Net Income 2015: $14,6912015Revenue 2016: $378,079Expenses 2016: $328,821Net Income 2016: $49,2582016Revenue 2017: $387,603Expenses 2017: $333,202Net Income 2017: $54,4012017Revenue 2018: $522,727Expenses 2018: $492,943Net Income 2018: $29,7842018Revenue 2019: $541,643Expenses 2019: $522,735Net Income 2019: $18,9082019Revenue 2020: $493,899Expenses 2020: $563,008Net Income 2020: -$69,1092020Revenue 2021: $677,107Expenses 2021: $690,991Net Income 2021: -$13,8842021Revenue 2022: $761,042Expenses 2022: $816,044Net Income 2022: -$55,0022022Revenue 2023: $758,534Expenses 2023: $714,593Net Income 2023: $43,9412023Revenue 2024: $842,249Expenses 2024: $860,243Net Income 2024: -$17,9942024Revenue 2025: $1,323,940Expenses 2025: $873,364Net Income 2025: $450,5762025

Highlighted filing

2018

Revenue$522,727
Expenses$492,943
Net Income$29,784
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 6, 2018
Return Version
2017v2.3
Gross Receipts
$522,906
Mission and Program Overview

Mission

To advertise, foster and promote the thoroughbred horse industry in the commonwealth of kentucky.

To advertise, foster and promote the thoroughbred horse industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$891,123$861,923▼ $29,200
Cash and Non-Interest-Bearing Accounts$396,711$470,741▲ $74,030
Land, Buildings, and Equipment, Net$8,145$6,653▼ $1,492
Total Assets$1,295,979$1,339,317▲ $43,338
Liabilities
Other Liabilities$580,584$572,681▼ $7,903
Accounts Payable and Accrued Expenses$10,294$6,992▼ $3,302
Total Liabilities$590,878$579,673▼ $11,205
Net Assets / Fund Balance
Unrestricted Net Assets$705,101$759,644▲ $54,543
Total Net Assets Fund Balance$705,101$759,644▲ $54,543
Total Liabilities and Net Assets / Fund Balance$1,295,979$1,339,317▲ $43,338

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,653$78,180$84,833
Other Securities$339,242--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chauncey MorrisExecutive DirectorPT$95,178$22,923$118,101

Board Members and Trustees

NameTitle
Pope Mclean JrPresident
Braxton LynchVice President
Anita CauleyDirector
Anne Archer HinkleDirector
Ben HagginDirector
Charles LoprestiDirector
Christopher BakerDirector
Craig BandoroffDirector
Darren FoxDirector
Hutton GoodmanDirector
James BakerDirector
Jason LittDirector
Jeffrey ThornburyDirector
John J Greely IvDirector
Joseph SeitzDirector
Matthew KochDirector
Patrick CostelloDirector
Paul McgeeDirector
Philip BauerDirector
Price BellDirector
Stuart Brown Ii DvmDirector
Walker HancockDirector
Walter Hillenmeyer IiiDirector
Jackie SmithAssistant Treasurer
Mark TaylorSecretary
Dermot RyanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$515,872
Investment Income
$6,855
Other Revenue
$0
Change in Net Assets
$29,784

Audited Revenue Reconciliation

Revenue per Audited Statements
$522,727
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$24,759
Total Revenue per Audited Statements
$547,486
Total Revenue per Form 990
$522,727
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$264,432
Salaries, Compensation, and Employee Benefits$227,004
Grants and Similar Amounts Paid$1,507
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$53,072$67,546-$120,618
Other Salaries and Wages$35,836$43,076-$78,912
Advertising$29,861--$29,861
Travel$11,474$11,024-$22,498
Office Expenses$9,591$9,215-$18,806
Other Employee Benefits$7,765$7,460-$15,225
Payroll Taxes$6,247$6,002-$12,249
Fees for Services Accounting-$9,610-$9,610
Fees for Services Legal-$7,037-$7,037
Occupancy$3,195$3,069-$6,264
Insurance$1,999$1,920-$3,919
Other Expenses$3,127$4,471-$3,127
Fees for Service Investment Mgmnt Fees-$2,911-$2,911
Information Technology$2,276--$2,276
All Other Expenses$104$1,500-$1,604
Grants to Domestic Orgs$1,507--$1,507
Depreciation Depletion$761$731-$1,492
Total Functional Expenses$317,371$175,572$0$492,943

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$492,943
Total Expenses per Audited Statements$492,943
Total Expenses per Form 990$492,943
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$4,089
Total Nondeductible Lobbying and Political Cost$-20,522
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation - Long-term$439,377
Deferred Compensation - Current$83,304
Due to Related Party$50,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Due to the nature of the industry, it is possible that certain directors could have business relationships with one another.”

Form 990, Part VI, Section A, Line 6

“Kta is comprised of member thoroughbred owners and breeders.”

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

“Kta is comprised of member thoroughbred owners and breeders who elect board members.”

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

“The executive director reviews, approves, and signs form 990. The organization makes form 990 available for inspection by the board upon request.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and financial statements are available upon request at the discretion of the board of directors and management. The organization does not have a conflict of interest policy.”

Form 990, Part VII

“The executive director splits his time between the organization and a related organization, kentucky thoroughbred owners and breeders. He spends approximately 20 hours a week on each organization.”

Filing and Contact Details

Filer

Filer Name
Kentucky Thoroughbred Association Inc
EIN
61-1034871
Phone
8593811414
Address
4079 IRON WORKS PARKWAY, LEXINGTON, KY 40511

Signing Officer

Name
Chauncey Morris
Title
Executive Director
Phone
8593811414
Signed
2018-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chauncey Morris
Formed
1983
Legal Domicile
Ky
Voting Board Members
26
Independent Board Members
26
Employees
4
Volunteers
26

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 XII, LINE 2C:

“The finance committee of the board of directors assumes responsibility for the oversight of the audit and the selection of the independent accountant. This process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 616 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt010294
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06992
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ADVERTISE, FOSTER AND PROMOTE THE THOROUGHBRED HORSE INDUSTRY.
IRS990/AdvertisingGrp/ProgramServicesAmt029861
IRS990/AdvertisingGrp/TotalAmt029861
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01500
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0104
IRS990/AllOtherExpensesGrp/TotalAmt01604
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum08593811414
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04079 IRON WORKS PARKWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0LEXINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd040511
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0396711
IRS990/CashNonInterestBearingGrp/EOYAmt0470741
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt067546
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt053072
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0120618
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt01507
IRS990/CYInvestmentIncomeAmt06855
IRS990/CYOtherExpensesAmt0264432
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0515872
IRS990/CYRevenuesLessExpensesAmt029784
IRS990/CYSalariesCompEmpBnftPaidAmt0227004
IRS990/CYTotalExpensesAmt0492943
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0522727
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0731
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0761
IRS990/DepreciationDepletionGrp/TotalAmt01492
IRS990/Desc0KTA PROMOTED THE THOROUGHBRED HORSE INDUSTRY AND, IN GENERAL, ASSISTED, PROMOTED, AND ENCOURAGED COOPERATIVE EFFORT AMONG RACETRACKS, TRAINERS, AND OWNERS FOR THE BENEFIT OF THE INDUSTRY.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt0317371
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09610
IRS990/FeesForServicesAccountingGrp/TotalAmt09610
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt07037
IRS990/FeesForServicesLegalGrp/TotalAmt07037
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt02911
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt02911
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt181.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt191.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt201.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt211.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt221.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt231.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt241.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt251.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2620.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd22X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd23X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd24X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd25X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2630071
IRS990/Form990PartVIISectionAGrp/PersonNm0CHRISTOPHER BAKER
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMES BAKER
IRS990/Form990PartVIISectionAGrp/PersonNm2CRAIG BANDOROFF
IRS990/Form990PartVIISectionAGrp/PersonNm3PHILIP BAUER
IRS990/Form990PartVIISectionAGrp/PersonNm4PRICE BELL
IRS990/Form990PartVIISectionAGrp/PersonNm5STUART BROWN II DVM
IRS990/Form990PartVIISectionAGrp/PersonNm6ANITA CAULEY
IRS990/Form990PartVIISectionAGrp/PersonNm7PATRICK COSTELLO
IRS990/Form990PartVIISectionAGrp/PersonNm8DARREN FOX
IRS990/Form990PartVIISectionAGrp/PersonNm9HUTTON GOODMAN
IRS990/Form990PartVIISectionAGrp/PersonNm10JOHN J GREELY IV
IRS990/Form990PartVIISectionAGrp/PersonNm11BEN HAGGIN
IRS990/Form990PartVIISectionAGrp/PersonNm12WALKER HANCOCK
IRS990/Form990PartVIISectionAGrp/PersonNm13WALTER HILLENMEYER III
IRS990/Form990PartVIISectionAGrp/PersonNm14ANNE ARCHER HINKLE
IRS990/Form990PartVIISectionAGrp/PersonNm15MATTHEW KOCH
IRS990/Form990PartVIISectionAGrp/PersonNm16JASON LITT
IRS990/Form990PartVIISectionAGrp/PersonNm17CHARLES LOPRESTI
IRS990/Form990PartVIISectionAGrp/PersonNm18BRAXTON LYNCH
IRS990/Form990PartVIISectionAGrp/PersonNm19PAUL MCGEE
IRS990/Form990PartVIISectionAGrp/PersonNm20POPE MCLEAN JR
IRS990/Form990PartVIISectionAGrp/PersonNm21DERMOT RYAN
IRS990/Form990PartVIISectionAGrp/PersonNm22JOSEPH SEITZ
IRS990/Form990PartVIISectionAGrp/PersonNm23MARK TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm24JEFFREY THORNBURY
IRS990/Form990PartVIISectionAGrp/PersonNm25JACKIE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm26CHAUNCEY MORRIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt26102678
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/ReportableCompFromRltdOrgAmt2693437
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt26EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-179
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt026
IRS990/GrantAmt01507
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01507
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01507
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0522906
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt026
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt02276
IRS990/InformationTechnologyGrp/TotalAmt02276
IRS990/InsuranceGrp/ManagementAndGeneralAmt01920
IRS990/InsuranceGrp/ProgramServicesAmt01999
IRS990/InsuranceGrp/TotalAmt03919
IRS990/InvestmentIncomeGrp/ExclusionAmt07034
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07034
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0891123
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0861923
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt078180
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08145
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06653
IRS990/LandBldgEquipCostOrOtherBssAmt084833
IRS990/LegalDomicileStateCd0KY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0179
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ADVERTISE, FOSTER AND PROMOTE THE THOROUGHBRED HORSE INDUSTRY IN THE COMMONWEALTH OF KENTUCKY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0705101
IRS990/NetAssetsOrFundBalancesEOYAmt0759644
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-179
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-179
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt024759
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03069
IRS990/OccupancyGrp/ProgramServicesAmt03195
IRS990/OccupancyGrp/TotalAmt06264
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09215
IRS990/OfficeExpensesGrp/ProgramServicesAmt09591
IRS990/OfficeExpensesGrp/TotalAmt018806
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07460
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07765
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015225
IRS990/OtherExpensesGrp/Desc0DERBY TRAINERS EXPENSE
IRS990/OtherExpensesGrp/Desc1BACKSIDE PROGRAMS
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3RACE TRACK CHAPLAINCY
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04471
IRS990/OtherExpensesGrp/ProgramServicesAmt0128224
IRS990/OtherExpensesGrp/ProgramServicesAmt117679
IRS990/OtherExpensesGrp/ProgramServicesAmt24653
IRS990/OtherExpensesGrp/ProgramServicesAmt33127
IRS990/OtherExpensesGrp/TotalAmt0128224
IRS990/OtherExpensesGrp/TotalAmt117679
IRS990/OtherExpensesGrp/TotalAmt29124
IRS990/OtherExpensesGrp/TotalAmt33127
IRS990/OtherLiabilitiesGrp/BOYAmt0580584
IRS990/OtherLiabilitiesGrp/EOYAmt0572681
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt043076
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt035836
IRS990/OtherSalariesAndWagesGrp/TotalAmt078912
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06002
IRS990/PayrollTaxesGrp/ProgramServicesAmt06247
IRS990/PayrollTaxesGrp/TotalAmt012249
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CHAUNCEY MORRIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711210
IRS990/ProgramServiceRevenueGrp/BusinessCd1711110
IRS990/ProgramServiceRevenueGrp/BusinessCd2711210
IRS990/ProgramServiceRevenueGrp/Desc0PURSE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1DERBY TRAINERS EVENT
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0364911
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1125651
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt225310
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0364911
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1125651
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225310
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt03833
IRS990/PYInvestmentIncomeAmt06774
IRS990/PYOtherExpensesAmt0114487
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0380829
IRS990/PYRevenuesLessExpensesAmt054401
IRS990/PYSalariesCompEmpBnftPaidAmt0214882
IRS990/PYTotalExpensesAmt0333202
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0387603
IRS990/ReconcilationRevenueExpnssAmt029784
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0515872
IRS990/ScheduleBRequiredInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,339,317
Liabilities
$579,673
Net assets
$759,644
Revenue
$522,727
Expenses
$492,943
Net income
$29,784
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.89$1.32$0.87$0.45
2024Detailed filing. Detailed filing data is available for this year.$0.85$0.01$0.84$0.84$0.86$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.92$0.10$0.82$0.76$0.71$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.92$0.19$0.73$0.76$0.82$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.19$0.36$0.83$0.68$0.69$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.13$0.42$0.72$0.49$0.56$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.26$0.46$0.80$0.54$0.52$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.34$0.58$0.76$0.52$0.49$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.30$0.59$0.71$0.39$0.33$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.21$0.59$0.62$0.38$0.33$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.25$0.69$0.56$0.35$0.33$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.28$0.74$0.55$0.39$0.42$0.03
2013Summary only. Only limited summary data is available for this year.$1.21$0.00$1.20$0.34$0.33$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.00$1.13$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.00$0.97$0.26