Civic Intelligence

Kentucky Thoroughbred Association Inc

990 • Fiscal year 2021 • EIN 61-1034871

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 10, 2021

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

72nd percentile

0.30x

Higher debt load relative to assets than 72% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

0.54x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

18th percentile

-2.1%

Higher net margin than 18% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

83rd percentile

$259,260

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 38.3% of source-year revenue.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

33rd percentile

5.6%

Faster asset growth than 33% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

80th percentile

37%

Faster revenue growth than 80% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$1,193,221

Up $62,778 (+5.6%) from 2020

Net Assets

Up

$829,781

Up $114,694 (+16%) from 2020

Liabilities

Down

$363,440

Down $51,916 (-12%) from 2020

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin18th percentile

Revenue

Up

$677,107

Up $183,208 (+37%) from 2020

Expenses

Up

$690,991

Up $127,983 (+23%) from 2020

Net Income

Up

-$13,884

Up $55,225 (+80%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2021

Assets$1,193,221
Liabilities$363,440
Net Assets$829,781
Open 2021 Filing

Operations Trend

Revenue Growth80th 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

2021

Revenue$677,107
Expenses$690,991
Net Income-$13,884
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$677,359
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 in Publicly Traded Securities$709,802$624,327▼ $85,475
Cash and Non-Interest-Bearing Accounts$369,683$319,507▼ $50,176
Investments Other Securities$0$211,241▲ $211,241
Land, Buildings, and Equipment, Net$40,512$22,677▼ $17,835
Savings and Temporary Cash Investments$10,446$15,469▲ $5,023
Total Assets$1,130,443$1,193,221▲ $62,778
Liabilities
Other Liabilities$363,576$361,016▼ $2,560
Accounts Payable and Accrued Expenses$51,780$2,424▼ $49,356
Total Liabilities$415,356$363,440▼ $51,916
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$652,287$746,304▲ $94,017
Net Assets With Donor Restrictions$62,800$83,477▲ $20,677
Total Net Assets Fund Balance$715,087$829,781▲ $114,694
Total Liabilities and Net Assets / Fund Balance$1,130,443$1,193,221▲ $62,778

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,677$113,087$135,764
Other Securities$81,331--
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chauncey MorrisExecutive DirectorPT$108,261$22,347$130,608

Board Members and Trustees

NameTitle
L Pope Mclean JrPast President
Braxton LynchPresident
Joseph SeitzVice President
Anne Archer HinkleDirector
Ben HagginDirector
Callan StroussDirector
Charles LoprestiDirector
Christopher BakerDirector
Craig BandoroffDirector
Darren FoxDirector
Elizabeth CrowDirector
Hutton GoodmanDirector
James BakerDirector
Jeffrey ThornburyDirector
Natanya Nieman DvmDirector
Patrick CostelloDirector
Paul McgeeDirector
Philip BauerDirector
Price BellDirector
Reeve McgaugheyDirector
Stuart E Brown Ii DvmDirector
Walker HancockDirector
Walter Hillenmeyer IiiDirector
Wayne SweezeyDirector
Jackie SmithAssistant Treasurer
Mark TaylorSecretary
Dermot RyanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$668,805
Investment Income
$8,302
Other Revenue
$0
Change in Net Assets
$-13,884

Audited Revenue Reconciliation

Revenue per Audited Statements
$673,576
Revenue Not Reported on Financial Statements
$3,531
Revenue Not Reported on Form 990
$128,578
Total Revenue per Audited Statements
$802,154
Total Revenue per Form 990
$677,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$385,784
Salaries, Compensation, and Employee Benefits$245,419
Grants and Similar Amounts Paid$59,788
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$57,468$73,141-$130,609
Other Salaries and Wages$36,911$46,978-$83,889
Grants to Domestic Orgs$59,788--$59,788
Advertising$56,069--$56,069
Fees for Services Accounting-$21,992-$21,992
Office Expenses$10,109$9,713-$19,822
Other Employee Benefits$10,549$7,635-$18,184
Depreciation Depletion$9,096$8,739-$17,835
Payroll Taxes$6,496$6,241-$12,737
Fees for Services Legal-$11,720-$11,720
Travel$5,975$5,740-$11,715
Information Technology$7,540--$7,540
Occupancy$3,195$3,069-$6,264
Insurance$2,309$2,218-$4,527
Fees for Service Investment Mgmnt Fees-$3,531-$3,531
Other Expenses$2,100$3,024-$3,024
All Other Expenses-$420-$420
Total Functional Expenses$484,812$206,179$0$690,991

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$690,991
Expenses per Audited Statements$687,460
Total Expenses per Audited Statements$687,460
Expenses Not Reported on Financial Statements$3,531
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Backside Learning Center IncLouisville, KY501(c)(3)Covid 19 Relief for Backside Workers and Families$17,538
Horse Country IncLexington, KY501(c)(6)Program Support for Promotion of the Thoroughbred Horse Industry$17,500
Kentuckians for Strong LeadershipElizabethtown, KY527Support for Issues Related to the Thoroughbred Horse Industry$10,000
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$27,871
Total Nondeductible Lobbying and Political Cost$-58,210
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation - Long-term$269,440
Deferred Compensation - Current$91,576
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 1

“The organization has an executive committee who has the power to appoint a nominating committee.”

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 4

“The organization amended its bylaws on 8/26/2020. The changes made allow for the board to vote, attend meetings, and take other actions via electronic communication.”

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

Form 990, Part VI, Section B, Line 12

“The organization obtains conflict of interest disclosure statements from officers and directors annually. Board members are required to recuse themselves from the discussion and/or vote if a conflict arises.”

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
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chauncey Morris
Formed
1983
Legal Domicile
Ky
Voting Board Members
27
Independent Board Members
27
Employees
4
Volunteers
27

Preparer

Firm
Dean Dorton Allen Ford Pllc
Address
250 W MAIN STREET STE 1400, 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 693 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/BOYAmt051780
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02424
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ADVERTISE, FOSTER AND PROMOTE THE THOROUGHBRED HORSE INDUSTRY
IRS990/AdvertisingGrp/ProgramServicesAmt056069
IRS990/AdvertisingGrp/TotalAmt056069
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0420
IRS990/AllOtherExpensesGrp/TotalAmt0420
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/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0369683
IRS990/CashNonInterestBearingGrp/EOYAmt0319507
IRS990/ChangeToOrgDocumentsInd01
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt073141
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt057468
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0130609
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt059788
IRS990/CYInvestmentIncomeAmt08302
IRS990/CYOtherExpensesAmt0385784
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0668805
IRS990/CYRevenuesLessExpensesAmt0-13884
IRS990/CYSalariesCompEmpBnftPaidAmt0245419
IRS990/CYTotalExpensesAmt0690991
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0677107
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt08739
IRS990/DepreciationDepletionGrp/ProgramServicesAmt09096
IRS990/DepreciationDepletionGrp/TotalAmt017835
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/DonorRestrictionNetAssetsGrp/BOYAmt062800
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt083477
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt0484812
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt021992
IRS990/FeesForServicesAccountingGrp/TotalAmt021992
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt011720
IRS990/FeesForServicesLegalGrp/TotalAmt011720
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt03531
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt03531
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt181.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt191.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt201.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt211.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt221.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt231.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt241.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt251.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt261.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt271.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt020.00
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/AverageHoursPerWeekRt261.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt271.00
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/IndividualTrusteeOrDirectorInd26X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt036420
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/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/PersonNm0CHAUNCEY MORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm1BRAXTON LYNCH
IRS990/Form990PartVIISectionAGrp/PersonNm2L POPE MCLEAN JR
IRS990/Form990PartVIISectionAGrp/PersonNm3JOSEPH SEITZ
IRS990/Form990PartVIISectionAGrp/PersonNm4WALKER HANCOCK
IRS990/Form990PartVIISectionAGrp/PersonNm5MARK TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm6DERMOT RYAN
IRS990/Form990PartVIISectionAGrp/PersonNm7JACKIE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm8CHRISTOPHER BAKER
IRS990/Form990PartVIISectionAGrp/PersonNm9CRAIG BANDOROFF
IRS990/Form990PartVIISectionAGrp/PersonNm10PRICE BELL
IRS990/Form990PartVIISectionAGrp/PersonNm11STUART E BROWN II DVM
IRS990/Form990PartVIISectionAGrp/PersonNm12PATRICK COSTELLO
IRS990/Form990PartVIISectionAGrp/PersonNm13DARREN FOX
IRS990/Form990PartVIISectionAGrp/PersonNm14BEN HAGGIN
IRS990/Form990PartVIISectionAGrp/PersonNm15ANNE ARCHER HINKLE
IRS990/Form990PartVIISectionAGrp/PersonNm16NATANYA NIEMAN DVM
IRS990/Form990PartVIISectionAGrp/PersonNm17CALLAN STROUSS
IRS990/Form990PartVIISectionAGrp/PersonNm18WAYNE SWEEZEY
IRS990/Form990PartVIISectionAGrp/PersonNm19ELIZABETH CROW
IRS990/Form990PartVIISectionAGrp/PersonNm20HUTTON GOODMAN
IRS990/Form990PartVIISectionAGrp/PersonNm21WALTER HILLENMEYER III
IRS990/Form990PartVIISectionAGrp/PersonNm22CHARLES LOPRESTI
IRS990/Form990PartVIISectionAGrp/PersonNm23REEVE MCGAUGHEY
IRS990/Form990PartVIISectionAGrp/PersonNm24PAUL MCGEE
IRS990/Form990PartVIISectionAGrp/PersonNm25JEFFREY THORNBURY
IRS990/Form990PartVIISectionAGrp/PersonNm26JAMES BAKER
IRS990/Form990PartVIISectionAGrp/PersonNm27PHILIP BAUER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0112398
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/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0110442
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/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7ASSISTANT TREASURER
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/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-252
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GrantAmt059788
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt059788
IRS990/GrantsToDomesticOrgsGrp/TotalAmt059788
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0677359
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt027
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt07540
IRS990/InformationTechnologyGrp/TotalAmt07540
IRS990/InsuranceGrp/ManagementAndGeneralAmt02218
IRS990/InsuranceGrp/ProgramServicesAmt02309
IRS990/InsuranceGrp/TotalAmt04527
IRS990/InvestmentIncomeGrp/ExclusionAmt08554
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08554
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0211241
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0709802
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0624327
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0113087
IRS990/LandBldgEquipBasisNetGrp/BOYAmt040512
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022677
IRS990/LandBldgEquipCostOrOtherBssAmt0135764
IRS990/LegalDomicileStateCd0KY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0252
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/NetAssetsOrFundBalancesBOYAmt0715087
IRS990/NetAssetsOrFundBalancesEOYAmt0829781
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-252
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-252
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0128578
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0652287
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0746304
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03069
IRS990/OccupancyGrp/ProgramServicesAmt03195
IRS990/OccupancyGrp/TotalAmt06264
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09713
IRS990/OfficeExpensesGrp/ProgramServicesAmt010109
IRS990/OfficeExpensesGrp/TotalAmt019822
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07635
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010549
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018184
IRS990/OtherExpensesGrp/Desc0DERBY TRAINERS EXPENSE
IRS990/OtherExpensesGrp/Desc1LOCUST TRACE AGR SCIENC
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02018
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13024
IRS990/OtherExpensesGrp/ProgramServicesAmt0136884
IRS990/OtherExpensesGrp/ProgramServicesAmt180323
IRS990/OtherExpensesGrp/ProgramServicesAmt22100
IRS990/OtherExpensesGrp/TotalAmt0136884
IRS990/OtherExpensesGrp/TotalAmt180323
IRS990/OtherExpensesGrp/TotalAmt24118
IRS990/OtherExpensesGrp/TotalAmt33024
IRS990/OtherLiabilitiesGrp/BOYAmt0363576
IRS990/OtherLiabilitiesGrp/EOYAmt0361016
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt046978
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt036911
IRS990/OtherSalariesAndWagesGrp/TotalAmt083889
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06241

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,193,221
Liabilities
$363,440
Net assets
$829,781
Revenue
$677,107
Expenses
$690,991
Net income
-$13,884
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