Civic Intelligence

Kentucky Horsemen'S Benevolent And

EIN 61-1162231 • 501(c)6 • Louisville, KY

Profile

Promotion of thoroughbred horseracing and representation of horsemen's interests and property rights in dealing with racing associations.

3729 South Fourth StreetLouisville, KY 40214

kyhbpa.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

13th percentile

0.01x

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

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

13th percentile

0.02x

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

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

97th percentile

54%

Higher net margin than 97% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

18th percentile

$133,750

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

96th percentile

45%

Faster asset growth than 96% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

29%

Faster revenue growth than 89% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$5,496,539

Up $1,700,926 (+45%) from 2023

Liabilities

Up

$67,451

Up $45,631 (+209%) from 2023

Net Assets

Up

$5,429,088

Up $1,655,295 (+44%) from 2023

Operations
Liabilities / Revenue13th percentileNet Margin97th percentile

Revenue

Up

$2,868,232

Up $651,583 (+29%) from 2023

Expenses

Up

$1,310,138

Up $164,866 (+14%) from 2023

Net Income

Up

$1,558,094

Up $486,717 (+45%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth96th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $953,948Liabilities 2011: $301,892Net Assets 2011: $652,0562011Assets 2012: $675,302Liabilities 2012: $64,008Net Assets 2012: $611,2942012Assets 2013: $776,011Liabilities 2013: $95,161Net Assets 2013: $680,8502013Assets 2014: $747,101Liabilities 2014: $75,309Net Assets 2014: $671,7922014Assets 2015: $788,717Liabilities 2015: $91,225Net Assets 2015: $697,4922015Assets 2016: $864,126Liabilities 2016: $89,709Net Assets 2016: $774,4172016Assets 2017: $933,244Liabilities 2017: $59,322Net Assets 2017: $873,9222017Assets 2018: $948,980Liabilities 2018: $66,047Net Assets 2018: $882,9332018Assets 2019: $1,298,280Liabilities 2019: $72,664Net Assets 2019: $1,225,6162019Assets 2020: $1,574,828Liabilities 2020: $70,787Net Assets 2020: $1,504,0412020Assets 2021: $2,025,353Liabilities 2021: $50,051Net Assets 2021: $1,975,3022021Assets 2022: $2,650,674Liabilities 2022: $53,479Net Assets 2022: $2,597,1952022Assets 2023: $3,795,613Liabilities 2023: $21,820Net Assets 2023: $3,773,7932023Assets 2024: $5,496,539Liabilities 2024: $67,451Net Assets 2024: $5,429,0882024

Highlighted filing

2024

Assets$5,496,539
Liabilities$67,451
Net Assets$5,429,088
Open 2024 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $890,820Expenses 2011: $947,547Net Income 2011: -$56,7272011Revenue 2012: $895,957Expenses 2012: $923,999Net Income 2012: -$28,0422012Revenue 2013: $898,960Expenses 2013: $873,395Net Income 2013: $25,5652013Revenue 2014: $960,914Expenses 2014: $971,162Net Income 2014: -$10,2482014Revenue 2015: $966,965Expenses 2015: $925,598Net Income 2015: $41,3672015Revenue 2016: $1,002,254Expenses 2016: $946,610Net Income 2016: $55,6442016Revenue 2017: $1,011,908Expenses 2017: $968,554Net Income 2017: $43,3542017Revenue 2018: $1,104,684Expenses 2018: $1,067,254Net Income 2018: $37,4302018Revenue 2019: $1,403,145Expenses 2019: $1,118,676Net Income 2019: $284,4692019Revenue 2020: $1,359,309Expenses 2020: $1,079,167Net Income 2020: $280,1422020Revenue 2021: $1,522,291Expenses 2021: $1,104,161Net Income 2021: $418,1302021Revenue 2022: $1,994,416Expenses 2022: $1,331,976Net Income 2022: $662,4402022Revenue 2023: $2,216,649Expenses 2023: $1,145,272Net Income 2023: $1,071,3772023Revenue 2024: $2,868,232Expenses 2024: $1,310,138Net Income 2024: $1,558,0942024

Highlighted filing

2024

Revenue$2,868,232
Expenses$1,310,138
Net Income$1,558,094
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,496,539
Liabilities
$67,451
Net assets
$5,429,088
Revenue
$2,868,232
Expenses
$1,310,138
Net income
$1,558,094
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.50$0.07$5.43$2.87$1.31$1.56
2023Summary only. Only limited summary data is available for this year.$3.80$0.02$3.77$2.22$1.15$1.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$0.05$2.60$1.99$1.33$0.66
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.03$0.05$1.98$1.52$1.10$0.42
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$0.07$1.50$1.36$1.08$0.28
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.07$1.23$1.40$1.12$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.07$0.88$1.10$1.07$0.04
2017Summary only. Only limited summary data is available for this year.$0.93$0.06$0.87$1.01$0.97$0.04
2016Summary only. Only limited summary data is available for this year.$0.86$0.09$0.77$1.00$0.95$0.06
2015Summary only. Only limited summary data is available for this year.$0.79$0.09$0.70$0.97$0.93$0.04
2014Summary only. Only limited summary data is available for this year.$0.75$0.08$0.67$0.96$0.97$0.01
2013Summary only. Only limited summary data is available for this year.$0.78$0.10$0.68$0.90$0.87$0.03
2012Summary only. Only limited summary data is available for this year.$0.68$0.06$0.61$0.90$0.92$0.03
2011Summary only. Only limited summary data is available for this year.$0.95$0.30$0.65$0.89$0.95$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 14, 2025
Return Version
2024v5.2
Gross Receipts
$4,253,146
Mission and Program Overview

Mission

Promotion of thoroughbred horseracing and representation of horsemen's interests and property rights in dealing with racing associations.

Promotion of thoroughbred horse- racing and representation of all horsemen's interests (schedule o) and property rights in dealing with racing associations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,498,152$4,447,551▲ $1,949,399
Cash and Non-Interest-Bearing Accounts$281,196$486,607▲ $205,411
Accounts Receivable$801,128$280,818▼ $520,310
Land, Buildings, and Equipment, Net$212,887$257,837▲ $44,950
Prepaid Expenses and Deferred Charges$2,250$23,726▲ $21,476
Total Assets$3,795,613$5,496,539▲ $1,700,926
Liabilities
Accounts Payable and Accrued Expenses$21,820$67,451▲ $45,631
Total Liabilities$21,820$67,451▲ $45,631
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,773,793$5,429,088▲ $1,655,295
Total Net Assets Fund Balance$3,773,793$5,429,088▲ $1,655,295
Total Liabilities and Net Assets / Fund Balance$3,795,613$5,496,539▲ $1,700,926

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$180,678$96,569$277,247
Other Land Buildings$63,720$84,327$148,047
Equipment$13,439$33,755$47,194
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Alex FoleyExecutive DirectorFT$133,750$133,750
Rick HilesDirectorPT$48,686$48,686

Board Members and Trustees

NameTitle
Dale RomansPresident
Travis Foley1st Vice President
John Hancock2nd Vice President
Bret CalhounDirector
Casey KleinDirector
Hans MaronDirector
Jordan BlairDirector
Mark BaconDirector
Phil BauerDirector
William Buff BradleyDirector
Bentley CombsDirector (previous)
Jason BarkleyDirector (previous)
Jim WilliamsDirector (previous)
Michael BruderDirector (previous)
Norman CasseDirector (previous)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,730,867
Investment Income
$137,325
Other Revenue
$40
Change in Net Assets
$1,558,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$735,989
Salaries, Compensation, and Employee Benefits$546,135
Grants and Similar Amounts Paid$28,014
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$326,073
Current Officers, Directors, Trustees, and Key Employees---$182,436
Insurance---$93,160
Office Expenses---$75,413
Payments to Affiliates---$50,000
Payroll Taxes---$37,626
Fees for Services Legal---$31,931
Travel---$30,942
Grants to Domestic Orgs---$28,014
Fees for Services Accounting---$24,511
Depreciation Depletion---$23,151
Conferences and Meetings---$21,799
Fees for Service Investment Mgmnt Fees---$21,070
All Other Expenses---$15,943
Other Expenses---$13,000
Total Functional Expenses$0$0$0$1,310,138
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kentucky Race Track ChaplaincyLexington, KY501(c)(3)General Support$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
Subject to proxy tax
No
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The executive director, alex foley, and board of directors member, travis foley, are brothers.”

Form 990, Part VI, Section A, Line 6

“The organization consists of its members, the board of directors, and duly elected and appointed officers of the association. Eligible members may be active, inactive, signed, or honorary members as defined in the bylaws.”

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

“Elections are held every three years to elect a president and board of directors. Each member of the organization is allowed a vote to elect these positions.”

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

“The board of directors reviews the audited financial statements of the organization on which the federal form 990 is based. The board of directors relies on management to review and file the form 990 return.”

Form 990, Part VI, Section B, Line 15A

“The kentucky hbpa board sets salary levels for the executive director. The executive director in consultation with the board sets the salaries for all other employees.”

Form 990, Part VI, Section C, Line 19

“Tax return is available upon request made to the organization's office.”

Filing and Contact Details

Filer

Filer Name
KENTUCKY HORSEMEN'S BENEVOLENT AND
EIN
61-1162231
Phone
5023631077
Address
3729 SOUTH FOURTH STREET, LOUISVILLE, KY 40214

Signing Officer

Name
Alex Foley
Title
Executive Director
Phone
5023631077
Signed
2025-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alex Foley
Formed
1989
Legal Domicile
Ky
Voting Board Members
11
Independent Board Members
10
Employees
11
Volunteers
15

Preparer

Firm
Deming Malone Livesay & Ostroff Psc
Address
9300 SHELBYVILLE RD STE 1100, LOUISVILLE, KY 40222-5187
Preparer
Christine N Koenig
Phone
5024269660
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No changes from prior year in the committee that assumes responsibility for oversight of the audit and the selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“The association is exempt from federal, state, and local income taxes as a not-for-profit organization. The association is a business league as described under section 501(c)(6) of the internal revenue code. The organization files an informational tax return as required by federal regulations. However, income from certain activities not directly related to the organization's tax-exempt purpose may be subject to taxation as unrelated business income. As of december 31, 2024, the organization did not have any accrued interest or penalties related to income tax liabilities, and no interest or penalties have been charged to operations for the year then ended.”

Raw XML AppendixShowing 400 of 474 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/BOYAmt021820
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt067451
IRS990/AccountsReceivableGrp/BOYAmt0801128
IRS990/AccountsReceivableGrp/EOYAmt0280818
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROMOTION OF THOROUGHBRED HORSE- RACING AND REPRESENTATION OF ALL HORSEMEN'S INTERESTS (SCHEDULE O) AND PROPERTY RIGHTS IN DEALING WITH RACING ASSOCIATIONS.
IRS990/AllOtherExpensesGrp/TotalAmt015943
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ALEX FOLEY
IRS990/BooksInCareOfDetail/PhoneNum05023631077
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03729 SOUTH FOURTH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0LOUISVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd040214
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0281196
IRS990/CashNonInterestBearingGrp/EOYAmt0486607
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0182436
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt021799
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt028014
IRS990/CYInvestmentIncomeAmt0137325
IRS990/CYOtherExpensesAmt0735989
IRS990/CYOtherRevenueAmt040
IRS990/CYProgramServiceRevenueAmt02730867
IRS990/CYRevenuesLessExpensesAmt01558094
IRS990/CYSalariesCompEmpBnftPaidAmt0546135
IRS990/CYTotalExpensesAmt01310138
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02868232
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt023151
IRS990/Desc0PROMOTION OF THOROUGHBRED HORSERACING AND REPRESENTATION OF HORSEMEN'S INTERESTS AND PROPERTY RIGHTS IN DEALING WITH RACING ASSOCIATIONS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt011
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt024511
IRS990/FeesForServicesLegalGrp/TotalAmt031931
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt021070
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
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IRS990/Form990PartVIISectionAGrp/PersonNm0RICK HILES
IRS990/Form990PartVIISectionAGrp/PersonNm1DALE ROMANS
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL BRUDER
IRS990/Form990PartVIISectionAGrp/PersonNm3MARK BACON
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN HANCOCK
IRS990/Form990PartVIISectionAGrp/PersonNm5JIM WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm6TRAVIS FOLEY
IRS990/Form990PartVIISectionAGrp/PersonNm7WILLIAM BUFF BRADLEY
IRS990/Form990PartVIISectionAGrp/PersonNm8NORMAN CASSE
IRS990/Form990PartVIISectionAGrp/PersonNm9BENTLEY COMBS
IRS990/Form990PartVIISectionAGrp/PersonNm10JASON BARKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm11JORDAN BLAIR
IRS990/Form990PartVIISectionAGrp/PersonNm12BRET CALHOUN
IRS990/Form990PartVIISectionAGrp/PersonNm13PHIL BAUER
IRS990/Form990PartVIISectionAGrp/PersonNm14CASEY KLEIN
IRS990/Form990PartVIISectionAGrp/PersonNm15HANS MARON
IRS990/Form990PartVIISectionAGrp/PersonNm16ALEX FOLEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt048686
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16133750
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/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR (PREVIOUS)
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt42ND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR (PREVIOUS)
IRS990/Form990PartVIISectionAGrp/TitleTxt61ST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR (PREVIOUS)
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR (PREVIOUS)
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR (PREVIOUS)
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt092528
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToDomesticOrgsGrp/TotalAmt028014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01477442
IRS990/GrossReceiptsAmt04253146
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/TotalAmt093160
IRS990/InvestmentIncomeGrp/ExclusionAmt044797
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt044797
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02498152
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04447551
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0214651
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0212887
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0257837
IRS990/LandBldgEquipCostOrOtherBssAmt0472488
IRS990/LegalDomicileStateCd0KY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01384914
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTION OF THOROUGHBRED HORSERACING AND REPRESENTATION OF HORSEMEN'S INTERESTS AND PROPERTY RIGHTS IN DEALING WITH RACING ASSOCIATIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03773793
IRS990/NetAssetsOrFundBalancesEOYAmt05429088
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt092528
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt092528
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt097201
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03773793
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05429088
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt075413
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BACKSIDE PROGRAMS
IRS990/OtherExpensesGrp/Desc1MAILINGS-NEWSLETTER
IRS990/OtherExpensesGrp/Desc2TRANSFER TO KHBPF, INC.
IRS990/OtherExpensesGrp/Desc3CHAPLAINCY PROGRAM
IRS990/OtherExpensesGrp/TotalAmt0227366
IRS990/OtherExpensesGrp/TotalAmt188211
IRS990/OtherExpensesGrp/TotalAmt219492
IRS990/OtherExpensesGrp/TotalAmt313000
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt040
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt040
IRS990/OtherRevenueTotalAmt040
IRS990/OtherSalariesAndWagesGrp/TotalAmt0326073
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt050000
IRS990/PayrollTaxesGrp/TotalAmt037626
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02250
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023726
IRS990/PrincipalOfficerNm0ALEX FOLEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711210
IRS990/ProgramServiceRevenueGrp/BusinessCd1711210
IRS990/ProgramServiceRevenueGrp/Desc0HORSEMEN'S PURSE
IRS990/ProgramServiceRevenueGrp/Desc1BACKSIDE PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02545656
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1185211
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02545656
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1185211
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt06875
IRS990/PYInvestmentIncomeAmt058434
IRS990/PYOtherExpensesAmt0642535
IRS990/PYOtherRevenueAmt09235
IRS990/PYProgramServiceRevenueAmt02148980
IRS990/PYRevenuesLessExpensesAmt01071377
IRS990/PYSalariesCompEmpBnftPaidAmt0495862
IRS990/PYTotalExpensesAmt01145272
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02216649
IRS990/ReconcilationRevenueExpnssAmt01558094
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0180678
IRS990ScheduleD/BuildingsGrp/DepreciationAmt096569
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0277247
IRS990ScheduleD/EquipmentGrp/BookValueAmt013439
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033755
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt047194
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt063720
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt084327
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0148047
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS EXEMPT FROM FEDERAL, STATE, AND LOCAL INCOME TAXES AS A NOT-FOR-PROFIT ORGANIZATION. THE ASSOCIATION IS A BUSINESS LEAGUE AS DESCRIBED UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION FILES AN INFORMATIONAL TAX RETURN AS REQUIRED BY FEDERAL REGULATIONS. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. AS OF DECEMBER 31, 2024, THE ORGANIZATION DID NOT HAVE ANY ACCRUED INTEREST OR PENALTIES RELATED TO INCOME TAX LIABILITIES, AND NO INTEREST OR PENALTIES HAVE BEEN CHARGED TO OPERATIONS FOR THE YEAR THEN ENDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0257837
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0KENTUCKY RACE TRACK CHAPLAINCY
IRS990ScheduleI/RecipientTable/RecipientEIN0311571797
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02365 HARRODSBURG RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LEXINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd040504
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT AWARDS REQUIRE PRIOR REVIEW AND APPROVAL BY MANAGEMENT TO VERIFY COMPLIANCE AND ALIGNMENT WITH ASSOCIATION POLICIES AND STATED PURPOSES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR, ALEX FOLEY, AND BOARD OF DIRECTORS MEMBER, TRAVIS FOLEY, ARE BROTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION CONSISTS OF ITS MEMBERS, THE BOARD OF DIRECTORS, AND DULY ELECTED AND APPOINTED OFFICERS OF THE ASSOCIATION. ELIGIBLE MEMBERS MAY BE ACTIVE, INACTIVE, SIGNED, OR HONORARY MEMBERS AS DEFINED IN THE BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ELECTIONS ARE HELD EVERY THREE YEARS TO ELECT A PRESIDENT AND BOARD OF DIRECTORS. EACH MEMBER OF THE ORGANIZATION IS ALLOWED A VOTE TO ELECT THESE POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS THE AUDITED FINANCIAL STATEMENTS OF THE ORGANIZATION ON WHICH THE FEDERAL FORM 990 IS BASED. THE BOARD OF DIRECTORS RELIES ON MANAGEMENT TO REVIEW AND FILE THE FORM 990 RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE KENTUCKY HBPA BOARD SETS SALARY LEVELS FOR THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR IN CONSULTATION WITH THE BOARD SETS THE SALARIES FOR ALL OTHER EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TAX RETURN IS AVAILABLE UPON REQUEST MADE TO THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO CHANGES FROM PRIOR YEAR IN THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0KENTUCKY HORSEMEN'S BENEVOLENT AND PROTECTIVE FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0611229725
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROMOTE SOCIAL WELFARE OF THE PEOPLE OF THE KENTUCKY HORSE RACING INDUSTRY.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03729 SOUTH FOURTH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LOUISVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd040214
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt019492
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0KENTUCKY HORSEMEN'S BENEVOLENT AND PROTECTIVE FOUNDATION INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00

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