Overview
What is Kentucky Thoroughbred Owners & Breeders Inc?
Kentucky Thoroughbred Owners & Breeders Inc is a nonprofit organization based in Lexington, Kentucky, with a team of two individuals. Their mission revolves around advertising, fostering, and promoting the thoroughbred horse industry within the Commonwealth of Kentucky. Through various activities and awareness campaigns, they highlight the industry's accomplishments and presence. These efforts encompass initiatives like trainers' awards dinners and other advertising events. The organization's primary objective is to generate support and recognition for the thoroughbred horse industry in their home state.
Official website here: www.kta-ktob.com
Is Kentucky Thoroughbred Owners & Breeders Inc legitimate?
Kentucky Thoroughbred Owners & Breeders Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Kentucky Thoroughbred Owners & Breeders Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $139,676
Professional Fundraising Fees: $0
Other Salaries and Wages: $170,524
For more financial information, click here
Official website here: www.kta-ktob.com
What is the mission statement of Kentucky Thoroughbred Owners & Breeders Inc?
Kentucky Thoroughbred Owners & Breeders Inc aims to advertise, foster, and promote the thoroughbred horse industry through various awareness activities. They highlight the industry's accomplishments and presence within the community by organizing trainers and awards dinners. The organization's mission is to boost the thoroughbred horse industry by increasing public recognition and appreciation. Through these efforts, they aim to foster a strong and thriving horse racing community.
Official website here: www.kta-ktob.com
Who is the CEO of Kentucky Thoroughbred Owners & Breeders Inc?
Chauncey Morris is the President of Kentucky Thoroughbred Owners & Breeders Inc.
Official website here: www.kta-ktob.com
What is the revenue of Kentucky Thoroughbred Owners & Breeders Inc?
Kentucky Thoroughbred Owners & Breeders Inc's revenue in 2023 was $1,200,075.
Official website here: www.kta-ktob.com
Who are the executives of Kentucky Thoroughbred Owners & Breeders Inc and what are their salaries?
The average compensation at Kentucky Thoroughbred Owners & Breeders Inc during 2023 was $155,100. There are 2 employees and 34 volunteers at Kentucky Thoroughbred Owners & Breeders Inc.
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- Compensation: $117,318
- Related: $119,928
- Other: $38,795
Official website here: www.kta-ktob.com
Where can I find the form 990 for Kentucky Thoroughbred Owners & Breeders Inc?
Kentucky Thoroughbred Owners & Breeders Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kta-ktob.com
Learn more at the official website: www.kta-ktob.com
Mission Statement of Kentucky Thoroughbred Owners & Breeders Inc
Kentucky Thoroughbred Owners & Breeders Inc, a significant organization, is dedicated to advertising, fostering, and promoting the thoroughbred horse industry in the Commonwealth of Kentucky. With a mission to highlight the accomplishments and presence of this industry within the region, the nonprofit engages in various advertising and awareness activities.
To fulfill this objective, Kentucky Thoroughbred Owners & Breeders Inc organizes numerous trainers and awards dinners. These events serve as platforms to recognize the achievements and contributions of individuals involved in the thoroughbred horse industry. By doing so, the organization fosters a sense of community and camaraderie among industry professionals.
In addition to these events, Kentucky Thoroughbred Owners & Breeders Inc focuses on increasing awareness and recognition of the thoroughbred horse industry in the Commonwealth of Kentucky. Through their efforts, they aim to showcase the industry's importance and significance in the region. The organization's commitment to promoting the thoroughbred horse industry not only benefits the industry itself but also contributes to the economic growth and development of Kentucky.
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Impact
October, 2024
Kentucky Thoroughbred Owners & Breeders Inc plays a critical role in enhancing the Thoroughbred horse industry in the Commonwealth of Kentucky. By actively promoting and fostering the Thoroughbred sector, the organization engages in various advertising and awareness initiatives that highlight the industry’s achievements and significance to the state.
Through events such as trainers’ gatherings and awards dinners, they create opportunities to spotlight the accomplishments within the Thoroughbred community, fostering a sense of pride and awareness among industry stakeholders and the public. This promotion not only supports the existing community of breeders, trainers, and owners but also attracts new interest and investment, ensuring the industry's ongoing vitality. By elevating the profile of Thoroughbreds and celebrating their contributions to Kentucky's heritage, Kentucky Thoroughbred Owners & Breeders Inc plays an essential role in maintaining the state's reputation as a leader in the Thoroughbred industry.
This information is meant to be a general summary of Kentucky Thoroughbred Owners & Breeders Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $52,203
- Program Service Revenue: $1,146,493
- Gross Receipts: $1,200,075
Assets and Liabilities:
- Total Assets: $2,547,501
- Total Liabilities: $142,122
- Net Assets: $2,405,379
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$788,825
INSURANCE COMM.
Revenue
$168,718
BUSINESS DEVELOPMENT I
Revenue
$95,730
PROMOTIONAL ALLOW.
Revenue
$50,000
MEMBERSHIP DUES
Revenue
$33,220
Organization Details
Founding Year
1961
Phone
(859) 381-1414Principal Officer
Chauncey Morris
Main Address
4079 IRON WORKS PARKWAY, LEXINGTON, KY, 40511
Website
www.kta-ktob.comNTEE Category
Code: D60 - Animals
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