Thoroughbred Owners & Breeders Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 610663972 ✦ Lexington, KY ✦ Designated as a 501(c)(6)

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Overview

What is Thoroughbred Owners & Breeders Association Inc?

Thoroughbred Owners & Breeders Association Inc, situated in Lexington, Kentucky, is a nonprofit organization with a mission to advertise, promote, and foster the thoroughbred industry. They achieve this by publishing trade journals that provide information on stakes races, public auctions, and news related to the equine industry. Their registration services offer up-to-date statistical data on stallions, while their directories provide comprehensive listings of products and services specializing in the thoroughbred industry. With a workforce of 17 individuals, they strive to support and advance the thoroughbred industry.


Official website here: www.toba.org

Is Thoroughbred Owners & Breeders Association Inc legitimate?

Thoroughbred Owners & Breeders Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Thoroughbred Owners & Breeders Association 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: $298,153
Professional Fundraising Fees: $0
Other Salaries and Wages: $199,772

For more financial information, click here


Official website here: www.toba.org

What is the mission statement of Thoroughbred Owners & Breeders Association Inc?

The Thoroughbred Owners & Breeders Association Inc's mission is centered around promoting and fostering the thoroughbred industry. This is achieved through various means, including advertising and disseminating information. Their activities encompass publishing trade journals that provide updates on stakes races, public auctions, and news relevant to the equine industry. They also maintain registers that provide up-to-date statistical information on stallions. Furthermore, their directories serve as comprehensive listings of products and services specializing in the equine industry.


Official website here: www.toba.org

Who is the CEO of Thoroughbred Owners & Breeders Association Inc?

Daniel J Metzger is the Chairman of Thoroughbred Owners & Breeders Association Inc.


Official website here: www.toba.org

What is the revenue of Thoroughbred Owners & Breeders Association Inc?

Thoroughbred Owners & Breeders Association Inc's revenue in 2022 was $992,875.


Official website here: www.toba.org

Who are the executives of Thoroughbred Owners & Breeders Association Inc and what are their salaries?

The average compensation at Thoroughbred Owners & Breeders Association Inc during 2022 was $29,290. There are 17 employees and 29 volunteers at Thoroughbred Owners & Breeders Association Inc.


Here are 27 key members and their salaries:


Brant M Laue (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
David O'Farrell (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Cauthen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Garrett O'Rourke (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Bensel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon Bishop Arvin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Bloom (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Devlin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Edwards Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marette Farrell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terrence P Finley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marshall Gramm (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tanya Gunther (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walker Hancock (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Hronis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Loutsch (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bernard Mccormack (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlie O'Connor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Screnci (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Banke (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Brogden (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Cohen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Koch (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Braxton Lynch (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Francis Vanlangendonck (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel J Metzger (President)
  • Compensation: $277,644
  • Related: $0
  • Other: $20,509
Andrew Schweigardt (Senior Dir. Of Industry Relations)
  • Compensation: $118,601
  • Related: $0
  • Other: $15,077


Official website here: www.toba.org

Where can I find the form 990 for Thoroughbred Owners & Breeders Association Inc?

Thoroughbred Owners & Breeders Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.toba.org

Learn more at the official website: www.toba.org

Mission Statement of Thoroughbred Owners & Breeders Association Inc

Thoroughbred Owners & Breeders Association Inc is an organization dedicated to promoting and advancing the thoroughbred industry. Their mission is multifaceted, encompassing advertising, promotion, and fostering this specific equine sector. They achieve this by disseminating relevant information through trade journals, which cover topics such as stakes races, public auctions, and news related to the thoroughbred industry. Additionally, the association maintains registers that offer up-to-date statistical data on stallions. Furthermore, they provide directories listing products and services tailored to the equine industry, providing a comprehensive resource for stakeholders in the thoroughbred industry.

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Impact




October, 2024

The Thoroughbred Owners & Breeders Association Inc plays a vital role in promoting and supporting the Thoroughbred industry. By advertising and fostering interest in this sector, the organization ensures that stakeholders have access to critical information about stakes races, public auctions, and the latest news impacting the equine industry.

Through trade journals, they provide valuable insights and updates, which help owners and breeders make informed decisions. Their comprehensive registries offer up-to-date statistical information on stallions, while directories serve as essential resources, listing products and services tailored for those involved in the equine market.

By centralizing and disseminating this information, the Association not only assists individual owners and breeders but also contributes to the overall growth and sustainability of the Thoroughbred industry, encouraging new participants and enhancing its visibility in the recreational landscape. Located in Lexington, KY, the organization stands as a cornerstone for fostering connections and advancements within this specialized field.




This information is meant to be a general summary of Thoroughbred Owners & Breeders Association 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.

Revenue
$992,875 (2022)
Expenses
$915,591 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $98,018
  • Program Service Revenue: $842,864
  • Gross Receipts: $1,226,642

Assets and Liabilities:

  • Total Assets: $3,371,151
  • Total Liabilities: $29,203
  • Net Assets: $3,341,948

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$377,037

SEMINARS

Revenue

$336,257

AWARDS BANQUET

Revenue

$92,864

MEMBERSHIP DIRECTORY

Revenue

$21,847

JOINT MARKETING

Revenue

$14,600

Organization Details

Founding Year

1964

Principal Officer

Daniel J Metzger

Main Address

2365 HARRODSBURG ROAD A200, LEXINGTON, KY, 40504

NTEE Category

Code: N60 - Recreation

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