Overview
What is Kentucky Thoroughbred Association Inc?
Kentucky Thoroughbred Association Inc, located in Lexington, Kentucky, is a nonprofit organization dedicated to supporting and promoting the thoroughbred horse industry. With a team of four employees, their mission is to foster and advertise this industry within the Commonwealth of Kentucky. They engage in cooperative efforts with race tracks, trainers, and owners, aiming to benefit the thoroughbred horse industry as a whole. The Association's activities are centered around encouraging unity and collaboration in this field.
Official website here: www.kta-ktob.com
Is Kentucky Thoroughbred Association Inc legitimate?
Kentucky Thoroughbred Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Kentucky Thoroughbred 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: $142,286
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,096
For more financial information, click here
Official website here: www.kta-ktob.com
What is the mission statement of Kentucky Thoroughbred Association Inc?
The Kentucky Thoroughbred Association Inc's mission is centered around advertising, fostering, and promoting the thoroughbred horse industry. In essence, they strive to elevate the profile of the thoroughbred horse sector, collaborating with various stakeholders such as racetracks, trainers, and owners to mutually benefit the industry. Their activities are geared towards encouraging cooperative efforts among these parties, ultimately contributing to the growth and success of the thoroughbred horse industry.
Official website here: www.kta-ktob.com
Who is the CEO of Kentucky Thoroughbred Association Inc?
Chauncey Morris is the President of Kentucky Thoroughbred Association Inc.
Official website here: www.kta-ktob.com
What is the revenue of Kentucky Thoroughbred Association Inc?
Kentucky Thoroughbred Association Inc's revenue in 2023 was $758,534.
Official website here: www.kta-ktob.com
Who are the executives of Kentucky Thoroughbred Association Inc and what are their salaries?
The average compensation at Kentucky Thoroughbred Association Inc during 2023 was $57,596. There are 4 employees and 34 volunteers at Kentucky Thoroughbred Association Inc.
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- Compensation: $119,928
- Related: $117,318
- Other: $38,795
Official website here: www.kta-ktob.com
Where can I find the form 990 for Kentucky Thoroughbred Association Inc?
Kentucky Thoroughbred Association 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 Association Inc
Kentucky Thoroughbred Association Inc, a notable organization, is dedicated to advertising, fostering, and promoting the thoroughbred horse industry. Their mission extends beyond mere promotion; they actively seek to assist, encourage, and establish cooperative efforts among racetracks, trainers, and owners, all with the aim of benefiting the thoroughbred horse industry as a whole. By fostering collaboration among key industry players, Kentucky Thoroughbred Association Inc strives to bolster the robustness and growth of the thoroughbred horse industry in a collective manner.
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Impact
October, 2024
Kentucky Thoroughbred Association Inc plays a crucial role in the development and promotion of the Thoroughbred horse industry in Kentucky. By fostering cooperative efforts among racetracks, trainers, and owners, it enhances collaboration that benefits all stakeholders in the industry. This unified approach not only promotes the racing community but also bolsters economic growth in the region.
Through various marketing and promotional activities, the Association helps to raise the profile of Kentucky as a premier destination for horse racing and breeding. This not only attracts tourism but also supports local businesses related to the equine industry, contributing to community improvement. Furthermore, by advocating for the interests of Thoroughbred breeders and owners, it ensures that Kentucky remains a key player in the national horse racing scene, preserving its rich equine heritage and sustaining its economic impact.
Overall, the Kentucky Thoroughbred Association Inc's commitment to advancing the Thoroughbred industry fosters a vibrant community, enhances economic development, and solidifies Kentucky's status as a leader in horse racing.
This information is meant to be a general summary of Kentucky Thoroughbred 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $10,080
- Program Service Revenue: $748,454
- Gross Receipts: $758,752
Assets and Liabilities:
- Total Assets: $920,969
- Total Liabilities: $98,032
- Net Assets: $822,937
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PURSE INCOME
Revenue
$610,701
DERBY TRAINERS EVENT
Revenue
$105,513
MEMBERSHIP DUES
Revenue
$32,240
Organization Details
Founding Year
1983
Phone
(859) 381-1414Principal Officer
Chauncey Morris
Main Address
4079 IRON WORKS PARKWAY, LEXINGTON, KY, 40511
Website
www.kta-ktob.comNTEE Category
Code: S01 - Community improvement
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