Overview
What is Kentucky Thoroughbred Farm Managers' Club Inc?
Kentucky Thoroughbred Farm Managers' Club Inc is a nonprofit organization situated in Lexington, Kentucky. Its primary purpose is to serve as a gathering place for local managers of thoroughbred horse farms, fostering cooperation and mutual understanding within the industry. The club hosts ten annual meetings, inviting speakers to discuss various industry-related topics, promoting professionalism and knowledge exchange. They also raise funds for local charities through a golf tournament for their members, contributing $101,000 in 2021. In addition to these activities, the club publishes a directory and files a 990-T, demonstrating its commitment to transparency and good governance. The club's mission emphasizes enhancing and protecting professional interests, promoting fellowship among members, and being responsible stewards of the land and thoroughbred industry, as well as good citizens of the community.
Official website here: www.ktfmc.org
Is Kentucky Thoroughbred Farm Managers' Club Inc legitimate?
Kentucky Thoroughbred Farm Managers' Club Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Kentucky Thoroughbred Farm Managers' Club 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,846
For more financial information, click here
Official website here: www.ktfmc.org
What is the mission statement of Kentucky Thoroughbred Farm Managers' Club Inc?
The Kentucky Thoroughbred Farm Managers' Club Inc's mission is centered around fostering cooperation and understanding among its members. The organization serves as a platform for discussing industry-relevant topics that contribute to enhancing and protecting the profession. It promotes fellowship among its members, emphasizing the importance of good stewardship towards the land and the thoroughbred industry. Furthermore, the Club demonstrates its commitment to the community by acting as good citizens, often contributing to local charities through events like a golf tournament. The Club also publishes a directory and adheres to relevant tax filings.
Official website here: www.ktfmc.org
Who is the CEO of Kentucky Thoroughbred Farm Managers' Club Inc?
Gerry Duffy is the Director of Kentucky Thoroughbred Farm Managers' Club Inc.
Official website here: www.ktfmc.org
What is the revenue of Kentucky Thoroughbred Farm Managers' Club Inc?
Kentucky Thoroughbred Farm Managers' Club Inc's revenue in 2022 was $212,737.
Official website here: www.ktfmc.org
Who are the executives of Kentucky Thoroughbred Farm Managers' Club Inc and what are their salaries?
The average compensation at Kentucky Thoroughbred Farm Managers' Club Inc during 2022 was $28,846. There is 1 employee at Kentucky Thoroughbred Farm Managers' Club Inc.
Here are 13 key members and their salaries:
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Official website here: www.ktfmc.org
Where can I find the form 990 for Kentucky Thoroughbred Farm Managers' Club Inc?
Kentucky Thoroughbred Farm Managers' Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ktfmc.org
Learn more at the official website: www.ktfmc.org
Mission Statement of Kentucky Thoroughbred Farm Managers' Club Inc
Kentucky Thoroughbred Farm Managers' Club Inc is committed to fostering cooperation and understanding among its members. The primary objective of this organization is to serve as a platform where local farm managers of thoroughbred horse farms can gather and discuss industry-related issues. This club, which holds ten meetings annually, invites speakers to share insights on various topics that impact the profession. By doing so, the Club strives to enhance and safeguard the professional interests of its members.
Moreover, Kentucky Thoroughbred Farm Managers' Club Inc is dedicated to promoting fellowship among its members. The Club understands the importance of community involvement and, as good citizens, it contributes to local charities. One of the ways it achieves this is by organizing a golf tournament for its members. In the past year, the Club was able to donate $101,000 to these charities. To further demonstrate its commitment to the community, the Club also publishes a directory and files a 990-T.
In summary, Kentucky Thoroughbred Farm Managers' Club Inc is a nonprofit organization that prioritizes cooperation, understanding, and fellowship among its members. It serves as a forum for discussing industry issues, safeguarding professional interests, and giving back to the community through charitable donations. The Club's actions reflect its role as a responsible and engaged member of society.
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Impact
October, 2024
Kentucky Thoroughbred Farm Managers' Club Inc creates significant impact by fostering a collaborative environment for local thoroughbred farm managers. Through ten annual meetings, the club facilitates discussions on critical industry issues, enhancing professionalism and promoting the exchange of valuable insights among members.
By inviting speakers on relevant topics, the club ensures that its members remain informed and engaged with current trends and challenges in the thoroughbred industry. This commitment to education and professional development strengthens the overall quality of management within the Kentucky thoroughbred community.
Additionally, the club demonstrates its commitment to community engagement by raising funds for local charities, contributing $101,000 to various causes. Through activities such as fundraising golf tournaments, the club not only supports valuable local initiatives but also promotes fellowship and camaraderie among its members.
In summary, the Kentucky Thoroughbred Farm Managers' Club Inc plays a vital role in enhancing professional standards in the thoroughbred industry, fostering cooperation among farm managers, and actively contributing to the well-being of the local community.
This information is meant to be a general summary of Kentucky Thoroughbred Farm Managers' Club 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 2022.
- Investment Income: $82
- Program Service Revenue: $106,810
- Gross Receipts: $312,328
Assets and Liabilities:
- Total Assets: $16,311
- Total Liabilities: $1,124
- Net Assets: $15,187
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FARM DIRECTORY ADVERTI
Revenue
$106,810
Organization Details
Founding Year
1948
Phone
(859) 948-7321Principal Officer
Gerry Duffy
Main Address
1005 RICHMOND ROAD, LEXINGTON, KY, 40502
Website
www.ktfmc.orgNTEE Category
Code: N03 - Recreation
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