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Churchill Downs Racing Club Inc

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

EIN: 812320648 ✦ Louisville, KY ✦ Designated as a 501(c)(7)

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Overview

What is Churchill Downs Racing Club Inc?

Churchill Downs Racing Club Inc is a nonprofit organization located in Louisville, Kentucky, with a passion for thoroughbred horse racing. Members of this club engage in the joyous experience of learning about horse ownership and training, actively participating in the processes of horse selection, purchase, and training. The club, established for leisure and enjoyment, hosts regular meetings, gatherings, and events, offering members the opportunity to interact with one another and the club's horse trainer. Membership in this club is supported by annual dues, reflecting their shared interest in thoroughbred horse racing and education.


Official website here: www.churchilldowns.com/racing-wagering/ra

Is Churchill Downs Racing Club Inc legitimate?

Churchill Downs Racing Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Churchill Downs Racing 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: $0

For more financial information, click here


Official website here: www.churchilldowns.com/racing-wagering/ra

What is the mission statement of Churchill Downs Racing Club Inc?

Churchill Downs Racing Club Inc serves as a social club for individuals with a passion for thoroughbred horse racing, ownership, and education. The members engage in learning about thoroughbred horse ownership and training collectively by participating in horse selection, purchase, and training processes. Regular meetings, gatherings, and events are organized for members to interact with each other and the club's horse trainer, fostering a sense of community within the club.


Official website here: www.churchilldowns.com/racing-wagering/ra

Who is the CEO of Churchill Downs Racing Club Inc?

Gary Palmisano is the Director of Churchill Downs Racing Club Inc.


Official website here: www.churchilldowns.com/racing-wagering/ra

What is the revenue of Churchill Downs Racing Club Inc?

Churchill Downs Racing Club Inc's revenue in 2022 was $101,631.


Official website here: www.churchilldowns.com/racing-wagering/ra

Who are the executives of Churchill Downs Racing Club Inc and what are their salaries?


Here are 3 key members and their salaries:


Kevin Flanery (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Ziegler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Palmisano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.churchilldowns.com/racing-wagering/ra

Where can I find the form 990 for Churchill Downs Racing Club Inc?

Churchill Downs Racing Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.churchilldowns.com/racing-wagering/ra

Learn more at the official website: www.churchilldowns.com/racing-wagering/ra

Mission Statement of Churchill Downs Racing Club Inc

Churchill Downs Racing Club, Inc. is a social organization that brings together individuals with a shared passion for thoroughbred horse racing, ownership, and education. The club's mission is to provide its members with a hands-on learning experience in thoroughbred horse ownership and training. Throughout the year, members participate in the process of horse selection, purchase, and training. Regular meetings, gatherings, and events are organized for members, offering them an opportunity to interact with each other and the club's horse trainer. These events serve as a platform for members to engage in discussions, share experiences, and build a sense of community around their shared interest.

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Impact




October, 2024

Churchill Downs Racing Club Inc creates a vibrant community for those passionate about thoroughbred horse racing. By fostering a shared interest in the sport, the club enhances members' understanding of horse ownership and training through hands-on experiences in horse selection, purchase, and training processes. Regular meetings and events provide opportunities for members to connect, share insights, and engage directly with industry professionals, including trainers. This collaborative environment not only educates members but also strengthens their appreciation for the intricacies of horse racing, ultimately enriching the local culture surrounding the sport in Louisville, KY.




This information is meant to be a general summary of Churchill Downs Racing 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.

Revenue
$101,631 (2022)
Expenses
$144,784 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $101,631
  • Gross Receipts: $101,631

Assets and Liabilities:

  • Total Assets: $158,330
  • Total Liabilities: $0
  • Net Assets: $158,330

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Programs

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

PURSE INCOME

Revenue

$101,631

Organization Details

Founding Year

2016

Principal Officer

Gary Palmisano

Main Address

700 CENTRAL AVENUE, LOUISVILLE, KY, 40208

NTEE Category

Code: N50 - Recreation

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