Nonprofit · EIN 13-3082904
BREEDERS CUP LIMITED
Tax-exempt · LEXINGTON, KY 40507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| January 31, 2025 | 990 | $51,462,177 | $57,952,209 | -$6,490,032 | $123,730,032 | $22,666,258 | $101,063,774 |
| January 31, 2024 | 990 | $48,087,353 | $51,247,098 | -$3,159,745 | $113,159,231 | $18,100,897 | $95,058,334 |
Financial details: 990 for the year ended January 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $49,259,915
- Investment income
- $1,873,762
- Royalties
- $1,000
- Net gain from sales of assets
- $1,207,289
- Other revenue
- $328,500
Expenses
- Grants and similar amounts paid
- $3,231
- Compensation of officers, directors and key employees
- $2,157,739
- Other salaries and wages
- $2,458,192
- Salaries, compensation and benefits (total)
- $5,484,921
- Professional fundraising fees
- $0
- Legal fees
- $297,134
- Accounting fees
- $117,568
- Occupancy
- $180,959
- Travel
- $597,897
- Depreciation
- $483,347
Balance sheet and other
- Total assets, start of year
- $113,159,231
- Total assets, end of year
- $123,730,032
- Total liabilities, end of year
- $22,666,258
- Net assets, end of year
- $101,063,774
- Land, buildings and equipment
- $837,225
- Publicly traded securities
- $73,274,851
- Net assets without donor restrictions
- $101,063,774
- Gross unrelated business income
- -$25,277
- Gross receipts
- $54,820,767
- Employees
- 43
- Volunteers
- 135
- Year formed
- 1980
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended January 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT DREW FLEMING | PRESIDENT & CEO Trustee or director, Officer | 40 | $767,483 | $24,574 |
| JOHN KEITT | EXECUTIVE VP & COO Officer | 40 | $479,326 | $43,041 |
| JUSTIN N MCDONALD | EXECUTIVE VP & CHIEF MARKETING OFFICER Officer | 40 | $278,917 | $46,361 |
| DORA J DELGADO | EXECUTIVE VP & CHIEF RACING OFFICER Officer | 40 | $285,310 | $38,730 |
| HEATHER HIGGINS | SR VP CORPORATE PARTNERSHIPS Highest-paid employee | 40 | $211,993 | $33,917 |
| MICHAEL TODD SPARKS | VP INFORMATION TECHNOLOGY & SOFTWARE SOLUTIONS Highest-paid employee | 40 | $181,249 | $39,549 |
| BRANDY HARMON | SR VP TICKETING & OPERATIONS Highest-paid employee | 40 | $183,192 | $31,838 |
| STEPHANIE PALMIERI | VP EVENTS Highest-paid employee | 40 | $169,691 | $20,900 |
| TIM SCHRAM | VP ADMINISTRATION, SIMULCASTING Highest-paid employee | 40 | $162,554 | $20,270 |
| CHAD SALTZMAN | VP, CONTROLLER Officer | 40 | $130,261 | $19,785 |
| MICHAEL NEWMAN | VP, CONTROLLER Officer | 40 | $40,566 | $3,385 |
| SARAH REEVES | CORPORATE SECRETARY Officer | 2 | $0 | $0 |
| BARBARA BANKE | CHAIRMAN Trustee or director | 2 | $0 | $0 |
| BRET JONES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| FRED W HERTRICH III | DIRECTOR Trustee or director | 2 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTONY BECK | DIRECTOR Trustee or director | 2 | $0 |
| WILLIAM S FARISH JR | DIRECTOR Trustee or director | 2 | $0 |
| ALEX SOLIS II | DIRECTOR Trustee or director | 2 | $0 |
| ELLIOTT WALDEN | DIRECTOR Trustee or director | 2 | $0 |
| ALAN COOPER | DIRECTOR Trustee or director | 2 | $0 |
| TOM RYAN | DIRECTOR Trustee or director | 2 | $0 |
| GRAY LYSTER | DIRECTOR Trustee or director | 2 | $0 |
| CLEM MURPHY | DIRECTOR Trustee or director | 2 | $0 |
| ERIC GUSTAVSON | DIRECTOR Trustee or director | 2 | $0 |
| WALKER HANCOCK | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended January 31, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT DREW FLEMING | PRESIDENT & CEO Trustee or director, Officer | 40 | $742,621 | $23,517 |
| JOHN KEITT | EXECUTIVE VP & COO Officer | 40 | $455,998 | $40,659 |
| DORA J DELGADO | EXECUTIVE VP & CHIEF RACING OFFICER Officer | 40 | $290,760 | $37,870 |
| JUSTIN N MCDONALD | EXECUTIVE VP & CMO Officer | 40 | $275,885 | $43,962 |
| HEATHER HIGGINS | SR VP CORPORATE PARTNERSHIPS Highest-paid employee | 40 | $210,729 | $32,480 |
| TODD SPARKS | VP INFORMATION TECHNOLOGY Highest-paid employee | 40 | $181,625 | $37,674 |
| BRANDY HARMON | SR VP TICKETING & VENUE OPERATIONS Highest-paid employee | 40 | $186,977 | $27,268 |
| STEPHANIE PALMIERI | VP BREEDERS' CUP EVENTS Highest-paid employee | 40 | $168,261 | $20,162 |
| TIM SCHRAM | VP ADMINISTRATION, SIMULCASTING Highest-paid employee | 40 | $164,896 | $19,793 |
| MICHAEL NEWMAN | VP, CONTROLLER Officer | 40 | $161,753 | $19,628 |
| BARBARA BANKE | CHAIRMAN Trustee or director | 2 | $0 | $0 |
| BRET JONES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| FRED W HERTRICH III | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANTONY BECK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM S FARISH JR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALEX SOLIS II | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELLIOTT WALDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALAN COOPER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JIMMY BELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GRAY LYSTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CLEM MURPHY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ERIC GUSTAVSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WALKER HANCOCK | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 215 W MAIN ST STE 250, LEXINGTON, KY 40507-1774
- Principal officer (990 for 2024)
- DREW FLEMING, 215 WEST MAIN STREET SUITE 250, LEXINGTON, KY 40507
- Signed the 990
- CHAD SALTZMAN, VICE PRESIDENT, FINANCE
- Phone
- (859) 422-2615
- Website
- WWW.BREEDERSCUP.COM
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
TO CONDUCT THE BREEDERS' CUP WORLD CHAMPIONSHIPS AT THE HIGHEST LEVELS OF QUALITY, SAFETY AND INTEGRITY AND TO PROMOTE THE GROWTH OF THOROUGHBRED BREEDING, RACING AND SALES THROUGH PROACTIVE LEADERSHIP, INNOVATION AND SERVICE.
Program accomplishments
- THROUGH BREEDERS' CUP CHAMPIONSHIPS, BREEDERS' CUP CHALLENGE SERIES AND NOMINATIONS PROGRAM, BREEDERS' CUP LIMITED PROMOTES THE THOROUGHBRED INDUSTRY BY ENHANCING PUBLIC AWARENESS OF THOROUGHBRED RACING AND THE INDUSTRY IN GENERAL. TRACK PROMOTION OF BREEDERS' CUP RACES, TELEVISION, RADIO AND INTERNET PROMOTIONS, NEWSFEEDS, PRESS CONFERENCE, PRESS RELEASES, THE KENTUCKY HORSE PARK EXHIBIT, AND OTHER PROMOTIONAL CAMPAIGNS ARE ALL USED TO INCREASE PUBLIC AWARENESS AND PROMOTE THE THOROUGHBRED INDUSTRY.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in January, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | January 31, 2026 | June 15, 2026 | Not on file |
| 2024 | January 31, 2025 | June 16, 2025 | 990 on file |
| 2023 | January 31, 2024 | June 17, 2024 | 990 on file |
IRS record
- EIN
- 13-3082904
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1982
- Accounting year ends
- January
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $123,730,032
- Income (IRS master file)
- $54,820,767
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | January 2025 | $51,462,177 | $57,952,209 | $123,730,032 | XML |
| 990 | January 2024 | $48,087,353 | $51,247,098 | $113,159,231 | XML |
| 990 | January 2023 | $51,010,416 | $50,197,979 | $111,786,548 | IRS |
| 990 | January 2022 | – | – | – | IRS |
| 990 | January 2021 | – | – | – | IRS |
| 990 | January 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3082904).
Questions about BREEDERS CUP LIMITED
- What is the EIN of BREEDERS CUP LIMITED?
- The employer identification number (EIN) of BREEDERS CUP LIMITED is 13-3082904.
- Is BREEDERS CUP LIMITED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1982.
- Are donations to BREEDERS CUP LIMITED tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BREEDERS CUP LIMITED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BREEDERS CUP LIMITED due?
- The return for tax year 2025 (the year ending January 31, 2026) is due June 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BREEDERS CUP LIMITED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended January 2025.
- Who is the principal officer of BREEDERS CUP LIMITED?
- The 990 for the year ended January 31, 2025 names DREW FLEMING.
- Who are the officers and directors of BREEDERS CUP LIMITED?
- The 990 for the year ended January 31, 2025 lists 25 people; 11 received compensation from the organization, the highest $767,483 (ROBERT DREW FLEMING, PRESIDENT & CEO).
- How much revenue does BREEDERS CUP LIMITED have?
- On its 990 for the year ended January 31, 2025 it reported revenue of $51,462,177, expenses of $57,952,209 and total assets of $123,730,032 at year end.
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