Nonprofit · EIN 35-2171379
KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC
Tax-exempt · LEXINGTON, KY 40511
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $670,579 | $6,944 | $663,635 | $719,622 | $0 | $719,622 |
| June 30, 2024 | 990 | $14,209 | $7,150 | $7,059 | $647,729 | $0 | $647,729 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $670,501
- Net gain from sales of assets
- $654,998
- Other revenue
- $78
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $6,944
Balance sheet and other
- Total assets, start of year
- $647,729
- Total assets, end of year
- $719,622
- Total liabilities, end of year
- $0
- Net assets, end of year
- $719,622
- Publicly traded securities
- $405,209
- Net assets without donor restrictions
- $719,622
- Gross receipts
- $864,044
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2002
- State of legal domicile
- KY
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHAUNCEY MORRIS | EXECUTIVE DIRECTOR Officer | 1 | $0 | $256,507 | $43,562 |
| CHRISTOPHER BAKER | PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| WALKER HANCOCK | VICE PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| BILL DAUGHERTY | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| DERMOT RYAN | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| J STEPHEN HORN | ASSISTANT TREASURER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHAUNCEY MORRIS | EXECUTIVE DIRECTOR Officer | 1 | $0 | $257,980 | $40,614 |
| CHRISTOPHER BAKER | PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| WALKER HANCOCK | VICE PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| BILL DAUGHERTY | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| DERMOT RYAN | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| J STEPHEN HORN | ASSISTANT TREASURER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4079 IRON WORKS PARKWAY, LEXINGTON, KY 40511-8512
- In care of
- % DAVID SWITZER
- Principal officer (990 for 2024)
- CHAUNCEY MORRIS, 4079 IRON WORKS PARKWAY, LEXINGTON, KY 405118483
- Signed the 990
- CHAUNCEY MORRIS, EXECUTIVE DIRECTOR
- Phone
- (859) 259-1643
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION, INC. (KTOB FOUNDATION) SUPPORTS AND FUNDS EQUINE RESEARCH, IN PARTICULAR RESEARCH TO STUDY AND FIND A PREVENTION OR CURE TO THE CONDITION IN HORSES COMMONLY KNOWN AS MARE REPRODUCTIVE LOSS SYNDROME AND OTHER HORSE RELATED ILLNESSES WHICH HAVE PLAGUED KENTUCKY HORSE OWNERS IN RECENT YEARS.
Program accomplishments
- KTOB FOUNDATION MAKES GRANTS TO QUALIFIED VETERINARIANS AND SCIENTISTS OR OTHER 501(C)(3) ORGANIZATIONS TO ENABLE SUCH PERSONS OR ORGANIZATIONS TO CONDUCT THE NECESSARY MEDICAL RESEARCH TO FIND A CURE OR PREVENTION OF MRLS AND OTHER ILLNESSES RELATED TO HORSES. THE RESULTS OF THESE SCIENTIFIC STUDIES WILL BE MADE AVAILABLE TO THE GENERAL PUBLIC.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-2171379
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Animal-related (D99)
- Assets (IRS master file)
- $719,622
- Income (IRS master file)
- $864,044
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $670,579 | $6,944 | $719,622 | XML |
| 990 | June 2024 | $14,209 | $7,150 | $647,729 | XML |
| 990 | June 2023 | $13,399 | $6,222 | $563,364 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 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 35-2171379).
Questions about KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC
- What is the EIN of KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC?
- The employer identification number (EIN) of KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC is 35-2171379.
- Is KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC 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 KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names CHAUNCEY MORRIS.
- Who are the officers and directors of KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $670,579, expenses of $6,944 and total assets of $719,622 at year end.
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