Nonprofit · EIN 61-0590716
KENTUCKY THOROUGHBRED OWNERS AND BREEDERS INC
Tax-exempt · LEXINGTON, KY 40511
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,639,920 | $1,534,416 | $1,105,504 | $2,892,454 | $211,079 | $2,681,375 |
| June 30, 2024 | 990 | $1,275,853 | $1,200,645 | $75,208 | $2,710,393 | $59,852 | $2,650,541 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,350,732
- Investment income
- $1,299,333
- Net gain from sales of assets
- $1,251,966
- Other revenue
- -$10,145
Expenses
- Grants and similar amounts paid
- $394,350
- Compensation of officers, directors and key employees
- $150,563
- Other salaries and wages
- $151,534
- Salaries, compensation and benefits (total)
- $343,218
- Professional fundraising fees
- $0
- Accounting fees
- $28,924
- Occupancy
- $6,300
- Travel
- $115,579
- Depreciation
- $1,297
Balance sheet and other
- Total assets, start of year
- $2,710,393
- Total assets, end of year
- $2,892,454
- Total liabilities, end of year
- $211,079
- Net assets, end of year
- $2,681,375
- Land, buildings and equipment
- $3,891
- Publicly traded securities
- $1,049,747
- Net assets without donor restrictions
- $2,653,649
- Net assets with donor restrictions
- $27,726
- Gross receipts
- $2,838,970
- Employees
- 3
- Volunteers
- 37
- Year formed
- 1961
- 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 | 20 | $126,143 | $130,363 | $43,562 |
| BILL DAUGHERTY | PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| DR NATANYA NIEMAN | VICE PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| WALKER HANCOCK | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| DERMOT RYAN | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| J E STEPHEN HORN | ASSISTANT TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL BANAHAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CONRAD BANDOROFF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| D WHITWORTH BECKMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PRICE BELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CRAIG BROGDEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STUART E BROWN II DVM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KELSEY DANNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS DRURY JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FERGUS GALVIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
23 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROWLAND HANCOCK | DIRECTOR Trustee or director | 1 | $0 |
| AUSTIN LUTTRELL | DIRECTOR Trustee or director | 1 | $0 |
| PAUL J MCGEE | DIRECTOR Trustee or director | 1 | $0 |
| NEIL PESSIN | DIRECTOR Trustee or director | 1 | $0 |
| KIM SMITH | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL J SNYDER | DIRECTOR Trustee or director | 1 | $0 |
| JEFFERY D THORNBURY | DIRECTOR Trustee or director | 1 | $0 |
| NED TOFFEY | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER L BAKER | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| CLIFFORD BARRY | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| JAMES G BELL | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| DELL HANCOCK | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| NEIL A HOWARD | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| WILLIAM LS LANDERS III | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| BRAXTON LYNCH | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| POPE MCLEAN JR | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| GARRETT O'ROURKE | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| FRANK PENN | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| R ALEX RANKIN | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| DON M ROBINSON | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| FREDERICK J SEITZ | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| JOSEPH SEITZ | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| R ERIC WALDMAN | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 35 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHAUNCEY MORRIS | EXECUTIVE DIRECTOR Officer | 20 | $126,990 | $130,990 | $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 |
| JAMES E BAKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL BANAHAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CRAIG BANDOROFF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PRICE BELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STUART E BROWN II DVM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PATRICK COSTELLO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS DRURY JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FERGUS GALVIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANNE ARCHER HINKLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAUL J MCGEE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NEIL PESSIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| T WAYNE SWEEZEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEFFERY D THORNBURY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NED TOFFEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CLIFFORD BARRY | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
| JAMES BELL | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
| DARRELL BROWN | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
| WADDELL W HANCOCK II | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
| NEIL HOWARD | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM LS LANDERS III | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
| GARRETT O'ROURKE | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
| FRANK PENN JR | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
| R ALEX RANKIN | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
| DON M ROBINSON | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
| FREDERICK J SEITZ | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
| R ERIC WALDMAN | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH SEITZ | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
| BRAXTON LYNCH | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4079 IRON WORKS PARKWAY, LEXINGTON, KY 40511-8512
- Principal officer (990 for 2024)
- CHAUNCEY MORRIS, 4079 IRON WORKS PARKWAY, LEXINGTON, KY 40511
- Signed the 990
- CHAUNCEY MORRIS, EXECUTIVE DIRECTOR
- Phone
- (859) 381-1414
- Website
- WWW.KTA-KTOB.COM
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
TO ADVERTISE, FOSTER AND PROMOTE THE THOROUGHBRED HORSE INDUSTRY IN THE COMMONWEALTH OF KENTUCKY
Program accomplishments
- PROMOTE AND FOSTER THE THOROUGHBRED HORSE INDUSTRY THROUGH ADVERTISEMENT AND AWARENESS ACTIVITIES, SUCH AS VARIOUS TRAINERS AND AWARDS DINNERS, TO HIGHLIGHT THE INDUSTRY ACCOMPLISHMENTS AND PRESENCE IN THE COMMONWEALTH OF KENTUCKY.
- PROVIDE MONETARY CONTRIBUTIONS TO THOROUGHBRED PROGRAMS IN ORDER TO PROMOTE AND FOSTER THE THOROUGHBRED INDUSTRY IN THE COMMONWEALTH OF KENTUCKY.
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
- 61-0590716
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1967
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,892,454
- Income (IRS master file)
- $2,838,970
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,639,920 | $1,534,416 | $2,892,454 | IRS |
| 990 | June 2024 | $1,275,853 | $1,200,645 | $2,710,393 | XML |
| 990 | June 2023 | $1,200,075 | $1,307,983 | $2,547,501 | 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 61-0590716).
Questions about KENTUCKY THOROUGHBRED OWNERS AND BREEDERS INC
- What is the EIN of KENTUCKY THOROUGHBRED OWNERS AND BREEDERS INC?
- The employer identification number (EIN) of KENTUCKY THOROUGHBRED OWNERS AND BREEDERS INC is 61-0590716.
- Is KENTUCKY THOROUGHBRED OWNERS AND BREEDERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1967.
- Are donations to KENTUCKY THOROUGHBRED OWNERS AND BREEDERS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KENTUCKY THOROUGHBRED OWNERS AND BREEDERS 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 AND BREEDERS 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 AND BREEDERS 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 AND BREEDERS INC?
- The 990 for the year ended June 30, 2025 names CHAUNCEY MORRIS.
- Who are the officers and directors of KENTUCKY THOROUGHBRED OWNERS AND BREEDERS INC?
- The 990 for the year ended June 30, 2025 lists 38 people; 1 received compensation from the organization, the highest $126,143 (CHAUNCEY MORRIS, EXECUTIVE DIRECTOR).
- How much revenue does KENTUCKY THOROUGHBRED OWNERS AND BREEDERS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,639,920, expenses of $1,534,416 and total assets of $2,892,454 at year end.
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