Nonprofit · EIN 61-1162231
KENTUCKY HORSEMANS BENEVOLENT AND PROTECTIVE ASSOCIATION INC
Tax-exempt · LOUISVILLE, KY 40214
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,868,232 | $1,310,138 | $1,558,094 | $5,496,539 | $67,451 | $5,429,088 |
| December 31, 2023 | 990 | $2,216,649 | $1,145,272 | $1,071,377 | $3,795,613 | $21,820 | $3,773,793 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,730,867
- Investment income
- $137,325
- Net gain from sales of assets
- $92,528
- Other revenue
- $40
Expenses
- Grants and similar amounts paid
- $28,014
- Compensation of officers, directors and key employees
- $182,436
- Other salaries and wages
- $326,073
- Salaries, compensation and benefits (total)
- $546,135
- Professional fundraising fees
- $0
- Legal fees
- $31,931
- Accounting fees
- $24,511
- Travel
- $30,942
- Depreciation
- $23,151
Balance sheet and other
- Total assets, start of year
- $3,795,613
- Total assets, end of year
- $5,496,539
- Total liabilities, end of year
- $67,451
- Net assets, end of year
- $5,429,088
- Land, buildings and equipment
- $257,837
- Publicly traded securities
- $4,447,551
- Net assets without donor restrictions
- $5,429,088
- Gross receipts
- $4,253,146
- Employees
- 11
- Volunteers
- 15
- Year formed
- 1989
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALEX FOLEY | EXECUTIVE DIRECTOR Officer | 45 | $133,750 |
| RICK HILES | DIRECTOR Trustee or director | 8 | $48,686 |
| DALE ROMANS | PRESIDENT Trustee or director, Officer | 3 | $0 |
| MICHAEL BRUDER | DIRECTOR (PREVIOUS) Trustee or director | 3 | $0 |
| MARK BACON | DIRECTOR Trustee or director | 3 | $0 |
| JOHN HANCOCK | 2ND VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| JIM WILLIAMS | DIRECTOR (PREVIOUS) Trustee or director | 3 | $0 |
| TRAVIS FOLEY | 1ST VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| WILLIAM BUFF BRADLEY | DIRECTOR Trustee or director | 3 | $0 |
| NORMAN CASSE | DIRECTOR (PREVIOUS) Trustee or director | 3 | $0 |
| BENTLEY COMBS | DIRECTOR (PREVIOUS) Trustee or director | 3 | $0 |
| JASON BARKLEY | DIRECTOR (PREVIOUS) Trustee or director | 3 | $0 |
| JORDAN BLAIR | DIRECTOR Trustee or director | 3 | $0 |
| BRET CALHOUN | DIRECTOR Trustee or director | 3 | $0 |
| PHIL BAUER | DIRECTOR Trustee or director | 3 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CASEY KLEIN | DIRECTOR Trustee or director | 3 | $0 |
| HANS MARON | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICK HILES | PRESIDENT Trustee or director, Officer | 8 | $51,032 |
| ALEX FOLEY | EXECUTIVE DIRECTOR Officer | 45 | $12,861 |
| DALE ROMANS | DIRECTOR Trustee or director | 3 | $0 |
| MICHAEL J BRUDER | DIRECTOR Trustee or director | 3 | $0 |
| MARK C BACON | DIRECTOR Trustee or director | 3 | $0 |
| JOHN HANCOCK | DIRECTOR Trustee or director | 3 | $0 |
| JAMES WILLIAMS | DIRECTOR Trustee or director | 3 | $0 |
| TRAVIS FOLEY | DIRECTOR Trustee or director | 3 | $0 |
| WILLIAM BUFF BRADLEY | DIRECTOR Trustee or director | 3 | $0 |
| NORMAN CASSE | DIRECTOR Trustee or director | 3 | $0 |
| BENTLEY COMBS | DIRECTOR Trustee or director | 3 | $0 |
| JASON BARKLEY | DIRECTOR Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 3729 S 4TH ST, LOUISVILLE, KY 40214-1712
- Principal officer (990 for 2024)
- ALEX FOLEY, 3729 SOUTH FOURTH STREET, LOUISVILLE, KY 40214
- Signed the 990
- ALEX FOLEY, EXECUTIVE DIRECTOR
- Phone
- (502) 363-1077
- Website
- KYHBPA.ORG
- Return prepared by
- DEMING MALONE LIVESAY & OSTROFF PSC
Mission
PROMOTION OF THOROUGHBRED HORSERACING AND REPRESENTATION OF HORSEMEN'S INTERESTS AND PROPERTY RIGHTS IN DEALING WITH RACING ASSOCIATIONS.
Program accomplishments
- PROMOTION OF THOROUGHBRED HORSERACING AND REPRESENTATION OF HORSEMEN'S INTERESTS AND PROPERTY RIGHTS IN DEALING WITH RACING ASSOCIATIONS.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1162231
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,496,539
- Income (IRS master file)
- $4,253,146
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,868,232 | $1,310,138 | $5,496,539 | XML |
| 990 | December 2023 | $2,216,649 | $1,145,272 | $3,795,613 | XML |
| 990 | December 2022 | $1,994,416 | $1,331,976 | $2,650,674 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 61-1162231).
Questions about KENTUCKY HORSEMANS BENEVOLENT AND PROTECTIVE ASSOCIATION INC
- What is the EIN of KENTUCKY HORSEMANS BENEVOLENT AND PROTECTIVE ASSOCIATION INC?
- The employer identification number (EIN) of KENTUCKY HORSEMANS BENEVOLENT AND PROTECTIVE ASSOCIATION INC is 61-1162231.
- Is KENTUCKY HORSEMANS BENEVOLENT AND PROTECTIVE ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1992.
- Are donations to KENTUCKY HORSEMANS BENEVOLENT AND PROTECTIVE ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KENTUCKY HORSEMANS BENEVOLENT AND PROTECTIVE ASSOCIATION 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 HORSEMANS BENEVOLENT AND PROTECTIVE ASSOCIATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KENTUCKY HORSEMANS BENEVOLENT AND PROTECTIVE ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KENTUCKY HORSEMANS BENEVOLENT AND PROTECTIVE ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names ALEX FOLEY.
- Who are the officers and directors of KENTUCKY HORSEMANS BENEVOLENT AND PROTECTIVE ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 2 received compensation from the organization, the highest $133,750 (ALEX FOLEY, EXECUTIVE DIRECTOR).
- How much revenue does KENTUCKY HORSEMANS BENEVOLENT AND PROTECTIVE ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,868,232, expenses of $1,310,138 and total assets of $5,496,539 at year end.
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