Nonprofit · EIN 81-2320648
CHURCHILL DOWNS RACING CLUB INC
Tax-exempt · LOUISVILLE, KY 40208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $27,238 | $52,569 | -$25,331 | $82,169 | $0 | $82,169 |
| December 31, 2023 | 990 | $95,927 | $146,757 | -$50,830 | $107,500 | $0 | $107,500 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,500
- Membership dues
- $12,500
- Program service revenue
- $14,738
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $7,921
Balance sheet and other
- Total assets, start of year
- $107,500
- Total assets, end of year
- $82,169
- Total liabilities, end of year
- $0
- Net assets, end of year
- $82,169
- Gross unrelated business income
- $14,738
- Gross receipts
- $27,238
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2016
- 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 |
|---|---|---|---|
| KEVIN FLANERY | DIRECTOR Trustee or director | 0 | $0 |
| MIKE ZIEGLER | DIRECTOR Trustee or director | 0 | $0 |
| GARY PALMISANO | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN FLANERY | DIRECTOR Trustee or director | 0 | $0 |
| MIKE ZIEGLER | DIRECTOR Trustee or director | 0 | $0 |
| GARY PALMISANO | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 700 CENTRAL AVE, LOUISVILLE, KY 40208-1212
- In care of
- % LEGAL DEPARTMENT
- Principal officer (990 for 2024)
- GARY PALMISANO, 700 CENTRAL AVE, LOUISVILLE, KY 40208
- Signed the 990
- GARY PALMISANO, DIRECTOR
- Phone
- (502) 638-3805
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
THE MEMBERS EACH YEAR WILL LEARN ABOUT THOROUGHBRED HORSE OWNERSHIP AND TRAINING TOGETHER BY PARTICIPATING IN THE PROCESS OF HORSE SELECTION, PURCHASE AND TRAINING. MEMBER MEETINGS, MEMBER GATHERINGS AND MEMBER EVENTS WILL BE HELD REGULARLY EACH YEAR (SEE SCH O) PROVIDING THE MEMBERS WITH AN OPPORTUNITY TO MINGLE WITH EACH OTHER AND ALSO WITH THE CLUB'S HORSE TRAINER.
Program accomplishments
- THE MEMBERS LEARN ABOUT THOROUGHBRED HORSE OWNERSHIP AND TRAINING TOGETHER BY PARTICIPATING IN THE PROCESS OF HORSE SELECTION, PURCHASE AND TRAINING.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 81-2320648
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $82,169
- Income (IRS master file)
- $27,238
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $27,238 | $52,569 | $82,169 | IRS |
| 990 | December 2023 | $95,927 | $146,757 | $107,500 | XML |
| 990 | December 2022 | $101,631 | $144,784 | $158,330 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 81-2320648).
Questions about CHURCHILL DOWNS RACING CLUB INC
- What is the EIN of CHURCHILL DOWNS RACING CLUB INC?
- The employer identification number (EIN) of CHURCHILL DOWNS RACING CLUB INC is 81-2320648.
- Is CHURCHILL DOWNS RACING CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2016.
- Are donations to CHURCHILL DOWNS RACING CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CHURCHILL DOWNS RACING CLUB INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CHURCHILL DOWNS RACING CLUB 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 CHURCHILL DOWNS RACING CLUB 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 CHURCHILL DOWNS RACING CLUB INC?
- The 990 for the year ended December 31, 2024 names GARY PALMISANO.
- Who are the officers and directors of CHURCHILL DOWNS RACING CLUB INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does CHURCHILL DOWNS RACING CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $27,238, expenses of $52,569 and total assets of $82,169 at year end.
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