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Nonprofiteer
← AMPLIFY HORSE RACING

Form 990 for tax year 2023

Filed by AMPLIFY HORSE RACING.

Totals

Total revenue
$192,754
Total expenses
$208,800
Contributions and grants received
$182,249
Grants paid
$0
Program service revenue
$0
Investment income
$10,505
Other revenue
$0
Total assets, end of year
$452,155
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$452,155
Program services expenses (Part IX)
$103,117
Management and general expenses
$105,683
Fundraising expenses
$0
Program service expenses (Part III)
$103,117

Program services were 49.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $182,249

  • 3 · Investment income

    total $10,505 · excluded $10,505

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $123,571 · program services $61,786 · management and general $61,785

  • 9 · Other employee benefits

    total $15,865 · management and general $15,865

  • 10 · Payroll taxes

    total $10,667 · management and general $10,667

  • 11g · Fees: other

    total $18,714 · program services $14,380 · management and general $4,334

  • 13 · Office expenses

    total $6,348 · management and general $6,348

  • 17 · Travel

    total $8,111 · program services $8,111

  • 23 · Insurance

    total $2,773 · management and general $2,773

  • 24a · Other expenses: VIRTUAL OUTREACH

    total $7,439 · program services $7,439

  • 24b · Other expenses: PROGRAM EVENTS

    total $5,825 · program services $5,825

  • 24c · Other expenses: MENTORSHIP PROGRAM

    total $4,347 · program services $4,347

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $2,924 · management and general $2,924

  • 24e · All other expenses

    total $2,216 · program services $1,229 · management and general $987

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $110,747 · end of year $289,891

  • 2 · Savings and temporary cash investments

    beginning of year $180,000 · end of year $159,302

  • 10a · Land, buildings and equipment: cost or other basis

    $3,949

  • 10b · Land, buildings and equipment: accumulated depreciation

    $987

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $2,962

  • 11 · Investments: publicly traded securities

    beginning of year $170,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,193

  • 27 · Net assets without donor restrictions

    beginning of year $458,554 · end of year $452,155

Mission and programs · 2023

Mission

AMPLIFY HORSE RACING AMPLIFIES THOROUGHBRED INDUSTRY EDUCATION, MENTORSHIP, AND CAREER OPPORTUNITIES WITH HORSE PROGRAMS FOR YOUTH AND YOUNG ADULTS. WE CREATE PATHWAYS TO INVOLVEMENT FOR NEWCOMERS, HIGHLIGHT EXISTING INITIATIVES, AND CREATE NEW RESOURCES TO LEAD THE THOROUGHBRED INDUSTRY INTO THE FUTURE. HORSE RACING MIGHT BE CALLED "THE SPORT OF KINGS," BUT IT'S A SPORT FOR EVERYONE!

  • MENTORSHIP PROGRAM - THE AMPLIFY HORSE RACING MENTORSHIP PROGRAM FORMALIZES THE PROCESS OF PAIRING YOUTH AND YOUNG ADULTS INTERESTED IN PURSUING A THOROUGHBRED INDUSTRY CAREER (MENTEES) WITH EXPERIENCED INDUSTRY PROFESSIONALS WHO CAN OFFER GUIDANCE (MENTORS). THE PROGRAM IS DESIGNED TO PROVIDE A FIRST STEP FOR YOUNG PEOPLE TO LEARN MORE ABOUT THE THOROUGHBRED HORSE INDUSTRY AND LEARN HOW TO GET MORE INVOLVED. PAIRINGS ARE DESIGNED TO ENCOURAGE MENTEES TO LEARN ABOUT THE THOROUGHBRED HORSE INDUSTRY AND DEVELOP AN UNDERSTANDING OF ITS NUANCES; TEACH IMPORTANT SKILLS NEEDED TO PURSUE A JOB OR CAREER, AND FACILITATE MEANINGFUL CONVERSATIONS BETWEEN EXPERIENCED PROFESSIONALS AND YOUNG PEOPLE ABOUT THE REALITIES OF EMPLOYMENT IN THE THOROUGHBRED HORSE INDUSTRY. THE PROGRAM ALSO OFFERS AN END OF YEAR TRAVEL AWARD OPPORTUNITY TO OUTSTANDING MENTEES WHO COMPLETE THE ENTIRETY OF THE PROGRAM, ALONG WITH A NETWORKING EVENT IN LEXINGTON, KENTUCKY.

    Expenses $18,922

  • VIRTUAL OUTREACH - AMPLIFY HORSE RACING'S VIRTUAL OUTREACH IS AN IMPORTANT PART OF MAKING THE THOROUGHBRED INDUSTRY INCLUSIVE AND ACCESSIBLE TO ALL YOUTH, REGARDLESS OF HOW CLOSE OR FAR THEY LIVE FROM A RACETRACK OR HORSE FARM. THIS INCLUDES AMPLIFY'S SOCIAL MEDIA, NEWSLETTER, TWICE MONTHLY PODCAST, EDUCATIONAL WEBSITE, AND PERIODIC WEBINARS.

    Expenses $44,842

  • PROGRAM EVENTS - PROGRAM EVENTS ENCOMPASSES ALL THE IN-PERSON PROGRAMS, EVENTS, ACTIVATIONS, AND OUTREACH THAT AMPLIFY TRAVELS TO AND HOSTS THROUGHOUT THE YEAR. THIS INCLUDES EDUCATIONAL EVENTS THAT PARTICIPANTS REGISTER FOR AT RACETRACKS OR EQUINE FACILITIES, EDUCATIONAL TOURS AND LEARNING ACTIVATIONS WITH PARTNER ORGANIZATIONS, AND HOSTING INTERACTIVE ACTIVITIES OR WORKSHOPS AT CONFERENCES AND COMMUNITY EVENTS.

    Expenses $39,353

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jordyn Egan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Laurel Humbert-Stock

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Hallie Hardy

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Madison Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Price Bell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cate Masterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Katie Lamonica

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patrick Cummings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Annise Montplaisir

    EXECUTIVE DIRECTOR

    Total calculated
    $73,500
    From this org
    $73,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
27 May 2025
IRS schema version
2023v6.0
Source object
202521479349300932

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