Form 990 for tax year 2024
Filed by THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION INC.
Totals
- Total revenue
- $1,007,370
- Total expenses
- $1,091,155
- Contributions and grants received
- $14,718
- Grants paid
- $133,040
- Program service revenue
- $681,663
- Investment income
- $266,890
- Other revenue
- $44,099
- Total assets, end of year
- $4,188,581
- Total liabilities, end of year
- $93,534
- Net assets or fund balances, end of year
- $4,095,047
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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
$14,718
-
2a · Program service revenue: MEMBERSHIP DUES
total $386,652 · related or exempt $386,652
-
2b · Program service revenue: SEMINARS
total $195,651 · related or exempt $195,651
-
2c · Program service revenue: AWARDS BANQUET
total $70,603 · related or exempt $42,220 · unrelated business $28,383
-
2d · Program service revenue: MEMBERSHIP DIRECTORY
total $28,757 · unrelated business $28,757
-
3 · Investment income
total $80,455 · excluded $80,455
-
5 · Royalties
total $2,275 · excluded $2,275
-
7a · Gross sales of assets other than inventory
securities $509,350 · other assets $4,000
-
7b · Less cost or other basis and sales expenses
securities $326,915 · other assets $0
-
7c · Gain or loss
securities $182,435 · other assets $4,000
-
7d · Net gain or loss
total $186,435 · excluded $186,435
-
8a · Fundraising events: gross income
$41,545
-
8b · Fundraising events: direct expenses
$4,529
-
8c · Net income from fundraising events
total $37,016 · excluded $37,016
-
11a · Other revenue: OTHER INCOME
total $4,808 · related or exempt $4,808
-
11e · Other revenue, total
$4,808
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $133,040
-
5 · Compensation of officers, directors and key employees
total $306,614
-
7 · Other salaries and wages
total $205,860
-
8 · Pension plan contributions
total $4,626
-
9 · Other employee benefits
total $15,366
-
10 · Payroll taxes
total $32,331
-
11b · Fees: legal
total $35,814
-
11c · Fees: accounting
total $2,550
-
11f · Fees: investment management
total $37,754
-
11g · Fees: other
total $25,221
-
12 · Advertising and promotion
total $1,000
-
13 · Office expenses
total $10,665
-
14 · Information technology
total $34,502
-
16 · Occupancy
total $35,500
-
17 · Travel
total $17,362
-
19 · Conferences, conventions and meetings
total $6,416
-
20 · Interest
total $527
-
22 · Depreciation, depletion and amortization
total $9,242
-
23 · Insurance
total $3,626
-
24a · Other expenses: AWARDS DINNER EXPENSES
total $92,531
-
24b · Other expenses: TCJIS
total $18,804
-
24c · Other expenses: PRINTING
total $13,527
-
24d · Other expenses: MEMBERSHIP DIRECTORY
total $11,600
-
24e · All other expenses
total $36,677
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $113,300 · end of year $10,040
-
2 · Savings and temporary cash investments
beginning of year $444,992 · end of year $282,091
-
4 · Accounts receivable
beginning of year $56,728 · end of year $60,212
-
9 · Prepaid expenses and deferred charges
beginning of year $9,309 · end of year $19,637
-
10a · Land, buildings and equipment: cost or other basis
$84,215
-
10b · Land, buildings and equipment: accumulated depreciation
$34,520
-
10c · Land, buildings and equipment, net
beginning of year $4,234 · end of year $49,695
-
11 · Investments: publicly traded securities
beginning of year $2,696,137 · end of year $3,017,822
-
12 · Investments: other securities
beginning of year $553,597 · end of year $744,403
-
15 · Other assets
beginning of year $4,681 · end of year $4,681
-
17 · Accounts payable and accrued expenses
beginning of year $10,408 · end of year $48,123
-
24 · Unsecured notes and loans payable
beginning of year $8,093 · end of year $45,411
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $3,864,477 · end of year $4,095,047
Mission and programs · 2024
Mission
TO ADVERTISE, PROMOTE, AND FOSTER THE THOROUGHBRED INDUSTRY
-
TRADE JOURNALS PROVIDE INFO ON STAKES RACES, PUBLIC AUCTIONS & NEWS PERTAINING TO THE EQUINE INDUSTRY. REGISTERS PROVIDE UP-TO-DATE STATISTICAL INFO ON STALLIONS. DIRECTORIES PROVIDE LISTINGS OF PRODUCTS & SERVICES SPECIALIZING IN EQUINE INDUSTRY.
-
SEMINARS AND CLINICS ARE PROVIDED THAT FOCUS ON RACING AND BREEDING ASPECTS OF THOROUGHBRED OWNERSHIP.
-
AWARDS DINNER IS CONDUCTED EVERY YEAR TO RECOGNIZE THE TOP OWNER AND BREEDER OF EACH STATE AND THE TOP OWNER AND BREEDER IN THE COUNTRY.
As filed on the 2024 return.
Listed in Part VII
-
David O'FarrellDAVID O'FARRELL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Doug CauthenDOUG CAUTHEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Garrett O'RourkeGARRETT O'ROURKE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Everett DobsonEVERETT DOBSON
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Brant M LaueBRANT M LAUE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Shannon Bishop ArvinSHANNON BISHOP ARVIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey BloomJEFFREY BLOOM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joe AppelbaumJOE APPELBAUM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert Edwards JrROBERT EDWARDS JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marette FarrellMARETTE FARRELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael BanahanMICHAEL BANAHAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marshall GrammMARSHALL GRAMM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tanya GuntherTANYA GUNTHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Walker HancockWALKER HANCOCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie HronisSTEPHANIE HRONIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jason LoutschJASON LOUTSCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mandy PopeMANDY POPE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
R Glenn SikuraR GLENN SIKURA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stephen ScrenciSTEPHEN SCRENCI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Barbara BankeBARBARA BANKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carrie BrogdenCARRIE BROGDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tim CohenTIM COHEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Billy KochBILLY KOCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Braxton LynchBRAXTON LYNCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Francis VanlangendonckFRANCIS VANLANGENDONCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Greg BenselGREG BENSEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Daniel J MetzgerDANIEL J METZGER
PRESIDENT
- Total calculated
- $306,614
- From this org
- $274,738
- From related orgs
- $0
- Other
- $31,876
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $270,353
- Bonus
- $0
- Other
- $4,385
- Deferred
- $9,625
- Nontaxable benefits
- $22,251
- Filer's total
- $306,614
-
Andrew SchweigardtANDREW SCHWEIGARDT
SENIOR DIR. OF INDUSTRY RE
- Total calculated
- $140,650
- From this org
- $117,446
- From related orgs
- $0
- Other
- $23,204
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1A
- THE ORGANIZATION PAYS 50% OF EMPLOYEE DUES TO YMCA. THE ORGANIZATION ALSO PAYS DUES FOR DAN METZGER TO KEENELAND CLUB, AN INDUSTRY RELATED ORGANIZATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
TO SUPPORT THE MISSION TO INCREASE THE POPULARITY, WELFARE, AND INTEGRITY OF THOROUGHBRED BREEDING AND RACING.
-
$17,500
TO SUPPORT THE MISSION TO AID, SPONSOR, PROMOTE, AND CONTRIBUTE TO EDUCATION IN FURTHERANCE OF THE TREATMENT, CARE, AND WELFARE OF THE HORSE.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
THOROUGHBRED CHARITIES OF AMERICA INC
501(C)(3) · TO PROVIDE A BETTER LIFE FOR THOROUGHBREDS BY FUNDING RETIREMENT ORGS · KY
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
BLOOD-HORSE LLC
MAGAZINE PUBLISHING · KY · 49% owned · share of income -$45,175 · share of assets $1,276,242
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
TOBA MEDIA PROPERTIES INC
C · PUBLISHING · KY · 100% owned · share of income -$82,313 · share of assets $558,835 · controlled entity
Directly controlled by THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513149349300131
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