Form 990 for tax year 2022

2a · Program service revenue: REGISTRATION FEES

total $788,825 · related or exempt $788,825

2b · Program service revenue: INSURANCE COMM.

total $168,718 · related or exempt $168,718

2c · Program service revenue: BUSINESS DEVELOPMENT I

total $95,730 · related or exempt $95,730

2d · Program service revenue: PROMOTIONAL ALLOW.

total $50,000 · related or exempt $50,000

2e · Program service revenue: MEMBERSHIP DUES

total $33,220 · related or exempt $33,220

2f · All other program service revenue

total $10,000 · related or exempt $10,000

3 · Investment income

total $33,992 · excluded $33,992

7a · Gross sales of assets other than inventory

securities $18,211

7b · Less cost or other basis and sales expenses

securities $0

7c · Gain or loss

securities $18,211

7d · Net gain or loss

total $18,211 · excluded $18,211

11a · Other revenue: INCOME/(LOSS) FROM SUB

total $1,379 · related or exempt $1,379

11e · Other revenue, total

$1,379

1 · Grants to domestic organizations and governments

total $165,000

5 · Compensation of officers, directors and key employees

total $139,676

7 · Other salaries and wages

total $170,524

9 · Other employee benefits

total $38,308

10 · Payroll taxes

total $19,703

11b · Fees: legal

total $1,642

11c · Fees: accounting

total $19,638

11f · Fees: investment management

total $17,755

12 · Advertising and promotion

total $163,619

13 · Office expenses

total $22,866

14 · Information technology

total $6,621

16 · Occupancy

total $6,264

17 · Travel

total $10,616

22 · Depreciation, depletion and amortization

total $6,925

23 · Insurance

total $4,793

24a · Other expenses: KY THOROUGHBRED PROMOTI

total $226,069

24b · Other expenses: CHAMPION AWARDS

total $114,509

24c · Other expenses: BUSINESS DEVELOPMENT EX

total $90,202

24d · Other expenses: SERVICE CHARGES

total $21,149

24e · All other expenses

total $62,104

1 · Cash, non-interest-bearing

beginning of year $457,059 · end of year $441,880

2 · Savings and temporary cash investments

beginning of year $56,826 · end of year $66,510

4 · Accounts receivable

beginning of year $96,904 · end of year $39,704

9 · Prepaid expenses and deferred charges

beginning of year $1,530 · end of year $1,419

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

$94,955

10b · Land, buildings and equipment: accumulated depreciation

$81,494

10c · Land, buildings and equipment, net

beginning of year $12,831 · end of year $13,461

11 · Investments: publicly traded securities

beginning of year $1,357,964 · end of year $1,542,522

12 · Investments: other securities

beginning of year $134,242 · end of year $146,151

13 · Investments: program-related

beginning of year $294,475 · end of year $295,854

17 · Accounts payable and accrued expenses

beginning of year $53,147 · end of year $125,997

19 · Deferred revenue

beginning of year $17,096 · end of year $16,125

27 · Net assets without donor restrictions

beginning of year $2,333,278 · end of year $2,391,541

28 · Net assets with donor restrictions

beginning of year $8,310 · end of year $13,838