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Nonprofiteer
← KENTUCKY THOROUGHBRED BUILDING INC

Form 990 for tax year 2024

Filed by KENTUCKY THOROUGHBRED BUILDING INC.

Totals

Total revenue
$152,225
Total expenses
$1,478
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$189,700
Other revenue
-$37,475
Total assets, end of year
$319,157
Total liabilities, end of year
$13,944
Net assets or fund balances, end of year
$305,213
Program services expenses (Part IX)
$0
Management and general expenses
$1,478
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $4,499 · excluded $4,499

  • 6a · Gross rents

    real property $12,600

  • 6b · Less rental expenses

    real property $50,075

  • 6c · Rental income or loss

    real property -$37,475

  • 6d · Net rental income or loss

    total -$37,475 · related or exempt -$37,475

  • 7a · Gross sales of assets other than inventory

    securities $185,201

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $185,201

  • 7d · Net gain or loss

    total $185,201 · excluded $185,201

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $1,478 · management and general $1,478

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,611 · end of year $165,951

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

    $352,342

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

    $199,136

  • 10c · Land, buildings and equipment, net

    beginning of year $123,283 · end of year $153,206

  • 11 · Investments: publicly traded securities

    beginning of year $192,320

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,856 · end of year $13,944

  • 27 · Net assets without donor restrictions

    beginning of year $315,358 · end of year $305,213

Mission and programs · 2024

Mission

TO HOLD REAL ESTATE FOR KENTUCKY THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION, INC. AND KENTUCKY THOROUGHBRED ASSOCIATION, INC., 501(C)(6) ORGANIZATIONS ORGANIZED AND OPERATED TO ADVERTISE, FOSTER, AND PROMOTE THE THOROUGHBRED HORSE INDUSTRY IN THE COMMONWEALTH OF KENTUCKY.

Activities or mission (Part I)

TO HOLD REAL ESTATE FOR KENTUCKY THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION, INC. AND KENTUCKY THOROUGHBRED ASSOCIATION, INC.

  • TO HOLD REAL ESTATE FOR KENTUCKY THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION, INC. AND KENTUCKY THOROUGHBRED ASSOCIATION, INC., 501(C)(6) ORGANIZATIONS ORGANIZED AND OPERATED TO ADVERTISE, FOSTER, AND PROMOTE THE THOROUGHBRED HORSE INDUSTRY IN THE COMMONWEALTH OF KENTUCKY.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • WILLIAM DAUGHERTY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • WALKER HANCOCK

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • DERMOT RYAN

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • NATANYA NIEMAN

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • STUART BROWN II DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • CRAIG BANDOROFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • NED TOFFEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • CHAUNCEY MORRIS

    EXECUTIVE DIRECTOR

    Total calculated
    $300,068
    From this org
    $0
    From related orgs
    $256,506
    Other
    $43,562
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,272 related
    Bonus
    $0 + $10,234 related
    Other
    $0
    Deferred
    $0 + $12,614 related
    Nontaxable benefits
    $0 + $30,948 related
    Filer's total
    $0 + $300,068 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202503099349302160

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