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Nonprofiteer
← GRAYSON-JOCKEY CLUB RESEARCH FOUNDATION

Form 990 for tax year 2022

Filed by GRAYSON-JOCKEY CLUB RESEARCH FOUNDATION.

Totals

Total revenue
$3,114,587
Total expenses
$2,348,194
Contributions and grants received
$2,234,135
Grants paid
$1,659,537
Program service revenue
$0
Investment income
$961,755
Other revenue
-$81,303
Total assets, end of year
$37,387,583
Total liabilities, end of year
$111,920
Net assets or fund balances, end of year
$37,275,663
Program services expenses (Part IX)
$1,761,128
Management and general expenses
$102,318
Fundraising expenses
$484,748
Program service expenses (Part III)
$1,761,128

Program services were 75.0% 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.

  • 1b · Membership dues

    $1,209,966

  • 1c · Fundraising events

    $157,330

  • 1f · All other contributions, gifts and grants

    $866,839

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $253,348 · excluded $253,348

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $2,751,650

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

    securities $2,043,243

  • 7c · Gain or loss

    securities $708,407 · other assets $0

  • 7d · Net gain or loss

    total $708,407 · excluded $708,407

  • 8a · Fundraising events: gross income

    $50,162

  • 8a · Fundraising events: contributions included on line 1c

    $157,330

  • 8b · Fundraising events: direct expenses

    $134,598

  • 8c · Net income from fundraising events

    total -$84,436 · excluded -$84,436

  • 11a · Other revenue: misc revenue

    total $2,640 · related or exempt $2,640

  • 11b · Other revenue: Book Sales

    total $493 · related or exempt $493

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,133

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,556,005 · program services $1,556,005

  • 3 · Grants to foreign organizations and individuals

    total $103,532 · program services $103,532

  • 5 · Compensation of officers, directors and key employees

    total $275,476 · program services $39,278 · management and general $39,278 · fundraising $196,920

  • 7 · Other salaries and wages

    total $128,482 · fundraising $128,482

  • 8 · Pension plan contributions

    total $7,679 · fundraising $7,679

  • 9 · Other employee benefits

    total $1,557 · fundraising $1,557

  • 10 · Payroll taxes

    total $26,630 · program services $2,663 · management and general $2,663 · fundraising $21,304

  • 11b · Fees: legal

    total $1,000 · management and general $1,000

  • 11c · Fees: accounting

    total $20,855 · management and general $20,855

  • 11f · Fees: investment management

    total $764 · management and general $764

  • 11g · Fees: other

    total $56,313 · program services $48,594 · management and general $7,719 · fundraising $0

  • 12 · Advertising and promotion

    total $90,849 · fundraising $90,849

  • 13 · Office expenses

    total $31,326 · program services $2,293 · management and general $5,538 · fundraising $23,495

  • 14 · Information technology

    total $11,012 · management and general $11,012

  • 16 · Occupancy

    total $5,400 · management and general $5,400

  • 17 · Travel

    total $28,046 · program services $8,763 · management and general $4,821 · fundraising $14,462

  • 23 · Insurance

    total $3,268 · management and general $3,268

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,231 · end of year $14,580

  • 2 · Savings and temporary cash investments

    beginning of year $5,406,001 · end of year $3,502,568

  • 3 · Pledges and grants receivable

    beginning of year $255,715 · end of year $60,200

  • 4 · Accounts receivable

    beginning of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,619 · end of year $7,229

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

    $51,167

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

    $51,167

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $42,693,483 · end of year $33,803,006

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $100,363 · end of year $111,920

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $25,262,027 · end of year $18,473,961

  • 28 · Net assets with donor restrictions

    beginning of year $23,042,659 · end of year $18,801,702

Mission and programs · 2022

Mission

THE ORGANIZATION IS COMMITTED TO THE ADVANCEMENT OF RESEARCH TO ENHANCE THE SAFETY AND HEALTH OF THE HORSE.

  • Grayson-Jockey Club Research Foundation is a leading, non-profit charitable organization. Membership is unrestricted and open to all. The foundation's mission is to fund veterinary research beneficial to promoting the heath and soundness of horses. Although it is affiliated with the thoroughbred horse industry, most research is beneficial to all breeds. In 2022, the foundation funded 28 grants totaling $1,659,537. Veterinary research is conducted largely at universities in North America as well as certain international universities. The foundation has no alliance with any one university and is free to fund the best research based on recommendations from its Research Advisory Committee. A percentage of approved funding is directed to support lab technicians and graduate assistants to support the principal investigator. Thus, research today is helping to recruit and train researchers for tomorrow, giving extra impact from the foundation's funding. Aside from staff assistance, the foundation does not pay the principal investigator's salary or any other overhead, thereby targeting its dollars directly for research.

    Expenses $1,761,128 · Grants $1,659,537 · Revenue $3,133

As filed on the 2022 return.

Listed in Part VII

  • Dell Hancock

    Chairman

    Total calculated
    $0
    Hours/week
    4

  • Kevin Lavin

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Adele B Dilschneider

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ben Haggin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Braxton Jones Lynch

    director

    Total calculated
    $0
    Hours/week
    1

  • Charlsie Cantey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Daisy Phipps Pulito

    Director

    Total calculated
    $0
    Hours/week
    1

  • Donald R Dizney

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Hiram C Polk Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Larry R Bramlage

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Rick M Arthur

    Director

    Total calculated
    $0
    Hours/week
    1

  • Geoffrey Russell

    Director

    Total calculated
    $0
    Hours/week
    1

  • J Michael O'Farrell

    Director

    Total calculated
    $0
    Hours/week
    1

  • John C Oxley

    Director

    Total calculated
    $0
    Hours/week
    1

  • John M B O'Connor

    Director

    Total calculated
    $0
    Hours/week
    1

  • Leverett S Miller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Louis Cella

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lucy Young Hamilton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Perry R Bass

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stuart S Janney III

    Director

    Total calculated
    $0
    Hours/week
    1

  • Vinnie Viola

    Director

    Total calculated
    $0
    Hours/week
    1

  • Virginia Guest Valentine

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jamie S Haydon

    President

    Total calculated
    $196,920
    From this org
    $184,661
    From related orgs
    $0
    Other
    $12,259
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,000
    Bonus
    $31,200
    Other
    $461
    Deferred
    $11,052
    Nontaxable benefits
    $1,207
    Filer's total
    $196,920

  • Laura Barillaro

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Resia Ayers

    Secretary, Operations Manager

    Total calculated
    $78,556
    From this org
    $52,632
    From related orgs
    $0
    Other
    $25,924
    Hours/week
    40

  • HOLLY WHITE

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $127,974
    From this org
    $119,974
    From related orgs
    $0
    Other
    $8,000
    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

  • 3 · Compensation survey or study
  • 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202313129349301996

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