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← KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC

Form 990 for tax year 2023

Filed by KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC.

Totals

Total revenue
$14,209
Total expenses
$7,150
Contributions and grants received
$97
Grants paid
$0
Program service revenue
$0
Investment income
$14,112
Other revenue
$0
Total assets, end of year
$647,729
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$647,729
Program services expenses (Part IX)
$0
Management and general expenses
$7,150
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.

  • 1d · Related organizations

    $97

  • 3 · Investment income

    total $12,086 · excluded $12,086

  • 7a · Gross sales of assets other than inventory

    securities $11,627

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

    securities $9,601

  • 7c · Gain or loss

    securities $2,026

  • 7d · Net gain or loss

    total $2,026 · excluded $2,026

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $7,047 · management and general $7,047

  • 24a · Other expenses: FOREIGN TAX ON INVESTME

    total $103 · management and general $103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,892 · end of year $2,988

  • 2 · Savings and temporary cash investments

    beginning of year $28,144 · end of year $29,742

  • 11 · Investments: publicly traded securities

    beginning of year $421,550 · end of year $485,711

  • 12 · Investments: other securities

    beginning of year $110,778 · end of year $129,288

  • 27 · Net assets without donor restrictions

    beginning of year $563,364 · end of year $647,729

Mission and programs · 2023

Mission

KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION, INC. (KTOB FOUNDATION) SUPPORTS AND FUNDS EQUINE RESEARCH, IN PARTICULAR RESEARCH TO STUDY AND FIND A PREVENTION OR CURE TO THE CONDITION IN HORSES COMMONLY KNOWN AS MARE REPRODUCTIVE LOSS SYNDROME AND OTHER HORSE RELATED ILLNESSES WHICH HAVE PLAGUED KENTUCKY HORSE OWNERS IN RECENT YEARS.

Activities or mission (Part I)

TO SUPPORT AND FUND EQUINE RESEARCH

  • KTOB FOUNDATION MAKES GRANTS TO QUALIFIED VETERINARIANS AND SCIENTISTS OR OTHER 501(C)(3) ORGANIZATIONS TO ENABLE SUCH PERSONS OR ORGANIZATIONS TO CONDUCT THE NECESSARY MEDICAL RESEARCH TO FIND A CURE OR PREVENTION OF MRLS AND OTHER ILLNESSES RELATED TO HORSES. THE RESULTS OF THESE SCIENTIFIC STUDIES WILL BE MADE AVAILABLE TO THE GENERAL PUBLIC.

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

Listed in Part VII

  • CHRISTOPHER BAKER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • WALKER HANCOCK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BILL DAUGHERTY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DERMOT RYAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • J STEPHEN HORN

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHAUNCEY MORRIS

    EXECUTIVE DIRECTOR

    Total calculated
    $298,594
    From this org
    $0
    From related orgs
    $257,980
    Other
    $40,614
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,044 related
    Bonus
    $0 + $9,936 related
    Other
    $0
    Deferred
    $0 + $12,698 related
    Nontaxable benefits
    $0 + $27,916 related
    Filer's total
    $0 + $298,594 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
  • 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

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
2023
Filed
29 October 2024
IRS schema version
2023v5.1
Source object
202413119349301811

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