Form 990 for tax year 2023
Filed by KENTUCKY HORSEMANS BENEVOLENT AND PROTECTIVE ASSOCIATION INC.
Totals
- Total revenue
- $2,216,649
- Total expenses
- $1,145,272
- Contributions and grants received
- $0
- Grants paid
- $6,875
- Program service revenue
- $2,148,980
- Investment income
- $58,434
- Other revenue
- $9,235
- Total assets, end of year
- $3,795,613
- Total liabilities, end of year
- $21,820
- Net assets or fund balances, end of year
- $3,773,793
- 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.
-
2a · Program service revenue: HORSEMEN'S PURSE
total $1,973,544 · related or exempt $1,973,544
-
2b · Program service revenue: BACKSIDE PROGRAMS
total $175,436 · related or exempt $175,436
-
3 · Investment income
total $48,027 · excluded $48,027
-
7a · Gross sales of assets other than inventory
securities $10,407
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $10,407
-
7d · Net gain or loss
total $10,407 · excluded $10,407
-
11d · All other revenue
total $9,235 · related or exempt $9,235
-
11e · Other revenue, total
$9,235
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,875
-
5 · Compensation of officers, directors and key employees
total $63,893
-
7 · Other salaries and wages
total $398,447
-
10 · Payroll taxes
total $33,522
-
11b · Fees: legal
total $475
-
11c · Fees: accounting
total $15,700
-
11f · Fees: investment management
total $6,582
-
13 · Office expenses
total $83,215
-
17 · Travel
total $51,310
-
19 · Conferences, conventions and meetings
total $5,754
-
21 · Payments to affiliates
total $47,000
-
22 · Depreciation, depletion and amortization
total $21,276
-
23 · Insurance
total $102,986
-
24a · Other expenses: BACKSIDE PROGRAMS
total $210,707
-
24b · Other expenses: NEWSLETTER
total $69,650
-
24c · Other expenses: TRANSFER TO KHBPF, INC.
total $11,700
-
24d · Other expenses: CHAPLAINCY PROGRAM
total $11,000
-
24e · All other expenses
total $5,180
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,795,524 · end of year $281,196
-
4 · Accounts receivable
beginning of year $168,992 · end of year $801,128
-
9 · Prepaid expenses and deferred charges
beginning of year $21,268 · end of year $2,250
-
10a · Land, buildings and equipment: cost or other basis
$404,387
-
10b · Land, buildings and equipment: accumulated depreciation
$191,500
-
10c · Land, buildings and equipment, net
beginning of year $234,163 · end of year $212,887
-
11 · Investments: publicly traded securities
beginning of year $430,727 · end of year $2,498,152
-
17 · Accounts payable and accrued expenses
beginning of year $53,479 · end of year $21,820
-
27 · Net assets without donor restrictions
beginning of year $2,597,195 · end of year $3,773,793
Mission and programs · 2023
Mission
PROMOTION OF THOROUGHBRED HORSERACING AND REPRESENTATION OF HORSEMEN'S INTERESTS AND PROPERTY RIGHTS IN DEALING WITH RACING ASSOCIATIONS.
Activities or mission (Part I)
PROMOTION OF THOROUGHBRED HORSE- RACING AND REPRESENTATION OF ALL HORSEMEN'S INTERESTS (SCHEDULE O) AND PROPERTY RIGHTS IN DEALING WITH RACING ASSOCIATIONS.
-
PROMOTION OF THOROUGHBRED HORSERACING AND REPRESENTATION OF HORSEMEN'S INTERESTS AND PROPERTY RIGHTS IN DEALING WITH RACING ASSOCIATIONS.
As filed on the 2023 return.
Listed in Part VII
-
Rick HilesRICK HILES
PRESIDENT
- Total calculated
- $51,032
- From this org
- $51,032
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8 + 2 related
-
Dale RomansDALE ROMANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 2 related
-
Michael J BruderMICHAEL J BRUDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 2 related
-
Mark C BaconMARK C BACON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 2 related
-
John HancockJOHN HANCOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 2 related
-
James WilliamsJAMES WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 2 related
-
Travis FoleyTRAVIS FOLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 2 related
-
William Buff BradleyWILLIAM BUFF BRADLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 2 related
-
Norman CasseNORMAN CASSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 2 related
-
Bentley CombsBENTLEY COMBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 2 related
-
Jason BarkleyJASON BARKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 2 related
-
Alex FoleyALEX FOLEY
EXECUTIVE DIRECTOR
- Total calculated
- $12,861
- From this org
- $12,861
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45 + 5 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.
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.
-
KENTUCKY HORSEMEN'S BENEVOLENT AND PROTECTIVE FOUNDATION INC
501(C)(4) · PROMOTE SOCIAL WELFARE OF THE PEOPLE OF THE KENTUCKY HORSE RACING INDUSTRY. · KY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349307060
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