Form 990 for tax year 2022
Filed by KENTUCKY RACE TRACK CHAPLAINCY INC.
Totals
- Total revenue
- $485,046
- Total expenses
- $489,389
- Contributions and grants received
- $391,188
- Grants paid
- $15,470
- Program service revenue
- $400
- Investment income
- -$60,564
- Other revenue
- $154,022
- Total assets, end of year
- $1,626,653
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,626,653
- Program services expenses (Part IX)
- $395,137
- Management and general expenses
- $55,696
- Fundraising expenses
- $38,556
- Program service expenses (Part III)
- $395,137
Program services were 80.7% 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.
-
1e · Government grants (contributions)
$26,765
-
1f · All other contributions, gifts and grants
$364,423
-
1g · Noncash contributions included above
$40,425
-
2a · Program service revenue: CREDIT CARD CASH BACK
total $400 · excluded $400
-
3 · Investment income
total -$61,064 · unrelated business -$61,064
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $500
-
7c · Gain or loss
securities $500
-
7d · Net gain or loss
total $500 · related or exempt $500
-
8a · Fundraising events: gross income
$271,658
-
8b · Fundraising events: direct expenses
$117,636
-
8c · Net income from fundraising events
total $154,022
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $14,400 · program services $14,400
-
2 · Grants to domestic individuals
total $1,070 · program services $1,070
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $243,987 · program services $190,310 · management and general $31,718 · fundraising $21,959
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $2,591 · program services $2,021 · management and general $337 · fundraising $233
-
10 · Payroll taxes
total $16,763 · program services $13,075 · management and general $2,179 · fundraising $1,509
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $200 · program services $156 · management and general $26 · fundraising $18
-
11c · Fees: accounting
total $7,022 · program services $5,477 · management and general $913 · fundraising $632
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $1,675 · program services $1,307 · management and general $217 · fundraising $151
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $9,058 · program services $7,065 · management and general $1,178 · fundraising $815
-
17 · Travel
total $1,584 · program services $1,236 · management and general $206 · fundraising $142
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $16,167 · program services $12,610 · management and general $2,102 · fundraising $1,455
-
23 · Insurance
total $0
-
24a · Other expenses: CONTRACT SERVICES
total $48,927 · program services $38,163 · management and general $6,361 · fundraising $4,403
-
24b · Other expenses: HOUSING
total $44,000 · program services $44,000
-
24c · Other expenses: MEALS
total $17,146 · program services $13,374 · management and general $2,229 · fundraising $1,543
-
24d · Other expenses: CHILDRENS MINISTRY COSTS
total $12,060 · program services $9,407 · management and general $1,568 · fundraising $1,085
-
24e · All other expenses
total $52,739 · program services $41,466 · management and general $6,662 · fundraising $4,611
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $94,133 · end of year $107,109
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $721 · end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$565,581
-
10b · Land, buildings and equipment: accumulated depreciation
$284,696
-
10c · Land, buildings and equipment, net
beginning of year $277,100 · end of year $280,885
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,259,042 · end of year $1,238,659
-
27 · Net assets without donor restrictions
beginning of year $1,630,996 · end of year $1,626,653
Mission and programs · 2022
Mission
Kentucky Race Track ChaplaincyVision, Mission and ValuesMission Our vision is to bring about the salvation of all people in the horse racing industry through the Gospel of our Lord Jesus ChristValuesWe believe Jesus Christ is the one true God and SaviorWe believe that all people have been created in the image of GodWe foster interdenominational relations to fulfill our Mission and to achieve our VisionWe strive to model the love and grace of GodWe trust in the truth and authority of the Holy Bible
-
Our mission is to nurture the spiritual and material needs of all people in the horse racing industry and their families through Christian ministry.
Expenses $395,137
As filed on the 2022 return.
Listed in Part VII
-
Gary ChurchmanGARY CHURCHMAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Keith SorrelsKEITH SORRELS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gene Snowden JrGENE SNOWDEN JR
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Daniel FickDANIEL FICK
President
- Total calculated
- $0
- Hours/week
- 3
-
John ClineJOHN CLINE
Director
- Total calculated
- $0
- Hours/week
- 1
-
James TyeJAMES TYE
Director
- Total calculated
- $0
- Hours/week
- 2
-
Craig WileyCRAIG WILEY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Polly DunlavyPOLLY DUNLAVY
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Anthony EstesANTHONY ESTES
Vice President
- Total calculated
- $0
- Hours/week
- 3
-
Michael RidgeMICHAEL RIDGE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ronald PresserRONALD PRESSER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Vanessa ParkerVANESSA PARKER
Director
- Total calculated
- $0
- Hours/week
- 1
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
-
RACE TRACK CHAPLAINCY OF AMER
$12,000
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 18 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322919349301012
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