Form 990 for tax year 2024

2a · Program service revenue: REGISTRATION FEES

total $775,800 · related or exempt $775,800

2b · Program service revenue: BUSINESS DEVELOPMENT INCOME

total $256,349 · related or exempt $256,349

2c · Program service revenue: INSURANCE COMM.

total $235,918 · related or exempt $235,918

2d · Program service revenue: PROMOTIONAL ALLOW.

total $50,000 · related or exempt $50,000

2e · Program service revenue: MEMBERSHIP DUES

total $32,665 · related or exempt $32,665

3 · Investment income

total $47,367 · excluded $47,367

7a · Gross sales of assets other than inventory

securities $1,451,016

7b · Less cost or other basis and sales expenses

securities $193,465 · other assets $5,585

7c · Gain or loss

securities $1,257,551 · other assets -$5,585

7d · Net gain or loss

total $1,251,966 · excluded $1,251,966

11a · Other revenue: INCOME/(LOSS) FROM SUBSIDIARY

total -$10,145 · related or exempt -$10,145

11e · Other revenue, total

-$10,145

1 · Grants to domestic organizations and governments

total $394,350

5 · Compensation of officers, directors and key employees

total $150,563

7 · Other salaries and wages

total $151,534

9 · Other employee benefits

total $21,808

10 · Payroll taxes

total $19,313

11c · Fees: accounting

total $28,924

11f · Fees: investment management

total $19,895

12 · Advertising and promotion

total $19,919

13 · Office expenses

total $21,542

14 · Information technology

total $3,119

16 · Occupancy

total $6,300

17 · Travel

total $115,579

22 · Depreciation, depletion and amortization

total $1,297

23 · Insurance

total $4,869

24a · Other expenses: KY THOROUGHBRED PROMOTI

total $260,097

24b · Other expenses: BUSINESS DEVELOPMENT EX

total $143,282

24c · Other expenses: CHAMPION AWARDS

total $120,799

24d · Other expenses: OTHER

total $36,868

24e · All other expenses

total $14,358

1 · Cash, non-interest-bearing

beginning of year $237,950 · end of year $279,734

2 · Savings and temporary cash investments

beginning of year $50,443 · end of year $81,498

4 · Accounts receivable

beginning of year $94,645 · end of year $74,402

9 · Prepaid expenses and deferred charges

beginning of year $8,686 · end of year $0

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

$40,943

10b · Land, buildings and equipment: accumulated depreciation

$37,052

10c · Land, buildings and equipment, net

beginning of year $10,772 · end of year $3,891

11 · Investments: publicly traded securities

beginning of year $1,819,116 · end of year $1,049,747

12 · Investments: other securities

beginning of year $173,423 · end of year $1,097,969

13 · Investments: program-related

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

17 · Accounts payable and accrued expenses

beginning of year $43,107 · end of year $195,159

19 · Deferred revenue

beginning of year $16,745 · end of year $15,920

27 · Net assets without donor restrictions

beginning of year $2,628,945 · end of year $2,653,649

28 · Net assets with donor restrictions

beginning of year $21,596 · end of year $27,726