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Nonprofiteer
← KENTUCKY HORSE PARK FOUNDATION INC

Form 990 for tax year 2024

Filed by KENTUCKY HORSE PARK FOUNDATION INC.

Totals

Total revenue
$1,833,799
Total expenses
$1,686,143
Contributions and grants received
$1,337,421
Grants paid
$0
Program service revenue
$77,691
Investment income
$561,230
Other revenue
-$142,543
Total assets, end of year
$14,375,994
Total liabilities, end of year
$444,099
Net assets or fund balances, end of year
$13,931,895
Program services expenses (Part IX)
$1,341,130
Management and general expenses
$219,872
Fundraising expenses
$125,141
Program service expenses (Part III)
$1,341,130

Program services were 79.5% 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.

  • 1f · All other contributions, gifts and grants

    $1,337,421

  • 1g · Noncash contributions included above

    $484,571

  • 2a · Program service revenue: EVENTS

    total $77,691 · related or exempt $77,691

  • 3 · Investment income

    total $221,497 · excluded $221,497

  • 7a · Gross sales of assets other than inventory

    securities $1,732,958

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

    securities $1,393,225

  • 7c · Gain or loss

    securities $339,733

  • 7d · Net gain or loss

    total $339,733 · excluded $339,733

  • 8a · Fundraising events: gross income

    $1,140,958

  • 8b · Fundraising events: direct expenses

    $1,283,501

  • 8c · Net income from fundraising events

    total -$142,543 · excluded -$142,543

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $358,233 · program services $176,808 · management and general $93,461 · fundraising $87,964

  • 9 · Other employee benefits

    total $22,767 · program services $11,237 · management and general $5,940 · fundraising $5,590

  • 10 · Payroll taxes

    total $27,046 · program services $13,349 · management and general $7,056 · fundraising $6,641

  • 11c · Fees: accounting

    total $94,972 · program services $47,083 · management and general $47,889

  • 11g · Fees: other

    total $97,952 · program services $69,613 · management and general $25,134 · fundraising $3,205

  • 12 · Advertising and promotion

    total $34,780 · program services $32,465 · management and general $926 · fundraising $1,389

  • 13 · Office expenses

    total $24,597 · program services $12,676 · management and general $6,678 · fundraising $5,243

  • 14 · Information technology

    total $33,998 · program services $22,265 · management and general $6,044 · fundraising $5,689

  • 16 · Occupancy

    total $29,625 · program services $19,849 · management and general $5,036 · fundraising $4,740

  • 22 · Depreciation, depletion and amortization

    total $162,700 · program services $162,700

  • 23 · Insurance

    total $53,166 · program services $38,659 · management and general $14,507

  • 24a · Other expenses: OTHER PARK SUPPORT

    total $541,973 · program services $541,973

  • 24b · Other expenses: EVENT PRODUCTION COSTS

    total $145,524 · program services $145,524

  • 24c · Other expenses: RESTRICTED ACTIVITIES

    total $37,718 · program services $37,718

  • 24d · Other expenses: SUPPLIES

    total $9,733 · program services $5,490 · management and general $1,845 · fundraising $2,398

  • 24e · All other expenses

    total $11,359 · program services $3,721 · management and general $5,356 · fundraising $2,282

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $239,130 · end of year $283,653

  • 2 · Savings and temporary cash investments

    beginning of year $41,907 · end of year $32,155

  • 3 · Pledges and grants receivable

    beginning of year $85,000 · end of year $30,000

  • 4 · Accounts receivable

    beginning of year $26,983 · end of year $9,000

  • 8 · Inventories for sale or use

    beginning of year $7,356 · end of year $3,918

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,694 · end of year $2,950

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

    $1,753,083

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

    $515,923

  • 10c · Land, buildings and equipment, net

    beginning of year $949,251 · end of year $1,237,160

  • 11 · Investments: publicly traded securities

    beginning of year $12,610,962 · end of year $12,738,047

  • 14 · Intangible assets

    end of year $39,111

  • 17 · Accounts payable and accrued expenses

    beginning of year $369,267 · end of year $421,649

  • 19 · Deferred revenue

    beginning of year $39,700 · end of year $22,450

  • 27 · Net assets without donor restrictions

    beginning of year $10,031,481 · end of year $10,236,330

  • 28 · Net assets with donor restrictions

    beginning of year $3,533,835 · end of year $3,695,565

Mission and programs · 2024

Mission

THE KENTUCKY HORSE PARK FOUNDATION'S SOLE PURPOSE IS TO PROVIDE SUPPORT FOR THE KENTUCKY HORSE PARK.

  • THE SUPPORT OF THE KENTUCKY HORSE PARK INVOLVES A VARIETY OF USES AND ACTIVITIES, INCLUDING, BUT NOT LIMITED TO, ANNUAL OPERATING SUPPORT, ASSISTANCE FOR EQUINE OPERATIONS AND EDUCATION, FUNDING FOR CAPITAL PROJECTS, THE PURCHASE OF HORSES AND EQUIPMENT, AND THE COMPLETION OF LANDSCAPING PROJECTS.

    Expenses $1,341,130 · Revenue $77,691

As filed on the 2024 return.

Listed in Part VII

  • DAN CRUMB

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JANE BESHEAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES BAUGHMAN

    FINANCE DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • DEREK BRAUN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH CALDWELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATIE O'BRIEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STUART BROWN II

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LULU DAVIS

    DEVELOPMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • BARCLAY DE WET

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TAWANA EDWARDS

    GRANTS DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • JENNIE GARLINGTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • CLAY GREEN

    CHAIR

    Total calculated
    $0
    Hours/week
    35

  • DEBBIE LONG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • BILL HILLIARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ANDREW JACOBS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    20

  • LAMON HARKNESS JEWETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • BILL JUSTICE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DEBBIE SPIKE-PIERCE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DEIRDRE LYONS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ZEFF MALONEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JUDY MILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MAEGAN NICHOLSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JANIE MUSSELMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARY JANE NUCKOLS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ORSON OLIVER

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • NICOLE PIERATT

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • WALT ROBERTSON JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • WALT ROBERTSON SR

    NOMINATING DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • JUSTIN SAUTTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MARTHA SLAUGHTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • DONNA WARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BECKY JORDAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TERI KESSLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ELOISE PENN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • HUTTON GOODMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LISA LOURIE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER MADDEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DAVID RUDDER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MARIAN ZEITLIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM BAKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • DEMETRIA BLAIR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • JAMES MILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • AMY DIX ROCK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ELIZABETH ROBBINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN MEYER

    EXECUTIVE DIRECTOR

    Total calculated
    $179,212
    From this org
    $179,212
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,420
    Bonus
    $0
    Other
    $1,792
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $179,212

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 · 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 October 2025
IRS schema version
2024v5.2
Source object
202502839349301220

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