Form 990 for tax year 2025
Filed by THOROUGHBRED CLUB OF AMERICA INC.
Totals
- Total revenue
- $3,382,477
- Total expenses
- $2,873,020
- Contributions and grants received
- $17,700
- Grants paid
- $0
- Program service revenue
- $3,326,752
- Investment income
- $38,025
- Other revenue
- $0
- Total assets, end of year
- $4,504,787
- Total liabilities, end of year
- $1,309,182
- Net assets or fund balances, end of year
- $3,195,605
- Program services expenses (Part IX)
- $2,193,119
- Management and general expenses
- $679,901
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,203,323
Program services were 76.3% 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
$17,700
-
2a · Program service revenue: CLUB RESTAURANT
total $1,851,695 · excluded $1,851,695
-
2b · Program service revenue: Membership Dues & Assessments
total $1,321,868 · related or exempt $1,321,868
-
2c · Program service revenue: SPECIAL EVENTS
total $153,189 · excluded $153,189
-
3 · Investment income
total $40,385 · related or exempt $40,385
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7b · Less cost or other basis and sales expenses
other assets $2,360
-
7c · Gain or loss
other assets -$2,360
-
7d · Net gain or loss
total -$2,360 · related or exempt -$2,360
-
8c · Net income from fundraising events
total $0
-
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 $0
-
2 · Grants to domestic individuals
total $0
-
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 $175,769 · program services $102,736 · management and general $73,033
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $582,623 · program services $347,404 · management and general $235,219
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $129,360 · program services $69,913 · management and general $59,447
-
10 · Payroll taxes
total $84,413 · program services $52,336 · management and general $32,077
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $34,251 · program services $9,590 · management and general $24,661
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $82,907 · program services $73,940 · management and general $8,967
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $17,700 · program services $15,399 · management and general $2,301
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $4,661 · management and general $4,661
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $185,946 · program services $161,773 · management and general $24,173
-
23 · Insurance
total $60,800 · program services $52,896 · management and general $7,904
-
24a · Other expenses: food & beverage
total $595,676 · program services $595,676
-
24b · Other expenses: outside services
total $356,837 · program services $280,081 · management and general $76,756
-
24c · Other expenses: member activity
total $131,915 · program services $120,486 · management and general $11,429
-
24d · Other expenses: MERCHANDISE
total $79,456 · program services $79,456
-
24e · All other expenses
total $350,706 · program services $231,433 · management and general $119,273
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $1,468,809 · end of year $2,042,248
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $240,479 · end of year $241,574
-
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
end of year $0
-
8 · Inventories for sale or use
beginning of year $89,756 · end of year $106,622
-
9 · Prepaid expenses and deferred charges
beginning of year $34,136 · end of year $24,916
-
10a · Land, buildings and equipment: cost or other basis
$3,052,421
-
10b · Land, buildings and equipment: accumulated depreciation
$1,140,539
-
10c · Land, buildings and equipment, net
beginning of year $2,008,177 · end of year $1,911,882
-
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 $139,138 · end of year $177,545
-
17 · Accounts payable and accrued expenses
beginning of year $127,583 · end of year $130,210
-
19 · Deferred revenue
beginning of year $1,065,250 · end of year $1,104,800
-
25 · Other liabilities
beginning of year $90,308 · end of year $74,172
-
27 · Net assets without donor restrictions
beginning of year $2,640,081 · end of year $3,138,332
-
28 · Net assets with donor restrictions
beginning of year $57,273 · end of year $57,273
Mission and programs · 2025
Mission
THE PRIMARY EXEMPT PURPOSE OF THE THOROUGHBRED CLUB OF AMERICA, INC. IS TO PROMOTE, FOSTER AND ENCOURAGE CLOSER COOPERATION AND BETTER BUSINESS RELATIONS IN THE THOROUGHBRED INDUSTRY; TO PROVIDE A FORUM FOR THE DISCUSSION AND INTERCHANGE OF IDEAS, METHODS AND INFORMATION RELATING TO BREEDING, RACING AND MARKETING OF THOROUGHBRED HORSES AND TO ENCOURAGE PUBLIC INTEREST THEREIN; TO GATHER AND DISSEMINATE SUCH KNOWLEDGE AND INFORMATION PERTAINING TO THE BREEDING, RAISING AND RACING OF THOROUGHBRED HORSES IN OF INTEREST AND VALUE TO PERSONS HAVING A COMMON INTEREST THEREIN; TO ENDEAVOR IN EVERY PROPER AND LAWFUL WAY TO PROMOTE BETTER BUSINESS CONDITIONS IN THE INDUSTRY.
Activities or mission (Part I)
TO PROMOTE, FOSTER AND ENCOURAGE BETTER BUSINESS RELATIONS IN THE THOROUGHBRED INDUSTRY
-
CLUB RESTAURANT - CLUB PROVIDES RESTAURANT SERVICES FOR ITS MEMBERS CONVENIENCE WHILE ATTENDING RACING AND OTHER THOROUGHBRED INDUSTRY EVENTS AT KEENELAND.
Expenses $2,165,693 · Revenue $1,851,695
-
TESTIMONIAL DINNER - DINNER TO HONOR A SPECIAL GUEST WHO MADE AN OUTSTANDING CONTRIBUTION TO THE THOROUGHBRED INDUSTRY.
Expenses $37,630 · Revenue $27,426
-
HISTORICAL LIBRARY - THE CLUB PROVIDES TO ITS MEMBERS AN EXTENSIVE HISTORICAL LIBRARY FOR THEIR USE IN THOROUGHBRED HORSE RESEARCH.
As filed on the 2025 return.
Listed in Part VII
-
Laura Gardner
General Manager
- Total calculated
- $175,769
- From this org
- $175,769
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,769
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $175,769
-
W CHAPMAN HOPKINS
President
- Total calculated
- $0
- Hours/week
- 1
-
JOE MILLER
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
MEG LEVY
Director
- Total calculated
- $0
- Hours/week
- 1
-
ROSEMARY HUNDLEY
Director
- Total calculated
- $0
- Hours/week
- 1
-
LYNN HANCOCK
Director
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN SPECKERT
Sergeant-At-Arm
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN BUNNING
Director
- Total calculated
- $0
- Hours/week
- 1
-
BERNARD SAMS JR
Director
- Total calculated
- $0
- Hours/week
- 1
-
CHARLES H BODEN
Past President
- Total calculated
- $0
- Hours/week
- 1
-
BRYAN SCHNABEL
Director
- Total calculated
- $0
- Hours/week
- 1
-
LESLEY HOWARD
Director
- Total calculated
- $0
- Hours/week
- 1
-
JIMMY LANFORD
Secr.-Treas
- 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. 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
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
- 2025
- Filed
- 13 March 2026
- IRS schema version
- 2025v4.0
- Source object
- 202600729349301570
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