Skip to content
Nonprofiteer
← NATIONAL THOROUGHBRED RACING

Form 990 for tax year 2023

Filed by NATIONAL THOROUGHBRED RACING.

Totals

Total revenue
$9,207,699
Total expenses
$9,931,515
Contributions and grants received
$1,809,999
Grants paid
$0
Program service revenue
$6,249,838
Investment income
$450,045
Other revenue
$697,817
Total assets, end of year
$18,145,577
Total liabilities, end of year
$3,903,470
Net assets or fund balances, end of year
$14,242,107
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.

  • 1b · Membership dues

    $1,809,999

  • 2a · Program service revenue: NATIONAL PROGRAMS

    total $6,249,838 · related or exempt $6,249,838

  • 3 · Investment income

    total $494,974 · unrelated business $421,263 · excluded $73,711

  • 7a · Gross sales of assets other than inventory

    securities $1,313,444

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

    securities $1,358,373

  • 7c · Gain or loss

    securities -$44,929

  • 7d · Net gain or loss

    total -$44,929 · excluded -$44,929

  • 11a · Other revenue: OTHER INCOME

    total $697,817 · excluded $697,817

  • 11e · Other revenue, total

    $697,817

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $834,289

  • 7 · Other salaries and wages

    total $955,067

  • 8 · Pension plan contributions

    total $32,843

  • 9 · Other employee benefits

    total $125,061

  • 10 · Payroll taxes

    total $116,796

  • 11b · Fees: legal

    total $66,148

  • 11c · Fees: accounting

    total $58,230

  • 11d · Fees: lobbying

    total $500,000

  • 11g · Fees: other

    total $142,580

  • 12 · Advertising and promotion

    total $37,332

  • 13 · Office expenses

    total $115,309

  • 14 · Information technology

    total $144,585

  • 16 · Occupancy

    total $181,320

  • 17 · Travel

    total $280,927

  • 19 · Conferences, conventions and meetings

    total $10,138

  • 20 · Interest

    total $1,419

  • 22 · Depreciation, depletion and amortization

    total $51,036

  • 23 · Insurance

    total $96,493

  • 24a · Other expenses: NATIONAL MARKETING PROG

    total $5,890,808

  • 24b · Other expenses: LEGISLATIVE PROGRAMS

    total $143,065

  • 24c · Other expenses: OTHER

    total $100,809

  • 24d · Other expenses: BAD DEBT

    total $35,626

  • 24e · All other expenses

    total $11,634

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,982,264 · end of year $2,469,892

  • 2 · Savings and temporary cash investments

    beginning of year $62,635 · end of year $1,405,087

  • 4 · Accounts receivable

    beginning of year $611,412 · end of year $740,537

  • 7 · Other notes and loans receivable

    beginning of year $9,616,804 · end of year $8,966,013

  • 9 · Prepaid expenses and deferred charges

    beginning of year $447,519 · end of year $565,520

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

    $749,290

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

    $701,152

  • 10c · Land, buildings and equipment, net

    beginning of year $99,174 · end of year $48,138

  • 11 · Investments: publicly traded securities

    beginning of year $1,639,684 · end of year $1,900,915

  • 12 · Investments: other securities

    beginning of year $1,155,325 · end of year $1,155,325

  • 15 · Other assets

    beginning of year $1,075,261 · end of year $894,150

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,498,888 · end of year $2,591,435

  • 19 · Deferred revenue

    beginning of year $579,460 · end of year $551,969

  • 25 · Other liabilities

    beginning of year $894,645 · end of year $760,066

  • 27 · Net assets without donor restrictions

    beginning of year $14,717,085 · end of year $14,242,107

Mission and programs · 2023

Mission

THE NTRA IS A BROADLY DEFINED MEMBERSHIP ASSOCIATION THAT IS CHARGED WITH INCREASING THE POPULARITY, WELFARE AND INTEGRITY OF THOROUGHBRED RACING.

Activities or mission (Part I)

1. THE NTRA IS A BROADLY DEFINED MEMBERSHIP ASSOCIATION CHARGED WITH INCREASING THE POPULARITY, WELFARE AND INTEGRITY OF THOROUGHBRED BREEDING AND RACING.

  • THE NTRA'S FEDERAL LEGISLATIVE ADVOCACY TEAM ADDRESSES ISSUES THAT HAVE A DIRECT AND MATERIAL IMPACT ON THOROUGHBRED INDUSTRY PARTICIPANTS AND THEIR BUSINESS ACTIVITIES, WHETHER THOSE ACTIVITIES RELATE TO RACING, BREEDING OR PARI-MUTUEL WAGERING.THE LEGISLATIVE TEAM HAS SECURED PASSAGE OF LEGISLATION TO LEGALIZE ONLINE PARI-MUTUEL WAGERING UNDER THE INTERSTATE HORSERACING ACT. THE TEAM FOR MORE THAN A DECADE ADVOCATED FOR AND EVENTUALLY SECURED CHANGES TO THE TAX CODE THAT MODERNIZED IRS REGULATIONS RELATING TO THE REPORTING AND WITHHOLDING OF PARI-MUTUEL WINNINGS. THE TEAM WORKS ON AN ONGOING BASIS TO SECURE FAVORABLE TAX REFORM DESIGNED TO STIMULATE INVESTMENT IN THOROUGHBRED BLOODSTOCK. OTHER FEDERAL LEGISLATIVE TARGETS INCLUDE IMMIGRATION AND SPORTS BETTING.

  • THE NTRA REACHES ITS TWO PRIMARY CONSTITUENCIES-RACING CUSTOMERS AND INDUSTRY STAKEHOLDERSTHROUGH A COMBINATION OF PAID, EARNED AND SOCIAL MEDIA.THE NTRA'S MOST POPULAR PROMOTION IS THE NATIONAL HORSEPLAYERS CHAMPIONSHIP (NHC), WITH PRIZE MONEY AND AWARDS TOTALING MORE THAN $3.5 MILLION. THE NHC IS HELD EACH FEBRUARY IN LAS VEGAS, NV.THE NTRA OWNS AND PRODUCES THE ECLIPSE AWARDS, WHICH ANNUALLY RECOGNIZES HUMANS AND EQUINES FOR THEIR CHAMPIONSHIP PERFORMANCES IN NORTH AMERICA.BACKED BY 55 RACETRACKS, ALL MAJOR HORSEMEN'S GROUPS, AND MANY OTHER INDUSTRY STAKEHOLDER ORGANIZATIONS, THE NTRA IN 2009 FORMED THE SAFETY AND INTEGRITY ALLIANCE TO ESTABLISH AND IMPLEMENT NATIONAL STANDARDS AND REFORMS RELATING TO SAFETY, INTEGRITY AND THE WELFARE OF THE THOROUGHBRED.THROUGH A CODE OF STANDARDS AND AN ACCREDITATION PROCESS, THE ALLIANCE INSTITUTES AN EVOLVING SET OF STANDARDS RELATED TO THE FOLLOWING AREAS: 1) INJURY REPORTING AND PREVENTION; 2) A SAFER RACING ENVIRONMENT; 3) UNIFORM EQUINE MEDICATION, TESTING AND PENALTIES; 4) JOCKEY SAFETY, 5) THOROUGHBRED AFTERCARE AND 6) WAGERING INTEGRITY.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • THOMAS ROONEY

    CEO

    Total calculated
    $398,259
    From this org
    $382,578
    From related orgs
    $0
    Other
    $15,681
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $382,578
    Bonus
    $0
    Other
    $0
    Deferred
    $9,952
    Nontaxable benefits
    $5,729
    Filer's total
    $398,259

  • KEITH CHAMBLIN

    COO

    Total calculated
    $310,644
    From this org
    $297,764
    From related orgs
    $0
    Other
    $12,880
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $297,764
    Bonus
    $0
    Other
    $0
    Deferred
    $9,120
    Nontaxable benefits
    $3,760
    Filer's total
    $310,644

  • JOE APPELBAUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • DAVID O'FARRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • SHANNON ARVIN BISHOP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • DAVID O'ROURKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • LOU CELLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • MIKE ROGERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • DENNIS DRAZIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • JOSH RUBINSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • DREW FLEMING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • JUDY WAGNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • JIM GAGLIANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • JOE WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • MIKE ZIEGLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • ANDREW MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • BILL NADER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • GEORGANNA LILLY

    TREASURER

    Total calculated
    $125,386
    From this org
    $121,367
    From related orgs
    $0
    Other
    $4,019
    Hours/week
    50 + 1 related

  • FREDERICK WIDAMAN

    SENIOR VP OF NTRA ADVANTAG

    Total calculated
    $182,883
    From this org
    $0
    From related orgs
    $175,850
    Other
    $7,033
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,850 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,595 related
    Nontaxable benefits
    $0 + $2,438 related
    Filer's total
    $0 + $182,883 related

  • MEGHAN RODGERS

    SENIOR VP OF COMMUNICATION

    Total calculated
    $193,225
    From this org
    $187,458
    From related orgs
    $0
    Other
    $5,767
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $187,458
    Bonus
    $0
    Other
    $0
    Deferred
    $5,767
    Nontaxable benefits
    $0
    Filer's total
    $193,225

  • STEPHEN DRISKILL

    SR SALES DIRECTOR NTRA ADVANTAGE

    Total calculated
    $178,956
    From this org
    $0
    From related orgs
    $174,329
    Other
    $4,627
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,329 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,703 related
    Nontaxable benefits
    $0 + $924 related
    Filer's total
    $0 + $178,956 related

  • MICHELE RAVENCRAFT

    SENIOR VP OF EVENTS

    Total calculated
    $138,724
    From this org
    $131,887
    From related orgs
    $0
    Other
    $6,837
    Hours/week
    50 + 1 related

  • JORDAN BONFITTO

    DIRECTOR OF GOVERNMENT AFFAIRS

    Total calculated
    $116,333
    From this org
    $112,733
    From related orgs
    $0
    Other
    $3,600
    Hours/week
    50 + 1 related

  • TANNIS PRIMM

    SR SALES MANAGER NTRA ADVANTAGE

    Total calculated
    $132,712
    From this org
    $0
    From related orgs
    $125,328
    Other
    $7,384
    Hours/week
    50 + 1 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. 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 · Written employment contract
  • 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

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.

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.

  • NTRA CHARITIES INC

    501(C)(3) · THOROUGHBRED INDUSTRY-RELATED COMMUNITY OUTREACH, RESEARCH FUNDING · DE · controlled entity

    Directly controlled by NTRA INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EQUISOURCE LLC DBA NTRA ADVANTAGE

    C · INDUSTRY GROUP PURCHASING AGENT · KY · 100% owned · share of income $1,214,298 · share of assets $1,392,688 · controlled entity

    Directly controlled by NATIONAL THOROUGHBRED RACING ASSOCIATION

Provenance

Return type
form_990
Tax year
2023
Filed
21 January 2025
IRS schema version
2023v6.0
Source object
202530219349300108

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.