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KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC

EIN 35-2171379 LEXINGTON, KY

Revenue 2024
$670,579
Expenses 2024
$6,944

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
D99
Classification
1000
Street
4079 IRON WORKS PARKWAY

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION, INC. (KTOB FOUNDATION) SUPPORTS AND FUNDS EQUINE RESEARCH, IN PARTICULAR RESEARCH TO STUDY AND FIND A PREVENTION OR CURE TO THE CONDITION IN HORSES COMMONLY KNOWN AS MARE REPRODUCTIVE LOSS SYNDROME AND OTHER HORSE RELATED ILLNESSES WHICH HAVE PLAGUED KENTUCKY HORSE OWNERS IN RECENT YEARS.

Activities or mission (Part I)

TO SUPPORT AND FUND EQUINE RESEARCH

  • KTOB FOUNDATION MAKES GRANTS TO QUALIFIED VETERINARIANS AND SCIENTISTS OR OTHER 501(C)(3) ORGANIZATIONS TO ENABLE SUCH PERSONS OR ORGANIZATIONS TO CONDUCT THE NECESSARY MEDICAL RESEARCH TO FIND A CURE OR PREVENTION OF MRLS AND OTHER ILLNESSES RELATED TO HORSES. THE RESULTS OF THESE SCIENTIFIC STUDIES WILL BE MADE AVAILABLE TO THE GENERAL PUBLIC.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • CHRISTOPHER BAKER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • WALKER HANCOCK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BILL DAUGHERTY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DERMOT RYAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • J STEPHEN HORN

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHAUNCEY MORRIS

    EXECUTIVE DIRECTOR

    Total calculated
    $300,069
    From this org
    $0
    From related orgs
    $256,507
    Other
    $43,562
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,272 related
    Bonus
    $0 + $10,235 related
    Other
    $0
    Deferred
    $0 + $12,614 related
    Nontaxable benefits
    $0 + $30,948 related
    Filer's total
    $0 + $300,069 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $670,579
    Expenses
    $6,944
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $14,209
    Expenses
    $7,150
    Contributions
    $97
    Grants paid
    $0
  • 2022
    Revenue
    $13,399
    Expenses
    $6,222
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $17,961
    Expenses
    $7,051
    Assets (EOY)
    $506,384

  • 2020 · 990

    Revenue
    $42,718
    Expenses
    $61,017
    Assets (EOY)
    $574,939

  • 2019 · 990

    Revenue
    $30,955
    Expenses
    $4,986
    Assets (EOY)
    $446,122

  • 2018 · 990

    Revenue
    $52,339
    Expenses
    $4,503
    Assets (EOY)
    $421,987

  • 2017 · 990

    Revenue
    $13,634
    Expenses
    $254,232
    Assets (EOY)
    $373,244

  • 2016 · 990

    Revenue
    $10,185
    Expenses
    $3,769
    Assets (EOY)
    $590,356

  • 2015 · 990

    Revenue
    -$1,362
    Expenses
    $41,062
    Assets (EOY)
    $550,096

  • 2014 · 990

    Revenue
    $2,850
    Expenses
    $2,005
    Assets (EOY)
    $590,662

  • 2013 · 990

    Revenue
    $3,125
    Expenses
    $0
    Assets (EOY)
    $631,174

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $103,967
    Assets (EOY)
    $637,974

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.