KENTUCKY THOROUGHBRED ASSOCIATION INC

EIN 61-1034871 LEXINGTON, KY

Revenue 2024: $1,323,940
Expenses 2024: $873,364

Program services were 65.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection: 06
Classification: 2000
Street: 4079 IRON WORKS PKWY

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

TO ADVERTISE, FOSTER AND PROMOTE THE THOROUGHBRED HORSE INDUSTRY IN THE COMMONWEALTH OF KENTUCKY

Activities or mission (Part I)

TO ADVERTISE, FOSTER AND PROMOTE THE THOROUGHBRED HORSE INDUSTRY

KTA PROMOTED THE THOROUGHBRED HORSE INDUSTRY AND, IN GENERAL, ASSISTED, PROMOTED, AND ENCOURAGED COOPERATIVE EFFORT AMONG RACETRACKS, TRAINERS, AND OWNERS FOR THE BENEFIT OF THE INDUSTRY.

Expenses $569,205 · Grants $121,998 · Revenue $840,396

As filed on the 2024 return.

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.

BILL DAUGHERTY

PRESIDENT

Total calculated

$0

Hours/week

1 + 1 related
NED TOFFEY

VICE PRESIDENT

Total calculated

$0

Hours/week

1 + 1 related
WALKER HANCOCK

SECRETARY

Total calculated

$0

Hours/week

1 + 1 related
DERMOT RYAN

TREASURER

Total calculated

$0

Hours/week

1 + 1 related
J E STEPHEN HORN

ASSISTANT TREASURER

Total calculated

$0

Hours/week

1 + 1 related
MICHAEL BANAHAN

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
CONRAD BANDOROFF

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
D WHITWORTH BECKMAN

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
PRICE BELL

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
CRAIG BROGDEN

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
STUART E BROWN II DVM

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
KELSEY DANNER

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
THOMAS DRURY JR

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
FERGUS GALVIN

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
ROWLAND HANCOCK

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
AUSTIN LUTTRELL

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
PAUL J MCGEE

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
DR NATANYA NIEMAN

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
NEIL PESSIN

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
KIM SMITH

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
MICHAEL J SNYDER

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
JEFFERY D THORNBURY

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
CHRISTOPHER L BAKER

DIRECTOR EMERITUS

Total calculated

$0

Hours/week

1 + 1 related
CLIFFORD BARRY

DIRECTOR EMERITUS

Total calculated

$0

Hours/week

1 + 1 related
JAMES G BELL

DIRECTOR EMERITUS

Total calculated

$0

Hours/week

1 + 1 related

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

2024

Revenue

$1,323,940

Expenses

$873,364

Contributions

$0

Grants paid

$121,998
2023

Revenue

$842,249

Expenses

$860,243

Contributions

$0

Grants paid

$51,386
2022

Revenue

$758,534

Expenses

$714,593

Contributions

$0

Grants paid

$51,500

Tax year	Revenue	Expenses	Contributions	Grants paid
2024	$1,323,940	$873,364	$0	$121,998
2023	$842,249	$860,243	$0	$51,386
2022	$758,534	$714,593	$0	$51,500

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

$761,042

Expenses

$816,044

Assets (EOY)

$923,428
2020 · 990

Revenue

$677,107

Expenses

$690,991

Assets (EOY)

$1,193,221
2019 · 990

Revenue

$493,899

Expenses

$563,008

Assets (EOY)

$1,130,443
2018 · 990

Revenue

$541,643

Expenses

$522,735

Assets (EOY)

$1,263,000
2017 · 990

Revenue

$522,727

Expenses

$492,943

Assets (EOY)

$1,339,317
2016 · 990

Revenue

$387,603

Expenses

$333,202

Assets (EOY)

$1,295,979
2015 · 990

Revenue

$378,079

Expenses

$328,821

Assets (EOY)

$1,208,233
2014 · 990

Revenue

$349,296

Expenses

$334,605

Assets (EOY)

$1,251,173
2013 · 990

Revenue

$392,801

Expenses

$421,097

Assets (EOY)

$1,282,972
2011 · 990

Revenue

not reported

Expenses

$280,552

Assets (EOY)

$1,131,582

Tax year	Form	Revenue	Expenses	Assets (EOY)
2021	990	$761,042	$816,044	$923,428
2020	990	$677,107	$690,991	$1,193,221
2019	990	$493,899	$563,008	$1,130,443
2018	990	$541,643	$522,735	$1,263,000
2017	990	$522,727	$492,943	$1,339,317
2016	990	$387,603	$333,202	$1,295,979
2015	990	$378,079	$328,821	$1,208,233
2014	990	$349,296	$334,605	$1,251,173
2013	990	$392,801	$421,097	$1,282,972
2011	990	not reported	$280,552	$1,131,582

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

DEMOCRATIC GOVERNORS ASSOCIATION

$40,000

2023 SUPPORT FOR ISSUES RELATED TO THE THOROUGHBRED HORSE INDUSTRY
THE FOUNDATION FOR THE HORSE

$37,500

2024 PROGRAM SUPPORT
DEMOCRATIC GOVERNORS ASSOCIATION

$35,000

2022 SUPPORT FOR ISSUES RELATED TO THE THOROUGHBRED HORSE INDUSTRY
DEMOCRATIC GOVERNORS ASSOCIATION

$10,000

2024 SUPPORT FOR ISSUES RELATED TO THE THOROUGHBRED HORSE INDUSTRY
RACING MEDICATION AND TESTING CONSORTIUM INC

$10,000

2022 TO SUPPORT THE MISSION TO FUND RESEARCH, DEVELOP AND PROMOTE POLICY RECOMMENDATIONS, AND EDUCATE ON HORSE RACING SAFETY AND INTEGRITY.

Where these grants went next →

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

KENTUCKY THOROUGHBRED OWNERS AND BREEDERS INC

501(C)(6) · ADVERTISE, FOSTER & PROMOTE THE THOROUGHBRED HORSE INDUSTRY IN KENTUCKY · KY
KENTUCKY THOROUGHBRED BUILDING INC

501(C)(2) · OWN AND LEASE BUILDING FOR EQUINE RELATED TAX-EXEMPT ENTITIES · KY
KENTUCKY THOROUGHBRED OWNERS AND BREEDERS FOUNDATION INC

501(C)(3) · SUPPORT AND FUND EQUINE RESEARCH · KY

Declared as related by

KENTUCKY THOROUGHBRED OWNERS AND BREEDERS INC

On its 2024 return
KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC

On its 2024 return
KENTUCKY THOROUGHBRED BUILDING INC

On its 2024 return

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

Not present in the most recent drop.

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.