Kentucky Thoroughbred Owners & Breeders Foundation Inc
- Assets
- $506.4k
- Revenue
- $18.0k
- Investments
- $98.0k
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 07/2002
- Data as of
- 06/2022
- EIN
- 35-2171379
Organization Overview
Kentucky Thoroughbred Owners & Breeders Foundation Inc is located in Lexington, KY. The organization was established in 2002. According to its NTEE Classification (D99) the organization is classified as: Animal-Related N.E.C., under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Thoroughbred Owners & Breeders Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND FUND EQUINE RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chauncey Morris Executive Director | Officer | 1 | $0 |
Dermot Ryan Treasurer | Trustee | 1 | $0 |
Joseph Seitz President | Trustee | 1 | $0 |
Christopher Baker Secretary | Trustee | 1 | $0 |
Jackie Smith Assistant Treasurer | Trustee | 1 | $0 |
Walker Hancock Vice President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $9,887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,074 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,970 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $81 |
| Total functional expenses | $7,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,892 |
| Savings and temporary cash investments | $23,659 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $381,849 |
| Investments—other securities | $97,984 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $506,384 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $506,384 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $506,384 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kentucky Thoroughbred Owners & Breeders Foundation Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Kentucky Thoroughbred Association Inc Lexington, KY PURPOSE: GRANT TO ASSIST WITH RENOVATIONS OF UK'S GLUCK EQUINE RESEARCH CENTER | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dogs On Duty Saint Peters, MO | $385,390 | $3,820,202 |
Stray Animal Adoption Program Inc Newport, KY | $473,894 | $877,914 |
Rescue One Springfield, MO | $650,476 | $1,081,705 |
Hope For Animals Inc Greenwood, VA | $87,615 | $674,870 |
Snipsociety Chicago, IL | $151,459 | $688,909 |
Old Dominion Humane Society Fredericksburg, VA | $4,505 | $464,440 |
Their Voice Rescue Delaplane, VA | $1,108,649 | $381,393 |
Addicus Legacy Dog Rescue Inc Lowell, OH | $40,462 | $361,149 |
Kitty City Memphis, TN | $395,781 | $370,937 |
Dogwood School Inc Richmond, VA | $408,000 | $319,923 |
Green River Area Beef Improvement Group Inc Owensboro, KY | $34,926 | $296,784 |
New Freedom Farm Inc Buchanan, VA | $250,812 | $293,259 |