Kentucky Horsemans Benevolent And Protective Association Inc

Organization Overview

Kentucky Horsemans Benevolent And Protective Association Inc is located in Louisville, KY. The organization was established in 1992. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Kentucky Horsemans Benevolent And Protective Association Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Horsemans Benevolent And Protective Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Kentucky Horsemans Benevolent And Protective Association Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTION OF THOROUGHBRED HORSE- RACING AND REPRESENTATION OF ALL HORSEMEN'S INTERESTS (SCHEDULE O) AND PROPERTY RIGHTS IN DEALING WITH RACING ASSOCIATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTION OF THOROUGHBRED HORSERACING AND REPRESENTATION OF HORSEMEN'S INTERESTS AND PROPERTY RIGHTS IN DEALING WITH RACING ASSOCIATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Martin A Maline
Executive Director
$177,238
Rick Hiles
President
$44,160
John D Griffith
Treasurer
$33,054
Dale Romans
Vice President
$0
Frank Jones Jr
Vice President
$0
Michael J Bruder
Director
$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$1,511,535
Investment income $10,878
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$2,113
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,522,291

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