Kentucky Horse Park Foundation Inc

Organization Overview

Kentucky Horse Park Foundation Inc is located in Lexington, KY. The organization was established in 1985. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 05/2022, Kentucky Horse Park Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Horse Park 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.

For the year ending 05/2022, Kentucky Horse Park Foundation Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.5m during the year ending 05/2022. While expenses have increased by 5.1% 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE KENTUCKY HORSE PARK FOUNDATION'S SOLE PURPOSE IS TO PROVIDE SUPPORT FOR THE KENTUCKY HORSE PARK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SUPPORT OF THE KENTUCKY HORSE PARK INVOLVES A VARIETY OF USES AND ACTIVITIES, INCLUDING, BUT NOT LIMITED TO, ANNUAL OPERATING SUPPORT, ASSISTANCE FOR EQUINE OPERATIONS AND EDUCATION, FUNDING FOR CAPITAL PROJECTS, THE PURCHASE OF HORSES AND EQUIPMENT, AND THE COMPLETION OF LANDSCAPING PROJECTS.


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Board, Officers & Key Employees

Name (title)Compensation
Kathy Meyer
Executive Director
$157,632
James Baughman
Finance Director
$0
Lulu Davis
Development Director
$0
Tawana Edwards
Grants Director
$0
Clay Green
Chair
$0
Andrew Jacobs
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$3,109
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,051,940
Noncash contributions included in lines 1a–1f $210,133
Total Revenue from Contributions, Gifts, Grants & Similar$1,055,049
Total Program Service Revenue$6,700
Investment income $173,744
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $490,245
Net Income from Fundraising Events $317,288
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,119,028

Grants Recieved

Over the last fiscal year, we have identified 27 grants that Kentucky Horse Park Foundation Inc has recieved totaling $342,514.

Awarding OrganizationAmount
W L Lyons Brown Foundation

Louisville, KY

PURPOSE: OPERATIONAL SUPPORT

$50,000
Katharine B Tierney Charitable Foundation

Bluefield, WV

PURPOSE: CHARITABLE DONATION

$35,000
Ina B Bond Ashbourne Charitable Fund

Louisville, KY

PURPOSE: SUPPORT

$35,000
Rimora Foundation

Charlottesville, VA

PURPOSE: SUPPORT KENTUCKY HORSE PARK FACILITIES/GROUNDS

$30,000
Vos Foundation

Delaplane, VA

PURPOSE: GENERAL OPERATING SUPPORT

$30,000
Rood & Riddle Foundation Inc

Lexington, KY

PURPOSE: EXPAND AND ENHANCE THE KY HORSE PARK

$28,650
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,112,671
Earnings-$680,487
Admin Expense$45,379
Net Contributions$200,511
Ending Balance$8,587,316

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