Indiana Horsemen's Benevolent & Protective Association Inc
The association's mission is to promote, develop and improve the horse racing industry in Indiana. The association's motto is: "we are horsemen helping horsemen."
Indiana Horsemen's Benevolent & Protective Association Inc at a glance
In short: Indiana Horsemen's Benevolent & Protective Association Inc gave $96K across 4 grants in 2025 (avg $24K), mostly in Kentucky. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $96,000
- +6.7% vs 2024
- Grants made (2025)
- 4
- +33.3% vs 2024
- Average grant
- $24,000
- -20.0% vs 2024
- Median grant
- $30,000
- Total assets
- $1,322,927
- +0.8% vs 2024
- Primary geography
- Kentucky (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Indiana Horsemen's Benevolent & Protective Association Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Tri-State Thoroughbred Rehab and Re ($30K). Together the top 4 received $96K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 16 grants of 16 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Indiana Horsemen's Benevolent & Protective Association Inc gives
- Giving grew 20% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $65K (2021) to $100K (2023). In 2025 it made 4 grants totaling $96K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Tri-State Thoroughbred Rehab and Re Florence, KY | Horse Retirement | $30,000 |
| Second Stride Inc Crestwod, KY | Horse Retirement | $30,000 |
| New Vocations Racehorse Adoption PR Lexington, KY | Horse Retirement | $30,000 |
| Racing Medication & Testing Consort Lexington, KY | Equine Research | $6,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,322,927 | $1,636,023 | $1,650,229 | $96,000 | 4 | $16,995 |
| 2024 | $1,312,803 | $1,565,822 | $1,641,920 | $90,000 | 3 | $23,413 |
| 2023 | $1,382,342 | $1,580,285 | $1,528,347 | $100,000 | 3 | $10,342 |
| 2022 | $1,343,101 | $1,637,366 | $1,369,220 | $80,000 | 3 | $392 |
| 2021 | $1,082,083 | $1,583,236 | $1,273,066 | $65,000 | 3 | $1 |
| 2020 | $746,247 | $1,052,165 | $1,073,674 | $80,000 | 4 | $-3,656 |
| 2019 | $788,710 | $1,349,077 | $1,305,063 | $85,000 | 5 | $7 |
About Indiana Horsemen's Benevolent & Protective Association Inc
Based on IRS filings
Indiana Horsemen's Benevolent & Protective Association Inc is a public charity, based in Fairland, IN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 4 grants totaling $96K. Net investment income was $17K.
Leadership & Key People
Officers and directors from IRS filings
Indiana Horsemen's Benevolent & Protective Association Inc is led by Joe Davis, President on every filing since 2019; 2 of 13 officers listed in 2025 are compensated.
Officers on the 2025 filing
Joe Davis
President
On filings since 2019
15 hrs/week
No compensation reported
Mike Lauer
Director
Director → 2nd Vice President, 2021
2nd Vice President → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Penny Lauer
Director
On filings since 2019
2 hrs/week
No compensation reported
Ron McKay
Director
On filings since 2019
2 hrs/week
No compensation reported
Antonio Duran
Director
On filings since 2021
2 hrs/week
No compensation reported
Aaron West
Director
On filings since 2024
2 hrs/week
No compensation reported
Austin Nicks
Director
On filings since 2024
2 hrs/week
No compensation reported
Mike Weaver
Director
On filings since 2024
2 hrs/week
No compensation reported
Sharon Holden
Director
On filings since 2024
2 hrs/week
No compensation reported
Lisa E. Stephens
Benevolence
On filings since 2019
40 hrs/week
$63K (2019) → $86K (2025)
Timothy D. Glyshaw
Executive Di
On filings since 2024
40 hrs/week
$102K (2024) → $116K (2025)
Kathryn Kunz-Duran
1st Vice President
On filings since 2019
2 hrs/week
No compensation reported
Randy Klopp
2nd Vice President
Director → 2nd Vice President, 2024
On filings since 2019
2 hrs/week
No compensation reported
Former officers (11)
- Former: Brian J. Elmore (2019–2024) — Executive Director
- Former: Cynthia Gastel (2021–2023) — Director
- Former: Jay Holden (2021–2023) — Director
- Former: Scott Mullins (2021–2023) — Director
- Former: Chris Walsh (2022–2023) — Director
- Former: Tim Clary (2021) — Director
- Former: Anthony Granitz (2019–2020) — Director
- Former: Blaine Davidson (2019–2020) — Director
- Former: Marvin Johnson (2019–2020) — 2nd Vice President
- Former: Neil McCrary (2019–2020) — Director
- Former: Tianna Richardville (2019–2020) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $116K, to Timothy D Glyshaw (Executive Di). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Indiana Horsemen's Benevolent & Protective Association Inc
How much does Indiana Horsemen's Benevolent & Protective Association Inc give each year?
Indiana Horsemen's Benevolent & Protective Association Inc gave $96K across 4 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $90K across 3 grants.
What is Indiana Horsemen's Benevolent & Protective Association Inc's typical grant size?
Indiana Horsemen's Benevolent & Protective Association Inc's median grant in 2025 was $30,000, and its average grant was $24,000, across 4 grants on its 2025 IRS Form 990.
Where does Indiana Horsemen's Benevolent & Protective Association Inc give grants?
Indiana Horsemen's Benevolent & Protective Association Inc gives mostly in Kentucky: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Lexington, KY (2 grants).
Does Indiana Horsemen's Benevolent & Protective Association Inc give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Indiana Horsemen's Benevolent & Protective Association Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Horse Retirement" (3 grants).
How large is Indiana Horsemen's Benevolent & Protective Association Inc?
Indiana Horsemen's Benevolent & Protective Association Inc reported $1.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.6M.
What is Indiana Horsemen's Benevolent & Protective Association Inc's EIN?
Indiana Horsemen's Benevolent & Protective Association Inc's EIN (Employer Identification Number) is 31-1390231. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS August 25, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 23, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 30, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 16, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 14, 2025)
- Updated Form 990 for fiscal year 2019 (received by the IRS August 26, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS August 26, 2026)
- IRS filings on file for fiscal years 2019–2024
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Figures come from Indiana Horsemen's Benevolent & Protective Association Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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