Indiana Horsemen's Benevolent & Protective Association Inc logo

Indiana Horsemen's Benevolent & Protective Association Inc

501(c)(6) organization Fairland, IN EIN: 31-1390231 Website

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."

Key facts about Indiana Horsemen's Benevolent & Protective Association Inc

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.

EIN
31-1390231
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$96,000
Grants made (2025)
4
Average grant
$24,000
Median grant
$30,000
Total assets
$1,322,927
Primary geography
Kentucky (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$1.3M

+0.8% YoY

Annual Giving

$96K

+6.7% YoY

Grant Count

4

+33.3% YoY

Avg Grant Size

$24K

-20.0% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2025 grant dollars across all 4 itemized grants.

Cities

LexingtonFlorenceElmhurstBurlingtonCrestwodElmurstIndianapolisLaura

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K5 grants2019 4 grants2020 3 grants2021 3 grants2022 3 grants2023 3 grants2024 4 grants2025

From 2019 to 2025, annual grant giving ranged from $65K (2021) to $100K (2023). In 2025 it made 4 grants totaling $96K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Tri-State Thoroughbred Rehab and Re: $30KTri-State Thoroughbred Rehaband Re$30KSecond Stride Inc: $30KSecond Stride Inc$30KNew Vocations Racehorse Adoption PR: $30KNew Vocations RacehorseAdoption PR$30KRacing Medication & Testing Consort: $6KRacing Medication & TestingConsort$6K

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

16<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 16 grants of 16 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Tri-State Thoroughbred Rehab and Re Florence, KYHorse Retirement$30,000
Second Stride Inc Crestwod, KYHorse Retirement$30,000
New Vocations Racehorse Adoption PR Lexington, KYHorse Retirement$30,000
Racing Medication & Testing Consort Lexington, KYEquine Research$6,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M$2M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,322,927$1,312,803$1,382,342
Revenue$1,636,023$1,565,822$1,580,285
Expenses$1,650,229$1,641,920$1,528,347
Net Investment Income$16,995$23,413$10,342

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS August 25, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS August 23, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS August 30, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS August 16, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS October 14, 2025)
  6. Updated Form 990 for fiscal year 2019 (received by the IRS August 26, 2020)
  7. Added Form 990 for fiscal year 2025 (received by the IRS August 26, 2026)
  8. IRS filings on file for fiscal years 2019–2024

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

Timothy D Glyshaw — Executive Di: $116KTimothy D GlyshawExecutive Di$116KLisa E Stephens — Benevolence: $86KLisa E StephensBenevolence$86K

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.

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

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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