Kentucky Thoroughbred Association Inc
TO ADVERTISE, FOSTER AND PROMOTE THE THOROUGHBRED HORSE INDUSTRY IN THE COMMONWEALTH OF KENTUCKY
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$897K
+5.2% YoY
Annual Giving
$48K
+18.8% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$24K
-40.6% YoY
About Kentucky Thoroughbred Association Inc
Based on IRS filings
Kentucky Thoroughbred Association Inc is a nonprofit organization, based in LEXINGTON, KY. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $897K in total assets. In 2025, it awarded 2 grants totaling $48K. Net investment income was $484K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $897,478 | $852,998 | $920,969 |
| Revenue | $1,323,940 | $842,249 | $758,534 |
| Expenses | $873,364 | $860,243 | $714,593 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $483,544 | $42,107 | $10,080 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include The Foundation for the Horse ($37,500), Democratic Governors Association ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DEMOCRATIC GOVERNORS ASSOCIATION WASHINGTON, DC | SUPPORT FOR ISSUES RELATED TO THE THOROUGHBRED HORSE INDUSTRY | $10,000 |
| THE FOUNDATION FOR THE HORSE LEXINGTON, KY | PROGRAM SUPPORT | $37,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BILL DAUGHERTY | PRESIDENT | 1 | — |
| NED TOFFEY | VICE PRESIDENT | 1 | — |
| WALKER HANCOCK | SECRETARY | 1 | — |
| DERMOT RYAN | TREASURER | 1 | — |
| J E STEPHEN HORN | ASSISTANT TREASURER | 1 | — |
| MICHAEL BANAHAN | DIRECTOR | 1 | — |
| CONRAD BANDOROFF | DIRECTOR | 1 | — |
| D WHITWORTH BECKMAN | DIRECTOR | 1 | — |
| PRICE BELL | DIRECTOR | 1 | — |
| CRAIG BROGDEN | DIRECTOR | 1 | — |
| STUART E BROWN II DVM | DIRECTOR | 1 | — |
| KELSEY DANNER | DIRECTOR | 1 | — |
| THOMAS DRURY JR | DIRECTOR | 1 | — |
| FERGUS GALVIN | DIRECTOR | 1 | — |
| ROWLAND HANCOCK | DIRECTOR | 1 | — |
| AUSTIN LUTTRELL | DIRECTOR | 1 | — |
| PAUL J MCGEE | DIRECTOR | 1 | — |
| DR NATANYA NIEMAN | DIRECTOR | 1 | — |
| NEIL PESSIN | DIRECTOR | 1 | — |
| KIM SMITH | DIRECTOR | 1 | — |
| MICHAEL J SNYDER | DIRECTOR | 1 | — |
| JEFFERY D THORNBURY | DIRECTOR | 1 | — |
| CHRISTOPHER L BAKER | DIRECTOR EMERITUS | 1 | — |
| CLIFFORD BARRY | DIRECTOR EMERITUS | 1 | — |
| JAMES G BELL | DIRECTOR EMERITUS | 1 | — |
| DELL HANCOCK | DIRECTOR EMERITUS | 1 | — |
| NEIL HOWARD | DIRECTOR EMERITUS | 1 | — |
| WILLIAM LS LANDES III | DIRECTOR EMERITUS | 1 | — |
| BRAXTON LYNCH | DIRECTOR EMERITUS | 1 | — |
| POPE MCLEAN JR | DIRECTOR EMERITUS | 1 | — |
| GARRETT O'ROURKE | DIRECTOR EMERITUS | 1 | — |
| FRANK PENN | DIRECTOR EMERITUS | 1 | — |
| R ALEX RANKIN | DIRECTOR EMERITUS | 1 | — |
| DON M ROBINSON | DIRECTOR EMERITUS | 1 | — |
| FREDERICK J SEITZ | DIRECTOR EMERITUS | 1 | — |
| JOSEPH SEITZ | DIRECTOR EMERITUS | 1 | — |
| R ERIC WALDMAN | DIRECTOR EMERITUS | 1 | — |
| CHAUNCEY MORRIS | EXECUTIVE DIRECTOR | 20 | $130,363 |
Frequently Asked Questions
How large is Kentucky Thoroughbred Association Inc?
As of 2025, Kentucky Thoroughbred Association Inc holds $897K in total assets with $1.3M in annual revenue. It awarded 2 grants totaling $48K in 2025.
Where does Kentucky Thoroughbred Association Inc operate?
Kentucky Thoroughbred Association Inc has awarded grants in District of Columbia, Kentucky.
What size grants does Kentucky Thoroughbred Association Inc award?
In 2025, Kentucky Thoroughbred Association Inc awarded 2 grants totaling $48K — an average of about $24K per grant, based on its IRS Form 990 filings.
What is Kentucky Thoroughbred Association Inc's EIN?
Kentucky Thoroughbred Association Inc's EIN (Employer Identification Number) is 61-1034871. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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