Kentucky Thoroughbred Association Inc

501(c)(6) organization Lexington, KY EIN: 61-1034871

To advertise, foster and promote the thoroughbred horse industry in the commonwealth of Kentucky

Kentucky Thoroughbred Association Inc at a glance

In short: Kentucky Thoroughbred Association Inc gave $48K across 2 grants in 2025 (avg $24K), mostly in Kentucky. Source: 2025 IRS Form 990.

Annual giving (2025)
$47,500
+18.8% vs 2024
Grants made (2025)
2
+100.0% vs 2024
Average grant
$23,750
-40.6% vs 2024
Median grant
$23,750
Total assets
$897,478
+5.2% vs 2024
Primary geography
Kentucky (79% of itemized 2025 grant dollars)
Latest 990 filing
Form 990, 2025 View filing

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

Who Kentucky Thoroughbred Association Inc funds

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

The Foundation for the Horse: $38KThe Foundation for the Horse$38KDemocratic Governors Association: $10KDemocratic GovernorsAssociation$10K

The largest 2025 recipient was The Foundation for the Horse ($38K). Together the top 2 received $48K.

Grant Size Distribution

9 grants across all recorded years

9<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 9 grants of 9 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2025 grant dollars across all 2 itemized grants.

Cities

WashingtonLexingtonElizabethtownLouisville

How Kentucky Thoroughbred Association Inc gives

  • Giving grew 217% 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

$0$20K$40K$60K3 grants2021 1 grant2022 2 grants2023 1 grant2024 2 grants2025

From 2021 to 2025, annual grant giving ranged from $15K (2022) to $48K (2025). In 2025 it made 2 grants totaling $48K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
The Foundation for the Horse Lexington, KYProgram Support$37,500
Democratic Governors Association Washington, DCSupport for issues related to the thoroughbred horse industry$10,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsNet Investment Income
2025$897,478$1,323,940$873,364$47,5002$483,544
2024$852,998$842,249$860,243$40,0001$42,107
2023$920,969$758,534$714,593$45,0002$10,080
2022$923,428$761,042$816,044$15,0001$8,732
2021$1,193,221$677,107$690,991$45,0383$8,302

About Kentucky Thoroughbred Association Inc

Based on IRS filings

Kentucky Thoroughbred Association Inc is a public charity, 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.

Leadership & Key People

Officers and directors from IRS filings

Kentucky Thoroughbred Association Inc is led by Chauncey Morris, Executive Director on every filing since 2021; 1 of 38 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Chauncey Morris

    Executive Director

    On filings since 2021

    20 hrs/week

    $112K (2021) → $130K (2025)

  • Bill Daugherty

    President

    Director → Secretary, 2024

    Secretary → President, 2025

    On filings since 2022

    1 hr/week

    No compensation reported

  • Paul J. McGee

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Price Bell

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Stuart E. Brown Ii Dvm

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Kim Smith

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Natanya Nieman

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Fergus Galvin

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Michael Banahan

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Neil Pessin

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Thomas Drury Jr.

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Jeffery D. Thornbury

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Austin Luttrell

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Conrad Bandoroff

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Craig Brogden

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • D. Whitworth Beckman

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Kelsey Danner

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Michael J. Snyder

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Rowland Hancock

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Braxton Lynch

    Director Emeritus

    President → Past President, 2022

    Past President → Director Emeritus, 2024

    On filings since 2021

    1 hr/week

    No compensation reported

  • Christopher L. Baker

    Director Emeritus

    Secretary → President, 2024

    President → Director Emeritus, 2025

    On filings since 2021

    1 hr/week

    No compensation reported

  • Dermot Ryan

    Treasurer

    On filings since 2021

    1 hr/week

    No compensation reported

  • Joseph Seitz

    Director Emeritus

    Vice President → President, 2022

    President → Director Emeritus, 2024

    On filings since 2021

    1 hr/week

    No compensation reported

  • Walker Hancock

    Secretary

    Director → Vice President, 2022

    Vice President → Secretary, 2025

    On filings since 2021

    1 hr/week

    No compensation reported

  • Clifford Barry

    Director Emeritus

    On filings since 2022

    1 hr/week

    No compensation reported

  • Don M. Robinson

    Director Emeritus

    On filings since 2022

    1 hr/week

    No compensation reported

  • Frank Penn Jr.

    Director Emeritus

    On filings since 2022

    1 hr/week

    No compensation reported

  • Frederick J. Seitz

    Director Emeritus

    On filings since 2022

    1 hr/week

    No compensation reported

  • Garrett O'Rourke

    Director Emeritus

    On filings since 2022

    1 hr/week

    No compensation reported

  • James G. Bell

    Director Emeritus

    On filings since 2022

    1 hr/week

    No compensation reported

  • Neil Howard

    Director Emeritus

    On filings since 2022

    1 hr/week

    No compensation reported

  • R. Eric Waldman

    Director Emeritus

    On filings since 2022

    1 hr/week

    No compensation reported

  • William Ls Landes III

    Director Emeritus

    On filings since 2022

    1 hr/week

    No compensation reported

  • Ned Toffey

    Vice President

    Director → Vice President, 2025

    On filings since 2023

    1 hr/week

    No compensation reported

  • R. Alex Rankin

    Director Emeritus

    On filings since 2023

    1 hr/week

    No compensation reported

  • J. E. Stephen Horn

    Assistant Treasurer

    On filings since 2024

    1 hr/week

    No compensation reported

  • Dell Hancock

    Director Emeritus

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Pope McLean Jr.

    Director Emeritus

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (23)
  • Former: Anne Archer Hinkle (2021–2024) — Director
  • Former: Craig Bandoroff (2021–2024) — Director
  • Former: James E. Baker (2021–2024) — Director
  • Former: Patrick Costello (2021–2024) — Director
  • Former: Darrell Brown (2022–2024) — Director Emeritus
  • Former: T. Wayne Sweezey (2022–2024) — Director
  • Former: Waddell W. Hancock II (2022–2024) — Director Emeritus
  • Former: Jeffrey D. Thornbury (2021–2023) — Director
  • Former: L. Pope McLean Jr. (2021–2023) — Assistant Treasurer
  • Former: Ben Haggin (2021–2022) — Director
  • Former: Callan J. Strouss (2021–2022) — Director
  • Former: Charles Lopresti (2021–2022) — Director
  • Former: Darren Fox (2021–2022) — Director
  • Former: Elizabeth Crow (2021–2022) — Director
  • Former: Hutton Goodman (2021–2022) — Director
  • Former: Jackie Smith (2021–2022) — Assistant Treasurer
  • Former: Philip Bauer (2021–2022) — Director
  • Former: Reeve McGaughey (2021–2022) — Director
  • Former: Ralex Rankin (2022) — Director Emeritus
  • Former: Mark Taylor (2021) — Secretary
  • Former: Natanya Nieman Dvm (2021) — Director
  • Former: Walter Hillenmeyer III (2021) — Director
  • Former: Wayne Sweezey (2021) — Director

Data from IRS Form 990 filings, 2021–2025. "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

Chauncey Morris — Executive Director: $130KChauncey MorrisExecutive Director$130K

The highest reported compensation on the 2025 filing was $130K, to Chauncey Morris (Executive Director).

Frequently asked questions about Kentucky Thoroughbred Association Inc

How much does Kentucky Thoroughbred Association Inc give each year?

Kentucky Thoroughbred Association Inc gave $48K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $40K across 1 grant.

How large is Kentucky Thoroughbred Association Inc?

Kentucky Thoroughbred Association Inc reported $897K in total assets on its 2025 IRS Form 990. Its revenue that year was $1.3M.

Where does Kentucky Thoroughbred Association Inc operate?

Kentucky Thoroughbred Association Inc has awarded grants in District of Columbia, Kentucky.

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.

Data last updated September 2026. Sourced from IRS Form 990 filings.

Data update history

(6)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2021 (received by the IRS November 10, 2021)
  2. Updated Form 990 for fiscal year 2022 (received by the IRS November 7, 2022)
  3. Updated Form 990 for fiscal year 2023 (received by the IRS October 13, 2023)
  4. Updated Form 990 for fiscal year 2024 (received by the IRS November 6, 2024)
  5. Updated Form 990 for fiscal year 2025 (received by the IRS November 5, 2025)
  6. IRS filings on file for fiscal years 2021–2025

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

Figures come from Kentucky Thoroughbred 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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