Kentucky Thoroughbred Farm Managers'
The mission of the organization is to foster cooperation and understanding among members; to provide a forum for the discussion of topics critical to our profession, which will enhance and protect our professional interest; to promote fellowship among members; to be good stewards of the land and thoroughbred industry; and to be good citizens of the community.
Kentucky Thoroughbred Farm Managers' at a glance
In short: Kentucky Thoroughbred Farm Managers' gave $55K across 8 grants in 2025 (avg $7K), mostly in Kentucky. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $55,000
- -49.8% vs 2024
- Grants made (2025)
- 8
- -38.5% vs 2024
- Average grant
- $6,875
- -18.4% vs 2024
- Median grant
- $5,000
- Total assets
- $24,401
- +435.8% 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 Kentucky Thoroughbred Farm Managers' funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Kentucky Equine Management Internship Program ($15K). Together the top 8 received $55K.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was under $50K: 43 grants of 43 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How Kentucky Thoroughbred Farm Managers' gives
- Giving fell 25% 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 2020 to 2025, annual grant giving ranged from $55K (2025) to $118K (2023). In 2025 it made 8 grants totaling $55K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Kentucky Equine Management Internship Program Lexington, KY | 2024 Benevolent Gift | $15,000 |
| Bluegrass Farms Charities Lexington, KY | 2024 Benevolent Gift | $7,500 |
| Thoroughbred Charities of America Lexington, KY | 2024 Benevolent Gift | $7,500 |
| Horse Farm Workers Educational Assist Lexington, KY | 2024 Benevolent Gift | $5,000 |
| Gluck Center Lexington, KY | 2024 Benevolent Gift | $5,000 |
| Keep Foundation Lexington, KY | 2024 Benevolent Gift | $5,000 |
| Stable Recovery Inc Lexington, KY | 2024 Benevolent Gift | $5,000 |
| Backside Learning Center Louisville, KY | 2024 Benevolent Gift | $5,000 |
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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 | $24,401 | $218,836 | $199,167 | $55,000 | 8 | $87 |
| 2024 | $4,554 | $231,759 | $238,238 | $109,500 | 13 | $165 |
| 2023 | $16,259 | $232,577 | $237,798 | $117,500 | 9 | $159 |
| 2022 | $16,311 | $212,737 | $214,784 | $73,500 | 6 | $82 |
| 2021 | $18,179 | $196,956 | $204,499 | $102,280 | 7 | $61 |
| 2020 | $25,951 | $199,592 | $165,316 | $57,500 | 5 | $58 |
About Kentucky Thoroughbred Farm Managers'
Based on IRS filings
Kentucky Thoroughbred Farm Managers' is a public charity, based in Lexington, KY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $24K in total assets. In 2025, it awarded 8 grants totaling $55K. Net investment income was $87.
Leadership & Key People
Officers and directors from IRS filings
Kentucky Thoroughbred Farm Managers' is led by John Rasmussen, President since 2025 (on filings since 2021); none of the 15 officers listed in 2025 report compensation.
Officers on the 2025 filing
John Rasmussen
President
Treasurer → Vice President, 2024
Vice President → President, 2025
On filings since 2021
No compensation reported
Ned Toffey
Director
On filings since 2022
No compensation reported
Danny Mulvihill
Director
On filings since 2024
No compensation reported
Juan Aguilar
Director
On filings since 2024
No compensation reported
Lakota Gibson
Director
On filings since 2024
No compensation reported
Andrea Callanan
Director
New on the 2025 filing
No compensation reported
Blaise Benjamin
Director
New on the 2025 filing
No compensation reported
Chase Mullins
Director
New on the 2025 filing
No compensation reported
Chelsey Stone-Stewart
Director
New on the 2025 filing
No compensation reported
Maxine Pina
Director
New on the 2025 filing
No compensation reported
Michael Hardy
Director
New on the 2025 filing
No compensation reported
Bg Hughes
Sergeant at Arms
On filings since 2022
No compensation reported
Emily Csenar
Secretary
Director → Secretary, 2024
On filings since 2022
No compensation reported
Peter Sheenan
Vice President
Director → Secretary, 2024
Secretary → Vice President, 2025
On filings since 2022
No compensation reported
Matt Lyons
Treasurer
Director → Treasurer, 2025
On filings since 2023
No compensation reported
Former officers (24)
- Former: Charles Hynes (2022–2024) — President
- Former: Ann Hayes (2023–2024) — Director
- Former: Ben Henley (2023–2024) — Director
- Former: Jenn Laidlaw (2023–2024) — Director
- Former: Josh Kerin (2023–2024) — Director
- Former: Romain Malhouitre (2023–2024) — Director
- Former: Chelsey Stone (2024) — Director
- Former: Adrian Wallace (2020–2023) — President
- Former: Molly Harris (2021–2023) — Secretary
- Former: Randy Gilbert (2022–2023) — Director
- Former: Sherri Ivanovich (2022–2023) — Director
- Former: Gerry Duffy (2020–2022) — President
- Former: Jill Gordon (2021–2022) — Director
- Former: Robyn Murray (2021–2022) — Director
- Former: Charlie Hynes (2020–2021) — Director
- Former: Destin Heath (2020–2021) — Director
- Former: Logan Payne (2020–2021) — President
- Former: Scooter Hughes (2020–2021) — Sergeant-At-Arms
- Former: Donnie Snellings (2021) — Director
- Former: Amy Parker (2020) — Secretary
- Former: Courtney Schneider (2020) — President
- Former: Karen Bublitz (2020) — Director
- Former: Liam Benson (2020) — Director
- Former: Robby Hertzel (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Kentucky Thoroughbred Farm Managers'
How much does Kentucky Thoroughbred Farm Managers' give each year?
Kentucky Thoroughbred Farm Managers' gave $55K across 8 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $110K across 13 grants.
What is Kentucky Thoroughbred Farm Managers''s typical grant size?
Kentucky Thoroughbred Farm Managers''s median grant in 2025 was $5,000, and its average grant was $6,875, across 8 grants on its 2025 IRS Form 990.
Where does Kentucky Thoroughbred Farm Managers' give grants?
Kentucky Thoroughbred Farm Managers' 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 (7 grants).
Does Kentucky Thoroughbred Farm Managers' give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Kentucky Thoroughbred Farm Managers''s 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "2024 Benevolent Gift" (8 grants).
Who are Kentucky Thoroughbred Farm Managers''s largest grantees?
Kentucky Thoroughbred Farm Managers''s largest 2025 grantees include Kentucky Equine Management Internship Program ($15,000), Bluegrass Farms Charities ($7,500) and Thoroughbred Charities of America ($7,500), according to its 2025 IRS Form 990. Together they received 55% of its itemized 2025 grant dollars.
How large is Kentucky Thoroughbred Farm Managers'?
Kentucky Thoroughbred Farm Managers' reported $24K in total assets on its 2025 IRS Form 990. Its revenue that year was $219K.
What is Kentucky Thoroughbred Farm Managers''s EIN?
Kentucky Thoroughbred Farm Managers''s EIN (Employer Identification Number) is 61-1076634. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS August 13, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS June 1, 2026)
- IRS filings on file for fiscal years 2020–2024
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