Kentucky Thoroughbred Owners & Breeders Inc
To advertise, foster and promote the thoroughbred horse industry in the commonwealth of Kentucky
Kentucky Thoroughbred Owners & Breeders Inc at a glance
In short: Kentucky Thoroughbred Owners & Breeders Inc gave $368K across 3 grants in 2025 (avg $123K), mostly in Kentucky. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $367,500
- +250.0% vs 2024
- Grants made (2025)
- 3
- +200.0% vs 2024
- Average grant
- $122,500
- +16.7% vs 2024
- Median grant
- $37,500
- Total assets
- $2,892,454
- +6.7% vs 2024
- Primary geography
- Kentucky (93% 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 Owners & Breeders Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was University of Kentucky ($305K). Together the top 3 received $368K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 4 grants of 7 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $8K (2022) to $368K (2025). In 2025 it made 3 grants totaling $368K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Kentucky Lexington, KY | Rotavirus research, equine reproduction research, & "better bluegrass" research | $305,000 |
| Foundation for the Horse Lexington, KY | Program Support | $37,500 |
| Thoroughbred Racing Initiative Woodbridge, NJ | Program Support | $25,000 |
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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 | $2,892,454 | $2,639,920 | $1,534,416 | $367,500 | 3 | $1,299,333 |
| 2024 | $2,710,393 | $1,275,853 | $1,200,645 | $105,000 | 1 | $119,704 |
| 2023 | $2,547,501 | $1,200,075 | $1,307,983 | $160,000 | 2 | $52,203 |
| 2022 | $2,411,831 | $1,040,440 | $943,915 | $8,141 | Total only | $100,108 |
| 2021 | $2,568,861 | $1,022,653 | $1,014,361 | $17,500 | 1 | $94,055 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Kentucky Thoroughbred Owners & Breeders Inc
Based on IRS filings
Kentucky Thoroughbred Owners & Breeders Inc is a public charity, based in Lexington, KY. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.9M in total assets. In 2025, it awarded 3 grants totaling $368K. Net investment income was $1.3M.
Leadership & Key People
Officers and directors from IRS filings
Kentucky Thoroughbred Owners & Breeders 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
$110K (2021) → $126K (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
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
Ned Toffey
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, 2024
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
Natanya Nieman
Vice President
On filings since 2022
1 hr/week
No compensation reported
Neil A. Howard
Director Emeritus
On filings since 2022
1 hr/week
No compensation reported
R. Alex Rankin
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 Landers III
Director Emeritus
On filings since 2022
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 (22)
- 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: 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
The highest reported compensation on the 2025 filing was $126K, to Chauncey Morris (Executive Director).
Frequently asked questions about Kentucky Thoroughbred Owners & Breeders Inc
How much does Kentucky Thoroughbred Owners & Breeders Inc give each year?
Kentucky Thoroughbred Owners & Breeders Inc gave $368K across 3 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $105K across 1 grant.
What is Kentucky Thoroughbred Owners & Breeders Inc's typical grant size?
Kentucky Thoroughbred Owners & Breeders Inc's median grant in 2025 was $37,500, and its average grant was $122,500, across 3 grants on its 2025 IRS Form 990.
Where does Kentucky Thoroughbred Owners & Breeders Inc give grants?
Kentucky Thoroughbred Owners & Breeders Inc gives mostly in Kentucky: 93% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest state was New Jersey (7%). The most frequent recipient cities were Lexington, KY (2 grants).
Does Kentucky Thoroughbred Owners & Breeders Inc give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Kentucky Thoroughbred Owners & Breeders Inc's 2025 IRS Form 990 were described as general or operating support.
How large is Kentucky Thoroughbred Owners & Breeders Inc?
Kentucky Thoroughbred Owners & Breeders Inc reported $2.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.6M.
What is Kentucky Thoroughbred Owners & Breeders Inc's EIN?
Kentucky Thoroughbred Owners & Breeders Inc's EIN (Employer Identification Number) is 61-0590716. 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
- Updated Form 990 for fiscal year 2021 (received by the IRS November 9, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 7, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 13, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 6, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS November 5, 2025)
- IRS filings on file for fiscal years 2021–2025
Explore Open Grants
Browse active grant opportunities in Kentucky Thoroughbred Owners & Breeders Inc's focus areas in our free grants database
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Funders with grantees in common, and similar funders in Kentucky
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To advertise, foster and promote the thoroughbred horse industry in the commonwealth of Kentucky
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LG&E and Ku Foundation Inc
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