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Indiana Thoroughbred Association Inc

Indiana Thoroughbred Owners & Breed

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$257k (2023)

Expenses
$272k (2023)

Total Assets
$357k (2023)

Total Liabilities
$697 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$256,672
Expenses
$271,963
Net Income
-$15,291
Net Assets
$356,218
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,928
2.3%
Program Services $250,742
97.7%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $32,100
11.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $356,915
Total Liabilities $697
Net Assets $356,218
Compensation
Key Employees and Officers Compensation Related Other
Tom Mosely (2 Nd Vice President) $0 $0 $0
Duane Swingley (Board Member) $0 $0 $0
Bruce Murphy (Treasurer) $0 $0 $0
Amy Elliott (Board Member) $0 $0 $0
Kelly Peine (Secretary) $0 $0 $0
Kelli Waggoner (Board Member) $0 $0 $0
Grant Waggoner (Board Member) $0 $0 $0
Michelle Elliott (Board Member) $0 $0 $0
Pat Mcghee (Presidet) $0 $0 $0
Randy Burkett (Board Member) $0 $0 $0
Jerri Harmon (1 St Vice President) $0 $0 $0
Jason Kaylor (Board Member) $0 $0 $0
Matt Kwiatkowski (Board Member) $0 $0 $0
Dan Spears (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$345,743
Expenses
$319,726
Net Income
$26,017
Net Assets
$371,509
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,144
2.4%
Program Services $337,597
97.6%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,300
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $372,212
Total Liabilities $703
Net Assets $371,509
Compensation
Key Employees and Officers Compensation Related Other
Tom Mosely (President) $0 $0 $0
Duane Swingley (Vice President) $0 $0 $0
Bruce Murphy (2 Nd Vice President) $0 $0 $0
Amy Elliott (Treasurer) $0 $0 $0
Kelly Peine (Secretary) $0 $0 $0
Terry Phillips (Board Member) $0 $0 $0
Herb Likens (Board Member) $0 $0 $0
Kelli Waggoner (Board Member) $0 $0 $0
Grant Waggoner (Board Member) $0 $0 $0
Michelle Elliott (Board Member) $0 $0 $0
Pat Mcghee (Board Member) $0 $0 $0
Randy Burkett (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$302,194
Expenses
$261,735
Net Income
$40,459
Net Assets
$345,491
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,054
5.3%
Program Services $286,138
94.7%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $24,750
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $345,706
Total Liabilities $215
Net Assets $345,491
Compensation
Key Employees and Officers Compensation Related Other
Tom Mosely (President) $0 $0 $0
Duane Swingley (Vice President) $0 $0 $0
Kerry Hopper (2 Nd Vice President) $0 $0 $0
Dave Bogue (Treasurer) $0 $0 $0
Leigh Ann Hopper (Secretary) $0 $0 $0
Terry Phillips (Board Member) $0 $0 $0
Michelle Mosley (Board Member) $0 $0 $0
Amy Elliott (Board Member) $0 $0 $0
Pete Sacopulos (Board Member) $0 $0 $0
Herb Likens (Board Member) $0 $0 $0
Kelli Waggoner (Board Member) $0 $0 $0
Grant Waggoner (Board Member) $0 $0 $0
Bruce Murphy (Board Member) $0 $0 $0
Rhonda Day (Board Member) $0 $0 $0
Michelle Elliott (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$254,965
Expenses
$262,353
Net Income
-$7,388
Net Assets
$305,031
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,895
4.7%
Program Services $243,059
95.3%
Investment Income $11
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $33,000
12.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $309,858
Total Liabilities $4,827
Net Assets $305,031
Compensation
Key Employees and Officers Compensation Related Other
Bruce Murphy (President) $0 $0 $0
Duane Swingley (Vice President) $0 $0 $0
Kerry Hopper (2 Nd Vice President) $0 $0 $0
Dave Bogue (Treasurer) $0 $0 $0
Pete Sacopulos (Secretary) $0 $0 $0
Herb Likens (Board Member) $0 $0 $0
Donald Dearth (Board Member) $0 $0 $0
Amy Elliott (Board Member) $0 $0 $0
Tom Mosely (Board Member) $0 $0 $0
Terry Phillips (Board Member) $0 $0 $0
Michelle Elliott (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$201,755
Expenses
$206,585
Net Income
-$4,830
Net Assets
$312,419
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,215
2.1%
Program Services $197,524
97.9%
Investment Income $16
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $33,000
16.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $316,364
Total Liabilities $3,945
Net Assets $312,419
Compensation
Key Employees and Officers Compensation Related Other
Bruce Murphy (President) $0 $0 $0
Duane Swingley (Vice President) $0 $0 $0
Tom Mosley (2 Nd Vice President) $0 $0 $0
Dave Bogue (Treasurer) $0 $0 $0
Pete Sacopulos (Secretary) $0 $0 $0
Herb Likens (Board Member) $0 $0 $0
Donald Dearth (Board Member) $0 $0 $0
Amy Elliott (Board Member) $0 $0 $0
Kerry Hopper (Board Member) $0 $0 $0
Terry Phillips (Board Member) $0 $0 $0
Michelle Elliott (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$241,511
Expenses
$231,222
Net Income
$10,289
Net Assets
$317,249
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,236
1.8%
Program Services $237,259
98.2%
Investment Income $16
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $32,853
14.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $321,763
Total Liabilities $4,514
Net Assets $317,249
Compensation
Key Employees and Officers Compensation Related Other
Herb Likens (President) $0 $0 $0
Duane Swingley (2 Nd Vice President) $0 $0 $0
Bruce Murphy (Vice President) $0 $0 $0
Dave Bogue (Treasurer) $0 $0 $0
Pete Sacopulos (Secretary) $0 $0 $0
Tom Mosley (Board Member) $0 $0 $0
Donald Dearth (Board Member) $0 $0 $0
Amy Elliott (Board Member) $0 $0 $0
Kerry Hopper (Board Member) $0 $0 $0
Terry Phillips (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$267,417
Expenses
$251,427
Net Income
$15,990
Net Assets
$306,960
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,978
1.1%
Program Services $264,426
98.9%
Investment Income $13
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $28,000
11.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $312,152
Total Liabilities $5,192
Net Assets $306,960
Compensation
Key Employees and Officers Compensation Related Other
Herb Likens (President) $0 $0 $0
Duane Swingley (2 Nd Vice President) $0 $0 $0
Bruce Murphy (Vice President) $0 $0 $0
Dave Bogue (Treasurer) $0 $0 $0
Pete Sacopulos (Secretary) $0 $0 $0
Tom Mosley (Board Member) $0 $0 $0
Donald Dearth (Board Member) $0 $0 $0
Amy Elliott (Board Member) $0 $0 $0
Kerry Hopper (Board Member) $0 $0 $0
Terry Phillips (Board Member) $0 $0 $0
Ryan Campbell (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$252,669
Expenses
$243,306
Net Income
$9,363
Net Assets
$290,969
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,080
4.0%
Program Services $242,585
96.0%
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $26,108
10.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $294,024
Total Liabilities $3,055
Net Assets $290,969
Compensation
Key Employees and Officers Compensation Related Other
Crystal Chappel Dvm (Board Member) $0 $0 $0
Donald Dearth (Board Member) $0 $0 $0
Amy Elliott (Board Member) $0 $0 $0
Kerry Hopper (Board Member) $0 $0 $0
Terry Phillips (Board Member) $0 $0 $0
Ryan Campbell (Board Member) $0 $0 $0
Herb Likens (President) $0 $0 $0
Duane Swingley (Vice President) $0 $0 $0
Bruce Murphy (2 Nd Vice President) $0 $0 $0
Dave Bogue (Treasurer) $0 $0 $0
Pete Sacopulos (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$206,166
Expenses
$187,373
Net Income
$18,793
Net Assets
$281,606
Notable Sources of Revenue Percent of Total Revenue
Contributions $85,595
41.5%
Program Services $118,476
57.5%
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,091
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $10,217
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $282,131
Total Liabilities $525
Net Assets $281,606
Compensation
Key Employees and Officers Compensation Related Other
Diana Likens (Secretary) $10,217 $0 $0
Christine Cagle (Board Member) $0 $0 $0
Ryan Campbell (Board Member) $0 $0 $0
Crystal Chappel Dvm (Board Member) $0 $0 $0
Donald Dearth (Board Member) $0 $0 $0
Amy Elliott (Board Member) $0 $0 $0
Kerry Hopper (Board Member) $0 $0 $0
Leigh Ann Hopper (Board Member) $0 $0 $0
Pete Sacopulos (Board Member) $0 $0 $0
Herb Likens (President) $0 $0 $0
Duane Swingley (1 St Vice President) $0 $0 $0
Bruce Murphy (2 Nd Vice President) $0 $0 $0
Dave Bogue (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$192,657
Expenses
$155,909
Net Income
$36,748
Net Assets
$265,349
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,430
1.3%
Program Services $104,348
54.2%
Investment Income $13
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $85,866
44.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $18,550
11.9%
Assets/Debt
Total Assets $276,695
Total Liabilities $11,346
Net Assets $265,349

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$155,177
Expenses
$75,977
Net Income
$79,200
Net Assets
$228,601
Notable Sources of Revenue Percent of Total Revenue
Contributions $86,529
55.8%
Program Services $68,640
44.2%
Investment Income $8
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $31,624
41.6%
Assets/Debt
Total Assets $231,649
Total Liabilities $3,048
Net Assets $228,601

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$238,963
Expenses
$94,499
Net Income
$144,464
Net Assets
$149,401
Notable Sources of Revenue Percent of Total Revenue
Contributions $187,043
78.3%
Program Services $21,462
9.0%
Investment Income $12
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $30,446
12.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $30,000
31.7%
Assets/Debt
Total Assets $167,102
Total Liabilities $17,701
Net Assets $149,401

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$472,353
Expenses
$565,985
Net Income
-$93,632
Net Assets
$4,937
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,342
3.0%
Program Services $457,962
97.0%
Investment Income $49
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $12,784
2.3%
Assets/Debt
Total Assets $5,447
Total Liabilities $510
Net Assets $4,937

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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