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Kentucky Thoroughbred Owners & Breeders Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Animal-Related N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$14.2k (2024)

Expenses
$7.15k (2024)

Total Assets
$648k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2012 to 2024

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 June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,209
Expenses
$7,150
Net Income
$7,059
Net Assets
$647,729
Notable Sources of Revenue Percent of Total Revenue
Contributions $97
0.7%
Program Services $0
Investment Income $12,086
85.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,026
14.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $647,729
Total Liabilities $0
Net Assets $647,729
Compensation
Key Employees and Officers Compensation Related Other
Christopher Baker (President) $0 $0 $0
Walker Hancock (Vice President) $0 $0 $0
Bill Daugherty (Secretary) $0 $0 $0
Dermot Ryan (Treasurer) $0 $0 $0
J Stephen Horn (Assistant Treasurer) $0 $0 $0
Chauncey Morris (Executive Director) $0 $257,980 $40,614

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,399
Expenses
$6,222
Net Income
$7,177
Net Assets
$563,364
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $10,943
81.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,456
18.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $563,364
Total Liabilities $0
Net Assets $563,364
Compensation
Key Employees and Officers Compensation Related Other
Joseph Seitz (President) $0 $0 $0
Walker Hancock (Vice President) $0 $0 $0
Christopher Baker (Secretary) $0 $0 $0
Dermot Ryan (Treasurer) $0 $0 $0
L Pope Mclean Jr (Assistant Treasurer) $0 $0 $0
Chauncey Morris (Executive Director) $0 $237,246 $38,795

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,961
Expenses
$7,051
Net Income
$10,910
Net Assets
$506,384
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $9,887
55.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,074
45.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $506,384
Total Liabilities $0
Net Assets $506,384
Compensation
Key Employees and Officers Compensation Related Other
Chauncey Morris (Executive Director) $0 $228,890 $40,118
Joseph Seitz (President) $0 $0 $0
Walker Hancock (Vice President) $0 $0 $0
Christopher Baker (Secretary) $0 $0 $0
Dermot Ryan (Treasurer) $0 $0 $0
Jackie Smith (Assistant Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$42,718
Expenses
$61,017
Net Income
-$18,299
Net Assets
$574,939
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,000
14.0%
Program Services $0
Investment Income $8,745
20.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $27,973
65.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $574,939
Total Liabilities $0
Net Assets $574,939
Compensation
Key Employees and Officers Compensation Related Other
Braxton Lynch (President) $0 $0 $0
Mark Taylor (Secretary) $0 $0 $0
Dermot Ryan (Treasurer) $0 $0 $0
Walker Hancock (Vice President) $0 $0 $0
Pope Mclean Jr (Director) $0 $0 $0
Chauncey Morris (Executive Director) $0 $222,840 $36,420

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,955
Expenses
$4,986
Net Income
$25,969
Net Assets
$446,122
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,000
77.5%
Program Services $0
Investment Income $8,799
28.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,844
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $446,122
Total Liabilities $0
Net Assets $446,122
Compensation
Key Employees and Officers Compensation Related Other
Chauncey Morris (Executive Director) $0 $218,285 $35,136
Braxton Lynch (President) $0 $0 $0
Mark Taylor (Secretary) $0 $0 $0
Dermot Ryan (Treasurer) $0 $0 $0
Walker Hancock (Vice President) $0 $0 $0
Pope Mclean Jr (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$52,339
Expenses
$4,503
Net Income
$47,836
Net Assets
$421,987
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,000
45.9%
Program Services $0
Investment Income $8,868
16.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $19,471
37.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $421,987
Total Liabilities $0
Net Assets $421,987
Compensation
Key Employees and Officers Compensation Related Other
Pope Mclean Jr (President) $0 $0 $0
John J Greely Iv (Vice President Ktob) $0 $0 $0
Mark Taylor (Secretary) $0 $0 $0
Dermot Ryan (Treasurer) $0 $0 $0
Braxton Lynch (Vice President Kta) $0 $0 $0
Jackie Smith (Assistant Treasurer) $0 $0 $0
Chauncey Morris (Executive Director) $0 $209,083 $32,656

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,634
Expenses
$254,232
Net Income
-$240,598
Net Assets
$373,244
Notable Sources of Revenue Percent of Total Revenue
Contributions $20
0.1%
Program Services $0
Investment Income $7,126
52.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,488
47.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $373,244
Total Liabilities $0
Net Assets $373,244
Compensation
Key Employees and Officers Compensation Related Other
Pope Mclean Jr (President) $0 $0 $0
John J Greely Iv (Vice President Ktob) $0 $0 $0
Mark Taylor (Secretary) $0 $0 $0
Dermot Ryan (Treasurer) $0 $0 $0
Braxton Lynch (Vice President Kta) $0 $0 $0
Jackie Smith (Assistant Treasurer) $0 $0 $0
Chauncey Morris (Executive Director) $0 $196,115 $30,071

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,185
Expenses
$3,769
Net Income
$6,416
Net Assets
$590,356
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $6,772
66.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,413
33.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $590,356
Total Liabilities $0
Net Assets $590,356
Compensation
Key Employees and Officers Compensation Related Other
Lpope Mclean Jr (President) $0 $0 $0
Braxton Lynch (Vice President Kta) $0 $0 $0
John J Greely Iv (Vice President Ktob) $0 $0 $0
Dermot Ryan (Treasurer) $0 $0 $0
Mark Taylor (Secretary) $0 $0 $0
Chauncey Morris (Executive Director) $0 $183,247 $29,618

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$1,362
Expenses
$41,062
Net Income
-$42,424
Net Assets
$550,096
Notable Sources of Revenue Percent of Total Revenue
Contributions $126
Program Services $0
Investment Income $7,039
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$8,527
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $550,096
Total Liabilities $0
Net Assets $550,096
Compensation
Key Employees and Officers Compensation Related Other
Garrett O'rourke (President) $0 $0 $0
R Eric Waldman (Treasurer) $0 $0 $0
John J Greely Iv (Vice President) $0 $0 $0
Braxton Lynch (Secretary) $0 $0 $0
Jackie Smith (Assistant Treasurer) $0 $0 $0
Chauncey O Morris (Executive Director) $0 $175,490 $28,722

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,850
Expenses
$2,005
Net Income
$845
Net Assets
$590,662
Notable Sources of Revenue Percent of Total Revenue
Contributions $56
2.0%
Program Services $0
Investment Income $3,838
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,044
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $590,662
Total Liabilities $0
Net Assets $590,662
Compensation
Key Employees and Officers Compensation Related Other
Garrett O'rourke (President) $0 $0 $0
R Eric Waldman (Treasurer) $0 $0 $0
John J Greely Iv (Vice President) $0 $0 $0
Braxton Lynch (Secretary) $0 $0 $0
Jackie Smith (Assistant Treasurer) $0 $0 $0
Chauncey O Morris (Executive Director) $0 $63,992 $10,970
David Switzer (Executive Director Until 8/01/14) $0 $574,979 $14,078

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,125
Expenses
$0
Net Income
$3,125
Net Assets
$589,115
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,125
100%
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 $0
Assets/Debt
Total Assets $631,174
Total Liabilities $42,059
Net Assets $589,115
Compensation
Key Employees and Officers Compensation Related Other
Clifford Barry (President) $0 $0 $0
Pope Mclean Jr (Treasurer) $0 $0 $0
John Greely Iv (Vice President) $0 $0 $0
R Eric Waldman (Secretary) $0 $0 $0
Jackie Smith (Assistant Treasurer) $0 $0 $0
David Switzer (Executive Director) $0 $166,940 $70,990

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,596
Expenses
$103,967
Net Income
-$101,371
Net Assets
$585,990
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,596
100%
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 $0
Assets/Debt
Total Assets $637,974
Total Liabilities $51,984
Net Assets $585,990

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,081
Expenses
$83,910
Net Income
-$77,829
Net Assets
$645,406
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $6,081
100%
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 $0
Assets/Debt
Total Assets $691,611
Total Liabilities $46,205
Net Assets $645,406

Document Links

Fiscal Year Ending June
2011

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 June
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 June
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 June
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 June
2007

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 June
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 June
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 June
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

Fiscal Year Ending June
2003

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 June
2002

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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