Nonprofit · EIN 61-0488425
THOROUGHBRED CLUB OF AMERICA INC
Tax-exempt · LEXINGTON, KY 40533
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,382,477 | $2,873,020 | $509,457 | $4,504,787 | $1,309,182 | $3,195,605 |
| December 31, 2024 | 990 | $2,840,501 | $2,597,934 | $242,567 | $3,980,495 | $1,283,141 | $2,697,354 |
| December 31, 2023 | 990 | $2,982,735 | $2,483,388 | $499,347 | $3,724,720 | $1,269,933 | $2,454,787 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $17,700
- Program service revenue
- $3,326,752
- Investment income
- $38,025
- Net gain from sales of assets
- -$2,360
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $175,769
- Other salaries and wages
- $582,623
- Salaries, compensation and benefits (total)
- $972,165
- Professional fundraising fees
- $0
- Accounting fees
- $34,251
- Occupancy
- $17,700
- Depreciation
- $185,946
- Program services (functional)
- $2,193,119
- Management and general (functional)
- $679,901
Balance sheet and other
- Total assets, start of year
- $3,980,495
- Total assets, end of year
- $4,504,787
- Total liabilities, end of year
- $1,309,182
- Net assets, end of year
- $3,195,605
- Land, buildings and equipment
- $1,911,882
- Net assets without donor restrictions
- $3,138,332
- Net assets with donor restrictions
- $57,273
- Gross receipts
- $3,384,837
- Employees
- 44
- Year formed
- 1932
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Laura Gardner | General Manager | 40 | $175,769 |
| W CHAPMAN HOPKINS | President Trustee or director, Officer | 1 | $0 |
| JOE MILLER | Vice President Trustee or director, Officer | 1 | $0 |
| MEG LEVY | Director Trustee or director | 1 | $0 |
| ROSEMARY HUNDLEY | Director Trustee or director | 1 | $0 |
| LYNN HANCOCK | Director Trustee or director | 1 | $0 |
| SUSAN SPECKERT | Sergeant-At-Arm Trustee or director, Officer | 1 | $0 |
| SUSAN BUNNING | Director Trustee or director | 1 | $0 |
| BERNARD SAMS JR | Director Trustee or director | 1 | $0 |
| CHARLES H BODEN | Past President Trustee or director, Officer | 1 | $0 |
| BRYAN SCHNABEL | Director Trustee or director | 1 | $0 |
| LESLEY HOWARD | Director Trustee or director | 1 | $0 |
| JIMMY LANFORD | Secr.-Treas Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Laura Gardner | General Manager | 40 | $164,346 |
| W CHAPMAN HOPKINS | Vice President Trustee or director, Officer | 1 | $0 |
| JOE MILLER | Sergeant-At-Arm Trustee or director, Officer | 1 | $0 |
| TONY LACY | Past President Trustee or director, Officer | 1 | $0 |
| ROSEMARY HUNDLEY | Director Trustee or director | 1 | $0 |
| LYNN HANCOCK | Director Trustee or director | 1 | $0 |
| DR MARK CHENEY | Director Trustee or director | 1 | $0 |
| SUSAN BUNNING | Director Trustee or director | 1 | $0 |
| WILLIAM BRADLEY | Director Trustee or director | 1 | $0 |
| CHARLES H BODEN | President Trustee or director, Officer | 1 | $0 |
| BRYAN SCHNABEL | Director Trustee or director | 1 | $0 |
| LESLEY HOWARD | Director Trustee or director | 1 | $0 |
| JIMMY LANFORD | Secr.-Treas Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Laura Gardner | General Manager | 40 | $145,666 |
| W CHAPMAN HOPKINS | Vice President Trustee or director, Officer | 1 | $0 |
| JOE MILLER | Sergeant-At-Arm Trustee or director, Officer | 1 | $0 |
| TONY LACY | Past President Trustee or director, Officer | 1 | $0 |
| ROSEMARY HUNDLEY | Director Trustee or director | 1 | $0 |
| GARY BUSH | Director Trustee or director | 1 | $0 |
| DR MARK CHENEY | Director Trustee or director | 1 | $0 |
| SUSAN BUNNING | Director Trustee or director | 1 | $0 |
| WILLIAM BRADLEY | Director Trustee or director | 1 | $0 |
| CHARLES H BODEN | President Trustee or director, Officer | 1 | $0 |
| DR STUART BROWN II | Director Trustee or director | 1 | $0 |
| ANNE ARCHER HINKLE | Director Trustee or director | 1 | $0 |
| ANDREW HILS | Secr.-Treas Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 8098, LEXINGTON, KY 40533-8098
- Principal officer (990 for 2025)
- W CHAPMAN HOPKINS, 3555 RICE ROAD, LEXINGTON, KY 40510
- Signed the 990
- W CHAPMAN HOPKINS, President
- Phone
- (859) 254-4282
- Website
- WWW.THETHROROUGHBREDCLUB.COM
- Return prepared by
- Summers McCrary & Sparks PSC
Mission
THE PRIMARY EXEMPT PURPOSE OF THE THOROUGHBRED CLUB OF AMERICA, INC. IS TO PROMOTE, FOSTER AND ENCOURAGE CLOSER COOPERATION AND BETTER BUSINESS RELATIONS IN THE THOROUGHBRED INDUSTRY; TO PROVIDE A FORUM FOR THE DISCUSSION AND INTERCHANGE OF IDEAS, METHODS AND INFORMATION RELATING TO BREEDING, RACING AND MARKETING OF THOROUGHBRED HORSES AND TO ENCOURAGE PUBLIC INTEREST THEREIN; TO GATHER AND DISSEMINATE SUCH KNOWLEDGE AND INFORMATION PERTAINING TO THE BREEDING, RAISING AND RACING OF THOROUGHBRED HORSES IN OF INTEREST AND VALUE TO PERSONS HAVING A COMMON INTEREST THEREIN; TO ENDEAVOR IN EVERY PROPER AND LAWFUL WAY TO PROMOTE BETTER BUSINESS CONDITIONS IN THE INDUSTRY.
Program accomplishments
- CLUB RESTAURANT - CLUB PROVIDES RESTAURANT SERVICES FOR ITS MEMBERS CONVENIENCE WHILE ATTENDING RACING AND OTHER THOROUGHBRED INDUSTRY EVENTS AT KEENELAND.Expenses $2,165,693 · revenue $1,851,695
- TESTIMONIAL DINNER - DINNER TO HONOR A SPECIAL GUEST WHO MADE AN OUTSTANDING CONTRIBUTION TO THE THOROUGHBRED INDUSTRY.Expenses $37,630 · revenue $27,426
- HISTORICAL LIBRARY - THE CLUB PROVIDES TO ITS MEMBERS AN EXTENSIVE HISTORICAL LIBRARY FOR THEIR USE IN THOROUGHBRED HORSE RESEARCH.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-0488425
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,504,787
- Income (IRS master file)
- $3,384,837
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,382,477 | $2,873,020 | $4,504,787 | XML |
| 990 | December 2024 | $2,840,501 | $2,597,934 | $3,980,495 | XML |
| 990 | December 2023 | $2,982,735 | $2,483,388 | $3,724,720 | XML |
| 990 | December 2022 | $2,157,901 | $1,956,887 | $3,051,433 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-0488425).
Questions about THOROUGHBRED CLUB OF AMERICA INC
- What is the EIN of THOROUGHBRED CLUB OF AMERICA INC?
- The employer identification number (EIN) of THOROUGHBRED CLUB OF AMERICA INC is 61-0488425.
- Is THOROUGHBRED CLUB OF AMERICA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1974.
- Are donations to THOROUGHBRED CLUB OF AMERICA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does THOROUGHBRED CLUB OF AMERICA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THOROUGHBRED CLUB OF AMERICA INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THOROUGHBRED CLUB OF AMERICA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THOROUGHBRED CLUB OF AMERICA INC?
- The 990 for the year ended December 31, 2025 names W CHAPMAN HOPKINS.
- Who are the officers and directors of THOROUGHBRED CLUB OF AMERICA INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $175,769 (Laura Gardner, General Manager).
- How much revenue does THOROUGHBRED CLUB OF AMERICA INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,382,477, expenses of $2,873,020 and total assets of $4,504,787 at year end.
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