Nonprofit · EIN 61-0663972
THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION INC
Tax-exempt · LEXINGTON, KY 40504
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,007,370 | $1,091,155 | -$83,785 | $4,188,581 | $93,534 | $4,095,047 |
| December 31, 2023 | 990 | $1,112,907 | $905,666 | $207,241 | $3,882,978 | $18,501 | $3,864,477 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $14,718
- Program service revenue
- $681,663
- Investment income
- $266,890
- Royalties
- $2,275
- Net gain from sales of assets
- $186,435
- Net income from fundraising events
- $37,016
- Other revenue
- $44,099
Expenses
- Grants and similar amounts paid
- $133,040
- Compensation of officers, directors and key employees
- $306,614
- Other salaries and wages
- $205,860
- Salaries, compensation and benefits (total)
- $564,797
- Professional fundraising fees
- $0
- Legal fees
- $35,814
- Accounting fees
- $2,550
- Occupancy
- $35,500
- Travel
- $17,362
- Depreciation
- $9,242
Balance sheet and other
- Total assets, start of year
- $3,882,978
- Total assets, end of year
- $4,188,581
- Total liabilities, end of year
- $93,534
- Net assets, end of year
- $4,095,047
- Land, buildings and equipment
- $49,695
- Publicly traded securities
- $3,017,822
- Gross unrelated business income
- $57,140
- Gross receipts
- $1,338,814
- Employees
- 7
- Volunteers
- 39
- Year formed
- 1958
- State of legal domicile
- DE
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL J METZGER | PRESIDENT Officer | 40 | $274,738 | $31,876 |
| ANDREW SCHWEIGARDT | SENIOR DIR. OF INDUSTRY RE Highest-paid employee | 40 | $117,446 | $23,204 |
| DAVID O'FARRELL | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| DOUG CAUTHEN | SECRETARY Trustee or director | 1 | $0 | $0 |
| GARRETT O'ROURKE | TREASURER Trustee or director | 1 | $0 | $0 |
| EVERETT DOBSON | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| BRANT M LAUE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHANNON BISHOP ARVIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY BLOOM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOE APPELBAUM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT EDWARDS JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARETTE FARRELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL BANAHAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARSHALL GRAMM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TANYA GUNTHER | TRUSTEE Trustee or director | 1 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALKER HANCOCK | TRUSTEE Trustee or director | 1 | $0 |
| STEPHANIE HRONIS | TRUSTEE Trustee or director | 1 | $0 |
| JASON LOUTSCH | TRUSTEE Trustee or director | 1 | $0 |
| MANDY POPE | TRUSTEE Trustee or director | 1 | $0 |
| R GLENN SIKURA | TRUSTEE Trustee or director | 1 | $0 |
| STEPHEN SCRENCI | TRUSTEE Trustee or director | 1 | $0 |
| BARBARA BANKE | TRUSTEE Trustee or director | 1 | $0 |
| CARRIE BROGDEN | TRUSTEE Trustee or director | 1 | $0 |
| TIM COHEN | TRUSTEE Trustee or director | 1 | $0 |
| BILLY KOCH | TRUSTEE Trustee or director | 1 | $0 |
| BRAXTON LYNCH | TRUSTEE Trustee or director | 1 | $0 |
| FRANCIS VANLANGENDONCK | TRUSTEE Trustee or director | 1 | $0 |
| GREG BENSEL | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL J METZGER | PRESIDENT Officer | 40 | $271,844 | $29,129 |
| ANDREW SCHWEIGARDT | SENIOR DIR. OF INDUSTRY RELATIONS Highest-paid employee | 40 | $114,624 | $20,246 |
| BRANT M LAUE | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| DAVID O'FARRELL | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| DOUG CAUTHEN | SECRETARY Trustee or director | 1 | $0 | $0 |
| GARRETT O'ROURKE | TREASURER Trustee or director | 1 | $0 | $0 |
| GREG BENSEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHANNON BISHOP ARVIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY BLOOM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT DEVLIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT EDWARDS JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARETTE FARRELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TERRENCE P FINLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARSHALL GRAMM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TANYA GUNTHER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WALKER HANCOCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHANIE HRONIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JASON LOUTSCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BERNARD MCCORMACK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLIE O'CONNOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN SCRENCI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BARBARA BANKE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARRIE BROGDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIM COHEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BILLY KOCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRAXTON LYNCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANCIS VANLANGENDONCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2365 HARRODSBURG RD STE B240, LEXINGTON, KY 40504-3376
- In care of
- % PEAT MARWICK MAIN & CO
- Principal officer (990 for 2024)
- DANIEL J METZGER, 2365 HARRODSBURG ROAD B240, LEXINGTON, KY 40504
- Signed the 990
- DANIEL J METZGER, PRESIDENT
- Phone
- (859) 276-2291
- Website
- WWW.TOBA.ORG
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
TO ADVERTISE, PROMOTE, AND FOSTER THE THOROUGHBRED INDUSTRY
Program accomplishments
- TRADE JOURNALS PROVIDE INFO ON STAKES RACES, PUBLIC AUCTIONS & NEWS PERTAINING TO THE EQUINE INDUSTRY. REGISTERS PROVIDE UP-TO-DATE STATISTICAL INFO ON STALLIONS. DIRECTORIES PROVIDE LISTINGS OF PRODUCTS & SERVICES SPECIALIZING IN EQUINE INDUSTRY.
- SEMINARS AND CLINICS ARE PROVIDED THAT FOCUS ON RACING AND BREEDING ASPECTS OF THOROUGHBRED OWNERSHIP.
- AWARDS DINNER IS CONDUCTED EVERY YEAR TO RECOGNIZE THE TOP OWNER AND BREEDER OF EACH STATE AND THE TOP OWNER AND BREEDER IN THE COUNTRY.
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 | Not 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
- 61-0663972
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,188,581
- Income (IRS master file)
- $1,338,814
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,007,370 | $1,091,155 | $4,188,581 | XML |
| 990 | December 2023 | $1,112,907 | $905,666 | $3,882,978 | XML |
| 990 | December 2022 | $992,875 | $915,591 | $3,371,151 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 61-0663972).
Questions about THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION INC
- What is the EIN of THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION INC?
- The employer identification number (EIN) of THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION INC is 61-0663972.
- Is THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1986.
- Are donations to THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION 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 OWNERS AND BREEDERS ASSOCIATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names DANIEL J METZGER.
- Who are the officers and directors of THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 28 people; 2 received compensation from the organization, the highest $274,738 (DANIEL J METZGER, PRESIDENT).
- How much revenue does THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,007,370, expenses of $1,091,155 and total assets of $4,188,581 at year end.
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