Nonprofit · EIN 61-1076634
KENTUCKY THOROUGHBRED FARM MANAGERS CLUB INC
Tax-exempt · LEXINGTON, KY 40502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $218,836 | $199,167 | $19,669 | $24,401 | $1,240 | $23,161 |
| December 31, 2024 | 990 | $231,759 | $238,238 | -$6,479 | $4,554 | $1,067 | $3,487 |
| December 31, 2023 | 990 | $232,577 | $237,798 | -$5,221 | $16,259 | $6,293 | $9,966 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $45,350
- Membership dues
- $28,650
- Program service revenue
- $107,306
- Investment income
- $87
- Net income from fundraising events
- $66,093
- Other revenue
- $66,093
Expenses
- Grants and similar amounts paid
- $70,379
- Other salaries and wages
- $30,908
- Salaries, compensation and benefits (total)
- $34,368
- Professional fundraising fees
- $0
- Accounting fees
- $5,018
- Occupancy
- $2,835
- Travel
- $1,294
- Program services (functional)
- $174,610
- Management and general (functional)
- $24,557
Balance sheet and other
- Total assets, start of year
- $4,554
- Total assets, end of year
- $24,401
- Total liabilities, end of year
- $1,240
- Net assets, end of year
- $23,161
- Net assets without donor restrictions
- $23,161
- Gross unrelated business income
- $107,306
- Gross receipts
- $328,855
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1948
- 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 |
|---|---|---|---|
| JUAN AGUILAR | DIRECTOR Trustee or director | 0 | $0 |
| LAKOTA GIBSON | DIRECTOR Trustee or director | 0 | $0 |
| DANNY MULVIHILL | DIRECTOR Trustee or director | 0 | $0 |
| CHELSEY STONE-STEWART | DIRECTOR Trustee or director | 0 | $0 |
| NED TOFFEY | DIRECTOR Trustee or director | 0 | $0 |
| BLAISE BENJAMIN | DIRECTOR Trustee or director | 0 | $0 |
| ANDREA CALLANAN | DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL HARDY | DIRECTOR Trustee or director | 0 | $0 |
| CHASE MULLINS | DIRECTOR Trustee or director | 0 | $0 |
| MAXINE PINA | DIRECTOR Trustee or director | 0 | $0 |
| JOHN RASMUSSEN | PRESIDENT Officer | 0 | $0 |
| PETER SHEENAN | VICE-PRESIDENT Officer | 0 | $0 |
| BG HUGHES | SERGEANT AT ARMS Officer | 0 | $0 |
| EMILY CSENAR | SECRETARY Officer | 0 | $0 |
| MATT LYONS | TREASURER Officer | 0 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NED TOFFEY | DIRECTOR Trustee or director | 0 | $0 |
| JUAN AGUILAR | DIRECTOR Trustee or director | 0 | $0 |
| LAKOTA GIBSON | DIRECTOR Trustee or director | 0 | $0 |
| DANNY MULVIHILL | DIRECTOR Trustee or director | 0 | $0 |
| ANN HAYES | DIRECTOR Trustee or director | 0 | $0 |
| BEN HENLEY | DIRECTOR Trustee or director | 0 | $0 |
| JENN LAIDLAW | DIRECTOR Trustee or director | 0 | $0 |
| JOSH KERIN | DIRECTOR Trustee or director | 0 | $0 |
| MATT LYONS | DIRECTOR Trustee or director | 0 | $0 |
| ROMAIN MALHOUITRE | DIRECTOR Trustee or director | 0 | $0 |
| CHELSEY STONE | DIRECTOR Trustee or director | 0 | $0 |
| CHARLES HYNES | PRESIDENT Officer | 0 | $0 |
| JOHN RASMUSSEN | VICE-PRESIDENT Officer | 0 | $0 |
| PETER SHEENAN | SECRETARY Officer | 0 | $0 |
| BG HUGHES | SERGEANT AT ARMS Officer | 0 | $0 |
| EMILY CSENAR | SECRETARY Officer | 0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EMILY CSENAR | DIRECTOR Trustee or director | 0 | $0 |
| NED TOFFEY | DIRECTOR Trustee or director | 0 | $0 |
| PETER SHEENAN | DIRECTOR Trustee or director | 0 | $0 |
| RANDY GILBERT | DIRECTOR Trustee or director | 0 | $0 |
| SHERRI IVANOVICH | DIRECTOR Trustee or director | 0 | $0 |
| ANN HAYES | DIRECTOR Trustee or director | 0 | $0 |
| BEN HENLEY | DIRECTOR Trustee or director | 0 | $0 |
| JENN LAIDLAW | DIRECTOR Trustee or director | 0 | $0 |
| JOSH KERIN | DIRECTOR Trustee or director | 0 | $0 |
| MATT LYONS | DIRECTOR Trustee or director | 0 | $0 |
| ROMAIN MALHOUITRE | DIRECTOR Trustee or director | 0 | $0 |
| ADRIAN WALLACE | PRESIDENT Officer | 0 | $0 |
| CHARLES HYNES | VICE-PRESIDENT Officer | 0 | $0 |
| JOHN RASMUSSEN | TREASURER Officer | 0 | $0 |
| MOLLY HARRIS | SECRETARY Officer | 0 | $0 |
| BG HUGHES | SERGEANT AT ARMS Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1005 RICHMOND RD, LEXINGTON, KY 40502-1697
- In care of
- % L W SERAFINI 2307 HARRODS PTE TRA
- Principal officer (990 for 2025)
- JOHN RASMUSSEN
- Signed the 990
- JOHN RASMUSSEN, PRESIDENT
- Phone
- (859) 948-7321
- Website
- KTFMC.ORG
- Return prepared by
- RADWAN BROWN & COMPANY PSC
Mission
THE MISSION OF THE ORGANIZATION IS TO FOSTER COOPERATION AND UNDERSTANDING AMONG MEMBERS; TO PROVIDE A FORUM FOR THE DISCUSSION OF TOPICS CRITICAL TO OUR PROFESSION, WHICH WILL ENHANCE AND PROTECT OUR PROFESSIONAL INTEREST; TO PROMOTE FELLOWSHIP AMONG MEMBERS; TO BE GOOD STEWARDS OF THE LAND AND THOROUGHBRED INDUSTRY; AND TO BE GOOD CITIZENS OF THE COMMUNITY.
Program accomplishments
- THE CLUB HOLDS TEN MEETINGS EACH YEAR FOR THE FARM MANAGERS TO GET TOGETHER FOR DINNER AND A SPEAKER ON TOPICS OF MUTUAL INTEREST TO PROMOTE PROFESSIONALISMExpenses $83,443
- THE CLUB PUBLISHES A MEMBER AND FARM DIRECTORY OF HORSE FARMS IN THE LEXINGTON AND CENTRAL KENTUCKY AREA. THERE ARE APPROXIMATELY 1,400 COPIES DISTRIBUTED TO INTERESTED PARTIESExpenses $20,788
- THE CLUB HOLDS ANNUAL GOLF AND SPORTING CLAY TOURNAMENTS ORGANIZED BY VOLUNTEERS TO RAISE MONEY FOR LOCAL CHARITIES AND SCHOLARSHIPS. DURING 2025, $70,379 WAS GIVEN TO CHARITIESExpenses $70,379 · grants $70,379
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
- 61-1076634
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $24,401
- Income (IRS master file)
- $328,855
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $218,836 | $199,167 | $24,401 | XML |
| 990 | December 2024 | $231,759 | $238,238 | $4,554 | XML |
| 990 | December 2023 | $232,577 | $237,798 | $16,259 | XML |
| 990 | December 2022 | $212,737 | $214,784 | $16,311 | 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 61-1076634).
Questions about KENTUCKY THOROUGHBRED FARM MANAGERS CLUB INC
- What is the EIN of KENTUCKY THOROUGHBRED FARM MANAGERS CLUB INC?
- The employer identification number (EIN) of KENTUCKY THOROUGHBRED FARM MANAGERS CLUB INC is 61-1076634.
- Is KENTUCKY THOROUGHBRED FARM MANAGERS CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1991.
- Are donations to KENTUCKY THOROUGHBRED FARM MANAGERS CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KENTUCKY THOROUGHBRED FARM MANAGERS CLUB 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 KENTUCKY THOROUGHBRED FARM MANAGERS CLUB 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 KENTUCKY THOROUGHBRED FARM MANAGERS CLUB 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 KENTUCKY THOROUGHBRED FARM MANAGERS CLUB INC?
- The 990 for the year ended December 31, 2025 names JOHN RASMUSSEN.
- Who are the officers and directors of KENTUCKY THOROUGHBRED FARM MANAGERS CLUB INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does KENTUCKY THOROUGHBRED FARM MANAGERS CLUB INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $218,836, expenses of $199,167 and total assets of $24,401 at year end.
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