Nonprofit · EIN 72-1559413
RACING MEDICATION AND TESTING CONSORTIUM INC
Tax-exempt · LEXINGTON, KY 40507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $522,255 | $887,587 | -$365,332 | $568,320 | $105,122 | $463,198 |
| December 31, 2023 | 990 | $461,111 | $662,997 | -$201,886 | $879,800 | $51,270 | $828,530 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $228,078
- Program service revenue
- $276,325
- Investment income
- $17,852
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $187,826
- Compensation of officers, directors and key employees
- $226,776
- Other salaries and wages
- $90,550
- Salaries, compensation and benefits (total)
- $347,089
- Professional fundraising fees
- $0
- Legal fees
- $3,088
- Accounting fees
- $36,339
- Occupancy
- $5,741
- Travel
- $8,325
- Depreciation
- $1,837
- Program services (functional)
- $751,671
- Management and general (functional)
- $135,916
Balance sheet and other
- Total assets, start of year
- $879,800
- Total assets, end of year
- $568,320
- Total liabilities, end of year
- $105,122
- Net assets, end of year
- $463,198
- Land, buildings and equipment
- $1,778
- Net assets without donor restrictions
- $463,198
- Gross receipts
- $522,255
- Employees
- 2
- Volunteers
- 37
- Year formed
- 2003
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL D HARDY | EXECUTIVE DIRECTOR Officer | 40 | $220,050 | $6,726 |
| ALEX WALDROP | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ALAN FOREMAN | CO-VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| HANK ZEITLIN | CO-VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JANET VAN BEBBER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KEITH CHAMBLIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RICK ARTHUR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ALAN BALCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDY SCHWEIGARDT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL NADER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHAUNCEY MORRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLAYTON MCCOOK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID O'ROURKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIONNE BENSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DORA DELGADO | DIRECTOR Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ED MARTIN | DIRECTOR Trustee or director | 1 | $0 |
| ERIC HAMELBACK | DIRECTOR Trustee or director | 1 | $0 |
| JAMIE HAYDON | DIRECTOR Trustee or director | 1 | $0 |
| JEFF BLEA | DIRECTOR Trustee or director | 1 | $0 |
| JIM MEYER | DIRECTOR Trustee or director | 1 | $0 |
| JOHN CAMPBELL | DIRECTOR Trustee or director | 1 | $0 |
| LYNN HOVDA | DIRECTOR Trustee or director | 1 | $0 |
| STUART BROWN | DIRECTOR Trustee or director | 1 | $0 |
| TERRY MEYOCKS | DIRECTOR Trustee or director | 1 | $0 |
| TOM ROBBINS | DIRECTOR Trustee or director | 1 | $0 |
| WILL FARMER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL D HARDY | EXECUTIVE DIRECTOR Officer | 40 | $160,000 | $476 |
| DR MARY SCOLLAY | EXECUTIVE DIRECTOR FORMER Officer | 0 | $32,219 | $0 |
| DR DIONNE BENSON | DIRECTOR Trustee or director | 1 | $13,727 | $0 |
| ALEX WALDROP | CHAIR/PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ALAN FOREMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| HANK ZEITLIN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DR RICK ARTHUR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DR JEFF BLEA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANET VANBEBBER | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| DR JAMES MEYER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ED MARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR LYNN HOVDA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DORA DELGADO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALAN BALCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR WILLIAM FARMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM ROBBINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TERRENCE MEYOCKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR STUART BROWN II | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHAUNCEY MORRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC HAMELBACK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH CHAMBLIN | TREASURER Trustee or director | 1 | $0 | $0 |
| DAVID O'ROURKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT IULIANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDY SCHWEIGARDT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL NADER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR CLAYTON MCCOOK | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 401 W MAIN ST STE 222, LEXINGTON, KY 40507-1630
- In care of
- % SCOT WATERMAN
- Principal officer (990 for 2024)
- ALEX WALDROP, 401 WEST MAIN STREET SUITE 222, LEXINGTON, KY 40507
- Signed the 990
- ALEX WALDROP, CHAIRMAN
- Phone
- (859) 224-2844
- Website
- RMTCNET.COM
- Return prepared by
- LBMC PC
Mission
THE MISSION OF THE CONSORTIUM IS TO ENGAGE IN RESEARCH, EDUCATION, AND ADVOCACY FOR SCIENCE-BASED INITIATIVES THAT PROMOTE THE HEALTH AND SAFETY OF THE RACEHORSE AND THE INTEGRITY OF COMPETITION.
Program accomplishments
- RESEARCH, EDUCATION, AND ADVOCACY TO ENSURE THE INTEGRITY OF THE HORSE RACING SPORT AND THE SAFETY OF ITS PARTICIPANTS.RMTC GOALS:DEVELOP AND RECOMMEND POLICIES AND PROHIBITED PRACTICES, AND ENFORCEMENT STRATEGIES REGARDING THE USE OF MEDICATIONS AND METHODS IN CONNECTION WITH TRAINING AND RACING HORSES.DEVELOP A DURABLE WORKING RELATIONSHIP WITH STATE AND NATIONAL RACING REGULATORY AUTHORITIES AND STAKEHOLDER ORGANIZATIONS BY BECOMING A RESPECTED SOURCE OF UNBIASED INFORMATION ON MEDICATION, TESTING, AND RESEARCH.STIMULATE, FOSTER, AND SOLICIT RESEARCH PROPOSALS TO IDENTIFY, DETECT, AND DETER THE USE OF NOVEL SUBSTANCES AND METHODS REPRESENTING INTEGRITY THREATS THAT ENHANCE OR DIMINISH OR OTHERWISE HAVE THE POTENTIAL TO ALTER ATHLETIC PERFORMANCE.DEFINE THE ETHICAL AND LEGITIMATE USE OF THERAPEUTIC MEDICATIONS AND/OR METHODS AND FORMULATE REASONABLE GUIDELINES CONSISTENT WITH SAID USE.DEVELOP AND RECOMMEND UNIFORM LABORATORY TECHNICAL STANDARDS, PROCEDURES, AND PERFORMANCE SPECIFICATIONS FOR ANALYTICAL METHODS AND INSTRUMENTATION USED IN THE DETECTION OF CONTROLLED MEDICATIONS AND/OR BANNED SUBSTANCES.MAINTAIN OVERSIGHT ON LABORATORY CAPABILITIES AND PERFORMANCE THROUGH THE LABORATORY ACCREDITATION PROGRAM, AUDITS BY INDEPENDENT EXPERTS, AND EXTERNAL QUALITY ASSURANCE PROGRAM SAMPLE TESTING.IDENTIFY AND PROMOTE SECURITY, SURVEILLANCE, AND INTELLIGENCE GATHERING PRACTICES AND TECHNIQUES TO SUPPORT ENFORCEMENT OF MEDICATION CONTROLS AND ANTI-DOPING REGULATIONS.ENGAGE WITH STATE AND FEDERAL REGULATORY AGENCIES TO PREVENT THE SYNTHESIS AND MANUFACTURE, IMPORTATION, PURCHASE AND/OR SALE OF ILLEGAL OR PROHIBITED SUBSTANCES INTENDED FOR USE IN HORSES ENGAGED IN RACING OR TRAINING.DEVELOP AND IMPLEMENT EDUCATIONAL PROGRAMS FOR INDUSTRY STAKEHOLDER ORGANIZATIONS RESPONSIBLE FOR MAINTAINING THE INTEGRITY OF THE SPORT AND THE HEALTH OF ITS PARTICIPANTS.ENGAGE AND COLLABORATE WITH OTHER ORGANIZATIONS REGULATING HORSERACING, OTHER EQUINE SPORTING DISCIPLINES, AND OTHER HUMAN AND ANIMAL SPORT, BOTH DOMESTIC AND INTERNATIONAL, TO ACCOMPLISH OUR MISSION. DISSEMINATE ACCURATE AND TIMELY INFORMATION TO STAKEHOLDER ORGANIZATIONS AND THE RACING PRESS VIA MULTIPLE COMMUNICATION CHANNELS.Expenses $751,671 · grants $187,826 · revenue $276,325
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
- 72-1559413
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Animal-related (D12)
- Assets (IRS master file)
- $568,320
- Income (IRS master file)
- $522,255
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $522,255 | $887,587 | $568,320 | XML |
| 990 | December 2023 | $461,111 | $662,997 | $879,800 | XML |
| 990 | December 2022 | $718,573 | $591,672 | $1,081,317 | 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 72-1559413).
Questions about RACING MEDICATION AND TESTING CONSORTIUM INC
- What is the EIN of RACING MEDICATION AND TESTING CONSORTIUM INC?
- The employer identification number (EIN) of RACING MEDICATION AND TESTING CONSORTIUM INC is 72-1559413.
- Is RACING MEDICATION AND TESTING CONSORTIUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to RACING MEDICATION AND TESTING CONSORTIUM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RACING MEDICATION AND TESTING CONSORTIUM 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 RACING MEDICATION AND TESTING CONSORTIUM 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 RACING MEDICATION AND TESTING CONSORTIUM 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 RACING MEDICATION AND TESTING CONSORTIUM INC?
- The 990 for the year ended December 31, 2024 names ALEX WALDROP.
- Who are the officers and directors of RACING MEDICATION AND TESTING CONSORTIUM INC?
- The 990 for the year ended December 31, 2024 lists 26 people; 1 received compensation from the organization, the highest $220,050 (MICHAEL D HARDY, EXECUTIVE DIRECTOR).
- How much revenue does RACING MEDICATION AND TESTING CONSORTIUM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $522,255, expenses of $887,587 and total assets of $568,320 at year end.
Other nonprofits in LEXINGTON
- THOROUGHBRED AFTERCARE ALLIANCE FOUNDATION INC EIN 45-4783644 · last filed 990 for 2025
- LEXINGTON HUMANE SOCIETY EIN 61-0444762 · last filed 990 for 2025
- NEW VOCATION RACEHORSE ADOPTION PROGRAM EIN 31-1681380 · last filed 990 for 2024
- MORGAN HORSE FOUNDATION INC EIN 92-2410104 · last filed 990 for 2025
- AMERICAN SADDLEBRED HORSE AND BREEDERS ASSOCIATION INC EIN 61-1182397 · last filed 990 for 2024
- BROOKE USA INC EIN 33-1173163 · last filed 990 for 2025
- WOODSTOCK ANIMAL FOUNDATION INC EIN 36-3857844 · last filed 990 for 2025
- THOROUGHBRED CHARITIES OF AMERICA INC EIN 26-2861555 · last filed 990 for 2025