BREEDERS CUP LIMITED Charity Report

Public IRS 990 nonprofit record

BREEDERS CUP LIMITED

EIN 13-3082904 · Professional Athletic Leagues (N80)

What they do

to CONDUCT THE BREEDERS CUP WORLD CHAMPIONSHIPS AT THE HIGHEST LEVELS of QUALITY, SAFETY and INTEGRITY and to PROMOTE THE GROWTH of THOROUGHBRED BREEDING, RACING and SALES THROUGH PROACTIVE LEADERSHIP, INNOVATION and SERVICE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders25 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

101.33%of revenue went to mission work100.0% of expenses · Program services

$112.61spent for every $100 of revenueSpending was higher than revenue this year.

$2.14in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $6,490,032 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $792,057 for ROBERT DREW FLEMING (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$46,230,829

Mission workProgram services$46,844,817101.33% of revenue100.0% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$46,844,817101.33% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2020CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 101.33% of revenue

2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 92.48% of revenue

2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 97.37% of revenue

2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 93.79% of revenue

Money in and money out

Revenue$51,462,177

Expenses$57,952,209

Annual shortfall $6,490,032 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$46,844,817 · 80.8% of expenses

See all reported dollar amounts

Revenue$51,462,177

Expenses$57,952,209

Assets$123,730,032

Income$54,820,767

Mission work (program services)$46,844,817

Grants given$288,299

Average grant$48,050

Stocks and bonds$73,274,851

Accounting fees$117,568

Investing fees$385,316

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ROBERT DREW FLEMINGPRESIDENT & CEO · 40 hrs/week $792,057Base $767,483 · Other $24,574

JOHN KEITTEXECUTIVE VP & COO · 40 hrs/week $522,367Base $479,326 · Other $43,041

JUSTIN N MCDONALDEXECUTIVE VP & CHIEF MARKETING OFFICER · 40 hrs/week $325,278Base $278,917 · Other $46,361

DORA J DELGADOEXECUTIVE VP & CHIEF RACING OFFICER · 40 hrs/week $324,040Base $285,310 · Other $38,730

HEATHER HIGGINSSR VP CORPORATE PARTNERSHIPS · 40 hrs/week $245,910Base $211,993 · Other $33,917

MICHAEL TODD SPARKSVP INFORMATION TECHNOLOGY & SOFTWARE SOLUTIONS · 40 hrs/week $220,798Base $181,249 · Other $39,549

BRANDY HARMONSR VP TICKETING & OPERATIONS · 40 hrs/week $215,030Base $183,192 · Other $31,838

STEPHANIE PALMIERIVP EVENTS · 40 hrs/week $190,591Base $169,691 · Other $20,900

TIM SCHRAMVP ADMINISTRATION, SIMULCASTING · 40 hrs/week $182,824Base $162,554 · Other $20,270

CHAD SALTZMANVP, CONTROLLER · 40 hrs/week $150,046Base $130,261 · Other $19,785

MICHAEL NEWMANVP, CONTROLLER · 40 hrs/week $43,951Base $40,566 · Other $3,385

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (25)

ROBERT DREW FLEMINGPRESIDENT & CEO

JOHN KEITTEXECUTIVE VP & COO

JUSTIN N MCDONALDEXECUTIVE VP & CHIEF MARKETING OFFICER

DORA J DELGADOEXECUTIVE VP & CHIEF RACING OFFICER

HEATHER HIGGINSSR VP CORPORATE PARTNERSHIPS

MICHAEL TODD SPARKSVP INFORMATION TECHNOLOGY & SOFTWARE SOLUTIONS

BRANDY HARMONSR VP TICKETING & OPERATIONS

STEPHANIE PALMIERIVP EVENTS

TIM SCHRAMVP ADMINISTRATION, SIMULCASTING

CHAD SALTZMANVP, CONTROLLER

MICHAEL NEWMANVP, CONTROLLER

GRAY LYSTERDIRECTOR

WILLIAM S FARISH JRDIRECTOR

WALKER HANCOCKDIRECTOR

TOM RYANDIRECTOR

SARAH REEVESCORPORATE SECRETARY

ALAN COOPERDIRECTOR

FRED W HERTRICH IIIDIRECTOR

ERIC GUSTAVSONDIRECTOR

ELLIOTT WALDENDIRECTOR

CLEM MURPHYDIRECTOR

BRET JONESDIRECTOR

BARBARA BANKECHAIRMAN

ANTONY BECKDIRECTOR

ALEX SOLIS IIDIRECTOR

About this charity

Recognized since: January 1982
Location: 215 WEST MAIN STREET SUITE 250, LEXINGTON, KY 40507
County: Fayette
In care of: CHAD SALTZMAN
Primary officer: CHAD SALTZMAN, VICE PRESIDENT, FINANCE

How to reach them

WebsiteVisit the charity’s website Phone(859) 422-2615

Filing and classification

Latest tax year: 2024
Tax period began: February 1, 2024
Return type: 990
Tax preparer: DEAN DORTON ALLEN FORD PLLC
NTEE classification: Professional Athletic Leagues (N80)
IRS tax category: Professional Athletic Leagues
Grant-giving organization: Yes