THE THOROUGHBRED CLUB OF AMERICA INC Charity Report

Public IRS 990 nonprofit record

THE THOROUGHBRED CLUB OF AMERICA INC

EIN 61-0488425 · Professional Athletic Leagues (N80)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.70 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 2025The charity has a recent tax report to read.

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

They name their leaders13 people are listed in the latest report.

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

Money made simple

65.14%of revenue went to mission work76.7% of expenses · Program services

$84.94spent for every $100 of revenueRevenue covered expenses this year.

20.10%of revenue went to management and office costs23.7% of expenses

$1.57in assets for every $1 spent this yearSome assets cannot be spent right away.

0.5%of its money came from giftsOther money may come from services or investments.

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.

Pay context: The highest compensation shown in this filing is $175,769 for LAURA GARDNER (GENERAL MANAGER). 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 2025

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$3,382,477

Mission workProgram services$2,203,32365.14% of revenue76.7% of expenses

ManagementOffice and general costs$679,90120.10% of revenue23.7% of expenses

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

Revenue left after expensesReported annual surplus$509,45715.06% of revenueShown in gray on the chart

Total expenses$2,873,02084.94% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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

2025CurrentExpense mix: 76.7% mission · 23.7% management · 0.0% fundraisingTotal expenses: 84.94% of revenue

2024Expense mix: 75.8% mission · 24.2% management · 0.0% fundraisingTotal expenses: 91.46% of revenue

2023Expense mix: 76.4% mission · 23.6% management · 0.0% fundraisingTotal expenses: 83.26% of revenue

2022Expense mix: 76.7% mission · 23.3% management · 0.0% fundraisingTotal expenses: 90.68% of revenue

2021Expense mix: 53.1% mission · 24.2% management · 0.0% fundraisingTotal expenses: 93.78% of revenue

2020Expense mix: 52.4% mission · 22.7% management · 0.0% fundraisingTotal expenses: 102.36% of revenue

2019Expense mix: 53.2% mission · 23.0% management · 0.0% fundraisingTotal expenses: 88.74% of revenue

2018Expense mix: 81.4% mission · 21.0% management · 0.0% fundraisingTotal expenses: 85.94% of revenue

Money in and money out

Revenue$3,382,477

Expenses$2,873,020

Annual surplus $509,457 Revenue was higher than expenses 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)$2,203,323 · 76.7% of expenses

Management and office costs$679,901 · 23.7% of expenses

See all reported dollar amounts

Revenue$3,382,477

Expenses$2,873,020

Assets$4,504,787

Income$3,384,837

Contributions$17,700

Mission work (program services)$2,203,323

Management and general$679,901

Accounting fees$34,251

People

Leadership and board

Tax year 2025

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

People reported as paid

Person and titleCompensation

LAURA GARDNERGENERAL MANAGER · 40 hrs/week $175,769

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 (13)

LAURA GARDNERGENERAL MANAGER

BERNARD SAMS JRDIRECTOR

BRYAN SCHNABELDIRECTOR

CHARLES H BODENPAST PRESIDENT

JIMMY LANFORDSECR.-TREAS

JOE MILLERVICE PRESIDENT

LESLEY HOWARDDIRECTOR

LYNN HANCOCKDIRECTOR

MEG LEVYDIRECTOR

ROSEMARY HUNDLEYDIRECTOR

SUSAN BUNNINGDIRECTOR

SUSAN SPECKERTSERGEANT-AT-ARM

W CHAPMAN HOPKINSPRESIDENT

About this charity

Recognized since: January 1974
Location: PO BOX 8098, LEXINGTON, KY 40533-8098
County: Fayette
In care of: W CHAPMAN HOPKINS
Primary officer: W CHAPMAN HOPKINS, President

How to reach them

WebsiteVisit the charity’s website Phone(859) 254-4282

Filing and classification

Latest tax year: 2025
Tax period began: January 1, 2025
Return type: 990
Tax preparer: SUMMERS MCCRARY & SPARKS PSC
NTEE classification: Professional Athletic Leagues (N80)
IRS tax category: Professional Athletic Leagues