Jockey Club
- Assets
- $75.5m
- Revenue
- $12.8m
- Investments
- $2.7m
- Employees
- 36
- Location
- New York, NY
- Founding
- 08/1990
- Data as of
- 12/2023
- EIN
- 13-0888345
Organization Overview
Jockey Club is located in New York, NY. The organization was established in 1990. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Jockey Club employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jockey Club is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Jockey Club generated $12.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $14.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jockey Club has awarded 26 individual grants totaling $8,338,407. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE JOCKEY CLUB IS THE BREED REGISTRY FOR THOROUGHBRED HORSES IN THE U.S., CANADA AND PUERTO RICO. IT IS DEDICATED TO THE IMPROVEMENT OF THOROUGHBRED BREEDING AND RACING AND FULFILLS THAT MANDATE BY SERVING MANY SEGMENTS OF THE INDUSTRY THROUGH ITS SUBSIDIARY COMPANIES AND BY SUPPORTING INDUSTRY INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOCKEY CLUB IS THE BREED REGISTRY FOR THOROUGHBRED HORSES IN THE UNITED STATES, CANADA, AND PUERTO RICO. THE JOCKEY CLUB WAS FORMED IN 1894 AND ASSUMED RESPONSIBILITY FOR MAINTAINING THE AMERICAN STUD BOOK TWO YEARS LATER. THE STUD BOOK ENSURES THE CORRECT PEDIGREE AND IDENTIFICATION OF EVERY THOROUGHBRED AND, AS SUCH, IS ESSENTIAL TO THE INTEGRITY OF THOROUGHBRED BREEDING AND RACING. NORTH AMERICAN OWNERS AND BREEDERS REGISTER APPROXIMATELY 18,500 THOROUGHBREDS ANNUALLY WITH THE JOCKEY CLUB. AN INCREASING NUMBER ARE DOING SO THROUGH THE CONVENIENCE OF THE INTERNET UTILIZING THE JOCKEY CLUB'S INTERACTIVE REGISTRATION (IR). THIS IS THE QUICKEST AND EASIEST WAY TO COMPLETE AND SUBMIT THE REQUIREMENTS FOR REGISTRATION AND NAMING OF FOALS, INCLUDING SUBMISSION OF DIGITAL PHOTOGRAPHS. THE ORGANIZATION IS EXPECTED TO REGISTER 18,000 THOROUGHBRED FOALS IN 2024.
CONFERENCES: SINCE 1953, THE JOCKEY CLUB HAS HELD AN ANNUAL ROUND TABLE CONFERENCE ON MATTERS PERTAINING TO RACING IN SARATOGA SPRINGS, NY. THE TWO-HOUR CONFERENCE HAS FEATURED A MYRIAD OF IMPORTANT TOPICS AND PROMINENT SPEAKERS FROM THE UNITED STATES AS WELL AS ABROAD AND MORE THAN 300 INDUSTRY PARTICIPANTS NOW ATTEND. THE CONFERENCE EXAMINES INITIATIVES AND ACTIONS DESIGNED TO HELP THE THOROUGHBRED INDUSTRY.
THE PUBLICATION OF THE FACT BOOK, WHICH IS A COMPREHENSIVE STATISTICAL AND INFORMATIONAL GUIDE TO THE THOROUGHBRED INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary/treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Steward | Trustee | 1 | $0 |
Name Not Listed Steward | Trustee | 1 | $0 |
Name Not Listed Steward | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Regents Of Ucuniversity Of Ca Davis Dna Typing | 12/30/23 | $287,419 |
5 Stones Intelligence Accounting Department Consulting Services | 12/30/23 | $178,626 |
Stoll Keenon Ogden Pllc Legal Services | 12/30/23 | $117,554 |
Crowe Llp Accounting Services | 12/30/23 | $107,135 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,117,901 |
| Investment income | $433,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,541 |
| Net Gain/Loss on Asset Sales | $797,615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,757,536 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,477,725 |
| Grants and other assistance to domestic individuals. | $76,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,051,283 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,518,326 |
| Pension plan accruals and contributions | $121,330 |
| Other employee benefits | $120,867 |
| Payroll taxes | $237,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $333,235 |
| Fees for services: Accounting | $111,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $235,573 |
| Advertising and promotion | $120,831 |
| Office expenses | $440,752 |
| Information technology | $2,747,774 |
| Royalties | $0 |
| Occupancy | $547,595 |
| Travel | $373,289 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $245,178 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,286,843 |
| Insurance | $374,653 |
| All other expenses | $190,241 |
| Total functional expenses | $14,379,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $4,413,530 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $171,575 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $851,507 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,402,841 |
| Net Land, buildings, and equipment | $5,112,997 |
| Investments—publicly traded securities | $32,860,115 |
| Investments—other securities | $2,749,463 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,933,988 |
| Total assets | $75,496,616 |
| Accounts payable and accrued expenses | $2,250,886 |
| Grants payable | $0 |
| Deferred revenue | $141,984 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $613,774 |
| Total liabilities | $3,006,644 |
| Net assets without donor restrictions | $72,489,972 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $75,496,616 |
Grants Awarded
Over the last fiscal year, Jockey Club has awarded $1,476,225 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THOROUGHBRED AFTERCARE ALLIANCE FOUNDATION PURPOSE: General Support | $1,456,225 |
ANIMAL WELLNESS ACTION PURPOSE: General Support | $10,000 |
AMPLIFY HORSE RACING INC PURPOSE: General Support | $10,000 |