Kentucky Race Track Chaplaincy Inc
- Assets
- $1.6m
- Revenue
- $481.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Simpsonville, KY
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 31-1571797
Organization Overview
Kentucky Race Track Chaplaincy Inc is located in Simpsonville, KY. The organization was established in 1998. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Kentucky Race Track Chaplaincy Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Race Track Chaplaincy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Kentucky Race Track Chaplaincy Inc generated $481.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $339.6k during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KENTUCKY RACE TRACK CHAPLAINCYVISION, MISSION AND VALUESVISIONOUR VISION IS TO BRING ABOUT THE SALVATION OF ALL PEOPLE IN THE HORSE RACING INDUSTRY THROUGH THE GOSPEL OF OUR LORD JESUS CHRIST.MISSIONOUR MISSION IS TO NURTURE THE SPIRITUAL AND MATERIAL NEEDS OF ALL PEOPLE IN THE HORSE RACING INDUSTRY AND THEIR FAMILIES THROUGH CHRISTIAN MINISTRY.VALUESWE BELIEVE JESUS CHRIST IS THE ONE TRUE GOD AND SAVIORWE BELIEVE THAT ALL PEOPLE HAVE BEEN CREATED IN THE IMAGE OF GODWE FOSTER INTERDENOMINATIONAL RELATIONS TO FULFILL OUR MISSION AND TO ACHIEVE OUR VISIONWE STRIVE TO MODEL THE LOVE AND GRACE OF GODWE TRUST IN THE TRUTH AND AUTHORITY OF THE HOLY BIBLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO NURTURE THE SPIRITUAL AND MATERIAL NEEDS OF ALL PEOPLE IN THE HORSE RACING INDUSTRY AND THEIR FAMILIES THROUGH CHRISTIAN MINISTRY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Day President | OfficerTrustee | 2 | $0 |
Daniel Fick Vice President | OfficerTrustee | 2 | $0 |
Larry Edwards Treasurer | OfficerTrustee | 1 | $0 |
Lowell Grady Secretary | OfficerTrustee | 1 | $0 |
Gary Churchman Director | Trustee | 1 | $0 |
A Deane Pierce DMD Director | Trustee | 1 | $0 |
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 | $253,517 |
| Noncash contributions included in lines 1a–1f | $40,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,517 |
| Total Program Service Revenue | $0 |
| Investment income | $110,718 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $117,629 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $481,864 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,530 |
| Grants and other assistance to domestic individuals. | $8,364 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,605 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$593 |
| Fees for services: Accounting | $495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,500 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,823 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,035 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $477 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,188 |
| Insurance | $5,754 |
| All other expenses | $31,625 |
| Total functional expenses | $339,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,133 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $721 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $277,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,259,042 |
| Total assets | $1,630,996 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,630,996 |
| 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 | $1,630,996 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Kentucky Race Track Chaplaincy Inc has recieved totaling $61,605.
| Awarding Organization | Amount |
|---|---|
Carson-Myre Charitable Foundation Paducah, KY PURPOSE: TO FUND CHRISTIAN MINISTRY | $20,000 |
Thoroughbred Charities Of America Inc Lexington, KY | | $18,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $13,100 |
Nafzger Family Charitable Foundation Tr Lexington, KY PURPOSE: OPERATING EXPENSES | $5,000 |
The Jockey Club Safety Net Foundation New York, NY PURPOSE: TO PROVIDE FINANCIAL SUPPORT TO INDIVIDUALS IN NEED. THIS FINANCIAL ASSISTANCE IS TO COVER MEDICAL, FUNERAL AND BASIC LIVING EXPENSES ON A TEMPORARY BASIS FOR INDIVIDUALS WITH PROLONGED ILLNESS OR PERMANENT DISABILITIES. | $2,500 |
James B Tafel Foundation Cary, IL PURPOSE: CHARITABLE | $1,500 |
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