2026-02-10T14:39:35-06:00 2025-03-31 621199757 LBMC PC 325 WEST MAIN STREET STE 1600 LOUISVILLE KY 40202 990 2024-04-01 133985050 NATIONAL THOROUGHBRED RACING ASSOCIATION INC NATI 8592456872 401 WEST MAIN STREET 222 LEXINGTON KY 40507 KEITH CHAMBLIN COO 8592456872 2026-02-10 1 0 WILLIAM G MEYER III P00171030 5025851600 2024 2025-03-06 01:10:19Z KEITH CHAMBLIN 401 WEST MAIN STREET 222 LEXINGTON KY 40507 12582981 0 X WWW.NTRA.COM X 1998 DE 1. THE NTRA IS A BROADLY DEFINED MEMBERSHIP ASSOCIATION CHARGED WITH INCREASING THE POPULARITY, WELFARE AND INTEGRITY OF THOROUGHBRED BREEDING AND RACING. 20 17 13 17 365649 0 1809999 3885970 6249838 6603172 450045 530704 697817 676237 9207699 11696083 0 0 0 0 2064056 1934338 0 0 0 7867459 11732226 9931515 13666564 -723816 -1970481 18145577 18554324 3903470 6287313 14242107 12267011 X THE NTRA IS A BROADLY DEFINED MEMBERSHIP ASSOCIATION THAT IS CHARGED WITH INCREASING THE POPULARITY, WELFARE AND INTEGRITY OF THOROUGHBRED RACING. 0 0 THE NTRA'S FEDERAL LEGISLATIVE ADVOCACY TEAM ADDRESSES ISSUES THAT HAVE A DIRECT AND MATERIAL IMPACT ON THOROUGHBRED INDUSTRY PARTICIPANTS AND THEIR BUSINESS ACTIVITIES, WHETHER THOSE ACTIVITIES RELATE TO RACING, BREEDING OR PARI-MUTUEL WAGERING.THE LEGISLATIVE TEAM HAS SECURED PASSAGE OF LEGISLATION TO LEGALIZE ONLINE PARI-MUTUEL WAGERING UNDER THE INTERSTATE HORSERACING ACT. THE TEAM FOR MORE THAN A DECADE ADVOCATED FOR AND EVENTUALLY SECURED CHANGES TO THE TAX CODE THAT MODERNIZED IRS REGULATIONS RELATING TO THE REPORTING AND WITHHOLDING OF PARI-MUTUEL WINNINGS. THE TEAM WORKS ON AN ONGOING BASIS TO SECURE FAVORABLE TAX REFORM DESIGNED TO STIMULATE INVESTMENT IN THOROUGHBRED BLOODSTOCK. OTHER FEDERAL LEGISLATIVE TARGETS INCLUDE IMMIGRATION AND SPORTS BETTING. THE NTRA REACHES ITS TWO PRIMARY CONSTITUENCIES-RACING CUSTOMERS AND INDUSTRY STAKEHOLDERSTHROUGH A COMBINATION OF PAID, EARNED AND SOCIAL MEDIA.THE NTRA'S MOST POPULAR PROMOTION IS THE NATIONAL HORSEPLAYERS CHAMPIONSHIP (NHC), WITH PRIZE MONEY AND AWARDS TOTALING MORE THAN $3.5 MILLION. THE NHC IS HELD EACH FEBRUARY IN LAS VEGAS, NV.THE NTRA OWNS AND PRODUCES THE ECLIPSE AWARDS, WHICH ANNUALLY RECOGNIZES HUMANS AND EQUINES FOR THEIR CHAMPIONSHIP PERFORMANCES IN NORTH AMERICA.BACKED BY 55 RACETRACKS, ALL MAJOR HORSEMEN'S GROUPS, AND MANY OTHER INDUSTRY STAKEHOLDER ORGANIZATIONS, THE NTRA IN 2009 FORMED THE SAFETY AND INTEGRITY ALLIANCE TO ESTABLISH AND IMPLEMENT NATIONAL STANDARDS AND REFORMS RELATING TO SAFETY, INTEGRITY AND THE WELFARE OF THE THOROUGHBRED.THROUGH A CODE OF STANDARDS AND AN ACCREDITATION PROCESS, THE ALLIANCE INSTITUTES AN EVOLVING SET OF STANDARDS RELATED TO THE FOLLOWING AREAS: 1) INJURY REPORTING AND PREVENTION; 2) A SAFER RACING ENVIRONMENT; 3) UNIFORM EQUINE MEDICATION, TESTING AND PENALTIES; 4) JOCKEY SAFETY, 5) THOROUGHBRED AFTERCARE AND 6) WAGERING INTEGRITY. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 139 0 1 13 1 1 1 0 0 0 0 0 0 0 X 20 17 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KEITH CHAMBLIN 8592456872 401 WEST MAIN STREET 222 LEXINGTON KY 40507 THOMAS ROONEY CEO 50.00 1.00 X X 381587 0 16168 KEITH CHAMBLIN COO 50.00 1.00 X X 300746 0 12717 TINA BOND DIRECTOR 5.00 1.00 X 0 0 0 DAVID O'FARRELL DIRECTOR 5.00 1.00 X 0 0 0 SHANNON ARVIN BISHOP DIRECTOR 5.00 1.00 X 0 0 0 DAVID O'ROURKE DIRECTOR 5.00 1.00 X 0 0 0 LOU CELLA DIRECTOR 5.00 1.00 X 0 0 0 MIKE ROGERS DIRECTOR 5.00 1.00 X 0 0 0 DENNIS DRAZIN DIRECTOR 5.00 1.00 X 0 0 0 JOSH RUBINSTEIN DIRECTOR 5.00 1.00 X 0 0 0 DREW FLEMING DIRECTOR 5.00 1.00 X 0 0 0 JUDY WAGNER DIRECTOR 5.00 1.00 X 0 0 0 JIM GAGLIANO DIRECTOR 5.00 1.00 X 0 0 0 JOE WILSON DIRECTOR 5.00 1.00 X 0 0 0 MIKE ZIEGLER DIRECTOR 5.00 1.00 X 0 0 0 GEORGANNA LILLY TREASURER 50.00 1.00 X X 121730 0 4521 ANDREW MOORE DIRECTOR 5.00 1.00 X 0 0 0 BILL NADER DIRECTOR 5.00 1.00 X 0 0 0 BILL KNAUF DIRECTOR 5.00 1.00 X 0 0 0 CHRIS MCERLEAN DIRECTOR 5.00 1.00 X 0 0 0 FREDERICK WIDAMAN SENIOR VP OF NTRA ADVANTAG 50.00 1.00 X 0 181623 8319 MEGHAN RODGERS SENIOR VP OF COMMUNICATION 50.00 1.00 X 196281 0 5167 STEPHEN DRISKILL SR SALES DIRECTOR NTRA ADV 50.00 1.00 X 0 180579 6237 MICHELE RAVENCRAFT SENIOR VP OF EVENTS 50.00 1.00 X 137697 0 5306 JORDAN BONFITTO DIRECTOR OF GOVERNMENT AFF 50.00 1.00 X 139514 0 4250 TANNIS PRIMM SR SALES MANAGER NTRA ADVA 50.00 1.00 X 0 131047 9462 JOSEPH BACIGALUPO SR VICE PRESIDENT OF EXTERNAL AFFAIRS 50.00 1.00 X 125521 0 7918 DAVID FITE VICE PRESIDENT OF IT AND PHYSICAL SECURITY 50.00 1.00 X 121098 0 15106 1524174 493249 95171 11 0 1 0 THE CONOVER ADVERTISING CO INC 77 N WASHINGTON ST BOSTON MA 02114 ADVERTISING 4232305 VENTURE GOVERNMENT STRATEGIES LLC 4900 N SCOTTSDALE RD STE 4800 SCOTTSDALE AZ 85251 LEGAL SERVICES 187500 THE RUSSELL GROUP 1550 CRYSTAL DRIVE STE 410 ARLINGTON VA 22202 LEGAL SERVICES 180000 SQUIRE PATTON BOGGS LLP 555 S FLOWER ST 31ST FLOOR LOS ANGELES CA 90071 LEGAL SERVICES 180000 FGS GLOBAL (US) LLC LOCKBOX 9962/PO BOX 8500 PHILADELPHIA PA 19178 ADVERTISING 131950 6 3885970 3885970 NATIONAL PROGRAMS 900099 6603172 6603172 6603172 472563 365649 106914 945039 886898 58141 58141 58141 OTHER INCOME 561000 676237 676237 676237 11696083 6603172 365649 841292 837469 840964 32305 119135 104465 43165 62060 630000 153637 31178 97099 157280 197728 207934 6751 2082 33253 97014 NATIONAL MARKETING PROG 9713021 LEGISLATIVE PROGRAMS 167090 OTHER 100647 BAD DEBT 22287 10000 13666564 2469892 4331700 1405087 1778388 740537 661618 9520250 8444638 565520 478155 769580 734405 48138 35175 1900915 1535579 601088 601088 894150 687983 18145577 18554324 2591435 5097381 551969 573067 760066 616865 3903470 6287313 X 14242107 12267011 14242107 12267011 18145577 18554324 -1970481 -4615 0 X X 0 1 X 1 0 0 0 1 1742553 665210 427 665637 772046 -106409 128913 128496 417 6083 6083 0 634584 599826 34758 35175 LEASE LIABILITY - OPERATING LEASE 616865 616865 X PART X, LINE 2: THE NTRA IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. HOWEVER, CERTAIN ACTIVITIES OF NTRA ARE SUBJECT TO TAX AS UNRELATED BUSINESS INCOME. THERE WERE NO TAXES DUE FOR THE YEARS ENDED MARCH 31, 2025 AND MARCH 31, 2024. THE ASSOCIATION'S OPEN AUDIT YEARS ARE 2021 THROUGH 2024. IN EVALUATING THE ASSOCIATION'S TAX STATUS AND POTENTIAL LIABILITIES, INTERPRETATIONS AND TAX STRATEGIES ARE CONSIDERED. THE ASSOCIATION BELIEVES ITS ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PRESCRIBE A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD MEASURE, RECOGNIZE, PRESENT AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT AN ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. THERE IS NO IMPACT ON THE ASSOCIATION'S CONSOLIDATED FINANCIAL STATEMENTS AS A RESULT OF THE APPLICATION OF THESE ACCOUNTING PRINCIPLES. X X 0 0 0 THOMAS ROONEY CEO 381587 0 0 0 0 0 10432 0 5736 0 397755 0 0 0 KEITH CHAMBLIN COO 300746 0 0 0 0 0 9171 0 3546 0 313463 0 0 0 MEGHAN RODGERS SENIOR VP OF COMMUNICATION 196281 0 0 0 0 0 5167 0 0 0 201448 0 0 0 FREDERICK WIDAMAN SENIOR VP OF NTRA ADVANTAG 0 181623 0 0 0 0 0 5989 0 2330 0 189942 0 0 STEPHEN DRISKILL SR SALES DIRECTOR NTRA ADV 0 180579 0 0 0 0 0 5114 0 1123 0 186816 0 0 FORM 990, PART VI, SECTION A, LINE 6 NATIONAL THOROUGHBRED RACING ASSOCIATION IS A NATIONAL TRADE ASSOCIATION OF MEMBERS FROM THE THOROUGHBRED HORSERACING INDUSTRY (RACETRACKS AND HORSEMAN, OWNERS AND BREEDERS) FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS SHALL BE COMPRISED OF DIRECTORS WITH THE FOLLOWING REPRESENTATIONS/ AFFILIATIONS: (A) UP TO SEVEN (7) DIRECTORS SHALL BE REPRESENTATIVES OF THE FOLLOWING MEMBERS OF THE CORPORATION, SO LONG AS SUCH ENTITIES ARE MEMBERS OF THE CORPORATION (HEREAFTER REFERRED TO AS THE "SPECIFIC ENTITY REPRESENTATIVES"): ONE (1) REPRESENTATIVE OF THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION; ONE (1) REPRESENTATIVE OF THOROUGHBRED OWNERS OF CALIFORNIA; ONE (1) REPRESENTATIVE OF THE JOCKEY CLUB; ONE (1) REPRESENTATIVE OF THOROUGHBRED HORSEMEN'S ASSOCIATION; ONE (1) REPRESENTATIVE OF BREEDERS' CUP LIMITED; ONE (1) REPRESENTATIVE OF NEW YORK RACING ASSOCIATION, INC.; AND ONE (1) REPRESENTATIVE OF KEENELAND ASSOCIATION. (B) UP TO TEN (10) DIRECTORS MAY INCLUDE, BUT NOT BE LIMITED TO, REPRESENTATIVES OF THE FOLLOWING INDUSTRIES (HEREAFTER REFERRED TO AS THE "GENERAL REPRESENTATIVES"): THOROUGHBRED HORSE RACING TRACKS; RACE TRACK ORGANIZATIONS, ORGANIZATIONS OF THOROUGHBRED OWNERS, BREEDERS OR TRAINERS; ADVANCED DEPOSIT WAGERING ENTITIES; CUSTOMERS OF ENTITIES IN THE THOROUGHBRED INDUSTRY OR TRADE ASSOCIATIONS FOR BREEDS OF HORSES OTHER THAN THOROUGHBREDS. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER OF THE NTRA REVIEWS AND APPROVES THE FORMS 990 AND FORMS 990-T PREPARED BY THE ORGANIZATIONS ACCOUNTING FIRM. ALL MEMBERS OF THE GOVERNING BODY OF THE NTRA ARE PROVIDED A COPY OF THIS FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH THE BUSINESS ETHICS AND CONFLICT OF INTEREST POLICY OF NATIONAL THOROUGHBRED RACING ASSOCIATION, INC. ("NTRA"), EACH DIRECTOR, OFFICER AND EMPLOYEE OF NTRA MUST PROVIDE INFORMATION REGARDING POTENTIAL CONFLICTS OF INTEREST INVOLVING ANY BUSINESS ENTERPRISE WITH WHICH THE NTRA HAS A BUSINESS RELATIONSHIP. CFO MONITORS CONFLICT OF INTEREST POLICY BY REVEIWING MOST CHECKS, REVIEWING THE GENERAL LEDGER, READING ALL CONTRACTS AND SENDING OUT THE ANNUAL DISCLOSURE CONFLICT OF INTEREST POLICY TO THE BOARD. ANY CONFLICTS OF INTEREST ARE TAKEN TO THE BOARD FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS OF THE NATIONAL THOROUGHBRED RACING ASSOCIATION REVIEW AND APPROVE THE SALARY, BONUSES, ETC., PROVIDED IN THE CEO'S CONTRACT AND THE FINANCE COMMITTEE REVIEWS AND APPROVES SALARY INCREASES AND BONUSES VIA APPROVAL OF THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND VIA WEBSITE. FORM 990, PART XII, LINE 2C: THE ACCOUNTING FIRM IS RECOMMENDED BY THE AUDIT COMMITTEE OVERSEEN BY THE CFO. THE ENTIRE PROCESS IS MONITORED BY THE CFO AND BOARD TREASURER. NTRA INVESTMENTS 2525 HARRODSBURG ROAD STE 510 LEXINGTON KY 40504 223662870 SPORTS PROGRAMMING KY NTRA INC NTRA PRODUCTIONS 2525 HARRODSBURG ROAD STE 510 LEXINGTON KY 40504 223662871 SPORTS PROGRAMMING KY NTRA INVESTMENTS NTRA CHARITIES INC 2525 HARRODSBURG ROAD STE 510 LEXINGTON KY 40504 311695785 THOROUGHBRED INDUSTRY-RELATED COMMUNITY OUTREACH, RESEARCH FUNDING DE 501(C)(3) LINE 7 NTRA INC 1 EQUISOURCE LLC DBA NTRA ADVANTAGE 2525 HARRODSBURG ROAD STE 510 LEXINGTON KY 40504 611322259 INDUSTRY GROUP PURCHASING AGENT KY NATIONAL THOROUGHBRED RACING ASSOCIATION C 1211308 1478920 1.00000 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 EQUISOURCE LLC DBA NTRA ADVANTAGE A 340610 AFR EQUISOURCE LLC DBA NTRA ADVANTAGE D 8421181 FMV EQUISOURCE LLC DBA NTRA ADVANTAGE N 676236 ALLOCATION