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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.
Source: IRS Form 990 (Tax Year 2025)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$51.5M
Total Contributions
$0
Total Expenses
▼$58M
Total Assets
$123.7M
Total Liabilities
▼$22.7M
Net Assets
$101.1M
Officer Compensation
→$2.2M
Other Salaries
$2.5M
Investment Income
$1.9M
Fundraising
▼N/A
Tax Year 2023 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $49K
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
THOROUGHBRED AFTERCARE ALLIANCE45-4783644 | LEXINGTON, KY | $49K | Cash | EQUINE FACILITY SUPPORT |
| Total | $49K | |||
LEXINGTON, KY
$49K
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2025 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Not confirmed
No additional tax-exempt status records found in ReconForce's database.
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $51.5M | $0 | $58M | $123.7M | $101.1M |
| 2023IRS e-File | $48.1M | $0 | $51.2M | $113.2M | $95.1M |
| 2022 | $60.5M | $0 | $49.4M | $117.8M | $101.7M |
| 2021 | $45.3M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2025 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2024 | 990 | DataIRS e-File | |
| 2023 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2025)
Organization info: IRS Business Master File
| Total |
|---|
| Robert Drew Fleming | President & CEO | 40 | $767.5K | $0 | $24.6K | $792.1K |
| John Keitt | Executive VP & COO | 40 | $479.3K | $0 | $43K | $522.4K |
| Justin N Mcdonald | Executive VP & Chief Marketing Officer | 40 | $278.9K | $0 | $46.4K | $325.3K |
| Dora J Delgado | Executive VP & Chief Racing Officer | 40 | $285.3K | $0 | $38.7K | $324K |
| Chad Saltzman | Vp, Controller | 40 | $130.3K | $0 | $19.8K | $150K |
| Michael Newman | Vp, Controller | 40 | $40.6K | $0 | $3,385 | $44K |
| Sarah Reeves | Corporate Secretary | 2 | $0 | $0 | $0 | $0 |
Robert Drew Fleming
President & CEO
$792.1K
Hrs/Wk
40
Compensation
$767.5K
Related Orgs
$0
Other
$24.6K
John Keitt
Executive VP & COO
$522.4K
Hrs/Wk
40
Compensation
$479.3K
Related Orgs
$0
Other
$43K
Justin N Mcdonald
Executive VP & Chief Marketing Officer
$325.3K
Hrs/Wk
40
Compensation
$278.9K
Related Orgs
$0
Other
$46.4K
Dora J Delgado
Executive VP & Chief Racing Officer
$324K
Hrs/Wk
40
Compensation
$285.3K
Related Orgs
$0
Other
$38.7K
Chad Saltzman
Vp, Controller
$150K
Hrs/Wk
40
Compensation
$130.3K
Related Orgs
$0
Other
$19.8K
Michael Newman
Vp, Controller
$44K
Hrs/Wk
40
Compensation
$40.6K
Related Orgs
$0
Other
$3,385
Sarah Reeves
Corporate Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Heather Higgins | Sr VP Corporate Partnerships | 40 | $212K | $0 | $33.9K | $245.9K |
| Michael Todd Sparks | VP Information Technology & Software Solutions | 40 | $181.2K | $0 | $39.5K | $220.8K |
| Brandy Harmon | Sr VP Ticketing & Operations | 40 | $183.2K |
Heather Higgins
Sr VP Corporate Partnerships
$245.9K
Hrs/Wk
40
Compensation
$212K
Related Orgs
$0
Other
$33.9K
Michael Todd Sparks
VP Information Technology & Software Solutions
$220.8K
Hrs/Wk
40
Compensation
$181.2K
Related Orgs
$0
Other
$39.5K
Brandy Harmon
Sr VP Ticketing & Operations
$215K
Hrs/Wk
40
Compensation
$183.2K
Related Orgs
$0
Other
$31.8K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Alan Cooper | Director | 2 | $0 | $0 | $0 | $0 |
| Alex Solis Ii | Director | 2 | $0 | $0 | $0 | $0 |
| Antony Beck | Director | 2 | $0 | $0 | $0 | $0 |
| Barbara Banke | Chairman | 2 | $0 | $0 | $0 | $0 |
| Bret Jones | Director | 2 | $0 | $0 | $0 | $0 |
| Clem Murphy | Director | 2 |
Alan Cooper
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Alex Solis Ii
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Antony Beck
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $0 |
| $52.6M |
| $95.2M |
| $76.5M |
| 2020 | $46.2M | $0 | $46.8M | $85.3M | $77.1M |
| 2019 | $51.1M | $0 | $47.2M | $69.7M | $68.8M |
| 2018 | $49.5M | $0 | $48.2M | $63.5M | $62.8M |
| 2017 | $45.2M | $0 | $42.4M | $57.1M | $53.9M |
| 2016 | $44.2M | $0 | $40.9M | $53M | $48.8M |
| 2015 | $40.2M | $0 | $42M | $54.5M | $47.2M |
| 2014 | $38.7M | $0 | $42.1M | $60.8M | $45.5M |
| 2013 | $40.9M | $0 | $42.9M | $52.9M | $45M |
| 2012 | $797.7K | $0 | $689.9K | $49.5M | $43.7M |
| 2011 | $45.3M | $0 | $41.6M | $53.9M | $42.6M |
| 2022 | 990 | Data |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| $0 |
| $31.8K |
| $215K |
| Stephanie Palmieri | VP Events | 40 | $169.7K | $0 | $20.9K | $190.6K |
| Tim Schram | VP Administration, Simulcasting | 40 | $162.6K | $0 | $20.3K | $182.8K |
Stephanie Palmieri
VP Events
$190.6K
Hrs/Wk
40
Compensation
$169.7K
Related Orgs
$0
Other
$20.9K
Tim Schram
VP Administration, Simulcasting
$182.8K
Hrs/Wk
40
Compensation
$162.6K
Related Orgs
$0
Other
$20.3K
| $0 |
| $0 |
| $0 |
| $0 |
| Elliott Walden | Director | 2 | $0 | $0 | $0 | $0 |
| Eric Gustavson | Director | 2 | $0 | $0 | $0 | $0 |
| Fred W Hertrich Iii | Director | 2 | $0 | $0 | $0 | $0 |
| Gray Lyster | Director | 2 | $0 | $0 | $0 | $0 |
| Tom Ryan | Director | 2 | $0 | $0 | $0 | $0 |
| Walker Hancock | Director | 2 | $0 | $0 | $0 | $0 |
| William S Farish Jr | Director | 2 | $0 | $0 | $0 | $0 |
Barbara Banke
Chairman
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Bret Jones
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Clem Murphy
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Elliott Walden
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Eric Gustavson
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Fred W Hertrich Iii
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Gray Lyster
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Tom Ryan
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Walker Hancock
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
William S Farish Jr
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0