KENTUCKY HORSE PARK FOUNDATION INC
4075 Iron Works Pkwy
Lexington KY 40511
Contact Information
Nonprofit KENTUCKY HORSE PARK FOUNDATION INC
Address 4075 Iron Works Pkwy
Lexington, KY 40511
Phone (859) 255-5727
Fax 859 254-7121
Contact Name Kathy Meyer
At A Glance
IRS Ruling Year 1985
Financial Summary
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
Statements
Mission Statement The Kentucky Horse Park Foundation is a 501 (c)3 organization dedicated to enhancing, expanding and improving the Kentucky Horse Park.
Background Statement
The Kentucky Horse Park, located on over 1,200 acres in the heart of Kentucky, is known throughout the horse industry as a competition facility and working horse farm and to visitors from around the world as a beautiful and serene tourist destination. The Kentucky Horse Park celebrates the horse, in all its forms and interactions with humans. It is the world’s only park dedicated to humankind’s relationship with –and love for- the horse.  Over one million visitors travel to the park annually to explore their own personal relationship with horses.
 
The Kentucky Horse Park Foundation is solely dedicated to raising private philanthropic support to benefit the Kentucky Horse Park. Since its inception in 1985, the Kentucky Horse Park Foundation has contributed over 25 million dollars worth of improvements, helping to make the Kentucky Horse Park the leading equestrian facility of its kind in the world. Private contributions are vital to achieving the vision for the park. 
Impact Statement
The Kentucky Horse Park Foundation is proud of its accomplishments over the past several years that, through the support of private donors, have made a substantial impact on the life of the park. 
 
Perhaps most notably, the foundation has raised over $4 million towards funding the construction of a climate controlled barn complex.  This complex allows the park to function as a competition facility 365 days per year and is integral to the park's reputation as one of the world's leading equestrian facilities.
 
The foundation is also proud of improving the overall quality of the park through the general operating support it provides.  Donations to the Man o' War Society of Annual Giving support the park's Education Department, the International Museum of the Horse, competition facilities, and the care and purchase of park horses.  
 
The foundation has been instrumental in raising support for a Field Trip Fund that annually gives nearly 8,000 Kentucky elementary school children the opportunity to tour the park with their classroom, regardless of the school's ability to pay. 
  
In the current fiscal year, the foundation is focused on raising funds for the following projects:
  1)  Growing the Nina Bonnie Endowment, which will enable the park to support its new facilities and ultimately achieve financialy self-sufficiency.  
   3)  Growing the Man o' War Society membership to support the park's annual operating needs.
   4)  Raising capital to funds to support capital needs at the park which are ongoing.  
   5)  Continuing to improve and expand programming at the Kentucky Horse Park, including the International Museum of the Horse, the Kentucky Horse Park Mustang Troop and the Kentucky Horse Park Field Trip Fund.
 
Needs Statement
The Kentucky Horse Park Foundation seeks operating funds on an annual basis through its Man o' War Society of Annual Giving and has set a goal of $450,000 for the current fiscal year.
 
The Kentucky Horse Park Foundation needs to grow its endowment fund to ensure the future of the park and help the park attain financial self-sufficiency.  To date, $2.4 million has been raised, towards an ultimate endowment goal of $35 million.
 
The Kentucky Horse Park Foundation is intent on developing membership in its Champions' Circle Society of Planned Giving.  Planned gift commitments will help ensure the park's stability and excellence for future generations.
 
The Kentucky Horse Park Foundation is always seeking funds for Capital Projects.  The park's capital needs are ongoing, and the KHPF is committed to ensuring the facilities remain state-of-the-art.  The KHPF is currently focused on raising capital funds to support barn renovation.   
 
Finally, the Kentucky Horse Park Foundation seeks funding for ongoing projects such as the Kentucky Horse Park Mustang Troop and the Kentucky Horse Park Field Trip Fund.  The Mustang Troop provides therapeutic riding instruction for at-risk youth through an intensive summer camp riding program.  The KHP Field Trip Fund provides thousands of Kentucky elementary school students with the opportunity to visit the Kentucky Horse Park for a special tour. 
 
CEO/Executive Director Statement
The Kentucky Horse Park is a unique gem in the heart of Kentucky - the only park in the world dedicated to celebrating human's relationship with - and love for - the horse.  Whether it is to compete on our world-famous cross-country course during the Kentucky Three-Day event or to take in a show at the daily Parade of Breeds - to wander through the incredible International Museum of the Horse or to win a ribbon in a Grand Prix event in the new Alltech Arena - over a million people come to the park each year to interact with horses here.
 
What does this have to do with the Kentucky Horse Park Foundation?  It simply would not be taking place without the generosity of friends like you who make charitable donations to the foundation throughout the year!
 
Donors to the Kentucky Horse Park Foundation help maintain and improve our world-renowed competition facilities at the park - building barns, purchasing footing, investing in the equipment used to care for the courses and rings.
 
Donors to the Kentucky Horse Park Foundation help maintain and improve our visitor experiences at the park - providing a fantastic new movie in the Visitors Center, sponsoring exhibits in the International Museum of the Horse and helping care for the dozens of horses who live here and greet our many visitors each day.
 
For those of you you who already provide charitable support through the Kentucky Horse Park Foundation, thank you for all you have done - and for all you will continue to do - on behalf of the park. 
 
For those of you contemplating making a gift, please know that every dollar donated truly makes a difference at the Kentucky Horse Park!
 
Service Categories
Secondary Organization Category Animal Related / Single Organization Support
Tertiary Organization Category Arts,Culture & Humanities / Museums
Geographic Areas Served
Areas
International
National
Kentucky
The Kentucky Horse Park receives visitors from around the world on an annual basis.  Each year, tourists and competitors travel here from all corners of the globe and nearly every state in the nation.  The park is a popular destination for school groups from across Kentucky, and our educational and outreach programs serve elementary school age children in many Kentucky counties.
Impact Questions
GoalsHelpWhat is the organization aiming to accomplish? This is the organization's ultimate goal for intended impact. The Kentucky Horse Park Foundation is focused on raising operating support through its Man o' War Society of Annual Giving, growing the Nina Bonnie Endowment, developing its planned giving program, funding capital improvements at the KHP, and supporting the park's efforts at education and outreach.
StrategiesHelpWhat are the organization's strategies for its stated long-term goals? The Kentucky Horse Park Foundation raises funds for the Kentucky Horse Park through a variety of efforts. Each year, the KHPF seeks general operating support through its Man o' War Society of Annual Giving. It is also committed to raising funds for the Nina Bonnie Endowment and various capital projects from both the private and public sector and has conducted several major gift campaigns to benefit these initiatives. The KHPF has developed partnerships with a number of private and corporate foundations and regularly applies for and receives grants which can be directed towards education and outreach efforts, capital projects, and annual support. In addition, the KHPF hosts special events which in turn serve as fundraisers for the Kentucky Horse Park. The annual Battle in the Saddle Celebrity Team Penning Event and the Southern Lights Holiday Festival are enormously popular in this community and beyond and raise significant support for the Kentucky Horse Park.
CapabilitiesHelpWhat are the organization’s capabilities for doing this? What resources, capacities, and connections support its progress towards long-term goals? The Kentucky Horse Park Foundation has a long history of success in terms of fundraising for the Kentucky Horse Park. Our Man o' War Society of Annual Giving has demonstrated steady growth since its inception. A number of capital campaigns have successfully been conducted and resulted in the construction of barn complexes, the creation of a dedicated horse path, and the renovation of buildings on the Park. The Battle in the Saddle Team Penning Event sells out each year and has a loyal following. Southern Lights attracts nearly 120,000 individuals each year and has an impressive list of corporate sponsors.
IndicatorsHelpHow will the organization know if it is making progress? What are the key qualitative and quantitative indicators against which the organization assesses its progress toward its intended impact? The Kentucky Horse Park Foundation sets fundraising goals each year and regularly charts its progress against these goals. The KHPF has goals for dollars raised through its various campaigns, for the number of grant applications submitted, and for attendance figures at its special events.
ProgressHelpWhat has and hasn’t been accomplished so far? Since its inception, the Kentucky Horse Park Foundation has given over $30 million to support the work of the Kentucky Horse Park. These funds have been directed towards a number of projects, including the construction of barns, the renovation of buildings, the addition of footing, the creation of a dedicated horse path, the purchase and care of horses, outreach and education programs, the International Museum of the Horse, and general landscaping projects. Truly, the Kentucky Horse Park Foundation's impact, and the impact of those that support it, are immeasurable at the Kentucky Horse Park.
Board Chair
Board Chair Mr. Clay H. Green
Company Affiliation Green's Toyota of Lexington
Term July 2013 to July 2018
Board Members
NameAffiliationStatus
Ms. Ann BakhausKentucky Eagle Distributing CompanyVoting
Mrs. Jane BeshearFormer First Lady of KentuckyVoting
Mrs. Caroline BooneCommunity VolunteerVoting
Mr. Derek BraunSplit Rock FarmVoting
Ms. Elizabeth CaldwellCommunity VolunteerVoting
Dr. Andrew Clark DVMConsultantVoting
Mr. Kip CornettCornett Integrated MarketingVoting
Ms. LuLu Lenihan DavisCommunity VolunteerVoting
Mrs. Barclay De WetArabella and Leatherwood WinesVoting
Ms. Tawana EdwardsGlenview Trust CompanyVoting
Dr. Dave FishbackHagyardVoting
Ms. Jennie GarlingtonCommunity VolunteerVoting
Mr. Clay GreenGreen's Automotive GroupVoting
Mrs. Linda GreenGreen's Automotive GroupVoting
Mr. Bill HilliardThomas and KingVoting
Mr. Andrew JacobsStites & HarbisonVoting
Mrs. Meg JewettL.V. HarknessVoting
Mr. Bill JusticeJustice Real EstateVoting
Mrs. Alston KerrCommunity VolunteerVoting
Ms. Teri KesslerCommunity VolunteerVoting
Mrs. Deirdre LyonsAlltech Biotechnology CenterVoting
Mr. Zeff MaloneyHeritage AntiquesVoting
Ms. Kathy MeyerUnited States Equestrian FederationVoting
Mrs. Judy MillerCommunity VolunteerVoting
Mr. Robert MorganCommunity VolunteerVoting
Mrs. Janie MusselmanCommunity VolunteerVoting
Mrs. Mary Jane NuckolsMary Jane Nuckols Interiors, Inc.Voting
Mr. Orson OliverSchneider CompaniesVoting
Ms. Lynn PedigoPedigo DesignVoting
Mrs. Eloise PennCommunity VolunteerVoting
Mrs. Catharine "Wildie" PetersonCommunity VolunteerVoting
Ms. Nicole PierattSallee Horse Vans
Mrs. Michelle PrimmCommunity VolunteerVoting
Dr. Tom RiddleRood & RiddleVoting
Mr. Walt RobertsonKeenelandVoting
Mr. Walt Robertson Jr.Stites & HarbisonVoting
Mr. Justin SautterVolomite Management, LLCVoting
Mrs. Martha SlaughterBernheim Arboretum and Research ForestVoting
Mr. Richard SturgillPine Mountain LumberVoting
Mrs. Jenny SuttonSutton CompanyVoting
Mrs. Donna WardCommunity VolunteerVoting
Mrs. Benny Bell WilliamsThe Bell GroupVoting
Ms. Jane WinegardnerWoodford HoundsVoting
Board Demographics - Ethnicity. Add number
Asian American/Pacific Islander 0
Caucasian 43
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 16
Female 27
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 0
Board Meeting Attendance % 61%
Written Board Selection Criteria? No
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 93%
Percentage Making In-Kind Contributions 100%
Constituency Includes Client Representation Yes
Number of Full Board Meetings Annually 4
Board Co-Chair
Board CoChair Mr. Andy Jacobs
Company Affiliation Stites & Harbison
Standing Committees
Nominating
Finance
Executive
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Additional Board Members and Affiliations
NameAffiliation
Mrs. Nina BonnieCommunity Volunteer
Mr. Alex BooneSterling Materials
Mr. Luther DeatonCentral Bank
Mr. Greg GoodmanMount Brilliant Farm
Mrs. Mary GuinnessSport Horse Breeding
Mrs. Dell HancockClaiborne Farm
Mr. Greg SimonCommunications Industry
Mr. Howard SimpsonUSEF
CEO/Executive Director
Executive Director Ms. Kathy Meyer
Term Start Mar 2019
Email kathy.meyer@khpfoundation.org
Staff
Full Time Staff 4
Part Time Staff 2
Volunteers 0
Contractors 0
Retention Rate 80%
Management Reports to Board? Yes
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 6
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Staff Demographics - Gender
Male 1
Female 5
Unspecified 0
Former CEOs
NameTerm
Ms. Frances DulaneyMay 2006 - Apr 2010
Mrs. Laura KlumbAug 2010 - Jan 2019
Senior Staff
Title Development Manager
Title Volunteer and Outreach Manager
Title Development Coordinator
Title Database Manager
Title Accountant
Title Executive Director
Formal Evaluations
CEO Formal Evaluation Yes
CEO/Executive Formal Evaluation Frequency Annually
Senior Management Formal Evaluation Yes
Senior Management Formal Evaluation Frequency Annually
NonManagement Formal Evaluation Yes
Non Management Formal Evaluation Frequency Annually
Description
The Kentucky Horse Park Foundation seeks to offer facilities, show rings, and tourist attractions that are well-maintained, safe, and attractive.  The capital needs of the park are ongoing, and donations to the Capital Projects Fund make a significant impact on the KHPF's ability to respond to capital requirements.  
Budget 350000
Category Recreation & Sports, General/Other Equestrian
Population Served US& International, Adults, Children and Youth (0 - 19 years)
Program Short Term Success
The success of our capital efforts will be gauged both by the competitors and show organizers' reception of the new facilities and by the ability of the park to secure world-class bookings and expand its educational programming.
Program Long term Success
The ultimate goal is that the Kentucky Horse Park will stand as the world's leading equestrian destination.
Program Success Monitored By
Success will be measured by surveys with competitors, visitors, and show organizers, as well as a financial analysis of rental income.
Examples of Program Success
The climate-controlled barn complex built through KHPF's capital efforts. was utilized during the 2010 Alltech FEI World Equestrian Games and by numerous new shows held at the park, in a variety of disciplines.  One specific example is that in March 2013, because of the barn complex, a new event, the Road to the Horse competition, was able to move to the Kentucky Horse Park, introducing new competitors and visitors to the park.
Description
The Kentucky Horse Park Foundation ultimately seeks to raise $35 million to grow the Nina Bonnie Endowment.  This permanent endowment fund will ensure that facilities and programs are maintained for future generations, and it will enable the park to achieve self-sufficiency.
Budget 35000000
Category Recreation & Sports, General/Other Equestrian
Population Served Families, Children and Youth (0 - 19 years), Adults
Program Short Term Success
In the short term, the Nina Bonnie Endowment will produce a revenue stream that will allow the park to maintain its new facilities to their current levels of excellence.
Program Long term Success
Achieving the goal set for the Nina Bonnie Endowment will allow the park to become entirely financially self-sufficient, no longer dependent on the Commonwealth of Kentucky for financial stability.
Program Success Monitored By
The success of the Nina Bonnie Endowment will be determined by the KHPF's ability to meet its overall endowment goal.
Examples of Program Success
To date, $2.4 million has been raised to initiate the Nina Bonnie Endowment at the Kentucky Horse Park Foundation.
Description
The International Museum of the Horse, an Affiliate Museum of the Smithsonian Institution, illuminates the special relationship between human and equine throughout history with its permanent collections and rotating exhibits.
Budget 500,000
Category Arts, Culture & Humanities, General/Other Museums
Population Served General/Unspecified, Children and Youth (0 - 19 years), Adults
Description
The Kentucky Horse Park Mustang Troop seeks to build Life, Social, Relationship, and Resilience skills for youth who have been victims of emotional trauma. Participating students, ages 8-18, will have the unique opportunity to build life skills through the channels of horsemanship and riding.  The Kentucky Horse Park Mustang Troop is presented in collaboration with Annie's Answer, a local non-profit dedicated to equine therapy for children.
Budget 30000
Category Youth Development, General/Other Youth Development, General/Other
Population Served K-12 (5-19 years), At-Risk Populations, Poor,Economically Disadvantaged,Indigent
Program Short Term Success
In the short term, the Mustang Troop seeks to provide the students involved with a valuable alternative to at-risk behaviors and a solid experience in horsemanship.  The youth receive individual mentoring and guidance from adult leaders and learn self-control and self-respect through being responsible for caring for the horses.
Program Long term Success
Program Success Monitored By
Program success is monitored by surveys and interviews with students and parents; interviews with school personnel associated with participants, and feedback from the program leaders.
Description

The Kentucky Horse Park Field Trip Fund seeks to serve at least 8,000 students annually, offering Kentucky public schools the opportunity to visit the Kentucky Horse Park free of charge on a field trip.

Budget 30,000
Category Education, General/Other Educational Programs
Population Served Children Only (5 - 14 years), K-12 (5-19 years)
Program Long term Success We hope the Kentucky Horse Park Field Trip Program will expose thousands of Kentucky school children to the Kentucky Horse Park that might not have otherwise had the opportunity.
Program Success Monitored By We utilize post-program teacher surveys to evaluate the effectiveness of our program.
Examples of Program Success


Program Comments
CEO Comments
With all of the above programs, and the many other educational and outreach initiatives that were too numerous to list, philanthropic support is critical to continuing and growing the efforts.  The Kentucky Horse Park Field Trip Fund and KHP  Mustang Troop are 100% funded through donations each year.  Without private support, the Kentucky Horse Park could not operate such programs for the youth and families of Kentucky.
Plans & Policies
Organization has a Fundraising Plan? Under Development
Organization has a Strategic Plan? No
Management Succession Plan? No
Organization Policy and Procedures Yes
Nondiscrimination Policy Yes
Whistleblower Policy Yes
Document Destruction Policy Yes
Government Licenses
Is your organization licensed by the Government? No
Financials
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
Fiscal Year
Fiscal Year Start July 01, 2019
Fiscal Year End June 30, 2018
Projected Revenue $1,241,250.00
Projected Expenses $1,230,509.00
Spending Policy Income plus capital appreciation
Percentage 4%
Detailed Financials
Revenue and ExpensesHelpFinancial data for prior years is entered by foundation staff based on the documents submitted by nonprofit organizations.Foundation staff members enter this information to assure consistency in the presentation of financial data across all organizations.
Fiscal Year201820172016
Total Revenue$2,029,082$1,180,242$1,459,423
Total Expenses$1,107,375$1,166,135$1,071,359
Revenue Less Expenses$921,707$14,107$388,064
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available). Revenue from foundations and corporations may be included in individual contributions when not itemized separately.
Fiscal Year201820172016
Foundation and
Corporation Contributions
------
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$1,086,248$742,812$887,642
------
$416,944($201,621)($56,405)
Investment Income, Net of Losses$138,217$123,134$118,946
Membership Dues------
Special Events$345,658$472,297$450,121
Revenue In-Kind$108,048----
Other$42,015$43,620$59,119
Expense Allocation
Fiscal Year201820172016
Program Expense$511,201$518,295$510,745
Administration Expense$264,453$258,031$263,969
Fundraising Expense$331,721$389,809$296,645
Payments to Affiliates------
Total Revenue/Total Expenses1.831.011.36
Program Expense/Total Expenses46%44%48%
Fundraising Expense/Contributed Revenue------
Assets and Liabilities
Fiscal Year201820172016
Total Assets$9,165,436$7,880,056$7,076,576
Current Assets$1,483,323$1,358,781$1,074,259
Long-Term Liabilities------
Current Liabilities$195,531$136,030$109,462
Total Net Assets$8,969,905$7,744,026$6,967,114
Form 990s
2018 990
2017 990 Part 1
2017 990 Part 2
2016 990
2015 Form 990
2014 990
2013 990
2012 990
2011 990
2010 990
2009 990
2008 990
2007 990
Audit Documents
2018 Audit
2017 Audit
2016 Audit
2015 Audit
2014 Audit
2013 Audit
2012 Audit
2011 Audit
2010 Audit
Capital Campaign
Currently in a Capital Campaign? No
Capital Campaign Anticipated in Next 5 Years? Yes
State Registration Yes
Address 4075 Iron Works Pkwy
Lexington, KY 40511
Primary Phone 859 255-5727
CEO/Executive Director Ms. Kathy Meyer
Board Chair Mr. Clay H. Green
Board Chair Company Affiliation Green's Toyota of Lexington