Amplify Horse Racing EIN 85-1835865

Amplify Horse Racing

EIN  85-1835865 Public charity (501(c)(3)) Lexington, KY Founded 2020
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Size
$100K–1M
What they do
Empowers youth and newcomers with horse programs, education, and career paths in Thoroughbred racing.
Leadership
Annise Montplaisir · Executive Director · $78K
Money in and out
$189K revenue, $292K expenses
Bottom line
43% program efficiency

Empowers youth and newcomers with horse programs, education, and career paths in Thoroughbred racing. For fiscal year 2024 it reported $189K in revenue, $292K in expenses, and $350K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$189K
Pt VIII · Ln 12
Total expenses
$292K
Pt IX · Ln 25
Net assets
$350K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$103K
Where spending went · Part IX cols B–D
Program services $0.43 Management & general $0.57 Fundraising $0.00
Program efficiency
43%
of spending reaches programs▼ -14% vs prior filing year
Operating runway
14.3mo
months of highly liquid reserves at operating expense rate▼ -45% vs prior filing year
Surplus margin
-54%
revenue over expenses, this year▼ -551% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$189K
FY2024▼ -2%
Expenses
$292K
FY2024▲ +40%
Total assets
$350K
FY2024▼ -23%
Total liabilities
$0
FY2024
Total revenue
$189K
Pt VIII · Ln 12
Total expenses
$292K
Pt IX · Ln 25
Net assets
$350K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$103K
Total assetsPt X · Ln 16$350K
Program-expense ratioPt IX · col B43%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $125K of program spending, described in the organization's own filed words · FY2024.
01

Virtual Outreach

Amplify horse racing's virtual outreach is an important part of making the thoroughbred industry inclusive and accessible to all youth, regardless of how close or far they live from a racetrack or horse farm. This includes amplify's social media, newsletter, twice monthly podcast, educational website, and periodic webinars.

$60Kprogram expense
02

Field-Based Programming

Field-based programming encompasses all the in-person programs, events, activations, and outreach that amplify travels to and hosts throughout the year. This includes classroom and career fair outreach, educational events that participants register for at racetracks or equine facilities, educational tours and learning activations with…

$47Kprogram expense
03

Mentorship Program

The amplify horse racing mentorship program formalizes the process of pairing youth and young adults interested in pursuing a thoroughbred industry career (mentees) with experienced industry professionals who can offer guidance (mentors).

$18Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAmplify Horse Racing
EINHdr · item D85-1835865
Principal addressHdr · item CLexington, KY
WebsiteHdr · item Jamplifyhorseracing.org
Year of formationHdr · item L2020
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFSep 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$78,481Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Annise Montplaisir’s $78K as Executive Director is at the 71st percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023
Annise Montplaisir$78,481$73,500
Annise Montplaisir$61,835

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$181K · 95%
Investment income$9K · 5%
Contributions & grants95%$181K
Investment income5%$9K
Total revenueLn 12$189K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.43 Management & general $0.57 Fundraising $0.00
Program services43%$125K
Management & general57%$167K
Fundraising$233
Total functional expensesLn 25$292K

Balance Sheet

Part X · end of year
CashLn 1$348K
Total assetsLn 16$350K
Total liabilitiesLn 26$0
Total net assetsLn 32$350K
Months of cash on handcomputed14.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $348K · Operating expenses/yr $292K
14.3 months
Where the money goes
Program services
Program services $125K · Total expenses $292K
43%
Management & General
Management & general $167K · Total expenses $292K
57%
Fundraising
Fundraising $233 · Total expenses $292K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $78 · Solicited contributions (3-yr avg) $309K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $181K · Total revenue $189K
95%
Government reliance
Government grants — · Total revenue $189K
Earned-income share
Program service revenue $0 · Total revenue $189K
0%
Investment reliance
Investment income $9K · Total revenue $189K
+5%
Program self-sufficiency
Program service revenue $0 · Total expenses $292K
0%
Growth & trend
Revenue growth (YoY)
This year $189K · Prior year $193K
-2%
Net-asset trend (YoY)
End of year $350K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $189K · Expenses $292K
-54%
Liabilities-to-Assets
Total liabilities — · Total assets $350K
Net-asset ratio
Net assets $350K · Total assets $350K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $350K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Annise Montplaisir · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $78K · Total expenses $292K
27%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $214K · Total expenses $292K
73%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 43%
Overhead ratio 57%
Fundraising cost ratio 0%
Revenue growth -2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Jockey ClubFY2024$10K
Total grants receivedfrom 3 funders$40K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$193K revenue · ⤓ 990 PDF
FY2023$565K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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