Bluegrass Steeplechase Estates Inc
EIN: 263184480 · Lexington, KY · NTEE: P73
| Metric | Value |
|---|---|
| Total Revenue | $97K |
| Total Expenses | $155K |
| Net Assets | $-536,125 |
Is Bluegrass Steeplechase Estates Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bluegrass Steeplechase Estates Inc
Bluegrass Steeplechase Estates Inc (EIN: 263184480) is a nonprofit organization based in Lexington, KY, classified under NTEE code P73. The organization reported total revenue of $97K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bluegrass Steeplechase Estates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bluegrass Steeplechase Estates Inc is a micro nonprofit that has been operating for 12 years, with 16 years of IRS 990 filings on record (2009–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $88K |
| Total Expenses | $155K |
| Surplus / Deficit | $-66,561 |
| Total Assets | $1.4M |
| Total Liabilities | $1.9M |
| Net Assets | $-536,125 |
| Operating Margin | -75.4% |
| Debt-to-Asset Ratio | 137.9% |
| Months of Reserves | 109.5 months |
Financial Health Grade: C
In 2024, Bluegrass Steeplechase Estates Inc reported a deficit of $67K with expenses exceeding revenue, holds 109.5 months of operating reserves (strong position), has a debt-to-asset ratio of 137.9% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -3.3% | +1.7% | -3.3% |
| 2023 | +1.9% | +15.7% | -1.5% |
| 2022 | +8.5% | +2.1% | -2.7% |
| 2021 | -6.6% | -11.8% | -2.9% |
| 2020 | +8.4% | +14.8% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bluegrass Steeplechase Estates Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bluegrass Steeplechase Estates Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $67K, with expenses exceeding revenue.
- Debt-to-asset ratio: 137.9%.
Frequently Asked Questions about Bluegrass Steeplechase Estates Inc
Is Bluegrass Steeplechase Estates Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bluegrass Steeplechase Estates Inc (EIN: 263184480) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bluegrass Steeplechase Estates Inc spend its money?
Detailed spending breakdown data is not yet available for Bluegrass Steeplechase Estates Inc. Check back for updated IRS 990 analysis.
Are donations to Bluegrass Steeplechase Estates Inc tax-deductible?
Bluegrass Steeplechase Estates Inc is registered as a tax-exempt nonprofit (EIN: 263184480). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bluegrass Steeplechase Estates Inc located?
Bluegrass Steeplechase Estates Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 263184480. It is classified under NTEE code P73.
How many years of IRS 990 filings does Bluegrass Steeplechase Estates Inc have?
Bluegrass Steeplechase Estates Inc has 16 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $97K in total revenue.
Filing History
IRS 990 filing history for Bluegrass Steeplechase Estates Inc showing financial trends over 16 years of public records:
Total assets increased by 141326600% over the same period, from $1 to $1.4M. In its most recent filing year (2024), Bluegrass Steeplechase Estates Inc reported a deficit of $67K, with expenses exceeding revenue. The organization holds $1.9M in liabilities against $1.4M in assets (debt-to-asset ratio: 137.9%), resulting in net assets of $-536,125.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $88K | $155K | $1.4M | $1.9M | — | — |
| 2023 | $91K | $152K | $1.5M | $1.9M | — | View 990 |
| 2022 | $90K | $132K | $1.5M | $1.9M | — | — |
| 2021 | $83K | $129K | $1.5M | $1.9M | — | — |
| 2020 | $88K | $146K | $1.6M | $1.9M | — | View 990 |
| 2019 | $82K | $127K | $1.6M | $1.9M | — | View 990 |
| 2018 | $78K | $127K | $1.6M | $1.9M | — | View 990 |
| 2017 | $72K | $128K | $1.7M | $1.9M | — | View 990 |
| 2016 | $71K | $130K | $1.8M | $1.9M | — | View 990 |
| 2015 | $61K | $115K | $2.1M | $2.1M | — | View 990 |
| 2014 | $3K | $2K | $2.3M | $2.3M | — | View 990 |
| 2013 | $0 | $411 | $9K | $10K | — | — |
| 2012 | $0 | $0 | $1 | $0 | — | View 990 |
| 2011 | $0 | $0 | $1 | $0 | — | View 990 |
| 2010 | $0 | $0 | $1 | $0 | — | View 990 |
| 2009 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $88K, expenses of $155K, and assets of $1.4M (revenue -3.3% year-over-year).
- 2023: Revenue of $91K, expenses of $152K, and assets of $1.5M (revenue +1.9% year-over-year).
- 2022: Revenue of $90K, expenses of $132K, and assets of $1.5M (revenue +8.5% year-over-year).
- 2021: Revenue of $83K, expenses of $129K, and assets of $1.5M (revenue -6.6% year-over-year).
- 2020: Revenue of $88K, expenses of $146K, and assets of $1.6M (revenue +8.4% year-over-year).
- 2019: Revenue of $82K, expenses of $127K, and assets of $1.6M (revenue +3.9% year-over-year).
- 2018: Revenue of $78K, expenses of $127K, and assets of $1.6M (revenue +8.9% year-over-year).
- 2017: Revenue of $72K, expenses of $128K, and assets of $1.7M (revenue +1.4% year-over-year).
- 2016: Revenue of $71K, expenses of $130K, and assets of $1.8M (revenue +15.9% year-over-year).
- 2015: Revenue of $61K, expenses of $115K, and assets of $2.1M (revenue +2354.1% year-over-year).
- 2014: Revenue of $3K, expenses of $2K, and assets of $2.3M.
- 2013: Revenue of $0, expenses of $411, and assets of $9K.
- 2012: Revenue of $0, expenses of $0, and assets of $1.
- 2011: Revenue of $0, expenses of $0, and assets of $1.
- 2010: Revenue of $0, expenses of $0, and assets of $1.
- 2009: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bluegrass Steeplechase Estates Inc:
Data Sources and Methodology
This transparency report for Bluegrass Steeplechase Estates Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.