Compensation 990

Breeders' Cup Limited

Fiscal year ending 2025. Filed on September 12, 2025.

215 West Main Street Suite 250
Lexington, Kentucky 40507

Breeders' Cup Limited (EIN: 13-3082904) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2025 IRS Form 990 filing, Breeders' Cup Limited, a 501(c)(6) business league, reported compensation for 12 out of 43 total employees. Among the employees shown here, the average compensation is $292,081. The highest compensated employee at Breeders' Cup Limited is Robert Drew Fleming with fiscal year 2025 compensation of $792,057.

Revenue, expenses, and employee compensation

Revenue

$51,462,177

Expenses

$57,952,209

Employee compensation

$5,484,921
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Robert Drew Fleming
President and Chief Executive Officer
$792,057
$767,483 from orgNo related comp$24,574 other
John Keitt
Executive Vice President and Chief Operating Officer
$522,367
$479,326 from orgNo related comp$43,041 other
Justin N McDonald
Executive Vice President and Chief Marketing Officer
$325,278
$278,917 from orgNo related comp$46,361 other
Dora J Delgado
Executive Vice President and Chief Racing Officer
$324,040
$285,310 from orgNo related comp$38,730 other
Heather Higgins
Senior Vice President Corporate Partnerships
$245,910
$211,993 from orgNo related comp$33,917 other
Michael Todd Sparks
Vice President Information Technology and Software Solutions
$220,798
$181,249 from orgNo related comp$39,549 other
Brandy Harmon
Senior Vice President Ticketing and Operations
$215,030
$183,192 from orgNo related comp$31,838 other
Stephanie Palmieri
Vice President, Events
$190,591
$169,691 from orgNo related comp$20,900 other
Tim Schram
Vice President Administration, Simulcasting
$182,824
$162,554 from orgNo related comp$20,270 other
Chad Saltzman
Vice President, Controller
$150,046
$130,261 from orgNo related comp$19,785 other
Michael Newman
Vice President, Controller
$43,951
$40,566 from orgNo related comp$3,385 other
Sarah Reeves
Corporate Secretary
$0

Non-Employee Board Members

Alan Cooper
Director
Alex Solis II
Director
Antony Beck
Director
Barbara Banke
Chair
Bret Jones
Director
Clem Murphy
Director
Elliott Walden
Director
Eric Gustavson
Director
Fred W Hertrich III
Director
Gray Lyster
Director
Tom Ryan
Director
Walker Hancock
Director

Contractors

Havoc Live LLC
Advertising
$2,289,072
Tex Sutton Equine Air Transportation
Equine Transportation
$924,000
Curtis Stone Events
Event Planning Consultants
$831,894
Sports Media Advisors LLC
Media Consultant
$360,000
Next League LLC
Event Planning Consultants
$259,959

Mission Statement

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.

Revisions to this organization profile

September 12, 2025:
2025 Breeders' Cup Limited 990 filed
October 2, 2024:
2024 Breeders' Cup Limited 990 filed
December 12, 2023:
2023 Breeders' Cup Limited 990 filed

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