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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Breeders' Cup Limited

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 No related comp$24,574
John Keitt
Executive Vice President and Chief Operating Officer
$522,367
$479,326 No related comp$43,041
Justin N McDonald
Executive Vice President and Chief Marketing Officer
$325,278
$278,917 No related comp$46,361
Dora J Delgado
Executive Vice President and Chief Racing Officer
$324,040
$285,310 No related comp$38,730
Heather Higgins
Senior Vice President Corporate Partnerships
$245,910
$211,993 No related comp$33,917
Michael Todd Sparks
Vice President Information Technology and Software Solutions
$220,798
$181,249 No related comp$39,549
Brandy Harmon
Senior Vice President Ticketing and Operations
$215,030
$183,192 No related comp$31,838
Stephanie Palmieri
Vice President, Events
$190,591
$169,691 No related comp$20,900
Tim Schram
Vice President Administration, Simulcasting
$182,824
$162,554 No related comp$20,270
Chad Saltzman
Vice President, Controller
$150,046
$130,261 No related comp$19,785
Michael Newman
Vice President, Controller
$43,951
$40,566 No related comp$3,385
Sarah Reeves
Corporate Secretary
$0

Benchmark Employee Compensation

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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