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64-528: The Thomas D. Clark Center for Kentucky History, also referred to as the Kentucky Historical Society, is the headquarters for the KHS. A multimillion-dollar museum and research facility, the center features both permanent and temporary exhibitions, a research library, and a gift shop. The center contains an exhibition called "A Kentucky Journey" that covers the period from prehistoric times to

128-583: A National Historic Landmark in 1986. Keeneland originated as a nonprofit racing–auction entity on 147 acres (0.59 km ) of farmland west of Lexington, which had been owned by the son of James R. Keene , Jack Keene , a driving force behind the building of the facility. It has used proceeds from races and its auctions to further the thoroughbred industry as well as to contribute to the surrounding community. Keeneland Race Course has conducted live race meets in April and October since 1936. The 15-day spring meet

192-657: A profit for its owners. A nonprofit organization is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. Depending on the local laws, charities are regularly organized as non-profits. A host of organizations may be nonprofit, including some political organizations, schools, hospitals, business associations, churches, foundations, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt , and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as

256-424: A delegate structure to allow for the representation of groups or corporations as members. Alternatively, it may be a non-membership organization and the board of directors may elect its own successors. The two major types of nonprofit organization are membership and board-only. A membership organization elects the board and has regular meetings and the power to amend the bylaws. A board-only organization typically has

320-554: A fiscally viable entity. Nonprofits have the responsibility of focusing on being professional and financially responsible, replacing self-interest and profit motive with mission motive. Though nonprofits are managed differently from for-profit businesses, they have felt pressure to be more businesslike. To combat private and public business growth in the public service industry, nonprofits have modeled their business management and mission, shifting their reason of existing to establish sustainability and growth. Setting effective missions

384-471: A low-stress work environment that the employee can associate him or herself positively with. Other incentives that should be implemented are generous vacation allowances or flexible work hours. When selecting a domain name , NPOs often use one of the following: .org , the country code top-level domain of their respective country, or the .edu top-level domain (TLD), to differentiate themselves from more commercial entities, which typically use .com . In

448-457: A nonprofit entity without having tax-exempt status. Key aspects of nonprofits are accountability, integrity, trustworthiness, honesty, and openness to every person who has invested time, money, and faith into the organisation. Nonprofit organizations are accountable to the donors, founders, volunteers, program recipients, and the public community. Theoretically, for a nonprofit that seeks to finance its operations through donations, public confidence

512-697: A self-selected board and a membership whose powers are limited to those delegated to it by the board. A board-only organization's bylaws may even state that the organization does not have any membership, although the organization's literature may refer to its donors or service recipients as 'members'; examples of such organizations are FairVote and the National Organization for the Reform of Marijuana Laws . The Model Nonprofit Corporation Act imposes many complexities and requirements on membership decision-making. Accordingly, many organizations, such as

576-471: A strong vision of how to operate the project, try to retain control of the organization, even as new employees or volunteers want to expand the project's scope or change policy. Resource mismanagement is a particular problem with NPOs because the employees are not accountable to anyone who has a direct stake in the organization. For example, an employee may start a new program without disclosing its complete liabilities. The employee may be rewarded for improving

640-651: A variety of facilities available for rent, including the Commonwealth Hall, conference rooms, and the Cralle-Day Garden. There are seven different places in total that the Society provides for renting. The places could be rented for small or large occasions. Keeneland Keeneland Association, Inc. is an equine business based in Lexington, Kentucky . It includes two distinct divisions:

704-576: A visit by Queen Elizabeth II , it built a trackside Winner's Circle and created the Queen Elizabeth II Challenge Cup Stakes . In 1985, it installed a turf course over which the Challenge Cup, as well as a number of other turf races, is now run. It reshaped the main track and replaced the dirt surface with the proprietary Polytrack surface over the summer of 2006 in time for its fall race meeting. The track

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768-581: A wide diversity of structures and purposes. For legal classification, there are, nevertheless, some elements of importance: Some of the above must be (in most jurisdictions in the US at least) expressed in the organization's charter of establishment or constitution. Others may be provided by the supervising authority at each particular jurisdiction. While affiliations will not affect a legal status, they may be taken into consideration by legal proceedings as an indication of purpose. Most countries have laws that regulate

832-399: Is a factor in the amount of money that a nonprofit organization is able to raise. Supposedly, the more a nonprofit focuses on their mission, the more public confidence they will gain. This will result in more money for the organization. The activities a nonprofit is partaking in can help build the public's confidence in nonprofits, as well as how ethical the standards and practices are. There

896-461: Is a key for the successful management of nonprofit organizations. There are three important conditions for effective mission: opportunity, competence, and commitment. One way of managing the sustainability of nonprofit organizations is to establish strong relations with donor groups. This requires a donor marketing strategy, something many nonprofits lack. Nonprofit organizations provide public goods that are undersupplied by government. NPOs have

960-765: Is also a member of the Army Museum System. Located on the second floor of the Thomas D. Clark Center for Kentucky History, the Martin F. Schmidt Research Library holds the largest genealogical collection in the state. This research facility features more than 16,000 rolls of microfilm, 90,000 books and periodicals, and 30,000 vertical files focused primarily on Kentucky history and genealogy. The Society's Archival Collections of 1,900 cubic feet of manuscripts, 2,000 maps, 8,000 oral histories, 200,000 historic photographs, and 9,100 rare books provide resources to researchers of

1024-439: Is an important distinction in the US between non-profit and not-for-profit organizations (NFPOs); while an NFPO does not profit its owners, and money goes into running the organization, it is not required to operate for the public good. An example is a club, whose purpose is its members' enjoyment. Other examples of NFPOs include: credit unions, sports clubs, and advocacy groups. Nonprofit organizations provide services to

1088-414: Is an important distinction in the US between non-profit and not-for-profit organizations (NFPOs); while an NFPO does not profit its owners, and money goes into running the organization, it is not required to operate for the public good. An example is a sports club, whose purpose is its members' enjoyment. The names used and precise regulations vary from one jurisdiction to another. According to

1152-557: Is concerned. In many countries, nonprofits may apply for tax-exempt status, so that the organization itself may be exempt from income tax and other taxes. In the United States, to be exempt from federal income taxes, the organization must meet the requirements set forth in the Internal Revenue Code (IRC). Granting nonprofit status is done by the state, while granting tax-exempt designation (such as IRC 501(c) )

1216-453: Is granted by the federal government via the IRS. This means that not all nonprofits are eligible to be tax-exempt. For example, employees of non-profit organizations pay taxes from their salaries, which they receive according to the laws of the country. NPOs use the model of a double bottom line in that furthering their cause is more important than making a profit, though both are needed to ensure

1280-832: Is home to the major digital humanities project, the Civil War Governors of Kentucky Digital Documentary Edition (CWGK). Funded in part by the National Endowment for the Humanities and the National Historical Publications and Records Commission , the CWGK is a "freely-accessible online collection of historical documents associated with the chief executives of the state, 1860–1865" that seeks to reconstruct "the lost lives and voices of tens of thousands of Kentuckians who interacted with

1344-408: Is not classifiable as another category. Currently, no restrictions are enforced on registration of .com or .org, so one can find organizations of all sorts in either of those domains, as well as other top-level domains including newer, more specific ones which may apply to particular sorts of organization including .museum for museums and .coop for cooperatives . Organizations might also register by

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1408-657: Is one of the richest in North America, with fifteen graded stakes races featuring the Blue Grass Stakes , a prep race for the Kentucky Derby . The 17-day fall meet features seventeen graded stakes races, six of which are Grade One events used as Breeders' Cup preps. Keeneland takes pride in maintaining racing traditions; it was the last track in North America to broadcast race calls over its public-address system, not doing so until 1997. Most of

1472-411: Is the remuneration package, though many who have been questioned after leaving an NPO have reported that it was stressful work environments and the workload. Public- and private-sector employment have, for the most part, been able to offer more to their employees than most nonprofit agencies throughout history. Either in the form of higher wages, more comprehensive benefit packages, or less tedious work,

1536-476: Is unique in which source of income works best for them. With an increase in NPOs since 2010, organizations have adopted competitive advantages to create revenue for themselves to remain financially stable. Donations from private individuals or organizations can change each year and government grants have diminished. With changes in funding from year to year, many nonprofit organizations have been moving toward increasing

1600-691: The Keeneland Changing Exhibits Gallery for various temporary exhibitions – some examples of which include "Beyond the Log Cabin: Kentucky's Abraham Lincoln " and "Made to be Played: Traditional Art of Kentucky Luthiers." Within the center there is a gift shop, the gift shop is called the Stewart Home & School 1792 Museum Store. The Old State Capitol & Public Grounds, a National Historic Landmark , served as Kentucky's capital from 1830 to 1910 and

1664-729: The National Center for Charitable Statistics (NCCS), there are more than 1.5 million nonprofit organizations registered in the United States , including public charities , private foundations , and other nonprofit organizations. Private charitable contributions increased for the fourth consecutive year in 2017 (since 2014), at an estimated $ 410.02 billion. Out of these contributions, religious organizations received 30.9%, education organizations received 14.3%, and human services organizations received 12.1%. Between September 2010 and September 2014, approximately 25.3% of Americans over

1728-596: The Wikimedia Foundation , have formed board-only structures. The National Association of Parliamentarians has generated concerns about the implications of this trend for the future of openness, accountability, and understanding of public concerns in nonprofit organizations. Specifically, they note that nonprofit organizations, unlike business corporations, are not subject to market discipline for products and shareholder discipline of their capital; therefore, without membership control of major decisions such as

1792-525: The Commonwealth. The Library is available to the public online through the KHS digital search website and there is also in-person access to the documents and articles that the society contains. The Register is a part of this catalog and this digital version makes it and all of the other resources that the Library contains, very accessible. The Register is a scholarly journal published by the KHS. It

1856-513: The Eclipse Award as Horse of the Year; and five Epsom Derby winners. Graduates of Keeneland sales. The Keeneland Team travels to over 25 countries and invests in over $ 700,000 annually towards international market development to deliver the world's deepest buying bench. The auctions have sold horses to owners worldwide that have won large-scale races. Nine of the 14 highest ranked horses in

1920-696: The Keeneland Race Course, a Thoroughbred racing facility, and Keeneland Sales , a horse auction complex. It is also known for its reference library . In 2009, the Horseplayers Association of North America introduced a rating system for 65 Thoroughbred racetracks in North America . Keeneland was ranked #1 of the top ten tracks. It is listed on the National Register of Historic Places and designated

1984-597: The Kentucky Oaks were sold in sales through Keeneland. The track has a 1 + 1 ⁄ 16 miles (1,700 m) dirt oval and a seven and one-half furlong (0.875 miles (1,408 m)) turf oval. The turf course uses two configurations: the Keeneland Course setup has a temporary rail set 15 feet (4.6 m) out, while the Haggin Course has no temporary rail. Since 1968 Keeneland has honored

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2048-455: The NPO's reputation, making other employees happy, and attracting new donors. Liabilities promised on the full faith and credit of the organization but not recorded anywhere constitute accounting fraud . But even indirect liabilities negatively affect the financial sustainability of the NPO, and the NPO will have financial problems unless strict controls are instated. Some commenters have argued that

2112-708: The State Arsenal contains the Kentucky Military History Museum, which illustrates military history using personal stories and artifacts; the first location of the State Arsenal burnt down in 1836. It is a fortress-like building that overlooks downtown Frankfort. The Arsenal was converted into a museum in 1974 after contributing much to the Civil War and the National Guard . The State Arsenal has been recently renovated. The museum

2176-461: The age of 16 volunteered for a nonprofit. In the United States, both nonprofit organizations and not-for-profit organizations are tax-exempt. There are various types of nonprofit exemptions, such as 501(c)(3) organizations that are a religious, charitable, or educational-based organization that does not influence state and federal legislation, and 501(c)(7) organizations that are for pleasure, recreation, or another nonprofit purpose. There

2240-649: The appropriate country code top-level domain for their country. In 2020, nonprofit organizations began using microvlogging (brief videos with short text formats) on TikTok to reach Gen Z, engage with community stakeholders, and overall build community. TikTok allowed for innovative engagement between nonprofit organizations and younger generations. During COVID-19, TikTok was specifically used to connect rather than inform or fundraise, as its fast-paced, tailored For You Page separates itself from other social media apps such as Facebook and Twitter. Some organizations offer new, positive-sounding alternative terminology to describe

2304-422: The articles are available to the public. The Register includes the work of leading scholars in the Commonwealth while also being widely accessible to general readers. Articles of The Register are available through scholarly publishers Project Muse and JSTOR. Members of the public can purchase memberships to the Kentucky Historical Society. The memberships purchased support the efforts of the KHS and give members

2368-482: The benefit of free admission to the history campus and reduced admission prices to KHS events and programs. The KHS is administered by an executive committee and supported by the KHS Foundation, a 501(c)(3) organization ( nonprofit ). There are also options to visit the society in a guided group tour, self-guided touring, or virtual touring. Prices range from $ 5 to $ 75 depending on the type of tour chosen. The KHS

2432-401: The best of the newly minted workforce. It has been mentioned that most nonprofits will never be able to match the pay of the private sector and therefore should focus their attention on benefits packages, incentives and implementing pleasurable work environments. A good environment is ranked higher than salary and pressure of work. NPOs are encouraged to pay as much as they are able and offer

2496-565: The community; for example aid and development programs, medical research, education, and health services. It is possible for a nonprofit to be both member-serving and community-serving. Nonprofit organizations are not driven by generating profit, but they must bring in enough income to pursue their social goals. Nonprofits are able to raise money in different ways. This includes income from donations from individual donors or foundations; sponsorship from corporations; government funding; programs, services or merchandise sales, and investments. Each NPO

2560-711: The contributions of individuals to both Keeneland itself and the Thoroughbred industry with the Mark of Distinction. Recipients of the honor are given a button that bears the colors of their racing or farm silks. Each spring and fall, members of the Keeneland Club wear the button. Keeneland has two racing seasons: a Spring Meeting in April and a Fall Meeting in October. The following stakes races have been run at Keeneland, some with changing names and sponsorships over

2624-402: The diversity of their funding sources. For example, many nonprofits that have relied on government grants have started fundraising efforts to appeal to individual donors. Most nonprofits have staff that work for the company, possibly using volunteers to perform the nonprofit's services under the direction of the paid staff. Nonprofits must be careful to balance the salaries paid to staff against

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2688-432: The election of the board, there are few inherent safeguards against abuse. A rebuttal to this might be that as nonprofit organizations grow and seek larger donations, the degree of scrutiny increases, including expectations of audited financial statements. A further rebuttal might be that NPOs are constrained, by their choice of legal structure, from financial benefit as far as distribution of profit to members and directors

2752-475: The establishment and management of NPOs and that require compliance with corporate governance regimes. Most larger organizations are required to publish their financial reports detailing their income and expenditure publicly. In many aspects, they are similar to corporate business entities though there are often significant differences. Both not-for-profit and for-profit corporate entities must have board members, steering-committee members, or trustees who owe

2816-402: The first to win the unofficial Grand Slam of horse racing; winning the Kentucky Derby , Preakness Stakes , Belmont Stakes and Breeders' Cup Classic. Many horse industry personnel were skeptical of Keeneland as a suitable venue because the track and town were too small to host such a large event. However it was a huge success and even had a Thoroughbred Daily News writer report "I was wrong...it

2880-511: The money paid to provide services to the nonprofit's beneficiaries. Organizations whose salary expenses are too high relative to their program expenses may face regulatory scrutiny. A second misconception is that nonprofit organizations may not make a profit. Although the goal of nonprofits is not specifically to maximize profits, they still have to operate as a fiscally responsible business. They must manage their income (both grants and donations and income from services) and expenses so as to remain

2944-445: The nonprofit sector today regarding newly graduated workers, and to some, NPOs have for too long relegated hiring to a secondary priority, which could be why they find themselves in the position many do. While many established NPOs are well-funded and comparative to their public sector competitors, many more are independent and must be creative with which incentives they use to attract and maintain people. The initial interest for many

3008-557: The office of the governor during the war years" through some 40,000 related documents. After an early access version was published, the work of the CWGK was celebrated in a June 2017 symposium that featured a keynote by renowned historian and digital humanist Edward L. Ayers . Later that same year, in August 2017, the CWGK's annotation tech was featured at the international Digital Humanities 2017 conference in Montreal, Canada. The KHS has

3072-411: The organization a fiduciary duty of loyalty and trust. A notable exception to this involves churches , which are often not required to disclose finances to anyone, including church members. In the United States, nonprofit organizations are formed by filing bylaws, articles of incorporation , or both in the state in which they expect to operate. The act of incorporation creates a legal entity enabling

3136-452: The organization to be treated as a distinct body (corporation) by law and to enter into business dealings, form contracts, and own property as individuals or for-profit corporations can. Nonprofits can have members, but many do not. The nonprofit may also be a trust or association of members. The organization may be controlled by its members who elect the board of directors , board of governors or board of trustees . A nonprofit may have

3200-511: The organization's sustainability. An advantage of nonprofits registered in the UK is that they benefit from some reliefs and exemptions. Charities and nonprofits are exempt from Corporation Tax as well as the trustees being exempt from Income Tax. There may also be tax relief available for charitable giving, via Gift Aid, monetary donations, and legacies. Founder's syndrome is an issue organizations experience as they expand. Dynamic founders, who have

3264-404: The present. The center also contains the Martin F. Schmidt Research Library. The Library is a genealogical and historical research library, researchers can access books, manuscripts, graphic collections, and oral histories documenting the people and places of Kentucky's rich past. Families and historians can trace back genealogies and consult with professional staff. Along with that, it also contains

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3328-550: The public and private sectors have enjoyed an advantage over NPOs in attracting employees. Traditionally, the NPO has attracted mission-driven individuals who want to assist their chosen cause. Compounding the issue is that some NPOs do not operate in a manner similar to most businesses, or only seasonally. This leads many young and driven employees to forego NPOs in favor of more stable employment. Today, however, nonprofit organizations are adopting methods used by their competitors and finding new means to retain their employees and attract

3392-533: The racing scenes of the 2003 movie Seabiscuit were shot at Keeneland, in part because of the track's "retro feel". Keeneland was also used in the 2005 movie Dreamer and the 2010 movie Secretariat for several key scenes, including the running of the Belmont Stakes where the horse completes the Triple Crown. Nonetheless, Keeneland has adopted several innovations. In 1984 in preparation for

3456-483: The receipt of significant funding from large for-profit corporations can ultimately alter the NPO's functions. A frequent measure of an NPO's efficiency is its expense ratio (i.e. expenditures on things other than its programs, divided by its total expenditures). Competition for employees with the public and private sector is another problem that nonprofit organizations inevitably face, particularly for management positions. There are reports of major talent shortages in

3520-570: The sector. The term civil society organization (CSO) has been used by a growing number of organizations, including the Center for the Study of Global Governance . The term citizen sector organization (CSO) has also been advocated to describe the sector – as one of citizens, for citizens – by organizations including Ashoka: Innovators for the Public . Advocates argue that these terms describe

3584-489: The traditional domain noted in RFC   1591 , .org is for "organizations that didn't fit anywhere else" in the naming system, which implies that it is the proper category for non-commercial organizations if they are not governmental, educational, or one of the other types with a specific TLD. It is not designated specifically for charitable organizations or any specific organizational or tax-law status, but encompasses anything that

3648-410: The years. Grade 1 : Grade 2 : Grade 3 : Nonprofit organization A nonprofit organization ( NPO ), also known as a nonbusiness entity , nonprofit institution , or simply a nonprofit , is a legal entity organized and operated for a collective, public or social benefit, as opposed to an entity that operates as a business aiming to generate

3712-634: Was first published in 1903 and has been continuously posted since then. The articles contain documents and information about Kentucky's history. It is relevant to the history of Kentucky but also includes major global events. Jennie Chinn Molton founded the Register and became the Register’s first editor. Since then, many people have been able to edit the Register; today's editors include Karida Brown , Anya Jabour , Joseph Pearson, and Fay Yarbrough . All of

3776-562: Was not the only place to have held the KHS. The Society began in 1836 by some of Kentucky's prominent young men. The men received funding from the General Assembly to begin the society and lead it into the future. The society met from 1836 until 1889, but after that time, the society did not meet for seven years. With the revival of the society in 1896, it brought their new location at the Old State Capitol. That location

3840-501: Was only the site of the KHS for a few years as it became clear to the Society that their collections were too large for that space. With the need for more space that the Old State Capitol could not provide, the new construction of the Kentucky Historical Center opened to the public in 1999. Today the Old State Capitol is still a part of the KHS but is displayed as a museum of past government debates. Built in 1850,

3904-517: Was restored to a dirt racing surface during the summer of 2014. Keeneland was designated a National Historic Landmark in 1986, for its role in the growth of the horseracing sport and its revitalization in Lexington. Keeneland hosted the Breeders' Cup for the first time in 2015. The Breeders' Cup Classic was won by Triple Crown winner American Pharoah by six and a half lengths. He became

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3968-599: Was spectacular" and how he "couldn't be more impressed". In August 2018 Keeneland was named as the host of the 2020 Breeders' Cup . In 2020 due to the COVID-19 pandemic in the United States , Keeneland cancelled their Spring meeting which was to be held from 2 April 2020 to 24 April 2020 and moved their meet to a shortened five day period from 8 July 2020 to 12 July 2020. Five stakes race were not scheduled: Bewitch Stakes , Ben Ali Stakes , Commonwealth Stakes , Doubledogdare Stakes and Lexington Stakes . The Breeders' Cup

4032-441: Was the setting for lively political debates as lawmakers grappled with such issues of the day as slavery and war. Today it is restored to the way it looked in the early 1850s and contains pieces original to that time. A young Gideon Shryock , the state's first native-born professionally trained architect, designed this Greek Revival building . It is the third one to have served as Kentucky's seat of government. The Old State Capitol

4096-781: Was won by Authentic , which had won the Kentucky Derby. Keeneland participates with Thoroughbred Owners and Breeders Association (TOBA), i.e., thoroughbred owners & breeders, professionals, and others who support and promote Thoroughbred ownership (and sponsorship), such as through networking and a high level of education. Keeneland is the world's largest Thoroughbred auction house, conducting three sales annually: The September Yearling Sale, November Breeding Stock Sale, and January Horses of All Ages Sale. Horses sold at Keeneland sales include 82 horses that won 88 Breeders' Cup World Championship races; 19 Kentucky Derby winners; 21 Preakness winners; 18 Belmont winners; 11 recipients of

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