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IMPACT REPORT
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The mission of the Thoroughbred Owners and Breeders Association is to improve the economics, integrity and pleasure of the sport on behalf of owners and breeders.
859-276-2291 www.toba.org 2365 Harrodsburg Rd. Ste. B240 Lexington, KY 40504
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TABLE OF CONTENTS Thoroughbred Owners and Breeders Association Impact Report
01 02 03 04
MEMBERSHIP EDUCATION & INDUSTRY IMPACT PARTNERSHIPS AMERICAN GRADED STAKES COMMITTEE
05
CLAIMING CROWN
06
TOBA NATIONAL AWARDS
07
MEDIA IMPACT
08 09
THOROUGHBRED CHARITIES OF AMERICA 2026 CLINIC SCHEDULE
2025 TOBA Impact Report | Page 1 MEMBERSHIP
MEMBERSHIP
TOTALS
Accounts
1,161
Individuals
1,383
Sponsor Members
385
State Association Members Arizona Arkansas California Florida Indiana Iowa Kentucky Louisiana Maryland New Jersey
Canada
MEMBERSHIP IMPACT BY STATE & COUNTRY
TOBA has a long history in advancing both breeding and racing, while always protecting the horse. It’s important to attract new owners into the game, but more important to bring them in while giving them the tools and expectations that will make them successful. TOBA is critical for our sport to grow responsibly and make a better future for all participants.
New Members Year Over Year 2023
2024
New Mexico New York North Carolina Oregon Ohio Pennsylvania South Carolina Texas Virginia Washington
2025
BRAXTON LYNCH ROYAL OAK FARM
2023
TOBA Member since 2002 2024
# Te a m TO BA
2025 0
20
40
60
80
100
Join our team of owners and breeders at toba.org.
2025 TOBA Impact Report | Page 2
E D U C AT I O N I M PA C T
Clinic Impact Year over Year Registrants
2025
2 CLINICS, 81 REGISTRANTS
2024
3 CLINICS, 67 REGISTRANTS 0
20
40
2025 Clinics
60
80
OVERALL SATISFACTION RATING
100
95%
1. Breeding 2. Pedigree & Conformation **Both 2025 Clinics were sold out.
INDUSTRY IMPACT 1. National Thoroughbred Racing Association Safety Campaign
TOBA Contributions in 2024 and 2025
$250,000+ to the following organizations& initiatives TO SUPPORT OUR MISSION TO IMPROVE THE ECONOMICS, INTEGRITY AND PLEASURE OF THE SPORT ON BEHALF OF THOROUGHBRED OWNERS AND BREEDERS
2. American Association of Equine Practitioners Biometric Sensory Research Project 3. Thoroughbred Racing Initiative 4. Thoroughbred Industry Employee Awards 5. Racing Medication & Testing Consortium 6. Racing Officials Accreditation Program 7. International Thoroughbred Breeders’ Federation 8. American Horse Council 9. Eclipse Awards 10. Gluck Equine Research Center 11. State Breeders Workshop
2025 TOBA Impact Report | Page 3 C O S T- S AV I N G PA R T N E R S H I P S
Partners
5% “EARLYBIRD” Discount
ORGANIZATION PARTNERSHIPS & SPONSORS
20% off website using code TOBA
2025 TOBA Impact Report | Page 4 AMERICAN GRADED S TA K E S C O M M I T T E E EACH YEAR, TOBA’S AMERICAN GRADED STAKES COMMITTEE CONDUCTS A COMPREHENSIVE, DATADRIVEN REVIEW OF U.S. STAKES RACES TO PROTECT THE INTEGRITY AND GLOBAL VALUE OF BLACK TYPE. THIS WORK DIRECTLY SUPPORTS OWNERS AND BREEDERS BY ENSURING GRADED AND LISTED STATUS PROVIDES A RELIABLE CURRENT GUIDE TO THE RELATIVE QUALITY OF THOROUGHBRED BLOODSTOCK PARTICIPATING IN STAKES RACES ASSIGNED A GRADE BY THE COMMITTEE.
Scope of Review
942 $75,000+ U.S. stakes races evaluated
minimum purse requirement
Nationwide
2-day annual grading session
review across all major racing regions
Classification Breakdown Quality Control in Action Non-Listed but Eligible Races 321 Graded Races 410
Listed-Restricted Races 12 Listed Races 199
UPGRADES
1
Grade 1
DOWNGRADES
10
Grade 2
13
4
Grade 3
Graded Races
American Graded Stakes Committee
Grade 1 22.4% 10
Grade 3 44.4%
Listed or ListedRestricted
6
Demoted to Non-Listed Black Type
Multiple races deemed not eligible for grading
Grade Breakdown
Grade 2 33.2%
View the 2026 Graded and Listed Stakes Press Release
TOBA members don’t just participate in the sport— they help define its standards.
2025 TOBA Impact Report | Page 5 CLAIMING CROWN
1
CLAIMING CROWN
8
A partnership between the Thoroughbred Owners and Breeders Association and the National Horsemen’s Benevolent and Protective Association, the Claiming Crown was envisioned to be the claiming horse owners’ Breeders’ Cup; a special racing event, created for the sometimesforgotten “average owner,” and featuring some of the most competitive horses in the country.
CHAMPIONSHIP RACES Read More about the Claiming Crown
$1.1 MILLION+ IN TOTAL PURSES NATIONAL INDUSTRY COVERAGE Claiming Crown Jewel
$224,943 PURSE WINNING HORSE
DOUBLE YOUR MONEY
FULL FIELDS ACROSS 8 RACES
NATIONWIDE INDUSTRY PARTICIPATION
Arkansas California Colorado Connecticut Florida Illinois Indiana Iowa Kentucky Louisiana Maryland New York Ohio Pennsylvania West Virginia
2025 TOBA Impact Page 6 TOBA’s National and State Awards programs celebrate excellence across the Thoroughbred industry while shining a spotlight on the people, horses, and partnerships that make our sport thrive. By recognizing achievement at both the national and grassroots levels, these awards elevate industry standards, inspire best practices, and strengthen pride and engagement within racing communities across the country.
T O B A N AT I O N A L AWA R D S
Claiming Crown Horse of the Year
Like a Saltshaker
Sport Horse of the Year
Broodmare of the Year
Zealand
Sataves
Dr. J. David Richardson Industry Service Award Alan Foreman
Breeder of the Year Godolphin
Small Breeder of the Year The partnership of Lance Gasaway, Daniel Hamby and 4G Racing
Cot Campbell Partnership SF Racing, Starlight Racing. Madaket Stables, Robert E. Masterson, Stonestreet Stables, Waves Edge Capital, and Catherine Donovan
Owner of the Year Godolphin
S TAT E A WA R D S
Arizona Fleming Thoroughbred Farm LLC
South Carolina
2024 BREEDERS OF THE YEAR
Franklin G. Smith Sr.
Arkansas
Florida
Louisiana
New York
Texas
McDowell Farms
Stonehedge LLC
Tony Doughtie
William Butler
Danele Durham
California
Indiana
Maryland
North Carolina
Virginia
Richard Barton Enterprises
Justice Farms, Inc.
Larry Johnson
Nancy Shuford
Audley Farm Equine
Canada- Breeder
Iowa
New Jersey
Oregon
Washington
Adena Springs
Poindexter Thoroughbreds, LLC
Vincent Annarella
Connie and Lee Erickson
Nina and Ron Hagen
Canada- Small Breeder Jesse Korona
Kentucky
New Mexico
Pennsylvania
Godolphin
J. Kirk & Judy Robison
Warriors Reward LLC
2025 TOBA Impact Report | Page 7
M E D I A I M PA C T The BloodHorse Magazine
The BloodHorse Daily
ADVERTISING PARTNERS
The Jockey Club
Daily Racing Form
Thoroughbred Daily News
As a co-owner of The BloodHorse, TOBA is deeply invested in preserving its role as a trusted, authoritative source of information for the Thoroughbred industry, making its continued circulation vital to the health and progress of our sport.
TOBA Ad Campaigns
The BloodHorse Circulation
6,466 average per month in 2025 BloodHorse Daily Subscribers
21,426 subscribers with a 39% open rate
TOBA Publications
Member of the Month
#TeamTOBA
2025 TOBA Impact Report | Page 8
THOROUGHBRED CHARITIES OF AMERICA
The charitable arm of TOBA
2025 in review.... $1.1 Million Dollars
98 organizations
awarded to
Type of Organization
Breakdown Aftercare Programs Backstretch and Farm Worker Programs Equine Assisted Therapy Organizations Thoroughbred Incentive programs Research Organizations 0
10
20
30
40
Number of Awards
Since its inception in 1990, TCA has awarded more than $28 million in grants.
50
60
70
2025 TOBA Impact Report | Page 9
2 0 2 6 E D U C AT I O N SCHEDULE
MARCH
9-10
PEDIGREE & CONFORMATION CLINIC Ocala Breeders’ Sales, Ocala, Fla.
MAY
BREEDING CLINIC
JULY
NEW OWNERS SEMINAR
29-30 Lexington, Ky. (Locations TBD) 11
OCT.
19
Horseshoe Indianapolis, Shelbyville, In.
PEDIGREE & CONFORMATION CLINIC Fasig-Tipton, Lexington, Ky.
Thank you to our 2026 Clinic Sponsor