Thoroughbred Aftercare Alliance Foundation Inc
- Assets
- $6.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Lexington, KY
- Founding
- 01/2013
- Data as of
- 08/2021
- EIN
- 45-4783644
Organization Overview
Thoroughbred Aftercare Alliance Foundation Inc, operating under the name Thoroughbred Aftercare Alliance, is located in Lexington, KY. The organization was established in 2013. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. As of 12/2020, Thoroughbred Aftercare Alliance employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thoroughbred Aftercare Alliance is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Thoroughbred Aftercare Alliance generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $504.0k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (25.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thoroughbred Aftercare Alliance has awarded 404 individual grants totaling $16,919,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THOROUGHBRED AFTERCARE ALLIANCE (TAA) IS AN ORGANIZATION DESIGNED TO SERVE AS BOTH THE ACCREDITING BODY FOR AFTERCARE ORGANIZATIONS THAT CARE FOR THOROUGHBRED HORSES FOLLOWING THE CONCLUSION OF THEIR CAREERS AS WELL AS A FUNDRAISING BODY TO SUPPORT THESE APPROVED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020, TAA GRANTED ACCREDITATION TO 87 ORGANIZATIONS FOLLOWING A THOROUGH AND RIGOROUS PROCESS WHEREBY EACH ORGANIZATION AGREED TO MAINTAIN A SET CODE OF STANDARDS REVIEWED AND APPROVED BY THE AMERICAN HUMANE ASSOCIATION AND THE AMERICAN ASSOCIATION OF EQUINE PRACTITIONERS. EACH ORGANIZATION WAS SUBJECT TO AN IN DEPTH APPLICATION AND RECEIVED ONSITE VISITS TO EACH ORGANIZATION CARING FOR THEIR HORSES. IN 2020 THESE 87 APPROVED ORGANIZATIONS RECEIVED GRANTS TOTALING $3,500,000, AND THESE GRANTS MAY BE USED ONLY FOR ACTIVITIES, MATERIALS, SUPPLIES, AND SERVICES DIRECTLY RELATED TO THE CARE OF THE ORGANIZATION'S HORSES.
IN 2020, TAA GRANTED ACCREDITATION TO 87 ORGANIZATIONS FOLLOWING A THOROUGH AND RIGOROUS PROCESS WHEREBY EACH ORGANIZATION AGREED TO MAINTAIN A SET CODE OF STANDARDS REVIEWED AND APPROVED BY THE AMERICAN HUMANE ASSOCIATION AND THE AMERICAN ASSOCIATION OF EQUINE PRACTITIONERS. EACH ORGANIZATION WAS SUBJECT TO AN IN DEPTH APPLICATION AND RECEIVED ONSITE VISITS TO EACH ORGANIZATION CARING FOR THEIR HORSES. IN 2020 THESE 87 APPROVED ORGANIZATIONS RECEIVED GRANTS TOTALING $3,500,000, AND THESE GRANTS MAY BE USED ONLY FOR ACTIVITIES, MATERIALS, SUPPLIES, AND SERVICES DIRECTLY RELATED TO THE CARE OF THE ORGANIZATION'S HORSES. DURING THE SHORT PERIOD, TAA DID NOT PROVIDE ANY GRANTS DUE TO THE CHANGE IN ACCOUNTING PERIOD. THIS WILL RESUME NEXT YEAR WHEN A FULL YEAR RETURN IS FILED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,652,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,652,425 |
| Total Program Service Revenue | $0 |
| Investment income | $446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,067 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,652,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,380,000 |
| Grants and other assistance to domestic individuals. | $600 |
| Grants and other assistance to Foreign Orgs/Individuals | $120,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,925 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,242 |
| Payroll taxes | $13,454 |
| Fees for services: Management | $86,538 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,146 |
| Advertising and promotion | $9,920 |
| Office expenses | $29,735 |
| Information technology | $18,954 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $39,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,126 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,194 |
| Insurance | $13,281 |
| All other expenses | $0 |
| Total functional expenses | $504,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $602,653 |
| Savings and temporary cash investments | $4,666,955 |
| Pledges and grants receivable | $955,190 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,473 |
| Net Land, buildings, and equipment | $6,719 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,250,990 |
| Accounts payable and accrued expenses | $53,868 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $53,868 |
| Net assets without donor restrictions | $5,992,542 |
| Net assets with donor restrictions | $204,580 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,250,990 |
Grants Awarded
Over the last fiscal year, Thoroughbred Aftercare Alliance Foundation Inc has awarded $3,372,999 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
Georgetown, KY PURPOSE: Thoroughbred Aftercare | $170,000 |
Saratoga Springs, NY PURPOSE: Thoroughbred Aftercare | $168,913 |
Pawling, NY PURPOSE: Thoroughbred Aftercare | $157,825 |
Chesapeake City, MD PURPOSE: Thoroughbred Aftercare | $135,000 |
Palm City, FL PURPOSE: Thoroughbred Aftercare | $125,000 |
Tehachapi, CA PURPOSE: Thoroughbred Aftercare | $120,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Thoroughbred Aftercare Alliance Foundation Inc has recieved totaling $1,835,788.
| Awarding Organization | Amount |
|---|---|
Jockey Club New York, NY PURPOSE: General Support | $1,484,975 |
Florida Horsemens Charitable Foundation Inc Hallandale Beach, FL PURPOSE: CHARITIABLE | $300,000 |
New York Thoroughbred Horsemens Association Inc Jamaica, NY PURPOSE: REHAB & RETIREMENT | $20,000 |
Mary K Oxley Foundation Tulsa, OK PURPOSE: 2021 PROGRAM SUPPORT | $15,000 |
Kentucky Thoroughbred Farm Managers Club Inc Lexington, KY PURPOSE: 2021 BENOVOLENT GIFT | $10,000 |
Julia & Isadore Klein Family Foundation Inc Louisville, KY PURPOSE: CHARITABLE | $5,000 |
Endowment Analysis
| Beg. Balance | $484,957 |
| Admin Expense | $222,927 |
| Ending Balance | $484,957 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humane Society Of Missouri St Louis, MO | $118,285,076 | $34,513,821 |
Paws Chicago Chicago, IL | $110,792,054 | $25,583,690 |
Anti-Cruelty Society Chicago, IL | $66,596,441 | $14,208,657 |
Richmond Society For The Prevention Of Cruelty To Animals Richmond, VA | $57,425,937 | $15,802,293 |
Anicira Veterinary Center Harrisonburg, VA | $6,192,293 | $8,154,970 |
Humane Society Of Indianapolis Inc Indianapolis, IN | $5,932,598 | $6,642,326 |
Kentucky Humane Society Louisville, KY | $24,399,127 | $11,144,330 |
Wayside Waifs Inc Kansas City, MO | $33,809,848 | $10,620,138 |
Young-Williams Animal Center Of East Tennessee Knoxville, TN | $5,944,535 | $6,893,843 |
The Cleveland Animal Protective League Cleveland, OH | $46,641,680 | $10,544,377 |
Kansas City Pet Project Kansas City, MO | $1,985,562 | $5,802,344 |
Albemarle Society For The Prevention Of Cruelty To Animals Charlottesville, VA | $17,853,969 | $7,966,157 |