Florida Thoroughbred Charities Inc
- Assets
- $212.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ocala, FL
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 59-2991947
Organization Overview
Florida Thoroughbred Charities Inc is located in Ocala, FL. The organization was established in 1991. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Thoroughbred Charities Inc 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 12/2021, Florida Thoroughbred Charities Inc generated $113.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $83.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AN EQUINE NON PROFIT CHARITABLE ORGANIZATION AND SUPPORT INDIVIDUALS IN THE EQUINE INDUSTRY THROUGH SCHOLARSHIPS TO EDUCATIONAL INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3
CONTRIBUTIONS WERE MADE TO AN EQUINE NONPROFIT ORGANIZATION
CONTRIBUTIONS WERE MADE TO EDUCATIONAL INSTITUTIONS ON BEHALF OF INDIVIDUALS IN THE EQUINE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lonny Powell Executive Di | 0.5 | $0 | |
George Russell 2nd Vice Cha | 0.5 | $0 | |
Phil Matthews Exited October 2021 Chairman | 0.5 | $0 | |
Brent Fernung Treasurer | 0.5 | $0 | |
Valerie Dailey Chairman | 0.5 | $0 | |
Joseph M O'farrell III Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,412 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$23,018 |
| Other Revenue | $0 |
| Total Revenue | $113,394 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,100 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $140 |
| Other expenses | $6,856 |
| Total expenses | $83,296 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $212,414 |
| Other assets | $0 |
| Total assets | $212,414 |
| Total liabilities | $59 |
| Net assets or fund balances | $212,355 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Florida Thoroughbred Charities Inc has recieved totaling $10,250.
| Awarding Organization | Amount |
|---|---|
Quail Roost Foundation Radnor, PA PURPOSE: SCHOLARHIP PROGRAM | $10,000 |
Palmer Foundation Inc Ocala, FL PURPOSE: GENERAL FUND | $250 |
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|---|---|---|
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United Way Of Central Georgia Inc Macon, GA | $7,934,369 | $5,384,686 |
United Way Of Northwest Georgia Inc Dalton, GA | $13,956,777 | $6,588,564 |
United Way Of Collier And The Keys Inc Naples, FL | $8,185,176 | $3,289,127 |
United Way Of West Alabama Inc Tuscaloosa, AL | $5,814,204 | $4,810,618 |
Jewish Federation Of Jacksonville Inc Jacksonville, FL | $31,519,335 | $4,750,209 |