Florida Thoroughbred Charities Inc
- Assets
- $310.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ocala, FL
- Founding
- 06/1991
- Data as of
- 12/2023
- 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 12/2023, Florida Thoroughbred Charities Inc generated $145.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $51.8k during the year ending 12/2023. 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
2023
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 |
|---|---|---|---|
George Russell 1st Vice Pre | 0.5 | $0 | |
Lonny Powell CEO & Execut | 0.5 | $0 | |
Nick DE Meric Secretary | 0.5 | $0 | |
Joseph M O'farrell III Treasurer | 0.5 | $0 | |
George Issacs President | 0.5 | $0 | |
Francis Vanlangendonck 2nd Vice Pre | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,121 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $89 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$12,710 |
| Other Revenue | $0 |
| Total Revenue | $145,500 |
| 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 | $3,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $72 |
| Other expenses | $7,525 |
| Total expenses | $51,847 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $310,692 |
| Other assets | $0 |
| Total assets | $310,692 |
| Total liabilities | $59 |
| Net assets or fund balances | $310,633 |