Trao Retired Horse Fund
- Assets
- $27.6k
- Revenue
- $24.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 09/2012
- Data as of
- 12/2023
- EIN
- 90-1113285
Organization Overview
Trao Retired Horse Fund is located in Oklahoma City, OK. The organization was established in 2012. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trao Retired Horse Fund 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, Trao Retired Horse Fund generated $24.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $31.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS TRUST IS THE PROMOTION OF THE RESPONSIBLE AND HUMANE RETIREMENT OF THOROUGHBRED RACEHORSES INCLUDING, BUT NOT LIMITED TO, EDUCATION OF THE THOROUGHBRED RACING INDUSTRY AND GENERAL PUBLIC, ENCOURAGEMENT OF BEST PRACTICES BY OWNERS AND TRAINERS WITH REGARD TO THE RETENTION, RETRAINING, AND RETIREMENT OF THOROUGHBRED RACEHORSES, PREVENTION OF CRUELTY TO RETIRED THOROUGHBRED RACEHORSES, AND SUPPORT FOR THE TRANSITION, TRAINING, AND PLACEMENT OF RETIRED THOROUGHBRED RACEHORSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE ORGANIZATION PROMOTED THE RESPONSIBLE AND HUMANE RETIREMENT OF THOROUGHBRED RACEHORSES INCLUDING THE EDUCATION OF THE THOROUGHBRED RACING INDUSTRY AND GENERAL PUBLIC AND: 1) ENCOURAGED BEST PRACTICES BY OWNERS AND TRAINERS WITH REGARD TO THE RETENTION, RETRAINING, AND RETIREMENT OF THOROUGHBRED RACEHORSES, 2) ENCOURAGED BEST PRACTICES BY OWNERS AND TRAINERS WITH REGARD TO THE PREVENTION OF CRUELTY TO RETIRED THOROUGHBRED RACEHORSES, AND 3) SUPPORTED THE TRANSITION, TRAINING, AND PLACEMENT OF RETIRED THOROUGHBRED RACEHORSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Biehler Director | Trustee | $0 | |
Randy Blair Director | Trustee | $0 | |
Danny Caldwell Director | Trustee | $0 | |
Boyd Caster Director | Trustee | $0 | |
David Faulkner Director | Trustee | $0 | |
Bryan Hawk Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $24,495 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $27,619 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $31,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,596 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,596 |
| Accounts payable and accrued expenses | $401 |
| 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 | $401 |
| Net assets without donor restrictions | $27,195 |
| Net assets with donor restrictions | $0 |
| 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 | $27,596 |