Thoroughbred Charities Of America Inc
- Assets
- $1.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Lexington, KY
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 26-2861555
Organization Overview
Thoroughbred Charities Of America Inc is located in Lexington, KY. The organization was established in 2008. According to its NTEE Classification (D11) the organization is classified as: Single Organization Support, under the broad grouping of Animal-Related and related organizations. As of 12/2021, Thoroughbred Charities Of America Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thoroughbred Charities Of America 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, Thoroughbred Charities Of America Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thoroughbred Charities Of America Inc has awarded 313 individual grants totaling $4,609,689. 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
TO PROVIDE A BETTER LIFE FOR THOROUGHBREDS BY FUNDING AND FACILIATING QUALIFIED REPURPOSING AND RETIREMENT ORGANIZATIONS AND BY HELPING THE PEOPLE WHO CARE FOR THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A BETTER LIFE FOR THOROUGHBREDS, BOTH DURING AND AFTER THEIR RACING CAREERS, BY SUPPORTING QUALIFIED REPURPOSING AND RETIREMENT ORGANIZATIONS AND BY HELPING THE PEOPLE WHO CARE FOR THEM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Halliwell Executive Director | 40 | $102,830 | |
Bob Beck Director | OfficerTrustee | 2 | $0 |
Lesley Howard Treasurer | OfficerTrustee | 2 | $0 |
Michael Mcmahon President | OfficerTrustee | 10 | $0 |
Bing Bush Director | Trustee | 1 | $0 |
Terry Finley Director | Trustee | 1 | $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 | $624,954 |
| Noncash contributions included in lines 1a–1f | $102,113 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $624,954 |
| Total Program Service Revenue | $0 |
| Investment income | $18,643 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $579,311 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,222,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $794,067 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,830 |
| Compensation of current officers, directors, key employees. | $7,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,740 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,066 |
| Payroll taxes | $12,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,099 |
| Fees for services: Accounting | $19,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,931 |
| Advertising and promotion | $0 |
| Office expenses | $1,541 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,800 |
| Travel | $2,963 |
| 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 | $2,581 |
| All other expenses | $1,798 |
| Total functional expenses | $1,064,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,523 |
| Savings and temporary cash investments | $1,074,124 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,770 |
| 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 | $9,783 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $271,229 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $1,465,431 |
| Accounts payable and accrued expenses | $30,894 |
| 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 | $30,894 |
| Net assets without donor restrictions | $776,286 |
| Net assets with donor restrictions | $658,251 |
| 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 | $1,465,431 |
Grants Awarded
Over the last fiscal year, Thoroughbred Charities Of America Inc has awarded $591,441 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
Edgewater, MD | | $65,000 |
Elmont, NY | | $38,000 |
Lexington, KY | | $23,000 |
New York, NY | | $18,528 |
Elmont, NY | | $18,430 |
Lexington, KY | | $18,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Thoroughbred Charities Of America Inc has recieved totaling $16,800.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $10,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $6,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Saint Louis Zoo Foundation Saint Louis, MO | $186,470,677 | $57,800,595 |
Fort Wayne Zoological Society Inc Fort Wayne, IN | $38,602,539 | $21,227,261 |
Max Mcgraw Wildlife Foundation Dundee, IL | $31,238,913 | $10,078,461 |
Tennessee Wildlife Resources Foundation Inc Nashville, TN | $51,857,407 | $2,391,407 |
Toledo Zoological Society Foundation Toledo, OH | $25,241,517 | $6,257,796 |
Friends Of The Zoo Inc Chattanooga, TN | $4,728,476 | $6,364,362 |
Birdsong Charitable Foundation Inc Suffolk, VA | $8,235,918 | $1,734,283 |
Red Bird Hollow Foundation Lake Forest, IL | $3,856,543 | $2,824,118 |
Cincinnati Zoo Foundation Inc Cincinnati, OH | $27,823,260 | $3,938,977 |
Thoroughbred Charities Of America Inc Lexington, KY | $1,465,431 | $1,222,908 |
Animal House Fund St Louis, MO | $524,779 | $599,440 |
Richardson Wildlife Foundation West Brooklyn, IL | $5,417,639 | $691,458 |