Florida Thoroughbred Breeders Association Inc

Organization Overview

Florida Thoroughbred Breeders Association Inc, operating under the name Florida Thoroughbred Breeders And, is located in Ocala, FL. The organization was established in 1968. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2022, Florida Thoroughbred Breeders And employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Thoroughbred Breeders And is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 06/2022, Florida Thoroughbred Breeders And generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 4.0% 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 2018, Florida Thoroughbred Breeders And has awarded 11 individual grants totaling $2,291,026. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE THOROUGHBRED HORSE INDUSTRY IN THE STATE OF FLORIDA

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES THE ADMINISTRATION FOR THE PAYMENTS OF AWARDS TO BREEDERS OF FLORIDA-BRED HORSES THAT WIN OR PLACE AT FLORIDA RACE TRACKS. THE AWARDS ARE DETERMINED BASED ON FORMULAS ESTABLISHED BY A STATE APPROVED BREEDERS AWARD PLAN.


REGISTRATION OF FLORIDA-BRED FOALS AND REGISTRATION OF STALLIONS STANDING AT STUD IN THE STATE OF FLORIDA.


ADVERTISING AND PROMOTION OF THE FLORIDA HORSE INDUSTRY.


ADMINISTRATION OF THE FLORIDA SIRE STAKES PROGRAM.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Lonny T Powell
CEO & Execut
$311,770
Peggy Yost
CFO
$84,291
Phil Matthews DVM
Immediate Pa
$0
Valerie Dailey
President
$0
Brent Fernung
Treasurer
$0
George Isaacs
1st Vice Pre
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jacks Or Better Farm Inc
Stallion Awards
$192,450
Brent Fernung
Stallion Awards
$153,000
Smith Bryan & Myers
Lobbying
$106,449
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$84,100
Fundraising events$0
Related organizations$167,856
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$56,590
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$308,546
Total Program Service Revenue$2,580,311
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 $2,891,430

Grants Awarded

Over the last fiscal year, Florida Thoroughbred Breeders Association Inc has awarded $613,500 in support to 2 organizations.

Grant RecipientAmount

TAMPA BAY DOWNS INC

PURPOSE: PURSE SUPPLEMENT

$338,500

GULFSTREAM PARK

PURPOSE: PURSE SUPPLEMENT

$275,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Florida Thoroughbred Breeders Association Inc has recieved totaling $19,623.

Awarding OrganizationAmount
U S Livestock Genetics Export Inc

Mount Horeb, WI

PURPOSE: MARKET DEVELOPMENT

$19,623
View Grant Recipient Profile

Create an account to unlock the data you need.

or