Thoroughbred Athletes Inc
- Assets
- $35.4k
- Revenue
- $133.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Guthrie, OK
- Founding
- 11/2012
- Data as of
- 12/2021
- EIN
- 90-0827464
Organization Overview
Thoroughbred Athletes Inc is located in Guthrie, OK. The organization was established in 2012. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thoroughbred Athletes 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 Athletes Inc generated $133.1k 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 (3.4%) each year. All expenses for the organization totaled $137.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY MISSION IS TO REHABILITATE, RETRAIN AND REHOME OFF-THE-TRACK THOROUGHBREDS AND AFFORD COMMUNITY YOUTH THE ABILITY TO EXPERIENCE THE PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING GROWTH AND LEARNING IN BOTH HORSES AND YOUTH BY INSTILLING SOLID WORK ETHIC WITH EMPHASIS ON TEAMWORK, RESPONSIBILITY, CONFIDENCE AND SERVICE TO OTHERS. PROVIDES HORSES WITH A SOLID TRAINING FOUNDATION FOR A SECOND CAREER AND YOUTH WITH LIFE-LONG SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Tanner President | Officer | 0 | $0 |
Jackie Smith Vice Preside | Officer | 0 | $0 |
Cecelia Leonard Treasurer | Officer | 0 | $0 |
Katherine Piatt Secretary | Officer | 0 | $0 |
Lynn Sullivan CEO | Officer | 0 | $0 |
Chad Baumwart Director At | Trustee | 0 | $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 | $111,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,881 |
| Total Program Service Revenue | $21,260 |
| 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 | $133,141 |
| 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 | $0 |
| 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 | $6,515 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,909 |
| Office expenses | $4,117 |
| Information technology | $3,953 |
| Royalties | $0 |
| Occupancy | $16,933 |
| Travel | $3,117 |
| 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 | $2,515 |
| All other expenses | $2,866 |
| Total functional expenses | $137,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,907 |
| 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 | $8,500 |
| 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 | $35,407 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $35,407 |
| 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 | $35,407 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Thoroughbred Athletes Inc has recieved totaling $15,451.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,285 |
Kirkpatrick Foundation Inc Oklahoma City, OK PURPOSE: GENERAL SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $166 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Denver Dumb Friends League Denver, CO | $128,872,842 | $28,226,636 |
Humane Society Of Missouri St Louis, MO | $118,285,076 | $34,513,821 |
Emancipet Austin, TX | $10,002,079 | $22,943,378 |
Spca Of Texas Dallas, TX | $45,312,088 | $18,544,782 |
Humane Society Of The Pikes Peak Region Colorado Springs, CO | $31,213,500 | $18,547,973 |
Austin Pets Alive Austin, TX | $12,464,693 | $16,558,377 |
Houston Society For The Prevention Of Cruelty To Animals Houston, TX | $73,105,649 | $14,858,665 |
Peaceful Valley Donkey Rescue Inc San Angelo, TX | $8,722,019 | $10,005,463 |
Houston Humane Society Houston, TX | $27,051,708 | $9,359,774 |
Humane Society Of North Texas Fort Worth, TX | $23,564,161 | $9,000,137 |
Santa Fe Animal Shelter Inc Santa Fe, NM | $16,857,647 | $7,882,180 |
Wayside Waifs Inc Kansas City, MO | $33,809,848 | $10,620,138 |