Overview
What is Thoroughbred Charities Of America Inc?
Thoroughbred Charities of America Inc, based in Lexington, Kentucky, is a compassionate nonprofit organization dedicated to improving the lives of Thoroughbred horses, both during and post-racing careers. With just two dedicated employees, they support qualified repurposing and retirement organizations and assist the individuals caring for these horses. Their mission is to facilitate and fund initiatives that foster better lives for Thoroughbreds.
Official website here: www.tca.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Thoroughbred Charities of America Inc (TCA) has received a respectable Three-Star rating from Charity Navigator, based on its strong focus on accountability and finance. The organization shows commendable practices such as maintaining a fully independent board and demonstrating no material diversion of assets. However, it does have some areas for improvement, notably the absence of a whistleblower policy and document retention policies, as well as its tax form not being posted on the nonprofit's website.
User reviews on GreatNonprofits highlight TCA’s significant positive impact on various equine-related initiatives, with several clients expressing gratitude for the financial support and thorough processes the organization employs in grant administration. Many reviewers emphasized the importance of TCA's contributions towards not only the welfare of Thoroughbred horses but also the people involved in their care, showcasing the organization’s commitment to a wide range of programs including rescue, rehabilitation, and education.
Overall, TCA is recognized for its effective fundraising and allocation of resources to support thoroughbred industry causes, with consistent acknowledgment of its positive influence within the community. While it excels in financial accountability and effectiveness, enhancing its governance policies could further solidify its standing as a responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Thoroughbred Charities Of America Inc legitimate?
Thoroughbred Charities Of America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thoroughbred Charities Of America Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $105,720
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,672
For more financial information, click here
Official website here: www.tca.org
What is the mission statement of Thoroughbred Charities Of America Inc?
Thoroughbred Charities of America Inc strives to enhance the lives of Thoroughbred horses and those who care for them. Their mission is focused on funding and facilitating qualified organizations that repurpose and retire these animals. By doing so, they aim to ensure these horses have a better life after their racing careers. Additionally, they offer assistance to the people dedicated to their care. In essence, Thoroughbred Charities of America Inc is committed to improving the well-being of Thoroughbreds and their handlers.
Official website here: www.tca.org
Who is the CEO of Thoroughbred Charities Of America Inc?
Erin Halliwell is the Executive Director of Thoroughbred Charities Of America Inc.
Official website here: www.tca.org
What is the revenue of Thoroughbred Charities Of America Inc?
Thoroughbred Charities Of America Inc's revenue in 2022 was $1,190,737.
Official website here: www.tca.org
Who are the executives of Thoroughbred Charities Of America Inc and what are their salaries?
The average compensation at Thoroughbred Charities Of America Inc during 2022 was $78,696. There are 2 employees at Thoroughbred Charities Of America Inc.
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Official website here: www.tca.org
Where can I find the form 990 for Thoroughbred Charities Of America Inc?
Thoroughbred Charities Of America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tca.org
Learn more at the official website: www.tca.org
Mission Statement of Thoroughbred Charities Of America Inc
Thoroughbred Charities of America Inc, a renowned nonprofit organization, is dedicated to enhancing the lives of Thoroughbred horses and the people who care for them. By funding and facilitating qualified repurposing and retirement organizations, the charity aims to ensure a better future for these horses once they have retired from racing.
In pursuing its mission, Thoroughbred Charities of America Inc extends its support to organizations that focus on the well-being of Thoroughbreds. These organizations include those that provide retraining programs for Thoroughbreds, enabling them to transition into second careers or new roles. Through its initiatives, the charity also assists individuals who have dedicated their lives to caring for Thoroughbreds, offering them the help they need to continue their vital work.
The primary objective of Thoroughbred Charities of America Inc is to create a sustainable future for Thoroughbreds, both during their racing careers and afterwards. By working closely with reputable organizations, the charity is able to make a significant impact on the lives of these horses and the people who care for them. Through its funding and facilitation efforts, Thoroughbred Charities of America Inc is helping to secure a brighter future for Thoroughbreds, ensuring that they can continue to make valuable contributions, whether on the racetrack or in new roles.
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Impact
October, 2024
Thoroughbred Charities of America Inc makes a significant impact by enhancing the lives of Thoroughbred horses both during and after their racing careers. Through funding and facilitating qualified repurposing and retirement organizations, they ensure that these horses transition to fulfilling second careers or find safe, loving homes. Additionally, the organization provides vital support to the people who care for these horses, acknowledging that the well-being of the animals is closely tied to the welfare of their caretakers. This holistic approach not only improves the quality of life for Thoroughbreds but also fosters a community that prioritizes animal welfare in Lexington, KY, and beyond.
This information is meant to be a general summary of Thoroughbred Charities Of America Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $28,248
- Gross Receipts: $2,707,825
Assets and Liabilities:
- Total Assets: $1,533,312
- Total Liabilities: $53,901
- Net Assets: $1,479,411
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Organization Details
Founding Year
2008
Phone
(859) 276-4989Principal Officer
Erin Halliwell
Main Address
2365 Harrodsburg Road A200, LEXINGTON, KY, 40504
Website
www.tca.orgNTEE Category
Code: D11 - Animals
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