Overview
What is Thoroughbred Placement Resources Inc?
Thoroughbred Placement Resources Inc, also known as TPR, is a nonprofit organization based in Upper Marlboro, Maryland, specifically at 13130 Molly Berry Road. Their mission is dedicated to enhancing the lives of Thoroughbred racehorses by facilitating their retirement and transition into new careers. TPR successfully retrains these horses for various disciplines, providing them with a renewed purpose. The organization also offers instruction to individuals wishing to work with these Thoroughbreds, imparting essential techniques and philosophical perspectives for their career transitions. TPR's efforts extend beyond just the horses, as they also aim to educate the public and develop Breed Ambassadors.
Official website here: www.goodhorse.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 74%, Two-Star out of Four Stars
Thoroughbred Placement Resources Inc has received a Two-Star rating from Charity Navigator, indicating that while it demonstrates some strengths in accountability and finance, there are significant areas for improvement. The organization's high score of 100% for having a majority independent board members and no material diversion of assets reflects a solid governance structure.
However, critical deficiencies are evident in the absence of essential policies, such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy. These missing elements may raise concerns about the organization’s operational transparency and risk management practices. Additionally, while the program expense ratio is relatively strong at 68.73%, indicating efficient allocation of resources towards its mission, the overall rating suggests that potential donors should consider these governance gaps carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Thoroughbred Placement Resources Inc legitimate?
Thoroughbred Placement Resources Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thoroughbred Placement Resources 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.
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.goodhorse.org
What is the mission statement of Thoroughbred Placement Resources Inc?
Thoroughbred Placement Resources Inc is dedicated to enhancing the lives of Thoroughbred racehorses, both active and retired. Through their efforts, these horses are given the opportunity for training, rehabilitation, and ultimately, new homes. The organization takes on the responsibility of transitioning and retraining these thoroughbreds for various disciplines. Additionally, Thoroughbred Placement Resources Inc serves as a valuable educational resource, instructing others on the techniques and skills necessary for successful career transitions for these racehorses.
Official website here: www.goodhorse.org
Who is the CEO of Thoroughbred Placement Resources Inc?
Kimberly Clark is the President/Executive Director of Thoroughbred Placement Resources Inc.
Official website here: www.goodhorse.org
What is the revenue of Thoroughbred Placement Resources Inc?
Thoroughbred Placement Resources Inc's revenue in 2022 was $190,584.
Official website here: www.goodhorse.org
Who are the executives of Thoroughbred Placement Resources Inc and what are their salaries?
There 30 volunteers at Thoroughbred Placement Resources Inc.
Here are 7 key members and their salaries:
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Official website here: www.goodhorse.org
Where can I find the form 990 for Thoroughbred Placement Resources Inc?
Thoroughbred Placement Resources Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodhorse.org
Learn more at the official website: www.goodhorse.org
Mission Statement of Thoroughbred Placement Resources Inc
Thoroughbred Placement Resources, Inc. (TPR) is a dedicated organization that enhances the lives of Thoroughbred racehorses, both those still in the racing circuit and those retired. TPR's primary objective is to provide these horses with training, rehabilitation, and retraining for new disciplines. The team at TPR is committed to educating the public about Thoroughbred racehorses and their unique qualities through the development of Breed Ambassadors.
In simpler terms, Thoroughbred Placement Resources, Inc. plays a vital role in the lives of Thoroughbred racehorses as they reach the end of their racing careers. The organization facilitates the transition of these horses from the racetrack to other disciplines, ensuring they continue to live fulfilling lives. TPR also offers educational opportunities for individuals interested in working with Thoroughbred racehorses, providing them with the necessary skills and knowledge for successful career transitions.
Thoroughbred Placement Resources, Inc.'s mission is driven by a deep-rooted passion for these horses and a commitment to their well-being. By offering training, rehabilitation, and retraining, TPR ensures that Thoroughbred racehorses can continue to make valuable contributions to the equestrian community. Additionally, the organization's educational initiatives foster a greater understanding of Thoroughbred racehorses and their unique characteristics, ultimately benefiting the horses and the people who work with them.
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Impact
October, 2024
Thoroughbred Placement Resources Inc significantly enhances the lives of Thoroughbred racehorses as they transition from their racing careers. By providing specialized training and rehabilitation, the organization ensures that both active and retired racehorses receive the care they need to thrive in new disciplines. This initiative not only improves the well-being of the horses but also plays a crucial role in educating the public through the development of Breed Ambassadors, who raise awareness about the needs and capabilities of Thoroughbreds.
The organization facilitates successful transitions for these horses, helping them adapt to alternative careers and find loving new homes. In doing so, Thoroughbred Placement Resources Inc empowers horse care providers with the necessary skills and philosophies to support these transitions, fostering a deeper understanding and appreciation of Thoroughbreds within the equestrian community. Their work promotes the humane treatment of horses and contributes to the overall welfare of the breed.
This information is meant to be a general summary of Thoroughbred Placement Resources 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.
- Program Service Revenue: $47,639
- Gross Receipts: $190,584
Assets and Liabilities:
- Total Assets: $149,882
- Total Liabilities: -$1,273
- Net Assets: $151,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Training Services
Revenue
$47,639
Organization Details
Founding Year
2008
Phone
(410) 802-8425Principal Officer
Kimberly Clark
Main Address
13130 Molly Berry Road, Upper Marlboro, MD, 20772
Website
www.goodhorse.orgNTEE Category
Code: D30 - Animals
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