Overview
What is Florida Thoroughbred Retirement And Adoptive Care?
Florida Thoroughbred Retirement and Adoptive Care (FLORIDA TRAC) is a nonprofit organization founded in 2010, based in Palm City, Florida. Their mission is to rehabilitate and find successful second careers for retired South Florida-based Thoroughbred racehorses by placing them in their adoptive forever homes. Through this program, horses are given new opportunities in the show world, polo arenas, and therapeutic riding programs. FLORIDA TRAC's efforts include offering rehabilitation services and carefully screening and qualifying families to ensure the best possible outcomes for both the horses and their new owners.
What are the reviews and ratings of this charity?
Charity Navigator Rating 87% - Three-Star out of Four Star rating
Florida Thoroughbred Retirement and Adoptive Care has been awarded a Three-Star rating by Charity Navigator, which reflects a solid score of 87%. This rating is solely based on the organization's performance in Accountability and Finance, indicating a strong focus on fiscal responsibility and transparency.
The nonprofit demonstrates commendable governance practices, with an entirely independent board composed of seven members and no material diversion of assets. Key policies regarding conflict of interest and document retention are well-established, which enhances its credibility. Furthermore, the organization efficiently allocates nearly 89% of its expenses directly to programs, indicating a commitment to its mission.
While the overall rating is positive, it is important for potential donors to consider that the score is based on a single aspect of evaluation. This may not provide a holistic view of the organization's effectiveness in achieving its goals beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Thoroughbred Retirement And Adoptive Care legitimate?
Florida Thoroughbred Retirement And Adoptive Care is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Thoroughbred Retirement And Adoptive Care 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,356
For more financial information, click here
What is the mission statement of Florida Thoroughbred Retirement And Adoptive Care?
Florida Thoroughbred Retirement and Adoptive Care was established in 2010 with a mission to provide retired thoroughbred racehorses from South Florida with successful second careers through rehabilitation and placement in forever homes. The organization focuses on retraining these horses and carefully matching them with qualified and screened families. The horses that are placed go on to excel in various fields, including the show world, polo arenas, and therapeutic riding programs. By offering these horses a new lease on life, Florida Thoroughbred Retirement and Adoptive Care not only benefits the animals but also helps promote the well-being of their adopters.
Who is the CEO of Florida Thoroughbred Retirement And Adoptive Care?
Katie Schmit is the Executive Director of Florida Thoroughbred Retirement And Adoptive Care.
What is the revenue of Florida Thoroughbred Retirement And Adoptive Care?
Florida Thoroughbred Retirement And Adoptive Care's revenue in 2022 was $443,862.
Who are the executives of Florida Thoroughbred Retirement And Adoptive Care and what are their salaries?
There 7 volunteers at Florida Thoroughbred Retirement And Adoptive Care.
Here are 8 key members and their salaries:
- Compensation: $50,000
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Florida Thoroughbred Retirement And Adoptive Care?
Florida Thoroughbred Retirement And Adoptive Care's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Florida Thoroughbred Retirement And Adoptive Care
Florida Thoroughbred Retirement and Adoptive Care, or Florida TRAC, is a nonprofit organization founded in 2010 with a mission to provide retired South Florida-based Thoroughbred racehorses with successful second careers. The organization offers these horses rehabilitation and placement in their adoptive forever homes.
In simpler terms, Florida TRAC takes in retired racehorses and helps them transition into new roles after their racing days are over. Through rehabilitation and adoption, these horses are given a chance to continue living productive lives, often finding success in various equestrian disciplines such as showing, polo, and therapeutic riding programs.
Florida TRAC is dedicated to ensuring that the horses are placed with qualified and screened families, ensuring the horses' well-being and happiness in their new homes. The organization's efforts have led to numerous success stories, with horses thriving in their new roles and making meaningful contributions to their adoptive families.
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Impact
October, 2024
Florida Thoroughbred Retirement And Adoptive Care significantly impacts the lives of retired thoroughbred racehorses by providing them with successful second careers through rehabilitation and careful placement. Established in 2010, the organization focuses on rehabilitating horses that have ended their racing careers, ensuring they transition into new, fulfilling roles.
The initiative re-trains these horses, preparing them for various disciplines. Many are successfully placed with qualified and screened families, enabling them to thrive in environments like the competitive show world, polo arenas, and therapeutic riding programs. This not only enhances the horses' well-being but also contributes to the community by promoting responsible horse ownership and fostering educational opportunities around equine care.
By prioritizing the welfare of these animals, Florida TRAC helps address the often-overlooked issue of retired racehorses, ensuring they are not only cared for but also celebrated as valuable companions and competitors in new disciplines. Their mission showcases the importance of giving these horses a second chance, thereby creating a more humane and supportive system for retired thoroughbreds.
This information is meant to be a general summary of Florida Thoroughbred Retirement And Adoptive Care. 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: $483
- Program Service Revenue: $3,500
- Gross Receipts: $443,862
Assets and Liabilities:
- Total Assets: $104,759
- Total Liabilities: $1,967
- Net Assets: $102,792
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADOPTIONS
Revenue
$3,500
Organization Details
Founding Year
2011
Principal Officer
Katie Schmit
Main Address
6830 SW MARKEL ST, PALM CITY, FL, 34990
NTEE Category
Code: D20 - Animals
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