Overview
What is Kentucky Thoroughbred Owners & Breeders Foundation Inc?
Kentucky Thoroughbred Owners & Breeders Foundation Inc is a nonprofit organization located in Lexington, Kentucky, with the address 4079 Iron Works Parkway. Their primary mission is to fund and support equine research, with a particular focus on preventing or curing diseases in horses, such as Mare Reproductive Loss Syndrome and other related illnesses that have affected horse owners in Kentucky. They make grants to qualified veterinarians, scientists, and other 501(c)(3) organizations to carry out these scientific studies. The findings from these research studies will be made publicly available.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 73%, Two-Star out of Four Star rating.
The Kentucky Thoroughbred Owners & Breeders Foundation Inc has received a score of 73%, reflecting a moderate performance in terms of accountability and finance. The organization benefits from a fully independent board, which is a positive factor in governance and decision-making transparency. It also demonstrates a strong commitment to documenting board meeting minutes and maintaining a favorable liabilities to assets ratio.
One of the organization's strengths lies in its program expense ratio, which is notably high at 74.03%, indicating that a significant portion of its resources is directed towards its programs. However, despite these strengths, the overall rating of two stars suggests that there may be aspects of the organization’s operations or financial management that could be improved to enhance its credibility and effectiveness.
While the organization appears to manage its assets responsibly and has a strong governance structure, potential donors and stakeholders may want to explore further details regarding its program impact and long-term sustainability. More comprehensive insights into its activities and outcomes could provide a clearer picture of its overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Thoroughbred Owners & Breeders Foundation Inc legitimate?
Kentucky Thoroughbred Owners & Breeders Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Thoroughbred Owners & Breeders Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Kentucky Thoroughbred Owners & Breeders Foundation Inc?
The Kentucky Thoroughbred Owners & Breeders Foundation, Inc. is dedicated to advancing equine research, with a specific focus on finding a prevention or cure for Mare Reproductive Loss Syndrome and other equine illnesses that have significantly affected horse owners in recent years. The foundation provides funding to qualified veterinarians, scientists, and other 501(c)(3) organizations to conduct the necessary medical research. The results of these scientific studies will be made publicly available upon completion.
Who is the CEO of Kentucky Thoroughbred Owners & Breeders Foundation Inc?
Chauncey Morris is the President of Kentucky Thoroughbred Owners & Breeders Foundation Inc.
What is the revenue of Kentucky Thoroughbred Owners & Breeders Foundation Inc?
Kentucky Thoroughbred Owners & Breeders Foundation Inc's revenue in 2023 was $13,399.
Who are the executives of Kentucky Thoroughbred Owners & Breeders Foundation Inc and what are their salaries?
There 5 volunteers at Kentucky Thoroughbred Owners & Breeders Foundation Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Related: $237,246
- Other: $38,795
Where can I find the form 990 for Kentucky Thoroughbred Owners & Breeders Foundation Inc?
Kentucky Thoroughbred Owners & Breeders Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Kentucky Thoroughbred Owners & Breeders Foundation Inc
Kentucky Thoroughbred Owners & Breeders Foundation, Inc. (KTOB Foundation) is a charitable organization dedicated to supporting and funding equine research, with a particular focus on finding a prevention or cure for Mare Reproductive Loss Syndrome (MRLS) and other horse-related illnesses. The foundation aims to help researchers and scientists, as well as qualified 501(c)(3) organizations, conduct the essential medical research needed to eradicate these conditions that have affected numerous Kentucky horse owners in recent years.
KTOB Foundation's mission is rooted in the love and passion for horses that Kentucky horse owners hold dear. By granting funds to veterinarians, scientists, and other organizations, the foundation enables them to carry out the critical scientific studies required to find a cure or prevention for MRLS and related horse diseases. The foundation's commitment to transparency ensures that the findings from these studies will be made available to the public once completed, providing vital information and knowledge to the equine community.
KTOB Foundation's efforts have the potential to make a significant impact on the health and wellbeing of horses, as well as the horse industry as a whole. By supporting groundbreaking research, the foundation is paving the way for a future where horses can thrive without the burden of these debilitating conditions. Through the generosity of its donors, the foundation continues to move closer to its goal of eradicating MRLS and other horse diseases, ensuring a brighter future for Kentucky horse owners and their beloved animals.
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Impact
October, 2024
The Kentucky Thoroughbred Owners & Breeders Foundation Inc significantly contributes to the equine community by supporting and funding crucial medical research. It allocates grants to qualified veterinarians and scientists, enabling them to pursue studies that aim to find cures or preventions for Mare Reproductive Loss Syndrome (MRLS) and other illnesses affecting horses. This targeted research not only addresses pressing health concerns that have impacted Kentucky horse owners but also enhances the overall well-being of equine populations. The foundation ensures that the findings from these scientific studies are disseminated to the public, fostering greater awareness and understanding of equine health issues. Through these efforts, the foundation plays a vital role in advancing equine veterinary science and improving the quality of care for horses.
This information is meant to be a general summary of Kentucky Thoroughbred Owners & Breeders Foundation 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 2023.
- Investment Income: $13,399
- Gross Receipts: $13,399
Assets and Liabilities:
- Total Assets: $563,364
- Total Liabilities: $0
- Net Assets: $563,364
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Organization Details
Founding Year
2002
Phone
(859) 259-1643Principal Officer
Chauncey Morris
Main Address
4079 IRON WORKS PARKWAY, LEXINGTON, KY, 405118483
NTEE Category
Code: D99 - Animals
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