Overview
What is Thoroughbred Aftercare Alliance Foundation Inc?
Thoroughbred Aftercare Alliance Foundation Inc, also known as TAA, is a nonprofit organization headquartered in Lexington, Kentucky. Established as both an accrediting body and a funding source, TAA upholds the standards for aftercare organizations that care for Thoroughbred horses post-racing careers. In FY 2022, 82 organizations underwent a rigorous accreditation process and agreed to maintain a set code of standards approved by the American Humane Association and American Association of Equine Practitioners. These organizations were subjected to thorough application reviews and on-site visits. In the same year, 81 of these approved organizations received a combined $3.7 million in grants, which could only be used for activities, materials, supplies, and services directly related to the care of the horses. TAA plays a crucial role in ensuring the welfare of Thoroughbred horses upon retirement from racing.
Official website here: www.thoroughbredaftercare.org
What are the reviews and ratings of this charity?
97% - Four-Star out of Four Star rating from Charity Navigator.
The Thoroughbred Aftercare Alliance Foundation Inc has achieved an impressive 97% score, reflecting strong accountability and financial practices. With a perfect score in areas like independent board membership and financial oversight, the organization demonstrates a commitment to transparency and effective governance. Notably, the foundation has no material diversion of assets and has maintained a high ratio of program expenses, signifying that the majority of funds are directed towards its mission.
In addition to its financial strength, the foundation excels in cultivating a positive culture and community engagement. It has received a perfect score in this category, highlighting its effective feedback collection and usage practices. The organization is praised for its proactive approach to incorporating stakeholder input into its operations, which further enhances its credibility and trustworthiness among donors and supporters.
While the organization shows remarkable strengths, there are no noted limitations in the available data. Overall, the Thoroughbred Aftercare Alliance Foundation Inc stands out as a well-managed nonprofit, dedicated to its cause and accountable to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Thoroughbred Aftercare Alliance Foundation Inc legitimate?
Thoroughbred Aftercare Alliance Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thoroughbred Aftercare Alliance 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:
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Other Salaries and Wages: $316,008
For more financial information, click here
Official website here: www.thoroughbredaftercare.org
What is the mission statement of Thoroughbred Aftercare Alliance Foundation Inc?
The Thoroughbred Aftercare Alliance Foundation serves a dual role as the accrediting body for organizations that care for retired Thoroughbred horses, and as a funding source to support these approved entities. In FY 2022, 82 organizations met the rigorous accreditation standards, as determined by the American Humane Association and the American Association of Equine Practitioners. These organizations received onsite evaluations and agreed to maintain a set code of standards. In the same year, 81 of these accredited organizations received grants, totaling $3.7 million, which could be used solely for horse care-related activities, materials, supplies, and services.
Official website here: www.thoroughbredaftercare.org
Who is the CEO of Thoroughbred Aftercare Alliance Foundation Inc?
Unavailable
Official website here: www.thoroughbredaftercare.org
What is the revenue of Thoroughbred Aftercare Alliance Foundation Inc?
Thoroughbred Aftercare Alliance Foundation Inc's revenue in 2022 was $4,513,427.
Official website here: www.thoroughbredaftercare.org
Who are the executives of Thoroughbred Aftercare Alliance Foundation Inc and what are their salaries?
The average compensation at Thoroughbred Aftercare Alliance Foundation Inc during 2022 was $35,112. There are 9 employees and 24 volunteers at Thoroughbred Aftercare Alliance Foundation Inc.
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Official website here: www.thoroughbredaftercare.org
Where can I find the form 990 for Thoroughbred Aftercare Alliance Foundation Inc?
Thoroughbred Aftercare Alliance Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thoroughbredaftercare.org
Learn more at the official website: www.thoroughbredaftercare.org
Mission Statement of Thoroughbred Aftercare Alliance Foundation Inc
Thoroughbred Aftercare Alliance Foundation, or TAA, is a distinguished organization dedicated to serving as both the accrediting body for aftercare organizations that care for Thoroughbred horses following their racing careers, and as a funding source to support these approved organizations. TAA's mission is twofold: it ensures that the highest standards of care are maintained by these organizations through a rigorous accreditation process, and it raises funds to support these approved entities in their critical work.
In the fiscal year 2022, TAA granted accreditation to an impressive 82 organizations, each of which agreed to adhere to a set code of standards reviewed and approved by the American Humane Association and the American Association of Equine Practitioners. Each organization underwent a thorough application process and received on-site visits to inspect their care for the Thoroughbred horses in their charge. In the same year, 81 of these approved organizations received grants totaling $3.7 million. These funds could only be used for activities, materials, supplies, and services directly related to the care of the horses in these organizations.
By acting as an accrediting body and a fundraiser, Thoroughbred Aftercare Alliance Foundation plays a crucial role in ensuring the wellbeing of Thoroughbred horses once they have retired from racing. Through its rigorous accreditation process and grant funding, TAA upholds the welfare of these horses and enables approved organizations to dedicate their resources to providing the best possible care for these animals.
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Impact
October, 2024
The Thoroughbred Aftercare Alliance Foundation Inc plays a vital role in ensuring the well-being of Thoroughbred horses after their racing careers. By serving as an accrediting body, it establishes a rigorous set of standards for aftercare organizations dedicated to horse welfare. In fiscal year 2022, the foundation accredited 82 organizations that demonstrated their commitment to humane care and high operational standards, as recognized by the American Humane Association and the American Association of Equine Practitioners.
The impact is tangible: 81 of the accredited organizations received a total of $3.7 million in grants that directly support activities tied to horse care, such as food, shelter, and veterinary services. This financial assistance empowers these organizations to enhance their operations, improve the quality of life for retired racehorses, and ensure that they receive the necessary support throughout their transition from racing to their next chapters. Ultimately, the Thoroughbred Aftercare Alliance Foundation Inc fosters a culture of responsible stewardship and ethical treatment for these animals, promoting their welfare and securing their futures beyond the racetrack.
This information is meant to be a general summary of Thoroughbred Aftercare Alliance 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 2022.
- Investment Income: -$112,806
- Gross Receipts: $4,782,841
Assets and Liabilities:
- Total Assets: $6,210,055
- Total Liabilities: $64,155
- Net Assets: $6,145,900
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Organization Details
Founding Year
2011
Phone
(859) 224-2781Main Address
821 Corporate Drive, Lexington, KY, 40503
NTEE Category
Code: D20 - Animals
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