Overview
What is Florida Thoroughbred Breeders Assoc Inc?
Florida Thoroughbred Breeders Assoc Inc, located in Ocala, Florida, serves as an administrative body for distributing awards to breeders of Florida-bred horses that excel at Florida race tracks. The grants are determined using formulas established by a state-approved breeders award plan. Their primary mission is to support and foster the thoroughbred horse industry within the state of Florida. This nonprofit organization, with a staff of nine individuals, plays a crucial role in promoting and upholding the reputation of Florida's thoroughbred horse industry.
Official website here: www.ftboa.com
What do the Facebook reviews say about Florida Thoroughbred Breeders Assoc Inc?
96% of 13 reviewers on Facebook recommend the Florida Thoroughbred Breeders Association Inc. Here's a summary of their reviews:
Many users express appreciation for the organization, highlighting its genuine commitment to the welfare of Thoroughbreds and its impact on horse racing and breeding in Florida. The positive sentiment suggests that members feel supported and valued within the community.
Overall, the organization is praised for its dedication and efforts to enhance the Thoroughbred industry, indicating that it successfully meets the expectations of its supporters.
This AI summary has been generated from reviews found on Facebook.
Is Florida Thoroughbred Breeders Assoc Inc legitimate?
Florida Thoroughbred Breeders Assoc Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Florida Thoroughbred Breeders Assoc 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: $496,520
Professional Fundraising Fees: $0
Other Salaries and Wages: $369,610
For more financial information, click here
Official website here: www.ftboa.com
What is the mission statement of Florida Thoroughbred Breeders Assoc Inc?
The Florida Thoroughbred Breeders Association's mission is centered around advocating for the thoroughbred horse industry within the state. They strive to promote the growth and development of this industry by providing support and incentives. Specifically, they administer awards to breeders of Florida-bred horses based on their performance at Florida race tracks, using formulas established by a state-approved breeders award plan.
Official website here: www.ftboa.com
Who is the CEO of Florida Thoroughbred Breeders Assoc Inc?
Peggy Yost is the Ceo & Execut of Florida Thoroughbred Breeders Assoc Inc. The CEO's salary of Florida Thoroughbred Breeders Assoc Inc is $311,770 and their total compensation is $341,388.
Official website here: www.ftboa.com
What is the revenue of Florida Thoroughbred Breeders Assoc Inc?
Florida Thoroughbred Breeders Assoc Inc's revenue in 2022 was $2,891,430.
Official website here: www.ftboa.com
Who are the executives of Florida Thoroughbred Breeders Assoc Inc and what are their salaries?
The average compensation at Florida Thoroughbred Breeders Assoc Inc during 2022 was $96,237. There are 9 employees and 15 volunteers at Florida Thoroughbred Breeders Assoc Inc.
Here are 17 key members and their salaries (Florida Thoroughbred Breeders Assoc Inc's CEO's salary is $311,770 and their total compensation is $341,388):
- Compensation: $311,770
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- Other: $29,618
- Compensation: $84,291
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- Other: $7,389
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Official website here: www.ftboa.com
Where can I find the form 990 for Florida Thoroughbred Breeders Assoc Inc?
Florida Thoroughbred Breeders Assoc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ftboa.com
Learn more at the official website: www.ftboa.com
Mission Statement of Florida Thoroughbred Breeders Assoc Inc
Florida Thoroughbred Breeders Assoc Inc, a notable organization, is dedicated to advancing the thoroughbred horse industry within the state. Their primary mission is to foster and promote this industry, ensuring its growth and success within Florida's boundaries. To achieve this, the association administers awards payments to breeders of Florida-bred horses that excel in races held at Florida race tracks. The criteria for these awards are based on formulas established by a state-approved breeders award plan. This approach not only encourages competition and excellence among breeders but also contributes to the overall development and prosperity of the thoroughbred horse industry in Florida.
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Impact
October, 2024
The Florida Thoroughbred Breeders Association Inc significantly promotes and supports the thoroughbred horse industry in Florida. By administering payments of awards to breeders of Florida-bred horses that excel at local racetracks, it incentivizes the breeding of high-quality horses and enhances the overall competitiveness of the state's racing scene. These awards, calculated through a state-approved Breeders Award Plan, not only recognize and reward breeders' efforts but also stimulate the economic landscape of the region by encouraging investment and participation in the thoroughbred sector.
This impact extends beyond just financial incentives; it fosters a vibrant community of breeders, trainers, and horse owners, creating jobs and increasing tourism related to horse racing events. The association's commitment enhances the reputation of Florida as a premier destination for thoroughbred breeding and racing, thereby attracting more participants and spectators to the industry, which further boosts local economies. Overall, the Florida Thoroughbred Breeders Association Inc plays a crucial role in cultivating a thriving thoroughbred ecosystem in the state, benefiting equine enthusiasts and the wider community alike.
This information is meant to be a general summary of Florida Thoroughbred Breeders Assoc 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: $2,580,311
- Gross Receipts: $2,892,093
Assets and Liabilities:
- Total Assets: $6,294,766
- Total Liabilities: $224,782
- Net Assets: $6,069,984
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERCENTAGE FROM SLOTS&EW AGR.
Revenue
$1,241,167
ADMIN FEES
Revenue
$733,169
FOAL AND STAKES REGISTRATIONS
Revenue
$605,975
Organization Details
Founding Year
1967
Phone
(352) 629-2160Principal Officer
Peggy Yost
Main Address
801 SW 60TH AVENUE, OCALA, FL, 34474
Website
www.ftboa.comNTEE Category
Code: K20 - Food
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