Overview
What is Caribbean Thoroughbred Aftercare Inc?
Caribbean Thoroughbred Aftercare Inc is a nonprofit organization in Puerto Rico, dedicated to rescuing unwanted racehorses from the Camarero Track. Their mission is to rehabilitate these horses and find them safe and suitable homes, both in Puerto Rico and the USA. With a team of ten employees, they focus on the wellbeing of these animals, ensuring they are given the care and attention they deserve after their racing careers have ended.
What are the reviews and ratings of this charity?
Charity Navigator rating: 40%, Zero-Star out of Four Star rating.
Caribbean Thoroughbred Aftercare Inc (CTA) has received a low score from Charity Navigator, indicating serious concerns in accountability and finance despite showing strong community engagement and constituent feedback. While the charity has a fully independent board, it lacks essential policies and documentation that reflect governance best practices, such as a conflict of interest policy and website presence for transparency. Additionally, high liabilities relative to assets indicate potential financial challenges.
User reviews highlight notable strengths of CTA, particularly their dedication to rescuing and rehabilitating retired racehorses in challenging circumstances, such as those created by the local economy and geographic isolation in Puerto Rico. Volunteer experiences and client testimonials consistently praise the organization's commitment, compassionate care, and effective retraining programs, with many individuals expressing gratitude for the organization's impact on the lives of these horses. This is evident in the heartfelt accounts of volunteers who have learned valuable skills and the positive outcomes reported by adopters.
Despite the critical acclaim and positive community feedback, the organization faces challenges in securing sufficient funding, which limits its ability to expand its feedback mechanisms and operational transparency. Participants in the community recognize the vital role CTA plays in the lives of these horses and appreciate the remarkable efforts made by the team given the financial constraints they encounter. Overall, while CTA's mission is well-received, the charity's financial practices warrant significant improvement for greater accountability and sustainability.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Caribbean Thoroughbred Aftercare Inc legitimate?
Caribbean Thoroughbred Aftercare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caribbean Thoroughbred Aftercare 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: $85,363
For more financial information, click here
What is the mission statement of Caribbean Thoroughbred Aftercare Inc?
Caribbean Thoroughbred Aftercare Inc is committed to rescuing unwanted racehorses in the Caribbean Islands. Once rescued, these horses undergo rehabilitation to prepare them for new homes. The organization's mission is to find safe and secure placements for these horses, both in Puerto Rico and the United States. Through their efforts, CTA ensures that these retired racehorses receive the care and attention they deserve, giving them a second chance at a happy life. The organization's dedication extends beyond merely rescuing these horses; they are also committed to finding suitable and qualified adoptive homes for them.
Who is the CEO of Caribbean Thoroughbred Aftercare Inc?
Kelley A Sotbie is the Vp And Ceo of Caribbean Thoroughbred Aftercare Inc. The CEO's salary of Caribbean Thoroughbred Aftercare Inc is $31,467 and their total compensation is $31,467.
What is the revenue of Caribbean Thoroughbred Aftercare Inc?
Caribbean Thoroughbred Aftercare Inc's revenue in 2022 was $493,923.
Who are the executives of Caribbean Thoroughbred Aftercare Inc and what are their salaries?
The average compensation at Caribbean Thoroughbred Aftercare Inc during 2022 was $8,536. There are 10 employees at Caribbean Thoroughbred Aftercare Inc.
Here are 3 key members and their salaries (Caribbean Thoroughbred Aftercare Inc's CEO's salary is $31,467 and their total compensation is $31,467):
- Compensation: $31,467
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Caribbean Thoroughbred Aftercare Inc?
Caribbean Thoroughbred Aftercare Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Caribbean Thoroughbred Aftercare Inc
Caribbean Thoroughbred Aftercare Inc, a dedicated organization, is committed to rescuing unwanted racehorses in the Caribbean islands. These horses, once they have completed their racing careers, face uncertain futures. CTA steps in to provide them with a second chance at life.
The mission of Caribbean Thoroughbred Aftercare Inc is twofold. First, they work to rehabilitate the rescued horses, nursing them back to health and readying them for adoption. Second, they find safe and loving homes for these horses, both in Puerto Rico and the USA.
CTA's team of dedicated professionals focuses on the physical and emotional well-being of each horse. Through its rehabilitation process, the organization ensures that each horse receives the necessary care to regain its strength and vitality. Once the horses are ready, CTA works diligently to find them suitable adoptive homes where they can live out their days in peace and comfort.
CTA's efforts extend beyond the individual horses. The organization is deeply committed to ensuring that each horse finds a forever home with individuals who are able to provide them with the care and attention they deserve. By carefully screening potential adopters, CTA helps to ensure that each horse is placed in a loving and caring environment.
In summary, Caribbean Thoroughbred Aftercare Inc is an organization that is dedicated to the rescue and rehabilitation of unwanted racehorses in the Caribbean islands. Through its rehabilitation and adoption programs, CTA provides these horses with a second chance at life, giving them the care and love they deserve.
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Impact
October, 2024
Caribbean Thoroughbred Aftercare Inc makes a significant impact by rescuing unwanted racehorses in the Caribbean, particularly from the Camarero Track in Puerto Rico. The organization focuses on the rehabilitation of these horses, providing them with the care and support needed to recover from their racing careers. By doing so, Caribbean Thoroughbred Aftercare not only gives these animals a second chance at life but also helps to ensure their well-being.
The thoroughbreds are carefully assessed and rehabilitated, preparing them for adoption into qualified homes both in Puerto Rico and the mainland United States. This process not only alleviates the problem of neglect and abandonment but also educates the public about the importance of aftercare for retired racehorses. By fostering a network of responsible adopters and raising awareness about the needs of these animals, Caribbean Thoroughbred Aftercare Inc contributes to a culture of compassion and responsibility toward equine welfare. Through their efforts, they have created safer futures for many horses, positively influencing the perception of thoroughbreds and their care in the Caribbean region.
This information is meant to be a general summary of Caribbean Thoroughbred Aftercare 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.
- Gross Receipts: $493,923
Assets and Liabilities:
- Total Assets: $167,995
- Total Liabilities: $1,636
- Net Assets: $166,359
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Organization Details
Phone
(787) 426-0845Principal Officer
Kelley A Sotbie
Main Address
PO Box 43001 PMB 372, Rio Grande, PR, 00745
NTEE Category
Code: D20 - Animals
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