Overview
What is South Florida Quarter Horse Association Inc?
South Florida Quarter Horse Association Inc is a Tallahassee-based nonprofit organization dedicated to the advancement, fostering, and promotion of equine activities involving Quarter Horses bred or permanently residing in Florida. They aim to support Quarter Horse racing at Hialeah Park, collaborating with various entities to ensure fair and equitable regulations for pari-mutuel wagering and racing activities. The Association's mission also includes encouraging public awareness and acceptance of the Quarter Horse industry, fostering harmonious relations among industry participants, and improving business conditions for those involved in Quarter Horse meets at Hialeah Park. They cooperate with equine organizations, public and private agencies, regulatory authorities, racing associations, racing commissions, and other organizations to advocate for laws and regulations beneficial to the horse racing industry in Florida.
Official website here: www.sfqha.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (57%)
The South Florida Quarter Horse Association Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 57% overall, with particular weaknesses in board independence, as there are no independent members on the board, which raises questions about governance and oversight.
Strengths include a solid program expense ratio of 69.39%, suggesting that a majority of their funds are allocated towards programmatic activities rather than administrative costs. The organization also maintains a low liabilities to assets ratio of 17.02%, reflecting financial stability in terms of asset management. They have documented board meeting minutes and have policies for conflict of interest, which shows some level of operational transparency.
However, the organization's weaknesses are notable. The lack of independent board members and the absence of key policies such as a whistleblower policy and document retention guidelines severely impact its accountability score. Furthermore, there are no financial statements available on their website, which limits transparency and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is South Florida Quarter Horse Association Inc legitimate?
South Florida Quarter Horse Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Florida Quarter Horse Association 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: $385,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,000
For more financial information, click here
Official website here: www.sfqha.org
What is the mission statement of South Florida Quarter Horse Association Inc?
The South Florida Quarter Horse Association Inc works towards advancing and fostering equine activities involving Quarter Horses, either foaled in or permanently based in Florida. Their mission encompasses promoting Quarter Horse racing and involving other qualifying breeds for racing. They aim to cultivate greater public awareness and acceptance of the Quarter Horse industry and encourage harmonious relations among its participants. The organization seeks to improve business conditions for those involved in Quarter Horse meets and cooperates with various equine organizations, agencies, regulatory authorities, racing associations, racing commissions, and other organizations involved in the horse racing industry in Florida.
Official website here: www.sfqha.org
Who is the CEO of South Florida Quarter Horse Association Inc?
Sam Ard is the Chairman of South Florida Quarter Horse Association Inc.
Official website here: www.sfqha.org
What is the revenue of South Florida Quarter Horse Association Inc?
South Florida Quarter Horse Association Inc's revenue in 2021 was $1,302,500.
Official website here: www.sfqha.org
Who are the executives of South Florida Quarter Horse Association Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $55,000
- Related: $0
- Other: $0
- Compensation: $55,000
- Related: $0
- Other: $0
- Compensation: $55,000
- Related: $0
- Other: $0
- Compensation: $55,000
- Related: $0
- Other: $0
- Compensation: $55,000
- Related: $0
- Other: $0
Official website here: www.sfqha.org
Where can I find the form 990 for South Florida Quarter Horse Association Inc?
South Florida Quarter Horse Association Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.sfqha.org
Learn more at the official website: www.sfqha.org
Mission Statement of South Florida Quarter Horse Association Inc
South Florida Quarter Horse Association Inc, a leading equine organization, is dedicated to advancing, fostering, and promoting equine activities involving Quarter Horses in Florida. With a focus on horses foaled or permanently based in the state, this association seeks to encourage a higher level of public awareness and acceptance of the Quarter Horse industry.
The South Florida Quarter Horse Association Inc aims to foster harmonious relations among all participants in the Quarter Horse industry, working towards improved business conditions. In support of its mission, the organization collaborates with equine organizations, public and private agencies, regulatory authorities, racing associations, racing commissions, and other organizations involved in the conduct, operation, and regulation of horse racing in Florida.
In essence, South Florida Quarter Horse Association Inc plays a pivotal role in nurturing and growing the Quarter Horse community and industry within Florida. By promoting horse racing involving Quarter Horses and other qualifying breeds, the association fosters a thriving horse racing scene that benefits all participants. In addition, the organization's efforts to enhance public awareness and acceptance of the Quarter Horse industry contribute to the overall success and growth of the sector. South Florida Quarter Horse Association Inc is a vital force in fostering unity and collaboration among all participants in the Quarter Horse industry, ensuring a prosperous and harmonious community.
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Impact
October, 2024
The South Florida Quarter Horse Association Inc. plays a vital role in advancing and promoting equine activities specific to Quarter Horses in Florida. By fostering a greater public awareness and acceptance of the Quarter Horse industry, it enhances the overall appreciation for these remarkable animals among the local community and visitors alike.
The organization is instrumental in promoting horse racing at Hialeah Park, emphasizing the importance of Quarter Horse racing along with other qualifying breeds. This commitment not only stimulates interest in the sport but also contributes to the economic vitality of the region through increased attendance and participation in racing events.
Additionally, the Association actively promotes harmonious relationships among all participants in the Quarter Horse industry, creating a collaborative environment that benefits horse owners, trainers, and jockeys. By advocating for improved business conditions at horse meets, they aim to bolster the financial health of those involved in the industry.
Cooperation with equine organizations and regulatory authorities further strengthens the Association's impact, ensuring that the conduct, operation, and regulation of horse racing in Florida are fair and just. This helps create a sustainable framework for the industry, ensuring the rights and interests of its members are well represented.
Overall, the South Florida Quarter Horse Association Inc. is pivotal not only in enhancing the Quarter Horse scene but also in contributing to the cultural and economic landscape of Florida's equine activities.
This information is meant to be a general summary of South Florida Quarter Horse Association 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 2021.
- Program Service Revenue: $1,302,500
- Gross Receipts: $1,302,500
Assets and Liabilities:
- Total Assets: $226,776
- Total Liabilities: $38,612
- Net Assets: $188,164
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$1,302,500
Organization Details
Founding Year
2016
Phone
(850) 577-6500Principal Officer
Sam Ard
Main Address
207 WEST PARK AVENUE STE B, TALLAHASSEE, FL, 32301
Website
www.sfqha.orgNTEE Category
Code: D03 - Animals
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