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Thoroughbred Idea Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 831814280 ✦ Ocala, FL ✦ Designated as a 501(c)(6)

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Overview

What is Thoroughbred Idea Foundation Inc?

Thoroughbred Idea Foundation Inc is a nonprofit organization committed to enhancing the Thoroughbred racing industry for all involved parties, notably gamblers and owners. Their mission revolves around exchanging, curating, and advocating for data-driven ideas, aiming to improve the industry. They strive to share these concepts with and implement them within the existing sports entities, ultimately benefiting all stakeholders.


Official website here: www.racingthinktank.com

Is Thoroughbred Idea Foundation Inc legitimate?

Thoroughbred Idea Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Thoroughbred Idea Foundation Inc submitted a form 990EZ, 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.


Official website here: www.racingthinktank.com

What is the mission statement of Thoroughbred Idea Foundation Inc?

The Thoroughbred Idea Foundation's mission is geared towards enhancing the Thoroughbred racing industry for its primary stakeholders, namely gamblers and owners. They achieve this by promoting the exchange, collection, and advocacy of well-researched and data-driven concepts. These ideas are then shared with and implemented by the existing entities within the industry, with the aim of improving the industry as a whole. The foundation's main objective is to ensure the betterment of the Thoroughbred racing industry for all its stakeholders.


Official website here: www.racingthinktank.com

Who is the CEO of Thoroughbred Idea Foundation Inc?

Unavailable


Official website here: www.racingthinktank.com

What is the revenue of Thoroughbred Idea Foundation Inc?

Thoroughbred Idea Foundation Inc's revenue in 2020 was $57,500.


Official website here: www.racingthinktank.com

Who are the executives of Thoroughbred Idea Foundation Inc and what are their salaries?


Here are 12 key members and their salaries:


Craig Bernick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Donovan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lesley Howard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corey Johnsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Matties (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Nicholson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Reynolds (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Stevens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Wolf (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Brothers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marshall Gramm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Levy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.racingthinktank.com

Where can I find the form 990EZ for Thoroughbred Idea Foundation Inc?

Thoroughbred Idea Foundation Inc's most recent form 990EZ was submitted in 2020 and can be accessed here.


Official website here: www.racingthinktank.com

Learn more at the official website: www.racingthinktank.com

Mission Statement of Thoroughbred Idea Foundation Inc

The Thoroughbred Idea Foundation is an organization with a mission to enhance the Thoroughbred racing industry for its primary stakeholders – gamblers and owners. This is achieved by promoting the exchange, collection, and advocacy of data-driven ideas. The foundation aims to share these concepts with existing entities in the industry, ultimately working towards improving the overall Thoroughbred racing experience for all involved parties.

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Impact




October, 2024

Thoroughbred Idea Foundation Inc significantly impacts the Thoroughbred racing industry by focusing on the needs of its key stakeholders—gamblers and owners. Through the exchange, curation, and advocacy of sound, data-driven ideas, the foundation strives to enhance the overall experience and sustainability of the sport. Their efforts involve collaborating with existing entities within the industry to implement innovative solutions, ultimately aiming to create a more engaging and efficient racing environment. By prioritizing the interests of both gamblers and owners, the foundation contributes to community improvement and helps foster a healthier ecosystem within Thoroughbred racing. This approach not only supports the industry but also ensures that it remains attractive to its primary participants.




This information is meant to be a general summary of Thoroughbred Idea 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.

Revenue
$57,500 (2020)
Expenses
$85,546 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Gross Receipts: $57,500

Assets and Liabilities:

  • Total Assets: $12,851
  • Total Liabilities: $0
  • Net Assets: $12,851

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Organization Details

Main Address

5001 SW 27TH AVE, OCALA, FL, 34471

NTEE Category

Code: S41 - Community improvement

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