Overview
What is Trao Retired Horse Fund?
The Trao Retired Horse Fund is a nonprofit organization located in Oklahoma City, Oklahoma. Their primary mission is to promote the responsible and humane retirement of Thoroughbred racehorses. They achieve this by educating both the Thoroughbred racing industry and the general public about best practices for retaining, retraining, and retiring these horses. Furthermore, they encourage owners and trainers to prevent cruelty towards retired Thoroughbred racehorses and support the transition, training, and placement of these horses post-racing career.
Official website here: www.traoracing.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 83% (Three-Star out of Four Star rating)
The Trao Retired Horse Fund has received a favorable rating of 83%, indicating solid performance in accountability and finance. This score reflects a strong commitment to transparency and effective management, with a perfect score for its independent board members and a high program expense ratio, suggesting that the majority of its funds are directed towards its mission.
Strengths of the organization include a fully independent board, with 14 members, and no reported material diversion of assets. Their financial practices also promote accountability, as evidenced by the high scores in various categories such as liabilities to assets ratio and program expense ratio. However, the absence of a whistleblower policy and document retention procedures may be areas for improvement.
Overall, while the Trao Retired Horse Fund demonstrates a commendable commitment to its financial integrity and accountability, addressing the noted policies could further enhance its operational transparency and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Trao Retired Horse Fund legitimate?
Trao Retired Horse Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trao Retired Horse Fund 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.
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For more financial information, click here
Official website here: www.traoracing.com
What is the mission statement of Trao Retired Horse Fund?
The Trao Retired Horse Fund aims to promote the responsible and humane retirement of Thoroughbred racehorses. This includes education of the racing industry and the public, encouragement of best practices for retaining, retraining, and retiring racehorses, prevention of cruelty towards retired horses, and offering support for their transition, training, and placement. The trust's mission is to ensure these horses have a dignified post-racing life.
Official website here: www.traoracing.com
Who is the CEO of Trao Retired Horse Fund?
Danielle Barber is the Director of Trao Retired Horse Fund.
Official website here: www.traoracing.com
What is the revenue of Trao Retired Horse Fund?
Trao Retired Horse Fund's revenue in 2022 was $33,524.
Official website here: www.traoracing.com
Who are the executives of Trao Retired Horse Fund and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.traoracing.com
Where can I find the form 990 for Trao Retired Horse Fund?
Trao Retired Horse Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.traoracing.com
Learn more at the official website: www.traoracing.com
Mission Statement of Trao Retired Horse Fund
Trao Retired Horse Fund, a charitable trust, is dedicated to the responsible and humane retirement of Thoroughbred racehorses. The organization's mission goes beyond just retirement, encompassing education, encouragement of best practices, prevention of cruelty, and support for the transition, training, and placement of these horses.
In the thoroughbred racing industry and among the general public, Trao Retired Horse Fund advocates for the importance of responsible horse retirement. The trust encourages owners and trainers to retain their horses, offering resources and guidance for retraining these animals for second careers or for their retirement. By promoting humane practices, Trao Retired Horse Fund aims to prevent cruelty towards retired thoroughbred racehorses and ensure their well-being during their transition into new lives.
The trust's efforts extend beyond retirement, as it also supports various programs that help retired thoroughbred racehorses find new homes and careers. Trao Retired Horse Fund's commitment to education and the prevention of cruelty towards these animals makes a significant impact on the welfare of thoroughbred racehorses, ensuring they receive the care and respect they deserve after their racing careers come to an end.
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Impact
October, 2024
The Trao Retired Horse Fund significantly impacts the thoroughbred racing industry by promoting responsible and humane retirement practices for racehorses. Its efforts focus on educating both industry professionals and the general public about the importance of proper care and placement of retired horses. By encouraging best practices among owners and trainers, the fund helps to ensure that these animals are treated with respect and compassion throughout their post-racing lives.
The organization actively works to prevent cruelty to retired racehorses, advocating for their well-being and protection. Additionally, it supports the transition process for retired thoroughbreds, including training and placement initiatives that facilitate a smooth move into second careers or suitable homes. Ultimately, the fund's initiatives foster a culture of responsibility and care within the racing community, making a lasting and positive difference in the lives of retired thoroughbred racehorses.
This information is meant to be a general summary of Trao Retired Horse Fund. 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: $33,524
- Gross Receipts: $33,524
Assets and Liabilities:
- Total Assets: $34,294
- Total Liabilities: $0
- Net Assets: $34,294
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$33,524
Organization Details
Founding Year
2012
Phone
(405) 427-8753Principal Officer
Danielle Barber
Main Address
ONE REMINGTON PLACE, OKLAHOMA CITY, OK, 73111
Website
www.traoracing.comNTEE Category
Code: D00 - Animals
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