Overview
What is California Thoroughbred Foundation?
The California Thoroughbred Foundation is a nonprofit organization based in Arcadia, California, specifically at 201 Colorado Place. Their core mission is to contribute to the development of veterinarians and finance research related to Thoroughbred horse care and breeding within California. Through their initiatives, they award scholarships to deserving students pursuing veterinary medicine at the University of California, Davis, and Western University of Health Sciences. By investing in the education of future veterinarians and advancing research in equine care, the California Thoroughbred Foundation aims to bolster the well-being of Thoroughbred horses in California.
Official website here: www.ctba.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40% (Zero-Star out of Four Stars)
The California Thoroughbred Foundation has received a low score of 40%, resulting in a Zero-Star rating on Charity Navigator. This rating highlights significant concerns regarding the organization's transparency and governance. Notably, the foundation lacks independent board members, which raises questions about accountability. Additionally, essential policies such as conflict of interest and whistleblower protections are missing, indicating potential vulnerabilities in ethical oversight.
Despite some positive financial indicators, such as a 0.00% liabilities to assets ratio, the overall financial health of the organization is undermined by its poor accountability practices. While the charity does maintain proper documentation of board meeting minutes and lists its website on the tax form, the absence of a public tax form on its site detracts from its credibility. Furthermore, the program expense ratio, though over 57%, suggests that the foundation may not be allocating funds efficiently.
In summary, while the California Thoroughbred Foundation may have some strengths, the lack of critical governance structures and transparency policies presents significant limitations. Potential donors and stakeholders should carefully consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is California Thoroughbred Foundation legitimate?
California Thoroughbred Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Thoroughbred Foundation 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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Official website here: www.ctba.com
What is the mission statement of California Thoroughbred Foundation?
The California Thoroughbred Foundation is committed to advancing the field of Thoroughbred equine care and breeding through research and the development of veterinarians. To accomplish this mission, the organization provides scholarships to promising students pursuing veterinary medicine. These scholarships are awarded to individuals attending the University of California, Davis, and Western University of Health Sciences. The ultimate goal is to enhance the overall well-being and health of Thoroughbred horses by investing in the education and expertise of future veterinarians and the advancement of related research.
Official website here: www.ctba.com
Who is the CEO of California Thoroughbred Foundation?
Ada Gates Patton is the Director of California Thoroughbred Foundation.
Official website here: www.ctba.com
What is the revenue of California Thoroughbred Foundation?
California Thoroughbred Foundation's revenue in 2022 was $62,717.
Official website here: www.ctba.com
Who are the executives of California Thoroughbred Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.ctba.com
Where can I find the form 990 for California Thoroughbred Foundation?
California Thoroughbred Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ctba.com
Learn more at the official website: www.ctba.com
Mission Statement of California Thoroughbred Foundation
The California Thoroughbred Foundation, a nonprofit organization, is dedicated to advancing veterinary education and funding research in Thoroughbred horse care and breeding within California. Through its mission, the Foundation aims to foster the development of skilled veterinarians who specialize in Thoroughbred equine care, ultimately improving the health and wellbeing of these horses.
To achieve this, the California Thoroughbred Foundation grants scholarships to deserving students pursuing veterinary medicine at the University of California, Davis, and Western University of Health Sciences. By investing in the education of future veterinarians, the Foundation ensures that Thoroughbred horses receive the best possible care, enhancing their performance and overall well-being.
Furthermore, the California Thoroughbred Foundation supports research initiatives in Thoroughbred horse care and breeding, pushing the boundaries of scientific knowledge and leading to advancements in equine health. With a focus on California, the Foundation's efforts directly benefit the local Thoroughbred horse population and contribute to the state's reputation as a leader in equine care and breeding.
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Impact
October, 2024
The California Thoroughbred Foundation significantly impacts the field of veterinary medicine and Thoroughbred care in California. By providing scholarship grants to qualified candidates studying veterinary medicine at esteemed institutions like the University of California, Davis, and Western University of Health Sciences in Pomona, the Foundation fosters a new generation of skilled veterinarians dedicated to equine health.
In addition to educational support, the Foundation plays a crucial role in funding research initiatives that advance Thoroughbred equine care and breeding practices. This commitment not only enhances the well-being of horses but also contributes to the overall sustainability and improvement of the Thoroughbred industry in California. Through its efforts, the Foundation effectively ensures a high standard of veterinary care and promotes progress within the equine community.
This information is meant to be a general summary of California Thoroughbred Foundation. 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.
- Investment Income: $33,726
- Gross Receipts: $262,999
Assets and Liabilities:
- Total Assets: $1,023,987
- Total Liabilities: $0
- Net Assets: $1,023,987
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Organization Details
Phone
(626) 445-7800Principal Officer
Ada Gates Patton
Main Address
201 Colorado Place, Arcadia, CA, 91007
Website
www.ctba.comNTEE Category
Code: D600 - Animals
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