Civic Intelligence

Thoroughbred Charities of America Inc.

990 • Fiscal year 2014 • EIN 26-2861555

Jul 01, 2013 to Jun 30, 2014 • Filed on May 15, 2015

3101 Beaumont Centre Circle40513

(859) 276-4989

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.46x

Higher debt load relative to assets than 77% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

65th percentile

0.24x

Higher debt load relative to revenue than 65% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

29th percentile

-3.9%

Higher net margin than 29% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

64th percentile

$87,107

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 13.9% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

60th percentile

5.1%

Faster asset growth than 60% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$331,440

Up $16,089 (+5.1%) from 2013

Net Assets

Down

$178,935

Down $24,402 (-12%) from 2013

Liabilities

Up

$152,505

Up $40,491 (+36%) from 2013

Revenue

$628,346

No earlier filing loaded for comparison.

Expenses

Down

$652,714

Down $119,391 (-15%) from 2013

Net Income

-$24,368

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $450,328Liabilities 2011: $247,000Net Assets 2011: $203,3282011Assets 2012: $278,302Liabilities 2012: $106,996Net Assets 2012: $171,3062012Assets 2013: $315,351Liabilities 2013: $112,014Net Assets 2013: $203,3372013Assets 2014: $331,440Liabilities 2014: $152,505Net Assets 2014: $178,9352014Assets 2015: $126,551Liabilities 2015: $10,739Net Assets 2015: $115,8122015Assets 2016: $284,441Liabilities 2016: $69,936Net Assets 2016: $214,5052016Assets 2017: $366,856Liabilities 2017: $53,726Net Assets 2017: $313,1302017Assets 2018: $1,579,075Liabilities 2018: $710,995Net Assets 2018: $868,0802018Assets 2019: $1,381,708Liabilities 2019: $51,870Net Assets 2019: $1,329,8382019Assets 2020: $1,252,888Liabilities 2020: $11,828Net Assets 2020: $1,241,0602020Assets 2021: $1,465,431Liabilities 2021: $30,894Net Assets 2021: $1,434,5372021Assets 2022: $1,533,312Liabilities 2022: $53,901Net Assets 2022: $1,479,4112022Assets 2023: $1,955,582Liabilities 2023: $85,687Net Assets 2023: $1,869,8952023Assets 2024: $1,350,850Liabilities 2024: $30,623Net Assets 2024: $1,320,2272024

Highlighted filing

2014

Assets$331,440
Liabilities$152,505
Net Assets$178,935

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2011: $867,0582011Expenses 2012: $898,0032012Expenses 2013: $772,1052013Revenue 2014: $628,346Expenses 2014: $652,714Net Income 2014: -$24,3682014Revenue 2015: $634,013Expenses 2015: $697,057Net Income 2015: -$63,0442015Revenue 2016: $831,150Expenses 2016: $732,011Net Income 2016: $99,1392016Revenue 2017: $753,546Expenses 2017: $694,848Net Income 2017: $58,6982017Revenue 2018: $1,666,571Expenses 2018: $1,117,796Net Income 2018: $548,7752018Revenue 2019: $1,194,021Expenses 2019: $825,657Net Income 2019: $368,3642019Revenue 2020: $1,271,983Expenses 2020: $1,376,096Net Income 2020: -$104,1132020Revenue 2021: $1,222,908Expenses 2021: $1,064,417Net Income 2021: $158,4912021Revenue 2022: $1,190,737Expenses 2022: $1,090,271Net Income 2022: $100,4662022Revenue 2023: $1,572,167Expenses 2023: $1,195,112Net Income 2023: $377,0552023Revenue 2024: $895,262Expenses 2024: $1,450,499Net Income 2024: -$555,2372024

Highlighted filing

2014

Revenue$628,346
Expenses$652,714
Net Income-$24,368
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$1,421,125
Mission and Program Overview

Mission

To provide a better life for thoroughbreds during and after their racing careers, by supporting retirement, rescue and research and by helping the people who work with them.

To provide a better life for thoroughbreds during and after their racing careers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$253,325$305,391▲ $52,066
Accounts Receivable$61,932$24,980▼ $36,952
Investments in Publicly Traded Securities-$1,051-
Land, Buildings, and Equipment, Net$94$0▼ $94
Savings and Temporary Cash Investments-$18-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$315,351$331,440▲ $16,089
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$112,014$152,505▲ $40,491
Total Liabilities$112,014$152,505▲ $40,491
Net Assets / Fund Balance
Unrestricted Net Assets$184,143$167,241▼ $16,902
Temporarily Rstr Net Assets$19,194$11,694▼ $7,500
Total Net Assets Fund Balance$203,337$178,935▼ $24,402
Total Liabilities and Net Assets / Fund Balance$315,351$331,440▲ $16,089
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Erin CradyExecutive DirectorFT$80,091$7,016$87,107

Board Members and Trustees

NameTitle
Dan RosenburgPresident
James OrsiniVice President
Amy AdkinsDirector
Bo SmithDirector
Braxton LynchDirector
Eric HamelbackDirector
Graham MotionDirector
Herb MoelisDirector
Michael McmahonDirector
Ned ToffeyDirector
Peter WillmottDirector
Pope Mclean JrDirector
Robert ManfusoDirector
Scott PalmerDirector
Shannon ArvinDirector
Josh PonsSecretary
Ellen MoelisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$732,214
Program Service Revenue
$0
Investment Income
$7,968
Other Revenue
$-111,836
All Other Contributions
$252,124
Change in Net Assets
$-24,368

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$137,000Comparable Sale
Other Non Cash Contri Table1$42,875Comparable Sale
Other Non Cash Contri Table1$33,750Comparable Sale
Other Non Cash Contri Table1$30,000Comparable Sale
Other Non Cash Contri Table1$27,640Comparable Sale
Other Non Cash Contri Table1$24,000Comparable Sale
Other Non Cash Contri Table1$23,000Comparable Sale
Other Non Cash Contri Table1$22,000Comparable Sale
Other Non Cash Contri Table1$20,100Comparable Sale
Other Non Cash Contri Table1$19,400Comparable Sale
Other Non Cash Contri Table1$19,000Comparable Sale
Other Non Cash Contri Table1$14,100Comparable Sale
Other Non Cash Contri Table1$12,525Comparable Sale
Other Non Cash Contri Table1$10,800Comparable Sale
Other Non Cash Contri Table1$10,500Comparable Sale
Other Non Cash Contri Table1$7,600Comparable Sale
Other Non Cash Contri Table1$7,300Comparable Sale
Other Non Cash Contri Table1$6,500Comparable Sale
Other Non Cash Contri Table1$6,000Comparable Sale
Other Non Cash Contri Table1$6,000Comparable Sale
Total Noncash Contributions20$480,090-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$519,605
Salaries, Compensation, and Employee Benefits$102,693
Other Expenses$30,416
Total Fundraising Expense$5,550
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$519,605--$519,605
Current Officers, Directors, Trustees, and Key Employees$72,262$8,306$2,492$83,060
Other Salaries and Wages$3,176$4,347$1,304$8,827
Payroll Taxes$6,214$1,036$311$7,561
Fees for Services Legal$6,542$509$218$7,269
Other Employee Benefits$2,180$819$246$3,245
Travel$2,565$254$313$3,132
All Other Expenses$2,304$113$61$2,478
Information Technology$1,818$142$60$2,020
Insurance$1,669$192$58$1,919
Fees for Services Accounting$1,485$115$50$1,650
Other Expenses$1,450$129$32$1,611
Office Expenses-$341-$341
Depreciation Depletion-$94-$94
Total Functional Expenses$630,448$16,716$5,550$652,714
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
27-1622725-501(c)(3)Grant$35,000
61-1337087-501(c)(3)Grant$34,740
31-1024505-501(c)(3)Grant$28,950
27-0485424-501(c)(3)Grant$26,500
20-0374962-501(c)(3)Grant$25,005
26-3266757-501(c)(3)Grant$24,590
31-1646091-501(c)(3)Grant$21,645
61-1275397-501(c)(3)Grant$15,000
20-0049798-501(c)(3)Grant$14,415
42-1546327-501(c)(3)Grant$13,360
11-2976735-501(c)(3)Grant$10,000
31-1681380-501(c)(3)Grant$9,000
46-2934258-501(c)(3)Grant$8,800
62-1257717-501(c)(3)Grant$8,670
95-4497611-501(c)(3)Grant$8,000
72-1559413-501 (c)(3)Grant$7,500
20-1822473-501(c)(3)Grant$7,000
20-2530224-501(c)(3)Grant$7,000
75-2937532-501(c)(3)Grant$7,000
26-4646662-501(c)(3)Grant$7,000
27-3466408-501(c)(3)Grant$7,000
68-0357001-501(c)(3)Grant$7,000
27-3543490-501(c)(3)Grant$7,000
26-0265377-501(c)(3)Grant$7,000
26-1078792-501(c)(3)Grant$7,000
61-1336739-501(c)(3)Grant$7,000
20-2947614-501(c)(3)Grant$7,000
26-3166279-501(c)(3)Grant$7,000
--501(c)(3)Grant$7,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$792,779
Fundraising Gross Income$660,942
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$1,141,032$660,942$775,069$-114,127
Total Events$1,141,032$660,942$792,779$-131,837
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

As participants in the thoroughbred industry, it would be normal for the board members to have business relationships with one another.ellen and herb moelis are husban and wife.

Form 990, Part VI, Line 11B: Form 990 Review Process

The controller will review form 990 prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board of directors are required to disclose conflicts of interests and the policies are reviewed annualy.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The executive director's salary is based on compensation paid by comparable organizations. Annual reviews are conducted by the compensation committee of the board of directors, in which the committee considers employee performance, cost of living data, ant the organization's financial position. Compenastion is adjusted accordingly.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

The organization makes its governing documents and financial statements available to the public upon request and at the discretion of the board of directors and management.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents and financial statements available to the public upon request and at the discretion of the board of directors and management.

Filing and Contact Details

Filer

EIN
26-2861555
Phone
8592764989

Signing Officer

Name
Dan Rosenburg
Title
President
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
Ky
Voting Board Members
17
Independent Board Members
17
Employees
2
Volunteers
29

Preparer

Preparer
James R Whitten CPA
Phone
8592648785
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Executive Dir.
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IRS990/FormationYr02008
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IRS990/FSAuditedInd0false
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IRS990/FundraisingDirectExpensesAmt0792779
IRS990/FundraisingGrossIncomeAmt0660942
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0142
IRS990/InformationTechnologyGrp/ProgramServicesAmt01818
IRS990/InformationTechnologyGrp/TotalAmt02020
IRS990/InsuranceGrp/FundraisingAmt058
IRS990/InsuranceGrp/ManagementAndGeneralAmt0192
IRS990/InsuranceGrp/ProgramServicesAmt01669
IRS990/InsuranceGrp/TotalAmt01919
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IRS990/InterestGrp/TotalAmt00
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE A BETTER LIFE FOR THOROUGHBREDS DURING AND AFTER THEIR RACING CAREERS, BY SUPPORTING RETIREMENT, RESCUE AND RESEARCH AND BY HELPING THE PEOPLE WHO WORK WITH THEM.
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
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IRS990/OtherExpensesGrp/FundraisingAmt181
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IRS990/OtherExpensesGrp/FundraisingAmt332
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IRS990/OtherExpensesGrp/TotalAmt21879
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0600918
IRS990/PYInvestmentIncomeAmt03367
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt035951
IRS990/PYOtherRevenueAmt0-39117
IRS990/PYRevenuesLessExpensesAmt032031
IRS990/PYSalariesCompEmpBnftPaidAmt0135236
IRS990/PYTotalExpensesAmt0772105
IRS990/PYTotalRevenueAmt0804136
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-24368
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.03$1.32$0.90$1.45$0.56
2023Detailed filing. Detailed filing data is available for this year.$1.96$0.09$1.87$1.57$1.20$0.38
2022Detailed filing. Detailed filing data is available for this year.$1.53$0.05$1.48$1.19$1.09$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.47$0.03$1.43$1.22$1.06$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.25$0.01$1.24$1.27$1.38$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.38$0.05$1.33$1.19$0.83$0.37
2018Detailed filing. Detailed filing data is available for this year.$1.58$0.71$0.87$1.67$1.12$0.55
2017Detailed filing. Detailed filing data is available for this year.$0.37$0.05$0.31$0.75$0.69$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.28$0.07$0.21$0.83$0.73$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.13$0.01$0.12$0.63$0.70$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.33$0.15$0.18$0.63$0.65$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.11$0.20$0.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.11$0.17$0.90
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.25$0.20$0.87