Civic Intelligence

Illinois Thoroughbred Horsemens Association Thoroughbred Rescue Fu

990 • Fiscal year 2023 • EIN 27-2959198

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 15, 2024

Organization ProfileGALLOPINGOUT.ORG
7301 West 25th Street Suite 321North Riverside, IL 60546

(708) 652-2201

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

65th percentile

11%

Faster asset growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

78th percentile

42%

Faster revenue growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$360,419

Up $36,924 (+11%) from 2022

Net Assets

Up

$360,147

Up $37,754 (+12%) from 2022

Liabilities

Down

$272

Down $830 (-75%) from 2022

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin71st percentile

Revenue

Up

$215,912

Up $64,336 (+42%) from 2022

Expenses

Up

$178,158

Up $21,071 (+13%) from 2022

Net Income

Up

$37,754

Up $43,265 (+785%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$400K$300K$200K$100K$0Assets 2011: $158,603Liabilities 2011: $0Net Assets 2011: $158,6032011Assets 2012: $146,664Net Assets 2012: $146,6642012Assets 2013: $191,985Liabilities 2013: $0Net Assets 2013: $191,9852013Assets 2014: $179,261Liabilities 2014: $800Net Assets 2014: $178,4612014Assets 2015: $160,877Liabilities 2015: $800Net Assets 2015: $160,0772015Assets 2016: $135,538Liabilities 2016: $800Net Assets 2016: $134,7382016Assets 2017: $168,103Liabilities 2017: $800Net Assets 2017: $167,3032017Assets 2018: $186,317Net Assets 2018: $186,3172018Assets 2019: $170,533Liabilities 2019: $176Net Assets 2019: $170,3572019Assets 2020: $218,171Liabilities 2020: $98Net Assets 2020: $218,0732020Assets 2021: $328,197Liabilities 2021: $293Net Assets 2021: $327,9042021Assets 2022: $323,495Liabilities 2022: $1,102Net Assets 2022: $322,3932022Assets 2023: $360,419Liabilities 2023: $272Net Assets 2023: $360,1472023Assets 2024: $346,505Liabilities 2024: $0Net Assets 2024: $346,5052024

Highlighted filing

2023

Assets$360,419
Liabilities$272
Net Assets$360,147
Open 2023 Filing

Operations Trend

Revenue Growth78th percentile

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

$300K$200K$100K$0-$100KExpenses 2011: $168,0522011Revenue 2012: $145,099Expenses 2012: $157,038Net Income 2012: -$11,9392012Revenue 2013: $201,209Expenses 2013: $155,888Net Income 2013: $45,3212013Revenue 2014: $127,474Expenses 2014: $140,998Net Income 2014: -$13,5242014Revenue 2015: $100,318Expenses 2015: $118,702Net Income 2015: -$18,3842015Revenue 2016: $141,906Expenses 2016: $167,245Net Income 2016: -$25,3392016Revenue 2017: $165,836Expenses 2017: $133,271Net Income 2017: $32,5652017Revenue 2018: $173,164Expenses 2018: $154,150Net Income 2018: $19,0142018Revenue 2019: $144,638Expenses 2019: $160,598Net Income 2019: -$15,9602019Revenue 2020: $178,061Expenses 2020: $130,345Net Income 2020: $47,7162020Revenue 2021: $262,862Expenses 2021: $153,031Net Income 2021: $109,8312021Revenue 2022: $151,576Expenses 2022: $157,087Net Income 2022: -$5,5112022Revenue 2023: $215,912Expenses 2023: $178,158Net Income 2023: $37,7542023Revenue 2024: $216,926Expenses 2024: $230,568Net Income 2024: -$13,6422024

Highlighted filing

2023

Revenue$215,912
Expenses$178,158
Net Income$37,754
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 15, 2024
Return Version
2023v5.0
Gross Receipts
$215,912
Mission and Program Overview

Mission

To provide assistance with the care, rehabilitation and placement of retired thoroughbred horses that raced in illinois.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$323,495$360,419▲ $36,924
Total Assets$323,495$360,419▲ $36,924
Liabilities
Other Liabilities$1,102$272▼ $830
Total Liabilities$1,102$272▼ $830
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$322,393$360,147▲ $37,754
Total Net Assets Fund Balance$322,393$360,147▲ $37,754
Total Liabilities and Net Assets / Fund Balance$323,495$360,419▲ $36,924
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Chris BlockPresident
Donna BeckerDirector
Michele BoyceDirector
Mickey GoldfineDirector
Steve HollandDirector
Neil PessinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$211,453
Program Service Revenue
$0
Investment Income
$4,459
Other Revenue
$0
All Other Contributions
$211,453
Change in Net Assets
$37,754

Audited Revenue Reconciliation

Revenue per Audited Statements
$215,912
Total Revenue per Audited Statements
$215,912
Total Revenue per Form 990
$215,912
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$178,158
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$13,035-$13,035
All Other Expenses$9,436--$9,436
Other Expenses$7,500--$7,500
Total Functional Expenses$165,123$13,035$0$178,158

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$178,158
Total Expenses per Audited Statements$178,158
Total Expenses per Form 990$178,158
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Itha$272
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 is prepared by the independent cpa and reviewed in detail with the executive director. The return is then presented to the members of the board; reviewed and discussed and a motion is then made to accept or reject the return.”

Form 990, Page 6, Part VI, Line 19

“Available during normal business hours”

Filing and Contact Details

Filer

Filer Name
Galloping Out
EIN
27-2959198
Phone
7086522201
Address
7301 WEST 25TH STREET SUITE 321, NORTH RIVERSIDE, IL 60546

Signing Officer

Name
David Mccaffrey
Title
Executive Director
Phone
7086522201
Signed
2024-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Mccaffrey
Formed
2010
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Gegorek & Company Pa
Address
136 HEATHER DR, QUEENSTOWN, MD 21658-1194
Preparer
Craig S Gegorek
Phone
4108234040
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“To provide care and assistance in the placement of retired thoroughbred horses”

Raw XML Appendix353 raw XML fields

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/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/FSAuditedInd0true
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IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0215912
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IRS990/InvestmentIncomeGrp/ExclusionAmt04459
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04459
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE INDEPENDENT CPA AND REVIEWED IN DETAIL WITH THE EXECUTIVE DIRECTOR. THE RETURN IS THEN PRESENTED TO THE MEMBERS OF THE BOARD; REVIEWED AND DISCUSSED AND A MOTION IS THEN MADE TO ACCEPT OR REJECT THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE DURING NORMAL BUSINESS HOURS
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IRS990/TaxablePartyNotificationInd0false
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ReturnHeader/PreparerPersonGrp/PhoneNum04108234040
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ReturnHeader/ReturnTs02024-05-01T09:26:35-04:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCCAFFREY
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$360,419
Liabilities
$272
Net assets
$360,147
Revenue
$215,912
Expenses
$178,158
Net income
$37,754
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.47$0.00$3.47$2.17$2.31$0.14
2023Detailed filing. Detailed filing data is available for this year.$3.60$0.00$3.60$2.16$1.78$0.38
2022Detailed filing. Detailed filing data is available for this year.$3.23$0.01$3.22$1.52$1.57$0.06
2021Detailed filing. Detailed filing data is available for this year.$3.28$0.00$3.28$2.63$1.53$1.10
2020Detailed filing. Detailed filing data is available for this year.$2.18$0.00$2.18$1.78$1.30$0.48
2019Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.70$1.45$1.61$0.16
2018Detailed filing. Detailed filing data is available for this year.$1.86$1.86$1.73$1.54$0.19
2017Detailed filing. Detailed filing data is available for this year.$1.68$0.01$1.67$1.66$1.33$0.33
2016Detailed filing. Detailed filing data is available for this year.$1.36$0.01$1.35$1.42$1.67$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.61$0.01$1.60$1.00$1.19$0.18
2014Detailed filing. Detailed filing data is available for this year.$1.79$0.01$1.78$1.27$1.41$0.14
2013Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$2.01$1.56$0.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$1.47$1.45$1.57$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.00$1.59$1.68