Civic Intelligence

Thoroughbred Racing Association of Oklahoma Benevolence Fund

990 • Fiscal year 2019 • EIN 36-7622602

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 13, 2020

Organization ProfileTRAORACING.COM
One Remington PlaceOklahoma City, OK 73111

(405) 427-8753

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Net Margin

30th percentile

-5.9%

Higher net margin than 30% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Asset Growth

19th percentile

-16%

Faster asset growth than 19% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

80th percentile

19%

Faster revenue growth than 80% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$88,969

Down $17,406 (-16%) from 2018

Net Assets

Down

$88,969

Down $17,406 (-16%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin30th percentile

Revenue

Up

$297,177

Up $48,302 (+19%) from 2018

Expenses

Up

$314,583

Up $12,945 (+4.3%) from 2018

Net Income

Up

-$17,406

Up $35,357 (+67%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$400K$300K$200K$100K$0Assets 2016: $209,620Liabilities 2016: $0Net Assets 2016: $209,6202016Assets 2018: $106,375Liabilities 2018: $0Net Assets 2018: $106,3752018Assets 2019: $88,969Liabilities 2019: $0Net Assets 2019: $88,9692019Assets 2020: $61,559Liabilities 2020: $0Net Assets 2020: $61,5592020Assets 2021: $141,648Liabilities 2021: $0Net Assets 2021: $141,6482021Assets 2022: $173,338Liabilities 2022: $314Net Assets 2022: $173,0242022Assets 2023: $224,446Liabilities 2023: $0Net Assets 2023: $224,4462023Assets 2024: $304,598Liabilities 2024: $0Net Assets 2024: $304,5982024Assets 2025: $376,187Liabilities 2025: $0Net Assets 2025: $376,1872025

Highlighted filing

2019

Assets$88,969
Liabilities$0
Net Assets$88,969
Open 2019 Filing

Operations Trend

Revenue Growth80th percentile

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

$600K$400K$200K$0-$200KRevenue 2016: $283,314Expenses 2016: $267,922Net Income 2016: $15,3922016Revenue 2018: $248,875Expenses 2018: $301,638Net Income 2018: -$52,7632018Revenue 2019: $297,177Expenses 2019: $314,583Net Income 2019: -$17,4062019Revenue 2020: $248,973Expenses 2020: $276,383Net Income 2020: -$27,4102020Revenue 2021: $403,684Expenses 2021: $326,773Net Income 2021: $76,9112021Revenue 2022: $302,281Expenses 2022: $270,905Net Income 2022: $31,3762022Revenue 2023: $323,559Expenses 2023: $272,471Net Income 2023: $51,0882023Revenue 2024: $322,570Expenses 2024: $244,720Net Income 2024: $77,8502024Revenue 2025: $292,129Expenses 2025: $221,388Net Income 2025: $70,7412025

Highlighted filing

2019

Revenue$297,177
Expenses$314,583
Net Income-$17,406
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 13, 2020
Return Version
2019v5.0
Gross Receipts
$297,177
Mission and Program Overview

Mission

The purpose of this trust is to provide benevolence including, but not limited to, financial assistance to defray expenses for medical care and treatment, hospitalization, funeral services, and burial of members in good standing and worthy former members of the thoroughbred racing association of oklahoma, their spouses and children, and their licensed backstretch personnel, as defined herein and as permitted by law, on a case-by case basis in the sole and absolute discretion of the trustees of this trust.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$106,375$88,969▼ $17,406
Total Assets$106,375$88,969▼ $17,406
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$106,375$88,969▼ $17,406
Total Net Assets Fund Balance$106,375$88,969▼ $17,406
Total Liabilities and Net Assets / Fund Balance$106,375$88,969▼ $17,406

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$13,313$13,313
Compensation and Service Providers
Top Officer Pay86th percentile

Board Members and Trustees

NameTitle
Boyd CasterDirector
Bryan HawkDirector
C R TroutDirector
Danny CaldwellDirector
David FaulknerDirector
Joe OffolterDirector
Kenny NolenDirector
Michael MajorsDirector
Mike BiehlerDirector
Randy BlairDirector
Randy OberlanderDirector
Robert ZoellnerDirector
Veronica GriggsDirector
Danielle BarberExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$297,177
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-17,406

Audited Revenue Reconciliation

Revenue per Audited Statements
$297,177
Total Revenue per Audited Statements
$297,177
Total Revenue per Form 990
$297,177
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,700
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
Benefits to Members$307,883--$307,883
Fees for Services Accounting$4,556$1,519-$6,075
Office Expenses$469$156-$625
Total Functional Expenses$312,908$1,675$0$314,583

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$314,583
Total Expenses per Audited Statements$314,583
Total Expenses per Form 990$314,583
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 7A

“The membership votes by secret ballot to elect the governing board. These ballots are sent via us mail to an independent cpa for certification.”

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

“The 990 is presented to the board by the executive director for review. A board member will sign and submit the form.”

Form 990, Page 6, Part VI, Line 12C

“A. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. B. If, after hearing the members response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

Form 990, Page 6, Part VI, Line 15A

“There is no compensation for directors and officers. Compensation for key employees set by the board.”

Form 990, Page 6, Part VI, Line 15B

“There is no compensation for directors and officers. Compensation for key employees set by the board.”

Form 990, Page 6, Part VI, Line 18

“The documents can be viewed at the association offices upon written request.”

Form 990, Page 6, Part VI, Line 19

“The documents can be viewed at the association offices upon written request.”

Filing and Contact Details

Filer

Filer Name
Thoroughbred Racing Association of
EIN
36-7622602
Phone
4054278753
Address
ONE REMINGTON PLACE, OKLAHOMA CITY, OK 73111
Doing Business As
Trao Benevolence Fund

Signing Officer

Name
Danielle Barber
Title
Executive Director
Phone
4054278753
Signed
2020-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Danielle Barber
Formed
2012
Legal Domicile
Ok
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
H Ric Hedges
Address
PO BOX 32734, OKLAHOMA CITY, OK 73123-0934
Preparer
H Ric Hedges
Phone
9186299994
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The purpose of this trust is to provide benevolence including, but not limited to, financial assistance to defray expenses for medical care and treatment, hospitalization, funeral services, and burial of members in good standing and worthy former members of the thoroughbred racing association of oklahoma, their spouses and children, and their licensed backstretch personnel, as defined herein and as permitted by law, on a case-by case basis in the sole and absolute discretion of the trustees of this trust.”

Form 990, Part XI, Line 9

“Adjustments 0 contribution 0”

Raw XML Appendix338 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/TitleTxt13EXECUTIVE DI
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THIS TRUST IS TO PROVIDE BENEVOLENCE INCLUDING, BUT NOT LIMITED TO, FINANCIAL ASSISTANCE TO DEFRAY EXPENSES FOR MEDICAL CARE AND TREATMENT, HOSPITALIZATION, FUNERAL SERVICES, AND BURIAL OF MEMBERS IN GOOD STANDING AND WORTHY FORMER MEMBERS OF THE THOROUGHBRED RACING ASSOCIATION OF OKLAHOMA, THEIR SPOUSES AND CHILDREN, AND THEIR LICENSED BACKSTRETCH PERSONNEL, AS DEFINED HEREIN AND AS PERMITTED BY LAW, ON A CASE-BY CASE BASIS IN THE SOLE AND ABSOLUTE DISCRETION OF THE TRUSTEES OF THIS TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP VOTES BY SECRET BALLOT TO ELECT THE GOVERNING BOARD. THESE BALLOTS ARE SENT VIA US MAIL TO AN INDEPENDENT CPA FOR CERTIFICATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS PRESENTED TO THE BOARD BY THE EXECUTIVE DIRECTOR FOR REVIEW. A BOARD MEMBER WILL SIGN AND SUBMIT THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE MEMBERS RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE IS NO COMPENSATION FOR DIRECTORS AND OFFICERS. COMPENSATION FOR KEY EMPLOYEES SET BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE IS NO COMPENSATION FOR DIRECTORS AND OFFICERS. COMPENSATION FOR KEY EMPLOYEES SET BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE DOCUMENTS CAN BE VIEWED AT THE ASSOCIATION OFFICES UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE DOCUMENTS CAN BE VIEWED AT THE ASSOCIATION OFFICES UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ADJUSTMENTS 0 CONTRIBUTION 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0106375
IRS990/TotalAssetsEOYAmt088969
IRS990/TotalAssetsGrp/BOYAmt0106375
IRS990/TotalAssetsGrp/EOYAmt088969
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01675
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0312908
IRS990/TotalFunctionalExpensesGrp/TotalAmt0314583
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0106375
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt088969
IRS990/TotalProgramServiceExpensesAmt0312908
IRS990/TotalProgramServiceRevenueAmt0297177
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0297177
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0297177
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0106375
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt088969
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011408 NW 109TH STREET
IRS990/USAddress/CityNm0YUKON
IRS990/USAddress/StateAbbreviationCd0OK
IRS990/USAddress/ZIPCd073099
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0HTTP://TRAORACING.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIELLE BARBER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04054278753
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THOROUGHBRED RACING ASSOCIATION OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OKLAHOMA BENEVOLENCE FUND
ReturnHeader/Filer/BusinessNameControlTxt0THOR
ReturnHeader/Filer/EIN0367622602
ReturnHeader/Filer/PhoneNum04054278753
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE REMINGTON PLACE
ReturnHeader/Filer/USAddress/CityNm0OKLAHOMA CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd073111
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0911082F0CB3C8F431C9E4AA7302437DBF6E5DE07
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0911082F0CB3C8F431C9E4AA7302437DBF6E5DE07
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.227.125.220
ReturnHeader/FilingSecurityInformation/IPDt02020-03-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm017:18:52
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731529616
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0H RIC HEDGES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 32734
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OKLAHOMA CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0731230934
ReturnHeader/PreparerPersonGrp/PhoneNum09186299994
ReturnHeader/PreparerPersonGrp/PreparationDt02020-03-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0H RIC HEDGES
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-03-13T17:18:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$88,969
Liabilities
$0
Net assets
$88,969
Revenue
$297,177
Expenses
$314,583
Net income
-$17,406
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.76$0.00$3.76$2.92$2.21$0.71
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$0.00$3.05$3.23$2.45$0.78
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.00$2.24$3.24$2.72$0.51
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$0.00$1.73$3.02$2.71$0.31
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.00$1.42$4.04$3.27$0.77
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.00$0.62$2.49$2.76$0.27
2019Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$2.97$3.15$0.17
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$2.49$3.02$0.53
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.10$0.00$2.10$2.83$2.68$0.15