Civic Intelligence

Thoroughbred Idea Foundation Inc

EIN 83-1814280 • 501(c)6 • Ocala, FL

990-N Coverage

Profile

The thoroughbred idea foundation aims to improve the thoroughbred racing industry for all stakeholders, especially its primary customers - gamblers and owners - through the exchange, curation and advocacy of sound, data-driven ideas, shared with and implemented by the sport's existing entities.

5001 SW 27th AveOcala, FL 34471

racingthinktank.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

50th percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

11th percentile

-49%

Higher net margin than 11% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$12,851

Down $28,046 (-69%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

$12,851

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue50th percentileNet Margin11th percentile

Revenue

Down

$57,500

Down $39,500 (-41%) from 2019

Expenses

Up

$85,546

Up $29,443 (+52%) from 2019

Net Income

Down

-$28,046

Down $68,943 (-169%) from 2019

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2019: $40,897Liabilities 2019: $02019Assets 2020: $12,851Liabilities 2020: $0Net Assets 2020: $12,8512020

Highlighted filing

2020

Assets$12,851
Liabilities$0
Net Assets$12,851
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2019: $97,000Expenses 2019: $56,103Net Income 2019: $40,8972019Revenue 2020: $57,500Expenses 2020: $85,546Net Income 2020: -$28,0462020

Highlighted filing

2020

Revenue$57,500
Expenses$85,546
Net Income-$28,046
Open 2020 Filing

Filings

Most recent year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,851
Liabilities
$0
Net assets
$12,851
Revenue
$57,500
Expenses
$85,546
Net income
-$28,046
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$12.9$0.00$12.9$57.5$85.5$28.0
2019Summary only. Only limited summary data is available for this year.$40.9$0.00$97.0$56.1$40.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 27, 2021
Return Version
2020v4.0
Gross Receipts
$57,500
Mission and Program Overview

Mission

The thoroughbred idea foundation aims to improve the thoroughbred racing industry for all stakeholders, especially its primary customers - gamblers and owners - through the exchange, curation and advocacy of sound, data-driven ideas, shared with and implemented by the sport's existing entities.

Program Services

DescriptionGrantsExpenses
TO IMPROVE THE THOROUGHBRED RACING INDUSTRY FOR ALL STAKEHOLDERS, ESPECIALLY ITS PRIMARY CUSTOMERS - GAMBLERS AND OWNERS - THROUGH THE EXCHANGE, CURATION AND ADVOCACY OF SOUND, DATA-DRIVEN IDEAS, SHARED WITH AND IMPLEMENTED BY THE SPORT'S EXISTING ENTITIES.$0$85,546
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
CRAIG BERNICKDirector-$0--
CATHERINE DONOVANDirector-$0--
LESLEY HOWARDDirector-$0--
COREY JOHNSENDirector-$0--
PAUL MATTIESDirector-$0--
JUSTIN NICHOLSONDirector-$0--
TOM REYNOLDSDirector-$0--
GARY STEVENSDirector-$0--
JACK WOLFDirector-$0--
DONNA BROTHERSDirector-$0--
MARSHALL GRAMMDirector-$0--
MICHAEL LEVYDirector-$0--
Filing and Contact Details

Filer

Filer Name
Thoroughbred Idea Foundation Inc
EIN
83-1814280
Phone
8592334146
Address
5001 SW 27TH AVE, OCALA, FL 34471

Signing Officer

Name
Patrick Cummings
Title
Executive Director
Phone
8592334146
Signed
2021-02-27
Discuss with paid preparer
Yes

Preparer

Firm
Radwan Brown & Company Psc
Address
2421 MEMBERS WAY, LEXINGTON, KY 40504
Preparer
Troy Mulligan
Phone
8592334146
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: travel expense. Amount: 7,551. Description: conference expenses. Amount: 500. Description: insurance. Amount: 7,682. Description: bank fees. Amount: 45. Description: advertising. Amount: 2,902. Description: website hosting fees. Amount: 300. Description: bonus payment. Amount: 20,000. Total to form 990-ez, line 16: 38,980.”

Raw XML Appendix162 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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IRS990EZ/PrimaryExemptPurposeTxt0THE THOROUGHBRED IDEA FOUNDATION AIMS TO IMPROVE THE THOROUGHBRED RACING INDUSTRY FOR ALL STAKEHOLDERS, ESPECIALLY ITS PRIMARY CUSTOMERS - GAMBLERS AND OWNERS - THROUGH THE EXCHANGE, CURATION AND ADVOCACY OF SOUND, DATA-DRIVEN IDEAS, SHARED WITH AND IMPLEMENTED BY THE SPORT'S EXISTING ENTITIES.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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