Civic Intelligence

Trao Retired Horse Fund

990 • Fiscal year 2019 • EIN 90-1113285

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

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)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

2nd percentile

-257%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

8th percentile

-56%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-70%

Faster revenue growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$19,368

Down $24,192 (-56%) from 2018

Net Assets

Down

$19,368

Down $24,192 (-56%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$9,397

Down $21,887 (-70%) from 2018

Expenses

Up

$33,589

Up $10,468 (+45%) from 2018

Net Income

Down

-$24,192

Down $32,355 (-396%) from 2018

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2014: $41,783Liabilities 2014: $0Net Assets 2014: $41,7832014Assets 2015: $12,123Liabilities 2015: $0Net Assets 2015: $12,1232015Assets 2016: $26,505Liabilities 2016: $0Net Assets 2016: $26,5052016Assets 2017: $35,397Liabilities 2017: $0Net Assets 2017: $35,3972017Assets 2018: $43,560Liabilities 2018: $0Net Assets 2018: $43,5602018Assets 2019: $19,368Liabilities 2019: $0Net Assets 2019: $19,3682019Assets 2020: $13,794Liabilities 2020: $0Net Assets 2020: $13,7942020Assets 2021: $30,020Liabilities 2021: $0Net Assets 2021: $30,0202021Assets 2022: $34,294Liabilities 2022: $0Net Assets 2022: $34,2942022Assets 2023: $27,596Liabilities 2023: $401Net Assets 2023: $27,1952023Assets 2024: $25,823Liabilities 2024: $0Net Assets 2024: $25,8232024Assets 2025: $21,673Liabilities 2025: $0Net Assets 2025: $21,6732025

Highlighted filing

2019

Assets$19,368
Liabilities$0
Net Assets$19,368

Operations Trend

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

$60K$40K$20K$0-$20K-$40KRevenue 2014: $7,727Expenses 2014: $9,613Net Income 2014: -$1,8862014Revenue 2015: $8,411Expenses 2015: $38,071Net Income 2015: -$29,6602015Revenue 2016: $46,964Expenses 2016: $32,582Net Income 2016: $14,3822016Revenue 2017: $31,774Expenses 2017: $22,882Net Income 2017: $8,8922017Revenue 2018: $31,284Expenses 2018: $23,121Net Income 2018: $8,1632018Revenue 2019: $9,397Expenses 2019: $33,589Net Income 2019: -$24,1922019Revenue 2020: $26,803Expenses 2020: $32,377Net Income 2020: -$5,5742020Revenue 2021: $47,513Expenses 2021: $31,287Net Income 2021: $16,2262021Revenue 2022: $33,524Expenses 2022: $29,250Net Income 2022: $4,2742022Revenue 2023: $24,495Expenses 2023: $31,594Net Income 2023: -$7,0992023Revenue 2024: $30,443Expenses 2024: $32,216Net Income 2024: -$1,7732024Revenue 2025: $32,897Expenses 2025: $37,047Net Income 2025: -$4,1502025

Highlighted filing

2019

Revenue$9,397
Expenses$33,589
Net Income-$24,192
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 13, 2020
Return Version
2019v5.0
Gross Receipts
$9,397
Mission and Program Overview

Mission

The purpose of this trust is the promotion of the responsible and humane retirement of thoroughbred racehorses including, but not limited to, education of the thoroughbred racing industry and general public, encouragement of best practices by owners and trainers with regard to the retention, retraining, and retirement of thoroughbred racehorses, prevention of cruelty to retired thoroughbred racehorses, and support for the transition, training, and placement of retired thoroughbred racehorses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$43,560$19,368▼ $24,192
Total Assets$43,560$19,368▼ $24,192
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$43,560$19,368▼ $24,192
Total Net Assets Fund Balance$43,560$19,368▼ $24,192
Total Liabilities and Net Assets / Fund Balance$43,560$19,368▼ $24,192
Compensation and Service Providers

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
Robert ZoellnerDirector
Veronica GriggsDirector
Danielle BarberExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,397
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-24,192
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,137
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$29,452--$29,452
Fees for Services Accounting$3,112$1,038-$4,150
Office Expenses$-10$-3-$-13
Total Functional Expenses$32,554$1,035$0$33,589
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
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 member's 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
Trao Retired Horse Fund
EIN
90-1113285
Phone
4054278753
Address
ONE REMINGTON PLACE, OKLAHOMA CITY, OK 73111

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 the promotion of the responsible and humane retirement of thoroughbred racehorses including, but not limited to, education of the thoroughbred racing industry and general public, encouragement of best practices by owners and trainers with regard to the retention, retraining, and retirement of thoroughbred racehorses, prevention of cruelty to retired thoroughbred racehorses, and support for the transition, training, and placement of retired thoroughbred racehorses.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THIS TRUST IS THE PROMOTION OF THE RESPONSIBLE AND HUMANE RETIREMENT OF THOROUGHBRED RACEHORSES INCLUDING, BUT NOT LIMITED TO, EDUCATION OF THE THOROUGHBRED RACING INDUSTRY AND GENERAL PUBLIC, ENCOURAGEMENT OF BEST PRACTICES BY OWNERS AND TRAINERS WITH REGARD TO THE RETENTION, RETRAINING, AND RETIREMENT OF THOROUGHBRED RACEHORSES, PREVENTION OF CRUELTY TO RETIRED THOROUGHBRED RACEHORSES, AND SUPPORT FOR THE TRANSITION, TRAINING, AND PLACEMENT OF RETIRED THOROUGHBRED RACEHORSES.
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 MEMBER'S 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/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
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
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IRS990/TaxExemptBondsInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt033589
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalProgramServiceExpensesAmt032554
IRS990/TotalProgramServiceRevenueAmt09397
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09397
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09397
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IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0YUKON
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IRS990/USAddress/ZIPCd073099
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0HTTP://WWW.TRAORACING.COM
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIELLE BARBER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04054278753
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRAO RETIRED HORSE FUND
ReturnHeader/Filer/BusinessNameControlTxt0TRAO
ReturnHeader/Filer/EIN0901113285
ReturnHeader/Filer/PhoneNum04054278753
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE REMINGTON PLACE
ReturnHeader/Filer/USAddress/CityNm0OKLAHOMA CITY
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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

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$21.7$0.00$21.7$32.9$37.0$4.15
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.8$0.00$25.8$30.4$32.2$1.77
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.6$0.40$27.2$24.5$31.6$7.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.3$0.00$34.3$33.5$29.3$4.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.0$0.00$30.0$47.5$31.3$16.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.8$0.00$13.8$26.8$32.4$5.57
2019Detailed filing. Detailed filing data is available for this year.$19.4$0.00$19.4$9.40$33.6$24.2
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.6$0.00$43.6$31.3$23.1$8.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.4$0.00$35.4$31.8$22.9$8.89
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.5$0.00$26.5$47.0$32.6$14.4
2015Detailed filing. Detailed filing data is available for this year.$12.1$0.00$12.1$8.41$38.1$29.7
2014Summary only. Only limited summary data is available for this year.$41.8$0.00$41.8$7.73$9.61$1.89