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Nonprofiteer
← CALIFORNIA THOROUGHBRED HORSEMENS FOUNDATION

Form 990 for tax year 2023

Filed by CALIFORNIA THOROUGHBRED HORSEMENS FOUNDATION.

Totals

Total revenue
$2,354,580
Total expenses
$2,384,233
Contributions and grants received
$2,003,390
Grants paid
$10,155
Program service revenue
$145,989
Investment income
$195,395
Other revenue
$9,806
Total assets, end of year
$5,106,989
Total liabilities, end of year
$136,825
Net assets or fund balances, end of year
$4,970,164
Program services expenses (Part IX)
$2,097,688
Management and general expenses
$286,545
Fundraising expenses
$0
Program service expenses (Part III)
$2,097,688

Program services were 88.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,003,390

  • 2a · Program service revenue: MEDICAL & DENTAL SERVICES FEE

    total $145,989 · related or exempt $145,989

  • 3 · Investment income

    total $143,192 · excluded $143,192

  • 7a · Gross sales of assets other than inventory

    securities $3,364,462

  • 7b · Less cost or other basis and sales expenses

    securities $3,312,259

  • 7c · Gain or loss

    securities $52,203

  • 7d · Net gain or loss

    total $52,203 · excluded $52,203

  • 11a · Other revenue: OTHER INCOME

    total $9,806 · excluded $9,806

  • 11e · Other revenue, total

    $9,806

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,155 · program services $10,155

  • 5 · Compensation of officers, directors and key employees

    total $185,727 · program services $167,154 · management and general $18,573

  • 7 · Other salaries and wages

    total $1,053,948 · program services $945,415 · management and general $108,533

  • 8 · Pension plan contributions

    total $46,075 · program services $41,231 · management and general $4,844

  • 9 · Other employee benefits

    total $98,457 · program services $92,756 · management and general $5,701

  • 10 · Payroll taxes

    total $94,422 · program services $85,209 · management and general $9,213

  • 11b · Fees: legal

    total $21,032 · management and general $21,032

  • 11c · Fees: accounting

    total $64,893 · management and general $64,893

  • 11g · Fees: other

    total $130,944 · program services $130,944

  • 13 · Office expenses

    total $36,691 · management and general $36,691

  • 16 · Occupancy

    total $130,974 · program services $130,974

  • 17 · Travel

    total $15,279 · management and general $15,279

  • 22 · Depreciation, depletion and amortization

    total $8,395 · program services $6,609 · management and general $1,786

  • 23 · Insurance

    total $36,140 · program services $36,140

  • 24a · Other expenses: PROGRAM EXPENSES

    total $217,231 · program services $217,231

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $106,651 · program services $106,651

  • 24c · Other expenses: PRESCRIPTIONS

    total $79,159 · program services $79,159

  • 24d · Other expenses: MISCELLANEOUS

    total $26,697 · program services $26,697

  • 24e · All other expenses

    total $21,363 · program services $21,363

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,558 · end of year $5,115

  • 2 · Savings and temporary cash investments

    beginning of year $192,908 · end of year $696,172

  • 4 · Accounts receivable

    beginning of year $199,657 · end of year $248,834

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,208 · end of year $5,448

  • 10a · Land, buildings and equipment: cost or other basis

    $1,248,551

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,197,651

  • 10c · Land, buildings and equipment, net

    beginning of year $55,620 · end of year $50,900

  • 12 · Investments: other securities

    beginning of year $4,490,875 · end of year $4,100,520

  • 17 · Accounts payable and accrued expenses

    beginning of year $94,937 · end of year $103,552

  • 19 · Deferred revenue

    beginning of year $0 · end of year $33,273

  • 27 · Net assets without donor restrictions

    beginning of year $3,551,554 · end of year $3,666,829

  • 28 · Net assets with donor restrictions

    beginning of year $1,303,335 · end of year $1,303,335

Mission and programs · 2023

Mission

THE ORGANIZATION PROVIDES HEALTH AND WELFARE BENEFITS TO INDIVIDUALS AND THEIR FAMILIES WHO WORK IN OCCUPATIONS DIRECTLY RELATED TO THE CARE OF THOROUGHBRED HORSES IN CALIFORNIA.

Activities or mission (Part I)

IMPROVING THE WELL-BEING OF THOROUGHBRED HORSE WORKERS BY PROVIDING HEALTHCARE AT LOCAL CLINICS.

  • CTHF OPERATES FACILITES IN BOTH NORTHERN AND SOUTHERN CALIFORNIA THAT PROVIDE MEDICAL AND DENTAL SERVICES TO APPROXIMATELY 2500 BACKSTRETCH WORKERS AND THEIR FAMILIES. THESE SERVICES ARE PROVIDED BY MEDICAL AND DENTAL PROFESSIONALS, AND INCLUDE HOSPITAL CARE, OUTPATIENT TREATMENTS, ALCOHOL AND DRUG REHABILITATION, WELFARE ASSISTANCE, PRESCRIPTIONS, MEDICAL SUPPLIES AND AMBULANCE SERVICES.

    Expenses $2,097,688 · Grants $10,155 · Revenue $145,989

As filed on the 2023 return.

Listed in Part VII

  • Ken Smole

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Angie Carmona

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Lucy Lawrence

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Thomas Bell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Damascus Cas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Dunn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Hronis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Josh Rubenstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Sindler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Millie Yakteen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jordyn Egan Term Start 11823

    EXECUTIVE DIRECTOR

    Total calculated
    $10,618
    From this org
    $10,618
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Cliff Goodrich Term End 1123

    EXECUTIVE DIRECTOR

    Total calculated
    $175,654
    From this org
    $167,452
    From related orgs
    $0
    Other
    $8,202
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,952
    Bonus
    $0
    Other
    $5,500
    Deferred
    $7,608
    Nontaxable benefits
    $594
    Filer's total
    $175,654

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202521199349300717

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