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Nonprofiteer
← THOROUGHBRED CHARITIES OF AMERICA INC

Form 990 for tax year 2023

Filed by THOROUGHBRED CHARITIES OF AMERICA INC.

Totals

Total revenue
$1,572,167
Total expenses
$1,195,112
Contributions and grants received
$1,222,439
Grants paid
$897,078
Program service revenue
$0
Investment income
$38,038
Other revenue
$311,690
Total assets, end of year
$1,955,582
Total liabilities, end of year
$85,687
Net assets or fund balances, end of year
$1,869,895
Program services expenses (Part IX)
$1,165,309
Management and general expenses
$20,862
Fundraising expenses
$8,941
Program service expenses (Part III)
$1,165,309

Program services were 97.5% 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.

  • 1c · Fundraising events

    $200,826

  • 1f · All other contributions, gifts and grants

    $1,021,613

  • 1g · Noncash contributions included above

    $200,826

  • 3 · Investment income

    total $38,038 · related or exempt $38,038

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $1,670,497

  • 8a · Fundraising events: contributions included on line 1c

    $200,826

  • 8b · Fundraising events: direct expenses

    $1,358,807

  • 8c · Net income from fundraising events

    total $311,690

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $897,078 · program services $897,078

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $109,196 · program services $98,277 · management and general $7,644 · fundraising $3,275

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $53,647 · program services $48,283 · management and general $3,755 · fundraising $1,609

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $23,598 · program services $21,238 · management and general $1,652 · fundraising $708

  • 10 · Payroll taxes

    total $13,088 · program services $11,779 · management and general $916 · fundraising $393

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $10,551 · program services $9,496 · management and general $738 · fundraising $317

  • 11c · Fees: accounting

    total $18,895 · program services $17,006 · management and general $1,322 · fundraising $567

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $6,142 · program services $5,528 · management and general $430 · fundraising $184

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,360 · program services $1,224 · management and general $95 · fundraising $41

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $5,108 · program services $4,597 · management and general $358 · fundraising $153

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $1,629 · program services $1,466 · management and general $114 · fundraising $49

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $13,027 · program services $11,724 · management and general $912 · fundraising $391

  • 23 · Insurance

    total $2,863 · program services $2,577 · management and general $200 · fundraising $86

  • 24a · Other expenses: CONTRACT SERVICES

    total $21,423 · program services $19,280 · management and general $1,500 · fundraising $643

  • 24b · Other expenses: Printing and Publications

    total $8,011 · program services $7,210 · management and general $561 · fundraising $240

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $3,986 · program services $3,587 · management and general $279 · fundraising $120

  • 24d · Other expenses: Postage and Shipping

    total $3,870 · program services $3,483 · management and general $271 · fundraising $116

  • 24e · All other expenses

    total $1,640 · program services $1,476 · management and general $115 · fundraising $49

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,021 · end of year $76,142

  • 2 · Savings and temporary cash investments

    beginning of year $1,057,470 · end of year $1,492,170

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $123,869 · end of year $38,760

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,446 · end of year $16,732

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $270,426 · end of year $305,725

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $39,080 · end of year $26,053

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,892 · end of year $55,350

  • 19 · Deferred revenue

    end of year $1,000

  • 25 · Other liabilities

    beginning of year $43,009 · end of year $29,337

  • 27 · Net assets without donor restrictions

    beginning of year $884,897 · end of year $1,372,633

  • 28 · Net assets with donor restrictions

    beginning of year $594,514 · end of year $497,262

Mission and programs · 2023

Mission

TCA's mission is to fund and facilitate the support of Thoroughbreds and the people who care for them.

  • TCA's mission is to fund and facilitate the support of Thoroughbreds and the people who care for them.

    Expenses $1,165,309

As filed on the 2023 return.

Listed in Part VII

  • DAN METZGER

    Director

    Total calculated
    $300,974
    From this org
    $0
    From related orgs
    $288,374
    Other
    $12,600
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $278,379 related
    Bonus
    not reported
    Other
    not reported + $9,995 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $12,600 related
    Filer's total
    not reported + $300,974 related

  • Erin Halliwell

    Executive Director

    Total calculated
    $109,196
    From this org
    $109,196
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • CARRIE BROGDEN

    Director

    Total calculated
    $0
    Hours/week
    1

  • LESLEY CAMPION

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • TORIE GLADWELL

    Director

    Total calculated
    $0
    Hours/week
    1

  • CASSIDY GAFFALIONE

    Director

    Total calculated
    $0
    Hours/week
    1

  • MARETTE FARRELL

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • BRANT LAUE

    Director

    Total calculated
    $0
    Hours/week
    2

  • MARSHALL GRAMM

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • LEAH O'MEARA

    Director

    Total calculated
    $0
    Hours/week
    1

  • LIAM O'ROURKE

    Director

    Total calculated
    $0
    Hours/week
    1

  • MORGAN RICHARDSON

    Director

    Total calculated
    $0
    Hours/week
    1

  • RYAN MAHAN

    Director

    Total calculated
    $0
    Hours/week
    1

  • JASON LOUTSCH

    Director

    Total calculated
    $0
    Hours/week
    1

  • BROOK SMITH

    Director

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MCMAHON

    President

    Total calculated
    $0
    Hours/week
    10

  • JESSE ULLERY

    Director

    Total calculated
    $0
    Hours/week
    1

  • CATHY SCHIRCLIFF

    Director

    Total calculated
    $0
    Hours/week
    1

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

None.

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

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
25 September 2024
IRS schema version
2023v5.1
Source object
202422699349301007

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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