Florida Thoroughbred Charities Inc

Ocala, FL
Tax-exempt since June 1991
EIN: 59-2991947

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Fund Raising Organizations That Cross Categories (NTEE)

Donations to this organization are tax deductible.

Revenue

$146k (2023)

Expenses

$51.8k (2023)

Total Assets

$311k (2023)

Total Liabilities

$59 (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$145,500

Expenses

$51,847

Net Income

$93,653

Net Assets

$310,633

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$158,121	> 100%
Program Services	$0
Investment Income	$89	0.1%
Net Fundraising	-$12,710
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$310,692
Total Liabilities	$59
Net Assets	$310,633

Compensation

Key Employees and Officers	Compensation	Other
George Russell (1 St Vice Pre)	$0	$0
Lonny Powell (Ceo & Execut)	$0	$0
Nick De Meric (Secretary)	$0	$0
Joseph M O'farrell Iii (Treasurer)	$0	$0
George Issacs (President)	$0	$0
Francis Vanlangendonck (2 Nd Vice Pre)	$0	$0

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990-EZ

Filed on Aug. 21, 2024

Short form tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$57,240

Expenses

$52,615

Net Income

$4,625

Net Assets

$216,980

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$57,894	> 100%
Program Services	$0
Investment Income	$0
Net Fundraising	-$654
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$217,039
Total Liabilities	$59
Net Assets	$216,980

Compensation

Key Employees and Officers	Compensation	Other
George Russell (1 St Vice Cha)	$0	$0
Lonny Powell (Executive Di)	$0	$0
Nick De Meric (Secretary)	$0	$0
Joseph M O'farrell Iii (Treasurer)	$0	$0
George Issacs (Chairman)	$0	$0
Francis Vanlangendonck (2 Nd Vice Cha)	$0	$0

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990-EZ

Filed on Sept. 25, 2023

Short form tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2021

Revenue

$113,394

Expenses

$83,296

Net Income

$30,098

Net Assets

$212,355

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$136,412	> 100%
Program Services	$0
Investment Income	$0
Net Fundraising	-$23,018
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$212,414
Total Liabilities	$59
Net Assets	$212,355

Compensation

Key Employees and Officers	Compensation	Other
George Russell (2 Nd Vice Cha)	$0	$0
Lonny Powell (Executive Di)	$0	$0
Phil Matthews Exited October 2021 (Chairman)	$0	$0
Brent Fernung (Treasurer)	$0	$0
Valerie Dailey (Chairman)	$0	$0
Joseph M O'farrell Iii (Secretary)	$0	$0
George Issacs (1 St Vice Cha)	$0	$0

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990-EZ

Filed on Sept. 21, 2022

Short form tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$43,571

Expenses

$100,361

Net Income

-$56,790

Net Assets

$182,257

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$30,083	69.0%
Program Services	$0
Investment Income	$0
Net Fundraising	$12,138	27.9%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,350	3.1%

Assets/Debt
Total Assets	$182,316
Total Liabilities	$59
Net Assets	$182,257

Compensation

Key Employees and Officers	Compensation	Other
George Russell (Treasurer)	$0	$0
Lonny Powell (Executive Di)	$0	$0
Greg Wheeler Exiting (Chairman)	$0	$0
Phil Matthews Entering (Chairman)	$0	$0
Brent Fernung (2 Nd Vice Cha)	$0	$0
Valerie Dailey (1 St Vice Cha)	$0	$0
Joseph M O'farrell Iii (Secretary)	$0	$0

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990-EZ

Filed on Sept. 14, 2021

Short form tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$86,049

Expenses

$109,699

Net Income

-$23,650

Net Assets

$246,715

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$105,166	> 100%
Program Services	$0
Investment Income	$0
Net Fundraising	-$19,117
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$246,774
Total Liabilities	$59
Net Assets	$246,715

Compensation

Key Employees and Officers	Compensation	Other
George Russell (1 St Vice Cha)	$0	$0
Lonny Powell (Executive Di)	$0	$0
Greg Wheeler (Chairman)	$0	$0
Phil Matthews (2 Nd Vice Cha)	$0	$0
Brent Fernung (Treasurer)	$0	$0
George Isaacs (Outgoing Sec)	$0	$0
Valerie Dailey (Incoming Sec)	$0	$0

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990-EZ

Filed on Sept. 18, 2020

Short form tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$69,123

Expenses

$185,161

Net Income

-$116,038

Net Assets

$270,365

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$103,076	> 100%
Program Services	$0
Investment Income	$534	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$7,877
Sales of Assets	-$26,610
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$270,424
Total Liabilities	$59
Net Assets	$270,365

Compensation

Key Employees and Officers	Compensation	Related	Other
George Russell (Treasurer)	$0	$0	$0
Greg Wheeler (2 Nd Vice Cha)	$0	$0	$0
Phil Matthews (1 St Vice Cha)	$0	$0	$0
Brent Fernung (Chairman)	$0	$0	$0
George Isaacs (Secretary)	$0	$0	$0
Lonny Powell (Executive Di)	$0	$279,962	$37,338

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990

Filed on Sept. 24, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$97,690

Expenses

$137,850

Net Income

-$40,160

Net Assets

$386,411

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$75,092	76.9%
Program Services	$0
Investment Income	$3,236	3.3%
Net Fundraising	-$9,593
Sales of Assets	$28,129	28.8%
Net Inventory Sales	$0
Other Revenue	$826	0.8%

Assets/Debt
Total Assets	$386,470
Total Liabilities	$59
Net Assets	$386,411

Compensation

Key Employees and Officers	Compensation	Other
George Russell (2 Nd Vice Ch)	$0	$0
Lonny Powell (Executive Di)	$0	$0
Greg Wheeler (Treasurer)	$0	$0
Phil Matthews (1 St Vice Cha)	$0	$0
Brent Fernung (Chairman)	$0	$0
Joseph O' Farrell Iii (2 Nd Vice Cha)	$0	$0
George Isaacs (Secretary)	$0	$0

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990-EZ

Filed on Aug. 16, 2018

Short form tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$121,483

Expenses

$151,334

Net Income

-$29,851

Net Assets

$426,571

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$29,250	24.1%
Program Services	$0
Investment Income	$11,112	9.1%
Net Fundraising	$80,565	66.3%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$556	0.5%

Assets/Debt
Total Assets	$426,630
Total Liabilities	$59
Net Assets	$426,571

Compensation

Key Employees and Officers	Compensation	Other
George Russell (2 Nd Vice Chairman)	$0	$0
Lonny Powell (Executive Director)	$0	$0
Greg Wheeler (Secretary)	$0	$0
Phil Matthews (1 St Vice Chairman)	$0	$0
Brent Fernung (Chairman)	$0	$0
Joseph O'farrell Iii (Treasurer)	$0	$0
Fred Brei (Treasurer)	$0	$0

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990-EZ

Filed on Oct. 5, 2017

Short form tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$143,681

Expenses

$125,775

Net Income

$17,906

Net Assets

$456,422

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$33,562	23.4%
Program Services	$0
Investment Income	$15,791	11.0%
Net Fundraising	$93,672	65.2%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$656	0.5%

Assets/Debt
Total Assets	$456,481
Total Liabilities	$59
Net Assets	$456,422

Compensation

Key Employees and Officers	Compensation	Other
George Russell (Chairman)	$0	$0
Lonny Powell (Executive Director)	$0	$0
Fred Brei (Treasurer)	$0	$0
Phil Matthews (2 Nd Vice Chairman)	$0	$0
Brent Fernung (1 St Vice Chairman)	$0	$0
Joseph O'farrell Iii (Secretary)	$0	$0

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990-EZ

Filed on Sept. 26, 2016

Short form tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$119,633

Expenses

$156,497

Net Income

-$36,864

Net Assets

$438,516

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$29,925	25.0%
Program Services	$0
Investment Income	$13,206	11.0%
Net Fundraising	$76,133	63.6%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$369	0.3%

Assets/Debt
Total Assets	$438,575
Total Liabilities	$59
Net Assets	$438,516

Compensation

Key Employees and Officers	Compensation	Other
George Russell (Chairman)	$0	$0
Sheila Dimare (Secretary)	$0	$0
Lonny Powell (Executive Director)	$0	$0
Fred Brei (Treasurer)	$0	$0
Phil Matthews (2 Nd Vice Chairman)	$0	$0
Brent Fernung (1 St Vice Chairman)	$0	$0
Joseph O'farrell (Secretary)	$0	$0

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990-EZ

Filed on Nov. 4, 2015

Short form tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$144,465

Expenses

$134,201

Net Income

$10,264

Net Assets

$475,381

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$34,095	23.6%
Program Services	$0
Investment Income	$13,886	9.6%
Net Fundraising	$96,136	66.5%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$348	0.2%

Assets/Debt
Total Assets	$475,440
Total Liabilities	$59
Net Assets	$475,381

Compensation

Key Employees and Officers	Compensation	Other
George Russell (Chairman)	$0	$0
Sheila Dimare (Director)	$0	$0
Lonny Powell (Executive Director)	$0	$0
Fred Brei (Director)	$0	$0
Phil Matthews (Director)	$0	$0
Brent Fernung (Vice Chairman)	$0	$0

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990-EZ

Filed on Nov. 17, 2014

Short form tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$108,741

Expenses

$147,955

Net Income

-$39,214

Net Assets

$465,117

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$35,131	32.3%
Program Services	$0
Investment Income	$10,837	10.0%
Net Fundraising	$62,773	57.7%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$465,176
Total Liabilities	$59
Net Assets	$465,117

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$73,025

Expenses

$44,941

Net Income

$28,084

Net Assets

$504,331

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$22,150	30.3%
Program Services	$0
Investment Income	$6,607	9.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$42,008	57.5%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,260	3.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$504,390
Total Liabilities	$59
Net Assets	$504,331

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$149,517

Expenses

$149,028

Net Income

$489

Net Assets

$480,966

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$28,080	18.8%
Program Services	$0
Investment Income	$1,700	1.1%
Net Fundraising	$119,118	79.7%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$619	0.4%

Assets/Debt
Total Assets	$481,025
Total Liabilities	$59
Net Assets	$480,966

990

Fiscal Year Ending Dec.
2000

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Raw filing data. Includes EINs and summary financials as structured data.
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E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated March 11, 2025

Florida Thoroughbred Charities Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $146k (2023)

Expenses $51.8k (2023)

Total Assets $311k (2023)

Total Liabilities $59 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from 990-EZ

Document Links

990-EZ

Revenue

$146k (2023)

Expenses

$51.8k (2023)

Total Assets

$311k (2023)

Total Liabilities

$59 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2001

Fiscal Year Ending Dec.
2000