2022-07-07T08:30:20-05:00 2021-08-31 350921680 CROWE LLP 485 Lexington Avenue Floor 11 New York NY 100172619 990 2021-01-01 454783644 Thoroughbred Aftercare Alliance Foundation Inc THOR 8592242781 821 Corporate Drive Lexington KY 40503 James G Bell President 2022-07-07 true James G Bell 999009999 Toby Kerslake P01875806 2125725500 2020 2022-09-23 18:48:47Z Thoroughbred Aftercare Alliance James G Bell 821 Corporate Drive Lexington KY 40503 2652871 false X www.thoroughbredaftercare.org X 2011 KY THOROUGHBRED AFTERCARE ALLIANCE (TAA) IS AN ORGANIZATION DESIGNED TO SERVE AS BOTH THE ACCREDITING BODY FOR AFTERCARE ORGANIZATIONS THAT CARE FOR THOROUGHBRED HORSES FOLLOWING THE CONCLUSION OF THEIR CAREERS AS WELL AS A FUNDRAISING BODY TO SUPPORT THESE APPROVED ORGANIZATIONS. 24 24 0 24 0 0 4987725 2652425 0 0 73570 446 0 0 5061295 2652871 3430002 600 0 0 355572 216621 0 0 0 422695 286818 4208269 504039 853026 2148832 5769079 6250990 1730789 53868 4038290 6197122 THOROUGHBRED AFTERCARE ALLIANCE ("TAA") IS AN ORGANIZATION DESIGNED TO SERVE AS BOTH THE ACCREDITING BODY FOR AFTERCARE ORGANIZATIONS THAT CARE FOR THOROUGHBRED HORSES FOLLOWING THE CONCLUSION OF THEIR CAREERS AND AS A FUNDRAISING BODY TO SUPPORT THESE APPROVED ORGANIZATIONS. false false 255757 600 0 IN 2020, TAA GRANTED ACCREDITATION TO 87 ORGANIZATIONS FOLLOWING A THOROUGH AND RIGOROUS PROCESS WHEREBY EACH ORGANIZATION AGREED TO MAINTAIN A SET CODE OF STANDARDS REVIEWED AND APPROVED BY THE AMERICAN HUMANE ASSOCIATION AND THE AMERICAN ASSOCIATION OF EQUINE PRACTITIONERS. EACH ORGANIZATION WAS SUBJECT TO AN IN DEPTH APPLICATION AND RECEIVED ONSITE VISITS TO EACH ORGANIZATION CARING FOR THEIR HORSES. IN 2020 THESE 87 APPROVED ORGANIZATIONS RECEIVED GRANTS TOTALING $3,500,000, AND THESE GRANTS MAY BE USED ONLY FOR ACTIVITIES, MATERIALS, SUPPLIES, AND SERVICES DIRECTLY RELATED TO THE CARE OF THE ORGANIZATION'S HORSES. DURING THE SHORT PERIOD, TAA DID NOT PROVIDE ANY GRANTS DUE TO THE CHANGE IN ACCOUNTING PERIOD. THIS WILL RESUME NEXT YEAR WHEN A FULL YEAR RETURN IS FILED. 255757 true true false false false false false false true true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false X 24 24 false true false false false false false true false false false true true true true true true false false false KY X LAURA BARILLARO THE JOCKEY CLUB 2123715970 40 E 52nd St New York NY 10022 X JEFF BLOOM VICE PRESIDENT 2.0 X X 0 0 0 JEN SHAH TREASURER 2.0 X X 0 0 0 JIMMY BELL PRESIDENT (BEGINNING 1/1/2021) 2.0 X X 0 0 0 JOHN PHILLIPS PAST PRESIDENT 2.0 X X 0 0 0 WALTER ROBERTSON JR SECRETARY 2.0 X X 0 0 0 BOYD BROWNING DIRECTOR 1.0 X 0 0 0 BRIAN GRAVES DIRECTOR 1.0 X 0 0 0 CHIP MCGAUGHEY DIRECTOR 1.0 X 0 0 0 CRAIG BANDOROFF DIRECTOR 1.0 X 0 0 0 DAVID O'FARRELL DIRECTOR 1.0 X 0 0 0 DONNA BROTHERS DIRECTOR 1.0 X 0 0 0 DORA DELGADO DIRECTOR 1.0 X 0 0 0 JAMES GAGLIANO DIRECTOR 1.0 X 0 0 0 JOHN KEITT DIRECTOR 1.0 X 0 0 0 JOSH RUBENSTEIN DIRECTOR 1.0 X 0 0 0 MADELINE AUERBACH DIRECTOR (BEGINNING 1/1/2021) 1.0 X 0 0 0 MARTIN PANZA DIRECTOR 1.0 X 0 0 0 NICOLE WALKER DIRECTOR 1.0 X 0 0 0 RICHARD SCHOSBERG DIRECTOR 1.0 X 0 0 0 SIMON BRAY DIRECTOR 1.0 X 0 0 0 SUSIE HART DIRECTOR 1.0 X 0 0 0 TOM CANNELL DIRECTOR (BEGINNING 1/1/2021) 1.0 X 0 0 0 TOM VENTURA DIRECTOR 1.0 X 0 0 0 YVONNE SCHWABE DIRECTOR 1.0 X 0 0 0 STACIE CLARK OPERATIONS CONSULTANT 40.0 X 0 0 0 0 0 0 0 false false false 0 2652425 2652425 0 0 0 0 0 446 446 0 0 0 0 0 0 0 0 0 2652871 0 0 446 X 600 600 178925 88632 90293 24242 12121 12121 13454 6727 6727 86538 43269 43269 12775 12775 68146 61555 6591 0 9920 2449 7471 29735 8671 21064 18954 18954 39576 12779 26797 2194 2194 13281 13281 Credit Card Fees 689 689 Membership & Dues 505 505 Maintenance 248 248 Miscellaneous 4257 4257 0 0 0 0 504039 255757 248282 0 288010 602653 4767219 4666955 684466 955190 0 0 22114 19473 23079 16360 7270 6719 0 0 0 0 0 5769079 6250990 36154 53868 1694635 0 0 0 0 1730789 53868 3553333 5992542 484957 204580 4038290 6197122 5769079 6250990 X 2148832 10000 X false true X true false X 3708698 4239570 4687725 4391609 2652425 19680027 0 0 3708698 4239570 4687725 4391609 2652425 19680027 6954778 12725249 1714 31553 73570 25512 446 132795 0 0 0 0 0 0 0 0 0 0 0 0 19812822 0 0.6423 0.5708 X Schedule A, Part II Change in Tax Year ON JUNE 16, 2021 THE ORGANIZATION'S BOARD VOTED TO CHANGE THE FISCAL YEAR TO SEPTEMBER 1 THROUGH AUGUST 31 STARTING IN 2021. AS A RESULT OF THIS CHANGE IN ACCOUNTING PERIOD, THE ORGANIZATION FILED TWO 2020 TAX RETURNS FOR THE PERIODS JANUARAY 1, 2020 to DECEMBER 31, 2020 AND January 1, 2021 TO SEPTEMBER 30, 2021. SCHEDULE A, PART II, COLUMN (E) REPRESENTS AMOUNTS REPORTED ON THE CURRENT 2020 TAX FORM REPRESENTING THE SHORT PERIOD FILING DUE TO THE ACCOUNTING PERIOD CHANGE. AS A RESULT, COLUMNS A THROUGH D REPRESENT TAX YEARS 1/1/2017 TO 12/31/2017, 1/1/2018 TO 12/31/2018, 1/1/2019 TO 12/31/2019, AND 1/1/2020 TO 12/31/2020 RESPECTIVELY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 484957 484957 707884 222927 484957 707884 0 707884 508156 199728 707884 352737 155419 508156 1.0 0.0 0.0 false false 23079 16360 6719 6719 0 X 2662271 10000 0 10000 2652271 600 600 2652871 503439 0 0 503439 600 600 504039 Schedule D, Part V, Line 4 Intended uses of endowment funds IN 2013, THE TAA BOARD DESIGNATED THAT 10% OF ALL PROCEEDS BE TRANSFERRED TO A BOARD DESIGNATED FUND TO ENSURE LONG TERM DELIVERY OF THE TAA'S MISSION. THE BOARD DESIGNATED FUND WAS ALSO ESTABLISHED TO COVER UNSCHEDULED EXPENSES. FOR EXAMPLE, IF AN ACCREDITED ORGANIZATION UNEXPECTEDLY TAKES ON MORE HORSES, THE BOARD DESIGNATED FUND MAY BE USED TO SUPPLEMENT THEIR ANNUAL GRANT. IN 2016, THE BOARD CHANGED THE PERCENTAGE OF PROCEEDS TO BE TRANSFERRED TO A BOARD DESIGNATED FUND TO 5%. IN 2019, THE BOARD STOPPED THE TRANSFER OF FUNDS TO THE BOARD DESIGNATED FUND ACCOUNT SINCE THE BALANCE EXCEEDED THE THRESHOLD AS ESTABLISHED BY THE RESERVE POLICY. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Accounting principles generally accepted in the United States of America prescribes recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits will be recognized only if the tax position is more likely than not sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more likely than not test, no tax benefit will be recorded. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Grants Paid to Individuals - 600 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Grants paid to individuals - 600 Header Item- A Change in Accounting Period ON JUNE 16, 2021 THE ORGANIZATION'S BOARD VOTED TO CHANGE THE FISCAL YEAR TO SEPTEMBER 1 THROUGH AUGUST 31 STARTING IN 2021. AS A RESULT OF THIS CHANGE IN ACCOUNTING PERIOD, THE ORGANIZATION FILED TWO 2020 TAX RETURNS FOR THE PERIODS JANUARY 1, 2020 to DECEMBER 31, 2020 AND JANUARY 1, 2021 TO SEPTEMBER 30, 2021 TO ACCOUNT FOR THE CHANGE IN ACCOUNTING PERIOD. Form 990, Part VI, Line 15a Method to establish compensation for top management official This question has been answered "no" in accordance with the instructions since the organization's top management official is not compensated by the organization. Form 990, Part VI, Line 15b Method to establish compensation for other officers This question has been answered "no" in accordance with the instructions since no other officers or key employees were compensated by the organization. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body The organization has no such committees, and thus has answered this question "no" in accordance with the instructions. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS PREPARED BY QUALIFIED ACCOUNTING PERSONNEL AND REVIEWED WITH THE AUDIT COMMITTEE CHAIR. THE AUDIT COMMITTEE CHAIR SUBSEQUENTLY DISTRIBUTED IT TO MEMBERS OF THE BOARD FOR APPROVAL PRIOR TO FILING THE RETURN WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION REQUIRES THAT ALL MEMBERS ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT SUCH A PERSON (A) HAS RECEIVED THE CONFLICT OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY AND (D) UNDERSTANDS THAT TAA IS A CHARITABLE FOUNDATION AND IN ORDER TO MAINTAIN ITS EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. IF AT ANY TIME DURING THE YEAR, THE INFORMATION CHANGES MATERIALLY, THE MEMBER MUST DISCLOSE SUCH CHANGES AND REVISE THE ANNUAL DISCLOSURE FORM. Any director shall have a duty to recuse himself or herself at any time from involvement in any decision or discussion in which the director believes he or she has or may have a conflict of interest, without going through the process for determining whether a conflict of interest exists. Form 990, Part VI, Line 19 Required documents available to the public TAA MAKES ITS IRS DETERMINATION LETTER AND FORM 1023 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS OFFICES. ANY INDIVIDUAL REQUESTING A COPY OF THE DOCUMENTS WILL BE PROVIDED A COPY ON THE SAME BUSINESS DAY. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE DISCRETION OF THE BOARD OF DIRECTORS AND MANAGEMENT. Form 990, Part IX, Line 11g Other Fees OTHER - Total Expense: 68146, Program Service Expense: 61555, Management and General Expenses: 6591, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Reconciling Item for Returned Grant - 10000;