Thoroughbred Athletes Inc.
2851 S Midwest Blvd.
Guthrie OK 73044
Tax Exempt Status Public Supported Charity
Mission Statement
Our mission is to rehabilitate, retrain, and rehome Thoroughbred racehorses and offer community youth the opportunity to experience the process.
Youth Program participants
Contact Information
Contact Name Lynn Sullivan
Contact email Lynn@thoroughbred-athletes.com
Address 2851 S Midwest Blvd.
Guthrie, OK 73044
Phone (405) 802-1312
County Logan County
How to Give
Other ways to donate, support or volunteer We accept checks, PayPal credit card payments.  Volunteers are always welcome and participation in the Work to Ride program is encouraged.  You can also provide income to Thoroughbred Athletes with the following methods:Gift of Happiness- Select Thoroughbred Athletes, Inc as your charity and we will automatically receive a percentage of every sale!
http://www.giftofhappiness.org/shop/fund/tbathletes

Ebay - Select Thoroughbred Athletes, Inc as your charity and we will automatically receive a percentage of all sales.
http://givingworks.ebay.com/charity-auctions/charity/thoroughbred-athletes-inc/69021/


iGive.com:  Shopping site which donates proceeds to your favorite charity.  Select Thoroughbred Athletes, Inc.
http://www.igive.com/thoroughbred-athletes

Shop for Your Cause-  Amazon purchases, as well as others, can be placed through Shop for Your Cause which provides a percentage of the purchase to your cause.  Please select Thoroughbred Athletes, Inc. as your cause!
http://www.shopforyourcause.com/

Cafepress:  Order items with Sport of Kings or Thoroughbred Athletes logs as well as custom items at:
http://www.cafepress.com/thoroughbred_athletes
Financial Summary
 
 
Projected Revenue $200,000.00
Projected Expenses $188,000.00
History and Background
Supported Organization Thoroughbred Athletes, Inc.
Year Founded 2011
IRS Ruling Year 2012
State Registration Expiration Mar 2015
Statements
Mission
Our mission is to rehabilitate, retrain, and rehome Thoroughbred racehorses and offer community youth the opportunity to experience the process.
Background Thoroughbred Athletes is the brainchild of director Lynn Sullivan.  Her work as a thoroughbred race track trainer coupled with work with Job Corps youth developed into a plan to bring these two critical needs together.  Opened in 2010 and incorporated in 2011, Thoroughbred Athletes received their official 501c3 status in 2012.
Impact
Our top accomplishments from the past year include:
  • Accreditation by the Thoroughbred Aftercare Alliance
  • Placing approximately 50 horses into permanent homes
  • The success of The Sport of Kings Challenge, a three-show series that our is our most important fund-raiser and develops retirement options for Thoroughbred racehorses
Our goals include:
  • continued development of our youth program
  • improved ventilation in our quarantine barn
  • expansion of our volunteer base
Needs
CEO/Executive Director Statement Thoroughbred Athletes, Inc. offers a dual purpose to the community. The thoroughbreds joining the program benefit from the retraining process given by the Work-to-Ride Program. The Work-to-Ride program is a program designed to help youth by providing them the avenue to pursue their riding goals without the cost of ownership. It gives the youth a place to learn valuable work ethics by taking care of the thoroughbreds in the program, allows the opportunity to receive riding lessons and exposure to clinicians, and builds team building skills. The two fold mission of the Thoroughbred Athletes organization has proven to be very valuable to both the thoroughbreds and the youth within the program. Week-long camps are provided during the Summer for the youth free of charge to allow them concentrated time of learning and ends the week with a show for them to experience showing in a public venue. Our strategic goals for the next 5 years center on building the Youth Program to offer more opportunities to the at risk youth in the Oklahoma City metro area. This will give these youth a sense of purpose while greatly benefiting the horses in need.
Board Chair Statement Thoroughbred Athletes has celebrated an increase of participation from the community as people understand our mission.  Our strategic goals include growth in areas to serve more of the community youth through our Work to Ride program.  Partnering with the local law enforcement, Thoroughbred Athletes welcomes first time non violent offenders to our program.  Job Corps has been another source of bringing at risk youth into our program.  Our hope is they will remain in the program giving these youth a new goal and purpose in their life.
Area Served
Area Served
Geographic Area Served
National
Although our primary focus has been horses in Oklahoma, Texas, and Arkansas, Thoroughbred Athletes is available to assist any Thoroughbred needing assistance and retraining. We also are open to adoptions with approved application nationwide
Service Categories
Secondary Organizational Category Animal Related/Animal Training
Tertiary Organizational Category Youth Development/Youth Development-Agricultural
Programs
Description Thoroughbred Athletes offers Thoroughbred race horses a new beginning after their racing career is over. They are rehabilitated if they have injuries, and are carefully trained for their new career after the track, and offered for adoption to qualified homes.
Strategy
Population Served General/Unspecified
Program Short-term SuccessHelpDescription of short-term achievement(s) or improvement(s) that will result from this program. Offering ex race horses a fresh start at a new career and new home.
Program Long-term SuccessHelpDescription of the ultimate change(s) that will result from this program. This may be far into the future or represent an ideal state. Matching horses with new owners in new careers, and watching them thrive.
Program Success MonitoringHelpDescription of the tools used to measure or track program impact. The quantity of successfully rehomed horses.
Examples of Program SuccessHelpSpecific examples of changes in behaviors or testimonies of changes that demonstrate program success. Thoroughbred Athletes, Inc. experiences an average of 2 horses per month adopted into new homes with new careers.
Description A program that offers interested parties the opportunity to learn training techniques, and develop skills that will enable them to find work in equestrian fields. We offer at risk youth, and juvenile offenders the opportunity to turn their lives around, and develop skills that will enable them to find employment.
Strategy
Population Served Adolescents Only (13-19 years) Offenders/Ex-Offenders General/Unspecified
Program Short-term SuccessHelpDescription of short-term achievement(s) or improvement(s) that will result from this program. Observation of the bond that develops between horse and rider, and the trust that must be reciprocated in order to succeed.
Program Long-term SuccessHelpDescription of the ultimate change(s) that will result from this program. This may be far into the future or represent an ideal state. Assisting with the development of work ethic, and riding ability with troubled youngsters, and assisting them with their own rehabilitative journey.
Program Success MonitoringHelpDescription of the tools used to measure or track program impact. Successful adoptions, and rehoming of trained horses and high school graduation of Work to Ride participants.
Examples of Program SuccessHelpSpecific examples of changes in behaviors or testimonies of changes that demonstrate program success. The Work to Ride program has experienced an upsurge of participants with the inclusion of first offenders and Job Corps youth participation. Successful program is achieved when the youth in the program progress through school to graduation.
Comments on Programs
CEO/Executive Director/Board Comments Providing an atmosphere that attracts at risk youth to our program is a major goal for Thoroughbred Athletes.  The program has show to be very beneficial to both the horses and the youth.  The school schedules of youth provide a challenge.  Providing a place for them to work with the horses in a climate conducive to learning techniques of handling horses out of the severe Oklahoma climate must be provided.  This allows the youth to feel like they have a place to come to, no matter what the weather. 
CEO/Executive Director
CEO/Executive Director Lynn Sullivan
Start Date Jan 2012
Email lynn@thoroughbred-athletes.com
Experience Lynn Sullivan obtained her racehorse trainer’s in 1978. In 1982, Lynn took a break from racehorse training to raise her children, provide riding lessons, and working with show horses. Her goal of retraining retired racehorses for sport horses was the basis of her dream. While working with at risk youth with the Job Corps, she saw the perfect opportunity to bring assistance to two needed groups. She formed Thoroughbred Athletes, Inc. in 2010. Incorporation was achieved in 2011 with 501c3 status received after the incorporation. Having a natural ability to motivate youth, Lynn began the Work to Ride program. This program allows young people to learn valuable work ethics, compassion and patience working with the horses and a sense of belonging to an organization that cares. Bringing two of her passions together has been the foundation of Thoroughbred Athletes, Inc.
Staff
Number of Full-time Staff 1
Number of Part-time Staff 0
Number of Contract Staff 0
Number of Volunteers 8
Staff Retention Rate 100
Are professional development opportunities provided? No
Does CEO/Executive Director have formal evaluations? No
Management reports to board? Yes
Staff Demographics - Ethnicity
Caucasian 1
Staff Demographics - Gender
Female 1
Organizational Plans
Fundraising Plan Yes
Policy against commission-based compensation for fundraising consultant No
Communication Plan No
Strategic Plan Yes
Number of Years Strategic Plan Considers 1
Date Strategic Plan Adopted Apr 2014
Management Succession Plan Yes
Organization Policies and Procedures Yes
External Assessments and Accreditations
Assessment/AccreditationYear
Thoroughbred Aftercare Alliance2014
Awards
Awards
Award/RecognitionOrganizationYear
Top-Rated NonprofitGreatNonprofits.org2014
Risk Management Provisions
Commercial General Liability and D and O and Umbrella or Excess and Automobile and Professional
Government Licenses
Is your organization licensed by the government (federal, state and/or local)? No
Comments on Staff & Management
CEO/Executive Director/Board Comments Thoroughbred Athletes, Inc. has submitted application through Thoroughbred Aftercare Alliance, a national program designed to ensure the credibility of thoroughbred retraining and re-homing programs.  This comprehensive program requires in depth documentation to ensure the welfare of these animals.  Final inspection and determination is scheduled for October, 2014.

Due to the limited formal staffing, Thoroughbred Athletes has no formal training plan for employees.  However, the youth participating in the Work to Ride program are offered mentoring in many areas throughout the business.  Youth interested in careers in photography have been offered the opportunity to showcase their work at Thoroughbred Athletes activities.  Further offering in general office skills, general accounting, and marketing venues are offered to participants interested in these areas.   
Other Documents
Board Chair
Name
Company Affiliation Community Volunteer
Term Dec 2014 to Dec 2015
Email jdokie@sbcglobal.net
Board of Directors
List Current as of Aug 01, 2014
Board of Directors List
NameAffiliationStatus
Board Demographics - Ethnicity
Caucasian 5
Board Demographics - Gender
Male 1
Female 4
Governance
Board Term Lengths 1 years
Percentage of Board Making Monetary Contributions to the Organization 75 %
Percentage of Board Making In-Kind Contributions to the Organization 100 %
Board Orientation Yes
Constituency Includes Client Representation Yes
Written Board Selection Criteria? Under Development
Advisory Board
Advisory Board Members
NameAffiliation
Chad Baumwart
Michelle Dodd
Emelie Lesher
Grace Ritcher
Comments on Board & Governance
CEO/Executive Director/Board Comments Thoroughbred Athletes experiences a very successful and active board of directors.  Sharing the same vision, the board of directors are in communication on a daily and weekly basis.  The board of directors realizes that due to the growth of the organization, the board needs to increase it's member standings.  Selection criteria is under development at this time to ensure the same vision and goals are shared by additional board members.  We look forward to increasing the number of board members and fill the vice president position by the end of the first quarter of 2015.
Foundation Staff Comments Em
Current Fiscal Year
Fiscal Year Jan 01, 2015-Dec 31, 2015
Current Year Budgeted Total Income $200,000
Current Year Budgeted Total Expenses $188,000
Financial Documents
IRS Letter of Determination
Prior Three Years' Financial History
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201420132012
Contributions------
Foundation and
Corporation Contributions
------
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$212,360$54,768$17,500
------
--$6,000--
Investment Income, Net of Losses------
Unrealized Gain/Loss------
Membership Dues------
Special Events$25,170--$2,000
Revenue In-Kind------
Other------
Expense Allocation
Fiscal Year201420132012
Program Expense$133,898$48,500$15,320
Administration Expense$12,520$5,525$3,260
Fundraising Expense$42,036$3,000$1,500
Payments to Affiliates------
Total Revenue/Total Expenses1.261.070.97
Program Expense/Total Expenses71%85%76%
Fundraising Expense/Contributed Revenue18%5%8%
Assets and Liabilities
Fiscal Year201420132012
Total Assets$52,669$3,593($150)
Current Assets$28,095$575--
Long-Term Liabilities------
Current Liabilities------
Total Net Assets$52,669$3,593($150)
Solvency
Short Term Solvency
Fiscal Year201420132012
Current Ratio: Current Assets/Current Liabilities------
Long Term Solvency
Fiscal Year201420132012
Long-Term Liabilities/Total Assets0%0%--
Funding Sources
Top Funding Sources
Fiscal Year201420132012
Top Funding Source & Dollar AmountIndividuals $212,360Individuals $54,768Individuals $17,500
Second Highest Funding Source & Dollar AmountSpecial Events $25,170Earned Revenue $6,000Special Events $2,000
Third Highest Funding Source & Dollar Amount -- -- --
Endowment? No
Endowment Spending Policy Income Only
Credit Line? Yes
Reserve Fund? Yes
Capital Campaign
Currently in a Capital Campaign? Yes
Campaign Purpose Thoroughbred Athletes, Inc. is working towards building an indoor arena to better serve our Youth Program during inclement weather and expand our after-school programs. In addition, the arena will provide generated revenue for the program by sponsoring clinics, indoor shows, and arena rental time providing a self sustainable income source.
Campaign Goal $242,000
Campaign Dates Mar 2015 to Mar 2017
Amount Raised To Date $0 as of Mar 2015
Capital Campaign Anticipated in Next Five Years? Yes
Comments on Financials
CEO/Executive Director/Board Comments Financial review by independent organization has been accomplished.  In addition, a Financial Policy has been adopted by Thoroughbred Athletes, Inc. 
Foundation Staff Comments
All prior year financial information is from IRS Form 990s. 
 
Address 2851 S Midwest Blvd.
Guthrie, OK 73044
Primary Phone 405 802-1312
CEO/Executive Director Lynn Sullivan
Board Chair Company Affiliation Community Volunteer