Nonprofit · EIN 59-0944678
FLORIDA THOROUGHBRED BREEDERS ASSOCIATION INC
Tax-exempt · OCALA, FL 34474
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,206,708 | $7,853,376 | -$646,668 | $7,343,952 | $621,568 | $6,722,384 |
| June 30, 2024 | 990 | $7,463,178 | $6,370,227 | $1,092,951 | $8,140,154 | $735,840 | $7,404,314 |
| June 30, 2023 | 990 | $3,166,243 | $2,914,097 | $252,146 | $6,512,648 | $201,590 | $6,311,058 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $297,477
- Membership dues
- $84,713
- Program service revenue
- $6,884,598
- Investment income
- $21,888
- Other revenue
- $2,745
Expenses
- Grants and similar amounts paid
- $5,202,772
- Compensation of officers, directors and key employees
- $562,147
- Other salaries and wages
- $491,902
- Salaries, compensation and benefits (total)
- $1,220,120
- Professional fundraising fees
- $0
- Legal fees
- $211,471
- Accounting fees
- $53,220
- Occupancy
- $32,724
- Travel
- $57,317
- Depreciation
- $54,639
Balance sheet and other
- Total assets, start of year
- $8,140,154
- Total assets, end of year
- $7,343,952
- Total liabilities, end of year
- $621,568
- Net assets, end of year
- $6,722,384
- Land, buildings and equipment
- $390,262
- Net assets without donor restrictions
- $6,722,384
- Gross receipts
- $7,207,497
- Employees
- 10
- Volunteers
- 15
- Year formed
- 1967
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LONNY T POWELL | CEO & EXECUTIVE VP Officer | 40 | $350,515 | $30,199 |
| PEGGY YOST | CFO Officer | 40 | $148,800 | $5,600 |
| STEPHEN KOCH | OPERATIONS Highest-paid employee | 40 | $128,130 | $11,370 |
| BRENT FERNUNG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGE RUSSELL | DIRECTOR THRU 10/24 Trustee or director | 1 | $0 | $0 |
| T PAUL BULMAHN | DIRECTOR THRU 10/24 Trustee or director | 1 | $0 | $0 |
| LAURINE FULLER-VARGAS | DIRECTOR THRU 10/24 Trustee or director | 1 | $0 | $0 |
| NICK DE MERIC | DIRECTOR THRU 10/24 Trustee or director | 1 | $0 | $0 |
| FRANCIS VANLENGENDONCK | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MARILYN CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSEPH M O'FARRELL III | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MILAN KOSANOVICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGE ISAACS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JERRY CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE HALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY LIGHTNER | DIRECTOR Trustee or director | 1 | $0 |
| TIFFANY ATTEBERRY DVM | DIRECTOR BEG 10/24 Trustee or director | 1 | $0 |
| BETH BAYER | DIRECTOR BEG 10/24 Trustee or director | 1 | $0 |
| COLIN BRENNAN | DIRECTOR BEG 10/24 Trustee or director | 1 | $0 |
| RICHARD HEYSEK | DIRECTOR BEG 10/24 Trustee or director | 1 | $0 |
| VALERIE DAILEY | FIRST VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| BECKIE CANTRELL | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LONNY T POWELL | CEO & EXECUT Officer | 40 | $343,800 | $29,637 |
| PEGGY YOST | CFO Officer | 40 | $130,629 | $5,600 |
| STEPHEN KOCH | OPERATIONS Highest-paid employee | 40 | $101,375 | $16,455 |
| T PAUL BULMAHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JERRY CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARILYN CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BECKIE CANTRELL | DIRECTOR- FR Trustee or director | 1 | $0 | $0 |
| VALERIE DAILEY | DIRECTOR- FR Trustee or director | 1 | $0 | $0 |
| BRENT FERNUNG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURINE FULLER-VARGAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE HALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSEPH M O'FARRELL III | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GEORGE ISAACS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BOBBY JONES | DIRECTOR THR Trustee or director | 1 | $0 | $0 |
| RICHARD KENT | DIRECTOR THR Trustee or director | 1 | $0 | $0 |
| MILAN KOSANOVICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY LIGHTNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICK DE MERIC | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GEORGE RUSSELL | 1ST VICE PRE Trustee or director, Officer | 1 | $0 | $0 |
| FRANCIS VANLENGENDONCK | 2ND VICE PRE Trustee or director, Officer | 1 | $0 | $0 |
| DR FRED YUTANI | DIRECTOR THR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LONNY T POWELL | CEO & EXECUT Officer | 40 | $318,075 | $29,624 |
| PEGGY YOST | CFO Officer | 40 | $111,731 | $7,069 |
| FRED BREI | DIRECTOR THR Trustee or director | 1 | $0 | $0 |
| T PAUL BULMAHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JERRY CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARILYN CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHIL MATTHEWS DVM | PAST PRES. T Trustee or director, Officer | 1 | $0 | $0 |
| BRENT FERNUNG | TREASURER TH Trustee or director, Officer | 1 | $0 | $0 |
| LAURINE FULLER-VARGAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE HALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSEPH M O'FARRELL III | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GEORGE ISAACS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BOBBY JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD KENT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MILAN KOSANOVICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY LIGHTNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICK DE MERIC | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GEORGE RUSSELL | 1ST VICE PRE Trustee or director, Officer | 1 | $0 | $0 |
| FRANCIS VANLENGENDONCK | 2ND VICE PRE Trustee or director, Officer | 1 | $0 | $0 |
| DR FRED YUTANI | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 801 SW 60TH AVE, OCALA, FL 34474-8593
- Principal officer (990 for 2024)
- PEGGY YOST, 801 SW 60TH AVENUE, OCALA, FL 34474
- Signed the 990
- LONNY T POWELL, CEO & EXECUTIVE VP
- Phone
- (352) 629-2160
- Website
- WWW.FTBOA.COM
- Return prepared by
- PURVIS GRAY & COMPANY LLP
Mission
TO PROMOTE THE THOROUGHBRED HORSE INDUSTRY IN THE STATE OF FLORIDA.
Program accomplishments
- PROVIDES THE ADMINISTRATION FOR THE PAYMENTS OF AWARDS TO BREEDERS OF FLORIDA-BRED HORSES THAT WIN OR PLACE AT FLORIDA RACE TRACKS. THE AWARDS ARE DETERMINED BASED ON FORMULAS ESTABLISHED BY A STATE APPROVED BREEDERS AWARD PLAN.
- REGISTRATION OF FLORIDA-BRED FOALS AND REGISTRATION OF STALLIONS STANDING AT STUD IN THE STATE OF FLORIDA.
- ADVERTISING AND PROMOTION OF THE FLORIDA HORSE INDUSTRY.
- ADMINISTRATION OF THE FLORIDA SIRE STAKES PROGRAM.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 59-0944678
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 1968
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,343,952
- Income (IRS master file)
- $7,207,497
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,206,708 | $7,853,376 | $7,343,952 | IRS |
| 990 | June 2024 | $7,463,178 | $6,370,227 | $8,140,154 | XML |
| 990 | June 2023 | $3,166,243 | $2,914,097 | $6,512,648 | XML |
| 990 | June 2022 | $2,891,430 | $2,462,379 | $6,294,766 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-0944678).
Questions about FLORIDA THOROUGHBRED BREEDERS ASSOCIATION INC
- What is the EIN of FLORIDA THOROUGHBRED BREEDERS ASSOCIATION INC?
- The employer identification number (EIN) of FLORIDA THOROUGHBRED BREEDERS ASSOCIATION INC is 59-0944678.
- Is FLORIDA THOROUGHBRED BREEDERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1968.
- Are donations to FLORIDA THOROUGHBRED BREEDERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FLORIDA THOROUGHBRED BREEDERS ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FLORIDA THOROUGHBRED BREEDERS ASSOCIATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FLORIDA THOROUGHBRED BREEDERS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FLORIDA THOROUGHBRED BREEDERS ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 names PEGGY YOST.
- Who are the officers and directors of FLORIDA THOROUGHBRED BREEDERS ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 lists 22 people; 3 received compensation from the organization, the highest $350,515 (LONNY T POWELL, CEO & EXECUTIVE VP).
- How much revenue does FLORIDA THOROUGHBRED BREEDERS ASSOCIATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,206,708, expenses of $7,853,376 and total assets of $7,343,952 at year end.
Other nonprofits in OCALA
- FLORIDA HOSPITAL OCALA INC EIN 82-4372339 · last filed 990 for 2024
- HEART OF FLORIDA HEALTH CENTER INC EIN 59-3060378 · last filed 990 for 2025
- EARLY LEARNING COALITION OF MARION COUNTY INC EIN 59-3627759 · last filed 990 for 2025
- CITRUS LEVY MARION REGIONAL WORKFORCE DEVELOPMENT BOARD INC EIN 59-3409057 · last filed 990 for 2025
- COLLEGE OF CENTRAL FLORIDA FOUNDATION INC EIN 59-6139037 · last filed 990 for 2025
- QI FAMILY FOUNDATION CORP EIN 99-4868990 · last filed 990-PF for 2025
- COLEN FAMILY CHARITABLE TR EIN 83-6802589 · last filed 990-PF for 2025
- SEACOAST HEALTH SYSTEMS INC EIN 23-2266006 · last filed 990 for 2025