TY 2020 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-1150

2020

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
FLORIDA THOROUGHBRED FARM MANAGERS
INC

Number and street (or P. O. box, if mail is not delivered to street address)85 SW 52ND AVE UNIT 500
Room/suite

City or town, state or province, country, and ZIP or foreign postal code OCALA, FL34474

D Employer identification number

59-3170467

E Telephone number

(352) 401-3535

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? TO PROMOTE COOPERATION AND UNDERSTANDING AMONG FARM MANAGERS, AND TO PROMOTE AND PROTECT THEIR PROFESSIONAL INTERESTS.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 RAISE EDUCATIONAL AWARENESS OF FARM MANAGERS AND OWNERS TO KEEP UP WITH CURRENT TECHNOLOGICAL ADVANCES IN THE EQUINE INDUSTRY. (Grants $ ) If this amount includes foreign grants, check here ...		28a
29 RAISE FUNDS FOR ASSISTANCE TO PERSONS IN THE EQUINE INDUSTRY DURING TIMES OF NEED, SUCH AS STORM VICTIMS, INJURIES, ETC. (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 ASSIST WITH FUNDING FOR LOCAL COMMUNITY PROGRAMS AND LOCAL CHARITABLE ORGANIZATIONS. (Grants $ ) If this amount includes foreign grants, check here ...		30a
TO INFORM MEMBERS OF ADVANCES IN EQUINE TECHNOLOGY, OF ACTIVITIES OF THE ORGANIZATION AND PROVIDE NAMES AND ADDRESSES OF PEOPLE AND ORGANIZATIONS WHICH SUPPORT THE ORGANIZATION'S PROGRAMS. (Grants $ ) If this amount includes foreign grants, check here ...
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation
BOBBY JONES CHAIRMAN	4.00	0
JIM SCOTT PRESIDENT	8.00	0
BILL RAINBOW VICE PRESIDE	1.00	0
GEORGE G ISAACS TREASURER	10.00	0
BILL BAZZELL DIRECTOR	1.00	0
KEN BREITENBECKER DIRECTOR	4.00	0
DEBRA WOJACK EXECUTIVE DI	40.00	65,532	12,488

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation

Return Reference	Explanation
FORM 990-EZ, PART I, LINE 8	CREDIT CARD REWARDS 41 TOTAL 41
FORM 990-EZ, PART I, LINE 16	EXPENSES ADVERTISING 300 BOARD MEETINGS 208 EDUCATIONAL SEMINARS 2,298 INSURANCE 1,363 OFFICE EXPENSES 135 OFFICE SUPPLIES 2,202 TAXES & LICENSES 186 WEBSITE 924 ROUNDING -1 NON-INVESTMENT DEPRECIATION 499 TOTAL 8,114
FORM 990-EZ, PART II, LINE 24	COMPUTER EQUIPMENT 5,757 3,827 LESS ACCUMULATED DEPRECIATION 3,510 2,079 FURNITURE & FIXTURES 1,223 1,223 LESS ACCUMULATED DEPRECIATION 1,223 1,223 SECURITY DEPOSIT 3,500 3,500 TOTAL 5,747 5,248
FORM 990-EZ, PART II, LINE 26	VISA CREDIT CARD 426 116
FORM 990-EZ, PART III	TO PROMOTE COOPERATION AND UNDERSTANDING AMONG FARM MANAGERS, AND TO PROMOTE AND PROTECT THEIR PROFESSIONAL INTERESTS.
FORM 990-EZ, PART III, LINE 31	TO INFORM MEMBERS OF ADVANCES IN EQUINE TECHNOLOGY, OF ACTIVITIES OF THE ORGANIZATION AND PROVIDE NAMES AND ADDRESSES OF PEOPLE AND ORGANIZATIONS WHICH SUPPORT THE ORGANIZATION'S PROGRAMS.

Return Reference

Explanation

FORM 990-EZ, PART I, LINE 8

CREDIT CARD REWARDS 41 TOTAL 41

FORM 990-EZ, PART I, LINE 16

EXPENSES ADVERTISING 300 BOARD MEETINGS 208 EDUCATIONAL SEMINARS 2,298 INSURANCE 1,363 OFFICE EXPENSES 135 OFFICE SUPPLIES 2,202 TAXES & LICENSES 186 WEBSITE 924 ROUNDING -1 NON-INVESTMENT DEPRECIATION 499 TOTAL 8,114

FORM 990-EZ, PART II, LINE 24

COMPUTER EQUIPMENT 5,757 3,827 LESS ACCUMULATED DEPRECIATION 3,510 2,079 FURNITURE & FIXTURES 1,223 1,223 LESS ACCUMULATED DEPRECIATION 1,223 1,223 SECURITY DEPOSIT 3,500 3,500 TOTAL 5,747 5,248

FORM 990-EZ, PART II, LINE 26

VISA CREDIT CARD 426 116

FORM 990-EZ, PART III

TO PROMOTE COOPERATION AND UNDERSTANDING AMONG FARM MANAGERS, AND TO PROMOTE AND PROTECT THEIR PROFESSIONAL INTERESTS.

FORM 990-EZ, PART III, LINE 31

TO INFORM MEMBERS OF ADVANCES IN EQUINE TECHNOLOGY, OF ACTIVITIES OF THE ORGANIZATION AND PROVIDE NAMES AND ADDRESSES OF PEOPLE AND ORGANIZATIONS WHICH SUPPORT THE ORGANIZATION'S PROGRAMS.

Person Name	Explanation
BOBBY JONES
JIM SCOTT
BILL RAINBOW
GEORGE G ISAACS
BILL BAZZELL
KEN BREITENBECKER
DEBRA WOJACK

Person Name

Explanation

BOBBY JONES

JIM SCOTT

BILL RAINBOW

GEORGE G ISAACS

BILL BAZZELL

KEN BREITENBECKER

DEBRA WOJACK

1	Contributions, gifts, grants, and similar amounts received ....................	1
2	Program service revenue including government fees and contracts ................	2
3	Membership dues and assessments .............................	3	3,439
4	Investment income ....................................	4	453
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	57,864
c	Less: direct expenses from gaming and fundraising events ...	6c	6,866
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d	50,998
7a	Gross sales of inventory, less returns and allowances ......	7a	99,246
b	Less: cost of goods sold .............	7b	17,832
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c	81,414
8	Other revenue (describe in Schedule O) ....................	8	41
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	136,345

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	9,638
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	161,041
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	170,679

Sign Here

	Signature of officer	Date

	Type or print name and title

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

(i) Name and address of individual or entity (fundraiser)	(iii) Did fundraiser have custody or control of contributions?
	Yes	No










Total . . . . . . . . . . . . . . . . . . . .

10	Grants and similar amounts paid (list in Schedule O) ................	10	2,162
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12	84,829
13	Professional fees and other payments to independent contractors ............	13	3,579
14	Occupancy, rent, utilities, and maintenance ...................	14	26,820
15	Printing, publications, postage, and shipping ...................	15	1,203
16	Other expenses (describe in Schedule O) ...................	16	8,114
17	Total expenses. Add lines 10 through 16 .................	17	126,707

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