Florida Thoroughbred Breeders
FLORIDA THOROUGHBRED BREEDERS is a public charity based in Ocala, Florida. It promotes Florida’s Thoroughbred horse industry through breeder and stallion award administration, registration of Florida-bred foals and stallions, industry representation, and incentive programs for breeding and racing.
Key facts about Florida Thoroughbred Breeders
In short: Florida Thoroughbred Breeders gave $3.1M across 79 grants in 2025 (avg $40K), mostly in Florida. Source: 2025 IRS Form 990.
- EIN
- 59-0944678
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $3,124,528
- Grants made (2025)
- 79
- Average grant
- $39,551
- Median grant
- $13,563
- Total assets
- $7,343,952
- Primary geography
- Florida (87% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$7.3M
-9.8% YoY
Annual Giving
$3.1M
+25.2% YoY
Grant Count
79
+41.1% YoY
Avg Grant Size
$40K
-11.2% YoY
How Florida Thoroughbred Breeders gives
Estimate from itemized grant lists in IRS Form 990 filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The organization’s stated mission is “to promote the Thoroughbred horse industry in the state of Florida.” Its filing describes administering awards to breeders of Florida-bred horses that win or place at Florida racetracks, using formulas established by a state-approved breeders’ award plan. It also registers Florida-bred foals and stallions standing at stud in Florida.
The organization’s website describes breeder awards for Florida-bred horses that finish first, second, or third in races at licensed Florida Thoroughbred racetracks, and stallion awards for eligible Florida-sired winners in Florida black-type stakes races. It also describes racing incentives for owners and breeders of eligible Florida-sired two-year-olds, as well as export incentives for breeders of registered Florida-breds that win under selected conditions at out-of-state tracks. These are industry incentive programs, not necessarily grants for outside applicants.
The filing also says the association maintains historical Thoroughbred-industry collections for public display and educational purposes.
Grantmaking
In filing year 2025, the organization reported 79 grants totaling $3,124,528. Grant amounts ranged from $5,031 to $917,000, with a median of $13,563.
Ready to take the next step with Florida Thoroughbred Breeders?
Geographic Focus
Where this funder awards grants
The 2025 grant dollars were concentrated in Florida: 87% went to recipients in that state. The reported shares for other recipient states were Massachusetts, 5%; New York, 3%; California, 2%; and Kentucky, 1%.
Grant Distribution by State
Share of all 79 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
141 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| GULFSTREAM PARK Hallandale Beach, FL | PURSE SUPPLEMENT | $917,000 |
| TAMPA BAY DOWNS INC Tampa, FL | PURSE SUPPLEMENT | $466,800 |
| OCALA STUD Ocala, FL | BREEDER/STALLION AWARDS | $211,144 |
| ARINDEL Ocala, FL | BREEDER AWARDS | $99,950 |
| LIVE OAK STUD Ocala, FL | BREEDER/STALLION AWARDS | $91,925 |
| STONEHEDGE LLC Tyngsboro, MA | BREEDER AWARDS | $90,703 |
| JUST FOR FUN STABLE INC Southwest Ranches, FL | BREEDER AWARDS | $65,116 |
| BAOMA CORP North Andover, MA | BREEDER/STALLION AWARDS | $57,769 |
| ST ELIAS STABLE LLC New York, NY | BREEDER/STALLION AWARDS | $57,175 |
| SHADYBROOK FARM INC Morriston, FL | BREEDER AWARDS | $56,572 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $7,343,952 | $7,206,708 | $7,853,376 | $3,124,528 |
| 2024 | $8,140,154 | $7,463,178 | $6,370,227 | $2,494,818 |
| 2023 | $6,512,648 | $3,166,243 | $2,914,097 | $711,500 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $7,343,952 | $8,140,154 | $6,512,648 |
| Revenue | $7,206,708 | $7,463,178 | $3,166,243 |
| Expenses | $7,853,376 | $6,370,227 | $2,914,097 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $21,888 | $27,530 | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS March 10, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists George Isaacs as president, Francis Vanlengendonck as second vice president, and Joseph M. O’Farrell III as treasurer. Directors listed include Brent Fernung, Marilyn Campbell, Milan Kosanovich, and George Russell, T. Paul Bulmahn, Laurine Fuller-Vargas, and Nick De Meric, each marked as director through October 2024.
Florida Thoroughbred Breeders is led by Lonny T. Powell, CEO & Executive Vice President since 2025 (on filings since 2019); 3 of 22 officers listed in 2025 are compensated.
Officers on the 2025 filing
Lonny T. Powell
CEO & Executive Vice President
CEO & Executive → CEO & Executive Vice President, 2025
On filings since 2019
40 hrs/week
$280K (2019) → $351K (2025)
George Isaacs
President
Secretary → 1st Vice President, 2022
1st Vice President → President, 2023
On filings since 2019
1 hr/week
No compensation reported
Brent Fernung
Director
Treasurer → Treasurer Th, 2023
Treasurer Th → Director, 2024
On filings since 2019
1 hr/week
No compensation reported
George Russell
Director
2nd Vice President → 1st Vice President, 2023
1st Vice President → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Laurine Fuller-Vargas
Director
On filings since 2019
1 hr/week
No compensation reported
Milan Kosanovich
Director
On filings since 2019
1 hr/week
No compensation reported
Nick De Meric
Director
Director → Secretary, 2023
Secretary → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
T. Paul Bulmahn
Director
On filings since 2019
1 hr/week
No compensation reported
Marilyn Campbell
Director
On filings since 2020
1 hr/week
No compensation reported
Jerry Campbell
Director
On filings since 2023
1 hr/week
No compensation reported
Mary Lightner
Director
On filings since 2023
1 hr/week
No compensation reported
Mike Hall
Director
On filings since 2023
1 hr/week
No compensation reported
Beth Bayer
Director
New on the 2025 filing
1 hr/week
No compensation reported
Colin Brennan
Director
New on the 2025 filing
1 hr/week
No compensation reported
Richard Heysek
Director
New on the 2025 filing
1 hr/week
No compensation reported
Tiffany Atteberry Dvm
Director
New on the 2025 filing
1 hr/week
No compensation reported
Peggy Yost
CFO
On filings since 2019
40 hrs/week
$85K (2019) → $149K (2025)
Stephen Koch
Operations
On filings since 2024
40 hrs/week
$101K (2024) → $128K (2025)
Francis Vanlengendonck
2nd Vice President
Director → 2nd Vice President, 2023
On filings since 2019
1 hr/week
No compensation reported
Valerie Dailey
First Vice President
President → Director- Fr, 2024
Director- Fr → First Vice President, 2025
On filings since 2019
1 hr/week
No compensation reported
Joseph M. O'Farrell III
Treasurer
Director → Secretary, 2021
Secretary → Treasurer, 2023
On filings since 2020
1 hr/week
No compensation reported
Beckie Cantrell
Secretary
Director- Fr → Secretary, 2025
On filings since 2024
1 hr/week
No compensation reported
Former officers (8)
- Former: Bobby Jones (2019–2024) — Director Thr
- Former: Fred Yutani (2019–2024) — Director Thr
- Former: Richard Kent (2019–2024) — Director Thr
- Former: Phil Matthews Dvm (2019–2023) — Past President T
- Former: Fred Brei (2021–2023) — Director Thr
- Former: Barry Berkelhammer (2019–2020) — Director
- Former: Greg Wheeler (2019–2020) — President
- Former: Caroline Davis (2019) — Exiting CFO
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
Contact
Mailing address: 801 Sw 60Th Avenue, Ocala, FL 34474
Phone: (352) 629-2160
Website: https://ftboa.com
Frequently asked questions about Florida Thoroughbred Breeders
How much does Florida Thoroughbred Breeders give each year?
Florida Thoroughbred Breeders gave $3.1M across 79 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $2.5M across 56 grants.
What is Florida Thoroughbred Breeders's typical grant size?
Florida Thoroughbred Breeders's median grant in 2025 was $13,563, and its average grant was $39,551, across 79 grants on its 2025 IRS Form 990.
Where does Florida Thoroughbred Breeders give grants?
Florida Thoroughbred Breeders gives mostly in Florida: 87% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest state was Massachusetts (5%). The most frequent recipient cities were Ocala, FL (22 grants), Morriston, FL (7 grants), Tampa, FL (3 grants) and North Palm Beach, FL (2 grants).
Does Florida Thoroughbred Breeders give general operating support?
Not in 2025: none of the 79 grants with a stated purpose on Florida Thoroughbred Breeders's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Breeder Awards" (68 grants), "Breeder/Stallion Awards" (5 grants) and "Stallion Awards" (4 grants).
Who are Florida Thoroughbred Breeders's largest grantees?
Florida Thoroughbred Breeders's largest 2025 grantees include Gulfstream Park ($917,000), Tampa Bay Downs Inc ($466,800) and Ocala Stud ($211,144), according to its 2025 IRS Form 990. Together they received 51% of its itemized 2025 grant dollars.
How large is Florida Thoroughbred Breeders?
Florida Thoroughbred Breeders reported $7.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $7.2M.
What does Florida Thoroughbred Breeders fund?
The organization’s stated mission is “to promote the Thoroughbred horse industry in the state of Florida.” Its filing describes administering awards to breeders of Florida-bred horses that win or place at Florida racetracks, using formulas established by a state-approved breeders’ award plan. It also registers Florida-bred foals and stallions standing at stud in Florida. The organization’s website describes breeder awards for Florida-bred horses that finish first, second, or third in races at l…
How do I apply for a grant from Florida Thoroughbred Breeders?
In filing year 2025, the organization reported 79 grants totaling $3,124,528. Grant amounts ranged from $5,031 to $917,000, with a median of $13,563. The largest reported grants included $917,000 to Gulfstream Park for purse supplements and $466,800 to Tampa Bay Downs for purse supplements. Other large awards included $211,144 to Ocala Stud for breeder/stallion awards, $99,950 to Arindel for breeder awards, and $91,925 to Live Oak Stud for breeder/stallion awards.
What is Florida Thoroughbred Breeders's EIN?
Florida Thoroughbred Breeders's EIN (Employer Identification Number) is 59-0944678. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Here's the math on researching Florida Thoroughbred Breeders by hand.
Explore Open Grants
Browse active grant opportunities in Florida Thoroughbred Breeders's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
RFS Foundation
Bryan, TX
Assets
$42K
Grants
11
Total Given
$82K
Austin Community Foundation Inc
Austin, TX
Austin Community Foundation funds nonprofits and public efforts in areas including education, arts, health, human services, community development, and the environment, primarily across six Central Texas counties. Its 2024 grants had a median of $20,000, though amounts varied widely; the profile does not state whether it accepts unsolicited requests.
Assets
$556.3M
Grants
764
Total Given
$54.7M
Effie and Wofford Cain Foundation
Austin, TX
The Effie and Wofford Cain Foundation supports a varied mix of Texas organizations, including higher education, mental health, arts, and community and civic groups; 98% of its 2025 grant dollars went to Texas. Its 58 grants ranged from $2,000 to $2.6 million, with a median of $15,000. It does not accept unsolicited grant applications.
Assets
$108.6M
Grants
58
Total Given
$6.0M
Publix Super Markets Charities Inc
Lakeland, FL
Publix Super Markets Charities supports nonprofits addressing hunger, homelessness and housing, youth, education, and community needs in Florida, Georgia, Alabama, North Carolina, South Carolina, Tennessee, Virginia, and Kentucky. Its 2024 median grant was $2,500, though awards ranged widely; it accepts online requests from eligible organizations, with application periods varying by program.
Assets
$233.8M
Grants
3,269
Total Given
$52.5M
The Community Foundation for
Jacksonville, FL
The Community Foundation for Northeast Florida supports neighborhood strengthening, nonprofit capacity, education, aging adults, the arts, women and girls, young children, and early literacy, primarily in Baker, Clay, Duval, Nassau, St. Johns, and Putnam counties. Its 2024 median grant was $5,000; Program Support grants are available up to $25,000. It accepts applications for competitive grant programs, while donor-advised grants do not accept applications.
Assets
$708.7M
Grants
2,470
Total Given
$78.0M
The Community Foundation of Sarasota CO
Sarasota, FL
The Community Foundation of Sarasota County funds nonprofits working in areas including human services, education, arts, health, economic stability, animal welfare, and community resilience. Its typical grants are around $10,000–$25,000, with a 2025 median of $18,798, for programs serving Sarasota, Manatee, Charlotte, or DeSoto County. The profile does not state whether it accepts unsolicited requests.
Assets
$518.5M
Grants
540
Total Given
$41.2M
The Miami Foundation Inc
Miami, FL
The Miami Foundation funds nonprofits working on Greater Miami community priorities, including youth and families, economic opportunity, arts, health, equity, and climate resilience. Its 2023 grants had a median award of $21,585, though amounts vary widely; its grantmaking is focused on Miami-Dade County.
Assets
$525.0M
Grants
879
Total Given
$57.2M
Early Learning Coalition of Broward
Fort Lauderdale, FL
The Early Learning Coalition of Broward funds child care reimbursement and early-learning providers, including programs supporting child care and preschool, primarily in Broward County, Florida. Its 2025 grants ranged from $5,127 to $3,994,863, with a median of $158,921. The profile does not state whether it accepts unsolicited requests.
Assets
$15.9M
Grants
636
Total Given
$152.2M
Leslie L Alexander Foundation Inc
Delray Beach, FL
The Leslie L Alexander Foundation supports animal rescue, education, children’s services, and other charitable work. In 2024, grants ranged from $600 to $1 million, with a median of $35,000; giving was concentrated in Florida and Texas, with awards also made elsewhere. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$291.4M
Grants
622
Total Given
$28.4M
Community Foundation of Tampa Bay Inc
Tampa, FL
The Community Foundation of Tampa Bay funds nonprofits addressing economic opportunity, environmental sustainability, health, education, and community vitality in Hillsborough, Pinellas, Pasco, Hernando, and Citrus counties. Its annual competitive grants are typically $10,000–$50,000; it also accepts year-round requests for urgent, unforeseen needs of up to $250,000. Apply through the relevant grant opportunity; the profile does not state whether general unsolicited requests are accepted.
Assets
$1.0B
Grants
698
Total Given
$54.3M
Gulf Coast Community Foundation Inc
Venice, FL
Gulf Coast Community Foundation funds arts and culture, civic and economic development, education, the environment, health and human services, and disaster response, with a focus on its Florida service area. Community grants provide up to $25,000 per organization per fiscal year; larger catalytic grants are available, and 2025 grants had a median of $16,251. It accepts unsolicited requests through scheduled Community Grant cycles; catalytic grants start with a letter of inquiry, and initiative grants are by invitation only.
Assets
$533.7M
Grants
651
Total Given
$45.0M
CSX Foundation Inc
Jacksonville, FL
Assets
$9.7M
Grants
607
Total Given
$13.7M
More Funders in Florida
Florida Thoroughbred Breeders down — hundreds of funders to go?