F T F M Foundation Inc

The F T F M Foundation Inc is a nonprofit organization designated under section 501(c) of the US tax code, focusing on educational and charitable activities related to the horse industry. It is headquartered in Ocala, Florida.

Mission

The mission of F T F M Foundation Inc is to assist other horse-related charities that are registered as 501(c)(3) organizations and to provide scholarships for the children of individuals working in the horse industry[2][4].

Activities

The organization supports educational endeavors by awarding college scholarships, aligning with its broader goal of promoting academic opportunities for those connected to the equine sector[4]. Additionally, it aims to raise funds to support these scholarship programs and contribute to horse-related charitable causes[4].

Financial Overview

In recent years, F T F M Foundation Inc has reported varied financial performance:

• 2020: The organization reported a revenue of $5,550 and expenses of $24,000, with total assets valued at $111,000 and no liabilities[1].
• Prior Years: In earlier periods, such as 2017, the foundation had total assets of $153,056 and received significant income from fundraising efforts[1].

Governance

The organization is led by a board of directors and officers, including positions such as president, treasurer, executive director, and various directors, although none of these positions have reported compensation[1].

Classification

F T F M Foundation Inc is categorized under educational institutions and related activities, specifically within scholarships and student financial aid services, as per the National Taxonomy of Exempt Entities (NTEE)[1]. Donations to the organization are tax-deductible[1].

[1] https://projects.propublica.org/nonprofits/organizations/593700682 [2] https://www.guidestar.org/profile/59-3700682 [3] https://www.charitynavigator.org/ein/593700682 [4] https://greatnonprofits.org/org/f-t-f-m-foundation-inc [5] https://projects.propublica.org/nonprofits/organizations/593700682/202120479349201202/full