2024-10-01T10:39:11-05:00 2023-12-31 222138828 LEONARD C GREEN & CO PA 900 ROUTE 9 WOODBRIDGE NJ 07095 990 2023-01-01 133132741 THOROUGHBRED RETIREMENT FOUNDATION INC THOR 5182260028 PO BOX 834 SARATOGA SPRINGS NY 12866 PAT STICKNEY PRINCIPAL 5182260028 2024-09-27 1 1 LEONARD C GREEN P00226901 7326345100 2024-09-27 2023 2024-10-15 13:58:12Z PAT STICKNEY PO BOX 834 SARATOGA SPRINGS NY 12866 4060376 0 X WWW.TRFINC.ORG X 1982 NY RESCUE OF UNWANTED THOROUGHBRED HORSES AND RE-ENTRY ORIENTED PROGRAM FOR INMATES. 11 11 16 0 0 0 1761096 2342647 0 0 5746 549747 134411 69998 1901253 2962392 0 0 0 0 847045 928876 0 0 450379 1403818 1472558 2250863 2401434 -349610 560958 10103014 11563679 238567 240793 9864447 11322886 X RESCUE OF UNWANTED THOROUGHBRED HORSES AND RE-ENTRY ORIENTED PROGRAM FOR INAMTES. 0 0 1561423 VOCATIONAL TRAINING PROGRAM IN HORSE CARE FOR INMATES. EARLY IN THE THOROUGHBRED RETIREMENT FOUNDATION'S HISTORY MONIQUE S. KOEHLER, FOUNDER AND CHAIRMAN OF THE BOARD, NEGOTIATED A MILESTONE AGREEMENT WITH THE STATE OF NEW YORK DEPARTMENT OF CORRECTIONAL SERVICES. IN EXCHANGE FOR LAND USE AND LABOR AT THE STATE'S WALKILL CORRECTIONAL FACILITY, THE THOROUGHBRED RETIREMENT FOUNDATION WOULD DESIGN, STAFF AND MAINTAIN A VOCATIONAL TRAINING PROGRAM IN EQUINE CARE AND MANAGEMENT FOR INMATES. THIS UNIQUE PROGRAM HAS BEEN REPLICATED IN CALIFORNIA, KENTUCKY, FLORIDA, SOUTH CAROLINA, ILLINOIS, VIRGINIA, AND MARYLAND. THIS IS A VOCATIONAL TRAINING PROGRAM IN EQUINE CARE AND MANAGEMENT FOR INMATE-STUDENTS MARKETABLE SKILLS FOR EMPLOYMENT UPON RELEASE FROM PRISON. THIS PROGRAM IS UNIQUE IN THAT IT SAVES THOROUGHBRED HORSES NO LONGER ABLE TO COMPETE ON THE RACETRACK FROM POSSIBLE NEGLECT, ABUSE AND SLAUGHTER AND MATCHES THEM WITH INMATE-STUDENTS ALSO SEEKING A SECOND CHANCE. EQUINE RESCUE AND REHABILITATION. THE VAST MAJORITY OF THE GENERAL PUBLIC AND MANY RACING FANS ARE UNAWARE OF THE SAD FATE THAT AWAITS THOUSANDS OF THOROUGHBREDS EACH YEAR. THEY ASSUME EACH ANIMAL IS ASSURED A SAFE HUMANE RETIREMENT. UNFORTUNATELY, IT IS A PERCEPTION THAT DOES NOT REFLECT REALITY. REALITY IS THE THOROUGHBRED INDUSTRY, OUTSIDE THE CIRCUIT OF HIGH PROFILE, HIGH DOLLAR RACES, IS MADE UP LARGELY OF OWNERS WITH ONLY MODEST RESOURCES. CURRENT ECONOMICS DICTATE THAT AMONT ALL OWNERS, NO MATTER HOW RESPONSIBLE AND WELL INTENDED, ONLY A FEW MAINTAIN EVEN A SINGLE THOROUGHBRED ONCE IT IS UNABLE TO EARN ITS KEEP ON THE TRACK. REALITY IS A WORLD WHERE HORSEMEAT IS IN DEMAND IN MANY FOREIGN COUNTRIES AND THERE ARE SEVERAL SLAUGHTERHOUSES IN CANADA AND MEXICO HAPPY TO CREATE SUPPLY. THOROUGHBRED RETIREMENT FOUNDATION OFTEN HAS TO TRANSPORT HORSES IN DESPERATE NEED AND THEN PROVIDE EXTRA CARE TO GET THEM BACK TO HEALTH. THOROUGHBRED RETRAINING AND ADOPTION PROGRAM. MANY OF THE HORSES RESCUED BY THE THOROUGHBRED RETIREMENT FOUNDATION OR RETIRED TO THE THOROUGHBRED RETIREMENT FOUNDATION ARE HEALTHY AND ABLE TO HAVE "SECOND CAREERS" AS PLEASURE OR SHOW-HORSES. THESE HORSES ARE EVALUATED AND RETRAINED BY THOROUGHBRED RETIREMENT FOUNDATION EMPLOYEES SO THAT WE KNOW THE HORSE'S CAPABILITIES AND CAN PLACE THE HORSE IN A LONG TERM SUCCESSFUL ADOPTION. 1561423 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 48 0 1 16 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY MD FL ND NJ VA SC IA NE IL AL AZ AR X X X CHERYL TANNER 5182260028 PO BOX 834 SARATOGA SPRINGS NY 12866 STEPHANIE BRENNAN DIRECTOR 0.00 X 0 0 0 NICHOLAS MEITTINIS DIRECTOR 0.00 X 0 0 0 JOHN B CANNIE ESQ PRESIDENT 0.00 X X 0 0 0 LARRY HOLMES TREASURER 0.00 X X 0 0 0 KELSEY MARSHALL HUGHES DIRECTOR 0.00 X 0 0 0 PATRICK MACKAY CHAIRMAN 0.00 X X 0 0 0 MAGGIE WOLFENDALE MORLEY DIRECTOR 0.00 X 0 0 0 ANITA MOTION DIRECTOR 0.00 X 0 0 0 PAUL SAYLOR DIRECTOR 0.00 X X 0 0 0 SARAH STEIN SECRETARY 0.00 X 0 0 0 KATIE LAMONICA DIRECTOR 0.00 X 0 0 0 PAT STICKENY EXECUTIVE DIRECTOR 1.00 X 66192 0 0 66192 0 0 0 0 0 0 FLYING Y LAND & CATTLE CO 3720 E 2ND ST EDMOND OK 730347303 BOARDING 204296 1 X 2342647 87950 2342647 206058 206058 1254916 911227 343689 343689 343689 256755 186757 69998 69998 2962392 0 0 619745 X 787956 371866 169490 246600 83934 52999 28931 2004 56986 29266 13866 13854 1330 1330 62775 62775 37908 20 387 37501 16822 5533 8260 3029 59627 24373 19297 15957 2833 1197 876 760 54903 54903 44954 25152 18394 1408 BOARD 336588 336588 0 0 FEED, HAY, AND STRAW 269289 269289 0 0 VETERINARY AND DENTAL F 117811 117811 0 0 CONTRACT LABOR 99277 31062 18860 49355 368441 241364 47166 79911 2401434 1561423 389632 450379 536743 474966 71164 81443 11236 12197 1110694 902182 185831 208512 9252221 10761106 45819 25455 10103014 11563679 164064 193465 28147 21051 46356 26277 238567 240793 X 1162793 1707699 8701654 9615187 9864447 11322886 10103014 11563679 560958 897481 0 X X 0 1 X 1 0 X 1714374 1597942 2023146 1867669 2599402 9802533 1714374 1597942 2023146 1867669 2599402 9802533 9802533 197724 236773 1132 4809 4312 444750 131011 131011 10378294 0.94450 0.92190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8481515 1410459 424076 9467898 10238114 -1244693 511906 8481515 9150881 1544777 457544 10238114 9436272 838147 1123538 9150881 8344028 -417312 1509556 9436272 1.00000 0 0 806309 699094 107215 284200 189372 94828 20185 13716 6469 208512 INVESTMENTS 10761106 F 10761106 LEASE LIABILITY 26277 26277 X 3859873 897481 897481 2962392 0 2962392 2401434 0 2401434 0 2401434 PART V, LINE 4: INTENDED USES FOR ENDOWMENT FUNDS THE ORGANIZATION MAY EXPEND ANNUALLY AN AMOUNT NOT EXCEEDING FIVE PERCENT OF THE FAIR MARKET VALUE OF THE ENDOWMENT FUNDS, AS DETERMINED ANNUALLY, SOLELY FOR THE CARE AND MAINTENANCE OF RETIRED THOROUGHBRED RACE HORSES. PART X, LINE 2: THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECOGNIZED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITION AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE GUIDANCE. SPECIAL EVENTS 256755 256755 186757 256755 256755 186757 186757 69998 X IN-KIND CONTRIBUTIONS 90 87950 AUCTION 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE CHAIRMAN, CEO, AND TREASURER, REVIEW THE FORM 990 INDIVIDUALLY. THE THREE INDIVIDUALS HOLD A MEETING TO DISCUSS ANY QUESTIONS THAT THEY MAY HAVE. IF ANY CORRECTIONS OR CHANGES ARE NEEDED, THE ACCOUNTING FIRM ENGAGED TO PREPARE THE FORM 990 IS NOTIFIED. ALSO, THE EXECUTIVE COMMITTEE AND THE BOARD ALSO REVIEW THE AUDIT REPORT. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY THE FOUNDATION BOARD IS A GOVERNING BOARD THAT MEETS MONTHLY TO DISCUSS AND DECIDE ON ISSUES RELATED TO THE FOUNDATION, ITS POLICY, PERFORMANCE AND THE FOUNDATION STAFF. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL ALL SALARIES ARE APPROVED BY THE BOARD AND SALARIED EMPLOYEES SERVING AS DIRECTORS ARE NOT PERMITTED TO VOTE WHEN IT RELATES TO COMPENSATION. FORM 990, PART VI, SECTION B, LINE 15B - COMPENSATION PROCESS FOR OFFICERS ALL SALARIES ARE APPROVED BY THE BOARD AND SALARIED EMPLOYEES SERVING AS DIRECTORS ARE NOT PERMITTED TO VOTE WHEN IT RELATES TO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE BY SUBMITING A WRITTEN REQUEST TO THE ORGANIZATION'S MAIN OFFICE. 990 PART VIII LINE 1F 990 PART VIII: LINE 1F: THE FOUNDATION RECIEVES ONE TIME BEQUESTS ANNUALLY DURING THE YEAR, WHICH CAN FLUCTUATE SIGNIFICANTLY FROM YEAR TO YEAR DEPENDING UPON THE DONOR. INDIVIDUAL BEQUESTS FOR DECEMBER 31, 2023 WERE $444,244 INCLUDED IN CONTRIBUTIONS LINE 1F. 990 PART VIII: LINE 1F: THE FOUNDATION RECIEVES GRANTS ANNUALLY DURING THE YEAR, WHICH CAN FLUCTUATE SIGNIFICANTLY FROM YEAR TO YEAR DEPENDING UPON THE GRANTOR. GRANTS FOR DECEMBER 31, 2023 WERE $273,236 INCLUDED IN CONTRIBUTIONS LINE 1F. FORM 990, PART IX, LINE 24E BLACKSMITH: PROGRAM SERVICE EXPENSES 66,983. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 66,983. SUPPLIES: PROGRAM SERVICE EXPENSES 47,357. MANAGEMENT AND GENERAL EXPENSES 2,930. FUNDRAISING EXPENSES 3,385. TOTAL EXPENSES 53,672. REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 29,924. MANAGEMENT AND GENERAL EXPENSES 600. FUNDRAISING EXPENSES 2,635. TOTAL EXPENSES 33,159. TRAINING: PROGRAM SERVICE EXPENSES 33,066. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,066. MEDICAL SUPPLIES: PROGRAM SERVICE EXPENSES 26,407. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,407. PRINTING AND PUBLICATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 466. FUNDRAISING EXPENSES 25,769. TOTAL EXPENSES 26,235. BANK CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,297. FUNDRAISING EXPENSES 19,798. TOTAL EXPENSES 24,095. LEASE AMORTIZATION, RIGHT OF USE ASSET: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,182. FUNDRAISING EXPENSES 10,182. TOTAL EXPENSES 20,364. POSTAGE AND FREIGHT: PROGRAM SERVICE EXPENSES 4,031. MANAGEMENT AND GENERAL EXPENSES 4,672. FUNDRAISING EXPENSES 8,014. TOTAL EXPENSES 16,717. RENT: PROGRAM SERVICE EXPENSES 5,000. MANAGEMENT AND GENERAL EXPENSES 5,407. FUNDRAISING EXPENSES 3,600. TOTAL EXPENSES 14,007. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 8,871. MANAGEMENT AND GENERAL EXPENSES 3,156. FUNDRAISING EXPENSES 401. TOTAL EXPENSES 12,428. TAXES AND LICENSES: PROGRAM SERVICE EXPENSES 3,051. MANAGEMENT AND GENERAL EXPENSES 7,073. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,124. TRANSPORTATION: PROGRAM SERVICE EXPENSES 8,365. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,365. TELEPHONE: PROGRAM SERVICE EXPENSES 3,769. MANAGEMENT AND GENERAL EXPENSES 3,299. FUNDRAISING EXPENSES 295. TOTAL EXPENSES 7,363. DUES: PROGRAM SERVICE EXPENSES 1,143. MANAGEMENT AND GENERAL EXPENSES 4,363. FUNDRAISING EXPENSES 1,180. TOTAL EXPENSES 6,686. APPEAL AND BOOK: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 3,972. TOTAL EXPENSES 3,972. UTILITIES: PROGRAM SERVICE EXPENSES 3,397. MANAGEMENT AND GENERAL EXPENSES 10. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,407. INTERNET: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 711. FUNDRAISING EXPENSES 680. TOTAL EXPENSES 1,391. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR