2025-03-26T13:30:04-05:00 2024-12-31 222138828 LEONARD C GREEN & CO PA 900 ROUTE 9 WOODBRIDGE NJ 07095 990 2024-01-01 133132741 THOROUGHBRED RETIREMENT FOUNDATION INC THOR 5182260028 PO BOX 834 SARATOGA SPRINGS NY 12866 MAGGIE SWEET PRINCIPAL OFFICER 5182260028 2025-03-26 1 1 LEONARD C GREEN P00226901 7326345100 2025-03-26 2024 2025-03-06 01:10:19Z MAGGIE SWEET PO BOX 834 SARATOGA SPRINGS NY 12866 5783123 0 X WWW.TRFINC.ORG X 1982 NY THE MISSION OF THE THOROUGHBRED RETIREMENT FOUNDATION:(CONTINUED ON SCH O)WE BELIEVE DIGNITY AND COMPASSION ARE THE FOUNDATION OF LIVES WELL LIVED. WE PROVIDE A LIFETIME SANCTUARY FOR THOROUGHBREDS AFTER THEIR RACING CAREERS AS WELL AS OPPORTUNITIYES FOR PEOPLE WISHING TO IMPROVE THEIR WELL-BEING THROUGH THE UNDENIABLE HEALING POWER OF HORSES. 13 13 17 87 0 0 2342647 3996497 0 600 549747 818657 69998 51257 2962392 4867011 0 0 0 0 928876 953618 0 0 444139 1472558 1605550 2401434 2559168 560958 2307843 11563679 14342693 240793 177340 11322886 14165353 WE BELIEVE DIGNITY AND COMPASSION ARE THE FOUNDATION OF LIVES WELL LIVED. WE PROVIDE A LIFETIME SANCTUARY FOR THOROUGHBREDS AFTER THEIR RACING CAREERS AS WELL AS OPPORTUNITIYES FOR PEOPLE WISHING TO IMPROVE THEIR WELL-BEING THROUGH THE UNDENIABLE HEALING POWER OF HORSES. 0 0 1754670 234 TRF SECOND CHANCES PROGRAM, A VOCATIONAL TRAINING PROGRAM IN EQUINE CARE AND MANAGEMENT. 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 WALLKILL CORRECTIONAL FACILITY, THE THOROUGHBRED RETIREMENT FOUNDATION WOULD DESIGN, STAFF AND MAINTAIN A VOCATIONAL TRAINING PROGRAM IN EQUINE CARE AND MANAGEMENT FOR INCARCERATED INDIVIDUALS. THIS UNIQUE PROGRAM HAS BEEN REPLICATED IN CALIFORNIA, KENTUCKY, FLORIDA, SOUTH CAROLINA, AND MARYLAND AND OFFERS SECOND CHANCES FOR HORSES AND HUMANS. THE TRF ALSO OFFERS LIFETIME SANCTUARY FOR HORSES THAT ARE NOT INCLUDED IN THE SECOND CHANCES PROGRAM. 1754670 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 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 37 0 1 17 0 0 0 0 0 0 0 0 0 0 0 X 13 13 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 1.00 X 0 0 0 KELSEY MARSHALL HUGHES DIRECTOR 1.00 X 0 0 0 PATRICK MACKAY CHAIRMAN 1.00 X X 0 0 0 MAGGIE WOLFENDALE MORLEY DIRECTOR 1.00 X 0 0 0 ANITA MOTION DIRECTOR 1.00 X 0 0 0 PAUL SAYLOR DIRECTOR 1.00 X X 0 0 0 SARAH STEIN SECRETARY 1.00 X 0 0 0 KATIE LAMONICA DIRECTOR 1.00 X 0 0 0 KATIE DAVIS MCCARTHY DIRECTOR 1.00 X 0 0 0 MICHELLE KEATING DIRECTOR 1.00 X 0 0 0 CINDY MCDONALD DIRECTOR 1.00 X 0 0 0 DARYL TROPEA DIRECTOR 1.00 X 0 0 0 MAGGIE SWEET EXECUTIVE DIRECTOR 40.00 X 98284 0 0 PAT STICKENY CFO 15.00 X 42370 0 0 140654 0 0 0 0 0 0 POKER BAR LLC 3023 W9TH CUSHIN OK 74023 BOARDING 206606 1 X 3996497 113228 3996497 MISC REVENUE 900099 600 600 600 252398 252398 1361762 3800 795137 4166 566625 -366 566259 -366 566625 168066 116809 51257 51257 4867011 234 0 870280 X 821266 363447 164650 293169 75928 52087 9949 13892 56424 29622 12347 14455 5834 5834 53153 53153 10498 30 2376 8092 24750 6425 12137 6188 62264 31813 15092 15359 1637 790 505 342 63863 63863 41045 21731 18496 818 FEED, HAY, AND STRAW 414786 414786 0 0 BOARD 277102 277102 0 0 VETERINARY AND DENTAL F 129742 129742 0 0 BLACKSMITH 84685 84685 0 0 436191 278547 65820 91824 2559168 1754670 360359 444139 474966 497984 81443 131169 12197 34007 1382500 965212 208512 417288 10761106 13257154 25455 5091 11563679 14342693 193465 158305 21051 13674 26277 5361 240793 177340 X 1707699 3652948 9615187 10512405 11322886 14165353 11563679 14342693 2307843 534624 0 X X 0 1 X 1 0 X 1597942 2023146 1867669 2599402 3988947 12077106 1597942 2023146 1867669 2599402 3988947 12077106 12077106 236773 1132 4809 4312 819711 1066737 131011 131011 13274854 168066 0.90980 0.94450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9467898 1258277 477895 10248280 8481515 1410459 424076 9467898 10238114 -1244693 511906 8481515 9150881 1544777 457544 10238114 9436272 838147 1123538 9150881 0 0 1071720 755502 316218 310780 209710 101070 417288 INVESTMENTS 13257154 F 13257154 LEASE LIABILITY 5361 5361 X 5401635 534624 534624 4867011 0 4867011 2559168 0 2559168 0 2559168 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. X X X X X SPECIAL EVENTS BARBEQUE 86131 86131 31656 CASAMIGOS FOR JOCKS AND HORSES 25348 25348 15534 6 56587 56587 69619 168066 168066 116809 116809 51257 X IN-KIND CONTRIBUTIONS 90 0 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 CONTRACT LABOR: PROGRAM SERVICE EXPENSES 37,390. MANAGEMENT AND GENERAL EXPENSES 12,493. FUNDRAISING EXPENSES 25,460. TOTAL EXPENSES 75,343. MEDICAL SUPPLIES: PROGRAM SERVICE EXPENSES 74,113. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,113. SUPPLIES: PROGRAM SERVICE EXPENSES 43,809. MANAGEMENT AND GENERAL EXPENSES 25. FUNDRAISING EXPENSES 505. TOTAL EXPENSES 44,339. RENT: PROGRAM SERVICE EXPENSES 15,000. MANAGEMENT AND GENERAL EXPENSES 7,648. FUNDRAISING EXPENSES 5,580. TOTAL EXPENSES 28,228. TRANSPORTATION: PROGRAM SERVICE EXPENSES 24,149. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,149. TRAINING: PROGRAM SERVICE EXPENSES 22,640. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,640. PRINTING AND PUBLICATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 514. FUNDRAISING EXPENSES 21,899. TOTAL EXPENSES 22,413. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 18,706. MANAGEMENT AND GENERAL EXPENSES 3,266. FUNDRAISING EXPENSES 401. TOTAL EXPENSES 22,373. LEASE AMORTIZATION, RIGHT OF USE ASSET: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,182. FUNDRAISING EXPENSES 10,182. TOTAL EXPENSES 20,364. DUES: PROGRAM SERVICE EXPENSES 428. MANAGEMENT AND GENERAL EXPENSES 17,355. FUNDRAISING EXPENSES 1,841. TOTAL EXPENSES 19,624. REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 16,357. MANAGEMENT AND GENERAL EXPENSES 1,200. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,557. POSTAGE AND FREIGHT: PROGRAM SERVICE EXPENSES 5,675. MANAGEMENT AND GENERAL EXPENSES 3,465. FUNDRAISING EXPENSES 8,111. TOTAL EXPENSES 17,251. BANK CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,342. FUNDRAISING EXPENSES 11,706. TOTAL EXPENSES 17,048. PASTURE MAINTENANCE: PROGRAM SERVICE EXPENSES 8,755. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,755. UTILITIES: PROGRAM SERVICE EXPENSES 7,572. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,572. TELEPHONE: PROGRAM SERVICE EXPENSES 3,767. MANAGEMENT AND GENERAL EXPENSES 3,561. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,328. APPEAL AND BOOK: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 5,370. TOTAL EXPENSES 5,370. INTERNET: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 769. FUNDRAISING EXPENSES 769. TOTAL EXPENSES 1,538. TAXES AND LICENSES: PROGRAM SERVICE EXPENSES 186. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 186. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR