Nonprofit · EIN 13-3132741
THOROUGHBRED RETIREMENT FOUNDATION
Tax-exempt · SARATOGA SPGS, NY 12866
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,457,604 | $3,013,204 | -$555,600 | $14,535,555 | $163,634 | $14,371,921 |
| December 31, 2024 | 990 | $4,867,011 | $2,559,168 | $2,307,843 | $14,342,693 | $177,340 | $14,165,353 |
| December 31, 2023 | 990 | $2,962,392 | $2,401,434 | $560,958 | $11,563,679 | $240,793 | $11,322,886 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,000,740
- Program service revenue
- $53,709
- Investment income
- $196,441
- Net gain from sales of assets
- $29,357
- Net income from fundraising events
- $206,714
- Other revenue
- $206,714
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $848,883
- Salaries, compensation and benefits (total)
- $1,005,729
- Professional fundraising fees
- $0
- Legal fees
- $8,245
- Accounting fees
- $45,000
- Occupancy
- $39,350
- Travel
- $54,383
- Depreciation
- $65,456
- Program services (functional)
- $2,125,344
- Management and general (functional)
- $456,786
- Fundraising (functional)
- $431,074
Balance sheet and other
- Total assets, start of year
- $14,342,693
- Total assets, end of year
- $14,535,555
- Total liabilities, end of year
- $163,634
- Net assets, end of year
- $14,371,921
- Land, buildings and equipment
- $481,269
- Net assets without donor restrictions
- $3,699,755
- Net assets with donor restrictions
- $10,672,166
- Gross receipts
- $4,476,733
- Employees
- 14
- Volunteers
- 90
- Year formed
- 1982
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAGGIE SWEET | EXECUTIVE DIRECTOR Trustee or director | 40 | $127,525 |
| PAT STICKENY | CFO Officer | 15 | $50,136 |
| PATRICK MACKAY | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| PAUL SAYLOR | TREASURER Trustee or director, Officer | 1 | $0 |
| SARAH STEIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| DARYL TROPEA | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| STEPHANIE BRENNAN | DIRECTOR Trustee or director | 1 | $0 |
| KELSEY MARSHALL HUGHES | DIRECTOR Trustee or director | 1 | $0 |
| KATIE LAMONICA | DIRECTOR Trustee or director | 1 | $0 |
| STOWE BURKE | DIRECTOR Trustee or director | 1 | $0 |
| ANITA MOTION | DIRECTOR Trustee or director | 1 | $0 |
| MAGGIE WOLFENDALE | DIRECTOR Trustee or director | 1 | $0 |
| KATIE DAVIS MCCARTHY | DIRECTOR Trustee or director | 1 | $0 |
| CINDY MCDONALD | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE KEATING | DIRECTOR Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN CANNIE TERMED 3142025 | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAGGIE SWEET | EXECUTIVE DIRECTOR Trustee or director | 40 | $98,284 |
| PAT STICKENY | CFO Officer | 15 | $42,370 |
| STEPHANIE BRENNAN | DIRECTOR Trustee or director | 1 | $0 |
| KELSEY MARSHALL HUGHES | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK MACKAY | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MAGGIE WOLFENDALE MORLEY | DIRECTOR Trustee or director | 1 | $0 |
| ANITA MOTION | DIRECTOR Trustee or director | 1 | $0 |
| PAUL SAYLOR | DIRECTOR Trustee or director, Officer | 1 | $0 |
| SARAH STEIN | SECRETARY Trustee or director | 1 | $0 |
| KATIE LAMONICA | DIRECTOR Trustee or director | 1 | $0 |
| KATIE DAVIS MCCARTHY | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE KEATING | DIRECTOR Trustee or director | 1 | $0 |
| CINDY MCDONALD | DIRECTOR Trustee or director | 1 | $0 |
| DARYL TROPEA | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAT STICKENY | EXECUTIVE DIRECTOR Officer | 1 | $66,192 |
| STEPHANIE BRENNAN | DIRECTOR Trustee or director | 0 | $0 |
| NICHOLAS MEITTINIS | DIRECTOR Trustee or director | 0 | $0 |
| JOHN B CANNIE ESQ | PRESIDENT Trustee or director, Officer | 0 | $0 |
| LARRY HOLMES | TREASURER Trustee or director, Officer | 0 | $0 |
| KELSEY MARSHALL HUGHES | DIRECTOR Trustee or director | 0 | $0 |
| PATRICK MACKAY | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| MAGGIE WOLFENDALE MORLEY | DIRECTOR Trustee or director | 0 | $0 |
| ANITA MOTION | DIRECTOR Trustee or director | 0 | $0 |
| PAUL SAYLOR | DIRECTOR Trustee or director, Officer | 0 | $0 |
| SARAH STEIN | SECRETARY Trustee or director | 0 | $0 |
| KATIE LAMONICA | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 112 SPRING ST STE 109, SARATOGA SPGS, NY 12866-3351
- Principal officer (990 for 2025)
- MAGGIE SWEET, PO BOX 834, SARATOGA SPRINGS, NY 12866
- Signed the 990
- MAGGIE SWEET, PRINCIPAL OFFICER
- Phone
- (518) 226-0028
- Website
- WWW.TRFINC.ORG
- Return prepared by
- BONADIO & CO LLP
Mission
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 OPPORTUNITIES FOR PEOPLE WISHING TO IMPROVE THEIR WELL-BEING THROUGH THE UNDENIABLE HEALING POWER OF HORSES.
Program accomplishments
- 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.Expenses $2,125,344 · revenue $97,431
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3132741
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Animal-related (D200)
- Assets (IRS master file)
- $14,535,555
- Income (IRS master file)
- $4,476,733
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,457,604 | $3,013,204 | $14,535,555 | IRS |
| 990 | December 2024 | $4,867,011 | $2,559,168 | $14,342,693 | XML |
| 990 | December 2023 | $2,962,392 | $2,401,434 | $11,563,679 | XML |
| 990 | December 2022 | $1,901,253 | $2,250,863 | $10,103,014 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3132741).
Questions about THOROUGHBRED RETIREMENT FOUNDATION
- What is the EIN of THOROUGHBRED RETIREMENT FOUNDATION?
- The employer identification number (EIN) of THOROUGHBRED RETIREMENT FOUNDATION is 13-3132741.
- Is THOROUGHBRED RETIREMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to THOROUGHBRED RETIREMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THOROUGHBRED RETIREMENT FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THOROUGHBRED RETIREMENT FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THOROUGHBRED RETIREMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THOROUGHBRED RETIREMENT FOUNDATION?
- The 990 for the year ended December 31, 2025 names MAGGIE SWEET.
- Who are the officers and directors of THOROUGHBRED RETIREMENT FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 16 people; 2 received compensation from the organization, the highest $127,525 (MAGGIE SWEET, EXECUTIVE DIRECTOR).
- How much revenue does THOROUGHBRED RETIREMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,457,604, expenses of $3,013,204 and total assets of $14,535,555 at year end.
Other nonprofits in SARATOGA SPGS
- THERAPEUTIC HORSES OF SARATOGA INC EIN 82-5164821 · last filed 990 for 2025
- FRIENDS OF THE SARATOGA CNTY ANIMAL SHELTER EIN 80-0179673 · last filed 990-EZ for 2026
- WILDLIFE INSTITUTE OF EASTERN NEW YORK EIN 14-1835339 · last filed 990-EZ for 2025
- HEADING FOR HOME RACEHORSE RETRAINING ADOPTION CENTER INC EIN 27-4556090 · last filed 990 for 2025
- CONGIE BLACK & GOLD FUND INC EIN 47-4211168 · last filed 990-N for 2025
- THOROUGHBRED RACING FAN ASSOCIATION INC EIN 26-2963656 · last filed 990-N for 2023
- A ROTTWEILER EMPIRE RESCUE INC EIN 27-2550804 · last filed 990-EZ for 2024
- NEW PEN DEL NEWFOUNDLAND CLUB INC EIN 23-2343455 · last filed 990-N for 2025