Nonprofit · EIN 20-0049798
OLD FRIENDS INC
Tax-exempt · GEORGETOWN, KY 40324
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,150,036 | $3,870,724 | $1,279,312 | $9,405,973 | $4,872,445 | $4,533,528 |
| December 31, 2024 | 990 | $3,952,418 | $3,628,301 | $324,117 | $9,010,136 | $5,755,920 | $3,254,216 |
| December 31, 2023 | 990 | $3,641,088 | $3,240,372 | $400,716 | $5,393,517 | $2,463,418 | $2,930,099 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,392,896
- Program service revenue
- $600,919
- Investment income
- $30,533
- Net rental income
- $32,000
- Net income from sales of inventory
- $90,444
- Other revenue
- $125,688
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $172,000
- Other salaries and wages
- $1,137,632
- Salaries, compensation and benefits (total)
- $1,409,022
- Professional fundraising fees
- $0
- Legal fees
- $1,200
- Accounting fees
- $26,089
- Travel
- $29,228
- Depreciation
- $159,370
- Program services (functional)
- $3,192,981
- Management and general (functional)
- $643,446
- Fundraising (functional)
- $34,297
Balance sheet and other
- Total assets, start of year
- $9,010,136
- Total assets, end of year
- $9,405,973
- Total liabilities, end of year
- $4,872,445
- Net assets, end of year
- $4,533,528
- Land, buildings and equipment
- $8,147,580
- Gross receipts
- $5,224,511
- Employees
- 32
- Volunteers
- 0
- Year formed
- 2005
- State of legal domicile
- KY
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 |
|---|---|---|---|
| JOHN NICHOLSON | PRESIDENT & CEO Officer | 40 | $125,000 |
| ROBERT FULMER | VICE CHAIR/BOARD MEMBER Trustee or director, Officer | 40 | $0 |
| CYNTHIA GRISOLIA | CHAIRMAN Trustee or director, Officer | 40 | $0 |
| BEV PASSARELLO | SEC'Y/BOARD MEMBER Trustee or director, Officer | 40 | $0 |
| PAT RILEY | TREASURER/BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| JILL BAFFERT | BOARD MEMBER Trustee or director | 1 | $0 |
| PEGGY GDOVKA | BOARD MEMBER Trustee or director | 1 | $0 |
| SUZANNE MUNDY | BOARD MEMBER Trustee or director | 1 | $0 |
| COREY JOHNSEN | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK SIMON | BOARD MEMBER Trustee or director | 1 | $0 |
| CLARK NYBERG | BOARD MEMBER Trustee or director | 1 | $0 |
| KERRY CAUTHEN | BOARD MEMBER Trustee or director | 1 | $0 |
| RON WALLACE | BOARD MEMBER Trustee or director | 1 | $0 |
| DIANE WHITE | BOARD MEMBER Trustee or director | 1 | $0 |
| DR BRYAN WALDRIDGE | BOARD MEMBER Trustee or director | 1 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL BLOWEN | BOARD MEMBER/FOUNDER Trustee or director, Key employee | 1 | $0 |
| ROBERT LEE SHINNER | BOARD MEMBER Trustee or director | 1 | $0 |
| SUSAN CHU | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Nicholson | President & CEO Officer, Key employee, Highest-paid employee | 40 | $115,385 |
| Michael Blowen | Board Member/Founder Trustee or director, Key employee | 1 | $47,865 |
| William Van den Dool | VP/Board Member Trustee or director, Officer | 40 | $41,500 |
| Barbara Fossum | Secy/Board Member Trustee or director, Officer | 40 | $38,951 |
| Cynthia Grisolia | Chairman Trustee or director, Officer | 40 | $0 |
| Pat Riley | Treasurer/Board Member Trustee or director | 1 | $0 |
| Jill Baffert | Board Member Trustee or director | 1 | $0 |
| Peggy Gdovka | Board Member Trustee or director | 1 | $0 |
| Suzanne Mundy | Board Member Trustee or director | 1 | $0 |
| Corey Johnsen | Board Member Trustee or director | 1 | $0 |
| Mark Simon | Board Member Trustee or director | 1 | $0 |
| Clark Nyberg | Board Member Trustee or director | 1 | $0 |
| Ron Portell | Board Member Trustee or director | 1 | $0 |
| Ron Wallace | Board Member Trustee or director | 1 | $0 |
| Diane White | Board Member Trustee or director | 1 | $0 |
| Dr Bryan Waldridge | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Blowen | President/Board Member Trustee or director, Officer, Former | 40 | $94,500 |
| William Van den Dool | VP/Board Member Trustee or director, Officer | 40 | $41,750 |
| Barbara Fossum | Secy/Board Member Trustee or director, Officer | 40 | $36,902 |
| Cynthia Grisolia | Chairman Trustee or director, Officer | 40 | $240 |
| Pat Riley | Treasurer/Board Member Trustee or director | 1 | $0 |
| Jill Baffert | Board Member Trustee or director | 1 | $0 |
| Peggy Gdovka | Board Member Trustee or director | 1 | $0 |
| Suzanne Mundy | Board Member Trustee or director | 1 | $0 |
| Corey Johnsen | Board Member Trustee or director | 1 | $0 |
| Mark Simon | Board Member Trustee or director | 1 | $0 |
| Clark Nyberg | Board Member Trustee or director | 1 | $0 |
| Ron Portell | Board Member Trustee or director | 1 | $0 |
| Ron Wallace | Board Member Trustee or director | 1 | $0 |
| Diane White | Board Member Trustee or director | 1 | $0 |
| Dr Bryan Waldridge | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1841 PAYNES DEPOT RD, GEORGETOWN, KY 40324-9138
- In care of
- % MICHAEL BLOWEN
- Principal officer (990 for 2025)
- JOHN NICHOLSON, 1841 PAYNES DEPOT RD, GEORGETOWN, KY 40324
- Signed the 990
- JOHN NICHOLSON, PRESIDENT
- Phone
- (502) 863-1775
- Website
- WWW.OLDFRIENDSEQUINE.ORG
- Return prepared by
- SLT CPAS & ADVISORS
Mission
TO CARE FOR AND PROTECT RETIRED THOUROUGHBREDS.
Program accomplishments
- RAISE AWARENESS OF THE TREATMENT OF RETIRED RACE HORSES AND CARE FOR AND HONOR THE RACE HORSES. WE KEEP AND CARE FOR RETIRED RACE HORSES ON OUR FARM.Expenses $3,192,981 · revenue $5,112,744
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
- 20-0049798
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Animal-related (D20)
- Assets (IRS master file)
- $9,405,973
- Income (IRS master file)
- $5,224,511
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,150,036 | $3,870,724 | $9,405,973 | XML |
| 990 | December 2024 | $3,952,418 | $3,628,301 | $9,010,136 | XML |
| 990 | December 2023 | $3,641,088 | $3,240,372 | $5,393,517 | XML |
| 990 | December 2022 | $2,822,819 | $2,569,911 | $5,139,795 | 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 20-0049798).
Questions about OLD FRIENDS INC
- What is the EIN of OLD FRIENDS INC?
- The employer identification number (EIN) of OLD FRIENDS INC is 20-0049798.
- Is OLD FRIENDS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to OLD FRIENDS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLD FRIENDS INC 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 OLD FRIENDS INC 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 OLD FRIENDS INC 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 OLD FRIENDS INC?
- The 990 for the year ended December 31, 2025 names JOHN NICHOLSON.
- Who are the officers and directors of OLD FRIENDS INC?
- The 990 for the year ended December 31, 2025 lists 18 people; 1 received compensation from the organization, the highest $125,000 (JOHN NICHOLSON, PRESIDENT & CEO).
- How much revenue does OLD FRIENDS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,150,036, expenses of $3,870,724 and total assets of $9,405,973 at year end.
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