EIN 13-3132741

Thoroughbred Retirement Foundation

IRS 501(c) type
501(c)(3)
Num. employees
17
Year formed
1982
Most recent tax filings
2022-12-01
Description
The Thoroughbred Retirement Foundation rescues unwanted Thoroughbred horses and operates a re-entry oriented program for inmates. The organization also provides vocational training in horse care for inmates, which was a milestone negotiated by the founder and chairman of the board, Monique S. Koehler, early in the organization's history.
Total revenues
$1,901,253
2022
Total expenses
$2,250,863
2022
Total assets
$10,103,014
2022
Num. employees
17
2022

Program areas at Thoroughbred Retirement Foundation

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. The goal of this program is to teach 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 among 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.
Vocational training program in horse care for inmates. Early in thevocational 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. The goal of this program is to teach 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 among 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.

Who funds Thoroughbred Retirement Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Thoroughbred Aftercare Alliance (TAA)Thoroughbred Aftercare$170,000
Florida Thoroughbred CharitiesGeneral Support$160,000
The Sophie Stenbeck Family FoundationGeneral Support$75,000
...and 48 more grants received totalling $810,822

Personnel at Thoroughbred Retirement Foundation

NameTitleCompensation
Pat StickneyExecutive Director$100,947
Jessica PaquetteDirector of Communications and Annual Fund
Kimberly B. WeirDirector of Major Gifts and Planned Giving
Chelsea O'ReillyProgram Development Manager
Patrick MacKayChairman$0
...and 5 more key personnel

Financials for Thoroughbred Retirement Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,761,096
Program services$0
Investment income and dividends$4,809
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$937
Net income from fundraising events$132,011
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,400
Total revenues$1,901,253

Form 990s for Thoroughbred Retirement Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-03-29990View PDF
2021-122022-05-17990View PDF
2020-122021-05-21990View PDF
2019-122020-09-01990View PDF
2018-122019-07-23990View PDF
...and 10 more Form 990s

Organizations like Thoroughbred Retirement Foundation

OrganizationLocationRevenue
National Humane Education SocietyCharles Town, WV$2,801,605
Pet PartnersBellevue, WA$2,771,700
Yankee Golden Retriever Rescue (YGRR)Hudson, MA$1,207,851
Days End Farm Horse RescueWoodbine, MD$2,399,844
Rescue RanchStatesville, NC$626,538
Humane Pennsylvania (HSBC)Reading, PA$5,082,965
Animal Welfare LeagueChicago Ridge, IL$3,746,761
Roanoke Valley SPCA (RVSPCA)Roanoke, VA$1,023,935
Nashville Humane SocietyNashville, TN$4,477,348
IndyHumaneIndianapolis, IN$6,869,131
Data update history
May 18, 2024
Received grants
Identified 12 new grant, including a grant for $75,000 from The Sophie Stenbeck Family Foundation
December 25, 2023
Received grants
Identified 1 new grant, including a grant for $7,500 from Tucker Foundation
September 27, 2023
Received grants
Identified 3 new grant, including a grant for $2,500 from Vandy Charitable Foundation
August 19, 2023
Received grants
Identified 32 new grant, including a grant for $170,000 from Thoroughbred Aftercare Alliance (TAA)
June 18, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Social advocacy organizationsAnimal organizationsAnimal sheltersHeadquarter / parent organizationsCharities
Issues
Animals
Characteristics
Fundraising eventsNational levelEndowed supportTax deductible donations
General information
Address
Post Office Box 834
Saratoga Springs, NY 12866
Metro area
Albany-Schenectady-Troy, NY
County
Saratoga County, NY
Website URL
trfinc.org/ 
Phone
(518) 226-0028
Facebook page
ThoroughbredRetirementFoundation 
IRS details
EIN
13-3132741
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1982
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
D20: Animal Protection and Welfare
NAICS code, primary
813312: Environment, Conservation, and Wildlife Organizations
Parent/child status
Independent
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