2026-05-01T14:08:00-05:00 2025-12-31 161131146 BONADIO & CO LLP 6 WEMBLEY CT ALBANY NY 12205 990 2025-01-01 133132741 THOROUGHBRED RETIREMENT FOUNDATION INC THOR 5182260028 PO BOX 834 SARATOGA SPRINGS NY 12866 MAGGIE SWEET PRINCIPAL OFFICER 5182260028 2026-05-01 1 MARIE GAVIN P03173913 5184644080 2026-05-01 2025 2025-03-06 01:10:19Z MAGGIE SWEET PO BOX 834 SARATOGA SPRINGS NY 12866 4476733 0 X WWW.TRFINC.ORG X 1982 NY 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. 14 14 14 90 0 0 3996497 2000740 600 53709 818657 196441 51257 206714 4867011 2457604 0 0 0 0 953618 1005729 0 0 431074 1605550 2007475 2559168 3013204 2307843 -555600 14342693 14535555 177340 163634 14165353 14371921 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. 0 0 2125344 97431 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. 2125344 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 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 0 0 1 14 0 0 0 0 0 0 0 0 0 0 0 X 14 14 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 MAGGIE SWEET EXECUTIVE DIRECTOR 40.00 X 127525 0 0 PATRICK MACKAY CHAIRMAN 1.00 X X 0 0 0 PAUL SAYLOR TREASURER 1.00 X X 0 0 0 SARAH STEIN SECRETARY 1.00 X X 0 0 0 DARYL TROPEA VICE PRESIDENT 1.00 X X 0 0 0 STEPHANIE BRENNAN DIRECTOR 1.00 X 0 0 0 KELSEY MARSHALL HUGHES DIRECTOR 1.00 X 0 0 0 KATIE LAMONICA DIRECTOR 1.00 X 0 0 0 STOWE BURKE DIRECTOR 1.00 X 0 0 0 ANITA MOTION DIRECTOR 1.00 X 0 0 0 MAGGIE WOLFENDALE DIRECTOR 1.00 X 0 0 0 KATIE DAVIS MCCARTHY DIRECTOR 1.00 X 0 0 0 CINDY MCDONALD DIRECTOR 1.00 X 0 0 0 MICHELLE KEATING DIRECTOR 1.00 X 0 0 0 JOHN CANNIE TERMED 3142025 DIRECTOR 1.00 X 0 0 0 PAT STICKENY CFO 15.00 X 50136 0 0 177661 0 0 1 0 0 0 POKER BAR LLC 3023 W9TH CUSHIN OK 74023 BOARDING 154167 1 2000740 38467 2000740 SECOND CHANCES 900099 53709 53709 53709 167084 167084 1933163 49216 1947528 5494 -14365 43722 29357 43722 -14365 272821 66107 206714 206714 2457604 97431 0 359433 X 848883 417918 154081 276884 85592 71619 13694 279 71254 33867 14572 22815 8245 8245 45000 45000 39377 39377 9629 382 594 8653 13113 3843 9025 245 12504 340 6279 5885 39350 10322 16292 12736 54383 26860 11929 15594 452 436 16 65456 65456 59973 39286 19624 1063 FEED, HAY AND STRAW 517694 517694 BOARD EXPENSES 318076 315401 143 2532 VETERINARIAN AND DENTAL 156170 156170 CONTRACT LABOR 146622 49906 64450 32266 521431 415844 53465 52122 3013204 2125344 456786 431074 497984 395278 131169 114644 34007 23147 1438278 957009 417288 481269 13257154 13521217 5091 0 14342693 14535555 158305 163634 13674 5361 177340 163634 X 3652948 3699755 10512405 10672166 14165353 14371921 14342693 14535555 -555600 762168 0 X X 0 1 X 1 0 X 2023146 1867669 2599402 3988947 2054449 12533613 2023146 1867669 2599402 3988947 2054449 12533613 12533613 1132 4809 4312 819711 167084 997048 131011 131011 13661672 269137 0.91740 0.90980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10248280 787056 512414 10522922 9467898 1258277 477895 10248280 8481515 1410459 424076 9467898 10238114 -1244693 511906 8481515 9150881 1544777 457544 10238114 1.00000 0 0 1010708 700441 310267 427570 256568 171002 481269 INVESTMENTS 13521217 F 13521217 3219772 762168 762168 2457604 0 2457604 3013204 0 3013204 0 3013204 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. 2025F BBQ 172929 172929 32248 SECOND CHANCES HALTER AUCTION 27483 27483 2192 11 72409 72409 31667 272821 272821 66107 66107 206714 X IN-KIND 58 38467 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. FORM 990, PART IX, LINE 24E BLACKSMITH: PROGRAM SERVICE EXPENSES 106,145. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 106,145. TRANSPORTATION: PROGRAM SERVICE EXPENSES 79,473. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 79,473. MEDICAL SUPPLIES: PROGRAM SERVICE EXPENSES 75,576. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,576. SUPPLIES: PROGRAM SERVICE EXPENSES 68,271. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 535. TOTAL EXPENSES 68,806. REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 31,930. MANAGEMENT AND GENERAL EXPENSES 4,636. FUNDRAISING EXPENSES 401. TOTAL EXPENSES 36,967. BANK CHARGES: PROGRAM SERVICE EXPENSES 2,595. MANAGEMENT AND GENERAL EXPENSES 15,119. FUNDRAISING EXPENSES 17,009. TOTAL EXPENSES 34,723. DUES: PROGRAM SERVICE EXPENSES 1,529. MANAGEMENT AND GENERAL EXPENSES 23,850. FUNDRAISING EXPENSES 1,329. TOTAL EXPENSES 26,708. TRAINING: PROGRAM SERVICE EXPENSES 17,891. MANAGEMENT AND GENERAL EXPENSES 3,230. FUNDRAISING EXPENSES 500. TOTAL EXPENSES 21,621. POSTAGE AND FREIGHT: PROGRAM SERVICE EXPENSES 11,263. MANAGEMENT AND GENERAL EXPENSES 3,196. FUNDRAISING EXPENSES 4,157. TOTAL EXPENSES 18,616. APPEAL AND BOOK: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 18,387. TOTAL EXPENSES 18,387. GROOMING: PROGRAM SERVICE EXPENSES 7,450. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,450. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 804. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 6,216. TOTAL EXPENSES 7,020. TELEPHONE: PROGRAM SERVICE EXPENSES 3,058. MANAGEMENT AND GENERAL EXPENSES 3,592. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,650. PASTURE MAINTENANCE: PROGRAM SERVICE EXPENSES 5,215. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,215. TAXES AND LICENSES: PROGRAM SERVICE EXPENSES 4,636. MANAGEMENT AND GENERAL EXPENSES -47. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,589. GRAPHIC DESIGN: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,700. TOTAL EXPENSES 2,700. PRINTING AND PUBLICATIONS: PROGRAM SERVICE EXPENSES 8. MANAGEMENT AND GENERAL EXPENSES 159. FUNDRAISING EXPENSES 888. TOTAL EXPENSES 1,055. LEASE AMORTIZATION, RIGHT OF USE ASSET: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES -270. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -270. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR