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Thoroughbred Retirement Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133132741 ✦ Saratoga springs, NY ✦ Designated as a 501(c)(3)

Overview

What is Thoroughbred Retirement Foundation Inc?

Thoroughbred Retirement Foundation Inc is a nonprofit organization dedicated to the rescue and rehabilitation of unwanted Thoroughbred horses. Founded by Monique S. Koehler, the organization operates a unique vocational training program in equine care and management for inmates at correctional facilities. Through collaborations with various state correctional services, they design, staff, and maintain this program to teach inmates marketable skills for employment upon release. This program not only benefits the inmates but also saves Thoroughbred horses from possible neglect, abuse, and slaughter. The organization often rescues horses in desperate need of care and rehabilitates them for adoption, ensuring they have the opportunity for "second careers" as pleasure or show-horses. With a total of 17 employees, Thoroughbred Retirement Foundation makes a significant difference in both the lives of incarcerated individuals and retired Thoroughbred horses.


Official website here: www.trfinc.org

Is Thoroughbred Retirement Foundation Inc legitimate?

Thoroughbred Retirement Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thoroughbred Retirement Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $735,857

For more financial information, click here


Official website here: www.trfinc.org

What is the mission statement of Thoroughbred Retirement Foundation Inc?

The Thoroughbred Retirement Foundation Inc is dedicated to the rescue of unwanted thoroughbred horses and providing a re-entry oriented program for inmates. Through a unique partnership with correctional facilities, the organization offers a vocational training program in equine care and management for inmates, saving these horses from possible neglect, abuse, and slaughter. The goal is to teach marketable skills to inmates for employment upon release, while giving thoroughbreds a second chance. Unfortunately, the reality for many thoroughbreds after retirement is often harsh, with limited resources among horse owners leading to abandonment and eventual slaughter. The Thoroughbred Retirement Foundation assesses each horse's capabilities and provides extra care before placing them in long-term, successful adoptions. Many rescued horses regain their health and go on to have second careers as pleasure or show horses.


Official website here: www.trfinc.org

Who is the CEO of Thoroughbred Retirement Foundation Inc?

Pat Stickney is the Executive Di of Thoroughbred Retirement Foundation Inc.


Official website here: www.trfinc.org

What is the revenue of Thoroughbred Retirement Foundation Inc?

Thoroughbred Retirement Foundation Inc's revenue in 2022 was $1,901,253.


Official website here: www.trfinc.org

Who are the executives of Thoroughbred Retirement Foundation Inc and what are their salaries?

The average compensation at Thoroughbred Retirement Foundation Inc during 2022 was $43,286. There are 17 employees at Thoroughbred Retirement Foundation Inc.

Here are 12 key members and their salaries:

    Pat Stickney (Executive Di)
  • Compensation: $100,947
  • Related: $0
  • Other: $0

    • Stephanie Brennan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicholas Meittinis Dvm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John B Cannie Esq (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Holmes (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelsey Marshall Hughes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katie Lamonica (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patrick Mackay (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maggie Wolfendale Morley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anita Motion (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Saylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sarah Stein (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.trfinc.org

    Where can I find the form 990 for Thoroughbred Retirement Foundation Inc?

    The Thoroughbred Retirement Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.trfinc.org

    Learn more at the official website: www.trfinc.org

    Mission Statement of Thoroughbred Retirement Foundation Inc

    Thoroughbred Retirement Foundation Inc, a renowned organization, is dedicated to the rescue of unwanted Thoroughbred horses and providing a re-entry oriented program for inmates. Through a unique agreement with the Department of Correctional Services, the Foundation operates a vocational training program in equine care and management for inmates at various correctional facilities. This program not only teaches marketable skills for employment upon release but also saves Thoroughbred horses from neglect, abuse, and potential slaughter.

    In the early days of the Thoroughbred Retirement Foundation, Monique S. Koehler, its founder and chairman of the board, negotiated a milestone agreement. In exchange for land use and labor at a correctional facility, the Foundation designed, staffed, and maintained a vocational training program in equine care and management for inmates. This program has been replicated in California, Kentucky, Florida, South Carolina, Illinois, Virginia, and Maryland. It provides inmate-students with the opportunity to learn valuable skills while helping rescue Thoroughbred horses in need.

    Unfortunately, the perception that Thoroughbred horses are assured a safe and humane retirement does not match reality. Many horse owners, even those with modest resources, are unable to maintain their horses once they become unable to earn their keep on the racetrack. Demand for horsemeat in many foreign countries and the presence of several slaughterhouses in Canada and Mexico further threaten the lives of these horses.

    Thoroughbred Retirement Foundation often has to transport horses in desperate need and provide extra care to get them back to health. Horses rescued or retired to the Foundation are evaluated and re-trained by Foundation employees to assess their capabilities and place them in long-term, successful adoptions. Many of these horses go on to have second careers as pleasure or show horses. The Foundation's mission is a vital contribution to both the welfare of Thoroughbred horses and the rehabilitation of inmates.

    Impact

    This information is meant to be a general summary of Thoroughbred Retirement Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Thoroughbred Retirement Foundation Inc's impact is multi-faceted and profound. Firstly, it plays a crucial role in rescuing unwanted Thoroughbred horses, saving them from neglect, abuse, and even slaughter. By providing these horses with a safe haven and necessary care, the organization ensures their well-being and a dignified retirement.

    Secondly, the organization runs a unique vocational training program in equine care and management for inmates. This innovative program not only equips inmate-students with marketable skills for employment upon release but also offers a second chance to both the horses and the individuals involved. It is a testament to the transformative power of rehabilitation and second opportunities.

    Furthermore, Thoroughbred Retirement Foundation Inc's retraining and adoption program allows rescued or retired horses to find new homes and second careers as pleasure or show-horses. By evaluating and retraining these horses, the organization ensures successful adoptions and long-term well-being for these majestic animals.

    Overall, Thoroughbred Retirement Foundation Inc's impact extends beyond just animal welfare, touching the lives of both horses and humans by promoting compassion, rehabilitation, and the value of second chances.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,746
  • Program Service Revenue: $0
  • Gross Receipts: $1,942,531

    • Assets and Liabilities:
  • Total Assets: $10,103,014
  • Total Liabilities: $238,567
  • Net Assets: $9,864,447
  • Organization Details

    Founding Year

    1982

    Principal Officer

    Pat Stickney

    Main Address

    POST OFFICE BOX 834, SARATOGA SPRINGS, NY, 12866

    NTEE Category

    Code: D200 - Animals

    If you are a representative of Thoroughbred Retirement Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.