Totals
- Total revenue
- $5,150,036
- Total expenses
- $3,870,724
- Contributions and grants received
- $4,392,896
- Grants paid
- $0
- Program service revenue
- $600,919
- Investment income
- $30,533
- Other revenue
- $125,688
- Total assets, end of year
- $9,405,973
- Total liabilities, end of year
- $4,872,445
- Net assets or fund balances, end of year
- $4,533,528
- Program services expenses (Part IX)
- $3,192,981
- Management and general expenses
- $643,446
- Fundraising expenses
- $34,297
- Program service expenses (Part III)
- $3,192,981
Program services were 82.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$4,392,896
-
2a · Program service revenue: TOURS
total $304,028 · related or exempt $304,028
-
2b · Program service revenue: GRANTS
total $231,278 · related or exempt $231,278
-
2c · Program service revenue: SPECIAL EVENTS
total $65,613 · related or exempt $65,613
-
3 · Investment income
total $30,533 · related or exempt $30,533
-
6a · Gross rents
real property $32,000
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $32,000
-
6d · Net rental income or loss
total $32,000 · related or exempt $32,000
-
10a · Gross sales of inventory
$164,919
-
10b · Cost of goods sold
$74,475
-
10c · Net income from sales of inventory
total $90,444 · related or exempt $90,444
-
11a · Other revenue: MISCELLANEOUS
total $3,244 · related or exempt $3,244
-
11e · Other revenue, total
$3,244
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $172,000 · management and general $172,000
-
7 · Other salaries and wages
total $1,137,632 · program services $878,004 · management and general $259,628
-
10 · Payroll taxes
total $99,390 · program services $64,625 · management and general $34,765
-
11b · Fees: legal
total $1,200 · management and general $1,200
-
11c · Fees: accounting
total $26,089 · management and general $26,089
-
12 · Advertising and promotion
total $25,986 · program services $25,986
-
17 · Travel
total $29,228 · management and general $29,228
-
20 · Interest
total $234,505 · program services $234,505
-
22 · Depreciation, depletion and amortization
total $159,370 · program services $159,370
-
23 · Insurance
total $104,932 · program services $104,932
-
24a · Other expenses: FEED & HAY
total $549,136 · program services $549,136
-
24b · Other expenses: REPAIRS
total $346,170 · program services $303,384 · management and general $42,786
-
24c · Other expenses: VETRINARY
total $262,725 · program services $262,725
-
24d · Other expenses: BOARD OF HORSES
total $212,604 · program services $212,604
-
24e · All other expenses
total $509,757 · program services $397,710 · management and general $77,750 · fundraising $34,297
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $547,155 · end of year $1,080,940
-
2 · Savings and temporary cash investments
beginning of year $81,068 · end of year $156,206
-
7 · Other notes and loans receivable
beginning of year $9,729 · end of year $5,326
-
8 · Inventories for sale or use
beginning of year $16,737 · end of year $15,921
-
10a · Land, buildings and equipment: cost or other basis
$9,703,652
-
10b · Land, buildings and equipment: accumulated depreciation
$1,556,072
-
10c · Land, buildings and equipment, net
beginning of year $8,213,682 · end of year $8,147,580
-
11 · Investments: publicly traded securities
beginning of year $141,765
-
17 · Accounts payable and accrued expenses
beginning of year $107,838 · end of year $129,183
-
23 · Secured mortgages and notes payable
beginning of year $5,648,082 · end of year $4,743,262
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $3,254,216 · end of year $4,533,528
Mission and programs · 2025
Mission
TO CARE FOR AND PROTECT RETIRED THOUROUGHBREDS.
Activities or mission (Part I)
TO CARE FOR AND PROTECT RETIRED RACING THOROUGHBREDS.
-
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
As filed on the 2025 return.
Listed in Part VII
-
ROBERT FULMER
VICE CHAIR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 40
-
CYNTHIA GRISOLIA
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 40
-
BEV PASSARELLO
SEC'Y/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 40
-
PAT RILEY
TREASURER/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JILL BAFFERT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
PEGGY GDOVKA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SUZANNE MUNDY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
COREY JOHNSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MARK SIMON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CLARK NYBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KERRY CAUTHEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
RON WALLACE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DIANE WHITE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DR BRYAN WALDRIDGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL BLOWEN
BOARD MEMBER/FOUNDER
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT LEE SHINNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN CHU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JOHN NICHOLSON
PRESIDENT & CEO
- Total calculated
- $125,000
- From this org
- $125,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 10 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202622379349300312
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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