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Nonprofiteer
← TAKE2 SECOND CAREER THOROUGHBRED PROGRAM INC

Form 990 for tax year 2023

Filed by TAKE2 SECOND CAREER THOROUGHBRED PROGRAM INC.

Totals

Total revenue
$939,305
Total expenses
$748,305
Contributions and grants received
$906,927
Grants paid
$0
Program service revenue
$0
Investment income
$32,378
Other revenue
$0
Total assets, end of year
$1,072,552
Total liabilities, end of year
$8,227
Net assets or fund balances, end of year
$1,064,325
Program services expenses (Part IX)
$744,948
Management and general expenses
$3,357
Fundraising expenses
$0
Program service expenses (Part III)
$744,948

Program services were 99.6% 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.

  • 1b · Membership dues

    $8,490

  • 1d · Related organizations

    $305,000

  • 1f · All other contributions, gifts and grants

    $593,437

  • 1g · Noncash contributions included above

    $3,750

  • 3 · Investment income

    total $32,378 · excluded $32,378

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $33,281 · program services $32,343 · management and general $938

  • 11f · Fees: investment management

    total $1,263 · management and general $1,263

  • 11g · Fees: other

    total $45,403 · program services $45,403

  • 13 · Office expenses

    total $6,089 · program services $6,089

  • 23 · Insurance

    total $1,156 · management and general $1,156

  • 24a · Other expenses: TAKE THE LEAD- AFTERCAR

    total $567,995 · program services $567,995

  • 24b · Other expenses: TAKE2: SPONSORSHIP

    total $78,736 · program services $78,736

  • 24c · Other expenses: TAKE THE LEAD- AFTERCAR

    total $5,605 · program services $5,605

  • 24d · Other expenses: TAKE THE LEAD-OTHER PRO

    total $3,750 · program services $3,750

  • 24e · All other expenses

    total $5,027 · program services $5,027

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $878,013 · end of year $1,072,552

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,688 · end of year $8,227

  • 27 · Net assets without donor restrictions

    beginning of year $873,325 · end of year $1,064,325

Mission and programs · 2023

Mission

THE TAKE2 SECOND CAREER THOROUGHBRED PROGRAM INC IS COMMITTED TO PROMOTING AND DEVELOPING SECOND CAREERS FOR RACEHORSES WHEN THEY HAVE RETIRED FROM RACING.

Activities or mission (Part I)

THE TAKE2 SECOND CAREER THOROUGHBRED PROGRAM, INC IS COMMITTED TO PROMOTING AND DEVELOPING SECOND CAREERS FOR RACEHORSES WHEN THEY HAVE RETIRED FROM RACING.

  • TAKE2 PROMOTES AND DEVELOPS SECOND CAREERS FOR RETIRED RACEHORSES AS HUNTERS AND JUMPERS.

    Expenses $118,432

  • TAKE THE LEAD THOROUGHBRED RETIREMENT PROGRAM PARTNERS WITH ESTABLISHED AFTERCARE PROGRAMS TO PROVIDE REHABILITATION AND RETRAINING PLACEMENTS FOR THE THOROUGHBREDS RETIRING FROM COMPETITION ON THE NEW YORK RACING ASSOCIATION CIRCUIT.

    Expenses $626,516

As filed on the 2023 return.

Listed in Part VII

  • Herb Oster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Shanley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adele Einhorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrice Violette Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Schosberg

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Patrick Kelly

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Cinthia Ane McGreevy

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
6 February 2025
IRS schema version
2023v6.0
Source object
202500389349301225

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