Totals
- Total revenue
- $735,698
- Total expenses
- $1,011,431
- Contributions and grants received
- $531,946
- Grants paid
- $0
- Program service revenue
- $112,435
- Investment income
- $6,207
- Other revenue
- $85,110
- Total assets, end of year
- $141,938
- Total liabilities, end of year
- $53,351
- Net assets or fund balances, end of year
- $88,587
- Program services expenses (Part IX)
- $891,478
- Management and general expenses
- $103,018
- Fundraising expenses
- $16,935
- Program service expenses (Part III)
- $891,478
Program services were 88.1% 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
$531,946
-
2a · Program service revenue: ADOPTION FEES
total $106,590 · related or exempt $106,590
-
2b · Program service revenue: APPLICATION FEES
total $5,295 · related or exempt $5,295
-
2c · Program service revenue: BOARDING INCOME
total $550 · related or exempt $550
-
3 · Investment income
total $6,207 · related or exempt $6,207
-
8a · Fundraising events: gross income
$90,036
-
8b · Fundraising events: direct expenses
$37,811
-
8c · Net income from fundraising events
total $52,225
-
9a · Gaming: gross income
$32,885
-
9c · Net income from gaming
total $32,885 · related or exempt $32,885
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $48,151 · program services $24,075 · management and general $12,038 · fundraising $12,038
-
7 · Other salaries and wages
total $122,661 · program services $93,963 · management and general $28,698
-
8 · Pension plan contributions
total $2,593 · program services $935 · management and general $1,371 · fundraising $287
-
10 · Payroll taxes
total $13,459 · program services $9,422 · management and general $3,116 · fundraising $921
-
11c · Fees: accounting
total $15,507 · management and general $15,507
-
11g · Fees: other
total $742,910 · program services $708,257 · management and general $33,203 · fundraising $1,450
-
12 · Advertising and promotion
total $28,123 · program services $28,123
-
23 · Insurance
total $12,796 · program services $2,931 · management and general $9,085 · fundraising $780
-
24a · Other expenses: CHORLEYWOOD EXPENSE
total $19,522 · program services $19,522
-
24b · Other expenses: EMERGENT HORSE COMBACK
total $4,250 · program services $4,250
-
24c · Other expenses: EVENT & DONOR EXPENSE
total $1,459 · fundraising $1,459
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $362,162 · end of year $135,611
-
4 · Accounts receivable
end of year $873
-
9 · Prepaid expenses and deferred charges
end of year $3,614
-
10a · Land, buildings and equipment: cost or other basis
$9,565
-
10b · Land, buildings and equipment: accumulated depreciation
$7,725
-
10c · Land, buildings and equipment, net
beginning of year $2,351 · end of year $1,840
-
17 · Accounts payable and accrued expenses
beginning of year $193 · end of year $53,351
-
27 · Net assets without donor restrictions
beginning of year $364,320 · end of year $88,587
Mission and programs · 2024
Mission
WE PROVIDE PROFESSIONAL REHABILITATION, RETRAINING, AND PLACEMENT OF RETIRED THOROUGHBRED RACEHORSES WITH QUALIFIED ADOPTERS. WE SPECIALIZE IN TRANSITIONING THOROUGHBREDS WITH THE PROPER CARE AND QUALITY TRAINING THEY NEED TO SUCCEED IN SOMETHING NEW.
Activities or mission (Part I)
OUR MISSION IS TO PROVIDE PROFESSIONAL REHABILITATION, RETRAINING, AND PLACEMENT OF RETIRED THOROUGHBRED RACEHORSES WITH QUALIFIED ADOPTERS
-
SINCE OUR FOUNDING IN 2005, SECOND STRIDE INC HAS PLACED OVER 2,000 RETIRED THOROUGHBRED RACEHORSES IN NEED WITH QUALIFIED ADOPTERS THROUGHOUT THE UNITED STATES. IN 2024, 168 HORSES WERE TRANSITIONED INTO TRAINING FOR A NEW JOB AND ADOPTED INTO NEW, QUALIFIED HOMES.
Expenses $891,478 · Revenue $112,435
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kimberly S SmithKIMBERLY S SMITH
PRESIDENT
- Total calculated
- $48,150
- From this org
- $48,150
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Dr Jeff Willard DVMDR JEFF WILLARD DVM
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Laura Forbes Esq CPALAURA FORBES ESQ CPA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Glenn Curry EaGLENN CURRY EA
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Lauren SmithLAUREN SMITH
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Gary PalmisanoGARY PALMISANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sean BierneSEAN BIERNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Karen BabcockKAREN BABCOCK
DIRECTOR
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 May 2025
- IRS schema version
- 2024v5.0
- Source object
- 202513219349305566
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