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Nonprofiteer
← STANDARDBRED RETIREMENT FOUNDATION INC

Form 990 for tax year 2022

Filed by STANDARDBRED RETIREMENT FOUNDATION INC.

Totals

Total revenue
$1,639,459
Total expenses
$2,626,164
Contributions and grants received
$2,455,498
Grants paid
$0
Program service revenue
$0
Investment income
-$959,668
Other revenue
$143,629
Total assets, end of year
$991,353
Total liabilities, end of year
$56,028
Net assets or fund balances, end of year
$935,325
Program services expenses (Part IX)
$2,455,870
Management and general expenses
$56,033
Fundraising expenses
$114,261
Program service expenses (Part III)
$2,455,870

Program services were 93.5% 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

    $2,455,498

  • 1g · Noncash contributions included above

    $313,773

  • 3 · Investment income

    total -$959,668 · related or exempt -$959,668

  • 8a · Fundraising events: gross income

    $147,196

  • 8b · Fundraising events: direct expenses

    $3,567

  • 8c · Net income from fundraising events

    total $143,629

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $231,841 · program services $198,792 · management and general $22,722 · fundraising $10,327

  • 9 · Other employee benefits

    total $6,016 · program services $5,158 · management and general $590 · fundraising $268

  • 10 · Payroll taxes

    total $25,100 · program services $21,522 · management and general $2,460 · fundraising $1,118

  • 11c · Fees: accounting

    total $11,738 · management and general $11,738

  • 11g · Fees: other

    total $27,881 · fundraising $27,881

  • 12 · Advertising and promotion

    total $5,382 · fundraising $5,382

  • 13 · Office expenses

    total $9,193 · program services $8,817 · management and general $32 · fundraising $344

  • 17 · Travel

    total $14,785 · program services $14,785

  • 23 · Insurance

    total $5,795 · program services $2,946 · management and general $2,849

  • 24a · Other expenses: DIRECT PROGRAM EXPENSES

    total $2,178,004 · program services $2,178,004

  • 24b · Other expenses: EVENT/DIRECT

    total $35,490 · fundraising $35,490

  • 24c · Other expenses: RAFFLES

    total $18,369 · fundraising $18,369

  • 24d · Other expenses: RENT

    total $17,970 · program services $8,375 · management and general $7,749 · fundraising $1,846

  • 24e · All other expenses

    total $38,600 · program services $17,471 · management and general $7,893 · fundraising $13,236

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $356,605 · end of year $180,730

  • 10a · Land, buildings and equipment: cost or other basis

    $16,576

  • 10b · Land, buildings and equipment: accumulated depreciation

    $16,576

  • 11 · Investments: publicly traded securities

    beginning of year $1,617,305 · end of year $802,943

  • 15 · Other assets

    beginning of year $7,680 · end of year $7,680

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,560 · end of year $56,028

  • 27 · Net assets without donor restrictions

    beginning of year $1,922,030 · end of year $935,325

Mission and programs · 2022

Mission

ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES PROVIDE HUMANE CARE SERVICES FOR HORSES IN NEED OF LIFETIME HOMES, AND IN CRISIS, THROUGH REHABILITATION, TRAINING, ADOPTION, LIFELONG FOLLOW-UP, OR LIFETIME SANCTUARY; AND OFFERS THERAPEUTIC EQUINE OPPORTUNITIES FOR CHILDREN, AND ADULTS.

  • THE STANDARDBRED RETIREMENT FOUNDATION RESCUES HORSES FROM SHIPPING FOR SLAUGHTER, AND IN NEED OF HOMES. IT PROVIDES REHABILITATION SUCH AS MEDICAL; DENTAL; PROPER REFEEDING; VETERINARY ATTENTION; FARRIER, CARE, AND REST. THE OBJECTIVE IS HOMING TO CAREFULLY SCREENED ADOPTERS, HOWEVER, MANY HORSES REMAIN UNDER SRFS CARE AND EXPENSE FOR LIFE. ANNUALLY SRF HELPS 500 -800 NEW HORSES IN NEED AND FOLLOWS UP VIA VETERINARY REPORTS FROM ADOPTERS SEMI-ANNUALLY FOR LIFE. APPROXIMATELY 400-500 HOMES ARE SECURED ANNUALLY, AND AN AVERAGE OF 500 HORSES REMAIN UNDER SRF'S CARE AT ANY ONE TIME.

    Expenses $2,455,870 · Revenue $2,141,725

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Judith Bokman

    SECRETARY

    Total calculated
    $0
    Hours/week
    40

  • Bix Dimeo

    TREASURER

    Total calculated
    $0

  • Peter Gerry

    PRESIDENT

    Total calculated
    $0

  • Elizabeth Berensen

    TRUSTEE

    Total calculated
    $0

  • Stephen Bokman

    TRUSTEE

    Total calculated
    $0

  • Michael Goldberg

    TRUSTEE

    Total calculated
    $0

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
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202323199349302502

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