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THOROUGHBRED RETIREMENT FOUNDATION

EIN 13-3132741 SARATOGA SPGS, NY

Revenue 2025
$2,457,604
Expenses 2025
$3,013,204

Program services were 70.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
D200
Classification
1000
Street
112 SPRING ST STE 109

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

Mission

WE BELIEVE DIGNITY AND COMPASSION ARE THE FOUNDATION OF LIVES WELL LIVED. WE PROVIDE A LIFETIME SANCTUARY FOR THOROUGHBREDS AFTER THEIR RACING CAREERS AS WELL AS OPPORTUNITIES FOR PEOPLE WISHING TO IMPROVE THEIR WELL-BEING THROUGH THE UNDENIABLE HEALING POWER OF HORSES.

Activities or mission (Part I)

WE BELIEVE DIGNITY AND COMPASSION ARE THE FOUNDATION OF LIVES WELL LIVED.WE PROVIDE A LIFETIME SANCTUARY FOR THOROUGHBREDS AFTER THEIR RACING CAREERS AS WELL AS OPPORTUNITIYES FOR PEOPLE WISHING TO IMPROVE THEIR WELL-BEING THROUGH THE UNDENIABLE HEALING POWER OF HORSES.

  • TRF SECOND CHANCES PROGRAM, A VOCATIONAL TRAINING PROGRAM IN EQUINE CARE AND MANAGEMENT. EARLY IN THE THOROUGHBRED RETIREMENT FOUNDATION'S HISTORY MONIQUE S. KOEHLER, FOUNDER AND CHAIRMAN OF THE BOARD, NEGOTIATED A MILESTONE AGREEMENT WITH THE STATE OF NEW YORK DEPARTMENT OF CORRECTIONAL SERVICES. IN EXCHANGE FOR LAND USE AND LABOR AT THE STATE'S WALLKILL CORRECTIONAL FACILITY, THE THOROUGHBRED RETIREMENT FOUNDATION WOULD DESIGN, STAFF AND MAINTAIN A VOCATIONAL TRAINING PROGRAM IN EQUINE CARE AND MANAGEMENT FOR INCARCERATED INDIVIDUALS. THIS UNIQUE PROGRAM HAS BEEN REPLICATED IN CALIFORNIA, KENTUCKY, FLORIDA, SOUTH CAROLINA, AND MARYLAND AND OFFERS SECOND CHANCES FOR HORSES AND HUMANS. THE TRF ALSO OFFERS LIFETIME SANCTUARY FOR HORSES THAT ARE NOT INCLUDED IN THE SECOND CHANCES PROGRAM.

    Expenses $2,125,344 · Revenue $97,431

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • MAGGIE SWEET

    EXECUTIVE DIRECTOR

    Total calculated
    $127,525
    From this org
    $127,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • PATRICK MACKAY

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • PAUL SAYLOR

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SARAH STEIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DARYL TROPEA

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE BRENNAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KELSEY MARSHALL HUGHES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATIE LAMONICA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STOWE BURKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANITA MOTION

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MAGGIE WOLFENDALE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATIE DAVIS MCCARTHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CINDY MCDONALD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE KEATING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN CANNIE TERMED 3142025

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAT STICKENY

    CFO

    Total calculated
    $50,136
    From this org
    $50,136
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $2,457,604
    Expenses
    $3,013,204
    Contributions
    $2,000,740
    Grants paid
    $0
  • 2024
    Revenue
    $4,867,011
    Expenses
    $2,559,168
    Contributions
    $3,996,497
    Grants paid
    $0
  • 2023
    Revenue
    $2,962,392
    Expenses
    $2,401,434
    Contributions
    $2,342,647
    Grants paid
    $0
  • 2022
    Revenue
    $1,901,253
    Expenses
    $2,250,863
    Contributions
    $1,761,096
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $2,162,805
    Expenses
    $1,979,241
    Assets (EOY)
    $11,676,942

  • 2020 · 990

    Revenue
    $2,128,699
    Expenses
    $1,897,068
    Assets (EOY)
    $9,935,394

  • 2019 · 990

    Revenue
    $1,848,890
    Expenses
    $2,364,085
    Assets (EOY)
    $10,077,398

  • 2018 · 990

    Revenue
    $2,468,420
    Expenses
    $2,654,553
    Assets (EOY)
    $9,557,998

  • 2017 · 990

    Revenue
    $2,324,518
    Expenses
    $2,569,693
    Assets (EOY)
    $10,749,329

  • 2016 · 990

    Revenue
    $3,343,052
    Expenses
    $2,876,296
    Assets (EOY)
    $10,030,350

  • 2015 · 990

    Revenue
    $2,770,191
    Expenses
    $3,088,323
    Assets (EOY)
    $9,342,023

  • 2014 · 990

    Revenue
    $2,629,535
    Expenses
    $3,013,320
    Assets (EOY)
    $10,067,323

  • 2013 · 990

    Revenue
    $2,734,215
    Expenses
    $2,882,756
    Assets (EOY)
    $9,820,890

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $2,761,953
    Assets (EOY)
    $8,416,167

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.