Standardbred Retirement Foundation Inc
- Assets
- $2.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Cream Ridge, NJ
- Founding
- 02/1991
- Data as of
- 12/2021
- EIN
- 52-0325043
Organization Overview
Standardbred Retirement Foundation Inc is located in Cream Ridge, NJ. The organization was established in 1991. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Standardbred Retirement Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Standardbred Retirement Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Standardbred Retirement Foundation Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 13.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE REHABILITATION, RETRAINING, ADOPTION, RESCUE, AND RETIREMENT FOR HORSES, PARTICULARLY THOSE THAT WOULD HAVE OTHERWISE SUFFERED AND SHIPPED TO LIVESTOCK AUCTIONS AND SOLD TO SLAUGHTER. PROVIDE FULLCARE, BOARDING, FEEDING, REHABILITATION, VETERINARY CARE, DENTAL CARE, RETRAINING, AND ADOPTION SERVICES. FOLLOW UP OF APOTED HORSES SINCE 1989 SEMI-ANNUALLY TO ENSURE GOOD CARE REMAINS. RE-HOME THOSE IN NEED,PROVIDE CARE FOR THE HORSES THAT RETIRED FOR LIFE UNDER THE ORGANIZATIONS CARE, AND CONTINUED THERAPEUTIC EQUINE PROGRAMS. ON AVERAGE 400-500 HORSES ARE UNDER THE EXPENSE OF THE PROGRAM ON A DAILY BASIS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Bokman Secretary | OfficerTrustee | 40 | $25,757 |
Bix Dimeo Treasurer | OfficerTrustee | $0 | |
Peter Gerry President | OfficerTrustee | $0 | |
Stephen Bokman Trustee | $0 | ||
Elizabeth Berensen Trustee | $0 | ||
Michael Goldberg Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,402 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,390,280 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,427,682 |
| Total Program Service Revenue | $76,928 |
| Investment income | $64,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $638,538 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,207,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,172 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,908 |
| Payroll taxes | $22,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,692 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,781 |
| Advertising and promotion | $12,655 |
| Office expenses | $11,908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,300 |
| All other expenses | $33,154 |
| Total functional expenses | $2,242,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,605 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,617,305 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,680 |
| Total assets | $1,981,590 |
| Accounts payable and accrued expenses | $59,560 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $59,560 |
| Net assets without donor restrictions | $1,922,030 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,981,590 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Standardbred Retirement Foundation Inc has recieved totaling $34,800.
| Awarding Organization | Amount |
|---|---|
Audrey Love Charitable Foundation Mineola, NY PURPOSE: CHARITY | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: CIVIL RIGHTS | $8,000 |
Virginia Equine Alliance Warrenton, VA PURPOSE: SUPPORT AFTERCARE OF RETIRED THOROUGHBRED RACE HORSES | $7,000 |
Reuben And Rose Mattus Foundation Inc Melville, NY PURPOSE: CHARITABLE PURPOSE | $5,000 |
Murrell Foundation Dallas, TX PURPOSE: GENERAL PURPOSE | $4,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neo Philanthropy Action Fund Inc New York, NY | $9,329,811 | $21,155,351 |
The Atlantic Advocacy Fund Inc New York, NY | $20,496 | $32,042 |
Justice And Education Fund Inc New York, NY | $2,456,298 | $7,724,323 |
Integrity First For America New York, NY | $2,075,766 | $5,017,665 |
Help From People To People Inc Nanuet, NY | $1,944,472 | $3,899,903 |
Firelight Media Inc New York, NY | $9,388,103 | $5,054,390 |
United For Respect Brooklyn, NY | $4,038,584 | $3,853,685 |
Womens Link Worldwide Inc New York, NY | $4,045,592 | $4,013,798 |
Glens Falls Independent Living Center Inc Queensbury, NY | $1,771,208 | $2,750,058 |
We Are All Human Foundation New York, NY | $644,546 | $2,024,063 |
Standardbred Retirement Foundation Inc Cream Ridge, NJ | $1,981,590 | $2,207,538 |
Coro New York Leadership Center New York, NY | $1,264,232 | $1,726,368 |