Standardbred Retirement Foundation Inc
- Assets
- $991.4k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 15
- Location
- Cream Ridge, NJ
- Founding
- 02/1991
- Data as of
- 12/2022
- 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 12/2022, Standardbred Retirement Foundation Inc employed 15 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 12/2022, Standardbred Retirement Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 14.4% 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
2022
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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Bokman Secretary | OfficerTrustee | 40 | $0 |
Bix Dimeo Treasurer | OfficerTrustee | $0 | |
Peter Gerry President | OfficerTrustee | $0 | |
Elizabeth Berensen Trustee | $0 | ||
Stephen Bokman 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 | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,455,498 |
| Noncash contributions included in lines 1a–1f | $313,773 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,455,498 |
| Total Program Service Revenue | $0 |
| Investment income | -$959,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $143,629 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,639,459 |
| 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 | $231,841 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,016 |
| Payroll taxes | $25,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,881 |
| Advertising and promotion | $5,382 |
| Office expenses | $9,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,785 |
| 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 | $5,795 |
| All other expenses | $38,600 |
| Total functional expenses | $2,626,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,730 |
| 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 | $802,943 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,680 |
| Total assets | $991,353 |
| Accounts payable and accrued expenses | $56,028 |
| 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 | $56,028 |
| Net assets without donor restrictions | $935,325 |
| 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 | $991,353 |