Overview
What is Thoroughbred Retirement Foundation Inc?
Thoroughbred Retirement Foundation Inc is a nonprofit organization dedicated to the rescue and rehabilitation of unwanted Thoroughbred horses. Founded by Monique S. Koehler, the organization operates a unique vocational training program in equine care and management for inmates at correctional facilities. Through collaborations with various state correctional services, they design, staff, and maintain this program to teach inmates marketable skills for employment upon release. This program not only benefits the inmates but also saves Thoroughbred horses from possible neglect, abuse, and slaughter. The organization often rescues horses in desperate need of care and rehabilitates them for adoption, ensuring they have the opportunity for "second careers" as pleasure or show-horses. With a total of 17 employees, Thoroughbred Retirement Foundation makes a significant difference in both the lives of incarcerated individuals and retired Thoroughbred horses.
Official website here: www.trfinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Thoroughbred Retirement Foundation Inc has received a strong rating of 94%, highlighting its commitment to accountability and finance with a score of 96. The organization demonstrates effective governance practices, with 100% of its board members being independent. Their financial health is reflected in a low liabilities-to-assets ratio, and various policies are in place to ensure transparency and ethical operations.
User feedback from platforms like Great Nonprofits underscores the positive impact the organization has on both horses and the individuals involved in their programs. Many volunteers and donors emphasize the transformative experiences that ex-racehorses and incarcerated individuals undergo through TRF's initiatives, noting the organization’s dedication to providing lifelong care for horses in need. The caring approach and supportive community fostered by TRF have led to numerous success stories of rehabilitation and companionship.
However, there are some concerns regarding past issues raised by a few individuals, particularly referencing critical articles from the New York Times. While these issues could affect perceptions of the organization, the overwhelmingly positive reviews from volunteers and supporters illustrate a strong commitment to improving the lives of both horses and people. Overall, TRF appears to be a well-regarded nonprofit with a significant positive impact, though potential donors and volunteers may want to consider the historical criticisms as part of their decision-making process.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Thoroughbred Retirement Foundation Inc?
96% of 18 reviewers on Facebook recommend Thoroughbred Retirement Foundation Inc. Here’s a summary of their feedback:
Many users express their satisfaction with the organization, highlighting the positive experience they have had with the thoroughbreds available for adoption. Reviewers mention the dedication of the staff and the quality of care provided to the horses, portraying a strong sense of community and passion for the mission.
Overall, the reviews indicate that the organization effectively fulfills its purpose of providing a safe and loving environment for retired racehorses while also encouraging adoptions. This has resonated positively with those who have interacted with the nonprofit, making it a recommended option for potential adopters.
This AI summary has been generated from reviews found on Facebook.
Is Thoroughbred Retirement Foundation Inc legitimate?
Thoroughbred Retirement Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thoroughbred Retirement Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $735,857
For more financial information, click here
Official website here: www.trfinc.org
What is the mission statement of Thoroughbred Retirement Foundation Inc?
The Thoroughbred Retirement Foundation Inc is dedicated to the rescue of unwanted thoroughbred horses and providing a re-entry oriented program for inmates. Through a unique partnership with correctional facilities, the organization offers a vocational training program in equine care and management for inmates, saving these horses from possible neglect, abuse, and slaughter. The goal is to teach marketable skills to inmates for employment upon release, while giving thoroughbreds a second chance. Unfortunately, the reality for many thoroughbreds after retirement is often harsh, with limited resources among horse owners leading to abandonment and eventual slaughter. The Thoroughbred Retirement Foundation assesses each horse's capabilities and provides extra care before placing them in long-term, successful adoptions. Many rescued horses regain their health and go on to have second careers as pleasure or show horses.
Official website here: www.trfinc.org
Who is the CEO of Thoroughbred Retirement Foundation Inc?
Pat Stickney is the Executive Di of Thoroughbred Retirement Foundation Inc.
Official website here: www.trfinc.org
What is the revenue of Thoroughbred Retirement Foundation Inc?
Thoroughbred Retirement Foundation Inc's revenue in 2022 was $1,901,253.
Official website here: www.trfinc.org
Who are the executives of Thoroughbred Retirement Foundation Inc and what are their salaries?
The average compensation at Thoroughbred Retirement Foundation Inc during 2022 was $43,286. There are 17 employees at Thoroughbred Retirement Foundation Inc.
Here are 12 key members and their salaries:
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Official website here: www.trfinc.org
Where can I find the form 990 for Thoroughbred Retirement Foundation Inc?
Thoroughbred Retirement Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.trfinc.org
Learn more at the official website: www.trfinc.org
Mission Statement of Thoroughbred Retirement Foundation Inc
Thoroughbred Retirement Foundation Inc, a renowned organization, is dedicated to the rescue of unwanted Thoroughbred horses and providing a re-entry oriented program for inmates. Through a unique agreement with the Department of Correctional Services, the Foundation operates a vocational training program in equine care and management for inmates at various correctional facilities. This program not only teaches marketable skills for employment upon release but also saves Thoroughbred horses from neglect, abuse, and potential slaughter.
In the early days of the Thoroughbred Retirement Foundation, Monique S. Koehler, its founder and chairman of the board, negotiated a milestone agreement. In exchange for land use and labor at a correctional facility, the Foundation designed, staffed, and maintained a vocational training program in equine care and management for inmates. This program has been replicated in California, Kentucky, Florida, South Carolina, Illinois, Virginia, and Maryland. It provides inmate-students with the opportunity to learn valuable skills while helping rescue Thoroughbred horses in need.
Unfortunately, the perception that Thoroughbred horses are assured a safe and humane retirement does not match reality. Many horse owners, even those with modest resources, are unable to maintain their horses once they become unable to earn their keep on the racetrack. Demand for horsemeat in many foreign countries and the presence of several slaughterhouses in Canada and Mexico further threaten the lives of these horses.
Thoroughbred Retirement Foundation often has to transport horses in desperate need and provide extra care to get them back to health. Horses rescued or retired to the Foundation are evaluated and re-trained by Foundation employees to assess their capabilities and place them in long-term, successful adoptions. Many of these horses go on to have second careers as pleasure or show horses. The Foundation's mission is a vital contribution to both the welfare of Thoroughbred horses and the rehabilitation of inmates.
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Impact
October, 2024
Thoroughbred Retirement Foundation Inc. plays a crucial role in addressing the welfare of unwanted Thoroughbred horses and providing rehabilitation opportunities for incarcerated individuals. By rescuing horses that are no longer able to compete, the organization mitigates the risks of neglect, abuse, or even slaughter, which many of these animals face in a harsh reality.
Simultaneously, Thoroughbred Retirement Foundation Inc. fosters meaningful change through its vocational training program in horse care for inmates. This initiative offers inmate-students valuable skills in equine care and management, ensuring they gain marketable abilities that can aid their reintegration into society upon release.
The profound impact of this dual mission ripples beyond the immediate beneficiaries. Many former racehorses find new lives as pleasure or show horses through a retraining and adoption program, while inmates gain insight, responsibility, and a sense of purpose during their time in the program. By creating a system that aligns the needs of both vulnerable horses and individuals seeking a second chance, Thoroughbred Retirement Foundation Inc. effectively transforms lives and promotes a greater awareness of the challenges facing both groups. Moreover, its successful model has inspired replication in several states, amplifying its positive influence across the country.
This information is meant to be a general summary of Thoroughbred Retirement Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,746
- Gross Receipts: $1,942,531
Assets and Liabilities:
- Total Assets: $10,103,014
- Total Liabilities: $238,567
- Net Assets: $9,864,447
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Organization Details
Founding Year
1982
Phone
(518) 226-0028Principal Officer
Pat Stickney
Main Address
POST OFFICE BOX 834, SARATOGA SPRINGS, NY, 12866
Website
www.trfinc.orgNTEE Category
Code: D200 - Animals
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