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Animals : Animal Rights, Welfare, and Services

Thoroughbred Retirement Foundation

Saving horses is saving people, too

two stars

70.12

10 Lake Avenue Saratoga Springs, NY 12866
tel: (518) 226-0028   Web Site
EIN: 13-3132741

Board Leadership
Leonard Hale
Chairman

CEO
Lenny Hale
Chairman, CEO, & President

  Score
(out of 100)
Rating
Overall Score & Rating 70.12 two stars
  Financial 57.94 one star
  Accountability & Transparency 96.00 four stars
This rating was published 04/01/2017 and includes data from FY2015, the most recent 990 received at that time.

Learn more about how we calculate the overall score and rating.

Financial

one star

57.94

Accountability & Transparency

four stars

96.00

This rating was published 04/01/2017 and includes data from FY2015, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity’s total expenses spent on the programs
and services it delivers)
67.7%
  Administrative Expenses 15.4%
  Fundraising Expenses 16.7%
  Fundraising Efficiency $0.22
  Working Capital Ratio (years) < 0.01
  Program Expenses Growth 0.9%
  Liabilities to Assets 30.2%
All data for Financial Performance Metrics calculations was provided by Thoroughbred Retirement Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Thoroughbred Retirement Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Thoroughbred Retirement Foundation (NY) 70.12 two stars
Habitat for Horses (TX) 89.30 three stars
Animal Welfare Society (ME) 91.83 four stars
Spay-Neuter Assistance Program, Inc. (TX) 85.01 three stars
Petco Foundation (TX) 96.66 four stars

Compare These Charities (Highly Rated)

Founded in 1982, the Thoroughbred Retirement Foundation (TRF) works to save thoroughbred horses no longer able to compete on the racetrack from possible neglect, abuse and slaughter. The TRF is the world's largest, best known and most respected charitable organization devoted to equine rescue. The TRF is a place of hope and renewal. It is a place for thoroughbreds to go when their racing days are behind them, a place where they will be safe, healthy and well cared for. It is a place that offers a humane alternative to the dire possibilities that have long faced a great majority of ex-racers - neglect, abuse and slaughter. It is a place, built on love and caring, that is befitting such noble and deserving animals.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,250,023
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $2,250,023
   Program Service Revenue $0
Total Primary Revenue $2,250,023
   Other Revenue $520,168
TOTAL REVENUE $2,770,191
   
EXPENSES  
   Program Expenses $2,066,897
   Administrative Expenses $503,371
   Fundraising Expenses $518,055
TOTAL FUNCTIONAL EXPENSES $3,088,323
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-318,132
   
Net Assets $6,513,564

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Vocational Training Program in Horse Care $2,066,897 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2015-12 04/01/2017 70.12 two stars
2014-12 06/01/2016 69.83 one star
 
CN 2.0
2014-12 12/22/2015 76.83 two stars
2013-12 08/01/2015 76.12 two stars
2012-12 12/01/2014 67.78 one star
2009-12 09/20/2011 --Donor Advisory

Prior to 9/1/2016, Charity Navigator issued Advisories under the name CN Watchlist and Donor Advisory. For more information on the CN Advisory system click here. This charity was issued a DA.

This donor advisory was published on Tuesday, September 20, 2011

In accordance with our policy for removing Donor Advisories, Charity Navigator removed the Donor Advisory for Thoroughbred Retirement Foundation on December 1, 2014 because the Donor Advisory had been in place for more than a year (since September 20, 2011) and because the issue that prompted the Donor Advisory has been resolved. Specifically:

  • In November 2013, the New York attorney general announced the settlement of a lawsuit against the Thoroughbred Retirement Foundation. For more information, please see the press release from Attorney General Eric T. Schneiderman's office. 

Charity Navigator had published a Donor Advisory for this charity because we became aware of the following information in connection with this charity:

  • It was reported on March 18, 2011 that the New York Attorney General’s Charities Bureau is investigating the Thoroughbred Retirement Foundation in relation to complaints about fiscal irresponsibility and improper care given to former racehorses. For further information, please see The New York Times article.
  • The charity has provided the following response.
  • On May, 3, 2012 The New York Times reported that the New York attorney general is suing the charity's board of directors for driving the  foundation into insolvency and for failing to provide money for the basic care of more than 1,100 horses in their control. See also the AG's press release.
  • On November 19, 2013, the Daily Racing Form reported that "a lawsuit brought by the attorney general of New York alleging that the Thoroughbred Retirement Foundation, one of the largest caretakers of retired Thoroughbreds in the racing industry, mistreated animals in its herd has been settled." TRF officials said Tuesday they were relieved to have the suit settled while continuing to maintain that allegations in the suit were unjustified and part of a campaign orchestrated to discredit the organization." For more information, please see the Daily Racing Form's article and the Attorney General Eric T. Schneiderman's press release.
 
CN 1.0
2009-12 04/01/2011 68.71 one star
2008-12 02/01/2010 66.65 one star
2007-12 12/01/2008 79.59 two stars
2006-12 03/01/2008 82.16 three stars
2005-12 02/01/2007 93.02 four stars
2004-12 03/01/2006 92.51 four stars
2003-12 05/01/2005 89.75 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-3132741
Name in IRS Master File THOROUGHBRED RETIREMENT FOUNDATION
NTEE Code D20
NTEE Classification Animal Protection and Welfare
NTEE Type Animal-Related
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (913) Prevention of cruelty to animals
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012
  • December, 2011

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

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Compensation % of Expenses Paid to Title
None reported -- This organization did not report a CEO
Other Salaries of Note
$88,000 2.84% Diana Pikulski Director of External Affairs

Founded in 1982, the Thoroughbred Retirement Foundation (TRF) works to save thoroughbred horses no longer able to compete on the racetrack from possible neglect, abuse and slaughter. The TRF is the world's largest, best known and most respected charitable organization devoted to equine rescue. The TRF is a place of hope and renewal. It is a place for thoroughbreds to go when their racing days are behind them, a place where they will be safe, healthy and well cared for. It is a place that offers a humane alternative to the dire possibilities that have long faced a great majority of ex-racers - neglect, abuse and slaughter. It is a place, built on love and caring, that is befitting such noble and deserving animals.

Highly Rated

Charity Name & State Overall Score Overall Rating
Thoroughbred Retirement Foundation (NY) 70.12 two stars
Habitat for Horses (TX) 89.30 three stars
Animal Welfare Association (NJ) 96.66 four stars
Helen Woodward Animal Center (CA) 85.72 three stars
Vegan Outreach (CA) 90.79 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Thoroughbred Retirement Foundation
10 Lake Avenue
Saratoga Springs, NY 12866
tel: (518) 226-0028
fax: (518) 226-0699
EIN: 13-3132741

Visit Web Site

Board Leadership

Leonard Hale
Chairman

CEO

Lenny Hale
Chairman, CEO, & President

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