Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2006.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
8 people listed on the 990; $46K paid to officers and key staff.
Kimberly S Smith’s $46K as President is at the 42nd percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Kimberly S Smith | $45,500 | $48,150 | $28,120 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Rehabilitates, retrains, and finds new homes for retired racehorses.
Questions for Second Stride INC
Your first name shows with your question. Second Stride INC answers here, for everyone.
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Since our founding in 2005, second stride inc has placed over 2,000 retired thoroughbred racehorses in need with qualified adopters throughout the united states. In 2025, 130 horses were transitioned into training for a new job and adopted into new, qualified homes.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $136K | $142K |
| Land, buildings, equipmentLn 10c | $2K | $1K |
| Total assetsLn 16 | $142K | $154K |
| LiabilitiesLn 26 | $53K | $50K |
| Net assetsLn 32 | $89K | $104K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $46K | $23K | $11K | $11K |
| Other salaries and wagesLn 7 | $115K | $88K | $27K | |
| Pension plan contributionsLn 8 | $2K | $2K | $554 | |
| Payroll taxesLn 10 | $13K | $10K | $3K | |
| Accounting feesLn 11c | $15K | $15K | ||
| Other fees for servicesLn 11g | $617K | $576K | $28K | $13K |
| Advertising and promotionLn 12 | $23K | $23K | ||
| InsuranceLn 23 | $17K | $6K | $11K | |
| Total functional expensesLn 25 | $848K | $727K | $96K | $24K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $858K | $848K | $10K | $104K | 990 PDF |
| FY2024 | $736K | $1.0M | −$276K | $89K | 990 PDF |
| FY2023 | $703K | $784K | −$81K | $364K | 990 PDF |
| FY2022 | $617K | $500K | $117K | $445K | 990 PDF |
| FY2021 | $501K | $406K | $95K | $341K | 990 PDF |
| FY2020 | $324K | $319K | $6K | $247K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $858,058 revenue, 12 lines filed
Part VI · Governance 7 of 8 board members independent, no flags
Part VIII · Statement of revenue $858,058 across 7 lines filed
Part IX · Statement of functional expenses $847,606 across 8 lines filed
Part X · Balance sheet $153,967 assets, 10 lines filed
Part XI · Reconciliation of net assets $103,801 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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