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Thoroughbred Placement Resources INC FY2024 filing

Tax-deductible

Uppr Marlboro, MD501(c)(3)Since 2008AnimalsEIN 26-3266757Revenue $185K in FY2024

On file with the IRSgoodhorse.org13130 Molly Berry Rd, 20772-8074 · Uppr Marlboro, MDTax-exempt since Mar 2009Publicly supported charity — 170(b)(1)(A)(vi)

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Thoroughbred racehorses are retired from racing and are boarded, cared for, retrained and rehomed.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $2K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $37K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$185K
-5% vs prior year
Spent
$194K
To programs
79%
Net assets
$128K
By yearFY2020–FY2025
Revenue
$185K
FY2024▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$203K
FY2021$212K
FY2022$191K
FY2023$195K
FY2024$185K
FY2025$190K
Expenses
$194K
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$166K
FY2021$205K
FY2022$210K
FY2023$202K
FY2024$194K
FY2025$184K
Net assets
$128K
FY2024▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$162K
FY2021$169K
FY2022$151K
FY2023$147K
FY2024$128K
FY2025$140K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $154K Management & general 21% · $40K

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.

Part VII, Section A · reportable compensation
Kimberly Clark
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Lucy Kessler
Director
$0Pt VII · Sec A
Nina Dupont
Director
$0Pt VII · Sec A
Carol King
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Thoroughbred Placement Resources INC executive salaries →

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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 15aNo

Programs and updates

Retrains and rehabilitates Thoroughbred racehorses, educating the public about them.

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Provided by the organization

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1 program · $154K · in their own filed words · FY2024
01

Improves the lives of thoroughbred racehorses as they complete their racing careers. We transition and retrian thoroughbred racehorses for other disciplines. We also assist other horse persons to learn the requisite techniques, skill, and philosophical perspectives for such racehorse career transitions

$154Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Thoroughbred Aftercare Alliance Foundation INCFY2024$28K
Thoroughbred Charities of America INCFY2024$8K
The Mpd Higgins FoundationFY2024$1K
Total grants receivedfrom 3 funders$37K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$185K
Ln 12
Gifts and grantsLn 1h$159K
Fees for servicesLn 2g$25K
Investment incomeLn 3$1K
Money outPt IX
$194K
Ln 25
Programscol B$154K
Managementcol C$40K
Owns and owesPt X
$128K
net assets · Ln 32
Cash and savingsLn 1–2$104K
Total assetsLn 16$131K
LiabilitiesLn 26$3K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$159K
Fundraising eventsLn 1c$5K
Fees for servicesLn 2g$25K
Investment incomeLn 3$1K
Total revenueLn 12$185K
Assets in detailPt X, end of year
CashLn 1$62K
SavingsLn 2$41K
Cash and savings togetherLn 1–2$104K
Land, buildings, equipmentLn 10c$27K
Total assetsLn 16$131K
LiabilitiesLn 26$3K
Net assetsLn 32$128K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$124K$104K
Land, buildings, equipmentLn 10c$23K$27K
Total assetsLn 16$146K$131K
LiabilitiesLn 26−$533$3K
Net assetsLn 32$147K$128K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$0$1K$0
Advertising and promotionLn 12$4K$0$4K$0
Office expensesLn 13$1K$0$1K$0
OccupancyLn 16$30K$0$30K$0
TravelLn 17$5K$5K$0$0
InterestLn 20$84$0$84$0
Depreciation, depletion and amortizationLn 22$2K$0$2K$0
InsuranceLn 23$3K$3K$0$0
Other expenses (24a–d)Ln 24$7K$5K$2K$0
All other expensesLn 24e$141K$141K$0$0
Total functional expensesLn 25$194K$154K$40K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $190K$184K$5K$140K 990 PDF
FY2024 Viewing $185K$194K−$9K$128K 990 PDF
FY2023 $195K$202K−$7K$147K 990 PDF
FY2022 $191K$210K−$19K$151K 990 PDF
FY2021 $212K$205K$8K$169K 990 PDF
FY2020 $203K$166K$37K$162K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $184,795 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $144,021$159,175
I-9 Program service revenuePrior year $40,478$25,345
I-10 Investment income$1,307
I-11 Other revenuePrior year $10,044−$1,032
I-12 Total revenuePrior year $194,543$184,795
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $201,843$194,011
I-18 Total expensesPrior year $201,843$194,011
I-19 Revenue less expensesPrior year −$7,300−$9,216
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $184,795 across 6 lines filed
Lines not itemized here account for $25,345 of total revenue; see the IRS return.
VIII-1c Fundraising events$5,184
VIII-1f All other contributions, gifts and grants$159,175
VIII-1h Total contributions, gifts and grants$159,175
VIII-3 Investment incomeUnrelated business $1,307 · Excluded from tax $0$1,307
VIII-8 Net income from fundraising eventsUnrelated business −$1,032 · Excluded from tax $0−$1,032
VIII-12 Total revenueRelated to mission $25,345 · Unrelated business $275 · Excluded from tax $0$184,795
Part IX · Statement of functional expenses $194,011 across 10 lines filed
IX-11c Accounting feesPrograms $0 · Management $1,052 · Fundraising $0$1,052
IX-12 Advertising and promotionPrograms $0 · Management $3,995 · Fundraising $0$3,995
IX-13 Office expensesPrograms $0 · Management $1,252 · Fundraising $0$1,252
IX-16 OccupancyPrograms $0 · Management $30,000 · Fundraising $0$30,000
IX-17 TravelPrograms $4,825 · Management $0 · Fundraising $0$4,825
IX-20 InterestPrograms $0 · Management $84 · Fundraising $0$84
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $1,603 · Fundraising $0$1,603
IX-23 InsurancePrograms $2,804 · Management $0 · Fundraising $0$2,804
IX-24 Other expenses (24a–d)Programs $5,176 · Management $1,980 · Fundraising $0$7,156
IX-24e All other expensesPrograms $141,240 · Management $0 · Fundraising $0$141,240
IX-25 Total functional expensesPrograms $154,045 · Management $39,966 · Fundraising $0$194,011
Part X · Balance sheet $130,809 assets, 9 lines filed
Asset lines not itemized here account for $275; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $123,583$62,341
X-2 Savings and temporary cash investments$41,307
X-10c Land, buildings and equipment, netStart of year $22,589$26,886
X-16 Total assetsStart of year $146,172$130,809
X-17 Accounts payable and accrued expensesStart of year −$533$2,574
X-26 Total liabilitiesStart of year −$533$2,574
X-27 Net assets without donor restrictionsStart of year $146,705$128,235
X-32 Total net assets or fund balancesStart of year $146,705$128,235
X-33 Total liabilities and net assetsStart of year $146,172$130,809
Part XI · Reconciliation of net assets $128,235 net assets at year end
XI-1 Total revenue$184,795
XI-2 Total expenses$194,011
XI-3 Revenue less expenses−$9,216
XI-4 Net assets at start of year$146,705
XI-8 Prior period adjustments−$9,254
XI-10 Net assets at end of year$128,235

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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