New York · Nonprofit
THOROUGHBRED RETIREMENT FOUNDATION INC
THOROUGHBRED RETIREMENT FOUNDATION INC (New York) receives grants from 129 organizations whose IRS filings report $5,115,461 to it, the largest being THOROUGHBRED AFTERCARE ALLIANCE FOUNDATI DBA THOROUGHBRED AFTERCARE ALLIANCE ($1,298,913). 71 of them have funded it in more than one year.
- Revenue FY2025
- $2.5M
- Funders on record
- 129
- Grants received
- $5.1M
- Net assets
- $14M
What Thoroughbred Retirement Foundation Inc does
Mission
We believe dignity and compassion are the foundation of lives well lived. We provide a lifetime sanctuary for thoroughbreds after their racing careers as well as opportunities for people wishing to improve their well-being through the undeniable healing power of horses.
As stated on its FY2025 Form 990.
Program
Trf second chances program, a vocational training program in equine care and management. Early in the thoroughbred retirement foundation's history monique s. Koehler, founder and chairman of the board, negotiated a milestone agreement with the state of new york department of correctional services. In exchange for land use and labor at the state's wallkill correctional facility, the thoroughbred retirement foundation would design, staff and maintain a vocational training program in equine care and management for incarcerated individuals. This unique program has been replicated in california, kentucky, florida, south carolina, and maryland and offers second chances for horses and humans. The trf also offers lifetime sanctuary for horses that are not included in the second chances program.
$2,125,344 spent$97,431 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $2,125,344.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $12M to $14M (+24%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 8% · 2021 5%. Grants only. Government contracts and fees sit inside program revenue.
81% of THOROUGHBRED RETIREMENT FOUNDATION INC’s revenue is contributions — more donation-reliant than the typical peer (74% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Maggie Sweet
Executive director
Board chair
Patrick Mackay
Chairman
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2023 and FY2024 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 33 funders to 49 funders, grant income rose $496k → $666k.
13 of 129 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 26% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of THOROUGHBRED RETIREMENT FOUNDATION INC’s funders (the co-funder graph). Top 30 of 129 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THOROUGHBRED RETIREMENT FOUNDATION INC has a broad base — no single funder exceeds 25% of grant income, and it takes 5 funders to reach half.
the vertical line marks half of all grant income — 5 funders to its left
58% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THOROUGHBRED RETIREMENT FOUNDATION INC.
Largest funder’s share by year: 2017 30% · 2018 33% · 2019 36% · 2020 25% · 2021 17% · 2022 25% · 2023 26% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
35% of THOROUGHBRED RETIREMENT FOUNDATION INC's funders are still giving 3 years after their first grant; 55% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
THOROUGHBRED RETIREMENT FOUNDATION INC draws 85% of its grant income from funders outside New York, across 28 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.3M arriving through sponsors registered in 9 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THOROUGHBRED RETIREMENT FOUNDATION INC's funding base is broadening — from 33 funders to 49 as grant income climbed.
this organization peer median middle 50% of peers· 813 animals nonprofits $1M–$10M, FY2025
Organizations like THOROUGHBRED RETIREMENT FOUNDATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
71% of spending goes to programs.
Governance
Public support
92%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 13 states
Screen this organization
A dated, signed PDF of the compliance screen for THOROUGHBRED RETIREMENT FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THOROUGHBRED RETIREMENT FOUNDATION INC?
- THOROUGHBRED RETIREMENT FOUNDATION INC (New York) receives grants from 129 organizations whose IRS filings report $5,115,461 to it, the largest being THOROUGHBRED AFTERCARE ALLIANCE FOUNDATI DBA THOROUGHBRED AFTERCARE ALLIANCE ($1,298,913). 71 of them have funded it in more than one year.
- How many funders does THOROUGHBRED RETIREMENT FOUNDATION INC have?
- IRS filings report 129 organizations giving $5,115,461 in grants to THOROUGHBRED RETIREMENT FOUNDATION INC, 71 of which have funded it in more than one year.
- Who is the largest funder of THOROUGHBRED RETIREMENT FOUNDATION INC?
- THOROUGHBRED AFTERCARE ALLIANCE FOUNDATI DBA THOROUGHBRED AFTERCARE ALLIANCE is the largest funder on record, with $1,298,913 in grants. The full list of funders is on this page.
- How can an organization like THOROUGHBRED RETIREMENT FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Thoroughbred Retirement →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 129 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing