Thoroughbred Retirement Foundation Inc

“Organization's process to review form 990 the chairman, ceo, and treasurer, review the form 990 individually. The three individuals hold a meeting to discuss any questions that they may have. If any corrections or changes are needed, the accounting firm engaged to prepare the form 990 is notified. Also, the executive committee and the board also review the audit report.”

“Enforcement of conflicts policy the foundation board is a governing board that meets monthly to discuss and decide on issues related to the foundation, its policy, performance and the foundation staff.”

“Form 990, part vi, section b, line 15a - compensation process for top official all salaries are approved by the board and salaried employees serving as directors are not permitted to vote when it relates to compensation. Form 990, part vi, section b, line 15b - compensation process for officers all salaries are approved by the board and salaried employees serving as directors are not permitted to vote when it relates to compensation.”

“Governing documents disclosure explanation the organization's governing documents and financial statements are available by submiting a written request to the organization's main office.”

“990 part viii: line 1f: the foundation recieves one time bequests annually during the year, which can fluctuate significantly from year to year depending upon the donor. Individual bequests for december 31, 2023 were $444,244 included in contributions line 1f. 990 part viii: line 1f: the foundation recieves grants annually during the year, which can fluctuate significantly from year to year depending upon the grantor. Grants for december 31, 2023 were $273,236 included in contributions line 1f.”

“Contract labor: program service expenses 37,390. Management and general expenses 12,493. Fundraising expenses 25,460. Total expenses 75,343. Medical supplies: program service expenses 74,113. Management and general expenses 0. Fundraising expenses 0. Total expenses 74,113. Supplies: program service expenses 43,809. Management and general expenses 25. Fundraising expenses 505. Total expenses 44,339. Rent: program service expenses 15,000. Management and general expenses 7,648. Fundraising expenses 5,580. Total expenses 28,228. Transportation: program service expenses 24,149. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,149. Training: program service expenses 22,640. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,640. Printing and publications: program service expenses 0. Management and general expenses 514. Fundraising expenses 21,899. Total expenses 22,413. Equipment rental: program service expenses 18,706. Management and general expenses 3,266. Fundraising expenses 401. Total expenses 22,373. Lease amortization, right of use asset: program service expenses 0. Management and general expenses 10,182. Fundraising expenses 10,182. Total expenses 20,364. Dues: program service expenses 428. Management and general expenses 17,355. Fundraising expenses 1,841. Total expenses 19,624. Repairs and maintenance: program service expenses 16,357. Management and general expenses 1,200. Fundraising expenses 0. Total expenses 17,557. Postage and freight: program service expenses 5,675. Management and general expenses 3,465. Fundraising expenses 8,111. Total expenses 17,251. Bank charges: program service expenses 0. Management and general expenses 5,342. Fundraising expenses 11,706. Total expenses 17,048. Pasture maintenance: program service expenses 8,755. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,755. Utilities: program service expenses 7,572. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,572. Telephone: program service expenses 3,767. Management and general expenses 3,561. Fundraising expenses 0. Total expenses 7,328. Appeal and book: program service expenses 0. Management and general expenses 0. Fundraising expenses 5,370. Total expenses 5,370. Internet: program service expenses 0. Management and general expenses 769. Fundraising expenses 769. Total expenses 1,538. Taxes and licenses: program service expenses 186. Management and general expenses 0. Fundraising expenses 0. Total expenses 186.”

“The process has not changed from the prior year”