Thoroughbred Retirement Foundation Inc

“The chairman, cfo, treasurer, and the external affairs director review the form 990 individually. The four 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.”

“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.”

“All salaries are approved by the board and salaried employees serving as directors are not permitted to vote when it relate to compensation.”

“The organization's form 990 is available by submitting a written request to the organization's main office and is avaliable on guidestar's website.”

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

“Contract labor: program service expenses 14,260. Management and general expenses 2,081. Fundraising expenses 40,127. Total expenses 56,468. Repairs and maintenance: program service expenses 36,669. Management and general expenses 2,072. Fundraising expenses 0. Total expenses 38,741. Training: program service expenses 27,276. Management and general expenses 2,300. Fundraising expenses 0. Total expenses 29,576. Printing and publications: program service expenses 5,937. Management and general expenses 104. Fundraising expenses 21,137. Total expenses 27,178. Equipment rental: program service expenses 39. Management and general expenses 7,444. Fundraising expenses 19,328. Total expenses 26,811. Bank charges: program service expenses 2,244. Management and general expenses 19,829. Fundraising expenses 1. Total expenses 22,074. Postage and freight: program service expenses 1,127. Management and general expenses 4,232. Fundraising expenses 15,375. Total expenses 20,734. Medical supplies: program service expenses 20,376. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,376. Telephone: program service expenses 4,852. Management and general expenses 5,152. Fundraising expenses 5,602. Total expenses 15,606. Supplies: program service expenses 13,233. Management and general expenses 0. Fundraising expenses 61. Total expenses 13,294. Transportation: program service expenses 12,994. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,994. Utilities: program service expenses 3,363. Management and general expenses 926. Fundraising expenses 0. Total expenses 4,289. Taxes and licenses: program service expenses 875. Management and general expenses 3,100. Fundraising expenses 0. Total expenses 3,975. Internet: program service expenses 55. Management and general expenses 1,216. Fundraising expenses 1,022. Total expenses 2,293. Dues: program service expenses 290. Management and general expenses 10. Fundraising expenses 250. Total expenses 550.”

“Form 990 part xi line 2c: the board of directors is responsible for the selection of the independent accountants and the oversight of the audit of the organization's financial statements. These responsbilities have not changed from the prior year.”