Civic Intelligence

Finger Lakes Thoroughbred Adoption Program Inc.

990 • Fiscal year 2013 • EIN 16-1759140

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 29, 2014

PO Box 2504314425

(585) 303-1897

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.09x

Higher debt load relative to assets than 76% of similar nonprofits.

2013 filings • NTEE D20 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

91st percentile

0.24x

Higher debt load relative to revenue than 91% of similar nonprofits.

2013 filings • NTEE D20 • <$500k nonprofits • Source year 2013

Net Margin

7th percentile

-24%

Higher net margin than 7% of similar nonprofits.

2013 filings • NTEE D20 • <$500k nonprofits • Source year 2013

Top Officer Pay

90th percentile

$0

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • NTEE D20 • <$500k nonprofits • Source year 2013

Asset Growth

26th percentile

-8.8%

Faster asset growth than 26% of similar nonprofits.

2013 filings • NTEE D20 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$364,045

Down $35,056 (-8.8%) from 2012

Net Assets

Down

$332,043

Down $31,872 (-8.8%) from 2012

Liabilities

Down

$32,002

Down $3,184 (-9.0%) from 2012

Revenue

$130,797

No earlier filing loaded for comparison.

Expenses

Up

$162,669

Up $6,906 (+4.4%) from 2012

Net Income

-$31,872

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2010: $385,226Liabilities 2010: $4,930Net Assets 2010: $380,2962010Assets 2011: $417,272Liabilities 2011: $52,617Net Assets 2011: $364,6552011Assets 2012: $399,101Liabilities 2012: $35,186Net Assets 2012: $363,9152012Assets 2013: $364,045Liabilities 2013: $32,002Net Assets 2013: $332,0432013Assets 2014: $350,400Liabilities 2014: $23,445Net Assets 2014: $326,9552014Assets 2015: $357,686Liabilities 2015: $15,101Net Assets 2015: $342,5852015Assets 2016: $361,928Liabilities 2016: $7,216Net Assets 2016: $354,7122016Assets 2017: $336,059Liabilities 2017: $12,323Net Assets 2017: $323,7362017Assets 2018: $299,381Liabilities 2018: $16,041Net Assets 2018: $283,3402018Assets 2019: $299,013Liabilities 2019: $2,699Net Assets 2019: $296,3142019Assets 2020: $335,278Liabilities 2020: $2,700Net Assets 2020: $332,5782020Assets 2021: $374,215Liabilities 2021: $18,778Net Assets 2021: $355,4372021Assets 2022: $462,254Liabilities 2022: $3,392Net Assets 2022: $458,8622022Assets 2023: $479,231Liabilities 2023: $2,026Net Assets 2023: $477,2052023Assets 2024: $572,364Liabilities 2024: $2,368Net Assets 2024: $569,9962024

Highlighted filing

2013

Assets$364,045
Liabilities$32,002
Net Assets$332,043

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2010: $179,0582010Expenses 2011: $194,1182011Expenses 2012: $155,7632012Revenue 2013: $130,797Expenses 2013: $162,669Net Income 2013: -$31,8722013Revenue 2014: $141,789Expenses 2014: $146,877Net Income 2014: -$5,0882014Revenue 2015: $175,525Expenses 2015: $159,895Net Income 2015: $15,6302015Revenue 2016: $178,697Expenses 2016: $166,570Net Income 2016: $12,1272016Revenue 2017: $132,389Expenses 2017: $163,365Net Income 2017: -$30,9762017Revenue 2018: $138,382Expenses 2018: $178,778Net Income 2018: -$40,3962018Revenue 2019: $188,554Expenses 2019: $175,580Net Income 2019: $12,9742019Revenue 2020: $185,356Expenses 2020: $149,092Net Income 2020: $36,2642020Revenue 2021: $188,161Expenses 2021: $165,302Net Income 2021: $22,8592021Revenue 2022: $296,242Expenses 2022: $192,817Net Income 2022: $103,4252022Revenue 2023: $214,582Expenses 2023: $196,239Net Income 2023: $18,3432023Revenue 2024: $301,486Expenses 2024: $207,862Net Income 2024: $93,6242024

Highlighted filing

2013

Revenue$130,797
Expenses$162,669
Net Income-$31,872
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 29, 2014
Return Version
2013v3.1
Gross Receipts
$149,008
Mission and Program Overview

Mission

The Finger Lakes Thoroughbred Adoption Program, Inc. (www.fingerlakestap.org) is dedicated to providing a safe-haven for horses leaving the Finger Lakes Racetrack through placement in qualified, caring homes and placement agencies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$316,400$304,637▼ $11,763
Savings and Temporary Cash Investments$49,561$49,590▲ $29
Cash and Non-Interest-Bearing Accounts$29,686$6,875▼ $22,811
Prepaid Expenses and Deferred Charges$3,454$2,941▼ $513
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$399,101$364,045▼ $35,056
Other Assets Total-$2-
Liabilities
Unsecured Notes Loans Payable$24,249$18,592▼ $5,657
Accounts Payable and Accrued Expenses$4,937$5,806▲ $869
Deferred Revenue$5,629$5,629→ $0
Other Liabilities$371$1,975▲ $1,604
Total Liabilities$35,186$32,002▼ $3,184
Net Assets / Fund Balance
Unrestricted Net Assets$363,915$326,414▼ $37,501
Temporarily Rstr Net Assets-$5,629-
Total Net Assets Fund Balance$363,915$332,043▼ $31,872
Total Liabilities and Net Assets / Fund Balance$399,101$364,045▼ $35,056

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$276,753$54,048$330,801
Leasehold Improvements$22,717$5,821$28,538
Equipment$2,388$7,460$9,848
Other Land Buildings$2,779$5,665$8,444
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brian MoorePresident
Wanda PolisseniVice President
Beverly TartagliaDirector
Bob CarrDirector
Chris ReigleDirector
Dave BrownDirector
Mike LecesseDirector
Patrick PlacitoDirector
Phil PalermoDirector
Phyllis ShetronDirector
Rich CutriDirector
Frances AndolinoSecretary
Vieden ZaharievTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$83,058
Program Service Revenue
$13,640
Investment Income
$29
Other Revenue
$34,070
All Other Contributions
$78,983
Change in Net Assets
$-31,872
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$93,916
Salaries, Compensation, and Employee Benefits$68,753
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$68,753--$68,753
All Other Expenses$7,510$4,281-$11,791
Depreciation Depletion$9,247$2,516-$11,763
Insurance$7,012--$7,012
Fees for Services Other-$5,063-$5,063
Advertising$626$3,320-$3,946
Other Expenses$3,669$1,127-$3,669
Office Expenses-$1,780-$1,780
Interest-$1,317-$1,317
Travel$432--$432
Total Functional Expenses$143,265$19,404$0$162,669
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$51,887
Fundraising Direct Expenses$18,211
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$33,508$33,508$549$32,959
Event 2$6,344$6,344$2,951$3,393
Total Events$39,852$39,852$11,445$28,407
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$1,975
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The financial statements and form 990 are presented to the board of directors. Prior to a monthly board meeting, the board is to review the the financial statements and form 990. After the board understands and is satisfied with the reports, they will then vote on their approval.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

EIN
16-1759140
Phone
5853031897

Signing Officer

Name
Brian Moore
Title
President
Signed
2014-07-29
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
15

Preparer

Preparer
Steven J Gordon
Phone
5855866210
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IRS990/MethodOfAccountingAccrualInd0X
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IRS990/MissionDesc0The Finger Lakes Thoroughbred Adoption Program, Inc. (www.fingerlakestap.org) is dedicated to providing a safe-haven for horses leaving the Finger Lakes Racetrack through placement in qualified, caring homes and placement agencies.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01780
IRS990/OfficeExpensesGrp/TotalAmt01780
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt02
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0FEED AND BEDDING
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2BLACKSMITH
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
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IRS990/OtherExpensesGrp/ProgramServicesAmt036787
IRS990/OtherExpensesGrp/ProgramServicesAmt15489
IRS990/OtherExpensesGrp/ProgramServicesAmt23740
IRS990/OtherExpensesGrp/ProgramServicesAmt33669
IRS990/OtherExpensesGrp/TotalAmt036787
IRS990/OtherExpensesGrp/TotalAmt16616
IRS990/OtherExpensesGrp/TotalAmt23740
IRS990/OtherExpensesGrp/TotalAmt33669
IRS990/OtherLiabilitiesGrp/BOYAmt0371
IRS990/OtherLiabilitiesGrp/EOYAmt01975
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/ExclusionAmt0394
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IRS990/OtherRevenueTotalAmt0394
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt068753
IRS990/OtherSalariesAndWagesGrp/TotalAmt068753
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03454
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02941
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ADOPTION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013640
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013640
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt097864
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt049
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt086526
IRS990/PYOtherRevenueAmt035340
IRS990/PYProgramServiceRevenueAmt021770
IRS990/PYRevenuesLessExpensesAmt0-740
IRS990/PYSalariesCompEmpBnftPaidAmt069237
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IRS990/PYTotalRevenueAmt0155023
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-31872
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt049561
IRS990/SavingsAndTempCashInvstGrp/EOYAmt049590
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt083058
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt097864
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt093260
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt097745
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0132063
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0503990
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt029
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0233
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0462
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt013640
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt021770
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt022050
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt028175
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0115545
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt029
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt049
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0233
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0462
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0834
IRS990ScheduleA/InvestmentIncomeCYPct00.00090
IRS990ScheduleA/InvestmentIncomePYPct00.00130
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt052281
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt063611
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt080191
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt072208
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt061610
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0329901
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.65200
IRS990ScheduleA/PublicSupportPY509Pct00.71830
IRS990ScheduleA/PublicSupportTotal509Amt0619535
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt096698
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0119634
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0123170
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0119795
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0160238
IRS990ScheduleA/Total509Grp/TotalAmt0619535
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0149008
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0183294
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0203422
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0192236

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.72$0.02$5.70$3.01$2.08$0.94
2023Detailed filing. Detailed filing data is available for this year.$4.79$0.02$4.77$2.15$1.96$0.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.62$0.03$4.59$2.96$1.93$1.03
2021Detailed filing. Detailed filing data is available for this year.$3.74$0.19$3.55$1.88$1.65$0.23
2020Detailed filing. Detailed filing data is available for this year.$3.35$0.03$3.33$1.85$1.49$0.36
2019Detailed filing. Detailed filing data is available for this year.$2.99$0.03$2.96$1.89$1.76$0.13
2018Detailed filing. Detailed filing data is available for this year.$2.99$0.16$2.83$1.38$1.79$0.40
2017Detailed filing. Detailed filing data is available for this year.$3.36$0.12$3.24$1.32$1.63$0.31
2016Detailed filing. Detailed filing data is available for this year.$3.62$0.07$3.55$1.79$1.67$0.12
2015Detailed filing. Detailed filing data is available for this year.$3.58$0.15$3.43$1.76$1.60$0.16
2014Detailed filing. Detailed filing data is available for this year.$3.50$0.23$3.27$1.42$1.47$0.05
2013Detailed filing. Detailed filing data is available for this year.$3.64$0.32$3.32$1.31$1.63$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.99$0.35$3.64$1.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.17$0.53$3.65$1.94
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.85$0.05$3.80$1.79