Civic Intelligence

Finger Lakes Thoroughbred Adoption Program Inc.

990 • Fiscal year 2017 • EIN 16-1759140

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 31, 2018

PO Box 25043Farmington, NY 14425

(585) 303-1897

Siviq Scores

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

Liabilities / Assets

70th percentile

0.04x

Higher debt load relative to assets than 70% of similar nonprofits.

2017 filings • NTEE D20 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

0.09x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • NTEE D20 • <$500k nonprofits • Source year 2017

Net Margin

10th percentile

-23%

Higher net margin than 10% of similar nonprofits.

2017 filings • NTEE D20 • <$500k nonprofits • Source year 2017

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

2017 filings • NTEE D20 • <$500k nonprofits • Source year 2017

Asset Growth

27th percentile

-7.1%

Faster asset growth than 27% of similar nonprofits.

2017 filings • NTEE D20 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

19th percentile

-26%

Faster revenue growth than 19% of similar nonprofits.

2017 filings • NTEE D20 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$336,059

Down $25,869 (-7.1%) from 2016

Net Assets

Down

$323,736

Down $30,976 (-8.7%) from 2016

Liabilities

Up

$12,323

Up $5,107 (+71%) from 2016

Revenue

Down

$132,389

Down $46,308 (-26%) from 2016

Expenses

Down

$163,365

Down $3,205 (-1.9%) from 2016

Net Income

Down

-$30,976

Down $43,103 (-355%) from 2016

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

2017

Assets$336,059
Liabilities$12,323
Net Assets$323,736

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

2017

Revenue$132,389
Expenses$163,365
Net Income-$30,976
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 31, 2018
Return Version
2017v2.2
Gross Receipts
$154,099
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$283,424$272,625▼ $10,799
Savings and Temporary Cash Investments$34,622$34,632▲ $10
Cash and Non-Interest-Bearing Accounts$41,213$26,308▼ $14,905
Prepaid Expenses and Deferred Charges$2,669$2,494▼ $175
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$361,928$336,059▼ $25,869
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$3,587$10,374▲ $6,787
Deferred Revenue$3,629$1,949▼ $1,680
Total Liabilities$7,216$12,323▲ $5,107
Net Assets / Fund Balance
Unrestricted Net Assets$351,083$321,787▼ $29,296
Temporarily Rstr Net Assets$3,629$1,949▼ $1,680
Total Net Assets Fund Balance$354,712$323,736▼ $30,976
Total Liabilities and Net Assets / Fund Balance$361,928$336,059▼ $25,869

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$212,877$83,184$296,061
Leasehold Improvements$59,539$15,979$75,518
Equipment-$9,848$9,848
Other Land Buildings$209$8,235$8,444
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kim DelongPresident
Chris RiegleVice President
Wanda PolisseniVice President
Beverly TartagliaDirector
Dave BrownDirector
Dr Robert Carr DvmDirector
Mike LecesseDirector
Patrick PlacitoDirector
Phil PalermoDirector
Phyllis ShetronDirector
Richard CutriDirector
Frances AndolinoSecretary
Vieden ZaharievTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$114,079
Program Service Revenue
$17,105
Investment Income
$10
Other Revenue
$1,195
All Other Contributions
$73,721
Change in Net Assets
$-30,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$87,742
Salaries, Compensation, and Employee Benefits$75,623
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$63,019--$63,019
All Other Expenses$9,598$3,052-$12,650
Payroll Taxes$12,604--$12,604
Depreciation Depletion$10,373$428-$10,801
Occupancy$5,140--$5,140
Other Expenses$4,301$1,856-$4,301
Advertising$513$3,371-$3,884
Insurance$2,894--$2,894
Office Expenses-$2,719-$2,719
Fees for Services Accounting-$950-$950
Fees for Services Other-$175-$175
Travel$34--$34
Total Functional Expenses$150,814$12,551$0$163,365
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$21,710
Fundraising Gross Income$21,710
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Polo Expo$25,338$9,596$9,379$217
Comedy Night$17,694$6,340$2,270$4,070
Total Events$49,382$16,696$16,696-
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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

Filer Name
Finger Lakes Thoroughbred Adoption
EIN
16-1759140
Phone
5853031897
Address
PO BOX 25043, FARMINGTON, NY 14425

Signing Officer

Name
Kim Delong
Title
President
Signed
2018-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Delong
Formed
2006
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
4
Volunteers
4

Preparer

Firm
Gordon Chodak & Chapin CPAs PC
Address
40 Office Park Way, Pittsford, NY 14534
Preparer
Steven J Gordon
Phone
5855866210
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IRS990/LandBldgEquipCostOrOtherBssAmt0389871
IRS990/LegalDomicileStateCd0NY
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0354712
IRS990/NetAssetsOrFundBalancesEOYAmt0323736
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt05140
IRS990/OccupancyGrp/TotalAmt05140
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02719
IRS990/OfficeExpensesGrp/TotalAmt02719
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0FEED AND BEDDING
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2DISPOSAL FEES
IRS990/OtherExpensesGrp/Desc3VETERINARY CARE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01856
IRS990/OtherExpensesGrp/ProgramServicesAmt029718
IRS990/OtherExpensesGrp/ProgramServicesAmt15935
IRS990/OtherExpensesGrp/ProgramServicesAmt26685
IRS990/OtherExpensesGrp/ProgramServicesAmt34301
IRS990/OtherExpensesGrp/TotalAmt029718
IRS990/OtherExpensesGrp/TotalAmt17791
IRS990/OtherExpensesGrp/TotalAmt26685
IRS990/OtherExpensesGrp/TotalAmt34301
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/ExclusionAmt01195
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01195
IRS990/OtherRevenueTotalAmt01195
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt063019
IRS990/OtherSalariesAndWagesGrp/TotalAmt063019
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt012604
IRS990/PayrollTaxesGrp/TotalAmt012604
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02669
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02494
IRS990/PrincipalOfficerNm0KIM DELONG
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ADOPTION FEES
IRS990/ProgramServiceRevenueGrp/Desc1Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012380
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14725
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012380
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14725
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0126646
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt011
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt090276
IRS990/PYOtherRevenueAmt034070
IRS990/PYProgramServiceRevenueAmt017970
IRS990/PYRevenuesLessExpensesAmt012127
IRS990/PYSalariesCompEmpBnftPaidAmt076294
IRS990/PYTotalExpensesAmt0166570
IRS990/PYTotalRevenueAmt0178697
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-30976
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt034622
IRS990/SavingsAndTempCashInvstGrp/EOYAmt034632
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0118804
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0133056
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0121381
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt094477
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt083058
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0550776
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt029
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt071
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt012380
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt011560
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt014010
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt010520
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt013640
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt062110
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt029
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt071
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt022905
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt051516
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt058249
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt048309
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt052281
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0233260
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.72430
IRS990ScheduleA/PublicSupportPY509Pct00.68690
IRS990ScheduleA/PublicSupportTotal509Amt0612886
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0131184
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0144616
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0135391
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0104997
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt096698

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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