Civic Intelligence

Maker'S Mark Secretariat Center In

EIN 45-3536475 • 501(c)3 • Lexington, KY

Profile

Makers mark secretariat center is dedicated to reschooling and matching former racehorses to new homes in suitable second careers. From the kentucky horse park we advocate to the world the importance of aftercare. Our program aspires to echo the dignity and integrity of the american thoroughbred.

4155 Walt Robertson RoadLexington, KY 40511

www.secretariatcenter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.01x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.01x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

18th percentile

-34%

Higher net margin than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$59,602

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

49th percentile

-2.3%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

-11%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$497,994

Down $11,674 (-2.3%) from 2023

Liabilities

Down

$3,169

Down $2,064 (-39%) from 2023

Net Assets

Down

$494,825

Down $9,610 (-1.9%) from 2023

Revenue

Down

$346,183

Down $42,653 (-11%) from 2023

Expenses

Down

$462,848

Down $42,882 (-8.5%) from 2023

Net Income

Up

-$116,665

Up $229 (+0.2%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0-$200KAssets 2012: $86,745Liabilities 2012: $0Net Assets 2012: $86,7452012Assets 2013: $319,861Liabilities 2013: -$933Net Assets 2013: $320,7942013Assets 2014: $309,862Liabilities 2014: $391Net Assets 2014: $309,4712014Assets 2015: $286,691Liabilities 2015: $9,114Net Assets 2015: $277,5772015Assets 2016: $309,518Liabilities 2016: $20,452Net Assets 2016: $289,0662016Assets 2017: $370,281Liabilities 2017: $7,956Net Assets 2017: $362,3252017Assets 2018: $382,876Liabilities 2018: $19,430Net Assets 2018: $363,4462018Assets 2019: $390,501Liabilities 2019: $5,606Net Assets 2019: $384,8952019Assets 2020: $455,400Liabilities 2020: $7,619Net Assets 2020: $447,7812020Assets 2021: $590,421Liabilities 2021: $3,211Net Assets 2021: $587,2102021Assets 2022: $623,096Liabilities 2022: $359Net Assets 2022: $622,7372022Assets 2023: $509,668Liabilities 2023: $5,233Net Assets 2023: $504,4352023Assets 2024: $497,994Liabilities 2024: $3,169Net Assets 2024: $494,8252024

Highlighted filing

2024

Assets$497,994
Liabilities$3,169
Net Assets$494,825

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $343,215Expenses 2012: $303,970Net Income 2012: $39,2452012Revenue 2013: $510,891Expenses 2013: $276,842Net Income 2013: $234,0492013Revenue 2014: $351,049Expenses 2014: $362,372Net Income 2014: -$11,3232014Revenue 2015: $330,652Expenses 2015: $362,546Net Income 2015: -$31,8942015Revenue 2016: $481,618Expenses 2016: $470,126Net Income 2016: $11,4922016Revenue 2017: $447,081Expenses 2017: $408,864Net Income 2017: $38,2172017Revenue 2018: $441,932Expenses 2018: $442,639Net Income 2018: -$7072018Revenue 2019: $468,734Expenses 2019: $471,751Net Income 2019: -$3,0172019Revenue 2020: $405,819Expenses 2020: $371,563Net Income 2020: $34,2562020Revenue 2021: $553,088Expenses 2021: $439,149Net Income 2021: $113,9392021Revenue 2022: $558,255Expenses 2022: $472,052Net Income 2022: $86,2032022Revenue 2023: $388,836Expenses 2023: $505,730Net Income 2023: -$116,8942023Revenue 2024: $346,183Expenses 2024: $462,848Net Income 2024: -$116,6652024

Highlighted filing

2024

Revenue$346,183
Expenses$462,848
Net Income-$116,665

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.98$0.03$4.95$3.46$4.63$1.17
2023Summary only. Only limited summary data is available for this year.$5.10$0.05$5.04$3.89$5.06$1.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.23$0.00$6.23$5.58$4.72$0.86
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.90$0.03$5.87$5.53$4.39$1.14
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.55$0.08$4.48$4.06$3.72$0.34
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.91$0.06$3.85$4.69$4.72$0.03
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$0.19$3.63$4.42$4.43$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.70$0.08$3.62$4.47$4.09$0.38
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.10$0.20$2.89$4.82$4.70$0.11
2015Detailed filing. Detailed filing data is available for this year.$2.87$0.09$2.78$3.31$3.63$0.32
2014Summary only. Only limited summary data is available for this year.$3.10$0.00$3.09$3.51$3.62$0.11
2013Detailed filing. Detailed filing data is available for this year.$3.20$0.01$3.21$5.11$2.77$2.34
2012Summary only. Only limited summary data is available for this year.$0.87$0.00$0.87$3.43$3.04$0.39
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 27, 2025
Return Version
2024v5.2
Gross Receipts
$346,183
Mission and Program Overview

Mission

Secretariat center's mission is to prepare off track thoroughbreds for happy, healthy, and successful post-track careers by rehabilitating and giving them a broad-based foundation of skills to ensure a harmonious match with their adopters. We advocate for the athleticism and versatility of the american thoroughbred and provide education opportunities for human development through horsemanship.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$504,435$494,825▼ $9,610
Investments Other Securities$312,880$396,673▲ $83,793
Cash and Non-Interest-Bearing Accounts$72,186$47,026▼ $25,160
Savings and Temporary Cash Investments$100,843$30,426▼ $70,417
Land, Buildings, and Equipment, Net$19,759$19,759→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$509,668$497,994▼ $11,674
Other Assets Total$4,000$4,110▲ $110
Liabilities
Accounts Payable and Accrued Expenses$5,233$3,169▼ $2,064
Total Liabilities$5,233$3,169▼ $2,064
Net Assets / Fund Balance
Total Net Assets Fund Balance$504,435$494,825▼ $9,610
Total Liabilities and Net Assets / Fund Balance$509,668$497,994▼ $11,674

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,759$141,001$160,760
Other Securities$396,673--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$312,880---$312,880
2023$312,880---$312,880
2022$363,283-▼ $50,403-$312,880
2021$318,911-▲ $46,928-$363,283
2020$279,876-▲ $41,167-$318,911
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Bill NelsonExecutive DirectorFT$59,602$59,602
Caroline TatumEquine Program DirectorFT$40,192$40,192

Board Members and Trustees

NameTitle
Whitney AllenPresident
Matt LyonsVice-president
Brandi NicholsonBoard Member
Cole SandowBoard Member
David OsborneBoard Member
Emma Browne LovattBoard Member
Gary BushBoard Member
Holly SchmittBoard Member
Kyle KipnisBoard Member
Michael Ann EwingBoard Member
Jessica MillerSecretary
Jimmy LanfordTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$236,713
Program Service Revenue
$93,536
Investment Income
$812
Other Revenue
$15,122
All Other Contributions
$171,337
Change in Net Assets
$-116,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$253,009
Other Expenses$209,839
Total Fundraising Expense$9,258
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$111,429$4,742$2,370$118,541
Current Officers, Directors, Trustees, and Key Employees$93,807$3,992$1,996$99,795
Occupancy$56,423$2,401$1,200$60,024
Office Expenses$25,394$1,081$540$27,015
Payroll Taxes$20,865$888$444$22,197
Advertising$20,861$888$444$22,193
Insurance$17,458$742$372$18,572
Fees for Services Management$14,786$629$315$15,730
Fees for Services Accounting$14,102$600$300$15,002
Other Employee Benefits$11,727$499$250$12,476
Fees for Services Other$2,244$96$48$2,388
Travel$2,010$85$43$2,138
Other Expenses$260$11$6$277
All Other Expenses$232$10$5$247
Total Functional Expenses$435,076$18,514$9,258$462,848
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990, part vi, line 11b - organization's process to review form 990 copies of form 990 will be distributed to members of the governing body.

Form 990, Part VI, Section C, Line 19

Form 990, part vi, line 11b - organization's process to review form 990 copies of form 990 will be distributed to members of the governing body.

Form 990, Part VI, Line 11B

Organization's process to review form 990 copies of form 990 will be distributed to members of the governing body.

Form 990, Part VI, Line 19

Form 990, part vi, line 19 - governing documents disclosure explanation no documents available to the public

Filing and Contact Details

Filer

Filer Name
Secretariat Center Inc
EIN
45-3536475
Phone
8592463080
Address
4155 WALT ROBERTSON ROAD, LEXINGTON, KY 40511

Signing Officer

Name
Whitney Allen
Title
President
Phone
8592463080
Signed
2025-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Whitney Allen
Formed
2011
Legal Domicile
Ky
Voting Board Members
12
Independent Board Members
12
Employees
16
Volunteers
0

Preparer

Firm
Radwan Brown & Company Psc
Address
2421 MEMBERS WAY, LEXINGTON, KY 40504
Preparer
Troy Mulligan
Phone
8592334146
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 1

Modifed cash basis is used for reporting

FORM 990 - ORGANIZATION'S MISSION

Secretariat center's mission is to prepare off track thoroughbreds for happy, healthy, and successful post-track careers by rehabilitating and giving them a broad-based foundation of skills to ensure a harmonious match with their adopters. We advocate for the athleticism and versatility of the american thoroughbred and provide education opportunities for human development through horsemanship

Financial Statement Notes

Part V, Line 4 - Intended Uses for Endowment Funds

Earnings from endowment provides support for organization's adoption program

Raw XML AppendixShowing 400 of 504 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0SEE SCHEDULE O
IRS990/AdvertisingGrp/FundraisingAmt0444
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0888
IRS990/AdvertisingGrp/ProgramServicesAmt020861
IRS990/AdvertisingGrp/TotalAmt022193
IRS990/AllOtherContributionsAmt0171337
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IRS990/BooksInCareOfDetail/PhoneNum08592463080
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04155 WALT ROBERTSON RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0LEXINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/PersonNm10JIMMY LANFORD
IRS990/Form990PartVIISectionAGrp/PersonNm11JESSICA MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm12BILL NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm13CAROLINE TATUM
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IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt13EQUINE PROGRAM DIRECTOR
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt0372
IRS990/InsuranceGrp/ManagementAndGeneralAmt0742
IRS990/InsuranceGrp/ProgramServicesAmt017458
IRS990/InsuranceGrp/TotalAmt018572
IRS990/InvestmentIncomeGrp/ExclusionAmt0812
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt019759
IRS990/LandBldgEquipCostOrOtherBssAmt0160760
IRS990/LegalDomicileStateCd0KY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE O
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrlzdGainsLossesInvstAmt0108793
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01200
IRS990/OccupancyGrp/ManagementAndGeneralAmt02401
IRS990/OccupancyGrp/ProgramServicesAmt056423
IRS990/OccupancyGrp/TotalAmt060024
IRS990/OfficeExpensesGrp/FundraisingAmt0540
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01081
IRS990/OfficeExpensesGrp/ProgramServicesAmt025394
IRS990/OfficeExpensesGrp/TotalAmt027015
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04000
IRS990/OtherAssetsTotalGrp/EOYAmt04110
IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt012476
IRS990/OtherExpensesGrp/Desc0EQUINE RELATED EXPENSES
IRS990/OtherExpensesGrp/Desc1BARN SUPPLIES
IRS990/OtherExpensesGrp/Desc2BANK & MERCHANT FEES
IRS990/OtherExpensesGrp/Desc3MEALS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2166
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt311
IRS990/OtherExpensesGrp/ProgramServicesAmt020751
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IRS990/OtherExpensesGrp/ProgramServicesAmt23904
IRS990/OtherExpensesGrp/ProgramServicesAmt3260
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IRS990/OtherExpensesGrp/TotalAmt120024
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13609
IRS990/OtherRevenueTotalAmt015122
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0444
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0888
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IRS990/PayrollTaxesGrp/TotalAmt022197
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0WHITNEY ALLEN
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0336209
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0338634
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0276380
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0812
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt010408
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt013437
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt019759
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0141001
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0160760
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0312880
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0312880
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0312880
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0312880
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0363283
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0312880
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-50403
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt02546
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0318911
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0363283
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt046928
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt02132
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0318911
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt041167
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0396673

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