Civic Intelligence

Second Chance Thoroughbreds Inc.

990EZ • Fiscal year 2020 • EIN 46-1182639

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 15, 2021

121 Dawson Hill RoadSpencer, NY 14883

(607) 589-7669

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE D20 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE D20 • <$500k nonprofits • Source year 2020

Net Margin

63rd percentile

10%

Higher net margin than 63% of similar nonprofits.

2020 filings • NTEE D20 • <$500k nonprofits • Source year 2020

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.

2020 filings • NTEE D20 • <$500k nonprofits • Source year 2020

Asset Growth

61st percentile

24%

Faster asset growth than 61% of similar nonprofits.

2020 filings • NTEE D20 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

23%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • NTEE D20 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$30,619

Up $5,950 (+24%) from 2019

Net Assets

Up

$30,619

Up $5,950 (+24%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$58,368

Up $10,854 (+23%) from 2019

Expenses

Up

$52,418

Up $6,199 (+13%) from 2019

Net Income

Up

$5,950

Up $4,655 (+359%) from 2019

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2013: $3,921Liabilities 2013: $0Net Assets 2013: $3,9212013Assets 2014: $2,857Liabilities 2014: $0Net Assets 2014: $2,8572014Assets 2015: $2,115Liabilities 2015: $0Net Assets 2015: $2,1152015Assets 2016: $20,105Liabilities 2016: $0Net Assets 2016: $20,1052016Assets 2017: $15,486Liabilities 2017: $0Net Assets 2017: $15,4862017Assets 2018: $23,374Liabilities 2018: $0Net Assets 2018: $23,3742018Assets 2019: $24,669Liabilities 2019: $0Net Assets 2019: $24,6692019Assets 2020: $30,619Liabilities 2020: $0Net Assets 2020: $30,6192020Assets 2021: $38,151Liabilities 2021: $0Net Assets 2021: $38,1512021Assets 2022: $43,015Liabilities 2022: $0Net Assets 2022: $43,0152022Assets 2023: $43,082Liabilities 2023: $0Net Assets 2023: $43,0822023Assets 2024: $60,355Liabilities 2024: $0Net Assets 2024: $60,3552024Assets 2025: $76,256Liabilities 2025: $0Net Assets 2025: $76,2562025

Highlighted filing

2020

Assets$30,619
Liabilities$0
Net Assets$30,619

Operations Trend

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

$100K$50K$0-$50KRevenue 2013: $37,193Expenses 2013: $33,272Net Income 2013: $3,9212013Revenue 2014: $36,869Expenses 2014: $37,933Net Income 2014: -$1,0642014Revenue 2015: $36,958Expenses 2015: $37,700Net Income 2015: -$7422015Revenue 2016: $68,011Expenses 2016: $50,021Net Income 2016: $17,9902016Revenue 2017: $46,545Expenses 2017: $51,164Net Income 2017: -$4,6192017Revenue 2018: $47,551Expenses 2018: $39,663Net Income 2018: $7,8882018Revenue 2019: $47,514Expenses 2019: $46,219Net Income 2019: $1,2952019Revenue 2020: $58,368Expenses 2020: $52,418Net Income 2020: $5,9502020Revenue 2021: $57,380Expenses 2021: $49,848Net Income 2021: $7,5322021Revenue 2022: $74,077Expenses 2022: $69,213Net Income 2022: $4,8642022Revenue 2023: $70,892Expenses 2023: $70,825Net Income 2023: $672023Revenue 2024: $85,522Expenses 2024: $68,249Net Income 2024: $17,2732024Revenue 2025: $93,301Expenses 2025: $77,400Net Income 2025: $15,9012025

Highlighted filing

2020

Revenue$58,368
Expenses$52,418
Net Income$5,950
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 15, 2021
Return Version
2020v4.0
Gross Receipts
$58,368
Mission and Program Overview

Mission

The mission of Second Chance Thoroughbreds, Inc. is to provide Off The Track Thoroughbreds (OTTBs) with a soft landing after the end of their racing or broodmare careers, by giving them ample rehabilitation and retraining, transitioning them to a new career. We also work to educate and demonstrate to the public how versatile and trainable thoroughbreds are through clinics, shows, parades, community events, etc. All stallions/colts are gelded upon arrival and all of our mares are adopted with a no breeding contract. We regularly network thoroughbreds needing homes in our area and maintain an active social media presence. Thoroughbreds are known for their athleticism, heart and desire to please. In 2025, we successfully rehomed 13 thoroughbreds.

The mission of Second Chance Thoroughbreds, Inc. is to provide Off The Track Thoroughbreds (OTTBs) with a soft landing after the end of their racing careers by giving them ample rehabilitation and retraining, transitioning them to a new career. We also work to educate and demonstrate to the public how versatile and trainable thoroughbreds are through clinics, shows, parades, community events, etc. All stallions/colts are gelded upon arrival and all of our mares are adopted with a no breeding contract. We regularly network thoroughbreds needing homes in our area and maintain an active social media presence. Thoroughbreds are known for their athleticism, heart and desire to please. In 2020, we successfully rehomed 11 thoroughbreds, and took in 12 horses total for 2020.

Program Services

DescriptionGrantsExpenses
In 2019, Second Chance Thoroughbreds, Inc. successfully rehomed 12 horses and had 19 horses in our program. Our Seventh Annual Thoroughbred Jubilee was our most successful to date, with 60 horses competing. Besides being a major fundraiser for our organization, it is a celebration of the thoroughbred and a demonstration of all the off the track thoroughbred can accomplish.$0$0
In 2020, Second Chance Thoroughbreds rehomed 11 thoroughbreds and took in 12 thoroughbreds to our program. Because of the pandemic, we did not host any fundraising events for 2020.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Collette DuddyExecutive DirectorFT$0--
Robyn Null-HancockSecretaryPT$0--
Candace KellyTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Second Chance Thoroughbreds Inc
EIN
46-1182639
Phone
6075897669
Address
121 Dawson Hill Road, Spencer, NY 14883

Signing Officer

Name
Collette Duddy
Title
Executive Director
Phone
6075897669
Signed
2021-03-15
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Other expenses include: Hay 7549, grain 8727, shavings 1060, travel 2778, horse purchases 1500. Outside included veterinary care 6822, farrier 3210, shipping services 1648, insurance 2889 and advertising 1012. A new fencing project which gave us 3 new turnout areas with Ramm flex fence and no climb fencing cost 9170.

Raw XML Appendix157 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.

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IRS990EZ/PrimaryExemptPurposeTxt0The mission of Second Chance Thoroughbreds, Inc. is to provide Off The Track Thoroughbreds (OTTBs) with a soft landing after the end of their racing careers by giving them ample rehabilitation and retraining, transitioning them to a new career. We also work to educate and demonstrate to the public how versatile and trainable thoroughbreds are through clinics, shows, parades, community events, etc. All stallions/colts are gelded upon arrival and all of our mares are adopted with a no breeding contract. We regularly network thoroughbreds needing homes in our area and maintain an active social media presence. Thoroughbreds are known for their athleticism, heart and desire to please. In 2020, we successfully rehomed 11 thoroughbreds, and took in 12 horses total for 2020.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1In 2020, Second Chance Thoroughbreds rehomed 11 thoroughbreds and took in 12 thoroughbreds to our program. Because of the pandemic, we did not host any fundraising events for 2020.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Other expenses include: Hay 7549, grain 8727, shavings 1060, travel 2778, horse purchases 1500. Outside included veterinary care 6822, farrier 3210, shipping services 1648, insurance 2889 and advertising 1012. A new fencing project which gave us 3 new turnout areas with Ramm flex fence and no climb fencing cost 9170.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Collette Duddy
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum06075897669
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-15
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ReturnHeader/Filer/EIN0461182639
ReturnHeader/Filer/PhoneNum06075897669
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ReturnHeader/Filer/USAddress/ZIPCd014883
ReturnHeader/ReturnTs02021-03-18T12:49:06-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings