Civic Intelligence

Take 2 Second Career Thoroughbred Program Inc

990 • Fiscal year 2015 • EIN 46-2312886

Jun 01, 2014 to May 31, 2015 • Filed on Oct 10, 2015

PO Box 21028Floral Park, NY 11002

(732) 673-2855

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.02x

Higher debt load relative to assets than 63% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

54th percentile

4.7%

Higher net margin than 54% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

60th percentile

7.6%

Faster asset growth than 60% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

28th percentile

-15%

Faster revenue growth than 28% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$176,505

Up $12,412 (+7.6%) from 2014

Net Assets

Up

$173,735

Up $13,802 (+8.6%) from 2014

Liabilities

Down

$2,770

Down $1,390 (-33%) from 2014

Revenue

Down

$292,305

Down $49,926 (-15%) from 2014

Expenses

Up

$278,503

Up $96,205 (+53%) from 2014

Net Income

Down

$13,802

Down $146,131 (-91%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $164,093Liabilities 2014: $4,160Net Assets 2014: $159,9332014Assets 2015: $176,505Liabilities 2015: $2,770Net Assets 2015: $173,7352015Assets 2016: $153,873Liabilities 2016: $165Net Assets 2016: $153,7082016Assets 2017: $147,099Liabilities 2017: $983Net Assets 2017: $146,1162017Assets 2018: $218,250Liabilities 2018: $1,433Net Assets 2018: $216,8172018Assets 2019: $209,657Liabilities 2019: $1,531Net Assets 2019: $208,1262019Assets 2020: $327,006Liabilities 2020: $6,562Net Assets 2020: $320,4442020Assets 2021: $458,764Liabilities 2021: $6,750Net Assets 2021: $452,0142021Assets 2022: $722,365Liabilities 2022: $7,636Net Assets 2022: $714,7292022Assets 2023: $878,013Liabilities 2023: $4,688Net Assets 2023: $873,3252023Assets 2025: $1,107,943Liabilities 2025: $3,401Net Assets 2025: $1,104,5422025

Highlighted filing

2015

Assets$176,505
Liabilities$2,770
Net Assets$173,735

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $342,231Expenses 2014: $182,298Net Income 2014: $159,9332014Revenue 2015: $292,305Expenses 2015: $278,503Net Income 2015: $13,8022015Revenue 2016: $302,078Expenses 2016: $322,105Net Income 2016: -$20,0272016Revenue 2017: $334,218Expenses 2017: $341,810Net Income 2017: -$7,5922017Revenue 2018: $338,886Expenses 2018: $268,185Net Income 2018: $70,7012018Revenue 2019: $371,387Expenses 2019: $380,078Net Income 2019: -$8,6912019Revenue 2020: $510,178Expenses 2020: $397,860Net Income 2020: $112,3182020Revenue 2021: $575,160Expenses 2021: $443,590Net Income 2021: $131,5702021Revenue 2022: $686,332Expenses 2022: $423,617Net Income 2022: $262,7152022Revenue 2023: $693,826Expenses 2023: $535,230Net Income 2023: $158,5962023Revenue 2025: $805,335Expenses 2025: $829,416Net Income 2025: -$24,0812025

Highlighted filing

2015

Revenue$292,305
Expenses$278,503
Net Income$13,802
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Oct 10, 2015
Return Version
2014v5.0
Gross Receipts
$292,305
Mission and Program Overview

Mission

The take2 second career thoroughbred program inc is committed to promoting and developing second careers for racehorses when they have retired from racing.

The take2 second career thoroughbred program inc. Is committed to promoting and developing second careers for racehorses when they have retired from racing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$164,093$175,505▲ $11,412
Accounts Receivable-$1,000-
Total Assets$164,093$176,505▲ $12,412
Liabilities
Accounts Payable and Accrued Expenses$4,160$2,770▼ $1,390
Total Liabilities$4,160$2,770▼ $1,390
Net Assets / Fund Balance
Unrestricted Net Assets$159,933$173,735▲ $13,802
Total Net Assets Fund Balance$159,933$173,735▲ $13,802
Total Liabilities and Net Assets / Fund Balance$164,093$176,505▲ $12,412
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard Violette JrPresident
Herb OsterDirector
Linda RiceDirector
Richard SchosbergDirector
Stephen a ZornDirector
Michael Shanley1st Vice Pre
Patrick Kelly2nd Vice Pre
Revenue and Support

Revenue Composition

Contributions and Grants
$292,182
Program Service Revenue
$0
Investment Income
$123
Other Revenue
$0
All Other Contributions
$11,688
Change in Net Assets
$13,802

Audited Revenue Reconciliation

Revenue per Audited Statements
$292,305
Total Revenue per Audited Statements
$292,305
Total Revenue per Form 990
$292,305
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$190,853
Grants and Similar Amounts Paid$87,650
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$87,650--$87,650
Fees for Services Other$44,873--$44,873
Fees for Services Accounting-$15,046-$15,046
Office Expenses$6,080--$6,080
Travel$1,000--$1,000
Insurance-$742-$742
Other Expenses$-198--$-198
Total Functional Expenses$262,715$15,788$0$278,503

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$278,503
Total Expenses per Audited Statements$278,503
Total Expenses per Form 990$278,503
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New VocationsLaura, OH501c3-$46,250
Rerun IncSuffolk, VA501c3-$22,400
Akindale Thoroughbred RescuePawling, NY501c3-$11,500
Other Various---$7,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 7A

All members have the right to run for the board of directors. Elections are held every year, with approximatley one-third of the board up for re- election.

Form 990, Page 6, Part VI, Line 11B

Upon completion of the form 990, as prepared by the independent cpa, the return is reviewed and discussed with the board of directors. Upon a qualified motion, a vote is held to accept or reject the form 990 as presented.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest policy is reviewed annually.

Form 990, Page 6, Part VI, Line 15A

No ceo, executive director, or top management official.

Form 990, Page 6, Part VI, Line 15B

No officer is compensated.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public during regular business hours at its business office.

Filing and Contact Details

Filer

Filer Name
Take2 Second Career
EIN
46-2312886
Phone
7326732855
Address
PO BOX 21028, FLORAL PARK, NY 11002

Signing Officer

Name
Andrea Belfiore
Title
Executive Director
Phone
7326732855
Signed
2015-10-10
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Gegorek & Company Pa
Address
1321 GENERALS HWY 303, CROWNSVILLE, MD 21032-6019
Preparer
Craig S Gegorek
Phone
4108234040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Horse transportation 10,873 0 0 consulting 34,000 0 0

Financial Statement Notes

Schedule D, Page 3, Part X

The association is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, except on net income derived from unrelated business activities. Currently, the association has no obligation for any unrelated business income tax. The association believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The association is not a private foundation.

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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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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd012564
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd145337
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd223434
IRS990ScheduleI/Total501c3OrgCnt03
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL MEMBERS HAVE THE RIGHT TO RUN FOR THE BOARD OF DIRECTORS. ELECTIONS ARE HELD EVERY YEAR, WITH APPROXIMATLEY ONE-THIRD OF THE BOARD UP FOR RE- ELECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON COMPLETION OF THE FORM 990, AS PREPARED BY THE INDEPENDENT CPA, THE RETURN IS REVIEWED AND DISCUSSED WITH THE BOARD OF DIRECTORS. UPON A QUALIFIED MOTION, A VOTE IS HELD TO ACCEPT OR REJECT THE FORM 990 AS PRESENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO OFFICER IS COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING REGULAR BUSINESS HOURS AT ITS BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6HORSE TRANSPORTATION 10,873 0 0 CONSULTING 34,000 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEW YORK THOROUGHBRED HORSEMEN'S
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0ASSOCIATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0112940010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROF. ASSN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 170070
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0JAMAICA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd011417
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0275000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NYTHA INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0164093
IRS990/TotalAssetsEOYAmt0176505
IRS990/TotalAssetsGrp/BOYAmt0164093
IRS990/TotalAssetsGrp/EOYAmt0176505
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0292182
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015788
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0262715
IRS990/TotalFunctionalExpensesGrp/TotalAmt0278503
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04160
IRS990/TotalLiabilitiesEOYAmt02770
IRS990/TotalLiabilitiesGrp/BOYAmt04160
IRS990/TotalLiabilitiesGrp/EOYAmt02770
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0159933
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0173735
IRS990/TotalProgramServiceExpensesAmt0262715
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0123
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0292305
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0164093
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0176505
IRS990/TravelGrp/ProgramServicesAmt01000
IRS990/TravelGrp/TotalAmt01000
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0159933
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0173735
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 21028
IRS990/USAddress/CityNm0FLORAL PARK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011002
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.TAKE2TBREDS.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREA BELFIORE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07326732855
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TAKE2 SECOND CAREER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0THOROUGHBRED PROGRAM INC
ReturnHeader/Filer/BusinessNameControlTxt0TAKE
ReturnHeader/Filer/EIN0462312886
ReturnHeader/Filer/PhoneNum07326732855
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 21028
ReturnHeader/Filer/USAddress/CityNm0FLORAL PARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011002
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262884272
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GEGOREK & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01321 GENERALS HWY 303
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CROWNSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0210326019
ReturnHeader/PreparerPersonGrp/PhoneNum04108234040
ReturnHeader/PreparerPersonGrp/PreparationDt02015-10-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CRAIG S GEGOREK
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-10-12T09:33:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-06-01
ReturnHeader/TaxPeriodEndDt02015-05-31
ReturnHeader/TaxYr02014

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