Civic Intelligence

Take 2 Second Career Thoroughbred Program Inc

990 • Fiscal year 2021 • EIN 46-2312886

Jun 01, 2020 to May 31, 2021 • Filed on Jan 26, 2022

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

56th percentile

0.01x

Higher debt load relative to assets than 56% of similar nonprofits.

2021 filings • NTEE D • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

44th percentile

0.01x

Higher debt load relative to revenue than 44% of similar nonprofits.

2021 filings • NTEE D • $500k-$1M nonprofits • Source year 2021

Net Margin

61st percentile

23%

Higher net margin than 61% of similar nonprofits.

2021 filings • NTEE D • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

62nd percentile

$0

Higher top officer pay than 62% of similar nonprofits.

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

2021 filings • NTEE D • $500k-$1M nonprofits • Source year 2021

Asset Growth

77th percentile

40%

Faster asset growth than 77% of similar nonprofits.

2021 filings • NTEE D • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

13%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • NTEE D • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$458,764

Up $131,758 (+40%) from 2020

Net Assets

Up

$452,014

Up $131,570 (+41%) from 2020

Liabilities

Up

$6,750

Up $188 (+2.9%) from 2020

Revenue

Up

$575,160

Up $64,982 (+13%) from 2020

Expenses

Up

$443,590

Up $45,730 (+11%) from 2020

Net Income

Up

$131,570

Up $19,252 (+17%) from 2020

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

2021

Assets$458,764
Liabilities$6,750
Net Assets$452,014

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

2021

Revenue$575,160
Expenses$443,590
Net Income$131,570
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Jan 26, 2022
Return Version
2020v4.1
Gross Receipts
$575,160
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$327,006$419,368▲ $92,362
Accounts Receivable$0$39,396▲ $39,396
Total Assets$327,006$458,764▲ $131,758
Liabilities
Accounts Payable and Accrued Expenses$6,562$6,750▲ $188
Total Liabilities$6,562$6,750▲ $188
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$320,444$452,014▲ $131,570
Total Net Assets Fund Balance$320,444$452,014▲ $131,570
Total Liabilities and Net Assets / Fund Balance$327,006$458,764▲ $131,758
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard SchosbergPresident
Cinthia Ane McgreevyVice President
Adele EinhornDirector
Herb OsterDirector
Michael ShanleyDirector
Patrice Violette TaylorDirector
Patrick KellySecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$572,410
Program Service Revenue
$738
Investment Income
$2,012
Other Revenue
$0
Change in Net Assets
$131,570

Audited Revenue Reconciliation

Revenue per Audited Statements
$575,160
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$575,160
Total Revenue per Form 990
$575,160
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$282,100
Other Expenses$161,490
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$282,100--$282,100
Fees for Services Other$63,333$450-$63,783
Other Expenses$2,030--$2,030
Insurance-$1,156-$1,156
Interest-$551-$551
All Other Expenses$548--$548
Office Expenses$31--$31
Total Functional Expenses$441,433$2,157$0$443,590

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$443,590
Total Expenses per Audited Statements$443,590
Total Expenses per Form 990$443,590
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New VocationsLaura, OH501c3Support Retired Racehorses and Rescues$156,850
Rerun IncEast Greenbush, NY501c3Support Retired Racehorses and Rescues$101,750
Akindale Thoroughbred RescuePawling, NY501c3Support Retired Racehorses and Rescues$17,500
War Horses at Rose BowerAppomattox, VA501c3Support Retired Racehorses and Rescues$6,000
Acct Naturally IncGreenwhich, NY501c3Support Retired Racehorses and Rescues-
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
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
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, Part VI, Section A, Line 7A

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

Form 990, Part VI, Section B, 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, Part VI, Section B, Line 12C

Conflict of interest policy is reviewed annually.

Form 990, Part VI, Section B, Line 15

The officers, executive director, or top management officials are not compensated.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements availible to 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
Andy Belfiore
Title
Executive Director
Phone
7326732855
Signed
2022-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andy Belfiore
Formed
2013
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
3

Preparer

Firm
Leonard C Green & Co Pa
Address
900 ROUTE 9, WOODBRIDGE, NJ 07095
Preparer
Leonard C Green
Phone
7326345100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Horse transportation: program service expenses 50,147. Management and general expenses 0. Fundraising expenses 0. Total expenses 50,147. Other professional services: program service expenses 13,186. Management and general expenses 450. Fundraising expenses 0. Total expenses 13,636.

Financial Statement Notes

PART X, LINE 2:

The organization does not have any uncertain tax positions

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0443590
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0575160
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0443590
IRS990ScheduleD/TotalRevenuePerForm990Amt0575160
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0575160
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0443590
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt017500
IRS990ScheduleI/RecipientTable/CashGrantAmt1156850
IRS990ScheduleI/RecipientTable/CashGrantAmt2101750
IRS990ScheduleI/RecipientTable/CashGrantAmt36000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT RETIRED RACEHORSES AND RESCUES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SUPPORT RETIRED RACEHORSES AND RESCUES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SUPPORT RETIRED RACEHORSES AND RESCUES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SUPPORT RETIRED RACEHORSES AND RESCUES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4SUPPORT RETIRED RACEHORSES AND RESCUES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AKINDALE THOROUGHBRED RESCUE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1NEW VOCATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2RERUN INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3WAR HORSES AT ROSE BOWER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4ACCT NATURALLY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0201822473
IRS990ScheduleI/RecipientTable/RecipientEIN1311681380
IRS990ScheduleI/RecipientTable/RecipientEIN2611336739
IRS990ScheduleI/RecipientTable/RecipientEIN3461221754
IRS990ScheduleI/RecipientTable/RecipientEIN4461903687
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0323 S QUAKER HILL RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt13293 WRIGHT ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2236A WATERS RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt38367 OLD COURTHOUSE ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4PO BOX 224
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PAWLING
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LAURA
IRS990ScheduleI/RecipientTable/USAddress/CityNm2EAST GREENBUSH
IRS990ScheduleI/RecipientTable/USAddress/CityNm3APPOMATTOX
IRS990ScheduleI/RecipientTable/USAddress/CityNm4GREENWHICH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1OH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd012564
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd145337
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd212061
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd324522
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd412834
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL MEMBERS HAVE THE RIGHT TO RUN FOR THE BOARD OF DIRECTORS. ELECTIONS ARE HELD EVERY YEAR, WITH APPROXIMATELY 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/ExplanationTxt3THE OFFICERS, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIALS ARE NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILIBLE TO PUBLIC DURING REGULAR BUSINESS HOURS AT ITS BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HORSE TRANSPORTATION: PROGRAM SERVICE EXPENSES 50,147. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,147. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 13,186. MANAGEMENT AND GENERAL EXPENSES 450. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,636.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEW YORK THOROUGHBRED HORSEMEN'S ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0112940010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROF. ASSN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 170070
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0JAMAICA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd011417
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0286552
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NYTHA INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0327006
IRS990/TotalAssetsEOYAmt0458764
IRS990/TotalAssetsGrp/BOYAmt0327006
IRS990/TotalAssetsGrp/EOYAmt0458764
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0572410
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02157
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0441433
IRS990/TotalFunctionalExpensesGrp/TotalAmt0443590
IRS990/TotalGrossUBIAmt00

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