Second Chance Thoroughbreds, Inc.

Ride an OTTB Today!

Spencer, NY | http://www.secondchancethoroughbreds.org

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GuideStar Charity Check

EIN: 46-1182639

Contributions tax deductible
as of March 2023

IRS BMF 509(a)(2)
as of March 13, 2023

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Charity Check report

Mission

Our mission is to provide off the track thoroughbreds 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 quiet 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 also host low-cost/free gelding clinics in order to combat over-breeding. Thoroughbreds are known for their athleticism, heart and desire to please. Ride an OTTB today!

Ruling year info

2013

Executive Director

Mrs. Collette Duddy

Main address

121 Dawson Hill Road

Spencer, NY 14883 USA

Show more contact info

EIN

46-1182639

Subject area info

Domesticated animals

Population served info

Adults

NTEE code info

Other Services (D60)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Our organization is helping to address homeless horses. Over-breeding and the ability to ship horses to slaughter in Canada and Mexico leaves many horses with no where to go. Our organization specifically works with off-the-track thoroughbred racehorses.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Social Club Initiative Gelding Program

Through grants and fundraising, we offer free/low-cost gelding clinics twice a year open to all equine breeds.

Population(s) Served

Adults

Thoroughbred Retraining and Adoption Program

Our main focus is on retraining and rehoming of thoroughbreds. Our thoroughbreds come straight off the track (mainly Finger Lakes Race Track) and through local ads (Craigslist, Facebook, etc). and are given downtime/rehab before being retrained to a career that suits their individual needs. We then adopt out our thoroughbreds with a no racing/no auction/no breeding contract that includes right of first refusal.

Population(s) Served

Adults

Thoroughbred Jubilee Benefit Horse Show

An all-thoroughbred benefit horse show to promote the athleticism and versatility of the breed. We had a day of riding education featuring a gymnastic clinic, private dressage lessons, and an obstacle demonstration as well as an adoption showcase the day before the horse show. The all-thoroughbred horse show had classes ranging from leadline to walk/trot through 2'9 hunters and 3' jumpers, including two T.I.P. classes.

Population(s) Served

Adults

Night Fight Rainbow Bridge Fund

Second Chance Thoroughbreds has limited funding available to help pay veterinary services for humane euthanasia of equines.

Population(s) Served

Adults

Where we work

Affiliations & memberships

Thoroughbred Aftercare Alliance 2022

Equus Guardian 2021

External reviews

Photos

Videos

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Evaluation documents

Number of animals rehomed

Totals By Year

Population(s) Served

Related Program

Thoroughbred Retraining and Adoption Program

Type of Metric

Context - describing the issue we work on

Direction of Success

Holding steady

Context Notes

Rehoming horses into hopefully their forever homes, also considered adoption.

Number of animals rescued

Totals By Year

Population(s) Served

Related Program

Thoroughbred Retraining and Adoption Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

The number of horses entering our program including horses donated.

Number of animal adoptions

Totals By Year

Population(s) Served

Related Program

Thoroughbred Retraining and Adoption Program

Type of Metric

Context - describing the issue we work on

Direction of Success

Holding steady

Context Notes

# of horses adopted per year, also considered rehoming.

Goals & Strategy

SOURCE: Self-reported by organization

Reports and documents

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

What is the organization aiming to accomplish?

Our goal is to help as many off the track thoroughbreds into new homes and new careers as we can; to provide a soft landing to horses at the end of their racing careers, to retrain thoroughbreds into new suitable careers based on individual strengths, to provide low-cost/free gelding clinics to address the issues of overpopulation and indiscriminate breeding, and to educate the public on the versatility of the breed.

What are the organization's key strategies for making this happen?

We take in thoroughbreds straight from the track (mainly Finger Lakes Race Track) and through urgent local ads (Craigslist, Facebook, etc.). We are also a part of Take The Lead, a thoroughbred placement program sponsored by the NY Thoroughbred Horseman's Association.

We contact former racing connections (owners, breeders, trainers) to ask for assistance in caring for and/or purchasing our thoroughbreds. Any funding we receive goes directly to our horses care including veterinary services, farrier work, dentistry, feeding and bedding.

We also write grants for funding to go towards horse care and gelding clinics.

What are the organization's capabilities for doing this?

The thoroughbreds we take in are generally those that are at risk or have uncertain futures - need to be "moved fast," recent injuries, stallions/colts, underweight, or those priced low enough that they could potentially end up at auction (usually $500 or less).

Our executive director and her husband serve as the main caretakers for our thoroughbreds and live on the premises. Additionally, one board member lives a short distance down the road and can be called if needed. Other neighbors have farm equipment and land should any resources be needed in times of emergency.

We actively seek out grant sources to assist in financials but again, only maintain a number of horses that we can support without outside funding.

We have been accredited with the Thoroughbred Aftercare Alliance since 2016. We are also a member of the NYTHA's Take The Lead Program. To increase our visibility, we list our thoroughbreds as part of A Home For Every Horse in collaboration with equine.com.

What have they accomplished so far and what's next?

In the last 10 years, we have retrained and placed over 100 thoroughbreds into new homes. In 2021, 13 horses were adopted into new homes, and we currently have 8 horses in our program. We have community social programs including the Cool Moon Hay Bank, the Rainbow Ridge Fund and the Social Club Gelding Initiative.

Financials

Second Chance Thoroughbreds, Inc.

Fiscal year: Jan 01 - Dec 31

Financial documents

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Financial data

Source: IRS Form 990

Digitizing IRS form 990 data

Second Chance Thoroughbreds, Inc.

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

Fiscal year ending: Download Data

Revenue
Contributions	$13,716
Program Services	$20,890
Investments	$0
Special Events	$2,587
Sales	$0
Other	$0
Total Revenue	$37,193

Expenses
Grants	$0
Salaries & Employee Benefits	$0
Professional Fees	$2,447
Occupancy	$4,253
Printing, Publications, Postage, etc.	$613
Other Expenses	$25,959
Total Expenses	$33,272
Net Gain/Loss	$3,921

Revenue
Contributions	$14,147
Program Services	$22,333
Investments	$0
Special Events	$389
Sales	$0
Other	$0
Total Revenue	$36,869

Expenses
Grants	$0
Salaries & Employee Benefits	$0
Professional Fees	$8,777
Occupancy	$6,635
Printing, Publications, Postage, etc.	$633
Other Expenses	$21,888
Total Expenses	$37,933
Net Gain/Loss	($1,064)

Revenue
Contributions	$10,248
Program Services	$25,237
Investments	$0
Special Events	$1,473
Sales	$0
Other	$0
Total Revenue	$36,958

Expenses
Grants	$0
Salaries & Employee Benefits	$0
Professional Fees	$14,580
Occupancy	$2,271
Printing, Publications, Postage, etc.	$524
Other Expenses	$20,325
Total Expenses	$37,700
Net Gain/Loss	($742)

Revenue
Contributions	$39,526
Program Services	$24,170
Investments	$0
Special Events	$4,315
Sales	$0
Other	$0
Total Revenue	$68,011

Expenses
Grants	$0
Salaries & Employee Benefits	$0
Professional Fees	$17,311
Occupancy	$7,809
Printing, Publications, Postage, etc.	$158
Other Expenses	$24,743
Total Expenses	$50,021
Net Gain/Loss	$17,990

Revenue
Contributions	$31,583
Program Services	$10,901
Investments	$0
Special Events	$4,061
Sales	$0
Other	$0
Total Revenue	$46,545

Expenses
Grants	$0
Salaries & Employee Benefits	$0
Professional Fees	$16,702
Occupancy	$6,251
Printing, Publications, Postage, etc.	$777
Other Expenses	$27,434
Total Expenses	$51,164
Net Gain/Loss	($4,619)

Revenue
Contributions	$26,792
Program Services	$7,290
Investments	$0
Special Events	$13,469
Sales	$0
Other	$0
Total Revenue	$47,551

Expenses
Grants	$0
Salaries & Employee Benefits	$0
Professional Fees	$13,680
Occupancy	$5,883
Printing, Publications, Postage, etc.	$822
Other Expenses	$19,278
Total Expenses	$39,663
Net Gain/Loss	$7,888

Revenue
Contributions	$37,860
Program Services	$4,185
Investments	$0
Special Events	$5,469
Sales	$0
Other	$0
Total Revenue	$47,514

Expenses
Grants	$0
Salaries & Employee Benefits	$0
Professional Fees	$15,263
Occupancy	$5,219
Printing, Publications, Postage, etc.	$2,200
Other Expenses	$23,537
Total Expenses	$46,219
Net Gain/Loss	$1,295

Revenue
Contributions	$55,368
Program Services	$3,000
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$58,368

Expenses
Grants	$0
Salaries & Employee Benefits	$0
Professional Fees	$18,655
Occupancy	$11,393
Printing, Publications, Postage, etc.	$1,340
Other Expenses	$21,030
Total Expenses	$52,418
Net Gain/Loss	$5,950

Second Chance Thoroughbreds, Inc.

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jan 01, 2013	Dec 31, 2013	Change
Contributions	$13,716
Cash & Equivalents	$0	$3,921	$3,921
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$0	$3,921	$3,921

Liabilities	Jan 01, 2013	Dec 31, 2013	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2013	Dec 31, 2013	Change
Net Assets	$0	$3,921	$3,921

Assets	Jan 01, 2014	Dec 31, 2014	Change
Contributions	$14,147
Cash & Equivalents	$3,921	$2,857	($1,064)
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$3,921	$2,857	($1,064)

Liabilities	Jan 01, 2014	Dec 31, 2014	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2014	Dec 31, 2014	Change
Net Assets	$3,921	$2,857	($1,064)

Assets	Jan 01, 2015	Dec 31, 2015	Change
Contributions	$10,248
Cash & Equivalents	$2,857	$2,115	($742)
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$2,857	$2,115	($742)

Liabilities	Jan 01, 2015	Dec 31, 2015	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2015	Dec 31, 2015	Change
Net Assets	$2,857	$2,115	($742)

Assets	Jan 01, 2016	Dec 31, 2016	Change
Contributions	$39,526
Cash & Equivalents	$2,115	$20,105	$17,990
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$2,115	$20,105	$17,990

Liabilities	Jan 01, 2016	Dec 31, 2016	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2016	Dec 31, 2016	Change
Net Assets	$2,115	$20,105	$17,990

Assets	Jan 01, 2017	Dec 31, 2017	Change
Contributions	$31,583
Cash & Equivalents	$20,105	$15,486	($4,619)
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$20,105	$15,486	($4,619)

Liabilities	Jan 01, 2017	Dec 31, 2017	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2017	Dec 31, 2017	Change
Net Assets	$20,105	$15,486	($4,619)

Assets	Jan 01, 2018	Dec 31, 2018	Change
Contributions	$26,792
Cash & Equivalents	$15,486	$23,374	$7,888
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$15,486	$23,374	$7,888

Liabilities	Jan 01, 2018	Dec 31, 2018	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2018	Dec 31, 2018	Change
Net Assets	$15,486	$23,374	$7,888

Assets	Jan 01, 2019	Dec 31, 2019	Change
Contributions	$37,860
Cash & Equivalents	$23,374	$24,669	$1,295
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$23,374	$24,669	$1,295

Liabilities	Jan 01, 2019	Dec 31, 2019	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2019	Dec 31, 2019	Change
Net Assets	$23,374	$24,669	$1,295

Assets	Jan 01, 2020	Dec 31, 2020	Change
Contributions	$55,368
Cash & Equivalents	$24,669	$30,619	$5,950
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$24,669	$30,619	$5,950

Liabilities	Jan 01, 2020	Dec 31, 2020	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2020	Dec 31, 2020	Change
Net Assets	$24,669	$30,619	$5,950

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

Executive Director

Mrs. Collette Duddy

Collette is an accomplished horse owner and rider with over 30 years of experience. She purchased her first off the track thoroughbred (OTTB) as a teenager and competed in hunter/jumpers as well as some eventing. She fell in love with the breed and has always admired the heart and athleticism that thoroughbreds possess. She has retrained many thoroughbreds over the years and hopes her organization will continue to help off the track thoroughbreds into new careers as well as to educate the public on the versatility of the breed.

Second Chance Thoroughbreds, Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Second Chance Thoroughbreds, Inc.

Board of directors
as of 02/01/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Mrs. Collette Duddy

Second Chance Thoroughbreds, Inc.

Term: 2001 - 2025

Maisey Pautz

Wendy Thompson

Collette Duddy

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 9/29/2022

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Female, Not transgender (cisgender)

Sexual orientation

Heterosexual or straight

Disability status

Person without a disability

Race & ethnicity

No data

Second Chance Thoroughbreds, Inc.

Ride an OTTB Today!

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

Our programs

Social Club Initiative Gelding Program

Thoroughbred Retraining and Adoption Program

Thoroughbred Jubilee Benefit Horse Show

Night Fight Rainbow Bridge Fund

Where we work

Affiliations & memberships

Our results

Evaluation documents

Number of animals rehomed

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of animals rescued

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of animal adoptions

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Goals & Strategy

Reports and documents

Charting impact

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

Financials

Financial documents

Revenue vs. expenses: breakdown

Financial data

Digitizing IRS form 990 data

Second Chance Thoroughbreds, Inc.

Second Chance Thoroughbreds, Inc.

Operations

Documents

Executive Director

Mrs. Collette Duddy

Second Chance Thoroughbreds, Inc.

Compensation data

Second Chance Thoroughbreds, Inc.

Board of directors data

Mrs. Collette Duddy

Board leadership practices

Board orientation and education

CEO oversight

Ethics and transparency

Board composition

Board performance

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Disability