Second Stride Inc
- Assets
- $450.2k
- Revenue
- $617.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Prospect, KY
- Founding
- 09/2006
- Data as of
- 12/2022
- EIN
- 20-2947614
Organization Overview
Second Stride Inc is located in Prospect, KY. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Second Stride Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Stride Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Second Stride Inc generated $617.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $500.3k during the year ending 12/2022. While expenses have increased by 16.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES PROFESSIONAL REHABILITATION, RETRAINING, AND PLACEMENT OF RETIRED THOROUGHBRED RACEHORSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, 133 ADDITIONAL RETIRED RACEHORSES WERE BROUGHT INTO THE PROGRAM AND 121 HORSES WERE TRANSITIONED INTO TRAINING FOR A NEW JOB AND ADOPTED INTO NEW HOMES BY YEAR-END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly S Smith President | OfficerTrustee | 20 | $0 |
Glenn Curry EA Treasurer | OfficerTrustee | 3 | $0 |
Laura Forbes ESQ CPA Secretary | OfficerTrustee | 2 | $0 |
Dr Jeff Willard DVM Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $86,166 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $481,309 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $567,475 |
| Total Program Service Revenue | $92,135 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$42,607 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $617,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,667 |
| Compensation of current officers, directors, key employees. | $6,667 |
| Compensation to disqualified persons | $72,213 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $4,247 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,961 |
| Office expenses | $9,984 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,250 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,011 |
| Insurance | $7,413 |
| All other expenses | $60,236 |
| Total functional expenses | $500,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,387 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,900 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $60,931 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $450,218 |
| Accounts payable and accrued expenses | $4,997 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,997 |
| Net assets without donor restrictions | $411,965 |
| Net assets with donor restrictions | $33,256 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $450,218 |