Fiordland Equestrian Thoroughbred Rehabilitation Program
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To retire thoroughbred's from the racing industry by rehabilitating and placing in new careers and homes.
- Income
- $82,746
- Spending
- $76,626
- Spent on programs
- 100%
- Reserves
- 1 months of spending
- Largest source of income
- donations and private grants, 91%
- Employees
- 0
- Volunteers
- 2
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 53 out of 100. Higher than 23% of charities in its peer group (animals, under $250k).
Reserves
10 of 35Spendable reserves would cover 1.0 months of spending.
Debt
5 of 20It owes 68% of what it owns.
Living within its means
15 of 15Income exceeded spending by 7% of income.
Spending floor
15 of 15100% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 69 out of 100. Higher than 72% of charities in its peer group (animals, under $250k).
Independent board
0 of 252 of 2 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $53,602 spent. Equine Rehabilitation Program The Fiordland Equestrian Thoroughbred Rehabilitation Program provides rehabilitation and recovery services for retired Thoroughbred racehorses transitioning out of the racing industry. Horses entering the program frequently require veterinary evaluation, nutritional support, and controlled conditioning to recover from the physical demands associated with racing. Program services include veterinary care, farrier services, dental care, specialized feeding programs, and structured turnout in a pasture-based environment designed to promote physical recovery and long-term soundness. Horses receive individualized care plans focused on restoring health and preparing them for retraining and future placement. This program supports the organization's mission by stabilizing horses physically and mentally before they begin retraining for second careers. In 2025, the organization received and commenced rehabilitation on five horses.
- $15,315 spent. The organization provides retraining services for rehabilitated Thoroughbred horses to prepare them for second careers outside of racing. Horses are evaluated for temperament, soundness, and aptitude for various riding disciplines. Program activities include groundwork, saddle training, desensitization, and development of basic riding skills necessary for safe handling and riding by future owners. Horses are progressively conditioned and trained to transition from the racing environment to traditional equestrian use. This program increases the adoptability of retired racehorses and supports successful long-term placements. In 2025, the organization retrained five horses.
- $7,657 spent. The organization operates an adoption and rehoming program that places rehabilitated and retrained Thoroughbred horses into appropriate permanent homes. Prospective adopters are screened to ensure they have the facilities, experience, and resources necessary to provide responsible long-term care. Program activities include coordination of horse placements, adoption agreements, and matching horses with suitable adopters based on temperament, training level, and intended use. Adoption fees, when applicable, help offset the costs associated with rehabilitation and retraining programs. In 2025, the organization rehomed one horse.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.