Old Friends Inc

Organization Overview

Old Friends Inc is located in Georgetown, KY. The organization was established in 2004. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. As of 12/2023, Old Friends Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Friends 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 12/2023, Old Friends Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 9.7% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO CARE FOR AND PROTECT RETIRED RACING THOROUGHBREDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RAISE AWARENESS OF THE TREATMENT OF RETIRED RACE HORSES AND CARE FOR AND HONOR THE RACEHORSES. WE KEEP AND CARE FOR RETIRED RACE HORSES ON OUR FARM.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Blowen
President/board Member
$94,500
William Van Den Dool
Vp/board Member
$41,750
Cynthia Grisolia
Chairman
$240
Barbara Fossum
Secy/board Member
$36,902
Pat Riley
Treasurer/board Member
$0
Jill Baffert
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,623,254
Noncash contributions included in lines 1a–1f $45,858
Total Revenue from Contributions, Gifts, Grants & Similar$2,623,254
Total Program Service Revenue$625,494
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $13,750
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $37,746
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $340,844
Miscellaneous Revenue$0
Total Revenue $3,641,088

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