Old Friends Inc
- Assets
- $5.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 15
- Location
- Georgetown, KY
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 20-0049798
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 12/2021, Old Friends Inc employed 15 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 12/2021, Old Friends Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 7.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CARE 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) | Role | Hours | Compensation |
|---|---|---|---|
Michael Blowen President/board Member | OfficerTrustee | 40 | $72,319 |
William Van Den Dool Vp/board Member | OfficerTrustee | 40 | $36,850 |
Barbara Fossum Sec'y/board Member | OfficerTrustee | 5 | $35,414 |
Cynthia Grisolia Chairman | OfficerTrustee | 40 | $10,878 |
Jill Baffert Board Member | Trustee | 1 | $0 |
Suzanne Mundy Board Member | Trustee | 1 | $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 | $2,370,362 |
| Noncash contributions included in lines 1a–1f | $26,579 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,370,362 |
| Total Program Service Revenue | $702,790 |
| Investment income | $29,490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$142,477 |
| Net Income from Fundraising Events | -$6,851 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,749 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,968,063 |
| 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. | $118,611 |
| Compensation of current officers, directors, key employees. | $46,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,028 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,750 |
| Fees for services: Accounting | $19,307 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,556 |
| Office expenses | $5,820 |
| Information technology | $5,596 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,659 |
| Interest | $122,163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,308 |
| Insurance | $0 |
| All other expenses | $1,402 |
| Total functional expenses | $2,289,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,033,480 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,550 |
| Inventories for sale or use | $34,203 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,857,588 |
| Investments—publicly traded securities | $144,040 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,076,861 |
| Accounts payable and accrued expenses | $58,826 |
| 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 | $2,628,415 |
| Unsecured mortgages and notes payable | $40,500 |
| Other liabilities | $0 |
| Total liabilities | $2,727,741 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,349,120 |
| Total liabilities and net assets/fund balances | $5,076,861 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Old Friends Inc has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Merrill Schneider Foundation Driggs, ID PURPOSE: SUPPORT PROGRAMS | $10,000 |
Dudley And Constance Godfrey Foundation Inc Milwaukee, WI PURPOSE: CHARITABLE | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Paws Chicago Chicago, IL | $110,792,054 | $25,583,690 |
Anti-Cruelty Society Chicago, IL | $66,596,441 | $14,208,657 |
Richmond Society For The Prevention Of Cruelty To Animals Richmond, VA | $57,425,937 | $15,802,293 |
Anicira Veterinary Center Harrisonburg, VA | $6,192,293 | $8,154,970 |
Humane Society Of Indianapolis Inc Indianapolis, IN | $5,932,598 | $6,642,326 |
Kentucky Humane Society Louisville, KY | $24,399,127 | $11,144,330 |
Wayside Waifs Inc Kansas City, MO | $33,809,848 | $10,620,138 |
Young-Williams Animal Center Of East Tennessee Knoxville, TN | $5,944,535 | $6,893,843 |
The Cleveland Animal Protective League Cleveland, OH | $46,641,680 | $10,544,377 |
Kansas City Pet Project Kansas City, MO | $1,985,562 | $5,802,344 |
Albemarle Society For The Prevention Of Cruelty To Animals Charlottesville, VA | $17,853,969 | $7,966,157 |
Old Friends Senior Dogs Mount Juliet, TN | $27,002,076 | $5,158,675 |