Radnor Hunt Foundation
- Assets
- $1.2m
- Revenue
- $28.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Malvern, PA
- Founding
- 03/2001
- Data as of
- 12/2021
- EIN
- 23-3060721
Organization Overview
Radnor Hunt Foundation is located in Malvern, PA. The organization was established in 2001. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Radnor Hunt Foundation 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, Radnor Hunt Foundation generated $28.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $115.5k during the year ending 12/2021. 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 FOSTER NATIONAL AND AMATEUR SPORTS COMPETITION FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE MISSION IS CARRIED OUT THROUGH THE PROMOTION OF ITS MAJOR FUNDRAISING EVENT, HORSE TRIALS. THE FUNDS RAISED ARE DISTRIBUTED TO LOCAL CHARITIES. IN ADDITION, THE ORGANIZATION OWNS AND OPERATES AN INDOOR EQUESTRIAN RIDING RING FOR CHARITABLE AND EDUCATIONAL USES THAT FOSTER NATIONAL AND INTERNATIONAL AMATEUR EQUESTRIAN SPORTS COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO CHARITABLE ORGANIZATIONS FOR CHARITABLE AND EDUCATIONAL PURPOSES THAT FOSTER NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION, INCLUDING EQUESTRIAN ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Walkup President | OfficerTrustee | 1 | $0 |
Jen Durham Treasurer | OfficerTrustee | 1 | $0 |
Britt Murdoch Director | OfficerTrustee | 1.25 | $0 |
Sam Griffin Vice Preside | Trustee | 0.25 | $0 |
James Caldwell Director | Trustee | 0.25 | $0 |
Jason Racey Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,832 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,555 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,387 |
| Total Program Service Revenue | $0 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$30,354 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,250 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,683 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,986 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,093 |
| Insurance | $1,958 |
| All other expenses | $0 |
| Total functional expenses | $115,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,428 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $258,744 |
| Accounts receivable, net | $0 |
| 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 | $934,011 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,225,183 |
| Accounts payable and accrued expenses | $11,691 |
| 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 | $427,503 |
| Total liabilities | $439,194 |
| 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 | $785,989 |
| Total liabilities and net assets/fund balances | $1,225,183 |
Grants Awarded
Over the last fiscal year, Radnor Hunt Foundation has awarded $118,235 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
RADNOR HUNT CONCOURS PURPOSE: FURTHER ORG MISSION | $90,235 |
Malvern, PA PURPOSE: FURTHER ORG MISSION | $11,500 |
RADNOR HOUNDS FOUNDATION PURPOSE: FURTHER ORG MISSION | $10,000 |
Newtown Square, PA PURPOSE: FURTHER ORG MISSION | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Radnor Hunt Foundation has recieved totaling $72,700.
| Awarding Organization | Amount |
|---|---|
Quaker City Chester Springs, PA PURPOSE: OPERATIONS FOR EXEMPT PURPOSES | $55,000 |
Moran Family Charitable Foundation Inc Pittsburgh, PA PURPOSE: GENERAL OPERATING | $10,000 |
E Murdoch Family Foundation Berwyn, PA PURPOSE: GENERAL DONATION | $7,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Harness Horsemens Assn Grove City, OH | $76,103,227 | $69,500,596 |
Jockey Club New York, NY | $77,383,639 | $14,119,358 |
Horsemens Benevolent & Protective Assoc Inc Ohio Division Grove City, OH | $13,638,374 | $9,989,300 |
Pennsylvania Harness Horsemens Association Chester, PA | $47,723,168 | $7,569,633 |
Interscholastic Equestrian Association Inc Chagrin Falls, OH | $1,821,708 | $2,864,631 |
Lphsa Inc Lake Placid, NY | $506,275 | $2,224,218 |
Washington International Horseshow Association Ltd Annapolis, MD | $661,387 | $2,450,328 |
Meadowbrook Foundation Inc Chevy Chase, MD | $4,161,973 | $2,176,434 |
Maryland Thoroughbred Horsemans Association Owings Mills, MD | $1,933,805 | $1,645,385 |
Western New York Harness Horsemens Association Inc Batavia, NY | $1,628,703 | $1,541,793 |
Pennsylvania Horse Breeders Association Inc Kennett Square, PA | $833,317 | $1,478,049 |
Pegasus Farm Hartville, OH | $3,046,238 | $1,440,332 |