Racehorse Remember Me Rescue Foundation
- Assets
- $97.4k
- Revenue
- $229.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Burleson, TX
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 26-3974010
Organization Overview
Racehorse Remember Me Rescue Foundation, operating under the name Remember Me Rescue, is located in Burleson, TX. The organization was established in 2010. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. Remember ME Rescue 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, Remember ME Rescue generated $229.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $206.5k during the year ending 12/2022. While expenses have increased by 0.2% 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
THE ORGANIZATION'S PRIMARY PURPOSE IS EXCLUSIVELY PUBLIC, CHARITABLE, AND EDUCATIONAL. THE SPECIFIC OBJECTIVE OF THE CORPORATION IS THE PROMOTION OF THE COMMON GOOD AND GENERAL AND SOCIAL WELFARE OF THE PEOPLE AND ANIMALS OF THE COMMUNITY THROUGH THE FEEDING, CARE, TRAINING, AND PLACEMENT OF RETIRED RACEHORSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSES FOR WHICH THIS CORPORATION WAS FORMED ARE EXCLUSIVELY PUBLIC, CHARITABLE, AND EDUCATIONAL. SPECIFICALLY, THE OBJECTIVE IS THE PROMOTION OF THE COMMON GOOD AND GENERAL AND SOCIAL WELFARE OF THE PEOPLE AND ANIMALS OF THE COMMUNITY THROUGH THE FEEDING, CARE, TRAINING, AND PLACEMENT OF RETIRED RACEHORSES.
IN YEARS 2009 THROUGH 2021, THE ORGANIZATION RESCUED AND FOUND NEW HOMES FOR DOZENS OF RETIRED RACEHORSES PER YEAR. THESE HORSES LIKELY WOULD HAVE BEEN SENT TO SLAUGHTER. THROUGH THE EFFORTS OF THE ORGANIZATION, NEW HOMES WERE FOUND FOR THESE HORSES. NOTE ONLY DOES THE ORGANIZATION RESCUE AND FIND NEW HOMES FOR THESE HORSES, IT RE-TRAINS THESE HORSES FOR LIFE AFTER RACING. THE PRIMARY EXPENSES OF THE ORGANIZATION INCLUDE BOARDING FEES, FEED, WATER, HORSESHOEING AND VETERINARY CARE FOR THESE HORSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Keen President | OfficerTrustee | 40 | $60,000 |
Terri Cage Director | Trustee | 1 | $0 |
Bradley Epstein Treasurer | OfficerTrustee | 1 | $0 |
Joan Franklin Director | Trustee | 1 | $0 |
Dallas Keen Director | Trustee | 1 | $0 |
Angie Stevens Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $163,353 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,603 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,603 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,739 |
| Advertising and promotion | $50 |
| Office expenses | $8,715 |
| Information technology | $2,270 |
| Royalties | $0 |
| Occupancy | $13,580 |
| Travel | $3,261 |
| 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 | $1,427 |
| Insurance | $1,841 |
| All other expenses | $0 |
| Total functional expenses | $206,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,254 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,250 |
| Net Land, buildings, and equipment | $37,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $53 |
| Other assets | $0 |
| Total assets | $97,431 |
| Accounts payable and accrued expenses | $0 |
| 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 | $7,144 |
| Total liabilities | $7,144 |
| 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 | $90,287 |
| Total liabilities and net assets/fund balances | $97,431 |