Retired Racehorse Project Ltd

Organization Overview

Retired Racehorse Project Ltd, operating under the name Retired Racehorse Project, is located in Edgewater, MD. The organization was established in 2011. According to its NTEE Classification (D60) the organization is classified as: Animal Services N.E.C., under the broad grouping of Animal-Related and related organizations. As of 12/2021, Retired Racehorse Project employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retired Racehorse Project 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, Retired Racehorse Project generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 15.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FACILITATE THE PLACEMENT OF RETIRED THOROUGHBRED RACEHORSES IN SECOND CAREERS BY EDUCATING THE PUBLIC ABOUT THE HISTORY, DISTINCTIVE CHARACTERISTICS, VERSATILITY OF USE AND APPROPRIATE CARE AND TRAINING OF THE ICONIC AMERICAN THOROUGHBRED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THOROUGHBRED MAKEOVER & NATIONAL SYMPOSIUM: ANNUAL EVENT FEATURING COMPETITIVE, JUDGED "MAKEOVER" EVENT IN WHICH PARTICIPANTS SELECT, TRAIN AND PERFORM ON RETIRED RACEHORSES. ALSO INCLUDES DEMONSTRATIONS OF SUCCESSFULLY RETRAINED HORSES IN A WIDE VARIETY OF DISCIPLINES, AND EDUCATIONAL SEMINARS ON ALL ASPECTS OF CARING FOR, RETRAINING AND RE-HOMING RETIRED RACEHORSES.


MAGAZINE/NEWSLETTER/WEBSITE: PRINTED AND DIGITAL RESOURCES SUPPORTING THE ONLY PUBLICATION FOCUSED ON THE THOROUGHBRED BREED IN EQUESTIRAN SPORTS. THE MAGAZINE CONTAINS ARTICLES COVERING TRAINING ADVICE, AFTERCARE AND RRP NEWS ON ALL THE MAJOR PROGRAMS SUPPORTED BY RRP. THE WEBSITE CONTAINS EXTENSIVE RESOURCES FOR EDUCATION AND PROVIDES A CURRENT LISTING OF HORSES AVAILABLE FOR SECOND CAREERS.


EXPOS/CLINICS/SEMINARS: EDUCATIONAL OPPORTUNITIES OFFERED REGIONALLY OR VIRTUALLY AND PRODUCED INDEPENDENTLY OR IN PARTNERSHIP WITH A THIRD-PARTY EVENT/ENTITY. THESE DEMOS, TRAINING CLINICS, SPEAKING ENGAGEMENTS, VIDEOS AND SEMINARS/WEBINARS COVER A RANGE OF TOPICS UNIQUE TO THE CARE, TRAINING AND KEEP OF THOROUGHBRED EX-RACEHORSES.


GENERAL OUTREACH PROGRAMS; MOBILE RRP EDUCATION UNIT


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$22,269
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$478,933
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$501,202
Total Program Service Revenue$629,052
Investment income $441
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,983
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $33,088
Miscellaneous Revenue$0
Total Revenue $1,166,766

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Retired Racehorse Project Ltd has recieved totaling $182,634.

Awarding OrganizationAmount
American Endowment Foundation

Hudson, OH

PURPOSE: ANIMAL-RELATED

$75,000
$65,000
Community Foundation Of New Jersey

Morristown, NJ

PURPOSE: GENERAL SUPPORT

$10,000
Chester County Community Foundation Inc

West Chester, PA

PURPOSE: ENVIRONMENT & ANIMALS

$10,000
Muir House Foundation

Lexington, KY

PURPOSE: PROMOTE AND INCREASE DEMAND FOR THOROUGHBRED EX-RACEHORSES AND ENSURE MORE FIND CAREERS THAT OFFER A LIFETIME OF QUALITY CARE

$10,000
Paypal Charitable Giving Fund

Washington, DC

PURPOSE: General Support

$5,595
View Grant Recipient Profile

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