Retired Racehorse Project Ltd
- Assets
- $351.5k
- Revenue
- $792.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Edgewater, MD
- Founding
- 04/2011
- Data as of
- 12/2022
- EIN
- 27-1622725
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 12/2022, 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 12/2022, Retired Racehorse Project generated $792.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $959.7k during the year ending 12/2022. While expenses have increased by 6.5% 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
2022
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 CHARACTERISTCS, 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 DEMONSTRATIONSOF SUCCESSFULLY RETRAINED HORSES IN A WIDE VARIETY OF DISCIPLINES, ANDEDUCATIONAL SEMINARS ON ALL ASPECTS OF CARING FOR, RETRAINING ANDRE-HOMING RETIRED RACEHORSES.
MAGAZINE/NEWSLETTER/WEBSITE: PRINTED AND DIGITAL RESOURCES SUPPORTINGTHE ONLY PUBLICATION FOCUSED ON THE THOROUGHBRED BREED IN EQUESTIRANSPORTS. THE MAGAZINE CONTAINS ARTICLES COVERING TRAINING ADVICE,AFTERCARE AND RRP NEWS ON ALL THE MAJOR PROGRAMS SUPPORTED BY RRP. THEWEBSITE 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Karlson Immediate Past Chair, Emeritus Member, Non-Voting | OfficerTrustee | 2 | $0 |
Sue Smith Board Chair | OfficerTrustee | 2 | $0 |
Amanda Dabruzzo Treasurer | OfficerTrustee | 2 | $0 |
Malinda Lawrence Secretary | OfficerTrustee | 2 | $0 |
Steuart Pittman Emeritus Member, Non-Voting | Trustee | 1 | $0 |
Graham Anita Motion Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $193,729 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $472,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $666,486 |
| Total Program Service Revenue | $194,626 |
| Investment income | $108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$69,123 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $792,097 |
| 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. | $81,087 |
| Compensation of current officers, directors, key employees. | $12,163 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,713 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,709 |
| 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 | $0 |
| Advertising and promotion | $32,412 |
| Office expenses | $17,255 |
| Information technology | $14,808 |
| Royalties | $0 |
| Occupancy | $34,680 |
| Travel | $4,294 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,096 |
| Interest | $456 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,027 |
| Insurance | $4,640 |
| All other expenses | $211,472 |
| Total functional expenses | $959,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,677 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,898 |
| Prepaid expenses and deferred charges | $10,296 |
| Net Land, buildings, and equipment | $34,105 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $351,491 |
| Accounts payable and accrued expenses | $190,898 |
| Grants payable | $0 |
| Deferred revenue | $72,500 |
| 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 | $0 |
| Total liabilities | $263,398 |
| Net assets without donor restrictions | $88,093 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $351,491 |