Makers Mark Secretariat Center
- Assets
- $623.1k
- Revenue
- $558.3k
- Investments
- $312.9k
- Employees
- 16
- Location
- Lexington, KY
- Founding
- 02/2012
- Data as of
- 12/2022
- EIN
- 45-3536475
Organization Overview
Makers Mark Secretariat Center is located in Lexington, KY. The organization was established in 2012. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Makers Mark Secretariat Center employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Makers Mark Secretariat Center 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, Makers Mark Secretariat Center generated $558.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $472.1k during the year ending 12/2022. While expenses have increased by 3.4% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESCHOOLING AND MATCHING FORMER RACEHORSES TO NEW HOMES IN SUITABLE SECOND CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Mann Executive Director | Officer | 40 | $76,850 |
Holly Schmitt President | Officer | 1 | $0 |
Kyle Kipnis Vice-President | Officer | 1 | $0 |
Gerry Duffy Treasurer | Officer | 1 | $0 |
Cormac Breathnach Secretary | Officer | 1 | $0 |
Whitney Allen 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 | $336,209 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $336,209 |
| Total Program Service Revenue | $221,929 |
| Investment income | $117 |
| 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 | $558,255 |
| 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. | $76,850 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,494 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,036 |
| Payroll taxes | $16,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,231 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,680 |
| Office expenses | $11,065 |
| Information technology | $9,643 |
| Royalties | $0 |
| Occupancy | $49,772 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $16,735 |
| All other expenses | $6 |
| Total functional expenses | $472,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,603 |
| Savings and temporary cash investments | $142,854 |
| 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 | $0 |
| Net Land, buildings, and equipment | $19,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $312,880 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $623,096 |
| Accounts payable and accrued expenses | $359 |
| 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 | $0 |
| Total liabilities | $359 |
| 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 | $622,737 |
| Total liabilities and net assets/fund balances | $623,096 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Makers Mark Secretariat Center has recieved totaling $2,200.
| Awarding Organization | Amount |
|---|---|
W L Lyons Brown Foundation Louisville, KY PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Shell Oil Company Foundation Houston, TX PURPOSE: MEF | $800 |
Shell Oil Company Foundation Houston, TX PURPOSE: MEF | $400 |
Endowment Analysis
| Beg. Balance | $363,283 |
| Earnings | -$50,403 |
| Ending Balance | $312,880 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Harness Horsemens Assn Grove City, OH | $76,103,227 | $69,500,596 |
United States Equestrian Federation Inc Lexington, KY | $38,278,605 | $34,125,705 |
Horsemens Benevolent & Protective Assoc Inc Ohio Division Grove City, OH | $13,638,374 | $9,989,300 |
Virginia Horse Center Foundation Lexington, VA | $21,949,749 | $6,089,538 |
United States Dressage Federation Inc Lexington, KY | $12,280,287 | $5,729,896 |
Upperville Colt & Horse Show Inc Upperville, VA | $4,423,395 | $3,060,055 |
Interscholastic Equestrian Association Inc Chagrin Falls, OH | $1,821,708 | $2,864,631 |
National Horse Show Association Of America Ltd Lexington, KY | $1,577,659 | $2,858,029 |
Kentucky Horse Park Foundation Inc Lexington, KY | $11,891,530 | $2,119,028 |
Equestrian Events Inc Lexington, KY | $1,466,435 | $412,033 |
Pegasus Farm Hartville, OH | $3,046,238 | $1,440,332 |
Virginia Gold Cup Association Inc Warrenton, VA | $148,262 | $1,262,964 |