Grayson-Jockey Club Research Foundation
- Assets
- $37.4m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1942
- Data as of
- 12/2022
- EIN
- 61-6031750
Organization Overview
Grayson-Jockey Club Research Foundation is located in New York, NY. The organization was established in 1942. According to its NTEE Classification (D05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grayson-Jockey Club Research 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 12/2022, Grayson-Jockey Club Research Foundation generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grayson-Jockey Club Research Foundation has awarded 104 individual grants totaling $10,349,641. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS COMMITTED TO THE ADVANCEMENT OF RESEARCH TO ENHANCE THE SAFETY AND HEALTH OF THE HORSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRAYSON-JOCKEY CLUB RESEARCH FOUNDATION IS A LEADING, NON-PROFIT CHARITABLE ORGANIZATION. MEMBERSHIP IS UNRESTRICTED AND OPEN TO ALL. THE FOUNDATION'S MISSION IS TO FUND VETERINARY RESEARCH BENEFICIAL TO PROMOTING THE HEATH AND SOUNDNESS OF HORSES. ALTHOUGH IT IS AFFILIATED WITH THE THOROUGHBRED HORSE INDUSTRY, MOST RESEARCH IS BENEFICIAL TO ALL BREEDS. IN 2022, THE FOUNDATION FUNDED 28 GRANTS TOTALING $1,659,537. VETERINARY RESEARCH IS CONDUCTED LARGELY AT UNIVERSITIES IN NORTH AMERICA AS WELL AS CERTAIN INTERNATIONAL UNIVERSITIES. THE FOUNDATION HAS NO ALLIANCE WITH ANY ONE UNIVERSITY AND IS FREE TO FUND THE BEST RESEARCH BASED ON RECOMMENDATIONS FROM ITS RESEARCH ADVISORY COMMITTEE. A PERCENTAGE OF APPROVED FUNDING IS DIRECTED TO SUPPORT LAB TECHNICIANS AND GRADUATE ASSISTANTS TO SUPPORT THE PRINCIPAL INVESTIGATOR. THUS, RESEARCH TODAY IS HELPING TO RECRUIT AND TRAIN RESEARCHERS FOR TOMORROW, GIVING EXTRA IMPACT FROM THE FOUNDATION'S FUNDING. ASIDE FROM STAFF ASSISTANCE, THE FOUNDATION DOES NOT PAY THE PRINCIPAL INVESTIGATOR'S SALARY OR ANY OTHER OVERHEAD, THEREBY TARGETING ITS DOLLARS DIRECTLY FOR RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman | OfficerTrustee | 4 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,209,966 |
| Fundraising events | $157,330 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $866,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,234,135 |
| Total Program Service Revenue | $0 |
| Investment income | $253,348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $708,407 |
| Net Income from Fundraising Events | -$84,436 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,114,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,556,005 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $103,532 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $275,476 |
| Compensation of current officers, directors, key employees. | $39,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,482 |
| Pension plan accruals and contributions | $7,679 |
| Other employee benefits | $1,557 |
| Payroll taxes | $26,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $20,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $764 |
| Fees for services: Other | $56,313 |
| Advertising and promotion | $90,849 |
| Office expenses | $31,326 |
| Information technology | $11,012 |
| Royalties | $0 |
| Occupancy | $5,400 |
| Travel | $28,046 |
| 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 | $3,268 |
| All other expenses | $0 |
| Total functional expenses | $2,348,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,580 |
| Savings and temporary cash investments | $3,502,568 |
| Pledges and grants receivable | $60,200 |
| 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 | $7,229 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $33,803,006 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,387,583 |
| Accounts payable and accrued expenses | $111,920 |
| 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 | $111,920 |
| Net assets without donor restrictions | $18,473,961 |
| Net assets with donor restrictions | $18,801,702 |
| 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 | $37,387,583 |
Grants Awarded
Over the last fiscal year, Grayson-Jockey Club Research Foundation has awarded $1,556,005 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY PURPOSE: Equine Research | $37,639 |
COLORADO STATE UNIVERISTY PURPOSE: Equine Research | $45,418 |
CORNELL UNIVERSITY PURPOSE: Equine Research | $95,790 |
LOUISIANA STATE UNIVERSITY PURPOSE: Equine Research | $86,948 |
NORTH CAROLINA STATE PURPOSE: Equine Research | $20,000 |
OHIO STATE UNIVERSITY RESEARCH FOUNDATION PURPOSE: Equine Research | $106,603 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Aviary Pittsburgh Inc Pittsburgh, PA | $24,184,006 | $8,653,469 |
Grayson-Jockey Club Research Foundation New York, NY | $37,387,583 | $3,114,587 |
African Aquatic Conservation Fund Inc Chilmark, MA | $457,689 | $716,022 |
Zoological Lighting Institute A Nj Nonprofit Corporation Morristown, NJ | $165,671 | $0 |
Center For Canine Behavior Studies Inc Salisbury, CT | $33,893 | $0 |
New England Human Animal Bond Foundation Inc Columbia, CT | $5,829 | $0 |
Vivarium Operational Excellence Network Inc Charlestown, MA | $115,675 | $0 |
One Medicine Foundation Inc Northport, NY | $176,741 | $32,005 |
Equine International Corp Boston, MA | $2,849 | $0 |
Little Egg Foundation Inc Ithaca, NY | $78,271 | $0 |
Center For Music-In-Education Inc New York, NY | $5,437 | $0 |