Overview
What is Hampton Classic Horse Show Inc?
Hampton Classic Horse Show Inc, situated in Bridgehampton, New York, is a nonprofit organization that annually hosts the Hampton Classic Horse Show. This event attracts equestrian participants from across the nation and beyond. Apart from organizing this significant event, the organization also extends its support to local charitable organizations. With a team of 36 dedicated individuals, Hampton Classic Horse Show Inc contributes to the equestrian community and the wider community by providing a platform for horse shows and supporting local charities.
Official website here: www.hamptonclassic.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
Hampton Classic Horse Show Inc has received a solid three-star rating from Charity Navigator, indicating a commendable level of accountability and financial health. The organization scored particularly well in areas such as having a majority of independent board members and a strong program expense ratio, which suggests that a significant portion of their funding is directed towards their programs rather than administrative costs.
However, there are some areas of concern that affect their overall score. Notably, the nonprofit lacks a whistleblower policy and a document retention and destruction policy, which are crucial for good governance practices. Additionally, their tax form is not available on their website, which may hinder transparency efforts.
Despite these limitations, the organization demonstrates robust financial practices, evident from their high scores in areas like financial oversight and management. Their commitment to maintaining a significant percentage of program expenses strengthens their position as a responsible charity. Overall, while there are some governance issues to address, Hampton Classic Horse Show Inc shows potential in effectively utilizing donations for their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Hampton Classic Horse Show Inc legitimate?
Hampton Classic Horse Show Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hampton Classic Horse Show Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $270,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $750,278
For more financial information, click here
Official website here: www.hamptonclassic.com
What is the mission statement of Hampton Classic Horse Show Inc?
Hampton Classic Horse Show Inc's primary focus is to organize an annual horse show, inviting equestrians from various parts of the country and beyond. This event serves as a platform for both horses and riders. The organization's mission, in essence, revolves around presenting this annual event. Beyond this, Hampton Classic Horse Show Inc also contributes to local charitable organizations. In summary, the organization's primary role is to host an annual horse show and support local charities.
Official website here: www.hamptonclassic.com
What is the revenue of Hampton Classic Horse Show Inc?
Hampton Classic Horse Show Inc's revenue in 2024 was $6,843,717.
Official website here: www.hamptonclassic.com
Who are the executives of Hampton Classic Horse Show Inc and what are their salaries?
The average compensation at Hampton Classic Horse Show Inc during 2024 was $36,438. There are 28 employees and 20 volunteers at Hampton Classic Horse Show Inc.
Here are 18 key members and their salaries:
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- Compensation: $115,000
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- Other: $20,705
Official website here: www.hamptonclassic.com
Where can I find the form 990 for Hampton Classic Horse Show Inc?
Hampton Classic Horse Show Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.hamptonclassic.com
Learn more at the official website: www.hamptonclassic.com
Mission Statement of Hampton Classic Horse Show Inc
Hampton Classic Horse Show Inc, a notable organization, is dedicated to presenting an annual horse show in Bridgehampton, New York. This event attracts horses and riders from various parts of the country and beyond. The organization's primary mission is to serve as a platform for these equestrian enthusiasts, fostering a sense of camaraderie and competition. By hosting this prestigious event, Hampton Classic Horse Show Inc contributes to the equestrian community, providing an opportunity for riders to showcase their skills and talents.
Beyond its role as a horse show organizer, Hampton Classic Horse Show Inc also extends its support to local charitable organizations. This commitment to giving back to the community is a testament to the organization's dedication to its broader mission. By hosting the Hampton Classic Horse Show, Hampton Classic Horse Show Inc not only entertains and engages the equestrian community but also contributes to the wellbeing of its local surroundings.
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Impact
July, 2024
The Hampton Classic Horse Show Inc's impact extends beyond hosting a prestigious annual event in Bridgehampton, NY. By attracting horses and riders from all over the country and overseas, the organization not only promotes equestrian sports but also contributes to the local community. Through its charitable contributions, the Hampton Classic Horse Show Inc supports local charitable organizations, making a positive impact on both the equestrian world and philanthropic endeavors in the region.
This information is meant to be a general summary of Hampton Classic Horse Show Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $13,123
- Program Service Revenue: $5,645,739
- Gross Receipts: $7,045,227
Assets and Liabilities:
- Total Assets: $1,702,497
- Total Liabilities: $279,459
- Net Assets: $1,423,038
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOSE SHOW REVENUE
Revenue
$3,093,590
HORSE SHOW SPONSORSHIP
Revenue
$2,552,149
Organization Details
Founding Year
1983
Principal Officer
Suskind Dennis
Website
www.hamptonclassic.comNTEE Category
Code: T990 - Philanthropy
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