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National Museum Of Racing Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141421321 ✦ Saratoga springs, NY ✦ Designated as a 501(c)(3)

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Overview

What is National Museum Of Racing Inc?

National Museum of Racing Inc, situated in Saratoga Springs, New York, is a distinguished nonprofit organization dedicated to the preservation and conservation of artifacts related to the rich history of horse racing. With a team of 32 dedicated individuals, this institution focuses on the curatorial conservation of objects that showcase the horse racing industry. Their primary mission involves the meticulous care and preservation of these historical items, ensuring that future generations can appreciate and learn from the fascinating history of horse racing. The museum likely provides educational programs, exhibits, or research opportunities related to this industry, enriching the understanding and appreciation of horse racing culture.


Official website here: www.racingmuseum.org

What are the reviews and ratings of this charity?

Charity Navigator Rating 97%

The National Museum of Racing Inc has achieved an impressive Four-Star out of Four Star rating on Charity Navigator, reflecting strong accountability and financial health. The charity scored a high 97% in its Accountability & Finance category, indicating robust governance practices, including a fully independent board and no material diversion of assets. Such scores suggest that the organization is effectively managed, with a high commitment to transparency and responsible financial stewardship.

User feedback from Great Nonprofits further underscores the museum's significance in the realm of Thoroughbred horse racing. Reviewers describe the museum as a beautifully designed space that serves as a vital resource for education and preservation of horse racing history. The commitment to maintaining high standards and providing engaging public programs is noted as a key strength, showcasing the museum's dedication to fostering a deeper understanding of the sport.

While the information primarily focuses on financial metrics and user satisfaction, there are no significant noted limitations. The museum appears to be well-regarded not only for its operational integrity but also for its cultural importance within the horse racing community, making it a cherished institution for both enthusiasts and the general public.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

What do the Facebook reviews say about National Museum Of Racing Inc?

92% of 558 reviewers on Facebook recommend the National Museum Of Racing Inc. Here's a summary of their insights:

Many visitors express that the museum offers a captivating experience, even for those who may not have a strong interest in horse racing. The interactive exhibits are frequently highlighted as a tremendous asset, enhancing the overall enjoyment and educational value of the visit. Additionally, the documentary “What It Takes: Journey to the Hall of Fame” receives notable praise for reshaping perspectives on horse racing, making it a must-see element of the museum.

Overall, the National Museum Of Racing Inc. appears to successfully deliver on its mission to engage and educate visitors about horse racing, leaving many with a newfound appreciation for the sport and its history.


This AI summary has been generated from reviews found on Facebook.

Is National Museum Of Racing Inc legitimate?

National Museum Of Racing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Museum Of Racing 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: $117,192
Professional Fundraising Fees: $0
Other Salaries and Wages: $555,814

For more financial information, click here


Official website here: www.racingmuseum.org

What is the mission statement of National Museum Of Racing Inc?

The National Museum of Racing Inc's mission is centered around the preservation and conservation of artifacts related to the horse racing industry. This mission aims to safeguard the history of horse racing, ensuring its continuity and fostering a deeper understanding of its significance. The museum's activities primarily focus on the curatorial conservation of objects that hold historical value within the realm of horse racing.


Official website here: www.racingmuseum.org

Who is the CEO of National Museum Of Racing Inc?

Catherine M Masterson is the Vice Chairman of National Museum Of Racing Inc.


Official website here: www.racingmuseum.org

What is the revenue of National Museum Of Racing Inc?

National Museum Of Racing Inc's revenue in 2022 was $6,266,172.


Official website here: www.racingmuseum.org

Who are the executives of National Museum Of Racing Inc and what are their salaries?

The average compensation at National Museum Of Racing Inc during 2022 was $21,031. There are 32 employees and 10 volunteers at National Museum Of Racing Inc.


Here are 48 key members and their salaries:


Stella F Thayer (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward L Bowen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey S Amling (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlotte Weber (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Masterson (Director)
  • Compensation: $117,192
  • Related: $0
  • Other: $0
Donald R Dizney (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John F Hendrickson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gretchen Jackson (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Roebling (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles V Wait (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cornelia Corbett (Trustee Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leverett Miller (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debby Oxley (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Strawbridge Jr (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
G Watts Humphrey (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis A Cella (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Jeffords (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Banke (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aurelia Bolton (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
H Christopher Boehning (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard C Colton Jr (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William S Farish (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terrence Finley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
C Kenneth Grayson (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dell Hancock (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
A Douglas Henderson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Penelope Miller (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Noell (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Palmer (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stanley D Petter Jr (Advisory Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Richards (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gd Hieronymus (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daisy Pulito (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel G Van Clief Jr (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Mcdaniel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter Borisenok (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Wilson (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beverly Steinman (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Edwards (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Rogers (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Troutt (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Price H Bell Jr (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert N Clay (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Clancy (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Durkin (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Lewi (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ramon Dominguez (Advisory Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Moulton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.racingmuseum.org

Where can I find the form 990 for National Museum Of Racing Inc?

National Museum Of Racing Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.racingmuseum.org

Learn more at the official website: www.racingmuseum.org

Mission Statement of National Museum Of Racing Inc

The National Museum of Racing Inc is dedicated to the preservation and conservation of artifacts related to the horse racing industry. Their mission involves meticulously safeguarding objects that tell the rich history of horse racing. This curatorial work aims to educate and inspire those interested in the sport, ensuring that the legacy of horse racing continues to thrive. By focusing on the conservation of objects, the National Museum of Racing Inc is committed to preserving the stories and traditions of horse racing for future generations.

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Impact




October, 2024

The National Museum Of Racing Inc plays a vital role in the preservation and promotion of horse racing history. By curating and conserving significant artifacts and objects related to the racing industry, the museum ensures that the rich heritage of horse racing is documented and accessible for future generations. Located in Saratoga Springs, New York, a city renowned for its racing culture, the museum serves as a cultural hub that attracts enthusiasts, scholars, and tourists alike.

Through exhibitions and educational programs, it fosters a deeper understanding of the industry, celebrating the equine athletes, jockeys, trainers, and the sport's evolution over time. The museum not only preserves art and historical artifacts, but it also highlights the economic and social impact of horse racing on local and national levels, thereby enriching the cultural landscape and fostering community engagement.




This information is meant to be a general summary of National Museum Of Racing 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.

Revenue
$6,266,172 (2022)
Expenses
$3,667,991 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $692,568
  • Program Service Revenue: $147,786
  • Gross Receipts: $11,797,918

Assets and Liabilities:

  • Total Assets: $29,006,071
  • Total Liabilities: $76,943
  • Net Assets: $28,929,128

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ADMISSIONS

Revenue

$147,786

Organization Details

Founding Year

1950

Principal Officer

Catherine M Masterson

Main Address

191 UNION AVENUE, SARATOGA SPRINGS, NY, 12866

NTEE Category

Code: A500 - Arts

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