Overview
What is Old Friends Inc?
Old Friends Inc, located at 1841 Paynes Depot Road in Georgetown, Kentucky, is a nonprofit organization dedicated to caring for and honoring retired racehorses. With 29 employees, Old Friends Inc raises awareness for the treatment of these horses and provides them with a sanctuary at their farm. Their mission is centered around protecting retired racing thoroughbreds.
Official website here: www.oldfriendsequine.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 82%, Three-Star out of Four Star rating.
Old Friends Inc has received an overall positive evaluation with an 82% score, indicating a solid level of accountability and finance management. The organization boasts a fully independent board and strong financial oversight, which is essential for maintaining trust with donors. However, it has noted some weaknesses, particularly the absence of key policies such as conflict of interest, whistleblower, and document retention, which could impact operational transparency.
User reviews highlight the commitment and dedication of the staff toward the care of retired racehorses. Many volunteers and donors have praised the organization for its impactful operations and the quality of care provided to the animals. Visitors have expressed admiration for the facility and the knowledge of the staff, suggesting a strong community involvement and appreciation for the nonprofit's mission.
Despite its strengths, there are areas for improvement, particularly in enhancing policy frameworks to further bolster accountability. The organization is viewed positively by the public, with many expressing their continued support and willingness to contribute to its mission of rescuing and providing sanctuary for retired racehorses.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Old Friends Inc legitimate?
Old Friends Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Friends 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: $151,099
Professional Fundraising Fees: $0
Other Salaries and Wages: $96,736
For more financial information, click here
Official website here: www.oldfriendsequine.org
What is the mission statement of Old Friends Inc?
Old Friends Inc is dedicated to providing care and protection for retired racing thoroughbreds. Their mission is to ensure these horses are treated with the respect and care they deserve after their racing careers have ended. The organization raises awareness about the importance of proper retirement care for race horses and offers a sanctuary where they can live out their remaining years in comfort. At Old Friends Inc, retired race horses are cherished and well-taken care of. The team is committed to honoring these animals for their past achievements and contributions to the racing industry.
Official website here: www.oldfriendsequine.org
Who is the CEO of Old Friends Inc?
Michael Blowen is the President/Board Member of Old Friends Inc.
Official website here: www.oldfriendsequine.org
What is the revenue of Old Friends Inc?
Old Friends Inc's revenue in 2022 was $2,822,819.
Official website here: www.oldfriendsequine.org
Who are the executives of Old Friends Inc and what are their salaries?
The average compensation at Old Friends Inc during 2022 was $8,546. There are 29 employees and 35 volunteers at Old Friends Inc.
Here are 17 key members and their salaries:
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Official website here: www.oldfriendsequine.org
Where can I find the form 990 for Old Friends Inc?
Old Friends Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oldfriendsequine.org
Learn more at the official website: www.oldfriendsequine.org
Mission Statement of Old Friends Inc
Old Friends Inc, a renowned nonprofit organization, is dedicated to caring for and protecting retired racing thoroughbreds. The mission of this esteemed group is to provide these beloved horses with a deserving retirement, offering them a peaceful and nurturing sanctuary after their racing careers have come to an end.
Old Friends Inc goes above and beyond to raise awareness about the treatment of retired racehorses and honors these animals by offering them a place to call home. The organization's commitment extends beyond mere care, as they strive to keep and cherish each horse, recognizing their unique contributions and achievements during their racing days.
The nonprofit functions as a farm, where the retired racehorses are allowed to live out their days in comfort and tranquility. Each horse is treated with the utmost respect and care, ensuring a dignified retirement for these once-celebrated athletes. By caring for these horses, Old Friends Inc not only improves their lives but also contributes to the betterment of the equine community as a whole.
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Impact
October, 2024
Old Friends Inc has a significant impact on the welfare of retired racing thoroughbreds. By providing a sanctuary for these horses, the organization not only offers a safe and loving environment but also raises awareness about the treatment and challenges faced by retired racehorses. Located in Georgetown, KY, Old Friends Inc is dedicated to nurturing these animals, ensuring they receive the care and respect they deserve after their racing careers.
Through its efforts, the organization honors the legacy of these racehorses, educating the public about their needs and the importance of humane treatment. This initiative fosters a deeper understanding and appreciation for thoroughbreds, influencing perceptions about their retirement and promoting responsible ownership within the racing community. Overall, Old Friends Inc plays a crucial role in safeguarding the lives of these magnificent animals, creating a positive ripple effect in the equine industry.
This information is meant to be a general summary of Old Friends 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 2022.
- Program Service Revenue: $141,442
- Gross Receipts: $2,937,113
Assets and Liabilities:
- Total Assets: $5,139,795
- Total Liabilities: $2,610,412
- Net Assets: $2,529,383
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Organization Details
Founding Year
2005
Phone
(502) 863-1775Principal Officer
Michael Blowen
Main Address
1841 Paynes Depot Rd, Georgetown, KY, 40324
Website
www.oldfriendsequine.orgNTEE Category
Code: D20 - Animals
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