Overview
What is Retired Racehorse Project Ltd?
Retired Racehorse Project Ltd is a nonprofit organization located at 3357 Hazelwood Road, Edgewater, Maryland, with a team of six individuals. Their mission is to facilitate the placement of retired Thoroughbred racehorses into new careers by educating the public on the history, unique characteristics, versatility, and appropriate care and training of these iconic American horses. The organization hosts the Thoroughbred Makeover & National Symposium, an annual event featuring a competitive, judged "makeover" event where participants select, train, and perform on retired racehorses. The symposium also includes demonstrations of successfully retrained horses in a variety of disciplines and educational seminars on all aspects of caring for, retraining, and rehoming retired racehorses.
Official website here: www.retiredracehorseproject.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Retired Racehorse Project Ltd has earned an 81% rating from Charity Navigator, which reflects a solid performance particularly in the area of Accountability & Finance. With a perfect score for having an entirely independent board and comprehensive policies in place, the organization showcases strong governance practices that promote transparency and accountability.
Strengths of the organization include a high program expense ratio, indicating that a significant portion of its resources is directed toward its mission-related activities. The charity has also established a robust framework for financial oversight, including documented board meeting minutes and policies that support ethical operations. Moreover, the absence of any material diversion of assets highlights its commitment to maintaining integrity in its financial dealings.
However, the organization does face a limitation with its liabilities to assets ratio, scoring zero points in this area. This could indicate potential financial stability concerns, which may warrant closer scrutiny. Overall, while the Retired Racehorse Project Ltd demonstrates strong governance and operational transparency, it is important for potential donors and stakeholders to consider its financial health alongside its governance strengths.
This AI summary has been generated from information found on Charity Navigator.
Is Retired Racehorse Project Ltd legitimate?
Retired Racehorse Project Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Retired Racehorse Project Ltd 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: $81,087
Professional Fundraising Fees: $0
Other Salaries and Wages: $191,713
For more financial information, click here
Official website here: www.retiredracehorseproject.org
What is the mission statement of Retired Racehorse Project Ltd?
The Retired Racehorse Project Ltd aims to facilitate the transition of retired Thoroughbred racehorses into new careers by educating the public about their unique characteristics, versatility, and appropriate care and training. Through annual events like the Thoroughbred Makeover and National Symposium, they showcase the transformation of retired racehorses into successful horses in various disciplines. The events feature educational seminars and demonstrations, providing valuable insights into the process of caring for, retraining, and rehoming these horses.
Official website here: www.retiredracehorseproject.org
Who is the CEO of Retired Racehorse Project Ltd?
Kirsten Green is the Immediate Past Chair, Emeritus Member, Non-Voting of Retired Racehorse Project Ltd.
Official website here: www.retiredracehorseproject.org
What is the revenue of Retired Racehorse Project Ltd?
Retired Racehorse Project Ltd's revenue in 2022 was $792,097.
Official website here: www.retiredracehorseproject.org
Who are the executives of Retired Racehorse Project Ltd and what are their salaries?
The average compensation at Retired Racehorse Project Ltd during 2022 was $45,467. There are 6 employees and 200 volunteers at Retired Racehorse Project Ltd.
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Official website here: www.retiredracehorseproject.org
Where can I find the form 990 for Retired Racehorse Project Ltd?
Retired Racehorse Project Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.retiredracehorseproject.org
Learn more at the official website: www.retiredracehorseproject.org
Mission Statement of Retired Racehorse Project Ltd
The Retired Racehorse Project Ltd is a nonprofit organization dedicated to facilitating the placement of retired Thoroughbred racehorses into second careers. By educating the public about the history, distinctive characteristics, versatility of use, and appropriate care and training of the iconic American Thoroughbred, Retired Racehorse Project Ltd aims to find new homes for these horses.
In pursuit of its mission, Retired Racehorse Project Ltd hosts an annual Thoroughbred Makeover and National Symposium. This event showcases a competitive, judged "makeover" competition, where participants select, train, and perform on retired racehorses. Alongside the makeover event, the symposium features demonstrations of successfully retrained horses in a variety of disciplines and educational seminars on all aspects of caring for, retraining, and re-homing retired racehorses. Through these initiatives, Retired Racehorse Project Ltd not only finds new homes for retired Thoroughbred racehorses but also raises awareness about the potential these animals hold in their second careers.
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Impact
October, 2024
The Retired Racehorse Project (RRP) significantly impacts the equine community by promoting the successful transition of retired thoroughbred racehorses into second careers. Through its educational initiatives, the RRP raises public awareness about the unique characteristics and versatility of thoroughbreds, facilitating their proper care, training, and rehoming.
One of the cornerstone events, the Thoroughbred Makeover & National Symposium, provides a platform for participants to select, train, and showcase these retired racehorses in various disciplines. This competitive and judged event not only highlights the potential of these horses but also emphasizes the importance of retraining and responsible ownership. Educational seminars hosted during the symposium further equip attendees with essential knowledge about caring for and retraining thoroughbreds.
By fostering a better understanding of these iconic American horses, the RRP plays a vital role in enhancing their welfare and ensuring that they find fulfilling new careers after racing. The organization's efforts contribute to a more informed and compassionate community around thoroughbred care and advocacy.
This information is meant to be a general summary of Retired Racehorse Project Ltd. 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.
- Investment Income: $108
- Program Service Revenue: $194,626
- Gross Receipts: $1,249,185
Assets and Liabilities:
- Total Assets: $351,491
- Total Liabilities: $263,398
- Net Assets: $88,093
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NEWSLETTER & EDUCATION
Revenue
$154,107
NET SALES REVENUE
Revenue
$27,990
SUBSCRIPTIONS
Revenue
$12,529
Organization Details
Founding Year
2010
Phone
(410) 798-5140Principal Officer
Kirsten Green
Main Address
3357 HAZELWOOD ROAD, EDGEWATER, MD, 210371643
NTEE Category
Code: D60 - Animals
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