Overview
What is Morristown Charity Horseshow Inc?
Morristown Charity Horseshow Inc is a nonprofit organization situated in Morristown, Tennessee. Their primary mission is to annually organize a charity horseshow event. The funds generated from this event are then distributed to various eligible 501(C)(3) organizations, with a significant portion being allocated to the Morristown, Tennessee chapter of Girls Incorporated. By hosting this annual event, Morristown Charity Horseshow Inc contributes to the broader community and supports various charitable initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates a moderate level of accountability and financial health for Morristown Charity Horseshow Inc. The organization has a solid Program Expense Ratio of 96.58%, demonstrating that a significant portion of its funds is directed toward its charitable programs rather than administrative costs.
Strengths of the organization include having a fully independent board, with 100% of its members being independent, which contributes to effective governance. Additionally, the organization has received top scores for showing no material diversion of assets and for maintaining proper documentation of board meeting minutes. The liabilities to assets ratio is also notably low at 0.00%, further enhancing its financial stability.
However, despite these strengths, the overall rating still falls short of higher standards, reflected in the Two-Star designation. It suggests that while the organization exhibits commendable financial practices, there may be areas for improvement that could enhance its overall effectiveness and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Morristown Charity Horseshow Inc legitimate?
Morristown Charity Horseshow Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morristown Charity Horseshow 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Morristown Charity Horseshow Inc?
The mission of Morristown Charity Horseshow Inc is centered around organizing an annual horse show. The primary objective is to utilize the proceeds from this event to support various 501(C)(3) qualifying charities, including the Morristown, Tennessee chapter of Girls Incorporated. This non-profit organization annually funds these entities, aiming to contribute positively to their respective causes.
Who is the CEO of Morristown Charity Horseshow Inc?
Allison Moody is the President of Morristown Charity Horseshow Inc.
What is the revenue of Morristown Charity Horseshow Inc?
Morristown Charity Horseshow Inc's revenue in 2020 was $365.
Who are the executives of Morristown Charity Horseshow Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Morristown Charity Horseshow Inc?
Morristown Charity Horseshow Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Morristown Charity Horseshow Inc
Morristown Charity Horseshow Inc is a non-profit organization with a mission to annually organize a charity horse show. Their primary objective is to collect the proceeds from this event and subsequently distribute them to various eligible charities, including the Morristown, Tennessee chapter of Girls Incoredporated. This non-profit utilizes the proceeds from its annual horse show as a means to support other 501(C)(3) qualifying entities, thus extending its reach and impact in the charitable sector.
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Impact
October, 2024
Morristown Charity Horse Show Inc significantly impacts the local community by organizing an annual horse show that raises funds for important causes. The proceeds from this event are dedicated to supporting the Morristown, Tennessee chapter of Girls Incorporated and other qualifying charitable organizations. Through this initiative, the organization not only promotes equestrian activities but also fosters philanthropy in the region, empowering youth and enhancing community programs. The horse show serves as a platform for bringing people together, generating excitement and engagement while significantly contributing to the welfare of its beneficiaries.
This information is meant to be a general summary of Morristown Charity Horseshow 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 2020.
- Program Service Revenue: $365
- Gross Receipts: $365
Assets and Liabilities:
- Total Assets: $1,102
- Total Liabilities: $0
- Net Assets: $1,102
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARITY HORSESHOW
Revenue
$365
Organization Details
Founding Year
2010
Principal Officer
Allison Moody
Main Address
3700 LAKEPOINT DRIVE, MORRISTOWN, TN, 37814
NTEE Category
Code: T99 - Philanthropy
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