Overview
What is Omaha Equestrian Foundation?
The Omaha Equestrian Foundation, located at 1004 Farnam Street STE 100, Omaha, Nebraska, is a nonprofit organization dedicated to elevating Omaha as a hub for the equestrian industry. They achieve this by hosting top-tier equestrian events, with a vision to eventually host the World Cup Finals in Omaha. The foundation's activities not only showcase the sport but also bring economic development opportunities to the community. Through events and educational initiatives, they foster a growing interest in horses and equestrian sports in the local and regional areas. In addition to their operational activities, they have received significant in-kind donations, such as facility use, advertising, and legal services, that aren't reflected in their reported revenues. The foundation is led by a team of five dedicated individuals.
Official website here: www.omahaequestrian.org
What are the reviews and ratings of this charity?
**Rating: 1 Star (58%) from Charity Navigator**
The Omaha Equestrian Foundation holds a one-star rating from Charity Navigator, reflecting significant concerns regarding accountability and finance. The organization's total score is derived solely from its Accountability & Finance metrics and indicates a weak financial health, particularly in areas such as fiscal oversight and governance policies. Key deficiencies noted include the absence of a whistleblower policy and a document retention policy, which can affect transparency and risk management.
Despite the issues highlighted, the foundation has demonstrated strengths, such as having an independent board composed mostly of experienced members and a strong program expense ratio. This suggests that most of their funding is directed toward fulfilling their mission rather than administrative costs. However, a concerning financial indicator is the liabilities to assets ratio, which shows a high level of liabilities compared to assets.
User reviews from GreatNonprofits could not be fetched. Thus, no additional user sentiment is available to provide further insight into the public perception of the foundation. Overall, while the organizational commitment to its mission is evident through its program expenses, the governance and financial weaknesses are significant and suggest a need for improvement in operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Omaha Equestrian Foundation legitimate?
Omaha Equestrian Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Omaha Equestrian Foundation 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: $137,078
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,735
For more financial information, click here
Official website here: www.omahaequestrian.org
What is the mission statement of Omaha Equestrian Foundation?
The Omaha Equestrian Foundation's mission is centered around producing high-caliber equestrian events that offer both educational and economic development opportunities for the community. This is achieved through hosting events and educational activities that foster a growing interest in horses and equestrian sports in the local and regional areas. The organization aims to elevate Omaha as a hub within the sport horse industry, leveraging in-kind donations of facilities, advertising, and legal services to support its initiatives.
Official website here: www.omahaequestrian.org
Who is the CEO of Omaha Equestrian Foundation?
Julie Boilesen is the Chairman And President of Omaha Equestrian Foundation. The CEO's salary of Omaha Equestrian Foundation is $126,000 and their total compensation is $137,078.
Official website here: www.omahaequestrian.org
What is the revenue of Omaha Equestrian Foundation?
Omaha Equestrian Foundation's revenue in 2023 was $7,202,103.
Official website here: www.omahaequestrian.org
Who are the executives of Omaha Equestrian Foundation and what are their salaries?
The average compensation at Omaha Equestrian Foundation during 2023 was $42,963. There are 5 employees and 250 volunteers at Omaha Equestrian Foundation.
Here are 10 key members and their salaries (Omaha Equestrian Foundation's CEO's salary is $126,000 and their total compensation is $137,078):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $126,000
- Related: $0
- Other: $11,078
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.omahaequestrian.org
Where can I find the form 990 for Omaha Equestrian Foundation?
Omaha Equestrian Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.omahaequestrian.org
Learn more at the official website: www.omahaequestrian.org
Mission Statement of Omaha Equestrian Foundation
The Omaha Equestrian Foundation, a dedicated organization, is committed to establishing an international standard of competition and positioning Omaha as a potential host for the World Cup Finals. Their mission extends beyond this, aiming to revolutionize the way equestrian sports are presented within the country. The foundation achieves this goal by producing high-caliber equestrian events that offer both educational and economic development opportunities for the community. These events and educational activities foster a growing interest in horses and equestrian sports locally and regionally.
In pursuit of their mission, the Omaha Equestrian Foundation has received in-kind donations of services, which are not reflected in their 990 revenues as per IRS guidance. These donations include the use of facilities worth $54,000, advertising services valued at $413,500, and legal services worth $20,000. These contributions significantly contribute to the foundation's ability to produce top-tier equestrian events and promote the sport horse industry. The Omaha Equestrian Foundation's mission is to produce international-caliber equestrian events that not only entertain but also serve as catalysts for community development and education in the equestrian field.
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Impact
October, 2024
The Omaha Equestrian Foundation sets a high international standard for equestrian competitions, aiming to make Omaha a central hub for the sport horse industry. By hosting events that meet international criteria, the foundation enhances the visibility and prestige of equestrian sports in the region.
One of its notable ambitions is to prepare Omaha for the World Cup Finals, which would significantly elevate the city's profile within the equestrian community. This initiative not only provides world-class competitive opportunities but also fosters economic development and educational prospects for the local area.
The impact is multifaceted: it creates an influx of tourism, stimulates local businesses, and inspires greater community engagement with equestrian sports. With substantial in-kind donations supporting events—such as facility use and advertising services—the foundation maximizes resources to further enrich the equestrian experience in Nebraska. Ultimately, the Omaha Equestrian Foundation plays a crucial role in transforming the equestrian landscape, ensuring sustainable growth and increased interest in the sport both locally and regionally.
This information is meant to be a general summary of Omaha Equestrian Foundation. 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 2023.
- Program Service Revenue: $5,496,685
- Gross Receipts: $7,239,803
Assets and Liabilities:
- Total Assets: $293,043
- Total Liabilities: $792,602
- Net Assets: -$499,559
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$2,583,522
SPONSORSHIPS
Revenue
$2,407,104
HORSE SHOW
Revenue
$461,157
OTHER EVENT REVENUE
Revenue
$44,902
Organization Details
Founding Year
2010
Phone
(402) 930-3088Principal Officer
Julie Boilesen
Main Address
1004 FARNAM STREET STE 100, OMAHA, NE, 68102
Website
www.omahaequestrian.orgNTEE Category
Code: N69 - Recreation
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