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Meadowbrook Foundation Inc

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

EIN: 300020043 ✦ Chevy chase, MD ✦ Designated as a 501(c)(3)

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Overview

What is Meadowbrook Foundation Inc?

Meadowbrook Foundation Inc, situated in Chevy Chase, Maryland, is a nonprofit organization with a primary focus on equestrian education. Their mission involves educating the public about horses, promoting the development of equestrian skills, and instilling principles such as kindness, responsibility, and care for all animals. The foundation provides opportunities for at-risk youth to interact with horses in a safe and educational environment. Additionally, they prioritize horse welfare, offering medical care and therapeutic treatments to ensure the animals' comfort and mental stimulation. Furthermore, Meadowbrook Foundation Inc is dedicated to preserving the historical Meadowbrook Stables, with a particular emphasis on restoring the barn and buildings, maintaining the grounds, and upholding the seventy-year tradition of horsemanship. With a workforce of 63 individuals, the foundation strives to make a positive impact on both horses and the community.


Official website here: www.meadowbrookstables.com

What are the reviews and ratings of this charity?

Charity Navigator Rating 88% - Three-Star out of Four Star Rating

The Meadowbrook Foundation Inc has received an overall score of 88%, reflecting a solid performance in accountability and finance. This rating is derived from a comprehensive evaluation that places significant weight on financial practices, indicating a commitment to transparency and responsible management of resources.

Strengths of the organization include a fully audited financial statement and a robust conflict of interest policy, both of which demonstrate a high level of financial integrity. Additionally, the foundation has shown effective document retention and governance practices, evidenced by the maintenance of board meeting minutes and adherence to a whistleblower policy. However, the organization does not have any independent board members, which points to a potential area for improvement in governance and oversight.

While the financial health indicators, such as the program expense ratio and liabilities to assets ratio, are commendable, the lack of independent board members could raise concerns about the objectivity in decision-making processes. Overall, the foundation showcases a strong accountability framework, but enhancing board independence may strengthen its governance further.


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

Is Meadowbrook Foundation Inc legitimate?

Meadowbrook Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meadowbrook Foundation 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: $114,904
Professional Fundraising Fees: $0
Other Salaries and Wages: $704,483

For more financial information, click here


Official website here: www.meadowbrookstables.com

What is the mission statement of Meadowbrook Foundation Inc?

The Meadowbrook Foundation Inc's mission is centered around educating the public about horses. This is achieved through programs that promote the development of equestrian skills and instill principles of kindness, responsibility, and animal care. The foundation also offers opportunities for youth at risk to interact with horses in a safe and educational environment. Furthermore, the foundation is committed to horse welfare, providing medical care and therapeutic treatments to ensure the animals' comfort and mental stimulation. Lastly, the foundation engages in historic preservation, with a focus on restoring the stable's barn and buildings, preserving the grounds, and maintaining the tradition of horsemanship that has lasted for over 70 years.


Official website here: www.meadowbrookstables.com

Who is the CEO of Meadowbrook Foundation Inc?

Jessica Leonardi is the Chairman of Meadowbrook Foundation Inc.


Official website here: www.meadowbrookstables.com

What is the revenue of Meadowbrook Foundation Inc?

Meadowbrook Foundation Inc's revenue in 2022 was $2,534,195.


Official website here: www.meadowbrookstables.com

Who are the executives of Meadowbrook Foundation Inc and what are their salaries?

The average compensation at Meadowbrook Foundation Inc during 2022 was $13,006. There are 63 employees and 25 volunteers at Meadowbrook Foundation Inc.


Here are 11 key members and their salaries:


Kerry Richard (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Kennedy (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julia Creighton (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Laycock (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Missy Lynch (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Fassbach (Board Member (Start 3/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Karin Krchnak (Board Member (Start 3/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesse Martin (Board Member (Start 3/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Shelly Trimble (Board Member (Start 3/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Allison Fultz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katrina Weinig (Executive Director (End 10/3/2022))
  • Compensation: $112,760
  • Related: $0
  • Other: $3,833


Official website here: www.meadowbrookstables.com

Where can I find the form 990 for Meadowbrook Foundation Inc?

Meadowbrook Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.meadowbrookstables.com

Learn more at the official website: www.meadowbrookstables.com

Mission Statement of Meadowbrook Foundation Inc

Meadowbrook Foundation Inc is dedicated to educating the public about horses through various programs designed to cultivate equestrian skills and instill principles such as kindness, responsibility, and animal care. The organization offers opportunities for youth-at-risk, who might not otherwise have the chance, to interact with horses in a safe, positive, and educational environment. Beyond this, Meadowbrook Foundation Inc is also committed to horse welfare. This involves providing medical care and therapeutic treatments to ensure the horses' comfort and mental stimulation, allowing them to function in a healthy and productive manner. Additionally, the foundation has a focus on historic preservation, particularly in the restoration of Meadowbrook Stables, with special attention given to the barn and buildings, the stewardship of the grounds, and the continued care to maintain the seventy-year tradition of horsemanship.

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Impact




October, 2024

Meadowbrook Foundation Inc significantly impacts the community by fostering equestrian education and promoting the welfare of horses. Through engaging programs, it educates the public about horses, aiming to develop equestrian skills while instilling values of kindness, responsibility, and care for all animals. A particular focus is placed on youth-at-risk, providing them with safe and positive opportunities to interact with horses, which can be transformative for their personal development and self-esteem.

Additionally, the foundation prioritizes horse welfare through medical care and therapeutic treatments that enhance the quality of life for these animals. This commitment not only ensures that horses remain healthy and mentally stimulated but also enables them to thrive in productive environments.

Meadowbrook Foundation Inc also plays a vital role in the historic preservation of Meadowbrook Stables, ensuring the restoration and ongoing care of the facilities. This dedication to maintaining a seventy-year tradition of horsemanship reinforces a community legacy and provides a backdrop for future generations to learn about and appreciate equestrian practices. Overall, Meadowbrook Foundation Inc creates a positive ripple effect through education, welfare, and preservation, enriching both individuals and the broader community.




This information is meant to be a general summary of Meadowbrook Foundation 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
$2,534,195 (2022)
201120122013201420152016201720182019202020212022$0$800k$1.6M$2.4M$3.2M
Expenses
$2,319,367 (2022)
201120122013201420152016201720182019202020212022$0$600k$1.2M$1.8M$2.4M
Efficiency
2011201220132014201520162017201820192020202120220%9%18%27%41%

Other financial information:

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

  • Investment Income: -$16,360
  • Program Service Revenue: $2,107,296
  • Gross Receipts: $2,554,725

Assets and Liabilities:

  • Total Assets: $3,736,319
  • Total Liabilities: $1,172,081
  • Net Assets: $2,564,238

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Programs

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

LESSONS

Revenue

$1,194,103

BOARDING

Revenue

$309,372

SUMMER CAMP

Revenue

$220,135

SHOWS AND CLINICS

Revenue

$188,062

HORSE LEASES

Revenue

$182,992

Organization Details

Founding Year

2001

Principal Officer

Jessica Leonardi

Main Address

8200 MEADOWBROOK LANE, CHEVY CHASE, MD, 20815

NTEE Category

Code: N69 - Recreation

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