Overview
What is New Vocations Racehorse Adoption?
New Vocations Racehorse Adoption is a compassionate nonprofit organization located in Lexington, Kentucky. Their mission revolves around rehabilitating and finding new homes for retired racehorses. With a dedicated team of 26 employees, they offer a second chance to these horses, ensuring they transition smoothly from their racing careers into new chapters. The organization provides essential care, training, and adoption services, ensuring the retired racehorses are well-prepared for their new lives.
Official website here: www.newvocations.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
New Vocations Racehorse Adoption has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored exceptionally high on various metrics, including a perfect score for having a fully independent board and effective oversight mechanisms. The program expense ratio and fundraising efficiency further demonstrate its capability in effectively utilizing resources for its mission.
User feedback highlights the professionalism of New Vocations in managing the adoption of Thoroughbred and Standardbred horses. Reviewers appreciate the thoughtful matching process between horses and adopters, and the organization’s efforts to provide a supportive transition for horses coming from racetracks. Annual charity events also reinforce community engagement and financial sustainability.
Despite its strengths, there are challenges mentioned, particularly due to the closure of racetracks, which increases the number of horses needing adoption. Reviewers note that while New Vocations does not function as a rescue in the traditional sense, its role in preventing potential euthanasia of at-risk horses is crucial in the current landscape. Overall, the organization is praised for its effectiveness and dedication to its mission.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is New Vocations Racehorse Adoption legitimate?
New Vocations Racehorse Adoption is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Vocations Racehorse Adoption 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: $49,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $404,698
For more financial information, click here
Official website here: www.newvocations.org
What is the mission statement of New Vocations Racehorse Adoption?
New Vocations Racehorse Adoption operates a rehabilitation and adoption program aimed at giving retired racehorses a new lease on life. Through this mission, they provide a second chance for these horses, helping them regain their health and adopt them into loving homes. The organization's primary focus is on the well-being of the horses, ensuring they receive proper care and attention during their transition from the racetrack to retirement. By offering rehabilitation and adoption services, New Vocations Racehorse Adoption plays a crucial role in securing a bright future for these once-raced horses.
Official website here: www.newvocations.org
Who is the CEO of New Vocations Racehorse Adoption?
Dot Morgan is the President of New Vocations Racehorse Adoption.
Official website here: www.newvocations.org
What is the revenue of New Vocations Racehorse Adoption?
New Vocations Racehorse Adoption's revenue in 2022 was $3,344,191.
Official website here: www.newvocations.org
Who are the executives of New Vocations Racehorse Adoption and what are their salaries?
The average compensation at New Vocations Racehorse Adoption during 2022 was $17,469. There are 26 employees and 37 volunteers at New Vocations Racehorse Adoption.
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- Compensation: $114,835
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Official website here: www.newvocations.org
Where can I find the form 990 for New Vocations Racehorse Adoption?
New Vocations Racehorse Adoption's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newvocations.org
Learn more at the official website: www.newvocations.org
Mission Statement of New Vocations Racehorse Adoption
New Vocations Racehorse Adoption is a dedicated rehabilitation and adoption program aimed at giving retired racehorses a second chance at life. The organization takes in thoroughbred horses that have completed their racing career and provides them with the necessary care and training to help them transition into new roles. By offering a sanctuary where these horses can recover and regain their strength, New Vocations Racehorse Adoption enables them to find loving homes as companions, riding horses, or even as therapeutic partners.
The mission of New Vocations Racehorse Adoption is twofold. Firstly, the program focuses on the rehabilitation of these retired racehorses. Each horse is given individual attention, including proper nutrition, veterinary care, and training. This process helps them recover both physically and emotionally, preparing them for the next stage of their lives. Secondly, New Vocations Racehorse Adoption works towards finding suitable adopters for each horse. They conduct thorough assessments to match the horses with individuals or families who can provide them with a loving and caring environment. This personalized approach ensures that each horse is placed in a forever home where they can flourish and continue to make a positive impact. By rehabilitating and adopting retired racehorses, New Vocations Racehorse Adoption not only improves their lives but also helps to raise awareness about the importance of responsible horse ownership and the value of these animals beyond the racetrack.
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Impact
October, 2024
New Vocations Racehorse Adoption plays a crucial role in rehabilitating and rehoming retired racehorses, providing these animals with a second chance at life beyond the racetrack. Located in Lexington, KY, the organization focuses on transitioning thoroughbreds into new careers, whether in riding, companionship, or other equestrian disciplines. The comprehensive rehabilitation programs address the physical and emotional needs of the horses, ensuring they are prepared for adoption into suitable environments. By facilitating the adoption process, New Vocations not only improves the quality of life for retired racehorses but also educates the public about the importance of responsible ownership and the value these horses can bring to new families. Their efforts contribute to a more humane and sustainable approach to the equine industry, positively impacting both the horses and their future caretakers.
This information is meant to be a general summary of New Vocations Racehorse Adoption. 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: $433,523
- Program Service Revenue: $531,080
- Gross Receipts: $4,504,337
Assets and Liabilities:
- Total Assets: $7,348,673
- Total Liabilities: $18,220
- Net Assets: $7,330,453
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$531,080
Organization Details
Founding Year
1999
Phone
(859) 252-9574Principal Officer
Dot Morgan
Main Address
719 DOLAN LANE, LEXINGTON, KY, 40511
Website
www.newvocations.orgNTEE Category
Code: D200 - Animals
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