Overview
What is Secretariat Center Inc?
Secretariat Center Inc is a nonprofit organization committed to rehoming and rehabilitating retired racehorses. Their primary objective is to offer these horses a second chance at life by providing them with retraining and new homes. This mission is essential in ensuring the horses' welfare and well-being beyond their racing careers. The organization operates with a dedicated focus on finding suitable homes for these horses, thereby giving them a fresh start and new opportunities.
Official website here: www.secretariatcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star Rating
Secretariat Center Inc has received a commendable score of 90% from Charity Navigator, reflecting strong performance in various areas of accountability and finance. The organization boasts a perfect score in leadership and adaptability, indicating effective governance and strategic planning. Its independent board consists entirely of 16 members, showcasing a commitment to impartial oversight and fiduciary responsibility.
The nonprofit demonstrates excellent financial health, with a program expense ratio of nearly 95%, which suggests that the majority of its funds are directed towards its mission-related activities. The organization has robust policies in place, including conflict of interest and whistleblower protections, and it actively collects and utilizes feedback from stakeholders, achieving maximum scores in these areas.
However, there is room for improvement in its equity strategies, where it scored 77 out of 100. While the organization performs well overall, enhancing its focus on equity could further strengthen its community impact and inclusivity. Overall, Secretariat Center Inc presents as a well-managed and transparent organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Secretariat Center Inc?
96% of 105 reviewers on Facebook recommend Secretariat Center Inc. Here is a summary of their reviews:
Many individuals express their appreciation for the thorough professionalism and passion displayed by the staff, particularly noting the executive director and trainers. Reviewers highlight an exceptional adoption process, with staff members like Catherine providing thorough answers to questions and support throughout the experience. The expertise of the trainers, especially Kara, is applauded, making the process of finding and riding potential horses enjoyable and informative.
Moreover, adopters feel a deep sense of trust in the organization, crediting them for their knowledge about each horse and for fostering a supportive environment. Reviewers also appreciate knowing that the adoption fee contributes to the nonprofit's ongoing mission, enhancing their overall satisfaction with the Secretariat Center's services.
This AI summary has been generated from reviews found on Facebook.
Is Secretariat Center Inc legitimate?
Secretariat Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Secretariat Center 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: $76,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $146,494
For more financial information, click here
Official website here: www.secretariatcenter.org
What is the mission statement of Secretariat Center Inc?
Secretariat Center Inc, dedicated to its primary mission, focuses on re-educating adoptable racehorses. The ultimate goal is to offer these horses new homes and new lives beyond their racing careers. The organization strives to provide these horses with second chances, ensuring they transition smoothly into different roles and environments. To achieve this, Secretariat Center Inc invests time and resources into re-schooling these horses, preparing them for their new lives.
Official website here: www.secretariatcenter.org
Who is the CEO of Secretariat Center Inc?
Holly Schmitt is the Board Member of Secretariat Center Inc.
Official website here: www.secretariatcenter.org
What is the revenue of Secretariat Center Inc?
Secretariat Center Inc's revenue in 2022 was $558,255.
Official website here: www.secretariatcenter.org
Who are the executives of Secretariat Center Inc and what are their salaries?
The average compensation at Secretariat Center Inc during 2022 was $13,959. There are 16 employees at Secretariat Center Inc.
Here are 14 key members and their salaries:
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- Compensation: $76,850
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Official website here: www.secretariatcenter.org
Where can I find the form 990 for Secretariat Center Inc?
Secretariat Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.secretariatcenter.org
Learn more at the official website: www.secretariatcenter.org
Mission Statement of Secretariat Center Inc
Secretariat Center Inc, named after the renowned racehorse, has a primary mission that revolves around re-educating and re-homing adoptable racehorses. Their ultimate goal is to provide these horses with new lives and homes beyond their racing careers. The center aims to transform these horses, giving them a second chance at a fulfilling life outside of the racetrack.
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Impact
July, 2024
Secretariat Center Inc plays a significant role in the re-schooling of adoptable racehorses, with the primary goal of finding them new homes and new lives. Their work not only benefits the horses themselves but also contributes to promoting animal welfare and ensuring the well-being of these animals. Through their efforts, Secretariat Center Inc positively impacts the lives of both the racehorses they work with and the individuals or families who provide these horses with loving homes.
This information is meant to be a general summary of Secretariat Center 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 2022.
- Investment Income: $117
- Program Service Revenue: $221,929
- Gross Receipts: $558,255
Assets and Liabilities:
- Total Assets: $623,096
- Total Liabilities: $359
- Net Assets: $622,737
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RETIRED THOROUGHBRED A
Revenue
$221,929
Organization Details
Founding Year
2011
Phone
(859) 246-3080Principal Officer
Holly Schmitt
Main Address
4155 WALT ROBERTSON ROAD, LEXINGTON, KY, 40511
Website
www.secretariatcenter.orgNTEE Category
Code: N69 - Recreation
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