Overview
What is This Old Horse Inc?
This Old Horse Inc, a Minnesota-based nonprofit, focuses on the well-being of horses in transition. Their mission encompasses rescue, retirement, and rehoming programs, catering to approximately 220 horses directly under their care. They also support an additional 100 horses through their foster host network in Minnesota, Wisconsin, and Iowa. In 2022, they collaborated with the Minnesota racing industry, influencing legislative changes that freed up nearly 2 million dollars for racehorse aftercare. This organization received recognition for a new equine studies course at the University of Wisconsin - River Falls. With a strong commitment to equine welfare, They have been accredited, awarded, and certified by various organizations, including the Global Federation of Animal Sanctuaries and the Thoroughbred Aftercare Alliance. This Old Horse Inc maintains a high standard of care and support, boasting a remarkable adoption rate, especially for unrideable, special needs, and older horses. With a Guidestar Platinum Transparency Rating and a Top Rated Nonprofit status for Great Nonprofits, this equine welfare organization is a respected member of the MN Horse Welfare Coalition and the MN Horse Council. In 2020, they were named a Purina Brand Ambassador, marking a significant achievement for a nonprofit equine welfare organization.
Official website here: www.thisoldhorse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, Two-Star out of Four Star rating
This Old Horse Inc. has received a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and finance management. The organization scores particularly well in areas such as independent board governance and program expenses, boasting a 94.07% program expense ratio, indicating that a significant portion of their funds goes directly to their mission of rescuing and rehabilitating horses. However, the organization struggles in areas such as having a whistleblower policy and document retention, which are crucial for transparency and accountability.
User reviews consistently highlight the dedication and passion of the staff and volunteers at This Old Horse. Many contributors express gratitude for the organization’s efforts in finding homes for horses, particularly retired or at-risk equines. Reviewers appreciate the unique programs, such as partnerships with educational institutions for retraining horses and community initiatives like pasture-sharing, which enrich the lives of both horses and humans. Personal stories of positive experiences with adoptions and the care provided to horses further underline the organization’s impact on the community.
Nonetheless, some financial metrics indicate areas for improvement. The liabilities to assets ratio shows potential concerns regarding financial stability, alongside the absence of certain policies that could enhance organizational governance. Overall, while This Old Horse Inc. demonstrates strong community involvement and effective horse rescue efforts, attention to governance and financial practices could bolster its reputation and operational efficiency.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about This Old Horse Inc?
92% of 52 reviewers on Facebook recommend This Old Horse Inc. Here is a summary of their reviews:
Many people appreciate the mission of the nonprofit, emphasizing a strong sense of respect and value for older horses. Reviewers note that the organization provides a compassionate environment where these animals are cared for and honored, reflecting a commitment to their well-being.
Overall, the sentiment towards This Old Horse Inc. is positive, with supporters expressing satisfaction with the services and the dedication showcased by the nonprofit in making a difference in the lives of older horses. This community support highlights the importance of their work in advocating for vulnerable animals.
This AI summary has been generated from reviews found on Facebook.
Is This Old Horse Inc legitimate?
This Old Horse Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. This Old Horse 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: $244,522
For more financial information, click here
Official website here: www.thisoldhorse.org
What is the mission statement of This Old Horse Inc?
This Old Horse Inc's mission is centered around providing retirement, rescue, and rehabilitation for older and unwanted horses that have served humans. These horses continue to serve as ambassadors of the impact of 'horse power' by facilitating the development of horsemanship and beginning riding skills for older and special needs riders. The organization supports horses in transition through its rescue, retirement, and rehoming programs, managing and operating 12 barns with around 220 horses under direct care. They also operate a foster host network that supports an additional 100 horses in Minnesota, Wisconsin, and Iowa. In 2022, they influenced legislative changes in the Minnesota racing industry, securing funding for racehorse aftercare. They collaborated with the University of Wisconsin - River Falls, achieving national recognition for a new equine studies course. Their high standards of equine care and support, along with management, fiscal, and administrative excellence, have earned them accreditations and certifications from various equine welfare organizations.
Official website here: www.thisoldhorse.org
What is the revenue of This Old Horse Inc?
This Old Horse Inc's revenue in 2023 was $1,285,931.
Official website here: www.thisoldhorse.org
Who are the executives of This Old Horse Inc and what are their salaries?
The average compensation at This Old Horse Inc during 2023 was $5,822. There are 42 employees and 225 volunteers at This Old Horse Inc.
Here are 6 key members and their salaries:
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Official website here: www.thisoldhorse.org
Where can I find the form 990 for This Old Horse Inc?
This Old Horse Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thisoldhorse.org
Learn more at the official website: www.thisoldhorse.org
Mission Statement of This Old Horse Inc
This Old Horse Inc, a renowned nonprofit organization, is dedicated to providing retirement, rescue, and rehabilitation for older and unwanted horses that have served humans. These horses, once in service, continue to make an impact by serving as ambassadors of 'horse power.' This is achieved through facilitating the development of horsemanship and beginning riding skills for older and special needs riders. The organization's mission is to ensure the well-being and care of these horses, offering them a new lease on life after their working careers have ended.
This Old Horse Inc is not just a sanctuary for horses; it is a platform for the development of horse riding skills for older individuals and those with special needs. By providing these horses with a peaceful retirement, the organization continues to celebrate the power of horses in human lives. Through its rescue, retirement, and rehoming programs, This Old Horse Inc manages and operates multiple barns across the larger St. Paul/Minneapolis metropolitan area, providing care for about 220 horses directly. The organization also supports an additional 100 horses through a foster host network in Minnesota, Wisconsin, and Iowa.
The commitment to equine welfare is evident in This Old Horse Inc's accreditations, awards, and certifications from various equine welfare organizations. It is the only Minnesota organization accredited by the Global Federation of Animal Sanctuaries (GFAS) and the Thoroughbred Aftercare Alliance (TAA). The organization is also a Purina Brand Ambassador, recognized for its exceptional work in equine welfare. Its adoptions rates are remarkable, setting a national standard for innovation in equine adoption strategies.
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Impact
July, 2024
This Old Horse Inc provides retirement, rescue, and rehabilitation to older and unwanted horses that have served humans throughout their careers. The organization serves as ambassadors to the impactful 'horse power' by facilitating the development of horsemanship and beginning riding skills for older and special needs riders. They manage and operate multiple barns in the larger St. Paul/Minneapolis metropolitan area, caring for over 220 horses directly and supporting another 100 through a foster host network.
In 2022, This Old Horse Inc worked with the Minnesota racing industry to secure legislative changes that resulted in nearly $2 million in racehorse aftercare funding, of which they were awarded $110,000. They also conducted a public information campaign on racehorse aftercare at local racetracks and collaborated with the University of Wisconsin-River Falls to create a new course in equine studies focused on retraining racehorses, culminating in a charity adoption auction where all 12 horses were adopted.
This Old Horse Inc has been recognized and certified by various major equine welfare organizations, including being accredited by the Global Federation of Animal Sanctuaries (GFAS) and the Thoroughbred Aftercare Alliance (TAA). They maintain high standards of equine care and support, as well as demonstrate excellence in management, fiscal responsibility, and administration. They have been lauded as a national model for innovation in equine adoption strategies, with remarkable adoption rates, especially considering their specialization in supporting unrideable, special needs, and older horses.
This information is meant to be a general summary of This Old Horse 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 2023.
- Investment Income: $1
- Program Service Revenue: $5,100
- Gross Receipts: $1,368,628
Assets and Liabilities:
- Total Assets: $2,727,366
- Total Liabilities: $2,808,649
- Net Assets: -$81,283
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOARDING
Revenue
$5,100
Organization Details
Founding Year
2012
Principal Officer
Nancy Turner
Website
www.thisoldhorse.orgNTEE Category
Code: P80 - Human services
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