Overview
What is Equestrian Events Inc?
Equestrian Events Inc, based in Lexington, Kentucky, is a nonprofit organization with a mission to promote and advance equestrian sports on a global scale. With around seven employees, they stage events at the highest level, offering development opportunities for riders, horses, and equine organizations. Their primary activity, the Kentucky Horse Trials, serves as a platform for selecting U.S. equestrian teams competing nationally and internationally, with approximately 131 participants this year. Through their events, Equestrian Events Inc aims to boost the competitiveness of the United States in equestrian sports.
Official website here: www.eq_events.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Equestrian Events Inc has received a Three-Star rating from Charity Navigator, indicating a solid commitment to accountability and finance. The organization's score reflects a strong performance in various categories, particularly in board independence and financial oversight, where it scored full points. This suggests that the organization operates with a high level of transparency and governance, which is crucial for maintaining donor trust.
The nonprofit has a good program expense ratio of 80.18%, demonstrating that a significant portion of its funding is directed toward its programs rather than administrative costs. This is a positive indicator for supporters who wish to see their contributions making a direct impact. However, the organization has some weaknesses, particularly regarding its whistleblower policy, which is currently missing. This could be a concern for those prioritizing comprehensive governance practices.
In terms of financial stability, Equestrian Events Inc has a liabilities to assets ratio of 66.97%, which raises some caution regarding its financial health. While this is not uncommon for nonprofits, it highlights the importance of continued monitoring of the organization’s financial practices. Overall, while the organization demonstrates many strengths in accountability and finance, there are areas that could benefit from improvement to enhance its overall effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Equestrian Events Inc legitimate?
Equestrian Events Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Equestrian Events 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: $90,944
Professional Fundraising Fees: $0
Other Salaries and Wages: $420,312
For more financial information, click here
Official website here: www.eq_events.com
What is the mission statement of Equestrian Events Inc?
Equestrian Events Inc's mission is centered around the development of equestrian sports. They achieve this by organizing events at the highest level. The primary goal is to provide growth opportunities for riders, horses, and equine organizations. Furthermore, Equestrian Events Inc strives to enhance the competitiveness of the United States in the international equestrian scene. One of their notable activities is the Kentucky Horse Trials, which serves as a platform for selecting U.S. equestrian teams for national and international competitions. This year, approximately 131 participants took part in these trials.
Official website here: www.eq_events.com
Who is the CEO of Equestrian Events Inc?
Michael Cooper is the President of Equestrian Events Inc.
Official website here: www.eq_events.com
What is the revenue of Equestrian Events Inc?
Equestrian Events Inc's revenue in 2022 was $5,704,523.
Official website here: www.eq_events.com
Who are the executives of Equestrian Events Inc and what are their salaries?
The average compensation at Equestrian Events Inc during 2022 was $73,037. There are 7 employees and 1000 volunteers at Equestrian Events Inc.
Here are 26 key members and their salaries:
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Official website here: www.eq_events.com
Where can I find the form 990 for Equestrian Events Inc?
Equestrian Events Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eq_events.com
Learn more at the official website: www.eq_events.com
Mission Statement of Equestrian Events Inc
Equestrian Events Inc, a prominent organization in the equestrian world, is committed to fostering the growth of equestrian sports. They achieve this by organizing events at the highest level. The primary goal of Equestrian Events Inc is to offer development opportunities for riders, horses, and equine organizations. By staging these events, they aim to enhance the competitiveness of the United States on an international stage.
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Impact
July, 2024
Equestrian Events Inc's impact lies in the support and development of equestrian sports at the highest level. Through staging events like the Kentucky Horse Trials, which serve as a platform for the selection of U.S. equestrian teams competing nationally and internationally, EEI plays a crucial role in advancing the competitiveness of the United States in the equestrian world. By providing opportunities for riders, horses, and equine organizations to grow and excel, Equestrian Events Inc is instrumental in elevating the standards of equestrian sports on a global scale.
This information is meant to be a general summary of Equestrian Events 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: $88,378
- Program Service Revenue: $2,936,190
- Gross Receipts: $6,222,158
Assets and Liabilities:
- Total Assets: $1,456,532
- Total Liabilities: $921,870
- Net Assets: $534,662
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS/ENTRY FEES
Revenue
$2,560,002
TRADE FAIR
Revenue
$376,188
Organization Details
Founding Year
1975
Phone
(859) 254-5116Principal Officer
Michael Cooper
Main Address
PO BOX 12110, LEXINGTON, KY, 405802110
Website
www.eq_events.comNTEE Category
Code: N60 - Recreation
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