Overview
What is Kentucky Equine Management Internship Program Inc?
Kentucky Equine Management Internship Program Inc, also known as KEMI, is a nonprofit organization located in Lexington, Kentucky. Their primary mission is to offer an educational program, providing students with hands-on experience in the equine industry. The internship includes housing at no cost, allowing interns to fully immerse themselves in the farm's daily operations and management of horses from a business perspective. KEMI aims to bridge the gap between classroom learning and practical application, enabling students to gain a comprehensive understanding of the equine industry. With a team of three dedicated individuals, KEMI is committed to fostering the next generation of equine industry professionals.
Official website here: www.kemi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36% (Zero-Star out of Four Star rating)
The Kentucky Equine Management Internship Program Inc has received a low rating of 36% from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. While the organization scores full points for having a majority of independent board members and maintaining a proper board size, it falls short in several critical areas that affect its overall rating. Key weaknesses include the absence of conflict of interest and whistleblower policies, as well as a poor program expense ratio.
This low rating highlights potential issues in the organization’s governance practices and financial management. The lack of essential policies and financial transparency, such as not posting the tax form on its website, raises red flags about how the organization operates. Furthermore, the liabilities to assets ratio was rated poorly, which signifies concerns over the organization's financial health and sustainability.
While the organization excels in board independence and documentation of meetings, the significant limitations in policy and financial practices suggest that potential donors and stakeholders should exercise caution. Addressing these critical weaknesses could lead to improved ratings and greater trust from the public.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Equine Management Internship Program Inc legitimate?
Kentucky Equine Management Internship Program Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Equine Management Internship Program 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: $98,008
For more financial information, click here
Official website here: www.kemi.org
What is the mission statement of Kentucky Equine Management Internship Program Inc?
The Kentucky Equine Management Internship Program Inc's mission is to offer an educational program designed to provide students with practical knowledge of the equine industry. This is achieved by allowing them to apply theoretical lessons in a real-world farming context. By immersing students in daily farm operations and management, they gain a comprehensive understanding of horse care from a business standpoint. The program offers two internships annually, providing housing at no cost to the intern. This enhances their experience, making them available for all farm activities. The program includes weekly classes, monthly meetings with industry professionals, and group outings, with additional expenses covering books, direct housing costs if not provided by the farms, and other related expenses.
Official website here: www.kemi.org
Who is the CEO of Kentucky Equine Management Internship Program Inc?
Jackie A Smith is the President of Kentucky Equine Management Internship Program Inc.
Official website here: www.kemi.org
What is the revenue of Kentucky Equine Management Internship Program Inc?
Kentucky Equine Management Internship Program Inc's revenue in 2022 was $126,772.
Official website here: www.kemi.org
Who are the executives of Kentucky Equine Management Internship Program Inc and what are their salaries?
The average compensation at Kentucky Equine Management Internship Program Inc during 2022 was $32,669. There are 3 employees at Kentucky Equine Management Internship Program Inc.
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Official website here: www.kemi.org
Where can I find the form 990 for Kentucky Equine Management Internship Program Inc?
Kentucky Equine Management Internship Program Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kemi.org
Learn more at the official website: www.kemi.org
Mission Statement of Kentucky Equine Management Internship Program Inc
The Kentucky Equine Management Internship Program Inc, in its mission, aims to offer an educational program that empowers students with practical knowledge of the equine industry. By providing hands-on experience, this program allows students to apply the theoretical concepts they learn in a classroom setting on a farm. The daily operations of a farm and the overall management and care of horses become the students' realm of responsibility, thereby providing a comprehensive understanding of the thoroughbred industry from a business perspective. The program, held twice a year, offers housing at no cost to the intern to enhance their farm experience, making them available to participate in all farm activities throughout their internship period. The expenses incurred during this period include the cost of books, weekly class time, monthly meetings with key industry members, direct housing costs if not provided by the farms, and group outings.
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Impact
October, 2024
The Kentucky Equine Management Internship Program Inc. has a significant impact on students pursuing careers in the equine industry. By offering structured internships, the program equips participants with hands-on experience essential for understanding the complexities of farm operations and horse management. Interns gain practical knowledge by engaging in day-to-day activities on thoroughbred farms, fostering a comprehensive understanding of both animal care and the business aspects of the equine industry.
The program provides housing at no cost, ensuring that interns can immerse themselves fully in their learning experiences without the financial burden of living expenses. This advantageous arrangement allows students to participate in all farm activities and access valuable networking opportunities through monthly meetings with industry professionals. Furthermore, the program integrates classroom learning with real-world application, bridging the gap between theory and practice and enhancing overall educational outcomes.
By emphasizing experiential learning and professional development, the Kentucky Equine Management Internship Program nurtures the next generation of equine industry leaders, contributing to the growth and sustainability of the sector.
This information is meant to be a general summary of Kentucky Equine Management Internship Program 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: $67
- Program Service Revenue: $62,205
- Gross Receipts: $126,772
Assets and Liabilities:
- Total Assets: $253,397
- Total Liabilities: $4,476
- Net Assets: $248,921
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$62,205
Organization Details
Founding Year
1998
Phone
(859) 272-7629Principal Officer
Jackie A Smith
Main Address
3082 WALNUT HILL RD, LEXINGTON, KY, 40515
Website
www.kemi.orgNTEE Category
Code: B99 - Education
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