Overview
What is Grayson-Jockey Club Research Foundation Inc?
Grayson-Jockey Club Research Foundation is a renowned, non-profit charitable organization with open membership, located at 250 Park Ave Suite 2020, New York, NY 10177. Its mission centers around funding veterinary research aimed at improving the health and wellbeing of horses, benefiting all breeds. Though connected to the thoroughbred industry, the majority of research projects are applicable to various horse species. In 2022, the foundation granted 28 research projects totaling $1,659,537. Most research is conducted at North American and selected international universities, and the organization is not bound to any specific university. A portion of the approved funding supports lab technicians and graduate assistants, fostering the growth of future researchers. The foundation's contributions directly impact the research process by providing funds solely for the projects, without covering administrative costs or investigator salaries.
Official website here: www.grayson-jockeyclub.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Grayson-Jockey Club Research Foundation Inc has achieved an impressive 97% rating on Charity Navigator, reflecting its strong performance in accountability and finance. The charity has demonstrated exceptional governance with a fully independent board, consisting of 22 members, and has implemented effective financial oversight mechanisms, receiving full points for its audit and oversight committee.
The foundation has also shown a solid commitment to transparency and ethical practices, with clearly documented policies regarding conflicts of interest, whistleblower protections, and document retention. Financially, the organization is in a robust position, evidenced by a low liabilities to assets ratio and a high program expense ratio, indicating that the majority of its financial resources are directed towards its core mission.
Despite its high rating and commendable practices, the organization’s fundraising efficiency, while good at $0.17 spent per dollar raised, suggests that there may be room for improvement in maximizing fundraising efforts. Overall, Grayson-Jockey Club Research Foundation Inc stands out as a model of financial responsibility and transparency in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Grayson-Jockey Club Research Foundation Inc legitimate?
Grayson-Jockey Club Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grayson-Jockey Club Research Foundation 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: $275,476
Professional Fundraising Fees: $0
Other Salaries and Wages: $128,482
For more financial information, click here
Official website here: www.grayson-jockeyclub.org
What is the mission statement of Grayson-Jockey Club Research Foundation Inc?
Grayson-Jockey Club Research Foundation is a prominent non-profit organization dedicated to funding veterinary research to advance the health and safety of horses. Though it has ties to the thoroughbred horse industry, its research benefits all horse breeds. In 2022, the foundation granted $1,659,537 to 28 research projects. Most research is carried out at universities in North America and some international institutions. Grayson-Jockey Club Research Foundation is not affiliated with any specific university, allowing it to allocate funding to the most promising research based on the recommendations of its Research Advisory Committee. A portion of the funding is used to support lab technicians and graduate assistants, contributing to the training of the next generation of researchers. The foundation does not cover overhead costs such as investigator salaries, ensuring that research dollars go directly to the projects.
Official website here: www.grayson-jockeyclub.org
Who is the CEO of Grayson-Jockey Club Research Foundation Inc?
Unavailable
Official website here: www.grayson-jockeyclub.org
What is the revenue of Grayson-Jockey Club Research Foundation Inc?
Grayson-Jockey Club Research Foundation Inc's revenue in 2022 was $3,114,587.
Official website here: www.grayson-jockeyclub.org
Who are the executives of Grayson-Jockey Club Research Foundation Inc and what are their salaries?
There 23 volunteers at Grayson-Jockey Club Research Foundation Inc.
Here are 26 key members and their salaries:
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Official website here: www.grayson-jockeyclub.org
Where can I find the form 990 for Grayson-Jockey Club Research Foundation Inc?
Grayson-Jockey Club Research Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grayson-jockeyclub.org
Learn more at the official website: www.grayson-jockeyclub.org
Mission Statement of Grayson-Jockey Club Research Foundation Inc
Grayson-Jockey Club Research Foundation, a distinguished non-profit organization, is dedicated to advancing research that enhances the safety and health of horses. Through its unwavering commitment, the Foundation supports veterinary research that benefits the equine community, transcending breed boundaries. With membership open to all, the Foundation's mission is to fund research projects that promote the well-being and soundness of horses.
In 2022, Grayson-Jockey Club Research Foundation granted 28 projects a total of $1,659,537. These research initiatives, mainly carried out at North American universities and select international institutions, aim to make a significant impact on horse health. The Foundation is not bound to any particular university, enabling it to invest in the most promising research based on the recommendations of its expert Research Advisory Committee.
The Foundation's support extends beyond the research projects themselves, as a portion of the approved funding is allocated to cover the salaries of lab technicians and graduate assistants. This additional investment not only bolsters the principal investigator's efforts but also serves to cultivate the next generation of researchers, ensuring a lasting impact from the Foundation's funding. Ultimately, Grayson-Jockey Club Research Foundation's dedication to directly funding research grants translates to a substantial investment in the equine community, contributing to advancements that improve horse health and welfare.
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Impact
October, 2024
Grayson-Jockey Club Research Foundation Inc plays a pivotal role in advancing veterinary research focused on enhancing the safety and health of horses. By funding innovative research projects, the foundation contributes significantly to the overall well-being of equine populations, benefitting not only thoroughbreds but all breeds.
In 2022 alone, the foundation provided 28 grants totaling $1,659,537, supporting critical research initiatives at universities across North America and select international institutions. This funding model fosters a diverse range of research topics, as the foundation is not tied to any specific university but chooses to finance the most promising projects based on expert recommendations from its Research Advisory Committee.
Moreover, the foundation's investment goes beyond just research—it plays a vital role in developing the next generation of veterinary researchers. By allocating funding to lab technicians and graduate assistants, Grayson-Jockey Club not only facilitates current studies but also invests in future scientific talent. This dual impact reinforces the foundation's commitment to both immediate advancements and long-term improvements in horse health and welfare.
The foundation's strategic approach ensures that every dollar contributes directly to research activities, minimizing administrative costs and maximizing the impact of its funding. Through its efforts, Grayson-Jockey Club Research Foundation Inc stands as a cornerstone in the quest to improve equine health, supporting a healthier future for horses everywhere.
This information is meant to be a general summary of Grayson-Jockey Club Research Foundation 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: $961,755
- Gross Receipts: $5,292,428
Assets and Liabilities:
- Total Assets: $37,387,583
- Total Liabilities: $111,920
- Net Assets: $37,275,663
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Organization Details
Founding Year
1989
Phone
(212) 371-5970Main Address
250 Park Ave Suite 2020, New York, NY, 10177
Website
www.grayson-jockeyclub.orgNTEE Category
Code: D054 - Animals
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