Overview
What is Kentucky Horse Park Foundation Inc?
The Kentucky Horse Park Foundation Inc, based in Lexington, Kentucky, is a dedicated nonprofit organization. Its primary mission is to support the Kentucky Horse Park, a multifaceted entity encompassing various activities and uses. This includes providing annual operational support, aiding equine operations and education, funding capital projects, acquiring horses and equipment, and completing landscape projects. With a team of six dedicated individuals, the foundation's sole purpose is to uphold and enhance the Kentucky Horse Park's operations and impact.
Official website here: www.khpfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating).
The Kentucky Horse Park Foundation Inc has received an impressive 98% rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a perfect score of 100 in both Accountability & Finance and Leadership & Adaptability, the organization demonstrates robust financial health and effective governance. Notably, it has a program expense ratio of 83.33%, indicating a significant allocation of resources toward its mission-driven programs.
The foundation also boasts a fully independent board, with 100% participation from independent members. This independence is coupled with a range of effective governance practices, including a comprehensive conflict of interest policy and a whistleblower policy. Furthermore, the organization excels in feedback collection and utilization, scoring a perfect 100 in both categories, which illustrates its responsiveness to stakeholder input and commitment to continuous improvement.
While the foundation performs well overall, it has room for growth in the area of equity strategies, where it scored 81 out of 100. However, the evidence of strategic partnerships and civic engagement highlights its efforts to mobilize its mission effectively. Overall, the Kentucky Horse Park Foundation Inc is a well-managed organization with a strong focus on its mission, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Horse Park Foundation Inc legitimate?
Kentucky Horse Park Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Horse Park 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: $0
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Other Salaries and Wages: $446,223
For more financial information, click here
Official website here: www.khpfoundation.org
What is the mission statement of Kentucky Horse Park Foundation Inc?
The Kentucky Horse Park Foundation's primary objective is to extend its support to the Kentucky Horse Park. This backing encompasses various uses and activities, such as providing annual operational funding, aiding in equine operations and education, financing capital projects, purchasing horses and equipment, and completing landscaping projects. The foundation's role is instrumental in sustaining and enhancing the operations and experiences at the Kentucky Horse Park.
Official website here: www.khpfoundation.org
Who is the CEO of Kentucky Horse Park Foundation Inc?
Clay Green is the Board Member of Kentucky Horse Park Foundation Inc.
Official website here: www.khpfoundation.org
What is the revenue of Kentucky Horse Park Foundation Inc?
Kentucky Horse Park Foundation Inc's revenue in 2023 was $1,440,880.
Official website here: www.khpfoundation.org
Who are the executives of Kentucky Horse Park Foundation Inc and what are their salaries?
The average compensation at Kentucky Horse Park Foundation Inc during 2023 was $74,370. There are 6 employees and 315 volunteers at Kentucky Horse Park Foundation Inc.
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- Compensation: $168,742
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Official website here: www.khpfoundation.org
Where can I find the form 990 for Kentucky Horse Park Foundation Inc?
Kentucky Horse Park Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.khpfoundation.org
Learn more at the official website: www.khpfoundation.org
Mission Statement of Kentucky Horse Park Foundation Inc
The Kentucky Horse Park Foundation's primary mission is to offer support for the Kentucky Horse Park. In fulfilling this purpose, the foundation engages in various activities and uses, such as providing annual operating support, aiding equine operations and education, financing capital projects, purchasing horses and equipment, and completing landscape projects. By doing so, the Kentucky Horse Park Foundation contributes to the overall well-being and operation of the Kentucky Horse Park.
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Impact
July, 2024
Kentucky Horse Park Foundation Inc's impact lies in providing vital support for the Kentucky Horse Park, encompassing a wide range of uses and activities. This includes annual operating support, assistance for equine operations and education, funding for capital projects, purchasing horses and equipment, and completing landscaping projects. Their focus on sustaining the Kentucky Horse Park contributes to the preservation and promotion of equine activities, education, and recreation in the Lexington area and beyond. This support fosters the continued growth and success of the Kentucky Horse Park as a premier destination for horse enthusiasts and a hub for equine-focused activities.
This information is meant to be a general summary of Kentucky Horse Park 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 2023.
- Investment Income: -$67,881
- Program Service Revenue: $54,600
- Gross Receipts: $5,982,012
Assets and Liabilities:
- Total Assets: $12,166,672
- Total Liabilities: $555,859
- Net Assets: $11,610,813
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENTS
Revenue
$54,600
Organization Details
Founding Year
1985
Phone
(859) 255-5727Principal Officer
Clay Green
Main Address
4075 IRON WORKS PARKWAY, LEXINGTON, KY, 40511
Website
www.khpfoundation.orgNTEE Category
Code: N69I - Recreation
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