Overview
What is Rbb Inc?
Rbb Inc is a nonprofit organization situated in Redwood City, California, with an address at 2465 Ohio Avenue. Their primary focus is on promoting and elevating the equestrian sport of reining, which has recently been recognized as an Olympic competitive event. Their activities include organizing and managing high-caliber events such as Reining by the Bay and the Cactus Classic, which attract around 600 entrants. Rbb Inc aims to increase public awareness of the sport, encourage more participation, enhance skill levels, educate the public, and support the Olympic Games. The organization plays a significant role in handling event registration, arranging facilities, and overseeing competition proceedings.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Needs Improvement, Two-Star out of Four Stars, Score: 60%
Rbb Inc has received a two-star rating from Charity Navigator, indicating that the organization has significant areas for improvement. While the Accountability & Finance Score is also at 60%, it highlights a lack of transparency regarding financial statements and policies essential for governance. The absence of a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about the organization's operational integrity.
On a positive note, Rbb Inc demonstrates strong program efficiency with a program expense ratio of 98.74%, indicating that a significant portion of their budget is directed towards fulfilling their mission. Additionally, the organization has a completely independent board in terms of its majority composition, which is a strength in governance. However, the limited number of independent board members and the lack of financial documentation can undermine stakeholder trust.
Overall, while Rbb Inc shows strong commitment to its programs, the lack of essential financial transparency and governance policies suggests a need for improvement in accountability practices to enhance its trustworthiness and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Rbb Inc legitimate?
Rbb Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rbb 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: $0
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What is the mission statement of Rbb Inc?
Rbb Inc, dedicated to the equestrian sport of reining, aims to boost public recognition of this recently Olympic-included discipline. The organization strives to attract more competitors, enhance their skills, educate the public, and encourage support for the Olympic Games. By hosting prestigious events such as Reining by the Bay and Cactus Classic, drawing over 600 entrants, Rbb Inc serves to promote the sport, manage registrations, arrange facilities, and supervise competitions.
Who is the CEO of Rbb Inc?
Pat Warren is the President of Rbb Inc.
What is the revenue of Rbb Inc?
Rbb Inc's revenue in 2022 was $1,993,272.
Who are the executives of Rbb Inc and what are their salaries?
There 20 volunteers at Rbb Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rbb Inc?
Rbb Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rbb Inc
Rbb Inc, an organization dedicated to the equestrian sport of reining, has a mission that is multifaceted and far-reaching. Its primary objective is to elevate public awareness of this Olympic competitive sport, which has recently gained prominence. Beyond that, Rbb Inc aims to encourage more individuals to participate in reining, thereby raising skill levels. The organization also plays a significant role in educating the public about the sport and fostering support for the Olympic Games.
In pursuit of its mission, Rbb Inc organizes top-tier reining events such as Reining by the Bay and the Cactus Classic. These events attract a substantial number of entrants, with Reining by the Bay alone drawing over 600 competitors. Rbb Inc is instrumental in promoting these events, managing registrations, arranging facilities, and overseeing the competition itself. Through its efforts, Rbb Inc contributes to the growth and popularity of reining as an Olympic sport, ensuring that both novices and seasoned riders have the opportunity to compete and engage with the equestrian community.
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Impact
July, 2024
Rbb Inc's impact lies in its dedicated efforts to promote the equestrian sport of reining, particularly as it has recently gained recognition as an Olympic competitive sport. By organizing first-class reining events like Reining by the Bay and Cactus Classic, Rbb Inc attracts around 600 entries, showcasing the sport to a wider audience and providing a platform for participants to showcase their skills. Through these events, the organization not only elevates public awareness of reining but also encourages more people to compete, raises skill levels within the sport, educates the public about reining, and fosters support for the Olympic Games. In essence, Rbb Inc plays a crucial role in advancing the popularity and competitiveness of reining, ultimately contributing to the growth and sustainability of the sport.
This information is meant to be a general summary of Rbb 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.
- Program Service Revenue: $1,302,324
- Gross Receipts: $1,993,272
Assets and Liabilities:
- Total Assets: $129,278
- Total Liabilities: $0
- Net Assets: $129,278
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENTRIES
Revenue
$482,320
STALL INCOME
Revenue
$471,554
JUDGES FEE INCOME
Revenue
$160,185
ADMINISTRATION FEE INC
Revenue
$75,983
TRFM QUALIFIER
Revenue
$53,246
Organization Details
Founding Year
2002
Phone
(650) 328-6333Principal Officer
Pat Warren
Main Address
2465 OHIO AVENUE, REDWOOD CITY, CA, 94061
NTEE Category
Code: N69 - Recreation
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