Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2005.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
26 people listed on the 990; $220K paid to officers and key staff.
Michael D Hardy’s $220K as Executive Director is at the 100th percentile of top reported officer pay among 1220 $100K–1M animals nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Dr Mary Scollay | — | $32,219 | $212,980 | $252,000 | $222,590 |
| Michael D Hardy | $220,050 | $160,000 | $24,107 | — | — |
| Dr Dionne Benson | — | $13,727 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Funds research, develops policy, and educates stakeholders to improve horse racing safety and integrity.
Questions for Racing Medication and Testing Consortium INC
Your first name shows with your question. Racing Medication and Testing Consortium INC answers here, for everyone.
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Research, education, and advocacy to ensure the integrity of the horse racing sport and the safety of its PARTICIPANTS.RMTC goals:develop and recommend policies and prohibited practices, and enforcement strategies regarding the use of medications and methods in connection with training and racing HORSES.DEVELOP a durable working…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $730K | $468K |
| Land, buildings, equipmentLn 10c | $4K | $2K |
| Total assetsLn 16 | $880K | $568K |
| LiabilitiesLn 26 | $51K | $105K |
| Net assetsLn 32 | $829K | $463K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $162K | $162K | ||
| Grants to domestic individualsLn 2 | $26K | $26K | ||
| Pay of current officers, directors and key staffLn 5 | $227K | $153K | $74K | |
| Other salaries and wagesLn 7 | $91K | $61K | $30K | |
| Pension plan contributionsLn 8 | $2K | $2K | $810 | |
| Other employee benefitsLn 9 | $7K | $5K | $2K | |
| Payroll taxesLn 10 | $20K | $14K | $7K | |
| Legal feesLn 11b | $3K | $3K | ||
| Accounting feesLn 11c | $36K | $36K | ||
| Other fees for servicesLn 11g | $30K | $30K | ||
| Office expensesLn 13 | $5K | $5K | ||
| Information technologyLn 14 | $5K | $5K | ||
| OccupancyLn 16 | $6K | $6K | ||
| TravelLn 17 | $8K | $8K | ||
| Conferences, conventions and meetingsLn 19 | $60K | $60K | ||
| Depreciation, depletion and amortizationLn 22 | $2K | $2K | ||
| InsuranceLn 23 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $192K | $192K | ||
| Total functional expensesLn 25 | $888K | $752K | $136K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $522K | $888K | −$365K | $463K | 990 PDF |
| FY2023 | $461K | $663K | −$202K | $829K | 990 PDF |
| FY2022 | $719K | $592K | $127K | $1.0M | 990 PDF |
| FY2021 | $765K | $567K | $199K | $904K | 990 PDF |
| FY2020 | $768K | $702K | $66K | $705K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $522,255 revenue, 12 lines filed
Part VI · Governance 25 of 25 board members independent, 3 to look at
Part VIII · Statement of revenue $522,255 across 5 lines filed
Part IX · Statement of functional expenses $887,587 across 18 lines filed
Part X · Balance sheet $568,320 assets, 12 lines filed
Part XI · Reconciliation of net assets $463,198 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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