R A C E Fund INC FY2021 filing

Tax-deductible

Harrisburg, PA501(c)(3)AnimalsEIN 92-0198499Revenue $79K in FY2021

On file with the IRSracefund.org221 Pine St, 17101-1349 · Harrisburg, PATax-exempt since Oct 2004Publicly supported — 509(a)(2)

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To assist in finding good homes for race horses after retirement and providing sanctuary for unadoptable horses. Saving horses from slaughter and assisting in adoption and awareness education.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $25K a year · 16% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
26 mo
of spending, in cash
Looks good: 26.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $8K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$79K
+34% vs prior year
Spent
$84K
To programs
93%
Net assets
$184K
By yearFY2020–FY2025
Revenue
$79K
FY2021▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$59K
FY2021$79K
FY2022$146K
FY2023$172K
FY2024$212K
FY2025$256K
Expenses
$84K
FY2021▼ -29%
Tap a bar for its year
Expenses by fiscal year
FY2020$118K
FY2021$84K
FY2022$169K
FY2023$182K
FY2024$257K
FY2025$264K
Net assets
$184K
FY2021▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$189K
FY2021$184K
FY2022$160K
FY2023$151K
FY2024$105K
FY2025$97K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $78K Management & general 5% · $5K Fundraising 1% · $928

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See R A C E Fund INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Finds homes for retired racehorses, offers sanctuary, and saves horses from slaughter.

Questions for R A C E Fund INC

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Provided by the organization

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1 program · $78K · in their own filed words · FY2021
01

Assisting in finding good homes for retired race horses providing sanctuary care for horses that are not adoptable. During 2018, the organization was supporting 17 sanctuary horses.

$78Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$8K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$79K
Ln 12
Gifts and grantsLn 1h$75K
Other incomeLn 4–11$4K
Investment incomeLn 3$44
Money outPt IX
$84K
Ln 25
Programscol B$78K
Managementcol C$5K
Fundraisingcol D$928
Owns and owesPt X
$184K
net assets · Ln 32
Cash and savingsLn 1–2$184K
Total assetsLn 16$184K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$75K
Investment incomeLn 3$44
Other incomeLn 4–11$4K
Total revenueLn 12$79K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$173K
Cash and savings togetherLn 1–2$184K
Total assetsLn 16$184K
LiabilitiesLn 26$0
Net assetsLn 32$184K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$189K$184K
Total assetsLn 16$189K$184K
LiabilitiesLn 26$0$0
Net assetsLn 32$189K$184K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7K$7K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$68$68
Office expensesLn 13$573$573
TravelLn 17$260$260
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$73K$72K$144$860
Total functional expensesLn 25$84K$78K$5K$928

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $256K$264K−$8K$97K 990 PDF
FY2024 $212K$257K−$45K$105K 990 PDF
FY2023 $172K$182K−$10K$151K 990 PDF
FY2022 $146K$169K−$24K$160K 990 PDF
FY2021 Viewing $79K$84K−$5K$184K 990 PDF
FY2020 $59K$118K−$59K$189K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $79,063 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $54,138$75,266
I-9 Program service revenue$0
I-10 Investment incomePrior year $127$44
I-11 Other revenuePrior year $4,626$3,753
I-12 Total revenuePrior year $58,891$79,063
I-13 Grants and similar amounts paidPrior year $4,000$6,531
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $114,160$77,335
I-18 Total expensesPrior year $118,160$83,866
I-19 Revenue less expensesPrior year −$59,269−$4,803
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $79,063 across 5 lines filed
VIII-1f All other contributions, gifts and grants$75,266
VIII-1h Total contributions, gifts and grants$75,266
VIII-3 Investment incomeExcluded from tax $44$44
VIII-8 Net income from fundraising eventsExcluded from tax $3,753$3,753
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,797$79,063
Part IX · Statement of functional expenses $83,866 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $6,531$6,531
IX-11c Accounting feesManagement $2,475$2,475
IX-12 Advertising and promotionFundraising $68$68
IX-13 Office expensesManagement $573$573
IX-17 TravelPrograms $260$260
IX-23 InsuranceManagement $1,392$1,392
IX-24 Other expenses (24a–d)Programs $71,563 · Management $144 · Fundraising $860$72,567
IX-25 Total functional expensesPrograms $78,354 · Management $4,584 · Fundraising $928$83,866
Part X · Balance sheet $184,017 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $12,122$10,975
X-2 Savings and temporary cash investmentsStart of year $176,698$173,042
X-16 Total assetsStart of year $188,820$184,017
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $188,820$184,017
X-32 Total net assets or fund balancesStart of year $188,820$184,017
X-33 Total liabilities and net assetsStart of year $188,820$184,017
Part XI · Reconciliation of net assets $184,017 net assets at year end
XI-1 Total revenue$79,063
XI-2 Total expenses$83,866
XI-3 Revenue less expenses−$4,803
XI-4 Net assets at start of year$188,820
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$184,017

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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