R A C E Fund INC FY2022 filing

Tax-deductible

Harrisburg, PA501(c)(3)AnimalsEIN 92-0198499Revenue $146K in FY2022

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.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.4 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
$146K
+84% vs prior year
Spent
$169K
To programs
95%
Net assets
$160K
By yearFY2020–FY2025
Revenue
$146K
FY2022▲ +84%
Tap a bar for its year
Revenue by fiscal year
FY2020$59K
FY2021$79K
FY2022$146K
FY2023$172K
FY2024$212K
FY2025$256K
Expenses
$169K
FY2022▲ +102%
Tap a bar for its year
Expenses by fiscal year
FY2020$118K
FY2021$84K
FY2022$169K
FY2023$182K
FY2024$257K
FY2025$264K
Net assets
$160K
FY2022▼ -13%
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 FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

95 cents of each dollar spent went to programs.

Program services 95% · $161K Management & general 3% · $5K Fundraising 2% · $3K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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.

Provided by the organization

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2 programs · $322K · in their own filed words · FY2022
01

Assisting in finding good homes for retired race horses, providing sanctuary care for horses that are not adpotable. The organization is fostering 18 horses and saved 53 horses from slaughter in 2022.

$161Kprogram expense
02

Assisting in finding good homes for retired race horses, providing sanctuary care for horses that are not adpotable. The organization is fostering 18 horses and saved 53 horses from slaughter in 2022.

$161Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$146K
Ln 12
Gifts and grantsLn 1h$141K
Other incomeLn 4–11$5K
Investment incomeLn 3$34
Money outPt IX
$169K
Ln 25
Programscol B$161K
Managementcol C$5K
Fundraisingcol D$3K
Owns and owesPt X
$160K
net assets · Ln 32
Cash and savingsLn 1–2$160K
Total assetsLn 16$160K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$141K
Government grantsLn 1e$22K
Investment incomeLn 3$34
Other incomeLn 4–11$5K
Total revenueLn 12$146K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$160K
Total assetsLn 16$160K
LiabilitiesLn 26$0
Net assetsLn 32$160K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No

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 Viewing $146K$169K−$24K$160K 990 PDF
FY2021 $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 FY2022 990 (1 part)
Part VI · Governance 4 of 4 board members independent, 4 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-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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