R A C E Fund INC: FY2024 Nonprofit Profile & Form 990 (EIN 92-0198499)

Revenue by fiscal year
FY2020	$59K
FY2021	$79K
FY2022	$146K
FY2023	$172K
FY2024	$212K
FY2025	$256K

Expenses by fiscal year
FY2020	$118K
FY2021	$84K
FY2022	$169K
FY2023	$182K
FY2024	$257K
FY2025	$264K

Net assets by fiscal year
FY2020	$189K
FY2021	$184K
FY2022	$160K
FY2023	$151K
FY2024	$105K
FY2025	$97K

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.

95%

Program services 95% · $244K Management & general 4% · $9K Fundraising 1% · $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

3 people listed on the 990.

Part VII, Section A · reportable compensation

Catherine George

Vice Preside

$0Pt VII · Sec A

John Murray

Director

$0Pt VII · Sec A

Marlene Murray

President

$0Pt VII · Sec A

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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.

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Provided by the organization

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1 program · $244K · in their own filed words · FY2024

01

Assisting in finding good homes for retired race horses, providing sanctuary care for horses that are not adpotable. The organization is fostering 17 horses and saved 75 horses from slaughter in 2024.

$244Kprogram 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

Paypal Charitable Giving FundFY2024$7K

The Dorothy G Bender Foundation INCFY2024$1K

Pfizer Foundation INCFY2024$20

Total grants receivedfrom 3 funders$8K

See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$212K

Ln 12

Gifts and grantsLn 1h$204K

Other incomeLn 4–11$8K

Investment incomeLn 3$25

Money outPt IX

$257K

Ln 25

Programscol B$244K

Managementcol C$9K

Fundraisingcol D$3K

Owns and owesPt X

$105K

net assets · Ln 32

Cash and savingsLn 1–2$101K

Total assetsLn 16$105K

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$204K

Fundraising eventsLn 1c$6K

Investment incomeLn 3$25

Other incomeLn 4–11$8K

Total revenueLn 12$212K

Assets in detailPt X, end of year

CashLn 1$6K

SavingsLn 2$95K

Cash and savings togetherLn 1–2$101K

Land, buildings, equipmentLn 10c$4K

Total assetsLn 16$105K

LiabilitiesLn 26$0

Net assetsLn 32$105K

OperationsPt I, VI

EmployeesI 50

VolunteersI 67

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$146K	$101K
Land, buildings, equipmentLn 10c	$5K	$4K
Total assetsLn 16	$151K	$105K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$151K	$105K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$4K		$4K
Other fees for servicesLn 11g	$3K	$362		$3K
Office expensesLn 13	$4K	$95	$3K	$892
TravelLn 17	$722	$352	$370
Depreciation, depletion and amortizationLn 22	$754	$754
InsuranceLn 23	$2K		$2K
Other expenses (24a–d)Ln 24	$243K	$243K	$160
Total functional expensesLn 25	$257K	$244K	$9K	$3K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$256K	$264K	−$8K	$97K	990 PDF
FY2024 Viewing	$212K	$257K	−$45K	$105K	990 PDF
FY2023	$172K	$182K	−$10K	$151K	990 PDF
FY2022	$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 FY2024 990 (6 parts)

Part I · Summary $211,692 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $167,476$204,111

I-9 Program service revenue$0

I-10 Investment incomePrior year $29$25

I-11 Other revenuePrior year $4,523$7,556

I-12 Total revenuePrior year $172,028$211,692

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $182,247$257,159

I-18 Total expensesPrior year $182,247$257,159

I-19 Revenue less expensesPrior year −$10,219−$45,467

Part VI · Governance 3 of 3 board members independent, 4 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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

Part VIII · Statement of revenue $211,692 across 7 lines filed

VIII-1c Fundraising events$6,449

VIII-1f All other contributions, gifts and grants$197,662

VIII-1h Total contributions, gifts and grants$204,111

VIII-3 Investment incomeExcluded from tax $25$25

VIII-8 Net income from fundraising eventsExcluded from tax $7,512$7,512

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $44$44

VIII-12 Total revenueExcluded from tax $7,581$211,692

Part IX · Statement of functional expenses $257,159 across 7 lines filed

IX-11c Accounting feesManagement $3,750$3,750

IX-11g Other fees for servicesPrograms $362 · Fundraising $2,604$2,966

IX-13 Office expensesPrograms $95 · Management $3,081 · Fundraising $892$4,068

IX-17 TravelPrograms $352 · Management $370$722

IX-22 Depreciation, depletion and amortizationPrograms $754$754

IX-23 InsuranceManagement $1,855$1,855

IX-24 Other expenses (24a–d)Programs $242,884 · Management $160$243,044

IX-25 Total functional expensesPrograms $244,447 · Management $9,216 · Fundraising $3,496$257,159

Part X · Balance sheet $105,099 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $5,524$5,787

X-2 Savings and temporary cash investmentsStart of year $140,015$95,039

X-10c Land, buildings and equipment, netStart of year $5,027$4,273

X-16 Total assetsStart of year $150,566$105,099

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $150,566$105,099

X-32 Total net assets or fund balancesStart of year $150,566$105,099

X-33 Total liabilities and net assetsStart of year $150,566$105,099

Part XI · Reconciliation of net assets $105,099 net assets at year end

XI-1 Total revenue$211,692

XI-2 Total expenses$257,159

XI-3 Revenue less expenses−$45,467

XI-4 Net assets at start of year$150,566

XI-10 Net assets at end of year$105,099

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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R A C E Fund INC FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for R A C E Fund INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV