National Museum Of Racing Inc

Organization Overview

National Museum Of Racing Inc is located in Saratoga Springs, NY. The organization was established in 1952. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, National Museum Of Racing Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Museum Of Racing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, National Museum Of Racing Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 9.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CURATORIAL CONSERVATION OF OBJECTS RELATING TO HORSE RACING INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CURATORIAL CONSERVATION OF OBJECTS RELATING TO HORSE RACING HISTORY.


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Board, Officers & Key Employees

Name (title)Compensation
Catherine Masterson
Director
$109,182
Jeffrey S Amling
Treasurer
$0
Charlotte Weber
Vice President
$0
John F Hendrickson
President
$0
Gretchen Jackson
Honorary Chair
$0
William Roebling
Advisory Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$90,254
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,188,473
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,278,727
Total Program Service Revenue$145,776
Investment income $124,459
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $783,654
Net Income from Fundraising Events $279,370
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $32,209
Miscellaneous Revenue$0
Total Revenue $3,891,904

Grants Recieved

Over the last fiscal year, we have identified 18 grants that National Museum Of Racing Inc has recieved totaling $377,293.

Awarding OrganizationAmount
Wsb Family Foundation

Albany, NY

PURPOSE: DONATION

$125,000
Viola Foundation Inc

New York, NY

PURPOSE: UNRESTRICTED

$100,000
Margaret Dorrance Strawbridge Fdn Of Pa 1 Inc

Philadelphia, PA

PURPOSE: UNRESTRICTED

$50,000
Dobson Foundation Inc

Lancaster, PA

PURPOSE: TO ACCOMPLISH 501

$30,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$15,250
Tucker Foundation

Ooltewah, TN

PURPOSE: GENERAL SUPPORT - ART RESTORE PROJECT

$11,500
View Grant Recipient Profile

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