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Old Friends Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 200049798 ✦ Georgetown, KY ✦ Designated as a 501(c)(3)

Overview

What is Old Friends Inc?

Old Friends Inc, located at 1841 Paynes Depot Road in Georgetown, Kentucky, is a nonprofit organization dedicated to caring for and honoring retired racehorses. With 29 employees, Old Friends Inc raises awareness for the treatment of these horses and provides them with a sanctuary at their farm. Their mission is centered around protecting retired racing thoroughbreds.


Official website here: www.oldfriendsequine.org

Is Old Friends Inc legitimate?

Old Friends Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Friends Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $151,099
Professional Fundraising Fees: $0
Other Salaries and Wages: $96,736

For more financial information, click here


Official website here: www.oldfriendsequine.org

What is the mission statement of Old Friends Inc?

Old Friends Inc is dedicated to providing care and protection for retired racing thoroughbreds. Their mission is to ensure these horses are treated with the respect and care they deserve after their racing careers have ended. The organization raises awareness about the importance of proper retirement care for race horses and offers a sanctuary where they can live out their remaining years in comfort. At Old Friends Inc, retired race horses are cherished and well-taken care of. The team is committed to honoring these animals for their past achievements and contributions to the racing industry.


Official website here: www.oldfriendsequine.org

Who is the CEO of Old Friends Inc?

Michael Blowen is the President/Board Member of Old Friends Inc.


Official website here: www.oldfriendsequine.org

What is the revenue of Old Friends Inc?

Old Friends Inc's revenue in 2022 was $2,822,819.


Official website here: www.oldfriendsequine.org

Who are the executives of Old Friends Inc and what are their salaries?

The average compensation at Old Friends Inc during 2022 was $8,546. There are 29 employees and 35 volunteers at Old Friends Inc.

Here are 17 key members and their salaries:

    Michael Blowen (President/Board Member) [Trustee/Director]
  • Compensation: $55,000
  • Related: $0
  • Other: $0

    • William Van Den Dool (Vp/Board Member) [Trustee/Director]
  • Compensation: $41,000
  • Related: $0
  • Other: $0

    • Barbara Fossum (Sec'Y/Board Member) [Trustee/Director]
  • Compensation: $40,619
  • Related: $0
  • Other: $0

    • Cynthia Grisolia (Chairman) [Trustee/Director]
  • Compensation: $14,480
  • Related: $0
  • Other: $0

    • Jill Baffert (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peggy Gdovka (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suzanne Mundy (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Corey Johnsen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Simon (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clark Nyberg (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Portell (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Burch (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Park Dvm (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Wallace (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diane White (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Chu (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bev Passarello (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.oldfriendsequine.org

    Where can I find the form 990 for Old Friends Inc?

    The Old Friends Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.oldfriendsequine.org

    Learn more at the official website: www.oldfriendsequine.org

    Mission Statement of Old Friends Inc

    Old Friends Inc, a renowned nonprofit organization, is dedicated to caring for and protecting retired racing thoroughbreds. The mission of this esteemed group is to provide these beloved horses with a deserving retirement, offering them a peaceful and nurturing sanctuary after their racing careers have come to an end.

    Old Friends Inc goes above and beyond to raise awareness about the treatment of retired racehorses and honors these animals by offering them a place to call home. The organization's commitment extends beyond mere care, as they strive to keep and cherish each horse, recognizing their unique contributions and achievements during their racing days.

    The nonprofit functions as a farm, where the retired racehorses are allowed to live out their days in comfort and tranquility. Each horse is treated with the utmost respect and care, ensuring a dignified retirement for these once-celebrated athletes. By caring for these horses, Old Friends Inc not only improves their lives but also contributes to the betterment of the equine community as a whole.

    Impact

    This information is meant to be a general summary of Old Friends Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Old Friends Inc has a significant impact on the welfare of retired racing thoroughbreds by providing them with a safe and dignified retirement. Through their activities in caring for and honoring these racehorses, they not only ensure the well-being of the horses but also raise awareness about the treatment of retired racehorses in the industry. Their work in Georgetown, KY, reflects a commitment to protecting these magnificent animals and advocating for their proper care and treatment.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $141,442
  • Gross Receipts: $2,937,113

    • Assets and Liabilities:
  • Total Assets: $5,139,795
  • Total Liabilities: $2,610,412
  • Net Assets: $2,529,383
  • Organization Details

    Founding Year

    2005

    Principal Officer

    Michael Blowen

    Main Address

    1841 Paynes Depot Rd, Georgetown, KY, 40324

    NTEE Category

    Code: D20 - Animals

    If you are a representative of Old Friends Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.