Kentucky Racing Health And Welfare Fund Inc

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

EIN: 610958300 ✦ Louisville, KY ✦ Designated as a 501(c)(3)

Overview

What is Kentucky Racing Health And Welfare Fund Inc?

Kentucky Racing Health and Welfare Fund Inc is a nonprofit organization situated in Louisville, Kentucky, specifically at 422 Heywood Avenue, with a mission to aid, benefit, and provide relief to racing personnel who are employed in the horse racing industry. The organization primarily focuses on providing financial assistance to those who can demonstrate their need. With a team of seven dedicated individuals, the fund's purpose is to offer support to these racing personnel, contributing to their well-being within the horse racing sector.


Official website here: www.kyracinghealth.com

Is Kentucky Racing Health And Welfare Fund Inc legitimate?

Kentucky Racing Health And Welfare Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Racing Health And Welfare Fund 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: $157,325
Professional Fundraising Fees: $0
Other Salaries and Wages: $176,592

For more financial information, click here


Official website here: www.kyracinghealth.com

What is the mission statement of Kentucky Racing Health And Welfare Fund Inc?

The Kentucky Racing Health and Welfare Fund Inc. is established with a mission to provide assistance, aid, relief, and benefit to racing personnel who are employed in the horse racing industry. This organization operates with the primary objective of offering financial assistance to those who can demonstrate a genuine need for it. The fund is organized specifically to cater to the needs of racing personnel connected to horse racing, offering them relief during challenging times.


Official website here: www.kyracinghealth.com

Who is the CEO of Kentucky Racing Health And Welfare Fund Inc?

Richard Riedel is the Chairman of Kentucky Racing Health And Welfare Fund Inc.


Official website here: www.kyracinghealth.com

What is the revenue of Kentucky Racing Health And Welfare Fund Inc?

Kentucky Racing Health And Welfare Fund Inc's revenue in 2022 was $1,501,799.


Official website here: www.kyracinghealth.com

Who are the executives of Kentucky Racing Health And Welfare Fund Inc and what are their salaries?

The average compensation at Kentucky Racing Health And Welfare Fund Inc during 2022 was $47,702. There are 7 employees at Kentucky Racing Health And Welfare Fund Inc.

Here are 7 key members and their salaries:

    Richard P Riedel (Executive Director)
  • Compensation: $157,325
  • Related: $0
  • Other: $11,639

    • Rick Hiles (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carol Hebel (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Randy Scheen (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank Jones (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Burr Travis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donna Ward (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.kyracinghealth.com

    Where can I find the form 990 for Kentucky Racing Health And Welfare Fund Inc?

    The Kentucky Racing Health And Welfare Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.kyracinghealth.com

    Learn more at the official website: www.kyracinghealth.com

    Mission Statement of Kentucky Racing Health And Welfare Fund Inc

    Kentucky Racing Health and Welfare Fund Inc is a nonprofit organization with a mission to benefit, aid, relieve, and assist racing personnel who are employed in the horse racing industry. This mission is carried out by providing exclusive financial assistance to these individuals who can demonstrate a genuine need for such aid. The organization is structured to offer relief and assistance to racing personnel in connection with horse racing, ensuring they receive the support they require during challenging times.

    Impact

    This information is meant to be a general summary of Kentucky Racing Health And Welfare Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Kentucky Racing Health And Welfare Fund Inc's impact is crucial in providing financial assistance to racing personnel employed in connection with horse racing who demonstrate a need for aid, relief, and support. By focusing exclusively on the well-being of these individuals, the organization plays a vital role in ensuring that those working in the horse racing industry have access to the necessary resources and assistance to maintain their health and welfare. The fund's efforts contribute to the overall sustainability and welfare of the racing community, emphasizing the importance of prioritizing the health and well-being of those dedicated to the sport.





    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: $173,627
  • Program Service Revenue: $0
  • Gross Receipts: $3,018,528

    • Assets and Liabilities:
  • Total Assets: $8,469,502
  • Total Liabilities: $0
  • Net Assets: $8,469,502
  • Organization Details

    Founding Year

    1978

    Principal Officer

    Richard Riedel

    Main Address

    422 HEYWOOD AVENUE, LOUISVILLE, KY, 40208

    NTEE Category

    Code: E11 - Health

    If you are a representative of Kentucky Racing Health And Welfare Fund 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.