EIN 14-1421321

National Museum of Racing and Hall of Fame

Name: National Museum of Racing and Hall of Fame financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Saratoga Springs

State

New York

Year formed

1950

Most recent tax filings

2022-12-01

NTEE code, primary

A54: History Museums

Description

To interpret the history and convey the excitement of Thoroughbred racing in America to the broadest possible audience. The Museum fosters education and understanding of Thoroughbred racing by providing public access to equine art, artifacts, memorabilia, film, video, books and historical archives. The Museum collects, preserves, researches, interprets and exhibits the entire spectrum of Thoroughbred racing, enhanced by interactive displays. Further, the Museum is the Official National Thoroughbred Racing Hall of Fame honoring horses, trainers, jockeys and Pillars of the Turf.

Also known as...

National Museum of Racing

Total revenues

$6,266,172

2022

Total expenses

$3,667,991

2022

Total assets

$29,006,071

2022

Num. employees

2022

Program areas at National Museum of Racing and Hall of Fame

Curatorial conservation of objects relating to horse Racing history.

Who funds National Museum of Racing and Hall of Fame

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Fidelity Investments Charitable Gift Fund	2022-06	For Grant Recipient's Exempt Purposes	$167,450
Morgan Stanley Global Impact Funding Trust	2022-12	Unrestricted General Support	$100,000
Viola Foundation	2022-12	Unrestricted	$100,000
...and 25 more grants received totalling $622,615

Personnel at National Museum of Racing and Hall of Fame

Name	Title	Compensation	Date of data
Catherine M Masterson	Director	$117,192	2023-06-16
Lisa Troutt	Vice Chairman	$0	2022-12-31
Jeffrey S Amling	Treasurer	$0	2022-12-31
Mike Rogers	Vice Chairman	$0	2022-12-31
William Roebling	Advisory Trustee	$0	2022-12-31
...and 6 more key personnel

Financials for National Museum of Racing and Hall of Fame

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$4,855,678	$2,278,727	113.1%
Program services	$147,786	$145,776	1.4%
Investment income and dividends	$155,546	$124,459	25%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$537,022	$783,654	-31.5%
Net income from fundraising events	$222,496	$279,370	-20.4%
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$18,041	$32,209	-44%
Miscellaneous revenues	$329,603	$247,709	33.1%
Total revenues	$6,266,172	$3,891,904	61%

Form 990s for National Museum of Racing and Hall of Fame

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-06-16	990	View PDF
2021-12	2022-05-13	990	View PDF
2020-12	2021-07-21	990	View PDF
2019-12	2020-09-25	990	View PDF
2018-12	2019-12-27	990	View PDF
...and 11 more Form 990s

Organizations like National Museum of Racing and Hall of Fame

Organization	Type	Location	Revenue
Yakima Valley Museum and Historical Association	501(c)(3)	Yakima, WA	$1,589,706
Audrain Automobile Museum	501(c)(3)	Newport, RI	$2,708,328
Museum of Afro American History	501(c)(3)	Boston, MA	$4,685,463
National Museum of Industrial History (NMIH)	501(c)(3)	Bethlehem, PA	$1,931,018
Museum of Northern Arizona (MNA)	501(c)(3)	Flagstaff, AZ	$3,192,331
The Brinton Museum	501(c)(3)	Big Horn, WY	$2,812,567
San Diego Automotive Museum	501(c)(3)	San Diego, CA	$2,205,853
Museum of Chinese in America	501(c)(3)	New York, NY	$3,205,010
Airborne and Special Operations Museum Foundation	501(c)(3)	Fayetteville, NC	$4,115,720
Virginia Museum of History and Culture	501(c)(3)	Richmond, VA	$15,255,895

Data update history

October 25, 2023

Received grants

Identified 3 new grant, including a grant for $10,000 from Barry K Schwartz Family Foundation

August 19, 2023

Received grants

Identified 22 new grant, including a grant for $210,000 from The Lewis Family Charitable Foundation

August 3, 2023

Posted financials

Added Form 990 for fiscal year 2022

August 1, 2023

Posted financials

Added Form 990 for fiscal year 2021

May 12, 2023

Updated personnel

Identified 1 new personnel

Nonprofit Types

Arts, culture, and humanities nonprofitsMuseumsCharities

Issues

Arts, cultural, and humanities

Characteristics

Fundraising eventsGala fundraisersTax deductible donations

General information

Address: 191 Union Ave; Saratoga Springs, NY 12866
Metro area: Albany-Schenectady-Troy, NY
County: Saratoga County, NY
Website URL: racingmuseum.org/
Phone: (518) 584-0400
Facebook page: NMRHOF
Twitter profile: @nmrhof

IRS details

EIN: 14-1421321
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1950
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: A54: History Museums
NAICS code, primary: 7121: Museums, Historical Sites, and Similar Institutions
Parent/child status: Independent

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National Museum of Racing and Hall of Fame

Program areas at National Museum of Racing and Hall of Fame

Who funds National Museum of Racing and Hall of Fame

Personnel at National Museum of Racing and Hall of Fame

Financials for National Museum of Racing and Hall of Fame

Form 990s for National Museum of Racing and Hall of Fame

Organizations like National Museum of Racing and Hall of Fame

Nonprofits

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