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Arts, Culture, Humanities : Museums

The Harness Racing Museum & Hall of Fame

Dedicated to the support and promotion of the Standardbred industry

81.30

240 Main Street Goshen, NY 10924
tel: (845) 294-6330   Web Site
EIN: 14-1368198

Board Leadership
Max J. Hempt
President

CEO
Janet T. Terhune
Director

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 81.30
  Financial 85.34
  Accountability & Transparency 78.00
This rating was published 09/01/2021 and includes data from FY2020, the most recent 990 received at that time.

The Harness Racing Museum & Hall of Fame is dedicated to comprehensive, active and authoritative support and promotion of the Standardbred industry through documentation and preservation of the history and traditions of this American-born sport. It will also continue to augment existing collections and provide extensive research, educational programming and exciting exhibitory to expand harness racing's interest and appeal, both nationally and internationally, to assure an informed audience and a successful future. The museum's historic collection includes more than 1,500 works of fine art; 1,000 pieces of ephemera; 5,000 photographs; 300 jackets, caps and helmets; 50 sulkies and harness; and 200 trophies. The Peter D. Haughton Library includes more than 2,000 books and bound periodicals and more than 2,000 videos on the sport of harness racing as well as general equine documentation.

The Harness Racing Museum & Hall of Fame is dedicated to comprehensive, active and authoritative support and promotion of the Standardbred industry through documentation and preservation of the history and traditions of this American-born sport. It will also continue to augment existing collections and provide extensive research, educational programming and exciting exhibitory to expand harness racing's interest and appeal, both nationally and internationally, to assure an informed audience and a successful future. The museum's historic collection includes more than 1,500 works of fine art; 1,000 pieces of ephemera; 5,000 photographs; 300 jackets, caps and helmets; 50 sulkies and harness; and 200 trophies. The Peter D. Haughton Library includes more than 2,000 books and bound periodicals and more than 2,000 videos on the sport of harness racing as well as general equine documentation.

Financial

85.34

Accountability & Transparency

78.00

This rating was published 09/01/2021 and includes data from FY2020, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
71.3%
  Administrative Expenses 19.6%
  Fundraising Expenses 8.9%
  Fundraising Efficiency $0.13
  Working Capital Ratio (years) 2.47
  Program Expenses Growth 3.4%
  Liabilities to Assets 0.3%
All data for Financial Performance Metrics calculations was provided by The Harness Racing Museum & Hall of Fame on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Harness Racing Museum & Hall of Fame on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Harness Racing Museum & Hall of Fame (NY) 81.30
The Morgan Library & Museum (NY) 89.12
Bergstrom-Mahler Museum of Glass (WI) 87.89
Naismith Memorial Basketball Hall of Fame (MA) 86.50
The Mariners' Museum (VA) 89.76

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $436,928
   Federated Campaigns $0
   Membership Dues $89,541
   Fundraising Events $0
   Related Organizations $0
   Government Grants $45,500
Total Contributions $571,969
   Program Service Revenue $171,582
Total Primary Revenue $743,551
   Other Revenue $463,181
TOTAL REVENUE $1,206,732
   
EXPENSES  
   Program Expenses $880,618
   Administrative Expenses $240,776
   Fundraising Expenses $107,630
TOTAL FUNCTIONAL EXPENSES $1,229,024
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-22,292
   
Net Assets $7,268,858

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Public Information and Education $401,917 45.6%
Exhibits $262,254 29.8%
Library and Research $216,447 24.6%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2020-04 09/01/2021 81.30
2019-04 03/01/2020 81.33
2018-04 03/01/2019 80.56
2017-04 03/01/2018 80.44
2016-04 05/01/2017 80.24
2015-04 06/01/2016 79.97
 
CN 2.0
2015-04 02/01/2016 78.45
2014-04 09/01/2015 79.96
2013-04 02/01/2014 78.48
2012-04 09/01/2013 72.00
2011-04 07/01/2012 81.77
2010-04 09/20/2011 77.93
 
CN 1.0
2009-04 11/24/2010 86.94
2008-04 11/01/2009 92.29
2007-04 09/01/2008 82.23
2006-04 08/01/2007 81.66
2005-04 07/01/2006 76.34

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 14-1368198
Name in IRS Master File HARNESS RACING MUSEUM AND HALL OF FAME
NTEE Code A50
NTEE Classification Museum, Museum Activities
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (994) Described in section 170(b)1)(a)(vi) of the Code
(60) Museum, zoo, planetarium, etc.
(149) Other instruction and training
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date February, 1951
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End April
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • April, 2019
  • April, 2018
  • April, 2017
  • April, 2016
  • April, 2015
Compensation % of Expenses Paid to Title
$140,500 11.43% Janet T. Terhune Director

Highly Rated

Charity Name & State Overall Score Overall Rating
The Harness Racing Museum & Hall of Fame (NY) 81.30
Muhammad Ali Center (KY) 90.71
Independence Seaport Museum (PA) 93.99
The Museum of Flight (WA) 92.66
Petersen Automotive Museum (CA) 86.20

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Charity Contact Info

The Harness Racing Museum & Hall of Fame
240 Main Street
Goshen, NY 10924
tel: (845) 294-6330
EIN: 14-1368198

Visit Web Site

Board Leadership

Max J. Hempt
President

CEO

Janet T. Terhune
Director

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