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.
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

Charts

Compensation % of Expenses Paid to Title
$140,500 11.43% Janet T. Terhune Director

Mission

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Harness Racing Museum & Hall of Fame (NY) 81.30
Intrepid Museum Foundation (NY) 87.35
Air Force Museum Foundation (OH) 85.12
USS Constitution Museum (MA) 92.83
Northern Clay Center (MN) 90.75

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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