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Arts, Culture, Humanities : Museums

National Museum of Racing and Hall of Fame

Interpreting the history and conveying the excitement of Thoroughbred racing in America

two stars

78.32

191 Union Avenue Saratoga Springs, NY 12866
tel: (800) 562-5394   Web Site
EIN: 14-1421321

Board Leadership
John Hendrickson
President

CEO
Cate M. Johnson
Director

  Score
(out of 100)
Rating
Overall Score & Rating 78.32 two stars
  Financial 78.65 two stars
  Accountability & Transparency 78.00 two stars
This rating was published 04/01/2020 and includes data from FY2018, the most recent 990 received at that time.

The mission of the National Museum of Racing and Hall of Fame is to interpret the history and convey the excitement of Thoroughbred racing in America to the broadest possible audience. The National Museum of Racing was incorporated in historic Saratoga Springs, New York, in 1950. In 1955 the Museum moved to its present site on Union Avenue, and the Hall of Fame was created to recognize and honor deserving horses, jockeys, and trainers. Over the years the selection process and criteria have been fine-tuned, but the Hall of Fame remains devoted to the original three categories. As of Hall of Fame Day 2007, members include 176 Thoroughbreds, 88 jockeys, and 84 trainers. All are racing heroes.

The mission of the National Museum of Racing and Hall of Fame is to interpret the history and convey the excitement of Thoroughbred racing in America to the broadest possible audience. The National Museum of Racing was incorporated in historic Saratoga Springs, New York, in 1950. In 1955 the Museum moved to its present site on Union Avenue, and the Hall of Fame was created to recognize and honor deserving horses, jockeys, and trainers. Over the years the selection process and criteria have been fine-tuned, but the Hall of Fame remains devoted to the original three categories. As of Hall of Fame Day 2007, members include 176 Thoroughbreds, 88 jockeys, and 84 trainers. All are racing heroes.

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Financial

two stars

78.65

Accountability & Transparency

two stars

78.00

This rating was published 04/01/2020 and includes data from FY2018, 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)
53.8%
  Administrative Expenses 29.2%
  Fundraising Expenses 16.8%
  Fundraising Efficiency $0.10
  Working Capital Ratio (years) 8.24
  Program Expenses Growth 10.6%
  Liabilities to Assets 1.1%
All data for Financial Performance Metrics calculations was provided by National Museum of Racing and Hall of Fame on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by National Museum of Racing and Hall of Fame on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
National Museum of Racing and Hall of Fame (NY) 78.32 two stars
America's Car Museum (WA) 88.19 three stars
Peabody Essex Museum (MA) 88.37 three stars
USS Constitution Museum (MA) 91.99 four stars
AACA Museum (PA) 92.93 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $8,240,735
   Federated Campaigns $0
   Membership Dues $87,674
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $8,328,409
   Program Service Revenue $60,039
Total Primary Revenue $8,388,448
   Other Revenue $1,178,808
TOTAL REVENUE $9,567,256
   
EXPENSES  
   Program Expenses $1,320,856
   Administrative Expenses $669,017
   Fundraising Expenses $504,600
TOTAL FUNCTIONAL EXPENSES $2,494,473
   
Payments to Affiliates $0
Excess (or Deficit) for the year $7,072,783
   
Net Assets $21,764,702

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
Conservation of Horse Racing Objects $1,320,856 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 04/01/2020 78.32 two stars
2017-12 02/01/2019 73.89 two stars
2016-12 04/01/2018 74.54 two stars
2015-12 08/01/2017 75.58 two stars

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

EIN 14-1421321
Name in IRS Master File NATIONAL MUSEUM OF RACING INC
NTEE Code A50
NTEE Classification Museum, Museum Activities
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (60) Museum, zoo, planetarium, etc.
Foundation Status Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes.  509(a)(2)
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 April, 1952
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$89,538 3.58% Catherine M. Johnson Acting Director

Highly Rated

Charity Name & State Overall Score Overall Rating
National Museum of Racing and Hall of Fame (NY) 78.32 two stars
Petersen Automotive Museum (CA) 86.21 three stars
Northern Clay Center (MN) 91.32 four stars
USS Constitution Museum (MA) 91.99 four stars
Naismith Memorial Basketball Hall of Fame (MA) 89.42 three stars

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Charity Contact Info

National Museum of Racing and Hall of Fame
191 Union Avenue
Saratoga Springs, NY 12866
tel: (800) 562-5394
fax: (518) 584-4574
EIN: 14-1421321

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Board Leadership

John Hendrickson
President

CEO

Cate M. Johnson
Director

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