Radnor Hunt Foundation

“The board of directors review the form 990 before it is filed with the irs. The form 990 is distributed via the regular mail or by e-mail. A board resolution is not required in order for the form 990 to be filed.”

“If the governing documents (articles of incorporation, bylaws, and constitution), the conflict of interest policy, and the financial statements were to become subject to federal or state public disclosure rules, these documents would be made available to the public as the applicable law would require. In absence of such federal and state rules, the documents mentioned above would be provided to the public on a case by case basis at the discretion of management.”

“During 2019, the radnor hunt foundation (foundation) launched a fundraising campaign for contributions in support of its plans to construct an indoor equestrian riding ring (indoor ring) in furtherance of the foundation's mission. In october 2019, the foundation entered into a ground lease with radnor hunt, a pennsylvania nonprofit organization exempt from tax under section 501(c)(7) of the internal revenue code (code), to lease approximately 2 acres of land owned by radnor hunt on which the foundation would construct the indoor ring. Construction on the indoor ring commenced in 2019 with completion expected by summer 2020. When completed, the foundation anticipates use of the indoor ring to further its educational and charitable purposes by making the indoor ring available without charge to the radnor pony club, a pennsylvania nonprofit organization exempt from tax under section 501(c)(3) of the code, in furtherance of the pony club's youth educational mission. Radnor pony club members also are offered reduced-rate subscriptions for use of the indoor ring for their individual lessons and training. The indoor ring will be offered at little or no charge for use by other nonprofit 501(c)(3) organizations in furtherance of their charitable and educational purposes and to other group and individual members of the local community for lessons. In addition, the foundation will use the indoor ring as part of its annual horse trials event during which olympic level riders are expected to compete. The foundation, which has no employees or paid staff, expects to engage radnor hunt to operate and manage the indoor ring on its behalf and in furtherance of the foundation's charitable and educational purposes.”

“Book / tax depreciation difference 466”