Civic Intelligence

Racehorse Remember Me Rescue Foundation

990 • Fiscal year 2016 • EIN 26-3974010

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 03, 2017

4100 Conveyor DriveBurleson, TX 76028

(817) 689-1214

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

27th percentile

-6.9%

Higher net margin than 27% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

30th percentile

-9.4%

Faster asset growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

12th percentile

-42%

Faster revenue growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$74,405

Down $7,675 (-9.4%) from 2015

Net Assets

Down

$74,405

Down $7,675 (-9.4%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$111,630

Down $80,658 (-42%) from 2015

Expenses

Down

$119,306

Down $84,601 (-41%) from 2015

Net Income

Up

-$7,676

Up $3,943 (+34%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0-$50KAssets 2012: $0Liabilities 2012: $18,484Net Assets 2012: -$18,4842012Assets 2013: $63,334Liabilities 2013: $18,484Net Assets 2013: $44,8502013Assets 2014: $93,699Liabilities 2014: $0Net Assets 2014: $93,6992014Assets 2015: $82,080Liabilities 2015: $0Net Assets 2015: $82,0802015Assets 2016: $74,405Liabilities 2016: $0Net Assets 2016: $74,4052016Assets 2017: $83,713Liabilities 2017: $0Net Assets 2017: $83,7132017Assets 2018: $74,723Liabilities 2018: $0Net Assets 2018: $74,7232018Assets 2019: $60,159Liabilities 2019: $0Net Assets 2019: $60,1592019Assets 2020: $82,378Liabilities 2020: $13,387Net Assets 2020: $68,9912020Assets 2021: $77,414Liabilities 2021: $10,266Net Assets 2021: $67,1482021Assets 2022: $97,431Liabilities 2022: $7,144Net Assets 2022: $90,2872022Assets 2023: $123,185Liabilities 2023: $4,326Net Assets 2023: $118,8592023Assets 2024: $92,154Liabilities 2024: $1,020Net Assets 2024: $91,1342024

Highlighted filing

2016

Assets$74,405
Liabilities$0
Net Assets$74,405

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2012: $128,519Expenses 2012: $111,268Net Income 2012: $17,2512012Revenue 2013: $221,877Expenses 2013: $167,074Net Income 2013: $54,8032013Revenue 2014: $235,692Expenses 2014: $205,311Net Income 2014: $30,3812014Revenue 2015: $192,288Expenses 2015: $203,907Net Income 2015: -$11,6192015Revenue 2016: $111,630Expenses 2016: $119,306Net Income 2016: -$7,6762016Revenue 2017: $106,969Expenses 2017: $97,661Net Income 2017: $9,3082017Revenue 2018: $102,069Expenses 2018: $111,059Net Income 2018: -$8,9902018Revenue 2019: $100,325Expenses 2019: $114,889Net Income 2019: -$14,5642019Revenue 2020: $197,255Expenses 2020: $188,423Net Income 2020: $8,8322020Revenue 2021: $190,670Expenses 2021: $192,513Net Income 2021: -$1,8432021Revenue 2022: $229,603Expenses 2022: $206,464Net Income 2022: $23,1392022Revenue 2023: $261,051Expenses 2023: $232,479Net Income 2023: $28,5722023Revenue 2024: $212,323Expenses 2024: $240,048Net Income 2024: -$27,7252024

Highlighted filing

2016

Revenue$111,630
Expenses$119,306
Net Income-$7,676
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 3, 2017
Return Version
2016v3.0
Gross Receipts
$125,145
Mission and Program Overview

Mission

The organization's primary purpose is exclusively public, charitable, and educational. The specific objective of the corporation is the promotion of the common good and general and social welfare of the people and animals of the community through the feeding, care, training, and placement of retired racehorses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$82,080$74,405▼ $7,675
Land, Buildings, and Equipment, Net$51,083$48,551▼ $2,532
Cash and Non-Interest-Bearing Accounts$22,070$16,938▼ $5,132
Prepaid Expenses and Deferred Charges$6,250$6,250→ $0
Accounts Receivable$1,573$1,573→ $0
Savings and Temporary Cash Investments$976$976→ $0
Intangible Assets$128$117▼ $11
Total Assets$82,080$74,405▼ $7,675
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$82,080$74,405▼ $7,675
Total Liabilities and Net Assets / Fund Balance$82,080$74,405▼ $7,675

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$42,041$50,006$92,047
Other Land Buildings$5,492$33,458$38,950
Equipment$1,018$5,652$6,670
Compensation and Service Providers

Board Members and Trustees

NameTitle
Donna KeenPresident
Carrie BarthenDirector
Dallas KeenDirector
Rebecca DaggDirector
Bradley EpsteinTreasurer
Vicki MorganVP / Secreta
Revenue and Support

Revenue Composition

Contributions and Grants
$102,043
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$9,587
All Other Contributions
$102,043
Change in Net Assets
$-7,676
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$119,306
Total Fundraising Expense$48
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$4,610--$4,610
All Other Expenses$4,381--$4,381
Depreciation Depletion$2,543--$2,543
Fees for Services Other-$2,481$48$2,529
Travel-$482-$482
Office Expenses-$407-$407
Advertising-$74-$74
Occupancy-$55-$55
Insurance-$42-$42
Total Functional Expenses$115,717$3,541$48$119,306
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,102
Fundraising Direct Expenses$13,515
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala/battle of$23,102$23,102$13,515$9,587
Total Events$23,102$23,102$13,515$9,587
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Donna keen dallas keen president director married

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Racehorse Remember Me Rescue Founda
EIN
26-3974010
Phone
8176891214
Address
4100 CONVEYOR DRIVE, BURLESON, TX 76028
Doing Business As
Remember Me Rescue

Signing Officer

Name
Bradley Epstein
Title
Treasurer
Phone
9727719411
Signed
2017-08-03

Organization Details

Principal Officer
Donna Keen
Formed
2008
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Epstein & Company Pc
Address
2600 RIDGE RD, ROCKWALL, TX 75087-5511
Preparer
Bradley M Epstein
Phone
9727719411
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization's primary purpose is exclusively public, charitable, and educational. The specific objective of the corporation is the promotion of the common good and general and social welfare of the people and animals of the community through the feeding, care, training, and placement of retired racehorses.

Form 990, Page 2, Part III, Line 4D

In years 2009 through 2012, the organization rescued and found new homes for dozens of retired racehorses per year. These horses likely would have been sent to slaughter. Through the efforts of the organization, new homes were found for these horses. Note only does the organization rescue and find new homes for these horses, it re-trains these horses for life after racing. The primary expenses of the organization include boarding fees, feed, water, horseshoeing and veterinary care for these horses.

Form 990, Part XI, Line 9

ROUNDING 1

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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt050006
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt092047
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05492
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt033458
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt038950
IRS990ScheduleD/TotalBookValueLandBuildingsAmt048551
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013515
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA/BATTLE OF
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt023102
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt023102
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt023102
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt023102
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt09587
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt013515
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt013515
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0BRADLEY EPSTEIN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1DONNA KEEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine2Txt0EPSTEIN & COMPANY PC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine2Txt1KEEN FARMS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PREPARED TAX RETURN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1PROVIDED HORSE BOARD
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0BRADLEY EPSTEIN SERVES AS AN OFFICER OF THIS ORGANIZATION. HIS CPA FIRM, EPSTEIN & COMPANY PC PREPARED THE ORGANIZATIONS FORM 990 FOR A FEE OF 1,650. THIS AMOUNT IS AT OR BELOW MARKET COSTS. DONNA KEEN SERVES AS AN OFFICER OF THIS ORGANIZATION. HER COMPANY, KEEN FARMS INC PROVIDED BOARDING, TRAINING, FEED, LABOR, PLACEMENT, ADMINISTRATIVE SERVICES AND GENERAL CARE OF THE HORSES IN THIS ORGANIZATION. TOTAL FEES PAID IN 2015 TO KEEN FARMS INC FOR THESE SERVICES WERE 117,218. THIS AMOUNT IS AT OR BELOW MARKET COSTS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S PRIMARY PURPOSE IS EXCLUSIVELY PUBLIC, CHARITABLE, AND EDUCATIONAL. THE SPECIFIC OBJECTIVE OF THE CORPORATION IS THE PROMOTION OF THE COMMON GOOD AND GENERAL AND SOCIAL WELFARE OF THE PEOPLE AND ANIMALS OF THE COMMUNITY THROUGH THE FEEDING, CARE, TRAINING, AND PLACEMENT OF RETIRED RACEHORSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN YEARS 2009 THROUGH 2012, THE ORGANIZATION RESCUED AND FOUND NEW HOMES FOR DOZENS OF RETIRED RACEHORSES PER YEAR. THESE HORSES LIKELY WOULD HAVE BEEN SENT TO SLAUGHTER. THROUGH THE EFFORTS OF THE ORGANIZATION, NEW HOMES WERE FOUND FOR THESE HORSES. NOTE ONLY DOES THE ORGANIZATION RESCUE AND FIND NEW HOMES FOR THESE HORSES, IT RE-TRAINS THESE HORSES FOR LIFE AFTER RACING. THE PRIMARY EXPENSES OF THE ORGANIZATION INCLUDE BOARDING FEES, FEED, WATER, HORSESHOEING AND VETERINARY CARE FOR THESE HORSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DONNA KEEN DALLAS KEEN PRESIDENT DIRECTOR MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt082080
IRS990/TotalAssetsEOYAmt074405
IRS990/TotalAssetsGrp/BOYAmt082080
IRS990/TotalAssetsGrp/EOYAmt074405
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0102043
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt048
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03541
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0115717
IRS990/TotalFunctionalExpensesGrp/TotalAmt0119306
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt082080
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt074405
IRS990/TotalOtherProgSrvcExpenseAmt0115717
IRS990/TotalProgramServiceExpensesAmt0115717
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0111630
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt082080
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt074405
IRS990/TravelGrp/ManagementAndGeneralAmt0482
IRS990/TravelGrp/TotalAmt0482
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04100 CONVEYOR DRIVE
IRS990/USAddress/CityNm0BURLESON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076028
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.TEAMKEEN.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRADLEY EPSTEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09727719411
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RACEHORSE REMEMBER ME RESCUE FOUNDA
ReturnHeader/Filer/BusinessNameControlTxt0RACE
ReturnHeader/Filer/EIN0263974010
ReturnHeader/Filer/PhoneNum08176891214
ReturnHeader/Filer/USAddress/AddressLine1Txt04100 CONVEYOR DRIVE
ReturnHeader/Filer/USAddress/CityNm0BURLESON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076028
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02BB43AEE8ECB028342196DB202AC42AC85FDA7E3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01EFC2CED23F079C9EED1B74F8A68CF0526FC1586
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461636430
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EPSTEIN & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02600 RIDGE RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCKWALL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0750875511
ReturnHeader/PreparerPersonGrp/PhoneNum09727719411
ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRADLEY M EPSTEIN
ReturnHeader/ReturnTs02017-08-03T11:26:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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