Amplify Horse Racing

Nonprofit profile at a glance

EIN
851835865
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2021
Location
Lexington, KY, USA
Phone
7014128748
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$189,356
Expenses
$291,902
Assets
$349,609
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • JORDYN EGAN (PRESIDENT)
  • ANNISE MONTPLAISIR (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ANNISE MONTPLAISIR (EXECUTIVE DIRECTOR): $78,481 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Amplify horse racing amplifies thoroughbred industry education, mentorship, and career opportunities with horse programs for youth and young adults. We create pathways to involvement for newcomers, highlight existing initiatives, and create new resources to lead the thoroughbred industry into the future. Horse racing might be called "the sport of kings," but it's a sport for everyone!

What it reported doing in 2024

Mentorship program - the amplify horse racing mentorship program formalizes the process of pairing youth and young adults interested in pursuing a thoroughbred industry career (mentees) with experienced industry professionals who can offer guidance (mentors). The program is designed to provide a first step for young people to learn more about the thoroughbred horse industry and learn how to get more involved. Pairings are designed to encourage mentees to learn about the thoroughbred horse industry and develop an understanding of its nuances; teach important skills needed to pursue a job or career, and facilitate meaningful conversations between experienced professionals and young people about the realities of employment in the thoroughbred horse industry. The program also offers travel award opportunities to outstanding mentees who complete the entirety of the program, along with a networking event in lexington, Kentucky.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 92
  • Accountability: 74
  • Sustainability: 27
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.3%; rating input score 67
  • Program expense ratio: 42.7%; rating input score 43
  • Fundraising efficiency: $775.62 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -54.2%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 1.2; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 26.9%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 70.1% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: -59.5% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -13.2% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 67.3% of revenue deployed · 42.7% of spending went to programs
  • Governance: 8 of 8 board members independent · 3 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $125K in reported program spending
  • Leadership: top reported pay $78K · 9 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Program expense ratio scored 43/100.
  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.