Cecil County Breeders Fair Inc

Nonprofit profile at a glance

EIN
516018180
IRS 990 coverage
2009–2023
Forms available
Form 990 2023
Location
Elkton, MD, USA
Phone
4433505781
Rating
52
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$112,349
Expenses
$5,020
Assets
$425,245
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • CHARLES C FENWICK JR (PRESIDENT)
  • TIMOTHY J GARDNER (VICE PRESIDENT)

People named in this filing

  • CHARLES C FENWICK JR (PRESIDENT)
  • TIMOTHY J GARDNER (VICE PRESIDENT)
  • NANCY R SIMPERS (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the cecil county breeders fair is to advance protect and improve the tradition of steeplechase racing, founded by william dupont and conducted at fair hill, md & support the state of md in the protection, enhancement, and preservation of the fair hill state park.

What it reported doing in 2023

Cecil county breeders fair inc serves for the purpose of supporting the department of natural resources in maintaining fair hill state park through fundraising activity consisting of the running of the fair hill races. Racing events were postponed during 2020, 2021, 2022, & 2023 due to covid and racetrack refurbishment. Grant funds are currently held for future racing events.

Operating model

Revenue model
Grant-funded. 89% of the money available for current operations came from government grants.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 93
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 95.5%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 84.71; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -5.7% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: 5.7% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: 8.2% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 12 of 12 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 13 filing years from 2009 to 2023
  • Contacts: How to reach this organization
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.