Meadowbrook Foundation Inc
Nonprofit profile at a glance
- EIN
- 300020043
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Chevy Chase, MD, USA
- Phone
- 3015899026
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Equestrian
Reported finances
- Revenue
- $2,780,866
- Expenses
- $2,455,652
- Assets
- $1,474,850
- Liabilities
- $1,002,416
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- JESSICA LEONARDI (EXECUTIVE DIRECTOR)
Highest reported compensation
- DIANE ROGERS (ASSISTANT DIR. AND HEAD TRAINER): $130,122 total reported compensation
- JESSICA LEONARDI (EXECUTIVE DIRECTOR): $112,287 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Education of the public about horses through programs designed to foster the development of equestrian skills, as well as the principles of kindness, responsibility, and care for all animals. Programs for youth-at-risk who might not otherwise have the opportunity to interact with horses in a safe, positive and educational environment. Programs for horse welfare providing medical care and therapeutic treatments designed to keep them comfortable and mentally stimulated, allowing them to function in a healthy and productive way. Historic preservation of meadowbrook stables, with special attention to the restoration of the barn and buildings, the stewardship of the grounds and the continuing care to ensure the seventy year tradition of horsemanship.
What it reported doing in 2024
Our program is focused on educating the public about horses through programs designed to foster the development of equestrian skills, as well as the principles of kindness, responsibility, and care for all animals. While also providing exemplary medical care for the horses used in the program. These therapeutic treatments are designed to keep them physically comfortable and mentally stimulated, allowing them to function in a healthy and productive way.
Operating model
- Revenue model
- Other-operating. 94% of the money available for current operations came from other operating revenue.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 voting board members are independent and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 92
- Accountability: 63
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68%; rating input score 68
- Program expense ratio: 76.9%; rating input score 77
- Fundraising efficiency: $6.93 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings
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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 54.5%; rating input score 55; 8th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: Pass
Sustainability
- Operating margin: 11.7%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 0.6; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.68; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 9.9%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 5.6% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 21st percentile among comparable filings
- Asset growth: 6.5% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 68% of revenue deployed · 76.9% of spending went to programs
- Governance: 6 of 11 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.9M in reported program spending
- Leadership: top reported pay $130K · 13 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Independent voting board scored 55/100.
- High — Financial Efficiency: Fundraising efficiency scored 26/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.