CharityWatch reduces the grade of any charity that has available assets equal to three to five years of operating expenses. Charities with "years of available assets" of more than five years receive an "F" grade regardless of other measurements. In CharityWatch's view, a reserve of less than three years is reasonable and does not affect a charity's grade. These reductions in grades are based solely on the charities' asset reserves as compared to budget. The CharityWatch definition of "years of available assets" includes funds currently available for the charity's use, including investments that the charity has set aside as a reserve but could choose to spend if it wanted to do so. Front Range Equine Rescue's letter grade rating has been downgraded because it has 3 or more years of available assets.
See Our Process to learn more about how CharityWatch considers a charity’s asset reserves and the High Asset List for a list of charities whose ratings have been reduced due to high assets.
Front Range Equine Rescue's rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.
| Program % | Cost to Raise $100 |
|---|---|
| 86% | $4 |
| Entity | Document Type | Tax ID |
|---|---|---|
| Front Range Equine Rescue | Audited Financial Statements | 84-1418525 |
| Front Range Equine Rescue | IRS Form 990 | 84-1418525 |
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Entity: Front Range Equine Rescue Document Type: Audited Financial Statements Tax ID: 84-1418525 |
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Entity: Front Range Equine Rescue Document Type: IRS Form 990 Tax ID: 84-1418525 |
CharityWatch is unable to provide a range of Top Three Salaries for this charity for the above fiscal reporting year because we lack complete salary data for the organization. Except for officers, directors, and trustees, the IRS does not require breakouts of salaries totaling less than $100,000.
For example, XYZ charity would be required to provide a breakout in its tax form of compensation to its president of $55,000, but would not be required to provide a breakout of $99,000 in compensation to its top medical researcher if that person is not also an officer, director, or trustee of the organization.
This charity reports that compensation to its officers, directors, and trustees is under $100,000 per individual. Donors who would like to view limited salary data for this organization should refer to its tax form, which may be available on the charity's web site or from a number of third-party sources. See CharityWatch's Links page for information on obtaining copies of charity tax forms.
According to the Front Range Equine Rescue audit of December 31, 2023 (Note 5, Related-Party Transactions): "The President and the Executive Director of the Organization serve on the Board of Directors of an affiliated organization that received contributions from Front Range Equine Rescue. The Organization recorded $100,000 and $115,000 for the years ended December 31, 2023 and 2022, respectively, to grant expense related to grants made to this affiliated organization." According to the Front Range Equine Rescue 2023 tax filing, its "affiliated organization" is Dancer's Legacy Foundation (tax ID #46-1953355), a 501(c)(3) public charity. The amount of the contribution to Dancer's Legacy Foundation is reported as $100,000 in the Front Range Equine Rescue 2023 tax filing (IRS Form 990, Schedule I, Part II & Schedule R, Part V). The $100,000 contribution to Dancer's Legacy Foundation represents approximately 22% of Front Range Equine Rescue's program spending in 2023 (after adjusting for joint costs). |
According to the Front Range Equine Rescue audit of December 31, 2023 (Note 6, Significant Estimates and Concentrations, Contributions): "Approximately 50% and 65% of contributions were received from one donor in 2023 and 2022, respectively." |
According to the Front Range Equine Rescue (FRER) tax filing for the fiscal year ended December 31, 2023, FRER reports re: Supplemental Information for Form 990 or 990-EZ (IRS Form 990, Schedule O): Regarding Form 990, Part VI, Section A, Line 2: "Hilary Wood and Marion Nagle - Business Relationship" Hilary Wood is reported as "President," and Marion Nagle is reported "Executive Director." Dreamchaser PMU reports having five voting members on its governing body at the end of 2023, with all five reported as being independent (IRS Form 990, Part VII, Section A & Part VI, Section A, lines 1a & 1b). |