MRC Foundation is a medium-scale charity established in 2014. Their main activity is registered as community recreation primarily serving females males others - men and women looking to step into the industry and pursue a career in track riding or jockeying.
We helped raise over $220,000 for our 13 charity partners at our annual Foundation Race Day with profits raised going to many worthy causes such as homelessness, kids in care, people fighting cancer among many other worthy causes. The Stable Wellbeing program continued to support vulnerable stable staff at our Caulfield and Mornington training venues through the pandemic. Due to COVID 19, one of our staff members was made redundant. Another full time staff member resigned and was not replaced.
Who They Help
- Unemployed persons
- People with disabilities
- People with chronic illness (including terminal illness)
- People at risk of homelessness/ people experiencing homelessness
- Other charities
- Financially disadvantaged people
Total employee expenses: $100,898 (18% of revenue).
Average full-time equivalent salary: $0.
Revenue vs Expenses
MRC Foundation has seen an average annual growth of 5% in revenue versus a 15% p.a. increase in expenses. This imbalance can sometimes mean a challenge for long-term financial management.
Grants given out in 2020 for use within Australia: $337,268
Assets vs Liabilities
As of 2020, MRC Foundation has a debt-to-equity (D/E) ratio of 0.98. This is considered slightly riskier than average within the charity space.
Sources of Revenue
Sources of Expense
- Ashleigh Barber
- Amanda Fish
- DirectorPossibly also represents: MRC Foundation Limited.
- Jared Newton
- Brooke Dawson
- Matthew Cain
- Teresa Poon
- Paul Hodgson
- DirectorPossibly also represents: Sunraysia Men's Shed Inc. A0056795J.
- Joshua Blanksby
- Patricia Faulkner
- Brittany Carter
MRC Foundation Limited
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- Registration Status
- Charity is registered.
- DGR Status
Donations can be claimed as a tax deduction. (Endorsed DGR - Public Ancillary Fund).
- Office Address
Gate 22, Station Street
- Operating States
- Entity Type
Discretionary Investment Trust
The main source of income of the discretionary trust is from investment activities.
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