MRC Foundation Limited
MRC Foundation Limited is a medium-scale charity established in 2014. Their main activity is registered as community service organisations primarily serving others - retired racehorses.
Our annual Blue Diamond Gala Ball in February saw 400 guests at Caulfield raise a record $161,000 which will be directed into the welfare of retired racehorses. We dedicated our Australia Day weekend racing meets at Caulfield and Mornington to raise funds toward the recovery effort in Victoria for the bushfires, raising $81,000. Due to COVID 19, one of our staff members was made redundant. Another full time staff member resigned and was not replaced.
Total employee expenses: $42,392 (7% of revenue).
Average full-time equivalent salary: $0.
Revenue vs Expenses
MRC Foundation Limited has seen an average annual growth of 34% in revenue versus a 25% p.a. increase in expenses. This can be a good sign of financial health.
Grants given out in 2020 for use within Australia: $462,000
Assets vs Liabilities
As of 2020, MRC Foundation Limited has a debt-to-equity (D/E) ratio of 0.03. This is considered safer than average within the charity space.
Sources of Revenue
Sources of Expense
- Jared Newton
- Brooke Dawson
- Amanda Fish
- Matthew Cain
- Joshua Blanksby
- Patricia Faulkner
- Teresa Poon
- Brittany Carter
- Paul Hodgson
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- Registration Status
- Charity is registered.
- DGR Status
Donations are not tax deductible.
- Office Address
Gate 22 Station Street
- Operating States
- Entity Type
Australian Public Company
A company is a non-individual client type. Company is defined to include a body corporate and any other unincorporated association or body of persons but does not include a partnership or a non-entity joint venture.
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