Form 990 for tax year 2023
Filed by VIRGINIA THOROUGHBRED ASSOCIATION.
Totals
- Total revenue
- $485,794
- Total expenses
- $522,151
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $410,302
- Investment income
- $16,398
- Other revenue
- $59,094
- Total assets, end of year
- $4,488,935
- Total liabilities, end of year
- $4,209,247
- Net assets or fund balances, end of year
- $279,688
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: BREEDERS FUND & VRC
total $190,000 · excluded $190,000
-
2b · Program service revenue: MEMBERSHIP DUES & ASSESSMENTS
total $86,700 · excluded $86,700
-
2c · Program service revenue: THOROUGHBRED REGISTRATION
total $80,750 · excluded $80,750
-
2d · Program service revenue: PARI-MUTUAL WAGERING SHR
total $47,527 · excluded $47,527
-
2e · Program service revenue: BREEDERS REGISTRATIONS
total $5,325 · excluded $5,325
-
3 · Investment income
total $16,398 · excluded $16,398
-
8a · Fundraising events: gross income
$827,322
-
8b · Fundraising events: direct expenses
$786,234
-
8c · Net income from fundraising events
total $41,088
-
11a · Other revenue: MISCELLANEOUS
total $18,006 · related or exempt $18,006
-
11e · Other revenue, total
$18,006
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $217,208
-
11c · Fees: accounting
total $6,750
-
11d · Fees: lobbying
total $19,789
-
11g · Fees: other
total $1,205
-
12 · Advertising and promotion
total $87,428
-
13 · Office expenses
total $2,329
-
14 · Information technology
total $7,380
-
17 · Travel
total $3,287
-
19 · Conferences, conventions and meetings
total $1,931
-
23 · Insurance
total $5,358
-
24a · Other expenses: EVENTS
total $61,239
-
24b · Other expenses: INDUSTRY EVENTS
total $60,967
-
24c · Other expenses: MEMBERSHIP/COMMUNICATION
total $17,874
-
24d · Other expenses: BREEDERS AND REGISTRATION
total $14,405
-
24e · All other expenses
total $15,001
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $573,361 · end of year $3,847,884
-
4 · Accounts receivable
end of year $641,051
-
9 · Prepaid expenses and deferred charges
beginning of year $325,509
-
10a · Land, buildings and equipment: cost or other basis
$18,159
-
10b · Land, buildings and equipment: accumulated depreciation
$18,159
-
17 · Accounts payable and accrued expenses
beginning of year $6,525 · end of year $20,257
-
19 · Deferred revenue
beginning of year $26,300 · end of year $59,096
-
25 · Other liabilities
beginning of year $550,000 · end of year $4,129,894
-
27 · Net assets without donor restrictions
beginning of year $316,045 · end of year $279,688
Mission and programs · 2023
Mission
TO PROMOTE THE THOROUGHBRED HORSE INDUSTRY IN VIRGINIA AND ACT AS ADVOCATE FOR INDUSTRY AND COMMONWEALTH AGRI-BUSINESS AND THOROUGHBRED HORSE INDUSTRY.
-
VTA ADMINISTERS THE VIRGINIA BREEDERS FUND VIA A CONTRACT WITH THE VIRGINIA RACING COMMISSION. PURSUANT TO THE CONTRACT, MEMBERSHIP IN VTA IS NOT REQUIRED TO PARTICIPATE IN THE BREEDERS FUND. THE BREEDERS FUND PROMOTES THE INTEREST OF THOROUGHBRED BREEDERS AND OWNERS THROUGH ANNUAL AWARDS AND PROMOTIONS.
-
VTA CONDUCTS ANNUAL MEETINGS, SEMINARS, AND AWARD LUNCHEONS THAT RECOGNIZE ACHIEVEMENTS OF ITS MEMBERS AND THOROUGHBRED HORSES AND THEIR BREEDERS AND OWNERS. SEMINARS ARE HELD TO KEEP MEMBERS ABREAST OF DEVELOPMENT IN BREEDING AND THOROUGHBRED HORSE CARE AND KEEP MEMBERS INFORMED OF RECENT DEVELOPMENTS WITHIN THE HORSE INDUSTRY.
-
VTA PUBLISHED ONLINE BLOGS AND INFORMATION VIA ITS WEBSITE DESIGNED TO EDUCATE AND INFORM MEMBERS OF SIGNIFICANT MATTERS AFFECTING THE THOROUGHBRED HORSE INDUSTRY IN VIRGINIA. ARTICLES AND INFORMATION ARE DESIGNED TO RAISE PROFESSIONALISM AMONG VTA MEMBERS AND RECOGNIZE AND ENCOURAGE DEVELOPMENT IN THOROUGHBRED HORSE INDUSTRY AND BREEDING.
As filed on the 2023 return.
Listed in Part VII
-
AMY MOORE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
TURNER KOBAYASHI
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
SARA MILLER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
SUSAN COONEY
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
CHRISTINE APPLEGATE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
WAYNE CHATFIELD-TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DONNA DENNEHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
CHRIS GRACIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ALAN HUTCHISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
LARRY JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
CHRIS KUHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DIANE MANNING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DIANA MCCLURE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ANDREW MOTION
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
SARAH NAGLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
PAT SHEPHERD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
LAURA SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
WAYNE VANSANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
VA EQUINE POLITICAL ACTION COMM
527 · PAC · VA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443209349306159
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