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Nonprofiteer
← FOXFIELD RACING LLC

Form 990 for tax year 2024

Filed by FOXFIELD RACING LLC.

Totals

Total revenue
$2,251,263
Total expenses
$1,933,122
Contributions and grants received
$895,985
Grants paid
$122,807
Program service revenue
$1,238,565
Investment income
$76,548
Other revenue
$40,165
Total assets, end of year
$2,142,574
Total liabilities, end of year
$167,810
Net assets or fund balances, end of year
$1,974,764
Program services expenses (Part IX)
$1,730,762
Management and general expenses
$79,711
Fundraising expenses
$122,649
Program service expenses (Part III)
$1,730,762

Program services were 89.5% 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.

  • 1f · All other contributions, gifts and grants

    $895,985

  • 2a · Program service revenue: TICKET AND TENT SALES

    total $1,077,320 · related or exempt $1,077,320

  • 2b · Program service revenue: SPONSORSHIPS

    total $138,500 · related or exempt $129,992 · excluded $8,508

  • 2c · Program service revenue: PROGRAMS & ADVERTISING

    total $13,400 · related or exempt $13,400

  • 2d · Program service revenue: VENDOR INCOME

    total $9,345 · related or exempt $9,345

  • 3 · Investment income

    total $61,275 · excluded $61,275

  • 6a · Gross rents

    real property $7,592

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $7,592

  • 6d · Net rental income or loss

    total $7,592 · excluded $7,592

  • 7a · Gross sales of assets other than inventory

    securities $3,397,912

  • 7b · Less cost or other basis and sales expenses

    securities $3,382,639

  • 7c · Gain or loss

    securities $15,273

  • 7d · Net gain or loss

    total $15,273 · excluded $15,273

  • 10a · Gross sales of inventory

    $52,807

  • 10b · Cost of goods sold

    $20,234

  • 10c · Net income from sales of inventory

    total $32,573 · related or exempt $32,573

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $122,807 · program services $122,807

  • 5 · Compensation of officers, directors and key employees

    total $75,659 · program services $52,961 · management and general $11,349 · fundraising $11,349

  • 7 · Other salaries and wages

    total $148,746 · program services $133,871 · fundraising $14,875

  • 9 · Other employee benefits

    total $23,021 · program services $18,417 · management and general $2,302 · fundraising $2,302

  • 10 · Payroll taxes

    total $18,392 · program services $14,714 · management and general $1,839 · fundraising $1,839

  • 11b · Fees: legal

    total $6,380 · management and general $6,380

  • 11c · Fees: accounting

    total $25,225 · management and general $25,225

  • 12 · Advertising and promotion

    total $118,974 · program services $101,128 · fundraising $17,846

  • 13 · Office expenses

    total $11,082 · program services $7,758 · management and general $1,662 · fundraising $1,662

  • 14 · Information technology

    total $8,339 · program services $5,837 · management and general $1,251 · fundraising $1,251

  • 16 · Occupancy

    total $57,226 · program services $40,058 · management and general $8,584 · fundraising $8,584

  • 22 · Depreciation, depletion and amortization

    total $38,442 · program services $38,442

  • 23 · Insurance

    total $34,539 · program services $24,177 · management and general $5,181 · fundraising $5,181

  • 24a · Other expenses: RACE COSTS

    total $530,728 · program services $488,906 · fundraising $41,822

  • 24b · Other expenses: PRIZE MONEY

    total $496,707 · program services $496,707

  • 24c · Other expenses: GROUNDS MAINTENANCE AND

    total $70,661 · program services $70,661

  • 24d · Other expenses: TICKETING COSTS

    total $65,327 · program services $65,327

  • 24e · All other expenses

    total $80,867 · program services $48,991 · management and general $15,938 · fundraising $15,938

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $225,224 · end of year $143,711

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $298,200

  • 4 · Accounts receivable

    beginning of year $0 · end of year $2,550

  • 10a · Land, buildings and equipment: cost or other basis

    $426,956

  • 10b · Land, buildings and equipment: accumulated depreciation

    $85,394

  • 10c · Land, buildings and equipment, net

    beginning of year $181,066 · end of year $341,562

  • 11 · Investments: publicly traded securities

    beginning of year $1,055,058 · end of year $1,349,395

  • 15 · Other assets

    beginning of year $0 · end of year $7,156

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $4,060

  • 19 · Deferred revenue

    beginning of year $0 · end of year $163,750

  • 27 · Net assets without donor restrictions

    beginning of year $1,461,348 · end of year $1,676,564

  • 28 · Net assets with donor restrictions

    end of year $298,200

Mission and programs · 2024

Mission

TO PROMOTE THE PRESERVATION OF OPEN SPACE IN ALBEMARLE COUNTY, TO ELEVATE RECOGNITION OF VIRGINIA STEEPLECHASE RACING BY HOSTING INDUSTRY-LEADING EVENTS, AND TO DEVELOP HIGH LEVELS OF COMMUNITY ENGAGEMENT WHICH FACILITATE BOTH PHILANTHROPIC SUPPORT OF LOCAL CHARITIES AND GREATER APPRECIATION FOR EQUESTRIAN SPORT.

Activities or mission (Part I)

FOSTER CONSERVATION OF OPEN SPACE USING STEEPLECHASE RACING TO SUPPORT LOCAL PHILANTHROPY

  • ESTABLISH AND SUPPORT A LONG-TERM PHILANTHROPIC PARTNERSHIP: GARTH ROAD PRESERVATION SUPPORTED CAMP HOLIDAY TRAILS WITH A $61,801 CASH DONATION AND HABITAT FOR HUMANITY WITH A $60,906 CASH DONATION AND HELPED SPREAD THE MISSIONS OF BOTH TO THE FOXFIELD COMMUNITY.

    Expenses $186,807 · Grants $122,807

  • RUN THE SPRING AND FALL FOXFIELD RACES IN LINE WITH THE STEEPLECHASE TRADITION IN ALBEMARLE COUNTY. THE SUCCESSFUL RACES ARE REQUIRED WITHIN THE AGREEMENT TO MAINTAIN THE OPEN SPACE AND SUPPORT THE PHILANTHROPIC AIMS OF THE ORGANIZATION.

    Expenses $1,445,294 · Revenue $1,262,630

  • IMPROVE, MAINTAIN AND CONSERVE THE FOXFIELD PROPERTY AND ITS OPEN SPACE. PER THE PROPERTY MASTER PLAN NEW STABLES WERE CONSTRUCTED TO ENHANCE THE SAFETY OF RACE DAY.THREE COMMUNITY EVENTS WERE HELD ON THE FOXFIELD PROPERTY. THE MOST SIGNIFICANT FINANCIALLY WAS JACKFEST, HELD IN OCTOBER 2024. THE ORGANIZERS OF JACKFEST CONTRIBUTED OVER $30,000 TO THE RONALD MCDONALD HOUSE, THE PEDIATRIC HEMATOLOGY/ONCOLOGY UNIT AT UVA AND HOPE'S LEGACY. IN ADDITION, TWO FOOTRACES WERE HELD ON THE PROPERTY AND BOTH MADE CHARITABLE CONTRIBUTIONS TO CANCER CARE IN CHARLOTTESVILLE

    Expenses $98,661

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John G MacFarlane III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Landon Hilliard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Harry Burn

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Kelsey Cox

    EXECUTIVE DIRECTOR

    Total calculated
    $75,659
    From this org
    $75,659
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FOXFIELD RACING LLC

    HOST STEEPLECHASE RACE · VA · income $2,310,996 · assets $2,142,574

    Directly controlled by GARTH ROAD PRESERVATION

Provenance

Return type
form_990
Tax year
2024
Filed
12 August 2025
IRS schema version
2024v5.2
Source object
202512269349300836

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