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Nonprofiteer
← VIRGINIA HARNESS HORSE ASSOCIATION

Form 990 for tax year 2023

Filed by VIRGINIA HARNESS HORSE ASSOCIATION.

Totals

Total revenue
$3,465,440
Total expenses
$1,313,995
Contributions and grants received
$2,225,000
Grants paid
$0
Program service revenue
$1,230,438
Investment income
$10,002
Other revenue
$0
Total assets, end of year
$5,382,164
Total liabilities, end of year
$765,693
Net assets or fund balances, end of year
$4,616,471
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$1,217,331

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

    $2,225,000

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $1,085,437 · related or exempt $1,085,437

  • 2b · Program service revenue: BREEDERS FUND REG. FEE

    total $137,921 · related or exempt $137,921

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $7,080 · related or exempt $7,080

  • 3 · Investment income

    total $10,002 · excluded $10,002

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $59,231

  • 10 · Payroll taxes

    total $4,205

  • 11b · Fees: legal

    total $36,760

  • 11c · Fees: accounting

    total $5,882

  • 11d · Fees: lobbying

    total $35,314

  • 12 · Advertising and promotion

    total $16,630

  • 13 · Office expenses

    total $11,933

  • 17 · Travel

    total $18,346

  • 22 · Depreciation, depletion and amortization

    total $488

  • 23 · Insurance

    total $3,736

  • 24a · Other expenses: BREEDER FUND AWARDS

    total $1,117,401

  • 24b · Other expenses: MISCELLANEOUS

    total $3,431

  • 24c · Other expenses: BIKE REPLACEMENT

    total $638

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,952,562 · end of year $5,319,081

  • 4 · Accounts receivable

    beginning of year $58,734 · end of year $58,665

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

    $14,924

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

    $10,506

  • 10c · Land, buildings and equipment, net

    beginning of year $770 · end of year $4,418

  • 17 · Accounts payable and accrued expenses

    beginning of year $547,041 · end of year $765,693

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,465,025 · end of year $4,616,471

Mission and programs · 2023

Mission

THE ASSOCIATION PROMOTES THE HARNESS RACING INDUSTRY IN VIRGINIA BY PROMOTING HARNESS RACING IN VIRGINIA, AND BY PROMOTING THE BREEDING OF VIRGINIA-BRED STANDARDBREDS.

Activities or mission (Part I)

THE ASSOCIATION PROMOTES THE HARNESS RACING INDUSTRY ON VIRGINIA BY PROMOTING HARNESS RACING IN VIRGINIA, AND BY PROMOTING THE BREEDING OF VIRGINIA-BRED STANDARDBREDS.

  • THE ASSOCIATION ADMINISTERS THE VIRGINIA BREEDERS FUND FOR STANDARDBRED HORSES. IT DISBURSES THE AWARDS AND INCENTIVES TO BREEDERS OF VIRGINIA BRED STANDARDBREDS. THE VIRGINIA RACING COMMISSION, A STATE AGENCY, USES THE BREEDERS FUND TO ENCOURAGE AND PROMOTE THE BREEDING OF STANDARDBRED HORSES IN VIRGINIA. BREEDERS MAY PARTICIPATE IN THE BREEDERS FUND WITHOUT BEING A MEMBER OF THE ASSOCIATION.

    Expenses $1,217,331 · Grants $1,230,438

  • THE ASSOCIATION PROMOTES THE HARNESS RACING INDUSTRY IN VIRGINIA BY INFORMING THE PUBLIC OF THE RACES HELD IN THE STATE. IT WORKS WITH OWNERS, TRAINERS, DRIVERS AND GROOMS OF STANDARDBRED RACE HORSES AND HORSE RACING TRACKS TO PROMOTE THE HARNESS RACING INDUSTRY IN VIRGINIA. THE ASSOCIATION WORKS TO SOLVE ISSUES AFFECTING THE RACE TRACKS, STABLES, PURSES, ETC. THE ASSOCIATION MONITORS, SUPPORTS AND OPPOSES LEGISLATION AFFECTING THE VIRGINIA HARNESS RACING AND STANDARDBRED INDUSTRY BEFORE THE VIRGINIA GENERAL ASSEMBLY.

As filed on the 2023 return.

Listed in Part VII

  • Scott D Woogen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Charles Robbins

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Billy Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Leon Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Stacey McLengaghan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tyler Sheehan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Betsy Brown

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Anne McDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jan Nofsinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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.

Provenance

Return type
form_990
Tax year
2023
Filed
9 September 2024
IRS schema version
2023v5.1
Source object
202442539349300984

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