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Nonprofiteer
← THE MONTPELIER STEEPLECHASE AND EQUESTRIAN FOUNDATION

Form 990 for tax year 2022

Filed by THE MONTPELIER STEEPLECHASE AND EQUESTRIAN FOUNDATION.

Totals

Total revenue
$821,425
Total expenses
$820,645
Contributions and grants received
$312,359
Grants paid
$72,500
Program service revenue
$492,610
Investment income
$22,649
Other revenue
-$6,193
Total assets, end of year
$1,208,220
Total liabilities, end of year
$28,390
Net assets or fund balances, end of year
$1,179,830
Program services expenses (Part IX)
$751,145
Management and general expenses
$51,586
Fundraising expenses
$17,914
Program service expenses (Part III)
$751,145

Program services were 91.5% 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

    $312,359

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

    total $258,159 · related or exempt $258,159

  • 2b · Program service revenue: CORPORATE SPONSORSHIPS

    total $113,410 · related or exempt $113,410

  • 2c · Program service revenue: TENT SALES

    total $98,644 · related or exempt $98,644

  • 2d · Program service revenue: PROGRAMS AND ADVERTISI

    total $16,630 · related or exempt $16,630

  • 2f · All other program service revenue

    total $5,767 · related or exempt $5,767

  • 3 · Investment income

    total $22,882 · excluded $22,882

  • 7a · Gross sales of assets other than inventory

    securities $35,400

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

    securities $35,633

  • 7c · Gain or loss

    securities -$233

  • 7d · Net gain or loss

    total -$233 · excluded -$233

  • 8a · Fundraising events: gross income

    $17,487

  • 8b · Fundraising events: direct expenses

    $23,680

  • 8c · Net income from fundraising events

    total -$6,193 · excluded -$6,193

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $72,500 · program services $72,500

  • 11a · Fees: management

    total $72,233 · program services $25,282 · management and general $36,116 · fundraising $10,835

  • 11c · Fees: accounting

    total $600 · management and general $600

  • 11f · Fees: investment management

    total $2,741 · management and general $2,741

  • 12 · Advertising and promotion

    total $29,814 · program services $29,814

  • 13 · Office expenses

    total $25,658 · program services $9,662 · management and general $9,331 · fundraising $6,665

  • 14 · Information technology

    total $18,757 · program services $18,757

  • 17 · Travel

    total $522 · program services $313 · fundraising $209

  • 19 · Conferences, conventions and meetings

    total $952 · program services $238 · management and general $509 · fundraising $205

  • 23 · Insurance

    total $5,358 · program services $3,069 · management and general $2,289

  • 24a · Other expenses: RACE PURSES

    total $215,000 · program services $215,000

  • 24b · Other expenses: RACING EXPENSES

    total $142,362 · program services $142,362

  • 24c · Other expenses: EQUIPMENT RENT & MAINT.

    total $98,995 · program services $98,995

  • 24d · Other expenses: RACE COURSE MAINTENANCE

    total $86,030 · program services $86,030

  • 24e · All other expenses

    total $49,123 · program services $49,123

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $68,941 · end of year $60,357

  • 2 · Savings and temporary cash investments

    beginning of year $33,847 · end of year $48,841

  • 8 · Inventories for sale or use

    beginning of year $1,050 · end of year $1,050

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,265 · end of year $1,997

  • 11 · Investments: publicly traded securities

    beginning of year $981,494 · end of year $1,095,975

  • 19 · Deferred revenue

    beginning of year $4,800 · end of year $28,390

  • 27 · Net assets without donor restrictions

    beginning of year $1,084,797 · end of year $1,179,830

Mission and programs · 2022

Mission

TO CONTINUE THE HISTORIC EQUESTRIAN TRADITIONS OF MONTPELIER PROPERTY AND OVERSEE THE ANNUAL MONTPELIER HUNT RACES FOR THE BENEFIT AND SUPPORT OF JAMES MADISON'S MONTPELIER AND OTHER PROGRAMS OF EDUCATION AND HISTORIC PRESERVATION.

Activities or mission (Part I)

TO CONTINUE THE EQUESTRIAN TRADITION OF STEEPLECHASE RACING AT JAMES MADISON'S MONTPELIER

  • THE MONTPELIER HUNT RACES ARE INTENDED TO PERPETUATE THE HISTORIC EQUESTRIAN ACTIVITIES AND PROMOTE PUBLIC AWARENESS OF MONTPELIER, THE HOME OF JAMES AND DOLLEY MADISON. THE RACES CELEBRATED THE 87TH RUNNING IN 2022.

    Expenses $751,145 · Grants $72,500 · Revenue $492,610

As filed on the 2022 return.

Listed in Part VII

  • MARTHA H STRAWTHER

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    35

  • DAVID PERDUE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • DAVID E GIBSON

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ELIZABETH CHEW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BROOKE ROYSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REBECCA KRAMER DMV

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARTHUR BRYANT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEXANDER RIVES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES H SEILHEIMER JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MURDOCH MATHESON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2022
Filed
13 March 2024
IRS schema version
2022v5.0
Source object
202411229349302366

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