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← VIRGINIA EQUINE ALLIANCE

Form 990 for tax year 2024

Filed by VIRGINIA EQUINE ALLIANCE.

Totals

Total revenue
$33,357,604
Total expenses
$30,147,649
Contributions and grants received
$3,382,100
Grants paid
$707,705
Program service revenue
$0
Investment income
$1,042,960
Other revenue
$28,932,544
Total assets, end of year
$33,705,769
Total liabilities, end of year
$5,698,223
Net assets or fund balances, end of year
$28,007,546
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1e · Government grants (contributions)

    $3,382,100

  • 3 · Investment income

    total $1,042,960 · excluded $1,042,960

  • 5 · Royalties

    total $28,885,600 · excluded $28,885,600

  • 6a · Gross rents

    real property $9,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $9,000

  • 6d · Net rental income or loss

    total $9,000 · related or exempt $9,000

  • 11a · Other revenue: MISCELLANEOUS

    total $37,944 · related or exempt $37,944

  • 11e · Other revenue, total

    $37,944

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $707,705

  • 5 · Compensation of officers, directors and key employees

    total $179,350

  • 7 · Other salaries and wages

    total $386,768

  • 9 · Other employee benefits

    total $118,465

  • 10 · Payroll taxes

    total $52,291

  • 11a · Fees: management

    total $165,360

  • 11b · Fees: legal

    total $302,852

  • 11c · Fees: accounting

    total $25,000

  • 11f · Fees: investment management

    total $300

  • 12 · Advertising and promotion

    total $761,245

  • 13 · Office expenses

    total $22,295

  • 14 · Information technology

    total $3,167

  • 16 · Occupancy

    total $19,626

  • 17 · Travel

    total $42,018

  • 22 · Depreciation, depletion and amortization

    total $166,137

  • 23 · Insurance

    total $49,698

  • 24a · Other expenses: RACE DAY EXPENSES

    total $26,747,942

  • 24b · Other expenses: STATUTORY DISTRIBUTIONS

    total $190,706

  • 24c · Other expenses: RACETRACK REPAIRS

    total $185,784

  • 24d · Other expenses: TAXES

    total $11,426

  • 24e · All other expenses

    total $9,514

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,983,785 · end of year $11,458,787

  • 4 · Accounts receivable

    beginning of year $4,126,750 · end of year $3,228,400

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,342 · end of year $63,769

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

    $1,954,865

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

    $662,238

  • 10c · Land, buildings and equipment, net

    beginning of year $1,419,401 · end of year $1,292,627

  • 11 · Investments: publicly traded securities

    beginning of year $15,609,646 · end of year $16,325,200

  • 15 · Other assets

    beginning of year $618,308 · end of year $1,336,986

  • 17 · Accounts payable and accrued expenses

    beginning of year $271,030 · end of year $362,591

  • 21 · Escrow or custodial account liability

    beginning of year $21,180 · end of year $781,844

  • 25 · Other liabilities

    beginning of year $673,338 · end of year $4,553,788

  • 27 · Net assets without donor restrictions

    beginning of year $24,825,684 · end of year $28,007,546

Mission and programs · 2024

Mission

THE PURPOSE OF THE VIRGINIA EQUINE ALLIANCE IS TO SUSTAIN, PROMOTE, AND EXPAND THE HORSE BREEDING AND HORSE RACING INDUSTRIES IN THE COMMONWEALTH OF VIRGINIA. THE ALLIANCE SEEKS TO ESTABLISH AND SUPPORT NEW AND MULTIPLE VENUES FOR HORSE RACING IN THE COMMONWEALTH AND TO ADVOCATE AND SUPPORT LEGISLATION, REGULATIONS, AND RULES BENEFICIAL TO THE BREEDERS AND OWNERS AND TRAINERS OF HORSES ("HORSEMEN") IN THE STATE. THE ALLIANCE REPRESENTS THE INTERESTS OF HORSEMEN AT MEETINGS OF THE VIRGINIA GENERAL ASSEMBLY, THE VIRGINIA DEPARTMENT OF AGRICULTURE, THE VIRGINIA RACING COMMISSION, RACING ASSOCIATIONS, BREEDER'S ORGANIZATIONS, HORSEMEN'S ORGANIZATIONS, AND OTHER LIKE GROUPS. THE ALLIANCE IS COMMITTED TO INCREASING PUBLIC AWARENESS OF THE ECONOMIC AND ENVIRONMENTAL IMPORTANCE TO THE COMMONWEALTH OF THE HORSE BREEDING AND HORSE RACING INDUSTRIES.

Activities or mission (Part I)

THE PURPOSE OF THE VIRGINIA EQUINE ALLIANCE IS TO SUSTAIN, PROMOTE, AND EXPAND THE HORSE BREEDING AND HORSE RACING INDUSTRIES IN THE COMMONWEALTH OF VIRGINIA.

  • THE VIRGINIA EQUINE ALLIANCE ADVANCES THE COMMON BUSINESS INTEREST OF ITS MEMBERS, INCLUDING SUSTAINING, PROMOTING, AND EXPANDING THE HORSE BREEDING AND RACING INDUSTRY IN THE COMMONWEALTH OF VIRGINIA.

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

Listed in Part VII

  • Dr William H Allison

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Dr Scott Woogen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • David Ross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Amy Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Deborah Easter

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • John B Hannum III

    EXECUTIVE DIRECTOR AND SEC

    Total calculated
    $179,350
    From this org
    $150,500
    From related orgs
    $0
    Other
    $28,850
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,500
    Bonus
    $0
    Other
    $0
    Deferred
    $28,850
    Nontaxable benefits
    $0
    Filer's total
    $179,350

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
17 June 2025
IRS schema version
2024v5.1
Source object
202511719349300821

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