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Nonprofiteer
← COWETA FALLS STEEPLECHASE INC

Form 990 for tax year 2024

Filed by COWETA FALLS STEEPLECHASE INC.

Totals

Total revenue
$207,784
Total expenses
$598,707
Contributions and grants received
$55,300
Grants paid
$102,000
Program service revenue
$0
Investment income
$1,307
Other revenue
$151,177
Total assets, end of year
$800,153
Total liabilities, end of year
$351,052
Net assets or fund balances, end of year
$449,101
Program services expenses (Part IX)
$102,000
Management and general expenses
$413,851
Fundraising expenses
$82,856
Program service expenses (Part III)
$102,000

Program services were 17.0% 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.

  • 1f · All other contributions, gifts and grants

    $55,300

  • 3 · Investment income

    total $1,307 · excluded $1,307

  • 8a · Fundraising events: gross income

    $728,515

  • 8b · Fundraising events: direct expenses

    $577,338

  • 8c · Net income from fundraising events

    total $151,177 · excluded $151,177

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $102,000 · program services $102,000

  • 11g · Fees: other

    total $9,756 · management and general $9,756

  • 12 · Advertising and promotion

    total $82,856 · fundraising $82,856

  • 13 · Office expenses

    total $8,751 · management and general $8,751

  • 22 · Depreciation, depletion and amortization

    total $240,518 · management and general $240,518

  • 24a · Other expenses: Consulting

    total $145,315 · management and general $145,315

  • 24b · Other expenses: Bank fees

    total $7,783 · management and general $7,783

  • 24c · Other expenses: Dues and subscriptions

    total $878 · management and general $878

  • 24d · Other expenses: Licenses

    total $850 · management and general $850

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $222,260 · end of year $47,938

  • 3 · Pledges and grants receivable

    beginning of year $75,000 · end of year $50,000

  • 4 · Accounts receivable

    beginning of year $18,604 · end of year $15,344

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

    $1,270,283

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

    $583,412

  • 10c · Land, buildings and equipment, net

    beginning of year $535,380 · end of year $686,871

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,220 · end of year $1,052

  • 22 · Loans and payables to officers and key people

    end of year $350,000

  • 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 $40,939 · end of year $40,939

  • 31 · Retained earnings, endowment or other funds

    beginning of year $799,085 · end of year $408,162

Mission and programs · 2024

Mission

The Steeplechase at Callaway was established to carry on a non-profit, charitable, civic, social and athletic sporting event to benefit the arts in and around our community by providing patrons with exciting races, as well as other entertainment provided during the day for the enjoyment of both family and friends.

  • Grants to regional tax exempt organizations.

    Expenses $102,000 · Grants $102,000

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

Listed in Part VII

  • Mason Houghland Lampton

    Race Chair Emiertus & Dire

    Total calculated
    $0
    Hours/week
    1

  • Mason Hardaway Lampton

    President & Race Chairman

    Total calculated
    $0
    Hours/week
    1

  • Adam R Pease

    Secretary & Director

    Total calculated
    $0
    Hours/week
    1

  • Jackie Thomason

    Treasurer

    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

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Standard Concrete Products Inc

    S · Manufacturing of prestressed concrete · GA

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2025
IRS schema version
2024v5.1
Source object
202501329349302365

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