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Nonprofiteer
← THE MONTPELIER STEEPLECHASE AND EQUESTRIAN FOUNDATION

Form 990 for tax year 2024

Filed by THE MONTPELIER STEEPLECHASE AND EQUESTRIAN FOUNDATION.

Totals

Total revenue
$961,388
Total expenses
$1,000,311
Contributions and grants received
$448,328
Grants paid
$72,250
Program service revenue
$469,966
Investment income
$40,416
Other revenue
$2,678
Total assets, end of year
$1,572,573
Total liabilities, end of year
$143,271
Net assets or fund balances, end of year
$1,429,302
Program services expenses (Part IX)
$906,336
Management and general expenses
$78,906
Fundraising expenses
$15,069
Program service expenses (Part III)
$906,336

Program services were 90.6% 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

    $448,328

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

    total $257,906 · related or exempt $257,906

  • 2b · Program service revenue: CORPORATE SPONSORSHIPS

    total $99,320 · related or exempt $99,320

  • 2c · Program service revenue: TENT SALES

    total $88,589 · related or exempt $88,589

  • 2d · Program service revenue: PROGRAMS AND ADVERTISI

    total $15,367 · related or exempt $15,367

  • 2e · Program service revenue: OTHER PROGRAM REVENUE

    total $8,784 · related or exempt $8,784

  • 3 · Investment income

    total $31,730 · excluded $31,730

  • 7a · Gross sales of assets other than inventory

    securities $13,650

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

    securities $4,964

  • 7c · Gain or loss

    securities $8,686

  • 7d · Net gain or loss

    total $8,686 · excluded $8,686

  • 8a · Fundraising events: gross income

    $23,301

  • 8b · Fundraising events: direct expenses

    $20,623

  • 8c · Net income from fundraising events

    total $2,678 · excluded $2,678

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $72,250 · program services $72,250

  • 11a · Fees: management

    total $52,424 · program services $17,106 · management and general $26,212 · fundraising $9,106

  • 11b · Fees: legal

    total $1,375 · management and general $1,375

  • 11c · Fees: accounting

    total $5,864 · management and general $5,864

  • 11f · Fees: investment management

    total $1,926 · management and general $1,926

  • 12 · Advertising and promotion

    total $33,166 · program services $33,166

  • 13 · Office expenses

    total $60,335 · program services $15,536 · management and general $42,119 · fundraising $2,680

  • 14 · Information technology

    total $21,471 · program services $21,471

  • 17 · Travel

    total $815 · program services $400 · management and general $95 · fundraising $320

  • 19 · Conferences, conventions and meetings

    total $1,778 · management and general $1,315 · fundraising $463

  • 23 · Insurance

    total $14,221 · program services $11,721 · fundraising $2,500

  • 24a · Other expenses: RACE PURSES

    total $240,000 · program services $240,000

  • 24b · Other expenses: RACING EXPENSES

    total $204,580 · program services $204,580

  • 24c · Other expenses: RACE COURSE MAINTENANCE

    total $129,133 · program services $129,133

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

    total $105,297 · program services $105,297

  • 24e · All other expenses

    total $55,676 · program services $55,676

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $201,988 · end of year $104,979

  • 2 · Savings and temporary cash investments

    beginning of year $74,332 · end of year $76,276

  • 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 $8,771 · end of year $14,313

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

    $12,109

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $12,109

  • 11 · Investments: publicly traded securities

    beginning of year $1,232,716 · end of year $1,363,846

  • 19 · Deferred revenue

    beginning of year $144,799 · end of year $143,271

  • 27 · Net assets without donor restrictions

    beginning of year $1,374,058 · end of year $1,429,302

Mission and programs · 2024

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 TRADITIONS AND PROMOTE PUBLIC AWARENESS OF JAMES MADISON'S MONTPELIER, HOME OF JAMES AND DOLLEY MADISON. THE 2024 RACES WERE THE 89TH RUNNING.

    Expenses $906,336 · Grants $72,250 · Revenue $469,966

As filed on the 2024 return.

Listed in Part VII

  • DAVID PERDUE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • DAVID E GIBSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SANDY STUART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTA COSTELLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REBECCA KRAMER DVM

    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

  • MICHAEL SCALISE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTHA H STRAWTHER

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    35

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
2024
Filed
4 May 2026
IRS schema version
2024v5.5
Source object
202601259349300940

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