Steeplechase Fund
- Assets
- $399.1k
- Revenue
- $66.4k
- Investments
- $352.2k
- Employees
- 0
- Location
- Elkton, MD
- Founding
- 01/1956
- Data as of
- 12/2023
- EIN
- 13-6067724
Organization Overview
Steeplechase Fund is located in Elkton, MD. The organization was established in 1956. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steeplechase Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Steeplechase Fund generated $66.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $90.6k during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Steeplechase Fund has awarded 95 individual grants totaling $421,649. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTHY ASSISTANCE
MEDICAL EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Clancy Board Member | 1 | $0 | |
Thomas J Collins Vice Preside | 2 | $0 | |
Jeffrey L Lehew Secretary | 2 | $0 | |
Guy J Torsilieri Chairman | 2 | $0 | |
Alfred H Griffin Jr President | 2 | $0 | |
Jill Abbott Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,815 |
| Interest on Savings | $3,371 |
| Dividends & Interest | $7,098 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,390 |
| Capital Gain Net Income | $43,390 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,750 |
| Total Revenue | $66,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $528 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81 |
| Total operating and administrative expenses | $8,985 |
| Contributions, gifts, grants paid | $81,612 |
| Total expenses and disbursements | $90,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,782 |
| Savings and temporary cash investments | $34,112 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $399,070 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Steeplechase Fund has awarded $81,612 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS JOCKEYS-NORTH AMERICA PURPOSE: MEDICAL INSURANCE | $20,820 |
BARRY FOLEY PURPOSE: FINANCIAL ASSIST & MED EXPENSES | $14,900 |
ERICA GAERTNER PURPOSE: FINANCIAL ASSIST & MED EXPENSES | $30 |
ALFRED C GRIFFIN JR PURPOSE: FINANCIAL ASSIST & MED EXPENSES | $963 |
GRAHAM WATTERS PURPOSE: FINANCIAL ASSIST & MED EXPENSES | $4,800 |
HARPER MCVEY PURPOSE: FINANCIAL ASSIST & MED EXPENSES | $5,000 |