Devon Horse Show And County Fair Foundation
- Assets
- $8.5m
- Revenue
- $492.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Devon, PA
- Founding
- 02/1995
- Data as of
- 10/2021
- EIN
- 23-2796777
Organization Overview
Devon Horse Show And County Fair Foundation is located in Devon, PA. The organization was established in 1995. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. Devon Horse Show And County Fair Foundation 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 10/2021, Devon Horse Show And County Fair Foundation generated $492.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $724.6k during the year ending 10/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PERFORM CHARITABLE AND EDUCATION PURPOSES FOR THE DEVON HORSE SHOW AND COUNTRY FAIR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEVON HORSE SHOW FOUNDATION WAS ORGANIZED & IS OPERATED TO PERFORM CHARITABLE & EDUCATIONAL PURPOSES RELATING TO THE DEVON HORSE SHOW & COUNTRY FAIR, INC.
THE DEVON HORSE SHOW FOUNDATION WAS ORGANIZED & IS OPERATED TO PERFORM CHARITABLE & EDUCATIONAL PURPOSES RELATING TO THE DEVON HORSE SHOW & COUNTRY FAIR, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Grafton Chairman And CEO | OfficerTrustee | 20 | $0 |
Richard O'donnell President | OfficerTrustee | 10 | $0 |
Joseph D Blair Treasurer | OfficerTrustee | 1 | $0 |
Gail Mccarthy Secretary | OfficerTrustee | 1 | $0 |
Don Rosato Director | Trustee | 1 | $0 |
Ann K Seidel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $100,867 |
| Related organizations | $100 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $337,066 |
| Noncash contributions included in lines 1a–1f | $100,405 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,033 |
| Total Program Service Revenue | $0 |
| Investment income | $358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,945 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $174,918 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,370 |
| Fees for services: Accounting | $56,451 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,462 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,640 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364,720 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $724,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $381,134 |
| Pledges and grants receivable | $160,047 |
| Accounts receivable, net | $5,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,850 |
| Net Land, buildings, and equipment | $7,961,819 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,518,850 |
| Accounts payable and accrued expenses | $83,272 |
| Grants payable | $0 |
| Deferred revenue | $19,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $602,772 |
| Net assets without donor restrictions | $7,808,932 |
| Net assets with donor restrictions | $107,146 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,518,850 |
Grants Awarded
Over the last fiscal year, Devon Horse Show And County Fair Foundation has awarded $98,470 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Devon, PA PURPOSE: USE OF GROUND FOR HORSE SHOW | $97,512 |
Devon, PA PURPOSE: EXPENSES REIMBURSEMENTS RELATED TO HORSE SHOW | $958 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Devon Horse Show And County Fair Foundation has recieved totaling $22,500.
| Awarding Organization | Amount |
|---|---|
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: FOR GENERAL SUPPORT, FOR A DONATION ONLY, DECLINE BENEFITS | $10,000 |
Misdee Wrigley And James Mather Miller Bradenton, FL PURPOSE: SUBSIDY | $7,500 |
Dinan Family Foundation Inc Palm Beach, FL PURPOSE: GENERAL | $5,000 |
Endowment Analysis
| Beg. Balance | $101,992 |
| Earnings | $154 |
| Ending Balance | $102,146 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
African Parks Foundation Of America New York, NY | $103,077,494 | $19,003,499 |
Randalls Island Park Alliance Inc New York, NY | $13,239,437 | $9,404,674 |
Toledo Classic Inc Toledo, OH | $1,903,609 | $6,431,231 |
The Kroger Helping Hands Fund Benefits Trust Cincinnati, OH | $21,338,883 | $10,000,000 |
Army West Point Athletic Association Inc West Point, NY | $11,945,742 | $9,719,506 |
Westchester Parks Foundation Inc Mount Kisco, NY | $3,736,356 | $3,829,268 |
Usga Foundation Liberty Corner, NJ | $5,745,088 | $4,151,896 |
Park National Bank Foundation Park National Bank Newark, OH | $15,877,753 | $5,232,147 |
The Ball Family Foundation King of Prussia, PA | $4,322 | $1,729,500 |
Philly Races Inc Philadelphia, PA | $1,385,166 | $1,813,595 |
Percival P Baxter Trust Uw 14-0068 00-8 Pittsburgh, PA | $55,111,049 | $4,471,251 |
Untermyer Gardens Conservancy Yonkers, NY | $2,212,891 | $1,837,409 |