Upperville Colt & Horse Show Inc
- Assets
- $4.4m
- Revenue
- $3.1m
- Investments
- $257.0
- Employees
- 1
- Location
- Upperville, VA
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 23-7390149
Organization Overview
Upperville Colt & Horse Show Inc is located in Upperville, VA. The organization was established in 2000. 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. Upperville Colt & Horse Show Inc 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 12/2021, Upperville Colt & Horse Show Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ULTIMATE GOAL OF THE TOP RIDERS COMPETING IN THE SHOW IS TO QUALIFY FOR A PLACE ON THE UNITED STATES EQUESTRIAN TEAM AND ULTIMATELY IN THE OLYMPICS. A SUBSTANTIAL PERCENTAGE OF THE RIDERS ON THE UNITED STATES EQUESTRIAN TEAM HAVE COMPETED AT UPPERVILLE. THUS, THE PRIMARY PURPOSE IS TO PROMOTE AMATEUR EQUESTRIAN COMPETITION AT THE UPPERVILLE SHOW ITSELF AND TO ENABLE PARTICIPANTS TO COMPETE IN OTHER AMATEUR EQUESTRIAN EVENTS, INCLUDING NATIONAL AND INTERNATIONAL EVENTS.
Describe the Organization's Program Activity:
UPPERVILLE COLT AND HORSE SHOW EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Day Show Director | Officer | 1 | $65,000 |
Roy Perry Secretary | OfficerTrustee | 1 | $0 |
Mrs Kitty Barker VP - Hunters | OfficerTrustee | 1 | $0 |
Joe Fargis President | OfficerTrustee | 1 | $0 |
Mr Shelby W Bonnie 1st Vice President | OfficerTrustee | 1 | $0 |
Kim O'donnell Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Back Alli's Inc Caterer For 1853 Club | 12/30/21 | $147,781 |
Brandywine Tent Rental Inc Stall & Tent Rental | 12/30/21 | $235,395 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,541 |
| All other contributions, gifts, grants, and similar amounts not included above | $560,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $573,602 |
| Total Program Service Revenue | $1,774,046 |
| Investment income | $289 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,060,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation of current officers, directors, key employees. | $16,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,728 |
| Fees for services: Management | $37,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,467 |
| Advertising and promotion | $700 |
| Office expenses | $55,183 |
| Information technology | $39,998 |
| Royalties | $0 |
| Occupancy | $25,700 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,599 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $315,207 |
| Insurance | $38,506 |
| All other expenses | $387,614 |
| Total functional expenses | $2,906,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $539 |
| Savings and temporary cash investments | $382,186 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,040,413 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $257 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,423,395 |
| Accounts payable and accrued expenses | $10,136 |
| Grants payable | $0 |
| Deferred revenue | $290,833 |
| 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 | $936,897 |
| Unsecured mortgages and notes payable | $159,053 |
| Other liabilities | $0 |
| Total liabilities | $1,396,919 |
| Net assets without donor restrictions | $3,026,476 |
| Net assets with donor restrictions | $0 |
| 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 | $4,423,395 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Upperville Colt & Horse Show Inc has recieved totaling $133,909.
| Awarding Organization | Amount |
|---|---|
William M Backer Foundation Inc The Plains, VA PURPOSE: CHARITABLE PURPOSES | $50,000 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: FOR GENERAL SUPPORT | $25,000 |
Quaker City Chester Springs, PA PURPOSE: OPERATIONS FOR EXEMPT PURPOSES | $21,680 |
Green Is The New Blue Inc New York, NY PURPOSE: SPONSORSHIP | $15,000 |
Dun Foundation Middleburg, VA PURPOSE: PUBLIC CHARITY | $7,500 |
Dun Foundation Middleburg, VA PURPOSE: PUBLIC CHARITY | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Horse Center Foundation Lexington, VA | $21,949,749 | $6,089,538 |
United States Dressage Federation Inc Lexington, KY | $12,280,287 | $5,729,896 |
Upperville Colt & Horse Show Inc Upperville, VA | $4,423,395 | $3,060,055 |
National Horse Show Association Of America Ltd Lexington, KY | $1,577,659 | $2,858,029 |
Washington International Horseshow Association Ltd Annapolis, MD | $661,387 | $2,450,328 |
Meadowbrook Foundation Inc Chevy Chase, MD | $4,161,973 | $2,176,434 |
Kentucky Horse Park Foundation Inc Lexington, KY | $11,891,530 | $2,119,028 |
Maryland Thoroughbred Horsemans Association Owings Mills, MD | $1,933,805 | $1,645,385 |
Equestrian Events Inc Lexington, KY | $1,466,435 | $412,033 |
Virginia Gold Cup Association Inc Warrenton, VA | $148,262 | $1,262,964 |
Kentucky Horsemans Benevolent And Protective Association Inc Louisville, KY | $2,025,353 | $1,522,291 |
National Steeplechase Association Inc Elkton, MD | $2,246,962 | $1,167,801 |