Virginia Thoroughbred Association

Organization Overview

Virginia Thoroughbred Association is located in Charlottesville, VA. The organization was established in 1999. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Thoroughbred Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 12/2021, Virginia Thoroughbred Association generated $493.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $425.5k during the year ending 12/2021. While expenses have increased by 3.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE THOROUGHBRED HORSE INDUSTRY IN VIRGINIA AND ACT AS ADVOCATE FOR INDUSTRY AND COMMONWEALTH AGRI-BUSINESS AND THOROUGHBRED HORSE INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VTA ADMINISTERS THE VIRGINIA BREEDERS FUND VIA A CONTRACT WITH THE VIRGINIA RACING COMMISSION. PURSUANT TO THE CONTRACT, MEMBERSHIP IN VTA IS NOT REQUIRED TO PARTICIPATE IN THE BREEDERS FUND. THE BREEDERS FUND PROMOTES THE INTEREST OF THOROUGHBRED BREEDERS AND OWNERS THROUGH ANNUAL AWARDS AND PROMOTIONS.


VTA CONDUCTS ANNUAL MEETINGS, SEMINARS, AND AWARD LUNCHEONS THAT RECOGNIZE ACHIEVEMENTS OF ITS MEMBERS AND THOROUGHBRED HORSES AND THEIR BREEDERS AND OWNERS. SEMINARS ARE HELD TO KEEP MEMBERS ABREAST OF DEVELOPMENT IN BREEDING AND THOROUGHBRED HORSE CARE AND KEEP MEMBERS INFORMED OF RECENT DEVELOPMENTS WITHIN THE HORSE INDUSTRY.


VTA PUBLISHED ONLINE BLOGS AND INFORMATION VIA ITS WEBSITE DESIGNED TO EDUCATE AND INFORM MEMBERS OF SIGNIFICANT MATTERS AFFECTING THE THOROUGHBRED HORSE INDUSTRY IN VIRGINIA. ARTICLES AND INFORMATION ARE DESIGNED TO RAISE PROFESSIONALISM AMONG VTA MEMBERS AND RECOGNIZE AND ENCOURAGE DEVELOPMENT IN THOROUGHBRED HORSE INDUSTRY AND BREEDING.


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Board, Officers & Key Employees

Name (title)Compensation
Susan Cooney
President
$0
Amy Moore
Vice Preside
$0
Turner Kobayashi
Treasurer
$0
Gillian Gordon-Moore
Past Preside
$0
A Ferris Allen III
Director
$0
James Arrison
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$25,838
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$25,838
Total Program Service Revenue$417,821
Investment income $740
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $42,261
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $493,730

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