Great Meadow Foundation
- Assets
- $7.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 8
- Location
- The Plains, VA
- Founding
- 08/1982
- Data as of
- 12/2022
- EIN
- 52-1257702
Organization Overview
Great Meadow Foundation is located in The Plains, VA. The organization was established in 1982. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2022, Great Meadow Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Meadow 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 12/2022, Great Meadow Foundation generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GREAT MEADOW FOUNDATION, INC'S PURPOSE IS TO PRESERVE AND PROTECT OPEN SPACE, VISUAL ORDER, FLORA AND FAUNA, AND AIR, LAND AND WATER RESOURCES FOR THE BENEFIT OF THE GENERAL PUBLIC AND TO PERPETUATE, AND TO FURTHER PUBLIC EDUCATION, RECREATION AND ENJOYMENT WITH RESPECT TO THE HISTORIC AND TRADITIONAL OPEN SPACES AND FIELD EVENTS OF FAUQUIER COUNTY, VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOURTH OF JULY EVENT:GREAT MEADOW FOUNDATION HOSTS A COMMUNITY EVENT TO CELEBRATE THE FOURTH OF JULY. THE EVENT ENCOMPASSES FIREWORKS AND ENTERTAINMENT.
OTHER PROGRAMS INCLUDING CROSS COUNTRY RACES, SCOTTISH GAMES, ROCKETRY, TWILIGHT JUMPERS, GREAT MEADOW INTERNATIONAL, NSA JUMP RENTAL, AND GENERAL MAINTENANCE OF THE GROUNDS.
VA GOLD CUP/INTERNATIONAL GOLD CUP RACES:GREAT MEADOW FOUNDATION HAS A LEASE AGREEMENT WITH VIRGINIA GOLD CUP ASSOCIATION WHERE A STEEPLECHASING EVENT IS HELD TWO WEEKENDS OF EACH YEAR, TYPICALLY IN MAY AND OCTOBER.
TWILIGHT POLO:GREAT MEADOW FOUNDATION HAS A LANDLORD AGREEMENT WHERE THE POLO ARENA IS USED THROUGHOUT THE WEEKENDS OF THE SUMMER AND EARLY FALL TO SERVICE A FAMILY FRIENDLY EVENT TO PROMOTE THE SPORT OF POLO AND TO ENGAGE LOCAL YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hochheimer Chairman Of The Board | OfficerTrustee | 4 | $0 |
T Garrick Steele Vice Chair | OfficerTrustee | 1 | $0 |
Bradley Bondi Trustee | Trustee | 1 | $0 |
Natalie Miller Epstein Trustee | Trustee | 1 | $0 |
David Greenhill Trustee | Trustee | 1 | $0 |
Holidae Hayes Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Attwood Equestrian Surfaces Arena Construction | 12/30/16 | $421,216 |
Dawson Electric Service Inc Electrical System | 12/30/16 | $133,915 |
S W Rodgers Co Inc Arena Construction | 12/30/16 | $745,846 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,434,840 |
| Noncash contributions included in lines 1a–1f | $334,376 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,535,590 |
| Total Program Service Revenue | $657,616 |
| Investment income | $564 |
| 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 | $3,193,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $48,443 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $230,700 |
| Pension plan accruals and contributions | $5,828 |
| Other employee benefits | $37,521 |
| Payroll taxes | $20,458 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,536 |
| Fees for services: Accounting | $15,442 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,403 |
| Advertising and promotion | $2,582 |
| Office expenses | $21,673 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,827 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,488 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,157 |
| Insurance | $62,923 |
| All other expenses | $6,441 |
| Total functional expenses | $1,016,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,201 |
| Savings and temporary cash investments | $1,219,439 |
| Pledges and grants receivable | $806,464 |
| Accounts receivable, net | $6,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,600,254 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,682,358 |
| Accounts payable and accrued expenses | $9,038 |
| Grants payable | $0 |
| Deferred revenue | $7 |
| 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 | $145,635 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,200 |
| Total liabilities | $163,880 |
| Net assets without donor restrictions | $5,572,675 |
| Net assets with donor restrictions | $1,945,803 |
| 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 | $7,682,358 |