Fair Hill International Three Day Event Inc
- Assets
- $142.0k
- Revenue
- $628.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Elkton, MD
- Founding
- 06/1989
- Data as of
- 12/2022
- EIN
- 52-1623918
Organization Overview
Fair Hill International Three Day Event Inc, operating under the name Fair Hill International Inc, is located in Elkton, MD. The organization was established in 1989. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Fair Hill International Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fair Hill International 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 12/2022, Fair Hill International Inc generated $628.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $540.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 years. 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
TO CONDUCT AND PROMOTE AMATEUR AND PROFESSIONAL EQUESTRIAN COMPETITIONS, CLINICS, AND SPECIAL EVENTS TO DEVELOP EVENTING, COMBINED DRIVING AND ENDURANCE RIDING FROM BEGINNER THROUGH NATIONAL AND INTERNATIONAL LEVELS, CONSISTENT WITH GOVERNING STANDARDS AND WITH RESPONSIBLE CARE FOR SAFETY, THE ENVIRONMENT, AND SPORTSMANSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIR HILL INTERNATIONAL, INC. CONDUCTS A SERIES OF EQUESTRIAN COMPETITIONS THROUGHOUT THE YEAR WHICH ARE DESIGNED TO PROVIDE COMPETITION OPPORTUNTIES FOR HORSE AND RIDER COMBINATIONS FROM THE ELEMENTARY TO THE ADVANCED LEVELS.FROM APRIL THROUGH AUGUST, THE ORGANIZATION HOLDS THREE RECOGNIZED (FEI, USEF, USEA) HORSE TRIALS AND THREE STARTER HORSE TRIALS. EACH OF THE TRIALS ATTRACT AN AVERAGE OF 150 TO 250 COMPETITORS, ALONG WITH THEIR SUPPORT PEOPLE AND SPECTATORS.THE ORGANIZATION ALSO CONDUCTS A COMBINED CARRIAGE DRIVING EVENT, AN ENDURANCE RIDING EVENT AND MULTIPLE DRESSAGE AND JUMPING SCHOOLING SESSIONS.IN ADDITION, THE ORGANIZATION PROVIDES COMPETITION MANAGEMENT SERVICES TO THE ENTITY THAT PRODUCES THE EVENT KNOWN AS THE "MARS MARYLAND 5 STAR AT FAIR HILL PRESENTED BY BROWN ADVISORY" HELD ANNUALLY IN OCTOBER IN THE SPECIAL EVENT ZONE AT THE FAIR HILL NATURAL RESOURCES MANAGEMENT AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Gilbert President | OfficerTrustee | 2 | $0 |
Diane Trefry Vice President | OfficerTrustee | 2 | $0 |
Todd Mcgregor Treasurer | OfficerTrustee | 2 | $0 |
Fran Loftus Secretary | OfficerTrustee | 2 | $0 |
Barbara Bateman Board Member | Trustee | 2 | $0 |
Coates Bateman Board Member | Trustee | 2 | $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 | $195,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,547 |
| Total Program Service Revenue | $433,211 |
| Investment income | $0 |
| 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 | $628,758 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,530 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,680 |
| Advertising and promotion | $0 |
| Office expenses | $14,117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,793 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,334 |
| Insurance | $7,059 |
| All other expenses | $74,749 |
| Total functional expenses | $539,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,333 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,295 |
| 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 | $37,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,696 |
| Total assets | $142,008 |
| Accounts payable and accrued expenses | $11,660 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $8,662 |
| Other liabilities | $24,696 |
| Total liabilities | $45,018 |
| Net assets without donor restrictions | $68,016 |
| Net assets with donor restrictions | $28,974 |
| 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 | $142,008 |