Temple Gwathmey Steeplechase Foundation Inc
- Assets
- $1.1m
- Revenue
- $317.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Elkton, MD
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 52-1918953
Organization Overview
Temple Gwathmey Steeplechase Foundation Inc is located in Elkton, MD. The organization was established in 1995. 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. Temple Gwathmey Steeplechase Foundation 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, Temple Gwathmey Steeplechase Foundation Inc generated $317.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $172.1k during the year ending 12/2021. 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
PROMOTING AMATEUR STEEPLECHASE RACING
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSPECTION OF RACE COURSES AND DRUG TESTING TO PROMOTE SAFETY IN THE SPORT OF STEEPLECHASE RACING.
PURSE SUPPLEMENTS TO PROVIDE PRIZES FOR WINNERS & TO INCREASE INTEREST IN THE SPORT OF STEEPLECHASE RACING.
PRINTING & PUBLICATIONS.
ADVERTISING & PROMOTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Brodie Vice Preside | Officer | 1 | $0 |
Michael Hoffman Secretary | Officer | 1 | $0 |
Jack Fisher President | Officer | 1 | $0 |
Katherine Neilson Treasurer | Officer | 1 | $0 |
W B Dixon Stroud Jr Director | Trustee | 1 | $0 |
Ann Jackson Director | Trustee | 1 | $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 | $269,058 |
| Noncash contributions included in lines 1a–1f | $15,595 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $269,058 |
| Total Program Service Revenue | $0 |
| Investment income | $5,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,911 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $317,660 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,327 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,066 |
| Office expenses | $1,249 |
| Information technology | $5,650 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $3,449 |
| All other expenses | $22,288 |
| Total functional expenses | $172,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,246 |
| Savings and temporary cash investments | $56,819 |
| 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 | $0 |
| Investments—publicly traded securities | $935,806 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,103,871 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,103,871 |
| 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 | $1,103,871 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Temple Gwathmey Steeplechase Foundation Inc has recieved totaling $10,500.
| Awarding Organization | Amount |
|---|---|
Naylor Family Foundation Elizabethtown, PA PURPOSE: GENERAL DONATION | $10,000 |
Organization Name not Listed PURPOSE: EDUCATE & FOSTER THE PERFORMING ARTS | | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Horse Center Foundation Lexington, VA | $21,949,749 | $6,089,538 |
Pennsylvania Harness Horsemens Association Chester, PA | $47,723,168 | $7,569,633 |
Upperville Colt & Horse Show Inc Upperville, VA | $4,423,395 | $3,060,055 |
Washington International Horseshow Association Ltd Annapolis, MD | $661,387 | $2,450,328 |
Meadowbrook Foundation Inc Chevy Chase, MD | $4,161,973 | $2,176,434 |
Maryland Thoroughbred Horsemans Association Owings Mills, MD | $1,933,805 | $1,645,385 |
Pennsylvania Horse Breeders Association Inc Kennett Square, PA | $833,317 | $1,478,049 |
Thorncroft Equestrian Center Malvern, PA | $14,841,730 | $1,605,648 |
Virginia Gold Cup Association Inc Warrenton, VA | $148,262 | $1,262,964 |
National Steeplechase Association Inc Elkton, MD | $2,246,962 | $1,167,801 |
Dressage At Devon Downingtown, PA | $164,087 | $746,882 |
Plantation Field Equestrian Events Inc Unionville, PA | $211,293 | $521,664 |