The Montpelier Steeplechase And Equestrian Foundation
- Assets
- $1.2m
- Revenue
- $65.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Montpelier Station, VA
- Founding
- 11/1989
- Data as of
- 06/2021
- EIN
- 54-1517991
Organization Overview
The Montpelier Steeplechase And Equestrian Foundation, operating under the name Montpelier Hunt Races, is located in Montpelier Station, VA. The organization was established in 1989. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montpelier Hunt Races 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 06/2021, Montpelier Hunt Races generated $65.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.6%) each year. All expenses for the organization totaled $111.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (22.5%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTINUE THE EQUESTRIAN TRADITION OF STEEPLECHASE RACING AT JAMES MADISON'S MONTPELIER
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MONTPELIER HUNT RACES ARE INTENDED TO PERPETUATE THE HISTORIC EQUESTRIAN ACTIVITIES AND PROMOTE PUBLIC AWARENESS OF MONTPELIER, THE HOME OF JAMES AND DOLLEY MADISON. DURING THE FISCAL YEAR ENDED JUNE 30, 2021, THE RACES HAD TO BE CANCELLED DUE TO THE COVID PANDEMIC AND THE RISK IN LARGE GROUPS CONGREGATING AND FOLLOWING THE SUGGESTED GUIDELINES OF HEALTH PROFESSIONALS. THE INFRASTRUCTURE WAS MAINTAINED THROUGH THE HIATUS AND GRANTS TO ORGANIZATIONS INCLUDING MONTPELIER, WERE MADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy F Young Secretary | OfficerTrustee | 1 | $0 |
Charles H Seilheimer Jr Chairman | OfficerTrustee | 1 | $0 |
James Ht Mcconnell Jr Treasurer | OfficerTrustee | 1 | $0 |
Martha H Strawther Executive Director | Officer | 35 | $0 |
Brooke Royster Director | Trustee | 1 | $0 |
David Gibson 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 | $43,370 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,370 |
| Total Program Service Revenue | $75 |
| Investment income | $22,147 |
| 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 | $65,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,500 |
| 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 | $40,599 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,945 |
| Office expenses | $10,117 |
| Information technology | $4,069 |
| 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 | $190 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,251 |
| All other expenses | $1,454 |
| Total functional expenses | $111,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,770 |
| Savings and temporary cash investments | $33,856 |
| 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 | $1,050 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,136,896 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,175,572 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $40,850 |
| 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 | $40,850 |
| Net assets without donor restrictions | $1,134,722 |
| 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 | $1,175,572 |
Endowment Analysis
| Beg. Balance | $918,928 |
| Earnings | $250,758 |
| Admin Expense | $2,518 |
| Other Expense | $30,000 |
| Ending Balance | $1,137,168 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Way Of Central Maryland Inc Baltimore, MD | $67,768,699 | $88,763,556 |
Associated Jewish Community Federation Of Baltimore Inc Baltimore, MD | $42,735,304 | $45,612,361 |
Associated Jewish Charities Of Baltimore Baltimore, MD | $398,678,795 | $51,667,875 |
United Way Of Middle Tennessee Inc Nashville, TN | $71,875,939 | $59,642,100 |
Americas Charities Chantilly, VA | $19,664,098 | $37,274,660 |
The Jewish Federation Of Greater Washington Inc North Bethesda, MD | $260,201,202 | $41,780,933 |
United Way Of South Hampton Roads Norfolk, VA | $66,003,873 | $28,678,324 |
Metro United Way Inc Louisville, KY | $52,656,581 | $25,773,108 |
United Way Of The National Capital Area Vienna, VA | $52,010,356 | $25,572,571 |
United Way Of Greater Richmond Richmond, VA | $16,886,120 | $22,666,995 |
United Way Of Greater Charlotte Charlotte, NC | $28,665,296 | $24,251,139 |
Chc Creating Healthier Communities Alexandria, VA | $23,119,840 | $20,885,598 |