Virginia-Carolina Morgan Horse Club
- Assets
- $129.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pink Hill, NC
- Founding
- 09/1991
- Data as of
- 12/2022
- EIN
- 56-1388346
Organization Overview
Virginia-Carolina Morgan Horse Club is located in Pink Hill, NC. The organization was established in 1991. 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. Virginia-Carolina Morgan Horse Club is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Virginia-Carolina Morgan Horse Club generated $4.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (43.1%) each year. All expenses for the organization totaled $4.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE THE MORGAN HORSE IN NORTH CAROLINA & VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denny Powell Vice Preside | 1 | $0 | |
Jennifer Valentine President | 1 | $0 | |
Elizabeth Holmes Secretary | 1 | $0 | |
June Davis Treasurer | 5 | $0 | |
Frances Pugh Director | 1 | $0 | |
Betsy Buchanan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,290 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,602 |
| Gain or Loss | -$1,530 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,362 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,155 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,971 |
| Total expenses | $4,126 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $129,522 |
| Other assets | $0 |
| Total assets | $129,522 |
| Total liabilities | $0 |
| Net assets or fund balances | $129,522 |