Aiken Steeplechase Association Inc
- Assets
- $4.3m
- Revenue
- $298.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Aiken, SC
- Founding
- 08/1998
- Data as of
- 06/2021
- EIN
- 57-1007007
Organization Overview
Aiken Steeplechase Association Inc is located in Aiken, SC. The organization was established in 1998. 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. As of 06/2021, Aiken Steeplechase Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aiken Steeplechase Association 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 06/2021, Aiken Steeplechase Association Inc generated $298.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $169.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (19.9%) per year over the past 7 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 PERPETUATE THE RACES KNOWN AS THE AIKEN SPRING HUNT MEET AND THE AIKEN FALL HUNT MEET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PERPETUATE THE RACES KNOWN AS THE AIKEN SPRING HUNT MEET AND THE AIKEN FALL HUNT MEET AND CONDUCT ANY OTHER APPROPRIATE AND APPROVED ACTIVITY OF ITS BOARD OF DIRECTORS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Geddes Vice Preside | OfficerTrustee | 10 | $0 |
Mike Hosang Treasurer/se | OfficerTrustee | 10 | $0 |
Paul C Sauerborn President | OfficerTrustee | 10 | $0 |
Derrick Boddy Member | Trustee | 1 | $0 |
Don Houck Member | Trustee | 1 | $0 |
Anne Pezzano Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,000 |
| Investment income | $664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,945 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $298,340 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $59,667 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,642 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $250 |
| Office expenses | $14,301 |
| Information technology | $0 |
| 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 | $58,025 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,296 |
| Insurance | $12,305 |
| All other expenses | $0 |
| Total functional expenses | $169,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,289 |
| Savings and temporary cash investments | $410,146 |
| 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 |
| Investments—publicly traded securities | $10,183 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,775 |
| Other assets | $0 |
| Total assets | $4,267,182 |
| Accounts payable and accrued expenses | $187,935 |
| 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 | $2,411,634 |
| Total liabilities | $2,599,569 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,667,613 |
Grants Awarded
Over the last fiscal year, Aiken Steeplechase Association Inc has awarded $36,266 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Aiken, SC | | $24,521 |
Aiken, SC | | $11,745 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aiken Steeplechase Association Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
James And Angela Hambrick Foundation Beachwood, OH PURPOSE: ANNUAL FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Federation Of Greater Atlanta Inc Atlanta, GA | $335,156,066 | $46,977,032 |
United Way Of Greater Charlotte Charlotte, NC | $28,665,296 | $24,251,139 |
United Way Of The Piedmont Inc Spartanburg, SC | $4,093,923 | $15,798,807 |
Bluecross Blueshield Of South Carolina Foundation Columbia, SC | $340,633,924 | $51,086,800 |
United Way Of Forsyth County Inc Winstonsalem, NC | $7,740,159 | $13,512,937 |
United Way Of The Midlands Columbia, SC | $21,822,205 | $12,356,591 |
United Way Of The Greater Triangle Inc Durham, NC | $8,988,793 | $10,685,118 |
United Way Of Greenville County Incorporated Greenville, SC | $26,398,141 | $12,601,521 |
Heritage Classic Foundation Hilton Head Island, SC | $10,740,368 | $11,355,325 |
United Way Of The Coastal Empire Inc Savannah, GA | $26,438,024 | $9,161,083 |
United Way Of Greater Greensboro Inc Greensboro, NC | $24,991,408 | $6,519,162 |
United Way Of The Central Savannah River Area Inc Augusta, GA | $2,548,465 | $8,329,042 |