Virginia Thoroughbred Project
- Assets
- $365.7k
- Revenue
- $339.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Montpelier, VA
- Founding
- Data as of
- 12/2022
- EIN
- 84-3519034
Organization Overview
Virginia Thoroughbred Project is located in Montpelier, VA. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Thoroughbred Project 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, Virginia Thoroughbred Project generated $339.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 58.7% each year . All expenses for the organization totaled $103.1k during the year ending 12/2022. While expenses have increased by 21.9% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
COMMITTED TO EXCELLENCE IN THE AFTERCARE OF THOROUGHBRED RACEHORSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPONSORSHIP PROGRAM ALLOWS PEOPLE TO DONATE TOWARDS THE CARE OF A SPECIFIC THOROUGHBRED. THEY ARE ENCOURAGED TO COME TO THE FARM, MEET THEIR SPONSORED ANIMAL AND OBSERVE THEIR PROGRESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Hamlin President | Trustee | 0 | $0 |
Steven Goldberg Vice President | Trustee | 0 | $0 |
John Mammano Secretary | Trustee | 0 | $0 |
Arthur Bryant Jr Treasurer | Trustee | 0 | $0 |
Jill Byrne Member | Trustee | 0 | $0 |
Kristy Miller Member | Trustee | 0 | $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 | $337,791 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $337,791 |
| Total Program Service Revenue | $1,240 |
| Investment income | $23 |
| 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 | $339,054 |
| 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 | $400 |
| 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 | $4,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $217 |
| Advertising and promotion | $10,763 |
| Office expenses | $1,110 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,027 |
| Travel | $4,889 |
| 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 | $4,555 |
| Insurance | $3,047 |
| All other expenses | $13,655 |
| Total functional expenses | $103,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,036 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $500 |
| 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 | $2,590 |
| Net Land, buildings, and equipment | $16,578 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $365,704 |
| 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 | $365,704 |
| 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 | $365,704 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Virginia Thoroughbred Project has recieved totaling $55,750.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: ANIMAL-RELATED | $50,000 |
Virginia Equine Alliance Warrenton, VA PURPOSE: SUPPORT AFTERCARE OF RETIRED THOROUGHBRED RACE HORSES | $5,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Fund For Animal Welfare Inc Washington, DC | $59,481,028 | $48,021,492 |
Humane Society International Washington, DC | $4,814,456 | $23,754,987 |
Washington Humane Society The Society For The Prevention Of Washington, DC | $57,921,128 | $21,357,014 |
American Humane Association Washington, DC | $30,237,379 | $24,505,109 |
The Humane League Rockville, MD | $25,306,701 | $13,598,261 |
Alley Cat Allies Incorporated Bethesda, MD | $14,740,431 | $13,850,884 |
Richmond Society For The Prevention Of Cruelty To Animals Richmond, VA | $57,425,937 | $15,802,293 |
Fund For Animals Inc Washington, DC | $6,977,767 | $12,507,000 |
Anicira Veterinary Center Harrisonburg, VA | $6,192,293 | $8,154,970 |
Resolve Inc Washington, DC | $5,188,855 | $6,116,763 |
Kentucky Humane Society Louisville, KY | $24,399,127 | $11,144,330 |
Maryland Spca Inc Baltimore, MD | $38,997,519 | $8,113,297 |