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Middleburg Spring Races Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 540801738 ✦ Middleburg, VA ✦ Designated as a 501(c)(3)

Overview

What is Middleburg Spring Races Association Inc?

Middleburg Spring Races Association Inc, situated in Middleburg, Virginia, is a small nonprofit organization with a single employee. Their primary mission revolves around hosting horse races, aiming to raise funds and support various local charitable organizations in the community. Their activities are centered around these equestrian events, which contribute significantly to the welfare of numerous charitable organizations within their vicinity.


Official website here: www.middleburgspringraces.com

Is Middleburg Spring Races Association Inc legitimate?

Middleburg Spring Races Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Middleburg Spring Races Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $41,270

For more financial information, click here


Official website here: www.middleburgspringraces.com

What is the mission statement of Middleburg Spring Races Association Inc?

The Middleburg Spring Races Association Inc's mission is centered around organizing horse races with a noble purpose. Their primary goal is to raise funds for various local charitable organizations. By hosting these races, they aim to provide a platform for these organizations to receive much-needed financial support. The association's activities primarily revolve around organizing horse races, ultimately benefiting their chosen charitable causes.


Official website here: www.middleburgspringraces.com

Who is the CEO of Middleburg Spring Races Association Inc?

Paul D Fout is the Chairman of Middleburg Spring Races Association Inc.


Official website here: www.middleburgspringraces.com

What is the revenue of Middleburg Spring Races Association Inc?

Middleburg Spring Races Association Inc's revenue in 2022 was $686,163.


Official website here: www.middleburgspringraces.com

Who are the executives of Middleburg Spring Races Association Inc and what are their salaries?

The average compensation at Middleburg Spring Races Association Inc during 2022 was $41,270. There are 1 employees and 10 volunteers at Middleburg Spring Races Association Inc.

Here are 13 key members and their salaries:

    Sharon Sheppard (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Fout (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Turner Reuter (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beverly Steinman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Guy Dove (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gail Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ned Grassi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lynn Wiley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Crane (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Viviane Warren (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Annie Bishop (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Philip Dudley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bruce Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.middleburgspringraces.com

    Where can I find the form 990 for Middleburg Spring Races Association Inc?

    The Middleburg Spring Races Association Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.middleburgspringraces.com

    Learn more at the official website: www.middleburgspringraces.com

    Mission Statement of Middleburg Spring Races Association Inc

    Middleburg Spring Races Association Inc is dedicated to organizing horse races with a noble purpose. Their mission is centered around raising funds for local charitable organizations. By hosting these thrilling horse races, they aim to make a significant impact in their community by providing financial aid to various charitable organizations. The association's activities revolve around the belief that horse races can serve as a powerful platform for generating support and resources for these organizations. Their relentless efforts to organize these events underscore their commitment to supporting the local community and contributing to the betterment of numerous charitable causes.

    Impact

    This information is meant to be a general summary of Middleburg Spring Races Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The Middleburg Spring Races Association Inc's impact is felt through its support of local charitable organizations by hosting horse races. This initiative not only promotes community engagement and recreation but also raises funds to benefit those in need within the local area. By organizing these races, the association actively contributes to the betterment of the community and fosters a sense of unity and philanthropy among residents and supporters.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $26,932
  • Program Service Revenue: $298,254
  • Gross Receipts: $686,163

    • Assets and Liabilities:
  • Total Assets: $1,992,145
  • Total Liabilities: $2,747
  • Net Assets: $1,989,398
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SPRING RACE INCOME

    Revenue

    $298,254

    Organization Details

    Founding Year

    1969

    Principal Officer

    Paul D Fout

    Main Address

    PO BOX 1173, MIDDLEBURG, VA, 20118

    NTEE Category

    Code: N69Z - Recreation

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