Overview
What is Loudoun Benefit Horse Show Foundation?
The Loudoun Benefit Horse Show Foundation is a nonprofit organization situated in Upperville, Virginia. Their primary activity involves organizing the renowned Loudoun Benefit Horse Show, an esteemed equestrian event that is among the oldest and most respected in the United States. Held annually over five days, the show attracts over five hundred entries from across the nation and abroad, participating in over fifty different divisions. The foundation's mission is to make annual contributions to charities within Loudoun County, Virginia, using funds generated from the horse show. In 2021, they awarded grants totaling $7,500 to various eligible organizations, while in 2022, they were unable to make any grants due to insufficient funds.
Official website here: www.loudounbenefit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 16%
The Loudoun Benefit Horse Show Foundation has received a disappointing Zero-Star out of Four Star rating from Charity Navigator, reflecting significant concerns regarding accountability and financial practices. The overall score is based solely on its accountability and finance metrics, which indicate a lack of independent board members and essential governance policies such as a conflict of interest and whistleblower policy.
Strengths noted in the evaluation include the absence of material diversion of assets, which is a positive sign for the foundation's integrity. However, the organization’s financial health raises alarms, particularly highlighted by a liabilities-to-assets ratio of 1323.56% and a low program expense ratio of 2.82%, suggesting that very little of its income is being directed towards programs or services.
Overall, the lack of independent oversight and critical governance policies, coupled with concerning financial ratios, indicates that the Loudoun Benefit Horse Show Foundation may struggle to effectively fulfill its mission. Potential donors and supporters should approach with caution, given these significant organizational weaknesses.
This AI summary has been generated from information found on Charity Navigator.
Is Loudoun Benefit Horse Show Foundation legitimate?
Loudoun Benefit Horse Show Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loudoun Benefit Horse Show Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.loudounbenefit.org
What is the mission statement of Loudoun Benefit Horse Show Foundation?
The Loudoun Benefit Horse Show Foundation's main objective is to oversee the operation of the Loudoun Benefit Horse Show, a renowned and competitive equestrian event that attracts entries from across the United States and abroad. This annual event, spanning five days, features more than fifty divisions. The foundation is committed to making charitable contributions annually to organizations in Loudoun County, Virginia. By hosting this prestigious event, the Loudoun Benefit Horse Show Foundation contributes to the equestrian community and supports local charities simultaneously.
Official website here: www.loudounbenefit.org
Who is the CEO of Loudoun Benefit Horse Show Foundation?
Unavailable
Official website here: www.loudounbenefit.org
What is the revenue of Loudoun Benefit Horse Show Foundation?
Loudoun Benefit Horse Show Foundation's revenue in 2022 was $80,153.
Official website here: www.loudounbenefit.org
Who are the executives of Loudoun Benefit Horse Show Foundation and what are their salaries?
There 90 volunteers at Loudoun Benefit Horse Show Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.loudounbenefit.org
Where can I find the form 990 for Loudoun Benefit Horse Show Foundation?
Loudoun Benefit Horse Show Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.loudounbenefit.org
Learn more at the official website: www.loudounbenefit.org
Mission Statement of Loudoun Benefit Horse Show Foundation
The Loudoun Benefit Horse Show Foundation is dedicated to overseeing the operation of the esteemed Loudoun Benefit Horse Show, a renowned equestrian event that attracts numerous competitors from across the United States and abroad. This annual event, spanning five days, boasts over five hundred entries and features more than fifty different divisions. Beyond organizing this prestigious competition, the Foundation aims to contribute annually to charitable causes within Loudoun County, Virginia. By successfully executing these activities, the Loudoun Benefit Horse Show Foundation plays a significant role in promoting equestrian sports while also giving back to the local community.
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Impact
August, 2024
The Loudoun Benefit Horse Show Foundation's impact is primarily seen through the operation of the Loudoun Benefit Horse Show, which is one of the most respected and competitive equestrian events in the United States. The show, which has a history of being one of the oldest in the country, attracts over five hundred entries from both the U.S. and abroad to compete in more than fifty different divisions over five days.
Additionally, the Foundation aims to make annual contributions to Loudoun County VA charities, showcasing its commitment to supporting the local community through the funds generated from the horse show. In 2021, the Foundation provided grants totaling $7,500 to selected 501c3 organizations, further demonstrating its impact on charitable causes.
Overall, through the organization of the Loudoun Benefit Horse Show and the subsequent support for philanthropic endeavors, the Loudoun Benefit Horse Show Foundation plays a significant role in promoting equestrian excellence and giving back to the community.
This information is meant to be a general summary of Loudoun Benefit Horse Show Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $120
- Gross Receipts: $954,641
Assets and Liabilities:
- Total Assets: $47,368
- Total Liabilities: $126,803
- Net Assets: -$79,435
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Organization Details
Founding Year
2014
Phone
(516) 872-4900Main Address
PO BOX 601, UPPERVILLE, VA, 201850601
Website
www.loudounbenefit.orgNTEE Category
Code: N69 - Recreation
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