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Virginia Thoroughbred Association

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

EIN: 510235884 ✦ Charlottesville, VA ✦ Designated as a 501(c)(5)

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Overview

What is Virginia Thoroughbred Association?

The Virginia Thoroughbred Association is a nonprofit organization situated in Charlottesville, Virginia, specifically at 250 WEST MAIN STREET SUITE 100. Its primary objective is to promote and champion the thoroughbred horse industry within Virginia, serving as a strong advocate for the industry and Virginia's agricultural business. The association achieves this goal by administering the Virginia Breeders Fund through a contract with the Virginia Racing Commission, without requiring membership for participation. The Breeders Fund supports thoroughbred breeders and owners through annual awards and promotions. Ultimately, Virginia Thoroughbred Association works to preserve and advance the thoroughbred horse industry in Virginia.


Official website here: www.vabred.org

Is Virginia Thoroughbred Association legitimate?

Virginia Thoroughbred Association is a legitimate nonprofit organization registered as a 501(c)(5) entity. Virginia Thoroughbred Association 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.vabred.org

What is the mission statement of Virginia Thoroughbred Association?

The Virginia Thoroughbred Association, serving as an advocate, is dedicated to promoting the thoroughbred horse industry within Virginia. It aims to support and safeguard the interests of thoroughbred breeders and owners through various annual awards and promotions. The association also manages the Virginia Breeders Fund in collaboration with the Virginia Racing Commission, allowing non-members to participate as well. Its activities are geared towards advocating for the thoroughbred horse industry and agri-business in the Commonwealth of Virginia.


Official website here: www.vabred.org

Who is the CEO of Virginia Thoroughbred Association?

Debbie Easter is the President of Virginia Thoroughbred Association.


Official website here: www.vabred.org

What is the revenue of Virginia Thoroughbred Association?

Virginia Thoroughbred Association's revenue in 2022 was $511,626.


Official website here: www.vabred.org

Who are the executives of Virginia Thoroughbred Association and what are their salaries?


Here are 18 key members and their salaries:


Amy Moore (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Vansant (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Turner Kobayashi (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Cooney (Past Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Applegate (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet De Teran (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Kuhn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Ramey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Chatfeld-Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Dennehy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Hutchison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Manning (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Mcclure (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brooke Royster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Shepherd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.vabred.org

Where can I find the form 990 for Virginia Thoroughbred Association?

Virginia Thoroughbred Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vabred.org

Learn more at the official website: www.vabred.org

Mission Statement of Virginia Thoroughbred Association

The Virginia Thoroughbred Association, a prominent organization, is dedicated to promoting the thoroughbred horse industry within Virginia. Acting as an advocate for both the industry and the commonwealth's agribusiness, its mission is to foster growth and support for the thoroughbred horse industry. To accomplish this, the association administers the Virginia Breeders Fund through a contract with the Virginia Racing Commission. This fund promotes the interests of thoroughbred breeders and owners through annual awards and promotions, making membership in the association not a prerequisite for participation.

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Impact




October, 2024

The Virginia Thoroughbred Association plays a crucial role in advancing the Thoroughbred horse industry in Virginia. It serves as a strong advocate for breeders and owners, ensuring their interests are represented within the broader agricultural landscape of the Commonwealth. Through its administration of the Virginia Breeders Fund, the Association fosters growth and sustainability in the industry by providing annual awards and promotions that recognize excellence among breeders.

By supporting the Thoroughbred community, the VTA contributes to the economic vitality of Virginia's agricultural sector. This support also helps maintain a rich culture and heritage centered around horse racing and breeding in the state, enhancing the community's identity and economic development. Overall, the VTA's initiatives not only strengthen the Thoroughbred industry but also bolster Virginia's agribusiness, promoting a synergy between these sectors that benefits local economies and communities.




This information is meant to be a general summary of Virginia Thoroughbred Association. 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.

Revenue
$511,626 (2022)
Expenses
$508,435 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $853
  • Program Service Revenue: $424,731
  • Gross Receipts: $1,435,978

Assets and Liabilities:

  • Total Assets: $898,870
  • Total Liabilities: $582,825
  • Net Assets: $316,045

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Programs

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

BREEDERS FUND & VRC

Revenue

$190,000

MEMBERSHIP DUES & ASSESSMENTS

Revenue

$92,930

THOROUGHBRED REGISTRATION

Revenue

$87,400

PARI-MUTUAL WAGERING SHR

Revenue

$48,301

BREEDERS REGISTRATIONS

Revenue

$6,100

Organization Details

Founding Year

1978

Principal Officer

Debbie Easter

Main Address

250 WEST MAIN STREET SUITE 100, CHARLOTTESVILLE, VA, 22902

NTEE Category

Code: K26 - Food

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