Overview
What is Virginia Horse Center Foundation?
The Virginia Horse Center Foundation is a distinguished nonprofit organization situated in Lexington, Virginia. Its primary focus is hosting horse shows, clinics, and various events for various equine breeds and disciplines, including hunter/jumpers, Arabians, thoroughbreds, and others. These events are recognized by numerous national equine groups, such as the United States Equestrian Federation, attracting competitors from a wide geographical area. The Virginia Horse Center, an expansive 573-acre facility, offers a state-of-the-art environment for equestrian events. It features eight permanent barns capable of accommodating 750 horses and additional space for approximately 1,200 horses in both permanent and temporary stabling. The facility's proximity to a 4,000-seat indoor coliseum allows for an extended event calendar throughout the year, including two large arenas and two cross-country courses, including FEI (international) level courses. The Foundation's mission is to create a unique, picturesque landmark that honors and celebrates the timeless bond between humans and horses through safe, fair, and spirited equestrian competition. The organization employs a team of 55 individuals.
Official website here: www.horsecenter.org
What are the reviews and ratings of this charity?
**Virginia Horse Center Foundation: 96% Rating (Four-Star out of Four Stars)**
The Virginia Horse Center Foundation has received an impressive 96% rating from Charity Navigator, which translates to a Four-Star designation. This rating reflects the foundation's strong commitment to accountability and finance, with a 100% score in these critical areas, highlighting their effective management practices and transparency. They maintain a fully independent board of directors and generate a healthy ratio of program expenses, which indicates that a substantial portion of their funds goes directly towards their mission.
Review indicators show that the foundation employs robust governance policies including whistleblower and conflict of interest protocols, ensuring that the organization operates with integrity. Furthermore, the financial health of the organization is substantiated by a favorable liabilities to assets ratio, demonstrating its stability and potential for continued impact.
Currently, there is no user feedback available from GreatNonprofits. Thus, while the financial and operational strengths are evident, the experiences and sentiments of the community or stakeholders regarding the foundation's impact or programs are not documented at this time.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Virginia Horse Center Foundation?
90% of 734 reviewers on Facebook recommend the Virginia Horse Center Foundation. Here is a summary of their reviews:
The majority of users appreciate the activities and events held at the center, often highlighting the positive atmosphere and community engagement. Many attendees feel that the center provides a valuable space for equestrian events, showcasing talent and dedication to the sport. However, there are a few voices that express frustration, particularly regarding communication around spectator access at events, which left some attendees disappointed.
Overall, support for the Virginia Horse Center Foundation remains strong, with many emphasizing the enjoyable experiences they’ve had. Despite isolated negative experiences, particularly concerning event logistics, most users find value in the organization and recommend it to others.
This AI summary has been generated from reviews found on Facebook.
Is Virginia Horse Center Foundation legitimate?
Virginia Horse Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Horse Center 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: $175,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,439,369
For more financial information, click here
Official website here: www.horsecenter.org
What is the mission statement of Virginia Horse Center Foundation?
The Virginia Horse Center Foundation's mission is to establish a world-class facility that hosts a variety of equestrian events. This unique and bucolic landmark aims to honor and celebrate the special bond between humans and horses through safe, fair, and spirited competitions. The facility, recognized by several national equine groups, including the United States Equestrian Federation, caters to a large geographical area, accommodating various horse breeds and disciplines for shows, clinics, and other events. With a 4,000-seat indoor coliseum and two large arenas, including an Olympic-level one, the center allows for a year-round event calendar. Additionally, it features cross-country courses, including those at the international FEI level, ensuring versatility and catering to a wide range of equestrian competitions.
Official website here: www.horsecenter.org
Who is the CEO of Virginia Horse Center Foundation?
Glenn T Petty is the Treasurer of Virginia Horse Center Foundation. The CEO's salary of Virginia Horse Center Foundation is $175,000 and their total compensation is $175,000.
Official website here: www.horsecenter.org
What is the revenue of Virginia Horse Center Foundation?
Virginia Horse Center Foundation's revenue in 2023 was $7,159,672.
Official website here: www.horsecenter.org
Who are the executives of Virginia Horse Center Foundation and what are their salaries?
The average compensation at Virginia Horse Center Foundation during 2023 was $29,352. There are 55 employees at Virginia Horse Center Foundation.
Here are 18 key members and their salaries (Virginia Horse Center Foundation's CEO's salary is $175,000 and their total compensation is $175,000):
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- Compensation: $175,000
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Official website here: www.horsecenter.org
Where can I find the form 990 for Virginia Horse Center Foundation?
Virginia Horse Center Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.horsecenter.org
Learn more at the official website: www.horsecenter.org
Mission Statement of Virginia Horse Center Foundation
The Virginia Horse Center Foundation, an esteemed organization, is dedicated to creating a world-class facility that hosts regional, national, and international equestrian events. Its mission is to honor and celebrate the timeless bond between humanity and horses through safe, fair, and spirited equestrian competition. This foundation serves as a unique and bucolic landmark, providing a state-of-the-art environment for horse shows and various events.
Spanning across 573 acres, the Virginia Horse Center accommodates 750 horses in permanent stabling, with the capacity to house approximately 1200 horses in both permanent and temporary stables. The proximity to a 4,000-seat indoor coliseum allows for an extensive event calendar, extending throughout the year. The center boasts two large arenas, one of which is Olympic level, and two cross-country courses, including FEI (International) level courses.
In essence, the Virginia Horse Center Foundation aims to provide a platform for hunter/jumpers, Arabians, thoroughbreds, and other breeds and disciplines to showcase their skills and passion for equestrian sports. By hosting a diverse range of shows and clinics, the foundation encourages competition, camaraderie, and appreciation for the special bond between humans and horses.
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Impact
July, 2024
The Virginia Horse Center Foundation's impact is evident through its role as a world-class facility hosting regional, national, and international equestrian events. By providing a premier venue for horse shows, clinics, and other events for various breeds and disciplines, such as hunter/jumpers, Arabians, Thoroughbreds, and more, the foundation serves competitors from a large geographical area. These shows are recognized by many national equine groups, including the United States Equestrian Federation, showcasing the center's commitment to excellence in the equestrian community. With state-of-the-art facilities spread across 573 acres, including permanent stabling for up to 750 horses and proximity to a 4,000 seat indoor coliseum, the Virginia Horse Center Foundation plays a vital role in promoting safe, fair, and spirited equestrian competition year-round.
This information is meant to be a general summary of Virginia Horse Center 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 2023.
- Investment Income: $7,811
- Program Service Revenue: $4,066,919
- Gross Receipts: $7,623,790
Assets and Liabilities:
- Total Assets: $22,132,207
- Total Liabilities: $10,857,828
- Net Assets: $11,274,379
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENTS, SHOWS, AND FAC
Revenue
$4,066,919
Organization Details
Founding Year
1984
Phone
(540) 464-2950Principal Officer
Glenn T Petty
Main Address
487 MAURY RIVER ROAD, LEXINGTON, VA, 24450
Website
www.horsecenter.orgNTEE Category
Code: N69I - Recreation
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