West Virginia Breeders Classics Ltd

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

EIN: 521515506 ✦ Charles town, WV ✦ Designated as a 501(c)(6)

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Overview

What is West Virginia Breeders Classics Ltd?

West Virginia Breeders Classics Ltd is a nonprofit organization located in Charles Town, West Virginia. Their primary mission is to promote awareness and support for the West Virginia thoroughbred industry at both regional and local levels. They achieve this through various events, such as an annual racing event, an industry gala, and a golf tournament. As a trade association, their focus is on promoting thoroughbred breeding and racing in the state of West Virginia. The organization is led by a small team of two dedicated individuals.


Official website here: www.wvbc.com

Is West Virginia Breeders Classics Ltd legitimate?

West Virginia Breeders Classics Ltd is a legitimate nonprofit organization registered as a 501(c)(6) entity. West Virginia Breeders Classics Ltd 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: $85,045
Professional Fundraising Fees: $0
Other Salaries and Wages: $58,704

For more financial information, click here


Official website here: www.wvbc.com

What is the mission statement of West Virginia Breeders Classics Ltd?

West Virginia Breeders Classics Ltd, as a trade association, is dedicated to promoting West Virginia thoroughbred breeding and racing. Their mission is accomplished through various events, including an annual racing event and other promotional activities. One of their primary objectives is to raise awareness of the West Virginia thoroughbred industry at both regional and local levels. They achieve this by organizing events such as an industry gala and a golf tournament. The association's main goal is to support and strengthen the thoroughbred breeding and racing sector in West Virginia.


Official website here: www.wvbc.com

Who is the CEO of West Virginia Breeders Classics Ltd?

Carol Holden is the President of West Virginia Breeders Classics Ltd.


Official website here: www.wvbc.com

What is the revenue of West Virginia Breeders Classics Ltd?

West Virginia Breeders Classics Ltd's revenue in 2023 was $414,592.


Official website here: www.wvbc.com

Who are the executives of West Virginia Breeders Classics Ltd and what are their salaries?

The average compensation at West Virginia Breeders Classics Ltd during 2023 was $71,874. There are 2 employees at West Virginia Breeders Classics Ltd.


Here are 21 key members and their salaries:


Carol A Holden (President)
  • Compensation: $78,845
  • Related: $0
  • Other: $0
Charlie Mcintosh (Director)
  • Compensation: $150
  • Related: $0
  • Other: $0
Cynthia Mckee (Director)
  • Compensation: $150
  • Related: $0
  • Other: $0
Debbie Mcclure (Director)
  • Compensation: $150
  • Related: $0
  • Other: $0
Doug Allara (Director)
  • Compensation: $150
  • Related: $0
  • Other: $0
Edward Dockeney (Director)
  • Compensation: $100
  • Related: $0
  • Other: $0
Georgiana Pardo (Director)
  • Compensation: $100
  • Related: $0
  • Other: $0
Erich Zimny (Secretary)
  • Compensation: $50
  • Related: $0
  • Other: $0
James Miller (Director)
  • Compensation: $50
  • Related: $0
  • Other: $0
Jerry Olsen (Director)
  • Compensation: $150
  • Related: $0
  • Other: $0
John Mckee (Director)
  • Compensation: $100
  • Related: $0
  • Other: $0
Dr Keith Berkeley (Director)
  • Compensation: $100
  • Related: $0
  • Other: $0
Mary Via (Director)
  • Compensation: $100
  • Related: $0
  • Other: $0
Paul Espinosa Jr (Director)
  • Compensation: $100
  • Related: $0
  • Other: $0
Ron Marcus (Director)
  • Compensation: $50
  • Related: $0
  • Other: $0
Richard Moore (Vice President)
  • Compensation: $150
  • Related: $0
  • Other: $0
Scott Saunders (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William H Chesley (Treasurer)
  • Compensation: $150
  • Related: $0
  • Other: $0
Dominick Fargo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Funkhouser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Huff (Chairman Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wvbc.com

Where can I find the form 990 for West Virginia Breeders Classics Ltd?

West Virginia Breeders Classics Ltd's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.wvbc.com

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

Mission Statement of West Virginia Breeders Classics Ltd

West Virginia Breeders Classics Ltd, as a trade association, is dedicated to fostering the growth and recognition of West Virginia's thoroughbred breeding and racing industry. Its mission is multifaceted, encompassing the promotion of this sector at both regional and local levels. This is achieved through various events, including an annual racing event and industry gala, as well as a golf tournament. By organizing these events, West Virginia Breeders Classics Ltd seeks to raise awareness and generate interest in the West Virginia thoroughbred industry, ultimately contributing to its continued development and success.

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Impact




October, 2024

West Virginia Breeders Classics Ltd plays a crucial role in promoting the state's thoroughbred breeding and racing industry. By raising awareness at both the regional and local levels, it enhances the visibility and vibrancy of the thoroughbred sector in West Virginia. The organization hosts significant events such as an industry gala, a golf tournament, and an annual racing event, which foster community engagement and attract participants and spectators alike. These activities not only celebrate the culture and heritage of horse racing in West Virginia but also contribute to the local economy through tourism and related business opportunities. Overall, West Virginia Breeders Classics Ltd helps to elevate the profile of the thoroughbred industry within the state, creating a ripple effect that benefits various stakeholders involved in the breeding and racing ecosystem.




This information is meant to be a general summary of West Virginia Breeders Classics Ltd. 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
$414,592 (2023)
Expenses
$365,962 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $8,027
  • Program Service Revenue: $406,565
  • Gross Receipts: $414,592

Assets and Liabilities:

  • Total Assets: $995,887
  • Total Liabilities: $566
  • Net Assets: $995,321

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Programs

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

SPONSORSHIPS

Revenue

$213,983

MEMBERSHIP & DUES

Revenue

$139,507

OTHER PROMOTIONAL ACTI

Revenue

$53,075

Organization Details

Founding Year

1987

Principal Officer

Carol Holden

Main Address

PO BOX 1251, CHARLES TOWN, WV, 25414

NTEE Category

Code: N60 - Recreation

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