Virginia Gold Cup Association Inc

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

EIN: 540943990 ✦ Warrenton, VA ✦ Designated as a 501(c)(4)

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Overview

What is Virginia Gold Cup Association Inc?

Virginia Gold Cup Association Inc, established in 1923, is a nonprofit based in Warrenton, Virginia. Its primary mission is to stimulate interest and promote steeplechase racing in the state. The organization hosts two annual races in Fauquier County, providing an environment for social recreation, entertainment, and the enjoyment of steeplechase racing. The Association encourages sportsmanship and good fellowship among participants and is dedicated to maintaining a facility for holding these races. With a small team of one dedicated employee, Virginia Gold Cup Association Inc continues to uphold its commitment to promoting this traditional sport in Virginia.


Official website here: www.vagoldcup.com

What do the Facebook reviews say about Virginia Gold Cup Association Inc?

90% of 40 reviewers on Facebook recommend the Virginia Gold Cup Association Inc. Here is a summary of their reviews:

Many supporters express a strong appreciation for the organization's role in promoting horse racing and the excitement surrounding the Gold Cup event. The reviews highlight a sense of nostalgia, with some sharing personal connections to the event, including memorable wins from the past.

Overall, the sentiment reflects satisfaction with the association's commitment to quality events and community engagement, showing that this nonprofit effectively delivers on its promises and continues to be a cherished part of local traditions.


This AI summary has been generated from reviews found on Facebook.

Is Virginia Gold Cup Association Inc legitimate?

Virginia Gold Cup Association Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Virginia Gold Cup 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,488

For more financial information, click here


Official website here: www.vagoldcup.com

What is the mission statement of Virginia Gold Cup Association Inc?

The Virginia Gold Cup Association Inc was established with the aim to stimulate interest in and promote steeplechase racing. Its mission is to provide a setting for social recreation, allowing individuals to enjoy the entertainment of these races. The organization encourages sportsmanship and good fellowship among participants. Furthermore, the Virginia Gold Cup Association is dedicated to maintaining a facility for holding steeplechase races.


Official website here: www.vagoldcup.com

Who is the CEO of Virginia Gold Cup Association Inc?

Dr William Allison is the President of Virginia Gold Cup Association Inc.


Official website here: www.vagoldcup.com

What is the revenue of Virginia Gold Cup Association Inc?

Virginia Gold Cup Association Inc's revenue in 2022 was $2,013,976.


Official website here: www.vagoldcup.com

Who are the executives of Virginia Gold Cup Association Inc and what are their salaries?

The average compensation at Virginia Gold Cup Association Inc during 2022 was $59,488. There is 1 employee and 11 volunteers at Virginia Gold Cup Association Inc.


Here are 11 key members and their salaries:


William Allison (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alfred C Griffin (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
G Wayne Eastham (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marshall D Doeller (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey L Lehew (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Church Littleton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Hyson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ernest M Oare (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles H Seilheimer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Wallach (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Yovanovich (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.vagoldcup.com

Where can I find the form 990 for Virginia Gold Cup Association Inc?

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


Official website here: www.vagoldcup.com

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

Mission Statement of Virginia Gold Cup Association Inc

The Virginia Gold Cup Association Inc, established in 1923, is dedicated to stimulating interest in and promoting steeplechase racing in Virginia. This organization's mission goes beyond just organizing races; it aims to provide an engaging environment for social recreation. Observers are invited to enjoy the thrill and excitement of steeplechase racing, while participants are encouraged to uphold sportsmanship and foster good fellowship. The Virginia Gold Cup Association Inc also takes responsibility for maintaining a facility suitable for hosting these races, ensuring that the events are conducted smoothly and safely.

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Impact




October, 2024

The Virginia Gold Cup Association Inc significantly impacts the local community by organizing and promoting steeplechase races in Fauquier County, Virginia. This organization has played a vital role since its founding in 1923, stimulating interest in steeplechase racing and creating a vibrant social environment for spectators and participants alike.

By hosting two annual races, the association fosters a sense of community and camaraderie among attendees, promoting sportsmanship and fellowship through shared experiences. The events not only offer entertainment but also serve as a gathering point for families and friends, enhancing the social fabric of the area. Additionally, by maintaining a dedicated facility for these races, the association contributes to local tourism, drawing enthusiasts and visitors from outside the region, thus benefiting local businesses and the economy.

Overall, the Virginia Gold Cup Association Inc enriches the cultural landscape of Fauquier County by providing recreational opportunities that celebrate the tradition and excitement of steeplechase racing.




This information is meant to be a general summary of Virginia Gold Cup Association Inc. 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
$2,013,976 (2022)
Expenses
$1,758,043 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,413
  • Program Service Revenue: $2,099,291
  • Gross Receipts: $2,142,405

Assets and Liabilities:

  • Total Assets: $325,011
  • Total Liabilities: $154,381
  • Net Assets: $170,630

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Programs

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

VIRGINIA GOLD CUP - SP

Revenue

$1,345,351

INTERNATIONAL GOLD CUP

Revenue

$753,940

Organization Details

Founding Year

1923

Principal Officer

Dr William Allison

Main Address

PO BOX 840, WARRENTON, VA, 20188

NTEE Category

Code: N70 - Recreation

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