Overview
What is Virginia Harness Horse Association?
The Virginia Harness Horse Association is a nonprofit organization, based in Saluda, Virginia (ZIP code 23149), dedicated to supporting and promoting the harness racing industry in the state. They administer the Virginia Breeders Fund for Standardbred horses, distributing awards and incentives to breeders of Virginia-bred Standardbreds. This fund, managed by the Virginia Racing Commission, a state agency, aims to encourage and promote the breeding of Standardbred horses in Virginia. The association actively works to promote harness racing in Virginia and advocates for the breeding of Virginia-bred Standardbreds, contributing to the growth and development of this industry within the state. With a small team of one dedicated individual, they are committed to their mission.
Official website here: www.vhha.net
Is Virginia Harness Horse Association legitimate?
Virginia Harness Horse Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Virginia Harness Horse 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: $50,000
For more financial information, click here
Official website here: www.vhha.net
What is the mission statement of Virginia Harness Horse Association?
The Virginia Harness Horse Association works towards promoting the harness racing industry in Virginia. This is achieved by both advocating for harness racing within the state and encouraging the breeding of Standardbred horses that are bred in Virginia. The association administers the Virginia Breeders Fund for Standardbred horses, distributing awards and incentives to breeders of Virginia-bred Standardbreds. The Virginia Racing Commission, a state agency, uses the Breeders Fund to encourage and promote the breeding of Standardbred horses in Virginia. Breeders can participate in the Breeders Fund without being a member of the association.
Official website here: www.vhha.net
Who is the CEO of Virginia Harness Horse Association?
Debbie Warnick is the President of Virginia Harness Horse Association.
Official website here: www.vhha.net
What is the revenue of Virginia Harness Horse Association?
Virginia Harness Horse Association's revenue in 2022 was $2,940,973.
Official website here: www.vhha.net
Who are the executives of Virginia Harness Horse Association and what are their salaries?
The average compensation at Virginia Harness Horse Association during 2022 was $50,000. There is 1 employee at Virginia Harness Horse Association.
Here are 9 key members and their salaries:
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Official website here: www.vhha.net
Where can I find the form 990 for Virginia Harness Horse Association?
Virginia Harness Horse Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vhha.net
Learn more at the official website: www.vhha.net
Mission Statement of Virginia Harness Horse Association
The Virginia Harness Horse Association, as an organization, is committed to advancing the harness racing industry within Virginia. This is achieved through two primary objectives: promoting harness racing within the state and encouraging the breeding of Virginia-bred Standardbred horses. By doing so, the association aims to strengthen and grow the harness racing industry in Virginia.
In line with its mission, the Virginia Harness Horse Association administers the Virginia Breeders Fund for Standardbred horses. This fund provides awards and incentives to breeders of Virginia-bred Standardbred horses. The Virginia Racing Commission, a state agency, utilizes this Breeders Fund to encourage and promote the breeding of Standardbred horses in Virginia. This initiative not only supports the local breeders but also contributes to the overall growth and development of the harness racing industry in the state. It's worth noting that breeders are not required to be members of the association to participate in the Breeders Fund.
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Impact
October, 2024
The Virginia Harness Horse Association has a significant impact on the harness racing industry within the state. By promoting harness racing and supporting the breeding of Virginia-bred Standardbreds, the association plays a crucial role in maintaining and enhancing this traditional sport.
One of its key initiatives is the administration of the Virginia Breeders Fund, which provides awards and incentives to breeders of Virginia-bred Standardbreds. This fund is essential for encouraging participation in breeding, thus fostering a thriving equine industry in the region. The association collaborates with the Virginia Racing Commission, helping to shape policies that promote and sustain the breeding of Standardbred horses.
Through these efforts, the association not only supports breeders and horse owners but also contributes to the overall economic development and community improvement in Virginia. Its work helps to create jobs, stimulate local economies, and preserve the cultural heritage associated with harness racing. Overall, the Virginia Harness Horse Association is instrumental in driving growth and enthusiasm for harness racing throughout the state.
This information is meant to be a general summary of Virginia Harness Horse 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,778
- Program Service Revenue: $1,187,195
- Gross Receipts: $2,940,973
Assets and Liabilities:
- Total Assets: $3,012,066
- Total Liabilities: $547,041
- Net Assets: $2,465,025
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$1,058,409
BREEDERS FUND REG. FEE
Revenue
$122,461
MEMBERSHIP DUES
Revenue
$6,325
Organization Details
Founding Year
1996
Phone
(443) 463-0917Principal Officer
Debbie Warnick
Main Address
PO BOX 1603, SALUDA, VA, 23149
Website
www.vhha.netNTEE Category
Code: S41 - Community improvement
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