Overview
What is Garth Road Preservation Inc?
Garth Road Preservation Inc, doing business as Save Foxfield Races, is a charitable organization situated in Charlottesville, Virginia. Their primary mission revolves around preserving open spaces and celebrating Virginia's steeplechase racing traditions. By participating in these activities, they aim to support local philanthropy. Some of their key strategic initiatives include establishing Foxfield Races as a premier national steeplechase event, ensuring race day safety and accessibility, investing in property infrastructure improvements, and enhancing sponsorship opportunities. Garth Road Preservation Inc has demonstrated its commitment to this cause through substantial donations to Camp Holiday Trails and Habitat for Humanity, and is actively engaged within the Foxfield community. The organization currently employs 4 individuals.
Official website here: www.foxfieldraces.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Stars
Garth Road Preservation Inc has received a rating of 77%, which translates to a Three-Star designation. This score indicates a solid level of accountability and financial management, as the overall rating is derived entirely from the Accountability & Finance beacon. The charity demonstrates strong governance practices, with 100% of its board members being independent and a commendable program expense ratio of 89.20%, suggesting that most of its funds are directed towards its mission.
While the organization excels in several areas, including having a conflict of interest policy and maintaining proper documentation of board meeting minutes, it does have a notable limitation. The absence of a whistleblower policy, which received a score of zero, indicates a potential area for improvement in terms of transparency and protection for individuals reporting concerns within the organization.
Overall, Garth Road Preservation Inc shows a commitment to responsible stewardship of its resources. However, implementing a whistleblower policy could enhance its governance framework and add an additional layer of accountability for stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Garth Road Preservation Inc legitimate?
Garth Road Preservation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Garth Road Preservation 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: $87,119
Professional Fundraising Fees: $0
Other Salaries and Wages: $94,650
For more financial information, click here
Official website here: www.foxfieldraces.com
What is the mission statement of Garth Road Preservation Inc?
Garth Road Preservation Inc's mission is centered around preserving open spaces and upholding the traditions of steeplechase racing in a particular locale. The organization leverages these activities to support charitable causes within their community. To fulfill this mission and elevate its position in the National Steeplechase Association, Garth Road Preservation Inc has prioritized several strategic initiatives. These include establishing Foxfield Races as a top-tier event, ensuring race day safety and accessibility, investing in property infrastructure improvements, and enhancing sponsorship opportunities through the creation of an enhanced experience.
Official website here: www.foxfieldraces.com
What is the revenue of Garth Road Preservation Inc?
Garth Road Preservation Inc's revenue in 2022 was $1,753,574.
Official website here: www.foxfieldraces.com
Who are the executives of Garth Road Preservation Inc and what are their salaries?
The average compensation at Garth Road Preservation Inc during 2022 was $45,442. There are 4 employees and 83 volunteers at Garth Road Preservation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $87,118
- Related: $0
- Other: $0
Official website here: www.foxfieldraces.com
Where can I find the form 990 for Garth Road Preservation Inc?
Garth Road Preservation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foxfieldraces.com
Learn more at the official website: www.foxfieldraces.com
Mission Statement of Garth Road Preservation Inc
Garth Road Preservation Inc, a dedicated organization, has a threefold mission. Its primary objective is to promote the preservation of open spaces and the countryside. This is achieved through the celebration of Virginia steeplechase racing, a tradition deeply rooted in the region. The second component of its mission is to utilize these functions to support benevolence within the community. Lastly, Garth Road Preservation Inc aims to establish Foxfield Races as one of the premier events in the National Steeplechase Association.
To fulfill this mission, the organization has prioritized several strategic initiatives. These include enhancing the Foxfield Races, making it a notable event within the National Steeplechase Association. Safety and accessibility are also crucial aspects, aiming to create a race day that is secure, welcoming, and community-oriented. The infrastructure of the organization is another focus, with investments being made in property improvements to ensure the event's success. Lastly, Garth Road Preservation Inc is expanding and improving sponsorship opportunities through the creation of a higher-level experience, thereby attracting more support for their noble cause.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Garth Road Preservation Inc's impact is evident through its commitment to fostering conservation of open space, celebrating the traditions of Virginia steeplechase racing, and supporting local philanthropy. By establishing and supporting long-term philanthropic partnerships, such as donating $53,000 to Camp Holiday Trails and $50,000 to Habitat for Humanity, the organization has helped spread their missions to the Foxfield community. Through strategic initiatives aimed at establishing the Foxfield Races as a premier event, ensuring safety on race day, investing in infrastructure improvements, and expanding sponsorship opportunities, Garth Road Preservation Inc plays a crucial role in promoting benevolence within its community.
This information is meant to be a general summary of Garth Road Preservation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $800
- Program Service Revenue: $1,114,459
- Gross Receipts: $1,782,407
Assets and Liabilities:
- Total Assets: $987,977
- Total Liabilities: $0
- Net Assets: $987,977
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET AND TENT SALES
Revenue
$931,939
SPONSORSHIPS
Revenue
$163,400
PROGRAMS & ADVERTISING
Revenue
$16,910
VENDOR INCOME
Revenue
$2,210
Organization Details
Founding Year
2017
Principal Officer
John G Macfarlane Iii
Website
www.foxfieldraces.comNTEE Category
Code: T30 - Philanthropy
If you are a representative of Garth Road Preservation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.