Civic Intelligence

Blue Ridge Valley Foundation Inc

990EZ • Fiscal year 2014 • EIN 01-0961365

Jan 01, 2014 to Dec 31, 2014 • Filed on May 06, 2015

Organization Profilewww.blueridgefallraces.com
202 W Boscawen StreetWinchester, VA 22601

(540) 931-9522

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

7.70x

Higher debt load relative to assets than 99% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

90th percentile

0.34x

Higher debt load relative to revenue than 90% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

33rd percentile

-3.1%

Higher net margin than 33% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

5th percentile

-67%

Faster asset growth than 5% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

25th percentile

-17%

Faster revenue growth than 25% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$2,218

Down $4,465 (-67%) from 2013

Net Assets

Down

-$14,862

Down $1,550 (-12%) from 2013

Liabilities

Down

$17,080

Down $2,915 (-15%) from 2013

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin33rd percentile

Revenue

Down

$49,767

Down $9,893 (-17%) from 2013

Expenses

Down

$51,317

Down $33,051 (-39%) from 2013

Net Income

Up

-$1,550

Up $23,158 (+94%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20K$10K$0-$10K-$20KAssets 2010: $5,571Liabilities 2010: $0Net Assets 2010: $5,5712010Assets 2011: $3,114Liabilities 2011: $0Net Assets 2011: $3,1142011Assets 2012: $11,396Liabilities 2012: $02012Assets 2013: $6,683Liabilities 2013: $19,995Net Assets 2013: -$13,3122013Assets 2014: $2,218Liabilities 2014: $17,080Net Assets 2014: -$14,8622014Assets 2015: $0Net Assets 2015: $02015

Highlighted filing

2014

Assets$2,218
Liabilities$17,080
Net Assets-$14,862
Open 2014 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2010: $83,314Expenses 2010: $77,743Net Income 2010: $5,5712010Revenue 2011: $97,716Expenses 2011: $100,173Net Income 2011: -$2,4572011Revenue 2012: $54,705Expenses 2012: $46,423Net Income 2012: $8,2822012Revenue 2013: $59,660Expenses 2013: $84,368Net Income 2013: -$24,7082013Revenue 2014: $49,767Expenses 2014: $51,317Net Income 2014: -$1,5502014Revenue 2015: $17,580Expenses 2015: $2,718Net Income 2015: $14,8622015

Highlighted filing

2014

Revenue$49,767
Expenses$51,317
Net Income-$1,550
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 6, 2015
Return Version
2014v5.0
Gross Receipts
$79,344
Mission and Program Overview

Mission

Blue Ridge Valley Foundation, Inc. will operate exclusively for educational purposes and to foster national amateur sports competition. Events conducted are centered on equestrian sports and are intended to bring together equestrian sports enthusiasts and other to enjoy the sport and activities ancillary there to. Blue Ridge Valley Foundation, Inc. may make distributions, when available, to organizations that qualify as exempt under 501(c)3.

Program Services

DescriptionGrantsExpenses
The Foundation conducts the Blue Ridge Fall races. The event consists of flat, timber, and hurdle horse races. The races include junior and senior amateur jockeys. The event also includes opportunities for the broader community to watch and learn about equestrian sports in an informal, congenial, and fun atmosphere.$26,803-
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard SmithPresident-$0--
Michael HoffmanSec. & Treas.-$0--
Melanie Marks HitchenDirector-$0--
Brian FerrellDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Belmont/Calcutta Event$34,136$34,136$12,205$21,931
Total Events$34,136$34,136$29,577$4,559
Filing and Contact Details

Filer

Filer Name
Blue Ridge Valley Foundation Inc
EIN
01-0961365
Phone
5409319522
Address
202 W Boscawen Street, Winchester, VA 22601

Signing Officer

Name
Melanie Marks Hitchen
Title
Director
Signed
2015-05-06
Discuss with paid preparer
Yes

Preparer

Firm
Kilmer & Associates CPA PC
Address
120 S Stewart Street, Winchester, VA 22601
Preparer
R Michael Kilmer CPA
Phone
5406789497
Supplemental Narrative

Additional Explanations

Other Expenses.1008

“Interest $926”

Other Expenses.1012

“Insurance $998”

Other Expenses.1

“Race Day Expenses $26803”

Other Expenses.2

“Credit Card Fees $1561”

Other Expenses.3

“Maintenance $991”

Other Expenses.4

“Dues & Subscriptions $600”

Total Liabilities.1007

“Secured Mortgages and Notes Payable - Beginning $19995 Secured Mortgages and Notes Payable - Ending $17080”

Raw XML Appendix179 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Brian Ferrell
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
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IRS990EZ/OtherExpensesTotalAmt031879
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Blue Ridge Valley Foundation, Inc. will operate exclusively for educational purposes and to foster national amateur sports competition. Events conducted are centered on equestrian sports and are intended to bring together equestrian sports enthusiasts and other to enjoy the sport and activities ancillary there to. Blue Ridge Valley Foundation, Inc. may make distributions, when available, to organizations that qualify as exempt under 501(c)3.
IRS990EZ/PrintingPublicationsPostageAmt0420
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt026803
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/TotalRevenueAmt049767
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Interest $926
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $998
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Race Day Expenses $26803
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Credit Card Fees $1561
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Maintenance $991
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Dues & Subscriptions $600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Secured Mortgages and Notes Payable - Beginning $19995 Secured Mortgages and Notes Payable - Ending $17080
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Total Liabilities.1007
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Melanie Marks Hitchen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Blue Ridge Valley Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0BLUE
ReturnHeader/Filer/EIN0010961365
ReturnHeader/Filer/PhoneNum05409319522
ReturnHeader/Filer/USAddress/AddressLine1Txt0202 W Boscawen Street
ReturnHeader/Filer/USAddress/CityNm0Winchester
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022601
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kilmer & Associates CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0120 S Stewart Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Winchester
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022601
ReturnHeader/PreparerPersonGrp/PhoneNum05406789497
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R Michael Kilmer CPA
ReturnHeader/ReturnTs02015-05-15T06:55:54-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,218
Liabilities
$17,080
Net assets
-$14,862
Revenue
$49,767
Expenses
$51,317
Net income
-$1,550
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.18$0.03$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.17$0.15$0.50$0.51$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.07$0.20$0.13$0.60$0.84$0.25
2012Summary only. Only limited summary data is available for this year.$0.11$0.00$0.55$0.46$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.00$0.03$0.98$1.00$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.00$0.06$0.83$0.78$0.06