Civic Intelligence

Virginia Gold Cup Association Inc

EIN 54-0943990 • 501(c)4 • Warrenton, VA

View Organization Page

Profile

The virginia gold cup association was organized in 1922 to stimulate interest in and to promote steeplechase racing in virginia. The association strives to provide an environment for social recreation, where observers can enjoy the entertainment of steeplechase racing. Vgca encourages sportsmanship and good fellowship among those persons participating in the sport. Furthermore, the association is dedicated to maintaining a facility for holding steeplechase races.

PO Box 840Warrenton, VA 20188

www.vagoldcup.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.33x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.13x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

23rd percentile

-5.7%

Higher net margin than 23% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

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

501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

13th percentile

-12%

Faster asset growth than 13% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

5.5%

Faster revenue growth than 44% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$212,049

Down $29,823 (-12%) from 2023

Liabilities

Up

$281,288

Up $90,638 (+48%) from 2023

Net Assets

Down

-$69,239

Down $120,461 (-235%) from 2023

Operations
Liabilities / Revenue60th percentileNet Margin23rd percentile

Revenue

Up

$2,216,532

Up $114,817 (+5.5%) from 2023

Expenses

Up

$2,342,100

Up $114,948 (+5.2%) from 2023

Net Income

Down

-$125,568

Down $131 (-0.1%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth13th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200K-$400KAssets 2011: $228,782Liabilities 2011: $15,764Net Assets 2011: $213,0182011Assets 2012: $340,111Liabilities 2012: $29,575Net Assets 2012: $310,5362012Assets 2013: $359,574Liabilities 2013: $53,996Net Assets 2013: $305,5782013Assets 2014: $364,866Liabilities 2014: $55,592Net Assets 2014: $309,2742014Assets 2015: $418,251Liabilities 2015: $210,850Net Assets 2015: $207,4012015Assets 2016: $328,125Liabilities 2016: $207,791Net Assets 2016: $120,3342016Assets 2017: $326,616Liabilities 2017: $214,251Net Assets 2017: $112,3652017Assets 2018: $186,869Liabilities 2018: $242,385Net Assets 2018: -$55,5162018Assets 2019: $210,672Liabilities 2019: $228,617Net Assets 2019: -$17,9452019Assets 2020: $154,766Liabilities 2020: $369,585Net Assets 2020: -$214,8192020Assets 2021: $148,262Liabilities 2021: $230,205Net Assets 2021: -$81,9432021Assets 2022: $325,011Liabilities 2022: $154,381Net Assets 2022: $170,6302022Assets 2023: $241,872Liabilities 2023: $190,650Net Assets 2023: $51,2222023Assets 2024: $212,049Liabilities 2024: $281,288Net Assets 2024: -$69,2392024

Highlighted filing

2024

Assets$212,049
Liabilities$281,288
Net Assets-$69,239
Open 2024 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,314,9522011Expenses 2012: $1,560,9552012Revenue 2013: $1,658,151Expenses 2013: $1,657,993Net Income 2013: $1582013Revenue 2014: $1,952,679Expenses 2014: $1,907,994Net Income 2014: $44,6852014Revenue 2015: $2,165,317Expenses 2015: $2,316,469Net Income 2015: -$151,1522015Revenue 2016: $2,375,295Expenses 2016: $2,456,729Net Income 2016: -$81,4342016Revenue 2017: $2,344,744Expenses 2017: $2,350,829Net Income 2017: -$6,0852017Revenue 2018: $2,121,981Expenses 2018: $2,282,956Net Income 2018: -$160,9752018Revenue 2019: $2,341,572Expenses 2019: $2,305,251Net Income 2019: $36,3212019Revenue 2020: $598,844Expenses 2020: $785,740Net Income 2020: -$186,8962020Revenue 2021: $1,262,964Expenses 2021: $1,150,121Net Income 2021: $112,8432021Revenue 2022: $2,013,976Expenses 2022: $1,758,043Net Income 2022: $255,9332022Revenue 2023: $2,101,715Expenses 2023: $2,227,152Net Income 2023: -$125,4372023Revenue 2024: $2,216,532Expenses 2024: $2,342,100Net Income 2024: -$125,5682024

Highlighted filing

2024

Revenue$2,216,532
Expenses$2,342,100
Net Income-$125,568
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$212,049
Liabilities
$281,288
Net assets
-$69,239
Revenue
$2,216,532
Expenses
$2,342,100
Net income
-$125,568
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.28$0.07$2.22$2.34$0.13
2023Summary only. Only limited summary data is available for this year.$0.24$0.19$0.05$2.10$2.23$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.15$0.17$2.01$1.76$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.15$0.23$0.08$1.26$1.15$0.11
2020Summary only. Only limited summary data is available for this year.$0.15$0.37$0.21$0.60$0.79$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.23$0.02$2.34$2.31$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.24$0.06$2.12$2.28$0.16
2017Summary only. Only limited summary data is available for this year.$0.33$0.21$0.11$2.34$2.35$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.21$0.12$2.38$2.46$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.21$0.21$2.17$2.32$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.06$0.31$1.95$1.91$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.36$0.05$0.31$1.66$1.66$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.03$0.31$1.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.02$0.21$1.31
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$2,142,405
Mission and Program Overview

Mission

The virginia gold cup association was organized in 1923 to stimulate interest in and to promote steeplechase racing in virginia. The association strives to provide an environment for social recreation, where observers can enjoy the entertainment of steeplechase racing. Vgca encourages sportsmanship and good fellowship among those persons participating in the sport. Furthermore, the association is dedicated to maintaining a facility for holding steeplechase races.

To organize and promote steeplechase races in fauquier county, virginia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,257$183,396▲ $176,139
Investments in Publicly Traded Securities$74,232$70,870▼ $3,362
Savings and Temporary Cash Investments$51,517$52,931▲ $1,414
Accounts Receivable$9,515$12,750▲ $3,235
Inventories for Sale or Use$2,845$2,845→ $0
Land, Buildings, and Equipment, Net$2,896$2,219▼ $677
Total Assets$148,262$325,011▲ $176,749
Liabilities
Mortgage Notes Payable Secured by Investment Property$150,000$150,000→ $0
Accounts Payable and Accrued Expenses$4,815$3,444▼ $1,371
Deferred Revenue$75,390$937▼ $74,453
Total Liabilities$230,205$154,381▼ $75,824
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-81,943$170,630▲ $252,573
Total Net Assets Fund Balance$-81,943$170,630▲ $252,573
Total Liabilities and Net Assets / Fund Balance$148,262$325,011▲ $176,749

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$167$19,484$19,651
Equipment$2,052$15,232$17,284
Compensation and Service Providers
Top Officer Pay63rd percentile

Board Members and Trustees

NameTitle
William AllisonPresident
Alfred C GriffinVice President
Charles H SeilheimerBoard Member
Don YovanovichBoard Member
Ernest M OareBoard Member
Jeffrey L LehewBoard Member
Margaret Church LittletonBoard Member
Mark HysonBoard Member
Richard WallachBoard Member
Marshall D DoellerSecretary
G Wayne EasthamTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,099,291
Investment Income
$1,413
Other Revenue
$-86,728
Change in Net Assets
$255,933
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,687,978
Salaries, Compensation, and Employee Benefits$64,065
Grants and Similar Amounts Paid$6,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$59,488-$59,488
Insurance-$37,436-$37,436
Other Expenses$29,326--$29,326
Office Expenses-$18,121-$18,121
Fees for Services Accounting-$14,510-$14,510
All Other Expenses-$11,072-$11,072
Grants to Domestic Orgs$6,000--$6,000
Payroll Taxes-$4,577-$4,577
Occupancy-$4,542-$4,542
Conferences and Meetings-$2,807-$2,807
Information Technology-$2,598-$2,598
Depreciation Depletion-$1,417-$1,417
Fees for Services Legal-$1,175-$1,175
Travel-$130-$130
Total Functional Expenses$1,600,170$157,873$0$1,758,043
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Virginia Point to Point FoundationUpperville, VA501(c)(3)General Support$6,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Direct Expenses$128,429
Gaming Gross Income$30,593
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Membership. One automatically becomes a member by purchasing a ticket to one of the races. At the time of ticket purchase the buyer is placed on the mailing list. There are no annual dues for members.”

Form 990, Part VI, Section A, Line 7A

“Board members and directors are elected at the corporation's annual meeting held in march.”

Form 990, Part VI, Section A, Line 7B

“The actions of the governing board are subject to approval by the board of directors. The board of directors approves compensation for the executive director and elects officers of the organization.”

Form 990, Part VI, Section B, Line 11B

“To date there has not been a formal policy to review form 990 prior to filing. The 990 is prepared by the association's independent cpa from the same information that is used to prepare compiled financial statements. The compiled financial statements are reviewed at a board meeting which is open to all individuals associated with the virginia gold cup association, inc.”

Form 990, Part VI, Section B, Line 15B

“Officers and board members do not receive compensation of any kind. Staff salaries are determined by the president in consultation with the finance committee based on job responsibilities and current market conditions.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, financial statements, and form 990 available for inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Virginia Gold Cup Association Inc
EIN
54-0943990
Phone
5403472612
Address
PO BOX 840, WARRENTON, VA 20188

Signing Officer

Name
Dr William Allison
Title
President
Phone
5403472612
Signed
2023-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr William Allison
Formed
1923
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
11

Preparer

Firm
Pbmares Llp
Address
560 BROADVIEW AVE SUITE 100, WARRENTON, VA 20186
Preparer
Jon-michael Rosch
Phone
5403474970
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The association is exempt from federal income taxes under section 501 (c) (4) of the internal revenue code. The association has adopted the provisions of accounting for uncertainty in income tax positions as required by the income taxes topic of the financial accounting standards board (fasb) accounting standards codification(asc); however, management does not believe it is exposed to any such positions as they are defined in this guidance. The association files form 990, return of organization exempt from income tax, annually with the united states department of treasury. Such returns are subject to examination by taxing authorities, generally for a period of three years from the date the returns are filed.”

Raw XML AppendixShowing 400 of 447 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.

Path#Value
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04815
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03444
IRS990/AccountsReceivableGrp/BOYAmt09515
IRS990/AccountsReceivableGrp/EOYAmt012750
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ORGANIZE AND PROMOTE STEEPLECHASE RACES IN FAUQUIER COUNTY, VIRGINIA.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt011072
IRS990/AllOtherExpensesGrp/TotalAmt011072
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum05403472612
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 840
IRS990/BooksInCareOfDetail/USAddress/CityNm0WARRENTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020188
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt07257
IRS990/CashNonInterestBearingGrp/EOYAmt0183396
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt02807
IRS990/ConferencesMeetingsGrp/TotalAmt02807
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt06000
IRS990/CYInvestmentIncomeAmt01413
IRS990/CYOtherExpensesAmt01687978
IRS990/CYOtherRevenueAmt0-86728
IRS990/CYProgramServiceRevenueAmt02099291
IRS990/CYRevenuesLessExpensesAmt0255933
IRS990/CYSalariesCompEmpBnftPaidAmt064065
IRS990/CYTotalExpensesAmt01758043
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02013976
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt075390
IRS990/DeferredRevenueGrp/EOYAmt0937
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01417
IRS990/DepreciationDepletionGrp/TotalAmt01417
IRS990/Desc0THE ASSOCIATION HISTORICALLY ORGANIZES AND PROMOTES TWO ANNUAL STEEPLECHASE RACES IN FAUQUIER COUNTY, VIRGINIA.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01594170
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt014510
IRS990/FeesForServicesAccountingGrp/TotalAmt014510
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01175
IRS990/FeesForServicesLegalGrp/TotalAmt01175
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt015.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.20
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM ALLISON
IRS990/Form990PartVIISectionAGrp/PersonNm1ALFRED C GRIFFIN
IRS990/Form990PartVIISectionAGrp/PersonNm2G WAYNE EASTHAM
IRS990/Form990PartVIISectionAGrp/PersonNm3MARSHALL D DOELLER
IRS990/Form990PartVIISectionAGrp/PersonNm4JEFFREY L LEHEW
IRS990/Form990PartVIISectionAGrp/PersonNm5MARGARET CHURCH LITTLETON
IRS990/Form990PartVIISectionAGrp/PersonNm6MARK HYSON
IRS990/Form990PartVIISectionAGrp/PersonNm7ERNEST M OARE
IRS990/Form990PartVIISectionAGrp/PersonNm8CHARLES H SEILHEIMER
IRS990/Form990PartVIISectionAGrp/PersonNm9RICHARD WALLACH
IRS990/Form990PartVIISectionAGrp/PersonNm10DON YOVANOVICH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01923
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01413
IRS990/GamingActivitiesInd01
IRS990/GamingDirectExpensesAmt0128429
IRS990/GamingGrossIncomeAmt030593
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt06000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt06000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01413
IRS990/GrossReceiptsAmt02142405
IRS990/GrossSalesOfInventoryAmt011108
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02598
IRS990/InformationTechnologyGrp/TotalAmt02598
IRS990/InsuranceGrp/ManagementAndGeneralAmt037436
IRS990/InsuranceGrp/TotalAmt037436
IRS990/InventoriesForSaleOrUseGrp/BOYAmt02845
IRS990/InventoriesForSaleOrUseGrp/EOYAmt02845
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt074232
IRS990/InvestmentsPubTradedSecGrp/EOYAmt070870
IRS990/IRPDocumentCnt042
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt034716
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02896
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02219
IRS990/LandBldgEquipCostOrOtherBssAmt036935
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE VIRGINIA GOLD CUP ASSOCIATION WAS ORGANIZED IN 1923 TO STIMULATE INTEREST IN AND TO PROMOTE STEEPLECHASE RACING IN VIRGINIA. THE ASSOCIATION STRIVES TO PROVIDE AN ENVIRONMENT FOR SOCIAL RECREATION, WHERE OBSERVERS CAN ENJOY THE ENTERTAINMENT OF STEEPLECHASE RACING. VGCA ENCOURAGES SPORTSMANSHIP AND GOOD FELLOWSHIP AMONG THOSE PERSONS PARTICIPATING IN THE SPORT. FURTHERMORE, THE ASSOCIATION IS DEDICATED TO MAINTAINING A FACILITY FOR HOLDING STEEPLECHASE RACES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0150000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0150000
IRS990/NetAssetsOrFundBalancesBOYAmt0-81943
IRS990/NetAssetsOrFundBalancesEOYAmt0170630
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01413
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01413
IRS990/NetIncomeFromGamingGrp/ExclusionAmt0-97836
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt0-97836
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt011108
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt011108
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-3360
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-81943
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0170630
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04542
IRS990/OccupancyGrp/TotalAmt04542
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018121
IRS990/OfficeExpensesGrp/TotalAmt018121
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DIRECT RACE EXPENSES
IRS990/OtherExpensesGrp/Desc1WINNINGS PAID
IRS990/OtherExpensesGrp/Desc2PROMOTIONS FOR RACES
IRS990/OtherExpensesGrp/Desc3OTHER RACE EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0881293
IRS990/OtherExpensesGrp/ProgramServicesAmt1627900
IRS990/OtherExpensesGrp/ProgramServicesAmt255651
IRS990/OtherExpensesGrp/ProgramServicesAmt329326
IRS990/OtherExpensesGrp/TotalAmt0881293
IRS990/OtherExpensesGrp/TotalAmt1627900
IRS990/OtherExpensesGrp/TotalAmt255651
IRS990/OtherExpensesGrp/TotalAmt329326
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt059488
IRS990/OtherSalariesAndWagesGrp/TotalAmt059488
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04577
IRS990/PayrollTaxesGrp/TotalAmt04577
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DR WILLIAM ALLISON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711210
IRS990/ProgramServiceRevenueGrp/BusinessCd1711210
IRS990/ProgramServiceRevenueGrp/Desc0VIRGINIA GOLD CUP - SP
IRS990/ProgramServiceRevenueGrp/Desc1INTERNATIONAL GOLD CUP
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01345351
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1753940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01345351
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1753940
IRS990/ProgSrvcAccomActy2Grp/Desc0CONTRIBUTIONS TO LOCAL NON-PROFIT ORGANIZATIONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt06000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt06000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt012200
IRS990/PYInvestmentIncomeAmt0-19892
IRS990/PYOtherExpensesAmt01078560
IRS990/PYOtherRevenueAmt0-40835
IRS990/PYProgramServiceRevenueAmt01323691
IRS990/PYRevenuesLessExpensesAmt0112843
IRS990/PYSalariesCompEmpBnftPaidAmt059361
IRS990/PYTotalExpensesAmt01150121
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01262964
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0255933
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02110399
IRS990/SavingsAndTempCashInvstGrp/BOYAmt051517
IRS990/SavingsAndTempCashInvstGrp/EOYAmt052931
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02052
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015232
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017284
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0167
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019484
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019651
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C) (4) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION HAS ADOPTED THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS AS REQUIRED BY THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION(ASC); HOWEVER, MANAGEMENT DOES NOT BELIEVE IT IS EXPOSED TO ANY SUCH POSITIONS AS THEY ARE DEFINED IN THIS GUIDANCE. THE ASSOCIATION FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ANNUALLY WITH THE UNITED STATES DEPARTMENT OF TREASURY. SUCH RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02219
IRS990ScheduleG/CharitableDistributionRqrInd00
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd01
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt0128429
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt030593
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt030593
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt0-97836
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt0128429
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt0128429
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd00
IRS990ScheduleG/GamingManagerBusinessName/BusinessNameLine1Txt0UNITED TOTE
IRS990ScheduleG/GamingManagerCompensationAmt059488
IRS990ScheduleG/GamingManagerIsIndCntrctInd0X
IRS990ScheduleG/GamingManagerServicesProvTxt0EQUPIMENT AND STAFF TO RUN PARIMUTUEL WAGERING DURING FALL RACE. PARIMUTUEL WAGERING WAS NOT AVAILABLE AT THE SPRING RACE THIS YEAR.
IRS990ScheduleG/GamingOtherFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd01
IRS990ScheduleG/IndividualWithBooksNm0BARBARA SHANNON
IRS990ScheduleG/LicensedInd01
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0PO BOX 840
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0WARRENTON
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0VA
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd020188
IRS990ScheduleG/StatesWhereGamingConductedCd0VA
IRS990ScheduleG/ThirdPartyBusinessName/BusinessNameLine1Txt0UNITED TOTE
IRS990ScheduleG/ThirdPartyUSAddress/AddressLine1Txt0600 N HURTSBOURNE PKY SUITE 400
IRS990ScheduleG/ThirdPartyUSAddress/CityNm0LOUISVILLE
IRS990ScheduleG/ThirdPartyUSAddress/StateAbbreviationCd0KY
IRS990ScheduleG/ThirdPartyUSAddress/ZIPCd040222
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt06000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VIRGINIA POINT TO POINT FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0464531132
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt09308 PATRICK STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0UPPERVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd020184
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERSHIP. ONE AUTOMATICALLY BECOMES A MEMBER BY PURCHASING A TICKET TO ONE OF THE RACES. AT THE TIME OF TICKET PURCHASE THE BUYER IS PLACED ON THE MAILING LIST. THERE ARE NO ANNUAL DUES FOR MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS AND DIRECTORS ARE ELECTED AT THE CORPORATION'S ANNUAL MEETING HELD IN MARCH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ACTIONS OF THE GOVERNING BOARD ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS APPROVES COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ELECTS OFFICERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO DATE THERE HAS NOT BEEN A FORMAL POLICY TO REVIEW FORM 990 PRIOR TO FILING. THE 990 IS PREPARED BY THE ASSOCIATION'S INDEPENDENT CPA FROM THE SAME INFORMATION THAT IS USED TO PREPARE COMPILED FINANCIAL STATEMENTS. THE COMPILED FINANCIAL STATEMENTS ARE REVIEWED AT A BOARD MEETING WHICH IS OPEN TO ALL INDIVIDUALS ASSOCIATED WITH THE VIRGINIA GOLD CUP ASSOCIATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICERS AND BOARD MEMBERS DO NOT RECEIVE COMPENSATION OF ANY KIND. STAFF SALARIES ARE DETERMINED BY THE PRESIDENT IN CONSULTATION WITH THE FINANCE COMMITTEE BASED ON JOB RESPONSIBILITIES AND CURRENT MARKET CONDITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0148262
IRS990/TotalAssetsEOYAmt0325011
IRS990/TotalAssetsGrp/BOYAmt0148262
IRS990/TotalAssetsGrp/EOYAmt0325011
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0157873
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01600170
IRS990/TotalFunctionalExpensesGrp/TotalAmt01758043
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0230205
IRS990/TotalLiabilitiesEOYAmt0154381
IRS990/TotalLiabilitiesGrp/BOYAmt0230205
IRS990/TotalLiabilitiesGrp/EOYAmt0154381
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-81943
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0170630
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01600170
IRS990/TotalProgramServiceRevenueAmt02099291
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-96423
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02110399
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02013976
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0148262
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0325011
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0130

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