Civic Intelligence

Atlanta Steeplechase Inc

990 • Fiscal year 2014 • EIN 58-1925504

Oct 01, 2013 to Sep 30, 2014 • Filed on Mar 12, 2015

375 Pharr Road No 11430305

(404) 237-7436

Siviq Scores

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

Liabilities / Assets

60th percentile

0.20x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

37th percentile

0.06x

Higher debt load relative to revenue than 37% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

45th percentile

1.3%

Higher net margin than 45% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

5th percentile

-23%

Faster asset growth than 5% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$293,443

Down $86,930 (-23%) from 2013

Net Assets

Up

$234,701

Up $12,904 (+5.8%) from 2013

Liabilities

Down

$58,742

Down $99,834 (-63%) from 2013

Revenue

$1,024,748

No earlier filing loaded for comparison.

Expenses

Down

$1,011,845

Down $24,893 (-2.4%) from 2013

Net Income

$12,903

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2010: $707,303Liabilities 2010: $361,300Net Assets 2010: $346,0032010Assets 2011: $587,259Liabilities 2011: $310,349Net Assets 2011: $276,9102011Assets 2012: $490,823Liabilities 2012: $240,166Net Assets 2012: $250,6572012Assets 2013: $380,373Liabilities 2013: $158,576Net Assets 2013: $221,7972013Assets 2014: $293,443Liabilities 2014: $58,742Net Assets 2014: $234,7012014Assets 2015: $188,535Liabilities 2015: $58,995Net Assets 2015: $129,5402015Assets 2016: $90,508Liabilities 2016: $93,320Net Assets 2016: -$2,8122016Assets 2017: $27,817Liabilities 2017: $0Net Assets 2017: $27,8172017Assets 2018: $19,175Liabilities 2018: $0Net Assets 2018: $19,1752018Assets 2019: $18,032Liabilities 2019: $0Net Assets 2019: $18,0322019

Highlighted filing

2014

Assets$293,443
Liabilities$58,742
Net Assets$234,701

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $932,1632010Expenses 2011: $1,013,9982011Expenses 2012: $889,8952012Expenses 2013: $1,036,7382013Revenue 2014: $1,024,748Expenses 2014: $1,011,845Net Income 2014: $12,9032014Revenue 2015: $1,043,755Expenses 2015: $1,148,914Net Income 2015: -$105,1592015Revenue 2016: $934,107Expenses 2016: $1,066,459Net Income 2016: -$132,3522016Revenue 2017: $628,714Expenses 2017: $598,085Net Income 2017: $30,6292017Revenue 2018: $5,507Expenses 2018: $14,144Net Income 2018: -$8,6372018Revenue 2019: $0Expenses 2019: $1,143Net Income 2019: -$1,1432019

Highlighted filing

2014

Revenue$1,024,748
Expenses$1,011,845
Net Income$12,903
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Mar 12, 2015
Return Version
2013v4.0
Gross Receipts
$1,029,602
Mission and Program Overview

Mission

The atlanta steeplechase operates for the benefit of several 501(c)(3) organizations

Provide the general public with one full day of steeplechase horse racing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$340,334$250,166▼ $90,168
Cash and Non-Interest-Bearing Accounts$37,601$36,744▼ $857
Inventories for Sale or Use$1,438$3,424▲ $1,986
Accounts Receivable$1,000$3,109▲ $2,109
Total Assets$380,373$293,443▼ $86,930
Liabilities
Other Liabilities$95,700$54,353▼ $41,347
Mortgage Notes Payable Secured by Investment Property$40,907$0▼ $40,907
Accounts Payable and Accrued Expenses$21,969$4,389▼ $17,580
Total Liabilities$158,576$58,742▼ $99,834
Net Assets / Fund Balance
Unrestricted Net Assets$221,797$234,701▲ $12,904
Total Net Assets Fund Balance$221,797$234,701▲ $12,904
Total Liabilities and Net Assets / Fund Balance$380,373$293,443▼ $86,930

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$235,523$1,895,874$2,131,397
Equipment$14,643$95,574$110,217
Compensation and Service Providers

Board Members and Trustees

NameTitle
George Chase JrChairman
Carl DanburyBoard Member
Doc KiblerBoard Member
Ellen ArcherBoard Member
Gene VanceBoard Member
Jack ReevesBoard Member
Jim WaytBoard Member
Larry SellersBoard Member
Nicolas BoukaertBoard Member
Richard GilmoreBoard Member
Ryan CurryBoard Member
Shane LyleBoard Member
Spencer SmithBoard Member
Stan BouckaertBoard Member
Steve R AdamsBoard Member
Terry GrahamBoard Member
Tina BrushBoard Member
Todd ServickBoard Member
H Michael DeverSecretary
John Wayt IiiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$594,312
Program Service Revenue
$415,351
Investment Income
$2
Other Revenue
$15,083
All Other Contributions
$594,312
Change in Net Assets
$12,903

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table5$272,000Fair Market Value
Other Non Cash Contri Table8$60,950Fair Market Value
Other Non Cash Contri Table10$43,650Fair Market Value
Other Non Cash Contri Table1$5,200Fair Market Value
Other Non Cash Contri Table1$3,793Fair Market Value
Other Non Cash Contri Table2$3,000Fair Market Value
Total Noncash Contributions27$388,593-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,011,845
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$272,000$80,796-$352,796
All Other Expenses$84,758$35,480-$120,238
Depreciation Depletion$104,768--$104,768
Fees for Services Other$78,275$19,938-$98,213
Other Expenses$59,255--$59,255
Insurance$13,083$6,508-$19,591
Occupancy-$7,081-$7,081
Fees for Services Accounting-$5,756-$5,756
Interest$1,047--$1,047
Travel$868--$868
Total Functional Expenses$856,286$155,559$0$1,011,845
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Course Rent Payable$44,353
Deferred Revenue$10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Four members of the board of directors are brothers

Form 990, Part VI, Section B, Line 11

The executive committee reviews the form 990 before filing it.

Form 990, Part VI, Section B, Line 12C

Each member of the board of directors is required to sign the conflict of interest policy requiring them to disclose to the chairman of the board and the treasurer any conflicts of interest. Conflicts of interest are reviewed annually by the board.

Form 990, Part VI, Section B, Line 15

Compensation of the executive director & key employees is determined annually by the executive committee of the board of directors. As of january 1, 2011, the atlanta steeplechase, inc. Contracts for the executive director position. No director or officer of the organization is allowed to receive compensation for their time spent on behalf of the organization.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

EIN
58-1925504
Phone
4042377436

Signing Officer

Name
John Wayt
Title
Treasurer
Phone
4042377436
Signed
2015-03-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George E Chase Jr
Formed
1990
Legal Domicile
Ga
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
0

Preparer

Preparer
Ari Del Aguila CPA
Phone
7708048044
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Traffic & security: program service expenses 37,332. Management and general expenses 0. Fundraising expenses 0. Total expenses 37,332. Course maintenance: program service expenses 0. Management and general expenses 25,199. Fundraising expenses 0. Total expenses 25,199. Printing: program service expenses 15,911. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,911. Contributions: program service expenses 10,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,000. Miscellaneous: program service expenses 6,516. Management and general expenses 2,334. Fundraising expenses 0. Total expenses 8,850. Entertainment: program service expenses 8,259. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,259. Bank charges: program service expenses 0. Management and general expenses 7,947. Fundraising expenses 0. Total expenses 7,947. Dues: program service expenses 3,722. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,722. Postage: program service expenses 3,018. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,018.

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IRS990/InventoriesForSaleOrUseGrp/EOYAmt03424
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01991448
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0340334
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0250166
IRS990/LandBldgEquipCostOrOtherBssAmt02241614
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PURPOSE OF THE ATLANTA STEEPLECHASE, INC., A CHARITABLE ORGANIZATION, IS TO MAXIMIZE THE ANNUAL CONTRIBUTION TO ITS DESIGNATED CHARITY BY STAGING A TOP QUALITY EVENT. WE WILL STRIVE TO CREATE THE FINEST RACING VENUE AND PROVIDE FAMILIES, CORPORATE SPONSORS, AND GUESTS AN ENTERTAINING AND SAFE DAY OF STEEPLECHASE RACING BY ATTRACTING THE TOP HORSES, OWNERS, TRAINERS, AND RIDERS WITH MAXIMUM PURSES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt040907
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0221797
IRS990/NetAssetsOrFundBalancesEOYAmt0234701
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt03479
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt03479
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0388593
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt07081
IRS990/OccupancyGrp/TotalAmt07081
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0EVENT PURSES
IRS990/OtherExpensesGrp/Desc1EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc2CATERING
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/ProgramServicesAmt098100
IRS990/OtherExpensesGrp/ProgramServicesAmt173793
IRS990/OtherExpensesGrp/ProgramServicesAmt270339
IRS990/OtherExpensesGrp/ProgramServicesAmt359255
IRS990/OtherExpensesGrp/TotalAmt098100
IRS990/OtherExpensesGrp/TotalAmt173793
IRS990/OtherExpensesGrp/TotalAmt270339
IRS990/OtherExpensesGrp/TotalAmt359255
IRS990/OtherLiabilitiesGrp/BOYAmt095700
IRS990/OtherLiabilitiesGrp/EOYAmt054353
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/BusinessCd1999999
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1PROGRAM AND AD SALES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06644
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt14960
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06644
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt14960
IRS990/OtherRevenueTotalAmt011604
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GEORGE E CHASE JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/BusinessCd2711300
IRS990/ProgramServiceRevenueGrp/Desc0GENERAL TICKET SALES
IRS990/ProgramServiceRevenueGrp/Desc1TENT PARTIES
IRS990/ProgramServiceRevenueGrp/Desc2ANCILLARY EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0281211
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1116686
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217454
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0281211
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1116686
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217454
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0548029
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016
IRS990/PYOtherExpensesAmt01036738
IRS990/PYOtherRevenueAmt013963
IRS990/PYProgramServiceRevenueAmt0413612
IRS990/PYRevenuesLessExpensesAmt0-61118
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01036738
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0975620
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt012903
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0430436
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0205719
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0163329
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0165961
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0207871
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0194149
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0937029
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt029
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt029
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt090
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0166
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0415351
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0413612
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0393368
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0338727
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0421813
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01982871
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt029
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt029
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0166
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt011604
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt012155
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt09561
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02660
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0748
IRS990ScheduleA/OtherIncome509Grp/TotalAmt036728
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98750
IRS990ScheduleA/PublicSupportPY509Pct00.99090
IRS990ScheduleA/PublicSupportTotal509Amt02919900
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0621070
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0576941
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0559329
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0546598
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0615962
IRS990ScheduleA/Total509Grp/TotalAmt02919900
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0632676
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0589112
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0568919
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0549287
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0616800

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