Civic Intelligence

Virginia Thoroughbred Project

EIN 84-3519034 • 501(c)3 • Montpelier Station, VA

Profile

Committed to excellence in the aftercare of thoroughbred racehorses.

11350 Constituion HwyMontpelier Station, VA 22957

virginiathoroughbredproject.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

60th percentile

7.5%

Higher net margin than 60% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

59th percentile

3.1%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

16th percentile

-51%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$419,863

Up $42,934 (+11%) from 2023

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

Up

$419,863

Up $42,934 (+11%) from 2023

Revenue

Up

$209,455

Up $44,548 (+27%) from 2023

Expenses

Up

$166,521

Up $13,909 (+9.1%) from 2023

Net Income

Up

$42,934

Up $30,639 (+249%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2020: $52,826Net Assets 2020: $52,8262020Assets 2021: $157,794Liabilities 2021: $28,050Net Assets 2021: $129,7442021Assets 2022: $365,704Liabilities 2022: $0Net Assets 2022: $365,7042022Assets 2023: $376,929Net Assets 2023: $376,9292023Assets 2024: $419,863Liabilities 2024: $0Net Assets 2024: $419,8632024

Highlighted filing

2024

Assets$419,863
Liabilities$0
Net Assets$419,863

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2020: $84,833Expenses 2020: $56,913Net Income 2020: $27,9202020Revenue 2021: $135,620Expenses 2021: $60,179Net Income 2021: $75,4412021Revenue 2022: $339,054Expenses 2022: $103,090Net Income 2022: $235,9642022Revenue 2023: $164,907Expenses 2023: $152,612Net Income 2023: $12,2952023Revenue 2024: $209,455Expenses 2024: $166,521Net Income 2024: $42,9342024

Highlighted filing

2024

Revenue$209,455
Expenses$166,521
Net Income$42,934

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 14, 2025
Return Version
2024v5.0
Gross Receipts
$209,455
Mission and Program Overview

Mission

Committed to excellence in the aftercare of thoroughbred racehorses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$363,989$412,161▲ $48,172
Land, Buildings, and Equipment, Net$10,583$7,202▼ $3,381
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$376,929$419,863▲ $42,934
Other Assets Total$2,357$500▼ $1,857
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$376,929$419,863▲ $42,934
Total Net Assets Fund Balance$376,929$419,863▲ $42,934
Total Liabilities and Net Assets / Fund Balance$376,929$419,863▲ $42,934

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,202$23,506$30,708
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$200,489
Program Service Revenue
$0
Investment Income
$4,667
Other Revenue
$4,299
All Other Contributions
$200,489
Change in Net Assets
$42,934
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$166,221
Grants and Similar Amounts Paid$300
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$33,000--$33,000
All Other Expenses$32,877$99-$32,976
Fees for Services Other$15,386--$15,386
Advertising$13,498--$13,498
Other Expenses$8,602--$8,602
Conferences and Meetings$8,165--$8,165
Insurance$3,868--$3,868
Depreciation Depletion$3,381--$3,381
Fees for Services Accounting$3,297--$3,297
Office Expenses-$606-$606
Grants to Domestic Orgs$300--$300
Total Functional Expenses$165,816$705$0$166,521
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,299
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A copy is sent to the board to review prior to filing.

Form 990, Part VI, Section C, Line 19

Available upon request.

Filing and Contact Details

Filer

Filer Name
Virginia Thoroughbred Project
EIN
84-3519034
Phone
4344092046
Address
11350 Constituion Hwy, Montpelier Station, VA 22957

Signing Officer

Name
Sally Hamlin
Title
President
Signed
2025-03-14
Discuss with paid preparer
Yes

Organization Details

Formed
2020
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
0
Employees
0

Preparer

Firm
The Jones Group CPAs & Consultants
Address
400 Southridge Parkway Ste B, Culpeper, VA 22701
Preparer
David M Jones
Phone
5408258005
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Bedding: Column (A) - Total = $1016; Column (B) - Program Services = $1016; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Dental: Column (A) - Total = $3600; Column (B) - Program Services = $3600; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Deworming: Column (A) - Total = $1179; Column (B) - Program Services = $1179; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Dues and Subscriptions : Column (A) - Total = $2979; Column (B) - Program Services = $2979; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Horse Supplies: Column (A) - Total = $6493; Column (B) - Program Services = $6493; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Merchant Service Fees: Column (A) - Total = $286; Column (B) - Program Services = $286; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Miscellaneous Equine Expenses: Column (A) - Total = $188; Column (B) - Program Services = $188; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Postage and Shipping: Column (A) - Total = $1258; Column (B) - Program Services = $1258; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Supplies & Materials: Column (A) - Total = $7553; Column (B) - Program Services = $7553; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Taxes & Licenses: Column (A) - Total = $99; Column (B) - Program Services = $0; Column (C) - Management & General = $99; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Utilities: Column (A) - Total = $1999; Column (B) - Program Services = $1999; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Vaccinations: Column (A) - Total = $2000; Column (B) - Program Services = $2000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Veterinary: Column (A) - Total = $4326; Column (B) - Program Services = $4326; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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IRS990/ReconcilationRevenueExpnssAmt042934
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0200489
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0164810
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0326325
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0160559
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt084833
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0937016
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04667
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt097
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt023
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04787
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04667
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt097
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt023
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04787
IRS990ScheduleA/InvestmentIncomeCYPct00.00510
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04299
IRS990ScheduleA/OtherIncome509Grp/TotalAmt04299
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99040
IRS990ScheduleA/PublicSupportTotal509Amt0937016
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0200489
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0164810
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0326325
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0160559
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt084833
IRS990ScheduleA/Total509Grp/TotalAmt0937016
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0209455
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0164907
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0326348
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0160559
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt084833
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0946102
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt07202
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023506
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt030708
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07202
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy is sent to the board to review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Bedding: Column (A) - Total = $1016; Column (B) - Program Services = $1016; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Dental: Column (A) - Total = $3600; Column (B) - Program Services = $3600; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Deworming: Column (A) - Total = $1179; Column (B) - Program Services = $1179; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Dues and Subscriptions : Column (A) - Total = $2979; Column (B) - Program Services = $2979; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Horse Supplies: Column (A) - Total = $6493; Column (B) - Program Services = $6493; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Merchant Service Fees: Column (A) - Total = $286; Column (B) - Program Services = $286; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Miscellaneous Equine Expenses: Column (A) - Total = $188; Column (B) - Program Services = $188; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Postage and Shipping: Column (A) - Total = $1258; Column (B) - Program Services = $1258; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Supplies & Materials: Column (A) - Total = $7553; Column (B) - Program Services = $7553; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Taxes & Licenses: Column (A) - Total = $99; Column (B) - Program Services = $0; Column (C) - Management & General = $99; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Utilities: Column (A) - Total = $1999; Column (B) - Program Services = $1999; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Vaccinations: Column (A) - Total = $2000; Column (B) - Program Services = $2000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Veterinary: Column (A) - Total = $4326; Column (B) - Program Services = $4326; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0376929
IRS990/TotalAssetsEOYAmt0419863
IRS990/TotalAssetsGrp/BOYAmt0376929
IRS990/TotalAssetsGrp/EOYAmt0419863
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0200489
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0705
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0165816
IRS990/TotalFunctionalExpensesGrp/TotalAmt0166521
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0376929
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0419863
IRS990/TotalProgramServiceExpensesAmt0165816
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04667
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0209455
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0376929
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0419863

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