2025-08-14T09:34:22-05:00 2024-12-31 540618213 HANTZMON WIEBEL LLP PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2024-01-01 815011713 GARTH ROAD PRESERVATION INC GART 4342939501 P O BOX 4606 CHARLOTTESVILLE VA 22905 FRED STUMP TREASURER, FOXFIELD RACES 4342939501 2025-08-12 1 0 MONTE J GLANZER P01301538 4342962156 2024 2025-03-06 01:10:19Z FOXFIELD RACES LLC FRED STUMP P O BOX 4606 CHARLOTTESVILLE VA 22905 5654136 0 X WWW.FOXFIELDRACES.COM X 2017 VA FOSTER CONSERVATION OF OPEN SPACE USING STEEPLECHASE RACING TO SUPPORT LOCAL PHILANTHROPY 3 3 4 95 0 0 889239 895985 1122202 1238565 8666 76548 46588 40165 2066695 2251263 114961 122807 0 0 286153 265818 0 0 122649 1222928 1544497 1624042 1933122 442653 318141 1461348 2142574 0 167810 1461348 1974764 X TO PROMOTE THE PRESERVATION OF OPEN SPACE IN ALBEMARLE COUNTY, TO ELEVATE RECOGNITION OF VIRGINIA STEEPLECHASE RACING BY HOSTING INDUSTRY-LEADING EVENTS, AND TO DEVELOP HIGH LEVELS OF COMMUNITY ENGAGEMENT WHICH FACILITATE BOTH PHILANTHROPIC SUPPORT OF LOCAL CHARITIES AND GREATER APPRECIATION FOR EQUESTRIAN SPORT. 0 0 186807 122807 ESTABLISH AND SUPPORT A LONG-TERM PHILANTHROPIC PARTNERSHIP: GARTH ROAD PRESERVATION SUPPORTED CAMP HOLIDAY TRAILS WITH A $61,801 CASH DONATION AND HABITAT FOR HUMANITY WITH A $60,906 CASH DONATION AND HELPED SPREAD THE MISSIONS OF BOTH TO THE FOXFIELD COMMUNITY. 1445294 1262630 RUN THE SPRING AND FALL FOXFIELD RACES IN LINE WITH THE STEEPLECHASE TRADITION IN ALBEMARLE COUNTY. THE SUCCESSFUL RACES ARE REQUIRED WITHIN THE AGREEMENT TO MAINTAIN THE OPEN SPACE AND SUPPORT THE PHILANTHROPIC AIMS OF THE ORGANIZATION. 98661 IMPROVE, MAINTAIN AND CONSERVE THE FOXFIELD PROPERTY AND ITS OPEN SPACE. PER THE PROPERTY MASTER PLAN NEW STABLES WERE CONSTRUCTED TO ENHANCE THE SAFETY OF RACE DAY.THREE COMMUNITY EVENTS WERE HELD ON THE FOXFIELD PROPERTY. THE MOST SIGNIFICANT FINANCIALLY WAS JACKFEST, HELD IN OCTOBER 2024. THE ORGANIZERS OF JACKFEST CONTRIBUTED OVER $30,000 TO THE RONALD MCDONALD HOUSE, THE PEDIATRIC HEMATOLOGY/ONCOLOGY UNIT AT UVA AND HOPE'S LEGACY. IN ADDITION, TWO FOOTRACES WERE HELD ON THE PROPERTY AND BOTH MADE CHARITABLE CONTRIBUTIONS TO CANCER CARE IN CHARLOTTESVILLE 1730762 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 35 0 4 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 VA X X FORWARD FINANCIAL INTELLIGENCE 4342140772 922 9 1/2 STREET NE CHARLOTTESVILLE VA 22902 JOHN G MACFARLANE III PRESIDENT 2.00 X X 0 0 0 LANDON HILLIARD DIRECTOR 0.50 X 0 0 0 HARRY BURN TREASURER 0.50 X X 0 0 0 KELSEY COX EXECUTIVE DIRECTOR 40.00 X 75659 0 0 75659 0 0 0 0 0 0 0 895985 895985 TICKET AND TENT SALES 713990 1077320 1077320 SPONSORSHIPS 713990 138500 129992 8508 PROGRAMS & ADVERTISING 713990 13400 13400 VENDOR INCOME 713990 9345 9345 1238565 61275 61275 7592 0 7592 7592 7592 3397912 3382639 15273 15273 15273 52807 20234 32573 32573 2251263 1262630 0 92648 122807 122807 75659 52961 11349 11349 148746 133871 14875 23021 18417 2302 2302 18392 14714 1839 1839 6380 6380 25225 25225 118974 101128 17846 11082 7758 1662 1662 8339 5837 1251 1251 57226 40058 8584 8584 38442 38442 34539 24177 5181 5181 RACE COSTS 530728 488906 41822 PRIZE MONEY 496707 496707 GROUNDS MAINTENANCE AND 70661 70661 TICKETING COSTS 65327 65327 80867 48991 15938 15938 1933122 1730762 79711 122649 225224 143711 0 298200 0 2550 426956 85394 181066 341562 1055058 1349395 0 7156 1461348 2142574 0 4060 0 163750 0 167810 X 1461348 1676564 298200 1461348 1974764 1461348 2142574 X 318141 -19666 214941 X 1 X 0 0 0 X 659168 627339 599023 889239 895985 3670754 659168 627339 599023 889239 895985 3670754 1515367 2155387 18014 19500 27762 64473 129749 3800503 3872862 0.56710 0.57390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 112853 2170 110683 164298 19925 144373 149805 63299 86506 341562 1 GREATER CHARLOTTESVILLE HABITAT FOR HUMANITY 967 2ND ST SE CHARLOTTESVILLE VA 22902 541574925 501(C)3 60406 0 UNRESTRICTED OPERATING SUPPORT CAMP HOLIDAY TRAILS 400 HOLIDAY TRAILS LANE CHARLOTTESVILLE VA 22902 540922028 501(C)3 61801 0 UNRESTRICTED OPERATING SUPPORT PART I, LINE 2: AS PART OF ITS MISSION, THE ORGANIZATION SUPPORTS LOCAL NON-PROFIT ORGANIZATIONS. CONTRIBUTIONS TO THESE ORGANIZATIONS ARE FOR GENERAL OPERATING SUPPORT AND ARE NOT CONSIDERED RESTRICTED. THE ORGANIZATIONS PERFORMS DUE DILLIGENCE ON DONEE ORGANIZATIONS TO ENSURE THE FUNDS WILL BE USED FOR LEGITIMATE CHARITABLE PURPOSES. HOWEVER, FORMAL REPORTING FROM THE DONEE ORGANIZATION IS NOT REQUIRED. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE ORGANIZATION'S FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO DISCLOSE RELATIONSHIPS THAT MAY GIVE RISE TO A CONFLICT OF INTEREST. OFFICERS, DIRECTORS, AND KEY EMPLOYEES FORMALLY SIGN TO ACKNOWLEDGE THEIR RECEIPT OF THE CONFLICT OF INTEREST POLICY WHEN THEY BEGIN THEIR SERVICE WITH THE ORGANIZATION. ANNUALLY, THESE INDIVIDUALS ARE REQUIRED TO CONFIRM THAT THEY HAVE NO RELATIONSHIPS THAT WOULD GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 1023 AND FORM 990 ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: CONTRIBUTIONS RECEIVABLE FAIR VALUE ADJUSTMENT 13,400. SECTION 481(A) ADJUSTMENT 201,541. SCHEDULE R, PART 1 FOXFIELD RACING, LLC IS A DISREGARDED ENTITY FORMED TO OPERATE THE FOXFIELD RACES. THE BOARD OF MANAGERS OF FOXFIELD RACING, LLC HAVE AN INTEGRAL ROLE IN THE ORGANIZATION AND OPERATION OF THE BI-ANNUAL RACES AND DO NOT RECEIVE COMPENSATION. THE BOARD OF MANAGERS OF FOXFIELD RACING, LLC IS AS FOLLOWS: REYNOLDS COWLES - PRESIDENT JACK SANFORD - VICE PRESIDENT ANN HORNER - TREASURER LOCKE OGENS - SECRETARY JOHN MACFARLANE - MEMBER REPRESENTATIVE STEVE BOWERS - MEMBER CYNTHIA LORENZONI - MEMBER ZACHARY MILLER - MEMBER NORA SEILHEIMER - MEMBER KENNY WHEELER - MEMBER FRED STUMP - MEMBER CHANGE IN ACCOUNTING METHOD: IN 2024, GARTH ROAD PRESERVATION, INC. TRANSITIONED ITS ACCOUNTING METHOD FROM THE CASH BASIS TO THE ACCRUAL BASIS. THIS CHANGE WAS MADE TO ALIGN WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) FOR THE PREPARATION OF FINANCIAL STATEMENTS, WHICH WERE SUBSEQUENTLY REVIEWED BY AN INDEPENDENT ACCOUNTANT. FORM 990, PART XI, LINE 9 THE ORGANIZATION IMPLEMENTED A CHANGE IN ACCOUNTING METHOD DURING THE TAX YEAR, TRANSITIONING FROM THE CASH BASIS TO THE ACCRUAL BASIS OF ACCOUNTING. AS PART OF THIS CHANGE, A SECTION 481(A) ADJUSTMENT WAS CALCULATED TO ACCOUNT FOR THE CUMULATIVE EFFECT OF THE CHANGE IN METHOD ON PRIOR YEARS. THE TOTAL SECTION 481(A) ADJUSTMENT WAS RECOGNIZED ENTIRELY IN THE CURRENT YEAR BECAUSE THE ADJUSTMENT DOES NOT RELATE TO UNRELATED BUSINESS INCOME AND THEREFORE HAS NO IMPACT ON INCOME TAX LIABILITY. THE ADJUSTMENT PRIMARILY REFLECTS THE RECOGNITION OF PLEDGES RECEIVABLE, DEFERRED REVENUE, AND ACCOUNTS PAYABLE IN ACCORDANCE WITH ACCRUAL ACCOUNTING PRINCIPLES. THIS ADJUSTMENT IS REPORTED ON FORM 990, PART XI, LINE 9, AND IS INCLUDED IN THE RECONCILIATION OF NET ASSETS PER BOOKS WITH NET ASSETS PER THE FORM 990. FOXFIELD RACING LLC PO BOX 4606 CHARLOTTESVILLE VA 22905 815011713 HOST STEEPLECHASE RACE VA 2310996 2142574 GARTH ROAD PRESERVATION