GREAT MEADOW FOUNDATION INC

EIN: 521257702 501(c)(3) Environment

THE PLAINS, VA

Total Revenue
$975,404
Total Expenses
$1,322,133
Total Assets
$7,233,397
Net Assets
$7,171,750
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
VA
Principal Officer
T GARRICK STEELE
Phone
5402535001
Tax Period
2023-01-01 to 2023-12-31

GREAT MEADOW FOUNDATION INC, founded in 1982, is a small nonprofit in the Environment sector that reported $975K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 36% operating deficit.

Mission

THE GREAT MEADOW FOUNDATION IS DEDICATED TO PRESERVING OPEN SPACE IN SERVICE TO THE COMMUNITY AND TO ADVANCING EQUESTRIAN SPORT.

Program Service Accomplishments

Program 1
Expenses: $277,312 Revenue: $329,300

VA GOLD CUP:TWO TIMES A YEAR, VA GOLD CUP RUNS THE SPRING VA GOLD CUP RACE AND THE FALL INTERNATIONAL CUP RACE. THE RACES HELD AT GREAT MEADOW, ARE STEEPLECHASES, OR MORE COMMONLY KNOWN AS A CHASE...

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VA GOLD CUP:TWO TIMES A YEAR, VA GOLD CUP RUNS THE SPRING VA GOLD CUP RACE AND THE FALL INTERNATIONAL CUP RACE. THE RACES HELD AT GREAT MEADOW, ARE STEEPLECHASES, OR MORE COMMONLY KNOWN AS A CHASE AND IS A RACE RUN OVER FENCES. STEEPLECHASES ARE RUN OVER DISTANCES THAT RANGE BETWEEN 2 AND 4 MILES (3.2 AND 7.2 KM). THE RUNNERS JUMP OVER A VARIETY OF OBSTACLES THAT CAN INCLUDE PLAIN FENCES, WATER JUMPS OR OPEN DITCHES.

Program 2
Expenses: $137,209 Revenue: $167,795

TWILIGHT ARENA POLO:EVERY SATURDAY FROM MAY THROUGH SEPTEMBER, TWILIGHT POLO FEATURES THREE ARENA POLO MATCHES WITH HALFTIME GAMES FOR BOTH CHILDREN AND ADULTS. FOLLOWING THE FINAL MATCH, THE...

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TWILIGHT ARENA POLO:EVERY SATURDAY FROM MAY THROUGH SEPTEMBER, TWILIGHT POLO FEATURES THREE ARENA POLO MATCHES WITH HALFTIME GAMES FOR BOTH CHILDREN AND ADULTS. FOLLOWING THE FINAL MATCH, THE EVENINGS CONCLUDE WITH MUSIC AND DANCING IN THE PAVILION.

Program 3
Expenses: $124,032 Revenue: $43,448

FOURTH OF JULY EVENT: GREAT MEADOW FOUNDATION HOSTS A COMMUNITY EVENT TO CELEBRATE THE FOURTH OF JULY. THE EVENT ENCOMPASSES FIREWORKS AND ENTERTAINMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $189,946
Program Service Revenue $734,381
Investment Income $51,077
Other Revenue $0
TOTAL REVENUE $975,404

Expense Breakdown

Grants Paid $0
Salaries & Benefits $486,459
Fundraising Expenses $21,862
Program Expenses $912,734
Other Expenses $835,674
TOTAL EXPENSES $1,322,133

Year-over-Year Comparison

2023 2022 Change
Revenue $975,404 $3,193,770 -0.7%
Expenses $1,322,133 $1,016,168 +0.3%
Net Income $-346,729 $2,177,602 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
8
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$81,327
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATALIE EPSTEIN CHAIRMAN OF THE BOARD 6.50
Officer Director
$0 $0 $0
MIKE SMITH VICE CHAIR 1.00
Officer Director
$0 $0 $0
GARRICK STEELE VICE CHAIR 1.00
Officer Director
$0 $0 $0
DULANEY MORISON TRUSTEE 1.00
Director
$0 $0 $0
DAVID GREENHILL TRUSTEE 1.00
Director
$0 $0 $0
HOLIDAE HAYES TRUSTEE 1.00
Director
$0 $0 $0
NAJAF HUSAIN TRUSTEE 1.00
Director
$0 $0 $0
THOMAS MCMILLEN TRUSTEE 1.00
Director
$0 $0 $0
RICHARD SPENCER TREASURER 1.00
Officer Director
$0 $0 $0
STUART WEINSTEIN-BACAL TRUSTEE 1.00
Director
$0 $0 $0
KAREN CRANE TRUSTEE 1.00
Director
$0 $0 $0
BIRGE WATKINS SECRETARY 1.00
Officer Director
$0 $0 $0
TESS NEWCOME EXECUTIVE DIRECTOR 40.00
Officer
$81,327 $0 $81,327
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $975,404 $1,322,133 $7,233,397 $-346,729
2022 $3,193,770 $1,016,168 $7,682,358 $2,177,602
2021 $973,548 $1,306,292 $5,732,779 $-332,744
2020 $831,145 $1,049,707 $6,082,543 $-218,562
2019 $1,254,483 $1,553,981 $6,394,867 $-299,498
2018 $2,270,924 $1,890,813 $6,585,550 $380,111
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