GARTH ROAD PRESERVATION INC

EIN: 815011713 501(c)(3) Philanthropy & Grantmaking

CHARLOTTESVILLE, VA

Total Revenue
$2,251,263
Total Expenses
$1,933,122
Total Assets
$2,142,574
Net Assets
$1,974,764
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
VA
Principal Officer
FRED STUMP
Phone
4342939501
Tax Period
2024-01-01 to 2024-12-31

GARTH ROAD PRESERVATION INC, founded in 2017, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 14% surplus.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $186,807

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...

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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.

Program 2
Expenses: $1,445,294 Revenue: $1,262,630

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...

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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.

Program 3
Expenses: $98,661

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...

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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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $895,985
Program Service Revenue $1,238,565
Investment Income $76,548
Other Revenue $40,165
TOTAL REVENUE $2,251,263

Expense Breakdown

Grants Paid $122,807
Salaries & Benefits $265,818
Fundraising Expenses $122,649
Program Expenses $1,730,762
Other Expenses $1,544,497
TOTAL EXPENSES $1,933,122

Year-over-Year Comparison

2024 2023 Change
Revenue $2,251,263 $2,066,695 +0.1%
Expenses $1,933,122 $1,624,042 +0.2%
Net Income $318,141 $442,653 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
4
Volunteers
95

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
3
$75,659
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN G MACFARLANE III PRESIDENT 2.00
Officer Director
$0 $0 $0
LANDON HILLIARD DIRECTOR 0.50
Director
$0 $0 $0
HARRY BURN TREASURER 0.50
Officer Director
$0 $0 $0
KELSEY COX EXECUTIVE DIRECTOR 40.00
Officer
$75,659 $0 $75,659
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 $2,251,263 $1,933,122 $2,142,574 $318,141
2022 $1,753,574 $1,431,987 $987,977 $321,587
2021 $944,162 $672,234 $666,293 $271,928
2020 $659,168 $264,916 $394,594 $394,252
2019 $60,050 $60,723 $113 $-673
2018 $114,084 $113,434 $786 $650
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