2017-09-25T06:59:43-05:00 2016-12-31 540737372 PBMARES LLP 29 CULPEPER STREET WARRENTON VA 20186 990 2016-01-01 540943990 VIRGINIA GOLD CUP ASSOCIATION INC VIRG 5403472612 PO BOX 840 WARRENTON VA 20188 DR WILLIAM ALLISON PRESIDENT 5403472612 2017-09-05 1 DONALD W KNOTTS CPA P00208667 5403474970 2017-09-05 X 209.10.80.132 2017-09-05 13:39:58 ED P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 480DD8C0DF9FD899C1E6BD93EA619EAAAF00E3B6 2016 2021-01-29 14:40:06Z DR WILLIAM ALLISON PO BOX 840 WARRENTON VA 20188 2647558 0 X WWW.VAGOLDCUP.COM X 1923 VA TO ORGANIZE AND PROMOTE STEEPLECHASE RACES IN FAUQUIER COUNTY, VIRGINIA. 14 14 4 80 0 0 0 0 2049500 2409957 5086 16124 110731 -50786 2165317 2375295 17280 7474 0 0 191551 190252 0 0 0 2107638 2259003 2316469 2456729 -151152 -81434 418251 328125 210850 207791 207401 120334 X THE VIRGINIA GOLD CUP ASSOCIATION WAS ORGANIZED IN 1923 TO STIMULATE INTEREST IN AND TO PROMOTE STEEPLECHASE RACING IN VIRGINIA. THE ASSOCIATION STRIVES TO PROVIDE AN ENVIRONMENT FOR SOCIAL RECREATION, WHERE OBSERVERS CAN ENJOY THE ENTERTAINMENT OF STEEPLECHASE RACING. VGCA ENCOURAGES SPORTSMANSHIP AND GOOD FELLOWSHIP AMONG THOSE PERSONS PARTICIPATING IN THE SPORT. FURTHERMORE, THE ASSOCIATION IS DEDICATED TO MAINTAINING A FACILITY FOR HOLDING STEEPLECHASE RACES. 0 0 2129160 2247457 THE ASSOCIATION ORGANIZES AND PROMOTES TWO ANNUAL STEEPLECHASE RACES IN FAUQUIER COUNTY, VIRGINIA 7474 7474 CONTRIBUTIONS TO LOCAL NON-PROFIT ORGANIZATIONS 2136634 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 49 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 0 0 0 1 0 1 0 X BARBARA SHANNON 5403472612 90 WEST MAIN STREET WARRENTON VA 20186 X WILLIAM ALLISON PRESIDENT 15.00 X X 0 0 0 ALFRED GRIFFIN VICE PRESIDENT 2.00 X X 0 0 0 WAYNE EASTHAM TREASURER 2.00 X X 0 0 0 MARSHALL D DOELLER SECRETARY 1.00 X X 0 0 0 LANGHORNE BOND BOARD MEMBER 0.20 X 0 0 0 MARGARET LITTLETON BOARD MEMBER 0.20 X 0 0 0 WILLIAM G PRIME BOARD MEMBER 0.20 X 0 0 0 RICK GERHARDT BOARD MEMBER 0.20 X 0 0 0 DON YOVANOVICH BOARD MEMBER 0.20 X 0 0 0 ERNEST M OARE BOARD MEMBER 0.20 X 0 0 0 CHARLES SEILHEIMER BOARD MEMBER 0.20 X 0 0 0 WILLIAM O'KEEFE BOARD MEMBER 0.20 X 0 0 0 JEFF LEHEW BOARD MEMBER 0.20 X 0 0 0 RICHARD WALLACH BOARD MEMBER 0.20 X 0 0 0 0 0 0 0 0 0 0 0 481 711210 1673981 1673981 INTERNATIONAL GOLD CUP 711210 735976 735976 2409957 10601 10601 124364 118841 5523 5523 5523 66715 148032 -81317 -81317 25566 5390 20176 20176 481A ADJUSTMENT 900099 10355 10355 10355 2375295 2440488 0 -65193 7474 7474 159333 159333 4780 4780 11839 11839 14300 14300 39141 39141 13473 13473 7489 7489 4832 4832 35468 35468 7278 7278 1011 1011 28429 28429 25364 25364 DIRECT RACE EXPENSES 1090126 1090126 WINNINGS PAID 895000 895000 PROMOTIONS FOR RACES 86332 86332 OTHER RACE EXPENSES 25060 25060 2456729 2136634 320095 0 23062 36610 54719 53337 10000 100000 10000 3280 3280 83818 71243 11743 12575 140023 101490 60663 74924 49670 500 500 418251 328125 74875 32791 35975 0 100000 175000 210850 207791 X 207401 120334 207401 120334 418251 328125 X -81434 4722 -10355 X 1 X 0 0 0 22232 14726 7506 42138 37069 5069 19448 19448 0 12575 KINDER MORGAN - PUBLICLY TRADED PREFERED STOCK 25439 F NORTHSTAR REALTY FINANCE - PUBLICLY TRADED PREFERED STOCK 35224 F 60663 X PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C) (4) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION HAS ADOPTED THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS AS REQUIRED BY THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION; HOWEVER, MANAGEMENT DOES NOT BELIEVE IT IS EXPOSED TO ANY SUCH POSITIONS AS THEY ARE DEFINED IN THIS GUIDANCE. THE ASSOCIATION FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ANNUALLY WITH THE UNITED STATES DEPARTMENT OF TREASURY. SUCH RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. 66715 5777 142255 0 66715 5777 142255 148032 -81317 VA 1 0 1 0 1.00000 BARBARA SHANNON 90 WEST MAIN STREET WARRENTON VA 20186 0 0 0 VIRGINIA POINT TO POINT FOUNDATION 9308 PATRICK STREET UPPERVILLE VA 20184 464531132 501(C)(3) 6000 0 N/A N/A FENCE FUND AND SPONSORSHIP 1 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP. ONE AUTOMATICALLY BECOMES A MEMBER BY PURCHASING A TICKET TO ONE OF THE RACES. AT THE TIME OF TICKET PURCHASE THE BUYER IS PLACED ON THE MAILING LIST. THERE ARE NO ANNUAL DUES FOR MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS AND DIRECTORS ARE ELECTED AT THE CORPORATION'S ANNUAL MEETING HELD IN MARCH. FORM 990, PART VI, SECTION A, LINE 7B THE ACTIONS OF THE GOVERNING BOARD ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS APPROVES COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ELECTS OFFICERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B TO DATE THERE HAS NOT BEEN A FORMAL POLICY TO REVIEW FORM 990 PRIOR TO FILING. THE 990 IS PREPARED BY THE ASSOCIATION'S INDEPENDENT CPA FROM THE SAME INFORMATION THAT IS USED TO PREPARE COMPILED FINANCIAL STATEMENTS. THE COMPILED FINANCIAL STATEMENTS ARE REVIEWED AT A BOARD MEETING WHICH IS OPEN TO ALL INDIVIDUALS ASSOCIATED WITH THE VIRGINIA GOLD CUP ASSOCIATION, INC. FORM 990, PART VI, SECTION B, LINE 15B OFFICERS AND BOARD MEMBERS DO NOT RECEIVE COMPENSATION OF ANY KIND. STAFF SALARIES ARE DETERMINED BY THE PRESIDENT IN CONSULTATION WITH THE FINANCE COMMITTEE BASED ON JOB RESPONSIBILITIES AND CURRENT MARKET CONDITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE FOR INSPECTION DURING NORMAL BUSINESS HOURS AT THEIR OFFICES AT 90 MAIN STREET, WARRENTON, VIRGINIA. FORM 990, PART XI, LINE 9: 481A ADJUSTMENT -10,355.