2011-05-12T14:26:30-05:00 2010-12-31 PBGH LLP 29 CULPEPER STREET WARRENTON VA 20186 990 2010-01-01 540943990 VIRGINIA GOLD CUP ASSOCIATION INC VIRG 5403472612 PO BOX 840 WARRENTON VA 20188 DR WILLIAM ALLISON 5403472612 2011-05-11 DONALD W KNOTTS 5403474970 2010 2016-02-24 21:20:13Z DR WILLIAM ALLISON PO BOX 840 WARRENTON VA 20188 1286362 0 X WWW.VAGOLDCUP.COM X 1923 VA TO ORGANIZE AND PROMOTE STEEPLECHASE RACES IN FAUQUIER COUNTY, VIRGINIA. 12 12 5 80 0 0 0 0 1371871 1273790 2003 2300 -4569 519 1369305 1276609 50 50 0 0 247719 211989 0 0 0 1129096 1074244 1376865 1286283 -7560 -9674 117019 133514 35126 60038 81893 73476 X THE VIRGINIA GOLD CUP ASSOCIATION WAS ORGANIZED IN 1922 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 990024 1274309 THE ORGANIZATION ORGANIZES AND PROMOTES TWO ANNUAL STEEPLECHASE RACES IN FAUQUIER COUNTY, VIRGINIA 50 50 CONTRIBUTIONS TO LOCAL NON-PROFIT ORGANIZATIONS 990074 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 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 1 30 0 1 5 1 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 0 0 0 1 0 1 0 X ACCOUNTANT 5403472612 90 MAIN STREET WARRENTON VA 20186 X WILLIAM ALLISON 15.00 X X 0 0 0 ERNEST M OARE X X 0 0 0 WAYNE EASTHAM 2.00 X X 0 0 0 CHARLES T HOOVLER 1.00 X X 0 0 0 MARSHALL D DOELLER X X 0 0 0 LANGHORNE BOND X X 0 0 0 MARGARET LITTLETON X X 0 0 0 WILLIAM G PRIME X X 0 0 0 RICK GERHARDT X X 0 0 0 DON YOVANOVICH X X 0 0 0 ALFRED GRIFFIN X X 0 0 0 CHARLES SEILHEIMER X X 0 0 0 0 0 0 0 0 0 0 0 VIRGINIA GOLD CUP (SPR 711210 879616 879616 INTERNATIONAL GOLD CUP 711210 394174 394174 1273790 2300 2300 10272 9753 519 519 1276609 1274309 0 2300 50 50 159890 159890 3026 3026 34751 34751 14322 14322 1521 1521 10764 10764 18964 18964 5872 5872 38987 38987 623 623 894 894 5795 5795 19872 18449 1423 DIRECT RACE EXPENSES 598418 598418 WINNINGS PAID 290000 290000 PROMOTIONS FOR RACES 82534 82534 1286283 990074 296209 0 11402 28358 48203 57539 5525 3842 81690 59033 24148 22657 26397 20618 1344 500 117019 133514 8214 10038 26912 50000 35126 60038 X 81893 73476 81893 73476 117019 133514 X -9674 1257 X 0 0 0 22232 6794 15438 40010 32791 7219 19448 19448 0 22657 BB&T CAPITAL TRUST VII 20618 F 20618 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: BOARD DECISION BASED ON COMMUNITY NEEDS. HOLLY ALLICSON DAUGHTER OF PRESIDENT 21098 0 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 DIRECORS APPROVES COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ELECTS OFFICERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 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 SATEMENTS 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,257.