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Virginia · Nonprofit

MONTPELIER STEEPLECHASE & EQUESTRIAN FOUNDATION INC

MONTPELIER STEEPLECHASE & EQUESTRIAN FOUNDATION INC (Virginia) receives grants from 2 organizations whose IRS filings report $152,500 to it, the largest being VIRGINIA EQUINE ALLIANCE ($150,000). 2 of them have funded it in more than one year.

Revenue FY2025
$961k
Funders on record
2
Grants received
$153k
Net assets
$1.4M
2/2 repeat funderspeak grant-dependency 9%
01What it does

What Montpelier Steeplechase & Equestrian Foundation Inc does

Mission

To continue the historic equestrian traditions of montpelier property and oversee the annual montpelier hunt races for the benefit and support of james madison's montpelier and other programs of education and historic preservation.

As stated on its FY2025 Form 990.

Program

  1. The montpelier hunt races are intended to perpetuate the historic equestrian traditions and promote public awareness of james madison's montpelier, home of james and dolley madison. The 2024 races were the 89th running.

    $906,336 spentof which $72,250 as grants$469,966 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $906,336.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($561k) Expenses 100 ($534k) Net assets 100 ($942k)2018 Revenue 105 ($588k) Expenses 110 ($586k) Net assets 103 ($975k)2019 Revenue 105 ($591k) Expenses 120 ($639k) Net assets 100 ($944k)2020 Revenue 108 ($605k) Expenses 109 ($581k) Net assets 101 ($952k)2021 Revenue 12 ($66k) Expenses 21 ($111k) Net assets 120 ($1.1M)2022 Revenue 135 ($757k) Expenses 120 ($642k) Net assets 115 ($1.1M)2023 Revenue 146 ($821k) Expenses 154 ($821k) Net assets 125 ($1.2M)2024 Revenue 171 ($957k) Expenses 160 ($857k) Net assets 146 ($1.4M)2025 Revenue 171 ($961k) Expenses 187 ($1.0M) Net assets 152 ($1.4M)
'17'18'19'20'21'22'23'24'25
Revenue (171)Expenses (187)Net assets (152)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $1.2M to $1.5M (+26%).

$984k
$1.0M
$988k
$960k
$1.2M
$1.1M
$1.2M
$1.5M
$1.6M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.

$27k
’17
$2k
’18
−$48k
’19
$24k
’20
−$46k
’21
$115k
’22
$780
’23
$100k
’24
−$39k
’25
2.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Martha H Strawther

Executive director

Board chair

David Perdue

Chairman

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed101010879101011
Joined·+1+0+1+0+3+3+1+3
No longer listed·10311212
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'23
'24*
total
$150k
funders
2
2

From the IRS filings of MONTPELIER STEEPLECHASE & EQUESTRIAN FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

MONTPELIER STEEPLECHASE & EQUESTRIAN FOUNDATION INC leans on a few funders — its largest provides 98% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

98% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MONTPELIER STEEPLECHASE & EQUESTRIAN FOUNDATION INC.

98%
largest funder
100%
top three
~1
effective funders

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of MONTPELIER STEEPLECHASE & EQUESTRIAN FOUNDATION INC's grant income comes from Virginia funders.

VA

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like MONTPELIER STEEPLECHASE & EQUESTRIAN FOUNDATION INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Virginia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

91% of spending goes to programs.

Program 91%Management 8%Fundraising 2%

Governance

10
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990✓Audited financials

Public support

75%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

VA

Screen this organization

A dated, signed PDF of the compliance screen for MONTPELIER STEEPLECHASE & EQUESTRIAN FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds MONTPELIER STEEPLECHASE & EQUESTRIAN FOUNDATION INC?
MONTPELIER STEEPLECHASE & EQUESTRIAN FOUNDATION INC (Virginia) receives grants from 2 organizations whose IRS filings report $152,500 to it, the largest being VIRGINIA EQUINE ALLIANCE ($150,000). 2 of them have funded it in more than one year.
How many funders does MONTPELIER STEEPLECHASE & EQUESTRIAN FOUNDATION INC have?
IRS filings report 2 organizations giving $152,500 in grants to MONTPELIER STEEPLECHASE & EQUESTRIAN FOUNDATION INC, 2 of which have funded it in more than one year.
Who is the largest funder of MONTPELIER STEEPLECHASE & EQUESTRIAN FOUNDATION INC?
VIRGINIA EQUINE ALLIANCE is the largest funder on record, with $150,000 in grants. The full list of funders is on this page.
How can an organization like MONTPELIER STEEPLECHASE & EQUESTRIAN FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing