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Virginia · Nonprofit

VIRGINIA THOROUGHBRED ASSOCIATION

VIRGINIA THOROUGHBRED ASSOCIATION (Virginia) receives grants from 1 organization whose IRS filings report $15,000 to it, the largest being WILLIAM M BACKER FOUNDATION INC ($15,000). 1 of them have funded it in more than one year.

Revenue FY2024
$563k
Funders on record
1
Grants received
$15k
Net assets
$358k
1/1 repeat funderspeak grant-dependency 1%
01What it does

What Virginia Thoroughbred Association does

Mission

To promote the thoroughbred horse industry in virginia and act as advocate for industry and commonwealth agri-business and thoroughbred horse industry.

As stated on its FY2024 Form 990.

Programs

  1. Vta administers the virginia breeders fund via a contract with the virginia racing commission. Pursuant to the contract, membership in vta is not required to participate in the breeders fund. The breeders fund promotes the interest of thoroughbred breeders and owners through annual awards and promotions.

  2. Vta conducts annual meetings, seminars, and award luncheons that recognize achievements of its members and thoroughbred horses and their breeders and owners. Seminars are held to keep members abreast of development in breeding and thoroughbred horse care and keep members informed of recent developments within the horse industry.

  3. Vta published online blogs and information via its website designed to educate and inform members of significant matters affecting the thoroughbred horse industry in virginia. Articles and information are designed to raise professionalism among vta members and recognize and encourage development in thoroughbred horse industry and breeding.

The 3 programs described on its FY2024 Form 990, listed largest first by expense.

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. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($401k) Expenses 100 ($386k) Net assets 100 ($47k)2018 Revenue 115 ($461k) Expenses 108 ($416k) Net assets 196 ($92k)2019 Revenue 123 ($495k) Expenses 108 ($417k) Net assets 362 ($170k)2020 Revenue 110 ($441k) Expenses 95 ($366k) Net assets 521 ($245k)2021 Revenue 123 ($494k) Expenses 110 ($425k) Net assets 666 ($313k)2022 Revenue 128 ($512k) Expenses 132 ($508k) Net assets 673 ($316k)2023 Revenue 121 ($486k) Expenses 135 ($522k) Net assets 595 ($280k)2024 Revenue 140 ($563k) Expenses 126 ($485k) Net assets 762 ($358k)
'17'18'19'20'21'22'23'24
Revenue (140)Expenses (126)Net assets (762)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $899k to $4.5M (+399%).

$133k
$912k
$193k
$446k
$563k
$899k
$4.5M
$5.0M
'17'18'19'20'21'22'23'24
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
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2024 14%. Grants only. Government contracts and fees sit inside program revenue.

14% of VIRGINIA THOROUGHBRED ASSOCIATION’s revenue is contributions — more earned-revenue than three-quarters of its peers (94% for the typical peer).

This organization
Typical peer · 3,373 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.

$15k
’17
$45k
’18
$78k
’19
$75k
’20
$68k
’21
$3k
’22
−$36k
’23
$78k
’24
8.1
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.

'17'18'19'20'21'22'23'24
Listed1916161617181818
Joined·+0+6+0+5+7+3+1
No longer listed·3604631
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*
'25*
total
funders
1
1
1

From the IRS filings of VIRGINIA THOROUGHBRED ASSOCIATION’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.

Where its funders are

100% of VIRGINIA THOROUGHBRED ASSOCIATION'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

Against its field

VIRGINIA THOROUGHBRED ASSOCIATION runs a healthier operating margin than half of the 2,974 food & nutrition nonprofits its size.

Operating margin14% · above the median
Months of reserve8.1mo · above the median
Revenue growth (annualized)5% · below the median

this organization peer median middle 50% of peers· 2,974 food & nutrition nonprofits $100k–$1M, FY2024

Organizations like VIRGINIA THOROUGHBRED ASSOCIATION

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.

Governance

18
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 1 related entity

  • Va Equine Political Action Comm · exempt

Screen this organization

A dated, signed PDF of the compliance screen for VIRGINIA THOROUGHBRED ASSOCIATION: 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 VIRGINIA THOROUGHBRED ASSOCIATION?
VIRGINIA THOROUGHBRED ASSOCIATION (Virginia) receives grants from 1 organization whose IRS filings report $15,000 to it, the largest being WILLIAM M BACKER FOUNDATION INC ($15,000). 1 of them have funded it in more than one year.
How many funders does VIRGINIA THOROUGHBRED ASSOCIATION have?
IRS filings report 1 organization giving $15,000 in grants to VIRGINIA THOROUGHBRED ASSOCIATION, 1 of which have funded it in more than one year.
Who is the largest funder of VIRGINIA THOROUGHBRED ASSOCIATION?
WILLIAM M BACKER FOUNDATION INC is the largest funder on record, with $15,000 in grants. The full list of funders is on this page.
How can an organization like VIRGINIA THOROUGHBRED ASSOCIATION 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.

Play a game about who funds Virginia Thoroughbred Association →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 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