Annual Report
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2019–2020 ANNUAL REPORT July 1, 2019 – June 30, 2020 History will record that this has been the year of the COVID-19 pandemic and that our Horse Center had to be closed for three months. History will also record that this year was dramatically transformational, not only in the physical improvements of the Horse Center, but also in the remarkable resiliency of the Virginia Horse Center. There is a real sense of optimism for our future.” —John Nicholson, CEO Great Job guys! Our check-in/COVID paperwork and temp checks and all that yesterday was smooth and pleasant and we appreciate the opportunity to have horse shows! Thank you!” — Katie Gardner, Bedford, Virginia Many thanks to the VHC staff! We couldn’t have done it this year without your planning and assistance with all the new COVID guidelines and compliance measures.” — Kimberly Shaffer Dickinson, Chesapeake, Virginia Our Mission The Virginia Horse Center Board of Directors The Virginia Horse Center Foundation Foundation is a 501(c)(3) Gardner L. Bloemers, President provides a world class facility hosting non-profit organization. Kenneth M. Wheeler, Jr., Vice President regional, national, and international With the support of the Foundation, Charles A. “Chuck” Grossmann, Treasurer equestrian events. the Virginia Horse Center serves as an Elizabeth Mason Horsley, Secretary economic and cultural asset for the benefit The Virginia Horse Center Foundation of the Rockbridge County community Judith Heisley Bishop envisions a unique, bucolic landmark to and the Commonwealth of Virginia. An Roxanne Booth honor and celebrate the timeless, special important resource to the East-Atlantic Thomas M. Clarke bond between mankind and the horse equine competition circuit, the Virginia Brooks Lucas Cushman through safe, fair, and spirited equestrian Horse Center hosts all disciplines of H. E. (Buddy) Derrick, Jr. competition. equestrian sport, standing at the forefront William C. Heizer of Virginia’s $1.2 billion equine community. Ernest M. Oare Lynn E. Rice This institution is an equal opportunity Brian Ross provider and employer. Ann Tierney Smith Jeffry Sterba George Williams Christopher Wynne Fiscal Year 2019–2020 Statement of Accounts As of June 30, 2020 Our primary revenues are generated by shows that we own, followed by revenues generated by third party shows which rent our facility. 2020 2019 ASSETS (Unaudited) (Audited) Cash and cash equivalents $ 1,648,360 $ 1,506,367 Contributions receivable 281,040 292,748 Other assets 46,205 98,732 Property and equipment 19,489,152 17,759,558 TOTAL ASSETS $ 21,464,757 $ 19,657,405 LIABILITIES Accounts payable and other current liabilities $ 1,137,148 $ 701,164 Notes payable and long term debt 11,342,185 11,565,531 TOTAL LIABILITIES $ 12,479,333 $ 12,266,695 NET ASSETS TOTAL NET ASSETS $ 8,985,424 $ 7,390,710 TOTAL LIABILITIES AND NET ASSETS $ 21,464,757 $ 19,657,405 NOTE: The 2019 information above is derived from the Virginia Horse Center Foundation’s audited financial statements. For a complete version, including the Independent Auditor’s Report, please contact the Foundation’s office. The 2020 audit report was not available as of the printing date of the report. Contributions $2,604,999 - 54% Other $98,615 - 2% Sponsorships $138,094 - 3% OPERATING REVENUES Hay, Feed, Shavings Sold $4,836,825 $351,373 - 7% General Facilities Operations $1,313,321 - 43% All Shows & Events $1,643,745 – 34% OPERATING EXPENSES All Shows & Events $3,043,677 $800,030 - 26% Management & Staff Sponsorships $617,475 - 21% & Development Hay, Feed, $123,863 - 4% Shavings $188,989 - 6% Thank you for your Fiscal Year 2019–2020 SUPPORT As of June 30, 2020 DONORS Ms. Carol Reedy Bonnie Management Company, Inc. Mr. & Mrs. Jeffrey S. Shawver Ms. Sherri Booye & Mr. Warren C. Edmunds Blue Ribbon Council Virginia Dressage Association Botetourt County Horsemans Association, $100,000.00 + Ms. Ashley Kelly Ms. Gardy Bloemers & Mr. Nick Duke Supporter Boys & Girls Club of Waynesboro, Ms. Brooks Lucas Cushman $2,500.00 to $4,999.99 Staunton & Augusta Co. Mr. & Mrs. Fritz Kundrun Ms. Laura Blair Butler Ms. Paula L. Brown-Steedly Ms. Bettina Longaker Ms. Keedie Leonard Ms. Karen Bull The Rimora Foundation Ms. Linda DuPuis Dr. James T. Burnette Sterba Family Fund Mr. & Mrs. Ronald A. Perkins Mr. & Mrs. Darrell Bush Virginia Equine Alliance William M. Camp Foundation Ms. Sharon Cameron Ms. Karen Waldron & Mr. Shawn Ricci - Ms. Janice Wright & Ms. JoLynne Carter Elbert H., Evelyn J., and Mr. James M. Chapman Ms. Judith Cashwell Karen H. Waldron Charitable Foundation Mr. & Mrs. Wayne Chatfield-Taylor Mr. & Mrs. Kenneth M. Wheeler, Jr. Advocate Mr. & Mrs. Barry Chewning $1,000.00 to $2,499.99 Mr. W. Donald Clark Champion’s Benefactor Ms. Joan W. Alberti Mr. & Mrs. Robert W. Clements $50,000.00 to $99,999.99 Blue Ridge Trailer Sales & Services Coleridge Equine, LLC, Anonymous Mr. William T. Boyd III Ms. Elizabeth Essenmacher The Gordinier Family Ms. Jennifer Donovan & Ms. Katharine Cowasjee Ms. Peta Jean Wyllie Mr. Michael Donovan Dr. & Mrs. R. Reynolds Cowles, Jr. Mr. & Mrs. Bob Ehle Mr. & Mrs. Lloyd L. Craighill Champion’s Patron Ms. Robin Floyd Ms. Laura Croft $20,000.00 to $49,999.99 Ms. Pamela Bliss French Ms. Joy Crompton Ms. Grace Arnold Mrs. Elizabeth Mason Horsley Mr. & Mrs. Joseph E. Dove Hyperion Stud, LLC, Ms. Vicky Castegren Mr. & Mrs. James D. Mungovan Ms. Patsy S. Dubay The Katharine B. Tierney Ms. Lynne Skaryak Mr. & Mrs. Christopher Duhring Charitable Foundation Ms. Ann E. Sutherland Mr. & Mrs. Ken D. Dunker Ms. Jacqueline Mars The Arnold F. Baggins Foundation Ms. Betty Holland Dye Mr. & Mrs. Ernest M. Oare Ms. Sandra Thomas Dr. Delwyn Dyer McGue Millhiser Family Trust Vanguard Charitable – Bryant Crane Mr. David Earnest Ms. Lynn Ellen Rice Charitable Fund Ms. Jennifer L. Eccles Wingate Family Charitable Fund Ms. Jane Ellinghaus Champion’s Sustainer Ms. Suzanne Youngkin Ms. Virginia S. Ewing $10,000.00 to $19,999.99 Ms. Marynell Eyles Ms. Christine Barnicle Friend Ms. Rebecca P. Fass The Harrison Foundation, Ms. Mary Keevil $1.00 to $999.99 Ms. Sally D. Feltner Ms. Patricia Henderson Mr. William L. Aiton Mr. & Mrs. Carter G. Frank Markel Insurance Company Ms. Cynthia Allner Ms. Kim C. Gall & Dr. Chris Middleton Ms. Elizabeth Lewis Page Ms. Denise Altizer Mrs. Jane Garland AmazonSmile Foundation Mr. & Mrs. Thomas M. Gathright, III Partner Animal Care Center of Floyd, Inc., Ms. Jessie Ginsburg $5,000.00 to $9,999.99 Dr. Meredith McGrath Ms. Anne Goddard Rand American Saddlebred Horse Anonymous Ms. Angelia Goodwin Assn of Virginia Mr. & Mrs. William C. Anthony Ms. Leslie Goryeb At Last Fund Mr. & Mrs. Cecil Armstrong Ms. Judith E. Grass Mrs. Karin M. Banks Ms. Pam C. Baker Mr. & Mrs. Paul Hahn The Heisley Bishop Family Bank of America Matching Gifts Hamric & Sheridan Jewelers, Inc. Ms. Stephanie Riggio Bulger Mr. & Mrs. Robert D. Bays Mr. & Mrs. Gary H. Helfenberger Mr. Peter Doolan Benevity Community Impact Fund Mrs. Margaret Henderson Mr. Chuck Grossmann & Ms. Susan Tice Blue Ridge Products Ms. Elizabeth Irons Ms. Janine Malone Mr. William E. Bobbitt, Jr. Ms. Ann Isaksen Mountain Laurel Foundation Mr. & Mrs. Raymond C. Bodley Ms. Owen Jaeger Ms. Jacqueline L. Ohrstrom Ms. Judy A. Bonin Mr. William E. Johnson Famesgate is wonderful! The [Memorial] Park is absolutely gorgeous, it is so beautiful and perfect. We love the VHC, it is so well cared for.” — Kim Cowart, North Carolina Ms. Marianne Jolley Progressive Riding Program, Ms. Mary Ellena Ward & Mr. James R. Slack Ms. Margaret Jones Ms. Judith De Michele Warrenton Horse Show Ms. Wendy Jones Mrs. Cindy Payne Pryor Mr. & Mrs. Stephen K. Waskey Mr. Joe Samuels Mrs. Celia Rafalko Ms. Mary Wauls Ms. Deborah Kapsalakis Ms. Sarah Redifer Mr. Fred A. White Ms. Cecilia J Kimata Mr. & Mrs. Milton P. Reid, II Mr. William A. Whitlock Mr. & Mrs. Alfred A. King, Jr. Mr. Roger R. Rinehart, III World Equestrian Brands, Ms. Robin Moore Ms. Susan Knipe Mr. Robert E. Rombs, Jr. Mrs. Deborah Wray Mr. Dale Lanks Ms. Mary Ann Ronald Mr. Wayne A. Wriston Ms. Caroline Leeth Mr. & Mrs. Brian Ross Ms. Karyn A. Zambrano-Clifton Ms. Patty Lemon Ms. Sheri Ruddy Lexington Pappagallo, Ms. Susan Crawford Ms. Jeanne Russell Mr. & Mrs. Smith S. Lilly Ms. Mary Jane Ciraco Russell SPONSORS Mrs. Barbara J. Lindley Dr. Russell Edward Buss Ms. Sally D. Mason Dr. Gregory R. Schmidt $20,000.00 + Mr. & Mrs. Harry McCoy Ms. Doreen Schriebl The Heisley Bishop Family McDaniel Contractor Services Ms. Donna Schrum Sterba Family Fund – Famesgate Stables Ms. Lynda McGarry Shenandoah Valley Driving Club, Ms. Lindsay H. Maxwell Dr. & Mrs. Douglas C. McPherson Mr. Bill Ruark Mrs. Robin Mellen Ms. Phyllis Ann Showalter $10,000.00 to $19,999.99 Mr. Joe Melnik Ms. Betty E. Skillman TTR Sotheby’s Mr. & Mrs. Carl K. Miles, Jr. SportHorseAuctions.com, Ms. Thea Miller Mr. & Mrs. Timothy N. Jennings $5,000.00 to $9,999.99 Ms. Susan J. Mong Star City Canine Training Club Caves Farm, Howie & Megan Wolfe Ms. Jeanne Morency Dr. & Mrs. Robert Strong EquiJet LLC Ms. Anne Moss Ms. Susan E. Swope U.S. Hunter Jumper Association Mountain View Farm Greenhouses Ms. Dorna B. Taintor & Ms. Tenney Mudge Ms. Michelle Mahoney $2,500.00 to $4,999.99 Ms. Sandi Nelson Mr. John Teeter Take2 Second Career Thoroughbred Mr. John Nicholson Mr. & Mrs. David C. Thomas Program Old Dominion Region Pony Clubs Mr. & Mrs. Mark Thompson, Jr. Wakefield Family Foundation Olivia Streater Reed & Dwight Compton Mr. & Mrs. Swen P. Thompson Mr. & Mrs. Kenneth Wheeler, Jr. Reed Fund at CFRBA Mr. & Mrs. W. McIlwaine Thompson, Jr. Chesapeake Dressage Institute, Ms. Jennifer Tingley $1,000.00 to $2,499.99 Ms.