To perpetuate and grow the legacy of Secretariat throughout Virginia

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 18 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $114K a year · 86% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
76 mo
of spending, in cash
Looks good: 76.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$29K
-88% vs prior year
Spent
$36K
To programs
85%
Net assets
$248K
By yearFY2024–FY2025
Revenue
$29K
FY2025▼ -88%
Tap a bar for its year
Revenue by fiscal year
FY2024$237K
FY2025$29K
Expenses
$36K
FY2025▲ ×23
Tap a bar for its year
Expenses by fiscal year
FY2024$2K
FY2025$36K
Net assets
$248K
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2024$236K
FY2025$248K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $31K Management & general 12% · $4K Fundraising 3% · $977

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Vicepresiden
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
See Secretariat for Virginia executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserve and expand Secretariat's racing legacy across Virginia.

Questions for Secretariat for Virginia

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1 program · $31K · in their own filed words · FY2025
01

To perpetuate and grow the legacy of secretariat throughout virginia

$31Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$29K
Ln 12
Gifts and grantsLn 1h$16K
Other incomeLn 4–11$9K
Investment incomeLn 3$4K
Money outPt IX
$36K
Ln 25
Programscol B$31K
Managementcol C$4K
Fundraisingcol D$977
Owns and owesPt X
$248K
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$248K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Fees for servicesLn 2g$250
Investment incomeLn 3$4K
Other incomeLn 4–11$9K
Total revenueLn 12$29K
Assets in detailPt X, end of year
CashLn 1$26K
SavingsLn 2$202K
Cash and savings togetherLn 1–2$229K
Land, buildings, equipmentLn 10c$19K
Total assetsLn 16$248K
LiabilitiesLn 26$0
Net assetsLn 32$248K
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$236K$229K
Land, buildings, equipmentLn 10c$19K
Total assetsLn 16$236K$248K
LiabilitiesLn 26$0$0
Net assetsLn 32$236K$248K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$275$275
Accounting feesLn 11c$475$475
Office expensesLn 13$7K$2K$4K$977
OccupancyLn 16$8K$8K
Depreciation, depletion and amortizationLn 22$20K$20K
Total functional expensesLn 25$36K$31K$4K$977

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $29K$36K−$7K$248K 990 PDF
FY2024 $237K$2K$236K$236K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $29,043 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $237,317$16,198
I-9 Program service revenue$250
I-10 Investment income$3,639
I-11 Other revenue$8,956
I-12 Total revenuePrior year $237,317$29,043
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,561$35,990
I-18 Total expensesPrior year $1,561$35,990
I-19 Revenue less expensesPrior year $235,756−$6,947
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $29,043 across 6 lines filed
VIII-1f All other contributions, gifts and grants$16,198
VIII-1h Total contributions, gifts and grants$16,198
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $250$250
VIII-3 Investment incomeExcluded from tax $3,639$3,639
VIII-8 Net income from fundraising eventsExcluded from tax $8,956$8,956
VIII-12 Total revenueExcluded from tax $12,845$29,043
Part IX · Statement of functional expenses $35,990 across 5 lines filed
IX-11b Legal feesManagement $275$275
IX-11c Accounting feesManagement $475$475
IX-13 Office expensesPrograms $2,310 · Management $3,652 · Fundraising $977$6,939
IX-16 OccupancyPrograms $7,973$7,973
IX-22 Depreciation, depletion and amortizationPrograms $20,328$20,328
IX-25 Total functional expensesPrograms $30,611 · Management $4,402 · Fundraising $977$35,990
Part X · Balance sheet $247,782 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $235,756$26,320
X-2 Savings and temporary cash investments$202,489
X-10c Land, buildings and equipment, net$18,973
X-16 Total assetsStart of year $235,756$247,782
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $235,756$247,782
X-32 Total net assets or fund balancesStart of year $235,756$247,782
X-33 Total liabilities and net assetsStart of year $235,756$247,782
Part XI · Reconciliation of net assets $247,782 net assets at year end
XI-1 Total revenue$29,043
XI-2 Total expenses$35,990
XI-3 Revenue less expenses−$6,947
XI-4 Net assets at start of year$235,756
XI-9 Other changes in net assets$18,973
XI-10 Net assets at end of year$247,782

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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