Potomac Hunt Incorporated FY2021 filing

Not tax-deductible

Dickerson, MD501(c)(7)EIN 52-0562876Revenue $226K in FY2021

On file with the IRSpotomachunt.org21315 Peach Tree Rd, 20842-9168 · Dickerson, MDTax-exempt since Jan 1939

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Membership club that promotes, fosters and preserves mounted fox chasing with hounds, steeplechase racing, training of horses and hounds and the preservation and conservation of the countryside for such activities.

$51K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $20K a year · 7% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$51K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$17K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 15 voting members
Looks good: 12 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$226K
-27% vs prior year
Spent
$225K
To programs
0%
Net assets
$303K
By yearFY2020–FY2023
Revenue
$226K
FY2021▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2020$308K
FY2021$226K
FY2022$287K
FY2023$267K
Expenses
$225K
FY2021▼ -42%
Tap a bar for its year
Expenses by fiscal year
FY2020$391K
FY2021$225K
FY2022$260K
FY2023$292K
Net assets
$303K
FY2021+0.2%
Tap a bar for its year
Net assets by fiscal year
FY2020$302K
FY2021$303K
FY2022$330K
FY2023$305K

From the FY2021 Form 990 (year ending March 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jan 1939.

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

Who runs it and what they're paid

14 people listed on the 990; $51K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$51,024Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
S Brian Kiely$51,024$46,935$51,024$50,940

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves countryside and promotes fox chasing, steeplechase racing, and horse/hound training.

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2 programs · in their own filed words · FY2020
01

Member EVENTS/ACTIVITIES to promote comraderie and to discuss concerns associated with the development, conservation and preservation of natural resources, and their effects on steeplechase racing, fox chasing and horsemanship.

Pt IX · col B
02

The potomac hunt sponsors an annual horse racing event which demonstrates the training of horses and hounds and the benefits derived from fox chasing and steeplechase racing.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$226K
Ln 12
Fees for servicesLn 2g$224K
Gifts and grantsLn 1h$2K
Money outPt IX
$225K
Ln 25
Owns and owesPt X
$303K
net assets · Ln 32
Cash and savingsLn 1–2$124K
Total assetsLn 16$319K
LiabilitiesLn 26$17K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Fees for servicesLn 2g$224K
Gains on assetsLn 7$0
Total revenueLn 12$226K
Assets in detailPt X, end of year
CashLn 1$124K
SavingsLn 2$0
Cash and savings togetherLn 1–2$124K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$195K
Other assetsLn 15$0
Total assetsLn 16$319K
LiabilitiesLn 26$17K
Net assetsLn 32$303K
OperationsPt I, VI
EmployeesI 52
VolunteersI 650
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$124K$124K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$195K$195K
Total assetsLn 16$319K$319K
LiabilitiesLn 26$16K$17K
Net assetsLn 32$302K$303K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$500
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$51K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$30K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$3K
Payroll taxesLn 10$7K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$23K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$20K
Other expenses (24a–d)Ln 24$88K
All other expensesLn 24e$3K
Total functional expensesLn 25$225K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $267K$292K−$25K$305K 990 PDF
FY2022 $287K$260K$28K$330K 990 PDF
FY2021 Viewing $226K$225K$528$303K 990 PDF
FY2020 $308K$391K−$83K$302K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $225,588 revenue, 12 lines filed
I-8 Contributions and grants$1,500
I-9 Program service revenuePrior year $305,948$224,088
I-10 Investment income$0
I-11 Other revenuePrior year $2,080$0
I-12 Total revenuePrior year $308,028$225,588
I-13 Grants and similar amounts paidPrior year $3,677$500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $101,439$91,290
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $286,248$133,270
I-18 Total expensesPrior year $391,364$225,060
I-19 Revenue less expensesPrior year −$83,336$528
Part VI · Governance 12 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $225,588 across 9 lines filed
VIII-1f All other contributions, gifts and grants$1,500
VIII-1h Total contributions, gifts and grants$1,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $220,139 · Unrelated business $3,949$224,088
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $220,139 · Unrelated business $3,949$225,588
Part IX · Statement of functional expenses $225,060 across 31 lines filed
IX-1 Grants to domestic organizations$500
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$51,024
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$29,986
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$3,346
IX-10 Payroll taxes$6,934
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$22,586
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$20,380
IX-24 Other expenses (24a–d)$87,768
IX-24e All other expenses$2,536
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$225,060
Part X · Balance sheet $319,339 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $123,700$124,455
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $194,884$194,884
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $318,584$319,339
X-17 Accounts payable and accrued expensesStart of year $16,300$16,527
X-26 Total liabilitiesStart of year $16,300$16,527
X-27 Net assets without donor restrictionsStart of year $302,284$302,812
X-32 Total net assets or fund balancesStart of year $302,284$302,812
X-33 Total liabilities and net assetsStart of year $318,584$319,339
Part XI · Reconciliation of net assets $302,812 net assets at year end
XI-1 Total revenue$225,588
XI-2 Total expenses$225,060
XI-3 Revenue less expenses$528
XI-4 Net assets at start of year$302,284
XI-10 Net assets at end of year$302,812

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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