Glenwood Park Trust: Nonprofit Profile, Financials & Form 990 (EIN 54-0752959)

Revenue by fiscal year
FY2020	$59K
FY2021	$102K
FY2022	$281K
FY2023	$159K
FY2024	$365K

Expenses by fiscal year
FY2020	$96K
FY2021	$81K
FY2022	$99K
FY2023	$93K
FY2024	$127K

Net assets by fiscal year
FY2020	$1.5M
FY2021	$1.6M
FY2022	$1.7M
FY2023	$1.8M
FY2024	$2.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1985.

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

Where the money goes

89 cents of each dollar spent went to programs.

89%

Program services 89% · $113K Management & general 11% · $14K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation

F Turner Reuter JR

Trustee

$0Pt VII · Sec A

David Moyes

Trustee

$0Pt VII · Sec A

See Glenwood Park Trust 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

Raises money to support Loudoun Medical Center's services and programs.

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Provided by the organization

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1 program · $113K · in their own filed words · FY2024

01

Use of the park and race course to generate funds for the benefit of loudoun hospital center.

$113Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

Virginia Equine AllianceFY2025$50K

Dun FoundationFY2025$35K

Total grants receivedfrom 2 funders$85K

By the numbers

The FY2024 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$365K

Ln 12

Gifts and grantsLn 1h$148K

Fees for servicesLn 2g$130K

Investment incomeLn 3$86K

Money outPt IX

$127K

Ln 25

Programscol B$113K

Managementcol C$14K

Owns and owesPt X

$2.0M

net assets · Ln 32

Cash and savingsLn 1–2$247K

Total assetsLn 16$2.0M

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$148K

Fees for servicesLn 2g$130K

Investment incomeLn 3$86K

Gains on assetsLn 7$64K

Total revenueLn 12$365K

Assets in detailPt X, end of year

CashLn 1$142K

SavingsLn 2$105K

Cash and savings togetherLn 1–2$247K

InvestmentsLn 11–13$727K

Land, buildings, equipmentLn 10c$1.0M

Other assetsLn 15$50K

Total assetsLn 16$2.0M

LiabilitiesLn 26$0

Net assetsLn 32$2.0M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$105K	$247K
InvestmentsLn 11–13	$698K	$727K
Land, buildings, equipmentLn 10c	$995K	$1.0M
Total assetsLn 16	$1.8M	$2.0M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.8M	$2.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$9K		$9K
Investment management feesLn 11f	$3K		$3K
OccupancyLn 16	$10K	$10K
InsuranceLn 23	$14K	$14K
Other expenses (24a–d)Ln 24	$88K	$88K
All other expensesLn 24e	$4K	$1K	$2K
Total functional expensesLn 25	$127K	$113K	$14K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$365K	$127K	$237K	$2.0M	990 PDF
FY2023	$159K	$93K	$66K	$1.8M	990 PDF
FY2022	$281K	$99K	$182K	$1.7M	990 PDF
FY2021	$102K	$81K	$21K	$1.6M	990 PDF
FY2020	$59K	$96K	−$36K	$1.5M	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 FY2024 990 (6 parts)

Part I · Summary $364,567 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $102,323$148,331

I-9 Program service revenuePrior year $34,000$130,000

I-10 Investment incomePrior year $23,140$86,236

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $159,463$364,567

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $93,495$127,361

I-18 Total expensesPrior year $93,495$127,361

I-19 Revenue less expensesPrior year $65,968$237,206

Part VI · Governance 2 of 2 board members independent, 4 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

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 $364,567 across 6 lines filed

VIII-1f All other contributions, gifts and grants$148,331

VIII-1h Total contributions, gifts and grants$148,331

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $130,000$130,000

VIII-3 Investment incomeExcluded from tax $21,773$21,773

VIII-7 Net gain or loss on sales of assetsExcluded from tax $64,463$64,463

VIII-12 Total revenueRelated to mission $130,000 · Unrelated business $0 · Excluded from tax $86,236$364,567

Part IX · Statement of functional expenses $127,361 across 6 lines filed

IX-11c Accounting feesManagement $9,233$9,233

IX-11f Investment management feesManagement $2,830$2,830

IX-16 OccupancyPrograms $10,000$10,000

IX-23 InsurancePrograms $13,611$13,611

IX-24 Other expenses (24a–d)Programs $88,083$88,083

IX-24e All other expensesPrograms $1,233 · Management $2,371$3,604

IX-25 Total functional expensesPrograms $112,927 · Management $14,434 · Fundraising $0$127,361

Part X · Balance sheet $2,036,246 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $29,528$142,100

X-2 Savings and temporary cash investmentsStart of year $75,614$104,783

X-10c Land, buildings and equipment, netStart of year $995,456$1,011,692

X-11 Publicly traded securitiesStart of year $698,142$727,371

X-15 Other assetsStart of year $300$50,300

X-16 Total assetsStart of year $1,799,040$2,036,246

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $1,799,040$2,036,246

X-33 Total liabilities and net assetsStart of year $1,799,040$2,036,246

Part XI · Reconciliation of net assets $2,036,246 net assets at year end

XI-1 Total revenue$364,567

XI-2 Total expenses$127,361

XI-3 Revenue less expenses$237,206

XI-4 Net assets at start of year$1,799,040

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,036,246

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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