Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
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
4 people listed on the 990; $76K paid to officers and key staff.
Kelsey Cox’s $76K as Executive Director is at the 15th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2022 | FY2021 |
|---|---|---|---|
| Kelsey Cox | $75,659 | $87,118 | $46,942 |
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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Preserves Virginia's open spaces and natural resources through land conservation and legal action.
Questions for Foxfield Racing LLC
Your first name shows with your question. Foxfield Racing LLC answers here, for everyone.
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Run the spring and fall foxfield races in line with the steeplechase tradition in albemarle county. The successful races are required within the agreement to maintain the open space and support the philanthropic aims of the organization.
Establish and Support a Long-Term Philanthropic Partnership
Garth road preservation supported camp holiday trails with a $61,801 cash donation and habitat for humanity with a $60,906 cash donation and helped spread the missions of both to the foxfield community.
Improve, maintain and conserve the foxfield property and its open space. Per the property master plan new stables were constructed to enhance the safety of race DAY.THREE community events were held on the foxfield property. The most significant financially was jackfest, held in october 2024.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $225K | $144K |
| InvestmentsLn 11–13 | $1.1M | $1.3M |
| Land, buildings, equipmentLn 10c | $181K | $342K |
| Total assetsLn 16 | $1.5M | $2.1M |
| LiabilitiesLn 26 | $0 | $168K |
| Net assetsLn 32 | $1.5M | $2.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $123K | $123K | ||
| Pay of current officers, directors and key staffLn 5 | $76K | $53K | $11K | $11K |
| Other salaries and wagesLn 7 | $149K | $134K | $15K | |
| Other employee benefitsLn 9 | $23K | $18K | $2K | $2K |
| Payroll taxesLn 10 | $18K | $15K | $2K | $2K |
| Legal feesLn 11b | $6K | $6K | ||
| Accounting feesLn 11c | $25K | $25K | ||
| Advertising and promotionLn 12 | $119K | $101K | $18K | |
| Office expensesLn 13 | $11K | $8K | $2K | $2K |
| Information technologyLn 14 | $8K | $6K | $1K | $1K |
| OccupancyLn 16 | $57K | $40K | $9K | $9K |
| Depreciation, depletion and amortizationLn 22 | $38K | $38K | ||
| InsuranceLn 23 | $35K | $24K | $5K | $5K |
| Other expenses (24a–d)Ln 24 | $1.2M | $1.1M | $42K | |
| All other expensesLn 24e | $81K | $49K | $16K | $16K |
| Total functional expensesLn 25 | $1.9M | $1.7M | $80K | $123K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $2.3M | $1.9M | $318K | $2.0M | 990 PDF |
| FY2023 | Not on file | ||||
| FY2022 | $1.8M | $1.4M | $322K | $988K | 990 PDF |
| FY2021 | $944K | $672K | $272K | $666K | 990 PDF |
| FY2020 | $659K | $265K | $394K | $394K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $2,251,263 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 2 to look at
Part VIII · Statement of revenue $2,251,263 across 7 lines filed
Part IX · Statement of functional expenses $1,933,122 across 15 lines filed
Part X · Balance sheet $2,142,574 assets, 14 lines filed
Part XI · Reconciliation of net assets $1,974,764 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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