Middleburg Spring Race Association Inc logo

Middleburg Spring Race Association Inc

Grantmaker Middleburg, VA EIN: 54-0801738 Website

Horse races for the benefit of local charitable organizations.

Key facts about Middleburg Spring Race Association Inc

In short: Middleburg Spring Race Association Inc gave $27K across 1 grant in 2025 (avg $27K), mostly in Virginia. Source: 2025 IRS Form 990 filing.

EIN
54-0801738
Latest 990 filing
Form 990 filing, 2025
Annual giving (2025)
$27,000
Grants made (2025)
1
Average grant
$27,000
Median grant
$27,000
Total assets
$3,258,803
Primary geography
Virginia (100% of itemized 2025 grant dollars)

Data from IRS Form 990 filing, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 filing · View filing

Total Assets

$3.3M

+15.5% YoY

Annual Giving

$27K

Grant Count

1

Avg Grant Size

$27K

About Middleburg Spring Race Association Inc

Based on IRS filings

Middleburg Spring Race Association Inc is a nonprofit organization focused on Recreation & Sports, based in Middleburg, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.3M in total assets. In 2025, it awarded 1 grant totaling $27K. Net investment income was $77K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Middleburg

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K0 grants2020 0 grants2021 0 grants2022 0 grants2023 0 grants2024 1 grant2025

In 2025 it made 1 grant totaling $27K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Glenwood Park Trust: $27KGlenwood Park Trust$27K

The largest 2025 recipient was Glenwood Park Trust ($27K).

Grant Size Distribution

1 grant across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 1 grant of 1 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Glenwood Park Trust Middleburg, VADonation to help cover the cost of land purchase$27,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$250K$500K$750K$1M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$3,258,803$2,822,433$2,390,485
Revenue$790,320$750,316$774,360
Expenses$532,258$516,094$499,866
Net Investment Income$77,062$50,909$33,071

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Middleburg Spring Race Association Inc is led by Paul D. Fout, President on filings since 2020; none of the 11 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Paul D. Fout

    President

    On filings since 2020

    3 hrs/week

    No compensation reported

  • Sharon E. Sheppard

    Chairman

    Director → Chairman, 2021

    On filings since 2020

    1 hr/week

    No compensation reported

  • Beverly R. Steinman

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Lynn Wiley

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Annie Bishop

    Director

    On filings since 2022

    3 hrs/week

    No compensation reported

  • Bruce Smith

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Gail Clark

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Michael Crane

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Patsy Richards

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • F. Turner Reuter Jr.

    Vice President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Philip Dudley

    Vice President & Treasurer

    Director → Vice President & Treasurer, 2024

    On filings since 2022

    1 hr/week

    No compensation reported

Former officers (8)
  • Former: Viviane Warren (2020–2024) — Director
  • Former: Doug Fout (2022–2023) — President
  • Former: Ned Grassi (2022–2023) — Director
  • Former: Turner Reuter (2022–2023) — Vice President
  • Former: Guy O. Dove III (2020–2022) — Director
  • Former: Edward A. Grassi (2020–2021) — Director
  • Former: Robert Bonnie (2020–2021) — Director
  • Former: Lauren E. Woolcott (2020) — Chairman

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Middleburg Spring Race Association Inc

How much does Middleburg Spring Race Association Inc give each year?

Middleburg Spring Race Association Inc gave $27K across 1 grant in 2025, according to its 2025 IRS Form 990 filing.

How large is Middleburg Spring Race Association Inc?

Middleburg Spring Race Association Inc reported $3.3M in total assets on its 2025 IRS Form 990 filing. Its revenue that year was $790K.

What is Middleburg Spring Race Association Inc?

Middleburg Spring Race Association Inc is a nonprofit organization focused on Recreation & Sports, based in Middleburg, VA. It holds $3.3M in total assets as of 2025.

Where does Middleburg Spring Race Association Inc operate?

Middleburg Spring Race Association Inc has awarded grants in Virginia.

What is Middleburg Spring Race Association Inc's EIN?

Middleburg Spring Race Association Inc's EIN (Employer Identification Number) is 54-0801738. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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