Nj Thoroughbred Horsemen's Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222904953 ✦ Oceanport, NJ ✦ Designated as a 501(c)(6)

Overview

What is Nj Thoroughbred Horsemen's Association Inc?

The NJ Thoroughbred Horsemen's Association Inc, headquartered at 175 Oceanport Avenue, Oceanport, New Jersey, represents the interests of thoroughbred horse owners and trainers in the state, with a mission to enhance racing conditions within the thoroughbred industry for the benefit of all horsemen, their employees, and related organizations. They primarily derive their revenue from New Jersey horse racing tracks, advocating on behalf of their members before government agencies and working to manage New Jersey thoroughbred racetracks. NJTHA's goal is to promote the common business interests of the thoroughbred sport in New Jersey.


Is Nj Thoroughbred Horsemen's Association Inc legitimate?

Nj Thoroughbred Horsemen's Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Nj Thoroughbred Horsemen's Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $195,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Nj Thoroughbred Horsemen's Association Inc?
Who is the CEO of Nj Thoroughbred Horsemen's Association Inc?
What is the revenue of Nj Thoroughbred Horsemen's Association Inc?
Who are the executives of Nj Thoroughbred Horsemen's Association Inc and what are their salaries?
Where can I find the form 990 for Nj Thoroughbred Horsemen's Association Inc?

Mission Statement of Nj Thoroughbred Horsemen's Association Inc

The Nj Thoroughbred Horsemen's Association Inc is a prominent organization dedicated to representing the interests of thoroughbred horse owners and trainers in New Jersey. With a mission to enhance racing conditions in the thoroughbred industry, this association advocates for the common business interests of its members before various government agencies, race tracks, and related organizations. The Nj Thoroughbred Horsemen's Association Inc generates almost all of its revenue from thoroughbred horse racing tracks in the state.

In more detail, this nonprofit body serves as the voice for thoroughbred horse owners and trainers in New Jersey, working diligently to improve racing conditions and promote the overall well-being of the sport. By advocating for the common interests of its members, the Nj Thoroughbred Horsemen's Association Inc ensures that the thoroughbred racing industry remains healthy and thriving in the state. The association's efforts extend beyond individual interests, as it strives to foster a collaborative and supportive environment for horsemen and their employees.

Moreover, the Nj Thoroughbred Horsemen's Association Inc plays an integral role in various decision-making processes, engaging with government agencies, race tracks, and industry organizations to shape policies that benefit the thoroughbred racing community. This commitment to representation and advocacy ultimately contributes to the long-term success and sustainability of thoroughbred horse racing in New Jersey.

Impact

This information is meant to be a general summary of Nj Thoroughbred Horsemen's Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The impact of the Nj Thoroughbred Horsemen's Association Inc is significant in the state of New Jersey. By representing thoroughbred owners and trainers, the organization works to improve racing conditions in the industry for all horsemen and their employees. Additionally, the NJTHA promotes the common business interests of its members in various matters before government agencies, the management of New Jersey thoroughbred racetracks, and other industry-related organizations. Through its advocacy and efforts to enhance the racing environment, the NJ Thoroughbred Horsemen's Association Inc plays a crucial role in advancing the sport of horse racing in the state.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $0
  • Gross Receipts: $6,386,544

    • Assets and Liabilities:
  • Total Assets: $11,717,110
  • Total Liabilities: $64,480,917
  • Net Assets: -$52,763,807
  • Organization Details

    Founding Year

    1988

    Principal Officer

    Michael Musto Exec Dir

    Main Address

    175 OCEANPORT AVENUE, OCEANPORT, NJ, 07757

    NTEE Category

    Code: D03 - Animals

    If you are a representative of Nj Thoroughbred Horsemen's Association Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.