Massachusetts Thoroughbred Breeders Association Inc

Organization Overview

Massachusetts Thoroughbred Breeders Association Inc, operating under the name Mtba, is located in Chelmsford, MA. The organization was established in 1982. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mtba is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 12/2022, Mtba generated $948.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $331.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ENCOURAGE BREEDING, OWNERSHIP, RAISING, RACING AND MARKETING OF THOROUGHBRED HORSES BRED AND FOALED IN THE COMMONWEALTH OF MASSACHUSETTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

EACH YEAR STAKES RACES FUNDED BY THE MTBA ARE RUN AT PARI-MUTUAL RACE MEETS FOR THE BENEFIT OF MASSACHUSETTS HORSE OWNERS AND BREEDERS.


MASSACHUSETTS THOROUGHBRED OWNERS, BREEDERS AND STALLION OWNERS ARE AWARDED A PERCENTAGE OF AMOUNTS WON AT PARI-MUTUAL RACING EVENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Gregg Rose
Director
$0
Paul Umbrello
Director
$0
Armand Janjigian
Director
$0
Robert Currie
Director
$0
Kathleen Reagan
Vice Chairperson
$0
Arlene Brown
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$3,400
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,400
Total Program Service Revenue$944,376
Investment income $1,036
Tax Exempt Bond Proceeds $0
Royalties $38
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $948,850

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