Goshen Historic Track Inc
- Assets
- $2.6m
- Revenue
- $955.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Goshen, NY
- Founding
- 09/1979
- Data as of
- 12/2023
- EIN
- 14-1607405
Organization Overview
Goshen Historic Track Inc is located in Goshen, NY. The organization was established in 1979. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Goshen Historic Track Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goshen Historic Track Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Goshen Historic Track Inc generated $955.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $936.0k during the year ending 12/2023. While expenses have increased by 1.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVING THE HISTORIC HORSE RACING TRACK (NATIONAL LANDMARK) AS A CULTURAL AND COMMUNITY CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPAIR & MAINTENANCE OF HISTORIC TRACK & GRANDSTAND.
SPECIAL RACES ARE HELD ANNUALY PURELY ON A SPORT BASIS. BETTING IS PROHIBITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Atherton Irving Board Member | Trustee | 5 | $0 |
Brescia L Stephen Board Member | Trustee | 5 | $0 |
Casale George Vice President | Trustee | 5 | $0 |
Durso Janet Board Member | Trustee | 5 | $0 |
English Kerry J Board Member | Trustee | 5 | $0 |
English Patrick Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,915 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $553,373 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $576,288 |
| Total Program Service Revenue | $71,045 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $250,935 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,814 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $955,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $196,943 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,494 |
| Payroll taxes | $18,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $645 |
| Fees for services: Other | $5,996 |
| Advertising and promotion | $3,304 |
| Office expenses | $17,717 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,254 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $194,259 |
| Insurance | $38,709 |
| All other expenses | $27,377 |
| Total functional expenses | $936,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,349 |
| Savings and temporary cash investments | $43,645 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,332,224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,571,218 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $9,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,020 |
| Total liabilities | $30,020 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $60,819 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,480,379 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,571,218 |