Monticello Harness Horsemens Association Inc
- Assets
- $2.6m
- Revenue
- $958.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Monticello, NY
- Founding
- 04/1980
- Data as of
- 07/2021
- EIN
- 14-1609644
Organization Overview
Monticello Harness Horsemens Association Inc is located in Monticello, NY. The organization was established in 1980. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monticello Harness Horsemens Association Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 07/2021, Monticello Harness Horsemens Association Inc generated $958.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $441.5k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 5 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION PROVIDES HEALTH INSURANCE FOR MEMBERS PROVIDED IN PART FROM NEGOTIATIONS WITH RACE TRACK MANAGEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION MAKES AVAILABLE AFFORDABLE MEDICAL INSURANCE FOR ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Berenson Admin | Officer | 35 | $20,500 |
A Schwartz President | Officer | 20 | $0 |
M Marcellino Vice President | Officer | 2 | $0 |
Teery Finch Treasurer | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,335 |
| 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 | $11,335 |
| Total Program Service Revenue | $669,265 |
| Investment income | $1,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $958,709 |
| 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 | $252,940 |
| 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 | $20,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,431 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,227 |
| Fees for services: Accounting | $16,673 |
| Fees for services: Lobbying | $25,388 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,960 |
| Advertising and promotion | $1,367 |
| Office expenses | $6,277 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,115 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $36,592 |
| All other expenses | $549 |
| Total functional expenses | $441,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,316 |
| Savings and temporary cash investments | $1,569,137 |
| 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 | $0 |
| Investments—publicly traded securities | $1,004,937 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $351 |
| Total assets | $2,576,741 |
| Accounts payable and accrued expenses | $697 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,000,000 |
| Total liabilities | $1,000,697 |
| Net assets without donor restrictions | $1,576,044 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,576,741 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jockey Club New York, NY | $77,383,639 | $14,119,358 |
Ox Ridge Riding And Racquet Club Inc Darien, CT | $12,713,447 | $5,659,718 |
Pennsylvania Harness Horsemens Association Chester, PA | $47,723,168 | $7,569,633 |
Lphsa Inc Lake Placid, NY | $506,275 | $2,224,218 |
American Horse Trials Foundation Inc Southwick, MA | $1,169,339 | $2,675,908 |
Wilton Riding Club Incorporated Wilton, CT | $810,219 | $1,435,945 |
Green Mountain Horse Association Inc South Woodstock, VT | $5,227,035 | $1,822,357 |
Lovelane Special Needs Horseback Riding Program Inc Lincoln, MA | $10,298,349 | $1,902,873 |
Western New York Harness Horsemens Association Inc Batavia, NY | $1,628,703 | $1,541,793 |
Pennsylvania Horse Breeders Association Inc Kennett Square, PA | $833,317 | $1,478,049 |
Pegasus Therapeutic Riding Inc Brewster, NY | $5,410,456 | $1,539,175 |
Thorncroft Equestrian Center Malvern, PA | $14,841,730 | $1,605,648 |