Thoroughbred Breeders Association Of New Jersey

Organization Overview

Thoroughbred Breeders Association Of New Jersey is located in W Long Branch, NJ. The organization was established in 1948. 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. Thoroughbred Breeders Association Of New Jersey is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 12/2021, Thoroughbred Breeders Association Of New Jersey generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE BREEDING AND OWNERSHIP OF THOROUGHBRED HORSES IN THE STATE OF NEW JERSEY

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTE BREEDER'S AWARDS TO BREEDERS, STALLION OWNERS AND OWNERS OF REGISTERED NEW JERSEY-BRED HORSES FINISHING FIRST, SECOND OR THIRD IN OPEN OR RESTRICTED RACES.


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Board, Officers & Key Employees

Name (title)Compensation
Ken Garcia
Secretary
$0
Mildred Fleming
President
$0
Judith Batcha
Vice President
$0
Lawrence Fleming
Treasurer
$0
Rory Huston
Trustee
$0
Joe Coles
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$6,485
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$6,485
Total Program Service Revenue$1,712,024
Investment income $3,002
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $27,573
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,749,084

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